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Syria: Why Are Foreign Firms Creeping Back?
...ly up-and-comer on the crude front with plans to increase production further from 24,000 b/d at Block 26 but was forced to leave in 2011 (MEES, 18 May 2018). Whilst nobody can fault Gulfsands’ keenness to return to Syria, the swarm of activity beginning to form around Syria’s oil sector certainly me...
Volume: 68Issue: 30Published at Fri, 25 Jul 2025 -
Rosneft Re-Elects Al-Sada Chairman
...In a 21 July update after its annual shareholders meeting, Russian state firm Rosneft announced it had re-elected former Qatari energy minister Muhammad al-Sada as chairman. Mr Sada was first elected chairman in June 2023 after serving as Qatar’s energy minister between 2011 and 2018. Top of hi...
Volume: 68Issue: 30Published at Fri, 25 Jul 2025 -
Cairo Wary But Silent As Ethiopia Fills Contentious Dam
...ates.” Instead, Egypt proposed the replacement of the article with “…not to adversely affect the water security and current uses and rights of any other Nile Basin state.” While six countries (Ethiopia, Burundi, Rwanda, Tanzania, Uganda, and Kenya) did sign the CFA between 2010 and 2011, Kenya’s pa...
Volume: 67Issue: 30Published at Fri, 26 Jul 2024 -
Libya-Italy Gas Slump
...te, 2024 is on pace for the lowest full-year figure since the start-up of the 8bcm/y (around 775mn cfd)-capacity Greenstream pipeline in 2004, lower than 2023’s 12-year low of 244mn cfd (MEES, 8 March) and the 215mn cfd seen in 2011 when Libya was wracked by revolutionary instability. In a de...
Volume: 67Issue: 30Published at Fri, 26 Jul 2024 -
India Imports Record Russian Crude In Q2 Despite June Dip
...roughout the quarter, with combined sales of 1.848mn b/d in June the lowest figure in MEES records back to 2011. Of course, the Middle East is not the only region seeing its position in India being squeezed. Volumes from North Africa, Sub-Saharan Africa and the Americas have all weakened amid the influx of Ru...
Volume: 66Issue: 30Published at Fri, 28 Jul 2023 -
Cyprus’ Aphrodite Enters Make Or Break Period
...a unitization agreement between Cyprus and Israel: a small portion of the field crosses into Israeli waters, where it is called Ishai. Despite Aphrodite’s discovery in 2011 and the friendly nature of the two countries’ relations, no deal has been hashed out to-date, although efforts have ac...
Volume: 65Issue: 30Published at Fri, 29 Jul 2022 -
Kuwait’s Emir Appoints Eldest Son As PM
...nister portfolio. In 2011, when a regular MP, al-Ghanim organized the grilling of Sheikh Ahmed Al Fahad over allegations of corruption in contracts worth $900mn. This, amongst other factors, led to the cabinet resigning. The allegations extended to court cases in the United Kingdom and Switzerland an...
Volume: 65Issue: 30Published at Fri, 29 Jul 2022 -
Tunisia: President’s Power Grab Shakes Democracy To The Core
...elfth since Tunisia’s January 2011 revolution – after the ouster of predecessor Elyes Fakhfakh (MEES, 24 July 2020) Mr Saied, who has a legal background but previously worked as a TV commentator and as such is an outsider to Tunisia’s fractious party politics, was elected president in October 2019. He...
Volume: 64Issue: 30Published at Fri, 30 Jul 2021 -
Chevron Arrows In On East Med With $5bn Noble Takeover
...al will benefit Cyprus where Noble (35%op) partners Shell (30%) and Delek (30%) at the 4.1tcf 2011 Aphrodite discovery. The official plan is for late-2022 FID and for first gas in 2025. But this now looks ambitious (MEES, 26 June). The favored development option is tie-back to Egypt’s Idku LNG pl...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Wanted: A Stable Tunisian Government
...rked the end of Tunisia’s 11th government since the 2011 revolution. And there is little hope the next one will prove more durable, never mind effective. October parliamentary elections produced a deeply fractured 217-member assembly that took almost five months to agree on a government (MEES, 21 Fe...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Upstream Capex Edges Up But Recovery Remains US-Focused
...ght at the end of June, significantly less than the record 50 at the end of June 2011. SERVICES FIRMS REVENUE ($BN): MIDEAST REVENUES UP BUT SHARE DOWN AS NORTH AMERICA OPERATIONS GO FROM STRENGTH TO STRENGTH PERCENTAGES EXPRESSED IN PERCENTAGE POINT TERMS WHERE ORIGINAL NUMBERS ARE PE...
