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Iraq Turns To Turkey To Ease Electricity Shortages
...stem operator TEİAŞ continues to list allocated capacity at up to 300MW out to December 2025. There is also a second line linking Turkey’s Silopi to Kurdistan’s Zakho, but this has not been used since 2011, and attempts to restart the line in 2021 fell apart due to disagreements with Turkish energy tr...
Volume: 68Issue: 24Published at Fri, 13 Jun 2025 -
Zohr Production Cap Pushes Egypt Output Lower
...rminals in years to come (see p12). Egyptian LNG exports of 3.31mn tons for the first five months of 2022 were up 10% on the year-ago figure of 3.02mn tons to put 2022 on track for the highest LNG exports since 2011 according to figures from data intelligence firm Kpler. A key change from recent years is...
Volume: 65Issue: 24Published at Fri, 17 Jun 2022 -
TotalEnergies First Again With Qatar LNG Expansion Deal
...untry’s civil war, and there has been no production in Syria since December 2011 because of the conflict there. A recent truce in Yemen has at least raised hopes of a potential restart there (MEES, 6 May), but Syria offers less optimism (see p12). As a result, TotalEnergies’ net Mena gas output has dr...
Volume: 65Issue: 24Published at Fri, 17 Jun 2022 -
East Med Power Politics As US & EU Officials Fly In
...ttle on its previous claim submitted to the UN in 2011, although this would still require Israel to cede 860km² of disputed waters. It is unlikely that Israel will accept Beirut’s new proposal but rising tensions and the lack of an agreement on where the maritime border between the two countries li...
Volume: 65Issue: 24Published at Fri, 17 Jun 2022 -
Syria’s Block 26 Continues To Pump As UK’s Gulfsands Waits On Standby
...lfsands’ Block 26 was one of Syria’s most promising oil assets when the war erupted in 2011, forcing the UK minnow (and every other western firm) to declare force majeure and halt operations. The firm still retains 50% of the block, with Chinese state firm Sinochem holding the other half. But since 2014 wh...
Volume: 63Issue: 24Published at Fri, 12 Jun 2020 -
Libya’s Oil Sector Feels The Strain
...oke out “due to the high temperature experienced in an electric generator” at compound 1 of the Sarir field in the Sirte basin, resulting in a production loss of around 30,000 b/d. Sarir has experienced persistent outages due to power problems since the 2011 ‘revolution’. NOC said the day before th...
Volume: 62Issue: 24Published at Fri, 14 Jun 2019 -
Gulf Countries Throw Jordan A $2.5bn Lifeline Amid Unrest
...eful economic predicament. After all, the deal, which amounts to $500mn a year, fails to even replace the $5bn aid that Jordan received from 2012-2017. Amid large-scale Arab Spring protests in 2011, Saudi Arabia, Kuwait, the UAE and Qatar provided Jordan with $5bn (including $2bn from Riyadh alone) in...
Volume: 61Issue: 24Published at Fri, 15 Jun 2018 -
Algeria Holds IOC Partners Close
...ale resources. Eni was among the companies to sign provisional deals with Sonatrach in 2011 and 2012 to explore for shale gas. However there has been vociferous local opposition, and the economics do not make sense at current oil prices. Mr Descalzi says Eni has “great ambitions to intensify its pa...
Volume: 60Issue: 24Published at Fri, 16 Jun 2017 -
Will The ‘Golden Age Of Gas’ Ever Arrive?
...The International Energy Agency in 2011 asked the question whether the world was entering a ‘golden age of gas’. It continues to flag up gas as the key “transition fuel” between a coal and oil-fuelled present and a low-carbon future, notably ahead of last December’s climate conference in Pa...
Volume: 59Issue: 24Published at Fri, 17 Jun 2016 -
LNG Supply Glut To Depress Prices For Years To Come
...Global LNG export capacity rose by 45% between 2011 and 2015 with 90% of this coming from the US and Australia. The “massive expansion” of Australian and latterly US export capacity, particularly since 2014 “just as demand slows” means “global gas prices are set to stay under pressure” for th...
Volume: 59Issue: 24Published at Fri, 17 Jun 2016 -
Iran: New NIOC Chief Tasked With Securing Foreign Investment
...sed in January, but is struggling to put in place a framework that will entice IOCs back into its upstream sector. Without international firms’ technical expertise and financing, Iran will struggle to push beyond pre-sanctions output of 3.58mn b/d in 2011. Prior to resigning, Mr Javadi was coming un...
Volume: 59Issue: 24Published at Fri, 17 Jun 2016 -
Egypt Gas: ‘Remarkable Turnaround,’But Not Quite Yet
...rrent 32GW capacity includes 46% gas-fired and 43% gas or oil) – though the share of both renewables and coal has been increasing as the country’s chronic gas shortage since 2011-12 has forced it to seek alternatives. Massive power cuts in 2012 and 2013 helped catalyse protests that led to the ov...
Volume: 59Issue: 24Published at Fri, 17 Jun 2016 -
Egypt Revisits IMF Loan As Gulf Aid Slows
...Egypt has resumed “preliminary” loan negotiations with the IMF, local daily Al-Masry Al-Youm says, citing government sources. The amount has yet to be determined but Cairo conducted drawn-out discussions with the IMF with a view to finalizing a $4.8bn loan in the aftermath of the country’s 2011...
Volume: 59Issue: 24Published at Fri, 17 Jun 2016 -
Gas Faces Long-Term Uncertainty On Cheap Coal And Renewables
...pan, the world’s largest LNG importing country, is set to taper off as nuclear plants are expected to come back online after the 2011 Fukushima accident. Meanwhile, EU countries and the US have experienced plummeting renewable energy costs, denting gas demand. The recent collapse in oil and gas pr...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
Mena Oil & Gas: Key Production/Consumption Numbers From Bp’s 2015 Statistical Review
...lance 2010 2011 2012 2013 2014 mn b/d % 2010 2011 2012 2013 20...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
Iran Touts Gas Export Progress, Plots Key Regional Role Post-Sanctions
...ian markets, including Japan, South Korea and India. A final agreement with Oman would be a major breakthrough after years of discussions. Talks on gas trade between the two countries resumed in 2011, after the collapse of a 2005 memorandum of understanding (MOU) on oil and gas cooperation. The ea...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
Egypt Taps Bond Market For First Issue In Five Years
...ability to the country after the Arab Spring uprising of early 2011 which shut out Egypt from the international debt market. The last time Egypt dipped in the international debt market was in April 2010 with the launch of a $1.5bn Eurobond. Egypt’s growth prospects began to improve after President Ab...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
Jihadist Advance Threatens Key Iraq Oil Facilities
...rmalized an already existing sectarian division in the country following the departure of US troops in 2011. Mr Maliki failed to obtain a parliamentary vote that would have allowed the cabinet to declared a state of emergency in Mosul and other areas overrun by Sunni militants, apparently without re...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014 -
IEA Sees $735Bn Investment In Evolving LNG Market Through 2035
...wn this year. More vessels will hit the water, further lowering charter rates: after reaching a high of about $150,000/day after Japan’s 2011 Fukushima Daiichi nuclear accident, rates have decreased to about $70,000/day and will likely continue on a downward trajectory. Oil & Gas Transport In...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014 -
Renewables: Turkey, UAE Make Progress But MENA Investment Lags
...e record level in 2011. Of this investment only $9bn was in the Middle East and Africa, and this includes $4.9bn from South Africa alone – less than $4bn, ie well under 2% of the global total, was in MENA (see chart). New Capacity Turkey added 112MW of geothermal generating capacity in 2013, ta...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014