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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 -
Sadara Starts First Saudi PMDI, BGE Plants; Targets Polyurethane, Solvent Markets
...ll as 700,000 t/y of paraxylene and 200,000 t/y of propylene (MEES, 15 August 2014). Aramco is mulling further petchems capacity at Jubail, where besides Sadara and Satorp it has equity in the 300,000 b/d Sasref refinery joint venture with Anglo-Dutch major Shell. Aramco’s website says the co...
Volume: 60Issue: 23Published at Fri, 09 Jun 2017 -
Dubai Claims New Solar Pricing Record, This Time For CSP
...cording to an authoritative 2014 Baker Institute paper citing an Abu Dhabi energy official. Since then LCOEs for both CSP and PV solar capacity plunged (see charts), driven in particular by tumbling solar technology costs. However, there is some concern in the industry that developers are making di...
Volume: 60Issue: 23Published at Fri, 09 Jun 2017 -
Libya, Nigeria Gains Expose Opec Deal’s Limitations
...nce November 2016, while Libya’s 770,000 b/d was its highest monthly output since October 2014. Both countries have flattered to deceive in the recent past, securing production gains that they have been unable to maintain and this may again be the case. This has especially been the case in Libya wh...
Volume: 60Issue: 23Published at Fri, 09 Jun 2017 -
Algeria: Government Reshuffled But Course Unchanged
...o have become increasingly desperate for new policies in the wake of the oil price crash in 2014, are likely to be sorely disappointed. On the face of it, major changes have been made. Abdelmalek Sellal finally comes to the end of his tenure as prime minister, a post he held for almost five ye...
Volume: 60Issue: 23Published at Fri, 09 Jun 2017 -
Egypt Seeks Virtuous Output Circle: Reserves Up, Dues Down, More Output
...e official receivables total at just $2.3bn, down from $3.4bn at end-March, $3.5bn at end-2016 and a high of $6.3bn in 2014. These official figures are substantially lower than MEES estimates based on company filings ($4.35bn at end-Q1), although however you look at it the trend is clearly down. Th...
Volume: 60Issue: 23Published at Fri, 09 Jun 2017