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Israel-Iran Conflict Exposes East Med Gas Interdependence
...d blockade of Qatar between 2017-2021. Since then, relations have improved and Doha deposited $5bn in Egypt’s Central Bank in 2023 to help its ailing economy. In the energy sector, QatarEnergy has been slowly expanding its Egyptian upstream footprint since first entering in 2021 (MEES, 15 November 20...
Volume: 68Issue: 27Published at Fri, 04 Jul 2025 -
Kuwait Banks On Burgan Boost To Hit 3.2mn B/D
...test target is a downgrade from late-2021’s ambition of hitting 3.5mn b/d by 2025 (MEES, 29 October 2021). The bulk of Kuwait’s crude oil capacity comes from Kuwait Oil Company’s (KOC) operations. KOC capacity peaked at 3.15mn b/d in 2017/18, but slumped to just 2.629mn b/d by 2020/21 (MEES, 22 Oc...
Volume: 66Issue: 27Published at Fri, 07 Jul 2023 -
Oman Gas Reserves Upped 7% To 24tcf
...an’s 54,000 b/d Block 5 (MEES, 21 January). RECORD BREAKING GAS OUTPUT The latest reserves figure is only slightly below the record 25 TCF figure recorded for 2018 following discovery of BP’s giant Khazzan field on Block 61. Khazzan, which started up in 2017, is the centerpiece of Oman’s ga...
Volume: 66Issue: 27Published at Fri, 07 Jul 2023 -
QP, Exxon Ramp Up Barzan Gas Output
...e onshore processing facilities, which has forced a complete rebuild. The Barzan partners had eyed 2017 start-up until they detected a gas leak in the offshore pipeline network. QP CEO Saad Sherida al-Kaabi told MEES in late 2017 that “we have had issues with the pipeline. That is not a secret. Th...
Volume: 64Issue: 27Published at Fri, 09 Jul 2021 -
Adnoc Shuts Onshore Bab Field For Maintenance
...the latest 370,000 b/d figure indicates that it was running around 50,000 b/d below capacity prior to shut-down. Adnoc is working to expand capacity at Bab from 420,000 b/d to 450,000 b/d under a contract awarded in 2017 to CPECC, the engineering subsidiary of Chinese state firm CNPC (MEES, 17 No...
Volume: 63Issue: 27Published at Fri, 03 Jul 2020 -
Oman LNG Exports Dip In 1H 2020 Ahead Of Capacity Expansion
...rean buyers holding the rest). Production jumped from 8.60mn tons in 2017 to 10.4mn tons in 2018 – matching nameplate capacity – and last year the firm’s three LNG trains produced a record 10.7mn tons. “We reaped the rewards from investments in rejuvenation, debottlenecking, and the power project,” oi...
Volume: 63Issue: 27Published at Fri, 03 Jul 2020 -
Baghdad-Erbil Oil Sharing Dispute Heats Up
...en Mr Abd al-Mahdi was oil minister (MEES, 5 December 2014). The deal didn’t last long as Iraqi funds failed to make their way to Erbil. Relations hit rock bottom when Iraqi Kurdistan voted to secede from Iraq in 2017 (MEES, 29 September 2017), and federal forces retook territories that included 28...
Volume: 62Issue: 27Published at Fri, 05 Jul 2019 -
BP Boosts Tortue Reserves With Drilling Success
...arf even Tortue (MEES, 14 December 2018). However, though BP reckons Greater BirAllah is potentially the biggest of the three planned hubs, at least for the moment Yakaar Teranga is ahead in the development stakes, with two successful wells drilled: Teranga-1 in May 2016 and Yakaar-1 in June 2017, bo...
Volume: 62Issue: 27Published at Fri, 05 Jul 2019 -
Iraq Oil Revenues Soar But Stretched Southern Export Capacity Caps Gains
...en monthly earnings averaged $7.84bn (see chart).If achieved, this would be a 40% increase on last year’s $59.32bn, itself a 36% gain on 2016. 2017’s oil revenue gains helped Iraq secure a rare budget surplus of ID1.79 trillion ($1.52bn) according to data from the Ministry of Finance, a major tu...
Volume: 61Issue: 27Published at Fri, 06 Jul 2018 -
Saudi-Kuwait Neutral Zone: Supply Concerns Spur Restart Rumors
...CI) contract in 2015 for work at the Hout field. The work was scheduled for completion in 2Q 2017, but had yet to be finished at end-Q1. Meanwhile, vessel tracking site Marine Traffic shows two Saudi-flagged jackup rigs were this week at the Khafji field, including one which arrived on 3 July. Wh...
Volume: 61Issue: 27Published at Fri, 06 Jul 2018 -
Libya Oil Output Breaches 1mn B/D
...25mn b/d (MEES, 10 February). 1: LIBYA CRUDE OUTPUT IS AT THE HIGHEST LEVEL IN 4 YEARS (‘000 b/d)... SOURCE: MEES ESTIMATES. 2: …BUT 2017’S INCREASES LAG THOSE TARGETED BY NOC AT THE START OF THE YEAR ^MABRUK OUTPUT REFERS TO JURF OFFSHORE FIELD, OPERATED BY THE NOC/TOTAL MA...
Volume: 60Issue: 27Published at Fri, 07 Jul 2017 -
Egypt Gas Output Hits 3-Year High In May, Target 2018 Self-Sufficiency
...diterranean (WND) and the onshore Nile Delta (Nooros – see chart 2). These gains mean Egypt will “soon” be able to meet 90% of its fuels needs from domestic sources, Mr Molla says. 2017 gas output will likely average around 5bn cfd, still well short of 6bn cfd demand (up from 5.75bn cfd last year) with the de...
Volume: 60Issue: 27Published at Fri, 07 Jul 2017 -
Iraq: Bumper Oil Export Volumes Cushion Impact Of Oil Price Drops
...ficial KRG provinces. But even without the KRG-controlled volumes, the projected 2017 revenue figures are good enough not only to overtake 2016 earnings, but 2015 too. They are, however, still less than 60% of the record-setting 2012, when Iraq took in an average $7.8bn each month. Although Iraq ha...
Volume: 60Issue: 27Published at Fri, 07 Jul 2017 -
Egypt Hopes To Attract IOCs To Its Western Mediterranean Waters
...yptian gas is set to remain on a downward trajectory until late 2017 when the BP/Dea $12bn West Nile Delta (WND) project is set to start up (MEES, 27 March). Output is slated to ramp up to 1.2bn cfd by 2018, the equivalent of more than a quarter of current output. Egypt is looking to plug the gap be...
Volume: 58Issue: 27Published at Fri, 03 Jul 2015 -
Egypt’s LNG Imports Face Delays
...d minority partner RWE-Dea. Wnd Boost After experiencing some delays, the project is now on track for coming online in 2017, Egypt’s Petroleum Minister Sharif Isma’il told the press last week. Talks for a comprehensive final agreement on the project are ongoing, according to Mr Molla. “We...
Volume: 57Issue: 27Published at Fri, 04 Jul 2014 -
BG Signs Deal To Pipe Israeli Gas To Egyptian LNG Plant
...s over a 20-year period once Leviathan begins production. The Leviathan partners, Houston-based Noble (operator with 39.66%) and Israeli firms Delek (45.34%) and Ratio Oil (15%), are looking to finalize a development plan this year with a view to produce first gas from late 2017, although MEES views su...
Volume: 57Issue: 27Published at Fri, 04 Jul 2014