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Iraq Takes On Mansuriya
...nders in early 2014 (MEES, 28 February 2014), whilst later that year Islamic State attacks across Diyala province forced TPAO to halt operations (MEES, 10 October 2014). Despite a relatively high remuneration fee of $7/boe in the technical service contract, the stakeholders fell out with Baghdad ov...
Volume: 61Issue: 31Published at Fri, 03 Aug 2018 -
Egypt Goes West And Digs Deep In Quest For Oil Output Boost
...creases in Apache’s Western Desert output have come from the 2014 Ptah and Berenice discoveries on the Shushan and Faghur basins respectively, which were hailed as the firm’s largest finds in Egypt in 13 years (MEES, 3 April 2015 ). The fields now produce around 30,000 b/d. Italy’s Eni, on the back of...
Volume: 61Issue: 31Published at Fri, 03 Aug 2018 -
Cash-Rich Gulf State Refiners Seek Overseas Capacity, Integration
...d return of international sanctions over Tehran’s nuclear program. Iraq has 600,000 b/d of refining capacity, with the 310,000 b/d Baiji refinery still offline after being badly damaged by Islamic State jihadists in 2014. Government funds are overstretched, so that the Ministry of Oil has of...
Volume: 61Issue: 31Published at Fri, 03 Aug 2018 -
Qatar Export Revenues Hit Three-Year High Despite Continued Embargo
...gh of more than $80bn for 2018 as a whole (see chart 1). Still well down on the years to 2014 where Qatar racked up $130bn+ revenue. Provisional trade data show that Qatar’s export revenue rose to $20.8bn in 2Q 2018, the highest since the first quarter in 2015 (see chart 2). But these gains also sh...
Volume: 61Issue: 31Published at Fri, 03 Aug 2018 -
Kuwait Fiscal Deficit Falls By 19% To $16bn For 2017-18
...y fall below $10bn. After recording successive budget surpluses since 2000, Kuwait in 2014-15 posted its first budget deficit of $8.9bn following the collapse in oil prices in mid-2014, and has yet to emerge from the red. CATCH 22 Total revenue in 2017-18 jumped by 20% in real te...
Volume: 61Issue: 31Published at Fri, 03 Aug 2018 -
Iraq Exports Record In July
...Federal Iraq exported a record 3.543mn b/d in July – all from its southern Basra infrastructure. Even with the average export price dipping slightly to $69.16/B in May, Baghdad nonetheless pulled in $7.597bn. This was the highest monthly revenue figure since July 2014 when the selling price wa...
Volume: 61Issue: 31Published at Fri, 03 Aug 2018