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Gas In The Gulf: Cooperation Is Limited
...om Iran. This resulted in a significant increase in reported flows that month (see chart 3). Since 2017, Iran has also exported gas to Iraq through two pipelines, but flows have become increasingly unreliable due to Iran’s own gas shortages as domestic demand has increased. Exports to Iraq peaked at...
Volume: 68Issue: 24Published at Fri, 13 Jun 2025 -
Egypt Drilling At 2-Year Low As Oil & Gas Output Continue Downward Spiral
...vestment (MEES, 10 May) – Egypt’s overall April output of 5.115bn cfd was the lowest since November 2017, that is to say just before Zohr start-up. *The output slump has left Egypt in acute gas deficit and the country reliant on imports from Israel (see column). As such a 10-day shutdown to 1.1bn cf...
Volume: 67Issue: 24Published at Fri, 14 Jun 2024 -
Oman LNG Bounces Back Following Maintenance Work
...mpletely changed the supply picture when it started up in 2017 (MEES, 29 September 2017). The 500mn cfd second phase Ghazeer came online in October 2020 (MEES, 16 October 2020), while the likes of Shell, Total and Eni have all taken up Khazzan-like acreage in recent years in a bid to replicate BP’s su...
Volume: 65Issue: 24Published at Fri, 17 Jun 2022 -
Baghdad Wary That BP Is Looking To Exit Iraq
...mpany (BOC) does not hold a share of ROO, it is contractually the owner of the field. Since 2017, BOC has seconded almost 5,800 employees to ROO. ROO plays a huge role in Basra’s economy, and employs 22,000 people “via contractors who support Rumaila’s activities through a large supply chain” according to...
Volume: 64Issue: 24Published at Fri, 18 Jun 2021 -
Gulf Keystone Provides Timely Boost To KRG Oil Sector
...ich is supplemented by a heavier 250 meter column of 14-22°API crude (MEES, 10 March 2017). Shamaran’s latest presentation says that the firm expects to “generate quarter-on-quarter production growth with increasing contribution of heavy oil.” OUTPUT GETS HEAVIER The KRG has been de...
Volume: 64Issue: 24Published at Fri, 18 Jun 2021 -
Iraq: Qayara Restarts With 10,000 B/D Trucked To Kirkuk Refinery
...st $2/B (MEES, 11 September 2020). The difficult-to-handle grade was also blamed for inflicting infrastructure damage. With the nearby 14,000 b/d Qayara Refinery offline since March according to local media, output is most probably being trucked to the 56,000 b/d Kirkuk Refinery partly refurbished in 2017...
Volume: 64Issue: 24Published at Fri, 18 Jun 2021 -
Iraq Fights For Survival Amid Growing Pressure To Slash Oil Output
...severe underinvestment. Iraq is certainly in dire need of revenues, and as last year’s protests showed, the state of social services is a life-or-death matter (MEES, 8 November 2019). On the other hand, Iraq’s situation did improve considerably over 2017-19, with oil revenues up and the Is...
Volume: 63Issue: 24Published at Fri, 12 Jun 2020 -
New Iraqi Oil Minister Inherits A Sector In Flux
...mense challenges facing the country. 46-year-old Ihsan Ismaael takes over as Oil Minister replacing the veteran Thamir Ghadhban, and looks to be a strong choice to oversee Iraq’s all-important oil and gas industry. As former Basra Oil Company (BOC) Director General (2017-2020), Mr Ismaael was a cl...
Volume: 63Issue: 24Published at Fri, 12 Jun 2020 -
Egyptian Med: Ha’py Days For Eni As Virgin Acreage Attracts Major Interest
...the Mena Congress in Cairo this week. In its 2017-18 annual report Egas delineated 11 possible blocks that could be put on offer (MEES, 25 January). But the official tells MEES that the state-run firm has changed the shape of the area and the size of some of the blocks with Norwegian firm PGS ha...
