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  1. Iraq Unveils Optimistic Production Capacity Targets

    ...e planned production targets (PPT) at key fields were being revised down. For instance Iraq’s biggest field – the 1.45mn b/d capacity Rumaila (BECL: BP 47.63%, CNPC 46.37%, Somo 5%) – has had its PPT revised down from 2.85mn b/d to 2.1mn b/d in 2014 and then down to just 1.7mn b/d last year (ME...

    Volume: 65
    Issue: 22
    Published at Fri, 03 Jun 2022

  2. Tight LNG Market Drives $2bn Revenue Boost For Qatar

    ...ices work their way through the system. Already, April revenues were the highest since March 2014’s $12.46bn and were among the highest monthly figures ever (see chart 1). Hydrocarbon revenues of $10.5bn accounted for 88% of the April total, significantly above the 2021 average of 84%. High re...

    Volume: 65
    Issue: 22
    Published at Fri, 03 Jun 2022

  3. Saudi Foreign Reserves Edge Up Over April

    ...art).   *Nevertheless, sizeable increases are on the cards, with Minister of Finance Muhammad al-Jadaan telling the Financial Times last month that surplus oil revenues will be used to replenish reserves.   *After peaking at $737bn in August 2014, foreign reserves tumbled when oil prices crashed in th...

    Volume: 65
    Issue: 22
    Published at Fri, 03 Jun 2022