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Algeria: Record Gas Output
...an 3bcm higher than the previous record for the first five months of the year set at 42.32bcm for 5M 2017 (see chart 1). This puts Algeria on track to smash annual output records of 94.8bcm and 94.5bcm set in 2016 and 2017 respectively, and possibly even break the 100bcm mark. That said, an an...
Volume: 64Issue: 29Published at Fri, 23 Jul 2021 -
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 -
Saudi Arabia Caps Gasoline Prices Amid Rising Inflation
...s slashed fuel subsidies over the past five years, and the upshot has been that even before the pandemic, domestic consumption of diesel and gasoline had fallen below their peaks of 2015 and 2017 respectively. However, the government’s decision to triple VAT from July 2020 has resulted in a sh...
Volume: 64Issue: 29Published at Fri, 23 Jul 2021