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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 -
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 -
Oryx Aims For 200KBD
...e KRG capital of Irbil, brings together Oryx (65%), the KRG (20%) and Korea’s state-owned KNOC (15%). Oryx was undeterred by what KRG oil sources describe as a very high signature bonus, when it fought off stiff competition to take over Hawler operatorship from Norbest in August 2011. Development ha...
Volume: 56Issue: 29Published at Fri, 19 Jul 2013 -
Desperate Iran Scrambles For Oil Revenues
...ter discussions between Delhi and Tehran to find an alternative means proved fruitless. India had, since July 2011, been paying in euros to clear around 55% of its purchases of Iranian oil through Turkish Halkbank, while the remaining 45% was remitted in rupees through the Calcutta-based UCO ba...
Volume: 56Issue: 29Published at Fri, 19 Jul 2013