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Syria Signs Socar Gas MoU, While Israel Launches Airstrikes
...24). Restoring Syria’s electricity sector, which provided 24/7 service before the outbreak of civil war in 2011 but now manages just a few hours a day in many regions, is a key pillar of the new government’s social contract with the population. Turkey is certainly playing its part in helping the new le...
Volume: 68Issue: 29Published at Fri, 18 Jul 2025 -
Libya Oil Outages Highlight Continued Instability
...vel with late-2019 as the highest monthly figure since February 2014 (see chart 3). 1: LIBYA’S CRUDE OUTPUT LEVELS HAVE BEEN HIGHLY VOLATILE SINCE THE EARLY 2011 REVOLUTION (‘000 B/D)… *AS PER OPEC ASB FOR SOME YEARS (INCLUDING 2022) THIS DOES NOT TALLY WITH NOC’S BY-CONCESSION FIGURES. NA...
Volume: 66Issue: 29Published at Fri, 21 Jul 2023 -
Tunisia Set To Return To The Past With New Constitution
...Tunisian President Kais Saied is pushing ahead with a new constitution which is set to reverse almost all the democratic gains of the 2011 revolution. Meanwhile, the economy is crashing. Tunisia is set to cap a decade-long experience with democracy on 25 July. President Kais Saied’s new ‘on...
Volume: 65Issue: 29Published at Fri, 22 Jul 2022 -
Morocco’s Disputes With Algeria & Spain Heat Up As Pipeline Deadline Looms
...Algeria’s gas exports, for 2013-18. Though volumes dipped for 2019 and 2020 they are back at around this level for 2021. GME is not the only Algeria-Spain pipeline connection. A direct Algeria-Spain route, the 8bcm/y capacity Medgaz, started operations in 2011 (see map). Currently, the 54...
Volume: 64Issue: 29Published at Fri, 23 Jul 2021 -
Israeli Utility IEC Bags Price Cut For Tamar Gas
...ke or pay volume of 3bcm/y under a 15-year deal signed back in 2012, although this was due to carry forward volumes. This contract set a fixed base price of $5.042/mn BTU as of 2011 with subsequent annual adjustment according to US inflation (CPI) plus 1%, switching to minus 1% from 2020. By 2020 th...
Volume: 64Issue: 29Published at Fri, 23 Jul 2021 -
Israel’s Delek Drilling Eyes $2.5bn Leviathan RBL Facility
...so has around 26% (22% directly, 3.8% indirectly – see chart) of 11.9tcf Tamar which it is obliged to sell by end-2021 under a 2016 anti-trust ruling (MEES, 19 August 2016). The firm’s only other significant assets are 30% of Cyprus’ undeveloped 4.1tcf 2011 Aphrodite discovery (MEES, 26 June), and th...
Volume: 63Issue: 29Published at Fri, 17 Jul 2020 -
Algerian Gas To Italy & Spain Sees First Half Crash
...rst half, the lowest figure since Medgaz’ 2011 start up. Algeria is uneasy with the fact that the Moroccan section of the GME reverts to Rabat’s control next year. In anticipation of this, state-oil giant Sonatrach purchased a controlling stake in the Medgaz pipeline earlier this year and is wo...
Volume: 63Issue: 29Published at Fri, 17 Jul 2020 -
Saudi Oil Sector Feeling The Strain Of Opec Cuts
...fined products have averaged just 290,000 b/d this year, against 913,000 b/d for 2018 as a whole. If this persists over the course of the year, it would be the smallest rate of imports since 2011. Despite this and the recent decline in refining run rates, exports of refined products remain co...
Volume: 62Issue: 29Published at Fri, 19 Jul 2019 -
Sudans Hope For Output Gains From Cooperation
...transit payments for the use of Sudan’s oil export infrastructure and overdue payments towards the $3.028bn agreed in compensation for Sudan’s loss of oil resources and infrastructure when the south became independent in July 2011. But Mr Gatkouth’s claim always appeared based on some overly op...
