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Can Oman Capitalize On Opec+ Production Deal?
...ok effect in January 2017, last week’s decision to reduce over-compliance means Oman has freedom to increase output (MEES, 22 June). The Joint Ministerial Monitoring Committee (JMMC) will “coordinate amongst the countries with spare capacity” says Saudi Energy Minister Khalid al-Falih, adding th...
Volume: 61Issue: 26Published at Fri, 29 Jun 2018 -
Sharjah Launches Debut Licensing Round
...ring 2017 which covers the whole concession area. The smaller 264km² Area B was also fully covered by 3D seismic in 2017. However, the third area, Area C, while much larger at 1,184km² only has a small area of 3D seismic shot in 2013 along the border with Area B. Any successful bidders will be re...
Volume: 61Issue: 26Published at Fri, 29 Jun 2018 -
Eni Ramps-Up Zohr, Mubadala Farms In
...this year(MEES, 12 May 2017). This will mean Cairo will be able to bring an end to LNG imports which began in April 2015. Mr Molla signalled that a six-cargo tender awarded to trading firms Trafigura, Gunvor and Vitol for deliveries in July and August will likely be the last. “I don’t th...
Volume: 61Issue: 26Published at Fri, 29 Jun 2018 -
Opec’s Monitoring Committee Takeover, Instability Promote Supply Concerns
...s expanded in November 2017 to officially include Saudi Arabia, which also shares chairmanship with Russia. The other members are Venezuela, Algeria, Kuwait and the UAE alongside non-Opec member Oman. As Saudi Energy Minister Khalid al-Falih said following the 23 June non-Opec meeting, “it just so ha...
Volume: 61Issue: 26Published at Fri, 29 Jun 2018 -
Libya Port Attacks Derail Oil Export Prospects
...December 2017), resurgent political violence has torpedoed Libya’s oil sector. Militias commanded by Ibrahim al-Jathran attacked the Ras Lanuf and Es Sider oil terminals in mid-June, causing damage that the National Oil Corporation (NOC) describes as “catastrophic.” The Libyan National Army (LN...
Volume: 61Issue: 26Published at Fri, 29 Jun 2018 -
Adnoc Joins Aramco In $44bn Indian Refining And Petchems Venture
...dian firms will hold 50% equity (IOC with 25%, BPCL and HPCL each with 12.5%). RRPCL was formed by the Indian firms in June 2017 to develop a 1.2mn b/d refinery comprising three 400,000 b/d crude distillation units (CDUs), which will be integrated with an 18mn tons/year petchems complex. While Ad...
Volume: 61Issue: 26Published at Fri, 29 Jun 2018 -
Egypt Eyes Coal-Fired Power To Reduce Gas Reliance
...$6.1bn per GW of capacity, compared with $4.4bn or $730mn/GW for the coal-fired plant, suggesting that prestige and not just fuel diversity is a factor in government’s power plan (MEES, 15 December 2017). GAZ GUZZLERS Despite the move to broaden its powergen fuel options, gas-fired capacity co...
Volume: 61Issue: 26Published at Fri, 29 Jun 2018 -
Qatar & Turkey: Brothers In Arms?
...The June 2017 Qatar embargo threw a spotlight on the deepening Doha-Ankara relationship. But trade volumes are modest, and the most ambitious contract to-date is a murky $5.2bn energy sector deal which raises more questions than answers. The 24 June re-election of Turkish President Recep Ta...
Volume: 61Issue: 26Published at Fri, 29 Jun 2018