- Sort by:
- Score
- Published ▼
-
Dubai’s Dragon Roars In To Egypt With BP Purchase
...timated $500mn for BP’s Gupco subsidiary, which manages the firm’s 12 concessions containing 45 fields in Egypt’s mature Gulf of Suez oil province. Output was 71,000 b/d for 2017-18, 11% of Egypt overall output, down from 72,500 b/d for 2016-17 and 78,000 b/d for 2011-12. Net output to BP is around 40...
Volume: 62Issue: 23Published at Fri, 07 Jun 2019 -
Opec Output Rises In May Ahead Of Latest Crunch Meeting
...entually forced Opec, Russia and their allies to implement supply cuts from January 2017 that have broadly been in force ever since (MEES, 10 December 2016). Demand growth meanwhile has been speeding along in excess of 1mn b/d each year, including around 1.9mn b/d over 2015, and has been projected at 1....
Volume: 62Issue: 23Published at Fri, 07 Jun 2019 -
GCC Rift Enters Third Year As Qatar PM’s Saudi Trip Ends In Acrimony
...abia, UAE, Bahrain and Egypt cut off diplomatic relations with Qatar (MEES, 9 June 2017). The rift shows no sign of easing. Qatari Prime Minister Abdullah bin Nasser Al Thani last week became the first senior official to visit Saudi Arabia since the June 2017 flareup when he attended a series of su...
Volume: 62Issue: 23Published at Fri, 07 Jun 2019 -
Saudi Aramco Trading Gets Fujairah Boost
...Saudi Aramco’s trading arm is ramping up activity as the state firm seeks to maximize profitability. A new Singapore office opened in 2017, and this week saw a branch open in the key Mideast bunkering port of Fujairah. As Saudi Aramco looks to develop new revenue streams, the state oil gi...
Volume: 62Issue: 23Published at Fri, 07 Jun 2019 -
Ineos Signs Up With Aramco/Total For Satorp Integrated Petchems
...used this phrase in December 2017 to describe a plant to be built in the US for start-up in third quarter 2019 that it also said would have 120,000 t/y capacity and be the “world’s largest single PAO train.” A similar scale here seems likely. The two largest of the Ineos plants will require fe...
Volume: 62Issue: 23Published at Fri, 07 Jun 2019 -
Oman’s 2019 Power Start-Ups Are Last Gas Burners In Project Pipeline
...-field operations across the huge Block 6 (MEES, 2 November 2018); and rural electricity provider Raeco’s 50MW wind farm being built at Harweel in the Dhofar region (MEES, 3 February 2017). OPWP has proposed a 1.5GW coal-fired power plant at Duqm on the Arabian Sea coast, but this project may be...
Volume: 62Issue: 23Published at Fri, 07 Jun 2019 -
Algeria Cuts Deficit For 2018: Gains Will Likely Prove Short-Lived
...venue. Overall 2018 state revenues, at AD6,620bn ($56.5bn), were up 9.5% on 2017 in nominal dinar terms, though the gains fall to 4% in dollar terms given the continued slide of the Algerian currency against the greenback. $1 bought AD111 in 2017, AD117 in 2018 and an average of AD119 so far in 2019. Sp...
Volume: 62Issue: 23Published at Fri, 07 Jun 2019 -
Oman Nears ‘Sin Tax’ Startup
...abia was the first to impose excise taxes in June 2017 (MEES, 2 June 2017), followed by the UAE in October 2017 (MEES, 6 October 2017) and Bahrain at the end of 2017. Qatar followed suit in January 2019, but Kuwait has yet to announce a date to impose excise taxes. Though the GCC is looking in...
Volume: 62Issue: 23Published at Fri, 07 Jun 2019 -
Israel Extends Bidding
...ich took five blocks, while a consortium of Indian firms led by state giant ONGC Videsh took one (MEES, 24 November 2017). Israel hopes that, having purchased a data package, US major ExxonMobil will be the breakthrough entrant in the latest bidding (MEES, 15 March)....
Volume: 62Issue: 23Published at Fri, 07 Jun 2019