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Egypt Receivables Hit Record $7.5bn
...EGYPT Egypt’s new authorities have talked a good game on creating an investor-friendly climate by reducing the monies owed to IOCs active in the country. But the numbers tell a different story. Receivables have soared by $1.4bn over the first six months of 2014 to hit $7.5bn, MEES an...
Volume: 57Issue: 32Published at Fri, 08 Aug 2014 -
Oman Retenders Five Exploration Blocks
...ur years earlier. Oman is aiming to boost liquids output to above 950,000 b/d for 2014, and hold production steady at around this level for at least four years (MEES, 7 March). Gas production is slated to reach just shy of 4bn cfd by end-2014, as several gas projects come online over the next six to...
Volume: 57Issue: 32Published at Fri, 08 Aug 2014 -
New Drilling Record For Saudi Arabia, Kuwait, Middle-East & Opec
...REGIONAL MENA Active Drilling Rigs, July 2014* July Br...
Volume: 57Issue: 32Published at Fri, 08 Aug 2014 -
Suez Canal No2 Planned
...r both 2012 and 2013 and $2.63bn for the first six months of 2014 (MEES, 25 July), around 8% of total government revenue. Egypt hopes that the expansion plans will dramatically increase revenues: by 2023 the expanded route could bring in around $13.5bn, a Suez Canal authority official tells Re...
Volume: 57Issue: 32Published at Fri, 08 Aug 2014 -
Iran Lays Giant Condensate Export ‘Refinery’ Bait For Foreign Investors
...ported 95mn liters (almost 20,000 b/d) of Euro-4 gasoline in July. Latest figures from JODI show that Iran’s total gasoline imports averaged just over 20,000 b/d for the year to April 2014, with a peak of 48,000 b/d of imports in February this year (see chart). Iran Gasoline Supply (‘000b/D) Ir...
Volume: 57Issue: 32Published at Fri, 08 Aug 2014 -
Dubai To Spend $15Bn On 20% Capacity Hike By 2021
...UAE Dubai Electricity and Water Authority (DEWA) chief executive Sa’id al-Tayir says DEWA’s capital budget for 2014-18 is Dh55.216bn ($15.03bn). DEWA plans to add three power plants totaling 1.9GW over the next five years raising DEWA’s total capacity by almost 20% to 11.56GW by the end of...
Volume: 57Issue: 32Published at Fri, 08 Aug 2014 -
Iraq: Exports Hold Up As ISIS Advances On Oilfields
...ound Mosul in mid-March. Northern exports averaged just 85,000 b/d for the first half of 2014, a mere 30% of year-ago levels (see table). Iraq’s key southern fields appear under little immediate threat from IS advances, but the jihadists have in the past week had several clashed with KRG fighters. IS ha...
Volume: 57Issue: 32Published at Fri, 08 Aug 2014 -
IMF: Politics Threatens Lebanon’s Economy
...clude 272MW of diesel-fired capacity installed by Denmark’s BWSC at Zouk and Jiyyah power plants for 2014 start-up (MEES, 19 July 2013), plus a second power barge of 95MW capacity from Turkey’s Karkey Karadeniz (MEES, 12 April 2013). Supplies typically cover only 18 hours per day, with frequent bl...
Volume: 57Issue: 32Published at Fri, 08 Aug 2014