Volume: 61Issue: 29Published at Fri, 20 Jul 2018 -
Bahrain’s Troubled Banking Sector Set For Turbulent Times
...Once seen as the Middle East’s banking center, Bahrain’s financial sector is in terminal decline. Seeking to finance its budget deficits, Manama has increasingly turned to its banks and their credit profiles are now inescapably intertwined. Since the outbreak of the Arab Spring in 2011, Ba...
Volume: 61Issue: 29Published at Fri, 20 Jul 2018 -
Saudi Products Exports At Record Highs
...nce June 2014, while total oil stocks of 320.0mn barrels were the lowest since December 2011. Aramco’s push to expand its products exports means that it is becoming a bigger customer for its own crude. The company’s 2.86mn b/d of refining capacity is scheduled to get a 400,000 b/d boost beginning la...
Volume: 61Issue: 29Published at Fri, 20 Jul 2018 -
Saudi Gas Boost Cuts Oil Burn, Saving More For Export
...ile crude export volumes have been fairly static (give or take seasonal variations) averaging 7.4mn b/d since late 2011, the same cannot be said for product exports which have more than doubled to 1.4mn b/d over the same period, averaging 16% of total Saudi crude and products exports over the same pe...
Volume: 59Issue: 29Published at Fri, 22 Jul 2016 -
India’s Key Crude Suppliers 2009-15*: Iran Slides From Second To Seventh Spot (‘000 B/D)
...12-13 2011-12 2010-11 2009-10 rank Saudi Arabia 695 1 -91 +157 786 69...
Volume: 58Issue: 29Published at Fri, 17 Jul 2015 -
Egypt Petchems Plans Continue To Expand As Tahrir Gets Styrene Plant
...0,000 t/y Jet-kero/reformate EMethanex (2011 - methanol) Damietta 1,000 1.3mn t/y 110mn cfd methane EPP (2011 - propylene & polypropylene) Port Sa...
Volume: 58Issue: 29Published at Fri, 17 Jul 2015 -
Libya: Oil Boost Hopes Fizzle Out Amid Hollow ‘Peace Deal’
...cretary-general’s special representative for Libya, Bernardino Leon, celebrated the deal but recognized its limitations. “This act signaled the adoption of a framework for further talks. It has brought the country one step closer to ending the conflict and fulfilling the goals of the 2011 revolution,” he to...
Volume: 58Issue: 29Published at Fri, 17 Jul 2015 -
Saudi Taps Domestic Market For $4bn Amid Soaring Deficit
...12 2011 Revenue 747 715 1046 -331 -30.4 1131 1239 1110 o/w Oi...
Volume: 58Issue: 29Published at Fri, 17 Jul 2015 -
Iran Fronts Syria $1Bn
...pport to Syria has been essential since the beginning of the Syrian uprising, which began in early 2011. It continues to offer a lifeline of economic support in the form of oil supplies and credit. In 2014 Iran’s oil deliveries to Syria ranged between 50,000 b/d and 70,000 b/d, probably free of charge (ME...
Volume: 58Issue: 29Published at Fri, 17 Jul 2015 -
Libya: Stability Under Threat As Oil Output Recovers
...low a return to full capacity. Prior to the civil war that dislodged Mu’ammar Qadhafi in 2011, Libya was producing 1.6mn b/d. After the fighting, during which operations ceased, output rebounded beyond initial expectations, and was back at around 1.5mn b/d when the PBC and western protestors again fo...
Volume: 57Issue: 29Published at Fri, 18 Jul 2014 -
Jordan Approves Shale-Fired Power, Mining Project
...pplies became intermittent after the collapse of the Mubarak regime in 2011. This forced an even greater reliance on imported oil for power generation – nearly 90% in 2012 compared with less than 60% in 2009 – and sped up the ministry’s pursuit of fuel diversity. Ambitious Plans Jordan cu...
Volume: 57Issue: 29Published at Fri, 18 Jul 2014 -
MENA Energy Subsidies: Some Progress But Much More To Do-IMF
...port, ‘Subsidy Reform in the Middle East and North Africa: Recent Progress and Challenges Ahead,’ questions whether Egypt has properly laid the ground for such reform. MENA: 48% Of Global Total MENA countries spend much more on subsidies than other regions: for 2011 the cost was $237bn, 48% of th...
Volume: 57Issue: 29Published at Fri, 18 Jul 2014