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Baghdad-Erbil Oil Sharing Dispute Heats Up
...$13.4bn to the KRG. Kurdish crude tends to sell at an $8/B discount to Iraq crude export price, so at a $54.50/B selling price (the year-to-date average) 250,000 b/d works out to $5bn over 2019. The initial agreement to hand over Kurdish crude in return for revenues was struck in late 2014 wh...
Volume: 62Issue: 27Published at Fri, 05 Jul 2019 -
‘Working 25/7’: Libya’s Oil Chief Sanalla Sits Down With MEES
...ofessed neutrality. A: The position of NOC is very clear. Since the division of the country in 2014 our focus has been solely on sustaining production. This is our vision, our strategy. We are not assigning any blame to any party in this conflict. The NOC is neutral and non-partisan. Our goal and mi...
Volume: 62Issue: 27Published at Fri, 05 Jul 2019 -
UEG Shuffles Kec Yemen Assets
...ergy said it completed the transaction “to sell entire shares of Kuwait Energy Yemen Limited for a cash considering of US$1.” Blocks 5 and 43 in Yemen produced a combined 4,720 b/d in 2013 and 4,460 b/d in 2014 but have been under force majeure since 2015. Kuwait Energy produced 28,000 b/d net in 20...
Volume: 62Issue: 27Published at Fri, 05 Jul 2019