Volume: 61Issue: 30Published at Fri, 27 Jul 2018 -
LNG Start-Ups To Peak, Then Slump
...nce. The IEA estimates that investment in liquefaction will be just $16bn this year, the lowest level since 2010. • And much of this represents the tail end of start-up investment in mega-projects approved in the 2011-14 boom years. Two key Australian projects, 8.9mn t/y Ichthys operated by Ja...
Volume: 61Issue: 30Published at Fri, 27 Jul 2018 -
Kuwait Eyes Long-Delayed Jurassic Gas Expansion
...ES, 27 June 2011). The EPFs are at three of Kuwait’s northern Jurassic sour gas fields, development of which has stalled since 2010 when Shell signed an Enhanced Technical Service Agreement (ETSA). The contract was subject to considerable parliamentary scrutiny: the public prosecutor only dropped it...
Volume: 60Issue: 30Published at Fri, 28 Jul 2017 -
Qatar Looks To Expand Its Lng Options As Contract Renegotiations Loom
...erogative of trading houses – the direct source of almost all of Egypt’s LNG imports, for example (MEES, 10 February). Of course Qatar itself has had to make compromises: buyers have more choice in the current market landscape. For instance, under the initial MoU signed in 2011, Bangladesh was initially pl...
Volume: 60Issue: 30Published at Fri, 28 Jul 2017 -
Saudi Approves Scaled-Back Nuclear Plans, Studies Reactors Large And Small
...shehr-1 2011 1.0 1 3.5 Rosatom built. Operation intermittent until 2013 Under Construction 6....
Volume: 60Issue: 30Published at Fri, 28 Jul 2017 -
Libya Looks To Corral IOCs Into Activity Boost
...couraging the return to Libya of firms that prior to the 2011 Revolution were active in upstream exploration and development. Exploration successes from the four international licensing rounds held since the 2004 introduction of the EPSA-IV model have been largely disappointing. The first round yielded by...
Volume: 60Issue: 30Published at Fri, 28 Jul 2017 -
ExxonMobil, Statoil & QP Make First Forays Into Cyprus’ Offshore
...ntains Cyprus’ sole gas-find to-date, the 5 tcf Aphrodite, which was discovered in late 2011 by US-firm Noble and Israeli partner Delek. UK firm BG (since taken over by Anglo-Dutch major Shell) purchased a 35% stake in the field from Noble in November of last year (MEES, 27 November 2015). Eni is bidding fo...
Volume: 59Issue: 30Published at Fri, 29 Jul 2016 -
Opec Winning Back Market Share in Key Asian Markets
...16. However, while the importance of the Asian market for Opec has been growing, Opec’s importance to the region has been falling. IGA and Opec data shows that in 2011, 65.5% of Asia’s oil imports came from Opec, but this fell to 61.2% in 2014 and just 60.1% last year. But Opec’s Saudi-driven strategy to...
Volume: 59Issue: 30Published at Fri, 29 Jul 2016 -
International Donors Provide Fresh Funds For Countries Hosting Syrian Refugees
...nflict in 2011. Existing infrastructure and utilities in these host countries are incapable of coping with the influx of millions of Syrian refugees and new resources are urgently needed to put in place the basic minimum facilities. While aid has already been pledged by the international community to...
Volume: 59Issue: 30Published at Fri, 29 Jul 2016 -
Dubai In Unwelcome Headwinds
...ported this week that property prices in Dubai have fallen by around 25% since their most recent peak in 2014, but remain above their 2011 trough. However, the IMF reports that the quality of the real estate loan portfolio is significantly better than prior to the 2009 crash. Overall, Dubai, in...
Volume: 59Issue: 30Published at Fri, 29 Jul 2016