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Iraq Crude Output Gets Pipeline Repair Boost
...om the current 200,000 b/d. Daura is the second largest operational Iraqi refinery after the 210,000 b/d Basra refinery – following the destruction of the 310,000 b/d Baiji plant by the Islamic State (IS) in 2014. The government is working on rehabilitating Baiji, but progress is slow. The re...
Volume: 61Issue: 24Published at Fri, 15 Jun 2018 -
Algeria: Total, Repsol Recommit But More Investment Needed
...e Algerian upstream to be attractive to IOCs, it is probably about right – Algeria spectacularly failed to attract investors in its last bid round in mid-2014 when prices were $100/B (MEES, 3 October 2014) Just four of 31 blocks were awarded. Boughezoul, in the north of the country, went to Re...
Volume: 61Issue: 24Published at Fri, 15 Jun 2018 -
Aramco Downstream Strategy: Plastic Fantastic As Sadara Park Ramps Up
...luria to realize the value of these processes.” Siluria is part-owned by Aramco after a $30mn 2014 investment by Saudi Aramco Energy Ventures (29 August 2014)....
Volume: 61Issue: 24Published at Fri, 15 Jun 2018 -
Markets Face Precarious 2019 Amid Supply Uncertainty
...The IEAs’ first oil market outlook for 2019 highlights both the uncertainties surrounding next week’s Opec meeting in Vienna and the toll that the 2014 oil price slump has taken on the group. Although the largest producers in the Opec+ agreement want to boost output, the need for unanimity wi...
Volume: 61Issue: 24Published at Fri, 15 Jun 2018 -
US Output Set For Record 2mn B/D 2018 Growth; 2019 Forecasts Trimmed On Pipeline Constraints
...ble). • NGLs output is also slated to grow by almost 600,000 b/d to 4.33mn b/d for 2018, taking total 2018 oil output to a whopping 15.12mn b/d. This smashes 2017’s previous annual record of 13.09mn b/d, whilst forecast year-on-year gains of 2.03mn b/d top 2014’s previous record of 1.75mn b/d. • But, wh...
Volume: 61Issue: 24Published at Fri, 15 Jun 2018 -
Gulf Countries Throw Jordan A $2.5bn Lifeline Amid Unrest
...financial and development aid over a five-year period (MEES, 25 January 2013). Agreements to disburse some of this aid were signed in early 2013, and some funds were actually allocated to specific development projects. But the flow of GCC aid slowed with the 2014 crash in oil prices. With the re...
Volume: 61Issue: 24Published at Fri, 15 Jun 2018