1. Qatar Q1 Export Flows Normalize As LNG Spot Markets Cool

    ...gan supplying Bangladesh in 2018 under a 15 year contract to 2033 which was signed in 2017 (MEES, 30 June 2017). This follows previous deals for NFE volumes from 2026, including a 15-year 2mn t/y agreement in November with ConocoPhillips to supply Germany (MEES, 2 December 2022), and a massive 4m...

    Volume: 66
    Issue: 22
    Published at Fri, 02 Jun 2023
  2. Qatar Gets Post-Embargo Boost As Exports To Saudi Resume

    ...fferences remain between the two sides, but no winners had emerged since the onset of the embargo on 5 June 2017 (MEES, 9 June 2017) and bringing an end to this public rift was ultimately a pragmatic decision. With the embargo having forced a reshaping of regional trade links, a return to the pre-2017 st...

    Volume: 64
    Issue: 22
    Published at Fri, 04 Jun 2021
  3. Lebanon-Sonatrach Fuel Scandal Lays Bare Energy Sector Corruption

    ...ddy and Raymond Rahme, who have a variety of business interests – including alleged ties to the Barzani family in Iraqi Kurdistan. Around 2017, the firm emerged as a heavyweight in the Lebanese products sector, suspiciously underbidding in several gasoil and gasoline contracts – an oil trader te...

    Volume: 63
    Issue: 22
    Published at Fri, 29 May 2020
  4. Iran’s Banking Sector: Dark Days Loom

    ...ghtening of sanctions from 2012, the last year in which oil revenues were above $100bn.  ASTRONOMICAL SUMS     Freshly-released Central Bank of Iran (CBI) figures for the 2017-18 fiscal year (which ended on 20 March), published this week, pegs end-year bad loans at an astronomical 1,300 trillion ri...

    Volume: 61
    Issue: 22
    Published at Fri, 01 Jun 2018
  5. Saudi Looks To Pop Deficit With Fizzy Drinks Tax

    ...T IN 2021 AT CURRENT* RATE OF DRAWDOWN (SAMA NET FOREIGN ASSETS, $BN END-PERIOD) *JAN-APR 2017. SOURCE: SAMA, IMF, MEES....

    Volume: 60
    Issue: 22
    Published at Fri, 02 Jun 2017
  6. Iraq Oil Takings Up

    ...erage monthly earnings of around $4.7bn in 2017, while this falls to about $4.57bn when factoring in lower oil prices in the second half of the year (see chart). This results in total annual earnings of $54.8-56.8bn over the course of the year, up from $43.71bn last year but well down on 2012’s high wa...

    Volume: 60
    Issue: 22
    Published at Fri, 02 Jun 2017
  7. KNPC Seeks Ideas, Finance For Refinery Projects

    ...out how the loan should be structured. CFP SCHEDULE Work on the CFP began in March, with a view to completion in late 2017. KNPC chief executive Muhammad al-Mutairi told reporters recently that he now expects the revamped refineries to be fully operational by the end of 2018. The ageing Sh...

    Volume: 58
    Issue: 22
    Published at Fri, 29 May 2015
  8. Morocco Solar Funds

    ...ergy (Masen) awarded the 200MW Noor 2 and 150MW Noor 3 projects to ACWA and Spain’s Sener with a view to 2017 start-up. Masen also plans to build a 50MW solar photovoltaic (PV) unit at the site – Noor 4. ACWA says the debt part of the package will be “entirely financed by Masen” with funds from the Af...

    Volume: 58
    Issue: 22
    Published at Fri, 29 May 2015