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Qatar Crude Exports Remain Firm As Neighbors Make Deep Cuts
...ws. That Qatar has been under an embargo from Saudi Arabia, UAE and Bahrain since June 2017 is an added dimension that won’t be lost on any of its neighbors (MEES, 9 June 2017). The friction between Qatar and Opec’s dominant forces undoubtedly played a key role in Qatar’s 2018 decision to quit Opec (ME...
Volume: 63Issue: 28Published at Fri, 10 Jul 2020 -
Tethys Oil Expands In Oman With Extra Southern Block
...opted a similar strategy with blocks 49 and 56. Tethys acquired a 100% interest EPSA for Block 49 as part of Oman’s 2017 bid round, launching a 3D seismic campaign a year later (MEES, 14 December 2018). Per its Q1 report, Tethys says there have been no changes to 2020 plans to commence drilling – the 4,...
Volume: 63Issue: 28Published at Fri, 10 Jul 2020 -
Israel Gas Market: Competition Heats Up, Litigation Abounds
...21 to sell the remainder of its current 22% stake (MEES, 30 June 2017). At Leviathan they have 39.66% and 45.34% respectively (see charts). This gives Noble, and especially Delek, a strong incentive to favor sales of gas from Leviathan over Tamar. Noble and Delek collectively have 47% of Tamar, ri...
Volume: 63Issue: 28Published at Fri, 10 Jul 2020 -
Taiwan Crude Imports: Total & Mideast Volumes Stay Low
...cluded 236,000 b/d from Saudi Arabia, just above the quarterly low set in 2017. Saudi 1H 2020 volumes of 266,000 b/d were down 10% year-on-year despite record monthly arrivals of 475,000 b/d in February. Given the size of the overall fall in volumes, supplier countries chalking up sizable gains this ye...
Volume: 63Issue: 28Published at Fri, 10 Jul 2020 -
Saudi Plans World-Beating $5bn ‘Green Hydrogen’ Project For Neom Future City
...abia’s now-Crown Prince Muhammad bin Salman to great fanfare in 2017 with a $500bn price tag (MEES, 27 October 2017). Whether it ever comes close to achieving its grandiose aims is unclear, but there is at least now movement towards developing innovative industries at the site. No-one can accuse Neom of...
Volume: 63Issue: 28Published at Fri, 10 Jul 2020 -
Iran Exports: Gas & Petchems Become Key Revenue Streams As Crude Falters
...Since 2018, Iran’s economy has suffered as US sanctions caused Iranian crude and condensate exports to collapse. Oil and gas revenues brought in just $8.9bn for the last Iranian calendar year (March 2019-2020), versus $27.8bn in 2017-2018 – the last year before the renewed sanctions took ef...
Volume: 63Issue: 28Published at Fri, 10 Jul 2020