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  1. Neutral Zone’s Wafra: Exports Restart

    ...spended since 2014 (MEES, 29 May 2015). Saudi Arabia and Kuwait have long had disagreements over PNZ-management, with Kuwait especially disgruntled that Chevron represents Saudi Arabia at Wafra. Despite their disagreements, Saudi Arabia and Kuwait reached an agreement to restart PNZ output in December 20...

    Volume: 63
    Issue: 31
    Published at Fri, 31 Jul 2020

  2. Gulf NOCs Target IPOs, Other Routes To Foreign Funding

    ...n Salman (MbS) has estimated Aramco’s value at $2-3 trillion, implying that a 5% listing could raise $100-150bn, dwarfing the $25bn secured by Chinese internet retailer Alibaba in the world’s largest IPO in 2014 (MEES, 11 November 2016). And it would appear that Aramco’s bold IPO plans have en...

    Volume: 60
    Issue: 31
    Published at Fri, 04 Aug 2017

  3. Libya Oil: A Write-Off?

    ...ayed a substantial part in a 49% reduction in profits for the second quarter, compared to the first quarter of the year, and a 64% drop compared to the same period of 2014. Underlying replacement cost profit for the quarter was $1.3bn, compared with $2.6bn for the previous quarter and $3.6bn for the se...

    Volume: 58
    Issue: 31
    Published at Fri, 31 Jul 2015

  4. Occidental: Uncertainty Continues Over Middle East Assets

    ...s really just been exposed to this in detail at one meeting, and so it will take a little while and we want to consult fully with them and weigh all the alternatives for them. But clearly some things are going ahead quickly.”   He added he hopes to achieve this before he steps down as CEO in 2014...

    Volume: 56
    Issue: 31
    Published at Fri, 02 Aug 2013

  5. Germany’s RWE Faces Challenging Sale Of North African Assets

    ...oject – slated for 2014 start-up when sanctioned in 2010 – the key focus for 2012 was taken up with trying to find a new location for the onshore gas treatment plant.  It now looks likely that the plant will be located 30km to the east from the originally-planned site at Idku [next to the BG-operated Eg...

    Volume: 56
    Issue: 31
    Published at Fri, 02 Aug 2013