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Tehran & Baku Agree To Double Gas Swap
...anian gas grid, near the Caspian Sea port of Neka (see map). In the past Iran had turned a profit from importing gas from Turkmenistan at a much lower price than it received from exports to Turkey (MEES, 3 October 2014). Another consideration beyond logistics, is that Iran’s own demand for gas – es...
Volume: 65Issue: 23Published at Fri, 10 Jun 2022 -
Libya’s NOC Plans Massive Upstream Opening
...timism. An October 2020 ceasefire between previously warring eastern and western forces has held, the country has a unified government for the first time since 2014 and preparations for nationwide elections in December are underway. But the peace process is extremely fragile (MEES, 4 June). “We are ve...
Volume: 64Issue: 23Published at Fri, 11 Jun 2021 -
Qatar Embargo One Year On: Anatomy Of Resistance
...NDENSATE HAVE REBOUNDED FROM 2Q 2017 LOWS (‘000 B/D) *ESTIMATE BASED ON ANNUAL IMPORTS FOR CHINA 1Q 2013 - 2Q 2014. SOURCE: IMPORT STATS, MEES....
Volume: 61Issue: 23Published at Fri, 08 Jun 2018 -
Troubled Waters: GCC Internal Schisms In The Spotlight Again
...milar accusations leveled at it from multiple fronts. Saudi Arabia appears motivated to try to clamp down on its smaller neighbor’s highly vocal independent foreign policies that refuse to adhere to Riyadh’s line. This was also the case in 2014 when Saudi Arabia, UAE and Bahrain withdrew their am...
Volume: 60Issue: 23Published at Fri, 09 Jun 2017 -
UAE Gas Supplies: Qatar Dependence Remains Despite LNG Diversification
...eater LNG supply diversification As Dubai’s LNG buying picks up with the start of summer the emirate faces no shortage of supply options. Australian volumes more than quadrupled since 2014, hitting 265,000 tons last year, and while the UAE hasn’t bought any yet this year, this could change in the su...
Volume: 60Issue: 23Published at Fri, 09 Jun 2017 -
Rig Count: Iraq Drilling Resurgent, Saudi Offshore Growth Slow To Materialize
...gs in Iraq (all are onshore oil rigs) hit a 17-month high of 51 in May. Drilling is still well down on 2014’s highs, but has been steadily increasing since the second half of 2016. How much further it will rise in 2017 is unclear as IOCs are still cautious on investment in Iraq. Shell has mo...
Volume: 60Issue: 23Published at Fri, 09 Jun 2017 -
Bahrain: New Minister Challenged By Oxy/Mubadala Withdrawal
...0,942 b/d of Arab Medium crude in 2015. Bahrain gave up its territorial claim to the area surrounding the field in the 1950s in return for half of the field’s output. Meanwhile, imports from Saudi Arabia averaged 216,000 b/d last year, up from 208,000 b/d in 2014. These are through an ageing 230,000 b/d pi...
Volume: 59Issue: 23Published at Fri, 10 Jun 2016 -
Delek Looks To Increase Aphrodite Stake
...vor of Noble. Noble gave the first indication it was looking to divest part of its Block 12 stake in its 2014 annual report, “There is also potential for a farm-out arrangement of our working interest,” the firm said (MEES, 10 April). FUNDING EFFORTS Delek has been working hard to gather fu...
Volume: 58Issue: 23Published at Sat, 06 Jun 2015 -
Total Sees Sunshine Amid Gulf Turbulence-Interview With CEO Patrick Pouyanne
...rmoil. Total suffered a double shock last year, which ended with the tragic death of Christophe de Margerie, the charismatic former CEO who died in a plane crash in Moscow in October. The first shock was the collapse in oil prices, which fell from a high of $115/B in June 2014 to $45/B in January be...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
Algeria Ploughs On With Failed Policies
...ll be no further changes to the country’s hydrocarbons law despite a disastrous turn-out at the most recent upstream round in September 2014, when a mere five bids were received, and four blocks awarded, out of the 31 blocks on offer (MEES, 3 October 2014). OIL LAW: ‘NO CHANGES’ The go...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
Rising Oil Exports Raise Questions Over Washington’s Iran Policy
...5mn b/d, the highest level in a year. January volumes also topped 1.35mn b/d, official customs data indicate. In the first four months of 2014, imports of Iranian oil averaged 1.38mn b/d. This was up from 1.25mn b/d for the corresponding period last year, largely driven by Iran’s big five consumers – Ch...
Volume: 57Issue: 23Published at Fri, 06 Jun 2014 -
Iraq’s Southern Exports Hit Record 2.6mn b/d But North Still Out
...stream capacity increment of 2014. The latest Ministry of Oil data show that Iraq exported a total of 80.036mn barrels of oil or 2.582mn b/d from its southern ports last month, a marginal increase from 2.509mn b/d in April (see graph p20). Northern exports have been halted since 2 March because of pi...
Volume: 57Issue: 23Published at Fri, 06 Jun 2014 -
Libya: Exports Down, Output Down, Violence Continues
...th crude shipments restricted to offshore fields, current plans to scale up refinery capacity also look optimistic. Libya: Crude Production & Exports (‘000 B/D) Libya Jan-April 2014 Exports By Port/Terminal (‘000 B/D) April Ma...
Volume: 57Issue: 23Published at Fri, 06 Jun 2014 -
Project Delays Smother Iraqi Capacity Growth
...jnoon was supposed to start-up late May. But customs delays on vital equipment have pushed launch back to around October; privately operators concede a 2014 start-up is a possibility. Majnoon is due to come onstream at 100,000 b/d and ramp up to 175,000 b/d. Delays on Majnoon and Badra raise question ma...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013