Volume: 62Issue: 24Published at Fri, 14 Jun 2019 -
KRG To See Output Increase From Smaller Fields
...gion are increasingly willing to reinvest. The results are beginning to show. Russia’s Gazprom Neft plans to drill a third well at its Sarqala field in Q3, wrapping up Phase-1 development which has seen output rise from 5,000 b/d in early 2017 to more than 21,000 b/d now; 30,000 b/d by early 2019 looks em...
Volume: 61Issue: 24Published at Fri, 15 Jun 2018 -
US Shale Output Soars But Permian Productivity Falling
...ODUCTIVITY STEADY DESPITE DOUBLING OF RIG COUNT OVER LAST 5 MONTHS 3: BAKKEN: RIG COUNT REMAiNS AT JUST 20% OF 2012 PEAK *FOR NEW WELLS. SOURCE: EIA DPR, JUN 2017. US SHALE OUTPUT FORECASTS (MN B/D, BY DATE OF FORECAST) 4: OVERALL US SHALE OUTPUT* RE...
Volume: 60Issue: 24Published at Fri, 16 Jun 2017 -
Algeria: New Energy Minister Faces Revenue Meltdown, Political Uncertainty
...NA economies. The IMF has the Algerian economy contracting by 3.9% in 2015, 3.4% in 2016 and 2.9% in 2017 – a cumulative contraction of almost 10%. Financial reserves remain high, at $143bn, though they fell at rapid pace from their 2013 peak of $192bn. They will likely deplete further this year. AL...
Volume: 59Issue: 24Published at Fri, 17 Jun 2016 -
Bahrain Eyes Sitra Bids
...early October with a view to awarding the engineering, procurement and construction contract in the first half of 2017, according to Reuters. The news agency cited industry sources as estimating the cost of the project at about $5bn. The report lists consortia planning to submit bids as: Ja...
Volume: 59Issue: 24Published at Fri, 17 Jun 2016 -
Iran: Gas Plans Progress But Exports A Distant Prospect
...rector of Pars Oil and Gas Company (POGC) Ali Akbar Shabanpour said Phases 17 & 18 will come online in the second half of 2016. They are slated to produce 1.8bn cfd (18 bcm/year). State news agency Shana reported on 11 June that drilling at Phases 20 & 21 is complete and will be online by March 2017, br...
Volume: 59Issue: 24Published at Fri, 17 Jun 2016 -
Iraq Lowers Sights On Capacity As Reality Sets In
...nstraints are ignored, is likely to stagnate till at least 2017 if not beyond. But Mr ‘Abd al-Mahdi says that the cost cuts will not have a material impact on production capacity, which will be maintained at current levels. However, some of the foreign oil companies present at a London conference on 9 Ju...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
Egypt On Road To Gas Recovery After Years of Stagnation
...ssive task, given that this is 16% above current output, with no new developments slated to come onstream in the meantime. The IEA projects output will edge higher to 52 bcm in 2018 – following the start up in late 2017 of the BP-led $12bn West Nile Delta (WND) project (MEES, 27 March). Output is slated to...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
IEA Cuts Mideast Gas Demand And Production Outlook
...untry can export 65 bcm/year by 2017 (MEES, 5 June). The Algerian government has reported domestic consumption at 38 bcm for 2014 (MEES, 27 March). The political volatility in Libya further clouds North Africa’s ability to sustain – let alone increase - exports to key customers in Europe. “The good ne...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
Gas Shortage Leaves Iranian Petchem Plants Idle
...trochemical plants linked by Iran’s under-construction 2.5mn t/y West Ethylene Pipeline (MEES, 16 May). But, with additional gas from South Pars only likely to come onstream in late 2017 at the earliest (MEES, 6 June), the gas shortage for Iran’s petrochemicals sector and resultant overcapacity will get worse be...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014 -
IEA: Middle East Gas Output Set For Strong Growth But Outpaced By Demand
...m) chg '13-'19 2000 2010 2013 2015 2017 2019 BCM % Middle East* De...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014