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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 -
Adnoc Targets Big Gains From Transformational Foreign Partnerships
...reamlining of subsidiaries in 2017 (MEES, 20 October 2017). Equally notable is the revolution underway in reshaping Adnoc’s partnerships with foreign oil firms. The number of such firms partnered with Adnoc in its upstream operations has soared from 12 in 2014 to 17 currently (see chart 1). Moreover, th...
Volume: 62Issue: 24Published at Fri, 14 Jun 2019 -
UAE Gas Production, Consumption Rise To Record Levels
...2018, despite imposing an embargo on its neighbor in June 2017 (MEES, 9 June 2017). Qatari stats show that the emirate exported $1.41bn worth of goods to the UAE in 2018, the bulk of which will have comprised gas supplies through the Dolphin consortium’s pipeline (Abu Dhabi state firm Mubadala 51...
Volume: 62Issue: 24Published at Fri, 14 Jun 2019 -
Opec Faces Extended Demand Slump
...mand for Opec crude peaked at 32.55mn b/d in 2017, more than 3mn b/d above the 2020 forecast. Will this peak ever be regained? *The bright side for Opec is that the IEA projects that global demand growth will accelerate in 2020 to its highest level since 2017. The IEA sees demand growth ri...
Volume: 62Issue: 24Published at Fri, 14 Jun 2019 -
Iran Looks To Protect Lucrative Petchems Earnings From Tightening US Sanctions
...reements with foreign firms for a variety of petchems plants (MEES, 11 August 2017 and MEES, 17 March 2017). Among the firms signing agreements, Denmark’s Haldor Topsoe has since closed its Tehran office (MEES, 31 August 2018), while the other seven projects have not progressed further. One of these wa...
Volume: 62Issue: 24Published at Fri, 14 Jun 2019 -
Dubai Looks To Clean Up Powergen Act With 2050 Plan
...r later release to turbines (MEES, 16 June 2017). The flagship project in Dewa’s solar program is the 5GW MBR Solar Park under development 50km south of Dubai city at Seih al Dalal. In March Dewa invited developers to submit qualification documents for an independent power producer (IPP) project fo...
Volume: 62Issue: 24Published at Fri, 14 Jun 2019