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Shell Greenlights Egypt Offshore Project
...me since 2017 and prolong the project’s lifespan (MEES, 18 July). MEES learns that Shell plans to drill the Mina West-2 appraisal well in Q1 next year to firm-up volumes with first gas potentially by the end of 2026. Operator Shell (60%) and partner, Kuwait state firm Kufpec (40%) had initially ap...
Volume: 68Issue: 30Published at Fri, 25 Jul 2025 -
Egypt Nuclear Plans Knocked Back
...ES, 15 December 2017). The $30bn project has been mainly funded via a $25bn loan from Russia itself. Repayment was due to begin by 2029 when operations at the plant were set to begin but inevitably that has now also been pushed back. Mr Adham says construction will not begin for another 12 mo...
Volume: 64Issue: 30Published at Fri, 30 Jul 2021 -
Oman Increases Power Subsidies
...artups of the Ibri IPP and Sohar-3 gas-fired powerplants (see MEES, 7 July) will increase the need for subsidy spending, presumably due to higher generation costs being passed onto the consumer. Oman has made a concerted effort to cut its electricity subsidies in recent years following the 2017 Cost Re...
Volume: 62Issue: 30Published at Fri, 26 Jul 2019 -
Eni: New Egypt Output
...ypt oil output is also up, from 72,000 b/d net for 2017 to 77,000 b/d in 2018. Egypt’s overall oil output averaged 640,000 b/d in the first five months of 2019, flat with 2018 levels. The Western Desert accounts for 55% of the total. But output here fell to 353,000 b/d in the first five months of 2019 fr...
Volume: 62Issue: 30Published at Fri, 26 Jul 2019