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  1. Iraq Oil Revenues Soar But Stretched Southern Export Capacity Caps Gains

    ...port revenues – the first time since August 2014 that Iraq has recorded back-to-back months in excess of $7bn. MEES estimates that if export volumes and prices remain stable throughout 2018, Iraq’s annual earnings will be close to 2014’s $84.12bn, though still well shy of 2012’s record $94.03bn wh...

    Volume: 61
    Issue: 27
    Published at Fri, 06 Jul 2018

  2. Saudi-Kuwait Neutral Zone: Supply Concerns Spur Restart Rumors

    ...2012, falling to 255,000 b/d in 2013 and just 140,000 in 3Q 2014, the last full quarter of production (see chart). Meanwhile, the PNZ’s onshore portion is managed by a JV of KGOC and Saudi Arabian Chevron. Output here averaged 190,000 b/d in 1Q 2015 before operations were halted that May (ME...

    Volume: 61
    Issue: 27
    Published at Fri, 06 Jul 2018

  3. Lebanon’s Recurring Power Nightmare

    ...cording to the United Nations Development Program (UNDP). The country continued its push for an LNG import tender (MEES, 4 April 2014), but the political crisis beset on the nation from 2014-16 scuttled the effort. Immediate relief from the overpriced Turkish powerships looked the only feasible op...

    Volume: 61
    Issue: 27
    Published at Fri, 06 Jul 2018

  4. $11bn Egypt Petchems Project Belatedly Green Lighted

    ...onomic zone will also likely boost Suez Canal revenues, which in 2017 amounted to $5.28bn, second only to the record $5.47bn  in 2014 (MEES, 19 January). The Tahrir project will be part financed by a $5.4bn debt package. Carbon Holdings says it is “at an advanced stage of securing financing” from ex...

    Volume: 61
    Issue: 27
    Published at Fri, 06 Jul 2018

  5. Egypt Indicators Show Recovery Is Gathering Pace

    ...arter of 2016. It has since risen steadily with Q1-3 2017-18 revenue of $7.25bn up 155% year-on-year. The Suez Canal, another source of much needed income for Cairo, also saw revenue dip in 2016, to $5.005bn versus 2014’s record $5.465bn. But the growth in shipments of US oil and LNG to Asia has pr...

    Volume: 61
    Issue: 27
    Published at Fri, 06 Jul 2018