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Western Zagros Gets Green Light To Develop Kurdistan’s ‘Crown Jewels’
...rdamir partners had for years been seeking to secure approval from the KRG’s Ministry of Natural Resources (MNR) for a Kurdamir FDP, but progress proved frustratingly slow as the regional government struggled to deal with a series of crises. First came the advance of the so-called Islamic State in 2014, fo...
Volume: 64Issue: 22Published at Fri, 04 Jun 2021 -
Algeria’s Touat: June Start Up, July Plateau
...mainder of 2019. The Karam field, where output began in late 2014, is the key producer on the Western Desert concession. Neptune says drilling of the ‘Karam-10’ development well is ongoing following “positive results” from last year’s Karam-9 well. Shell was the key winner of Western Desert acreage in re...
Volume: 62Issue: 22Published at Fri, 31 May 2019 -
Egypt Inches Towards Paying Off Receivables Bill
...ll in late 2014 when it halved dues to $3.1bn on the back of borrowed cash (MEES, 5 December 2014). EGPC has pledged to pay off receivables by mid-2019. VICIOUS CIRCLE EGPC can point to the sums it is owed by other ministries as a reason it has fallen so far behind with payments. As of late 20...
Volume: 61Issue: 22Published at Fri, 01 Jun 2018 -
Aramco Sees Gas As Central To Economic Transformation
...ace within its latest Annual Review. Aramco sees gas as an essential “feedstock for diversified industries” and therefore at the heart of Vision 2030. Saudi Arabia has steadily increased the amount of raw gas processed in recent years, from 11mn cfd in 2013, to 11.3mn cfd in 2014 and 11.6mn cfd la...
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
ENOC Moves Ahead With Offer To Absorb Dragon Oil
...later withdrew from the transaction. Petroceltic’s key production is in Egypt, while its key expansion project is in Algeria. Dragon said in its Annual Report for 2014 that it had ramped up its oil production to 92,000 b/d at the end of last year after a slow start to the year at its flagship Ch...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Egypt To Slash Petroleum Subsidies As Part Of New Budget
...recent months been hit by severe power cuts, ultimately caused by a shortage of fuel and a lack of sufficient funds to import products from the international market. Reviewing the 2014-15 draft budget, Finance Minister Hani Qadri Dimian said that it projects total expenditure at E£807bn ($11...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Saudi Aramco: 2012 Production Rises, Capacity Steady
...oduction. On 15 April, Saudi Aramco began production at its Manifa oil field three months ahead of schedule. Production will rise to 500,000 b/d by July and 900,000 b/d by end 2014, with output replacing mature fields coming offline – allowing Saudi Aramco to maintain its 12mn b/d production capacity. Ac...
Volume: 56Issue: 22Published at Fri, 31 May 2013