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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 -
Iraq Confirms Negotiations With American-Saudi Consortium For Akkas
...s originally awarded to Korea’s Kogas (100%) in 2010’s third licensing round, with the firm targeting 400mn cfd for a remuneration fee of $5.50/boe (MEES, 25 October 2010). Kogas declared force majeure on the field in 2014 as Islamic State overran the area, but after the area was retaken, Baghdad be...
Volume: 64Issue: 23Published at Fri, 11 Jun 2021 -
Gulfsands Bullish On Syria Return As Key Russian Investor Consolidates Position
...nserving cash for potential Syria re-entry. Whilst Gulfsands says it has had no control over and received no revenue from its Syria assets since 2011, it was informed by Syrian state firm GPC that the Block 26 fields, having produced intermittently since 2014, “returned to regular production in January 20...
Volume: 64Issue: 23Published at Fri, 11 Jun 2021