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BP Sets Sights On Expanded Libya Operations With New MoU
...riodically expressed a desire to exploit over the past decade (MEES, 30 May 2014). In 2014, NOC’s then-chairman Mustafa Sanalla spoke optimistically about Libya’s unconventional oil and gas potential. He said that “a lot of homework will be done to evaluate these resources,” but since then NOC has lacked the re...
Volume: 68Issue: 28Published at Fri, 11 Jul 2025 -
Algeria’s Finances: Oil Revenue Windfall To The Rescue
...After years of low oil prices and dwindling state coffers Algeria is set for its best year since 2014 in terms of oil export revenues. Algeria’s state finances are on the up on the back of surging oil prices which have already resulted in a 75% increase in gross oil export revenues in...
Volume: 65Issue: 28Published at Fri, 15 Jul 2022 -
China Puts Oil Center Stage Of Middle East Strategy
...rvices arm Sinopec International Petroleum Service Corp. The firm this month signed a $1.06bn five-year contract, extendable by one year, with another KPC subsidiary KOC. Sinopec’s service arm first entered Kuwait in 2008 and this latest deal effectively replaces a $1.15bn 2014 contract. The UAE wa...
Volume: 61Issue: 28Published at Fri, 13 Jul 2018 -
Kuwaiti Oil IPOs: An Unlikely Prospect
...eld, after having previously secured a TSA to work on the field in November 2014 and in March announced a vague agreement “to study opportunities for joint investment” domestically and internationally (MEES, 1 April). Shell meanwhile has one ETSA to develop the heavy Ratqa field – which will de...
Volume: 59Issue: 28Published at Fri, 15 Jul 2016 -
Dana Gas, KRG Cross Swords
...the fields, will be heard in early 2016. Meanwhile, Dana Gas says, the KRG still remains in default of the Arbitral Tribunal’s Peremptory Order of October 2014 to pay the consortium $100mn on an interim basis, forcing the consortium to seek English Court enforcement of this order, it says. A he...
Volume: 58Issue: 28Published at Fri, 10 Jul 2015 -
Sabic Taps Korean Tech
...ES, 20 June 2014). The Korean plant produces linear low-density polyethylene (LLDPE), polyolefin plastomers and polyolefin elastomers using metallocene catalysts. Sabic sees growing demand for these materials in the flexible packaging, industrial and agricultural films, automotive, footwear, me...
Volume: 58Issue: 28Published at Fri, 10 Jul 2015