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US Sanctions On Vs Oil Terminal Give Iraq A Headache
...ll as Iraqi oil” in the past through AIS signal spoofing in the Gulf. Iraqi authorities are investigating whether any volumes had been sold to either of the two companies in recent months. Between 2017 and 2019, Mr Said’s UAE-based Al-Iraqia Shipping Services & Oil Trading FZE (AISSOT) was given ex...
Volume: 68Issue: 29Published at Fri, 18 Jul 2025 -
Oman Unveils 2021 Upstream Bid Round
...ospect, which had been slated for 2020, appears to have been dropped amid the Covid-19 pandemic. The relinquishment “after an unsuccessful exploration programme” marks Mol’s departure from Oman after having relinquished Block 43B in 2014 (MEES, 31 March 2017). BLOCK 23: OFFSHORE APPETITE? Th...
Volume: 64Issue: 29Published at Fri, 23 Jul 2021 -
Israel’s Delek Drilling Eyes $2.5bn Leviathan RBL Facility
...ble and Delek have struggled to overcome geopolitical headwinds to fulfill the field’s full potential. It took seven years from 2010 discovery before FID was finally taken in 2017. And this was for a greatly scaled back 12bcm/y (1.2bn cfd) development, little more than a third of planned 3.2bn cfd ou...
Volume: 63Issue: 29Published at Fri, 17 Jul 2020 -
Egypt: Ain Sukhna Hub Plans Gather Pace
...pacity is rising to 7.2mn barrels (see p7). This also includes expansion at Sidi Kerir, where Aramco is to lease 222,000 m³ of gasoil storage. EGPC receives roughly 500,000 barrels per month of crude oil from Saudi Aramco, under a deal which began in late 2017, while it also receives varying rates of tr...
Volume: 62Issue: 29Published at Fri, 19 Jul 2019 -
Israel Bid Round Flops
...cal firm Israel Opportunity. It is yet another disappointing turn-out for Israel, just 12 months after a previous bid round flopped (MEES, 24 November 2017). Hopes were raised that US major ExxonMobil, which has made recent forays into Egypt and Cyprus, would take part after it purchased a $50,000 da...
Volume: 62Issue: 29Published at Fri, 19 Jul 2019 -
Bahrain’s Troubled Banking Sector Set For Turbulent Times
...low investment grade. Fitch states that the reforms undertaken by the government haven’t been sufficient to stabilize its debt-to-GDP ratio. Bahrain raised $3bn in international bonds in 2017, and currently has about $14bn of outstanding dollar bonds, spiking the government’s debt-to-GDP from 43...
Volume: 61Issue: 29Published at Fri, 20 Jul 2018 -
Apicorp And Bahri Plan $1.5bn Saudi VLCC Shipping Fund
...at “with a current fleet of 36 VLCCs and 10 newbuild orders scheduled for delivery in 2017-18, the 15 crude carriers proposed for acquisition under this fund will propel Bahri into becoming the largest operator of VLCCs in the world.” Last year Bahri awarded Korea’s Hyundai Samho Heavy Industries a co...
Volume: 59Issue: 29Published at Fri, 22 Jul 2016 -
Acwa Gets $1.8bn Power Refinance Deal
...33.” Acwa is also involved in the 2.1GW Rabigh 2 IPP project, with partners Samsung of Korea and Dubai-based Mena Infrastructure Fund. Rabigh 2 is owned 50% by the Acwa-led ground and 50% by SEC. The gas-fired plant is scheduled for completion in 2017. SEC is owned 74% by the Saudi government, 7% by...
Volume: 59Issue: 29Published at Fri, 22 Jul 2016 -
GCC Bonds’ Bumper Year: 1H16 Surpasses All Previous Full-Year Historic Highs
...pay or refinance bonds worth $94bn in 2016 and 2017. But the current Brent futures curve has oil remaining below $54/B over the next 24 months. The accumulation of debt has led to comparisons with the region's rapid credit expansion in the mid-2000s and subsequent crunch in 2009. “The concern is...
Volume: 59Issue: 29Published at Fri, 22 Jul 2016