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Eni Sees Egypt Receivables Again Raise Their Head
...s field with gas-in-place reserves of 30tcf (MEES, 4 September 2015). Zohr started up in December 2017. But even before then, the prospect of bumper times ahead led Eni to go easy on berating Cairo for monies due. Under a March 2015 deal struck with EGPC intended to eliminate receivables, Eni ag...
Volume: 64Issue: 32Published at Fri, 13 Aug 2021 -
Genel To Expedite Bina Bawi Oil Development
...nistry of natural resources by end-2018. Genel’s financials are looking up this year. Despite net production down 5,000 b/d compared with 1H 2017, revenues jumped from $87.1mn to $161.1mn thanks to regularized payments from Erbil and higher oil prices. In presenting the firm’s first half results on 7 Au...
Volume: 61Issue: 32Published at Fri, 10 Aug 2018 -
Israel: Record Gas Output
...ntract, but this includes 350mn cfd for supply to Egypt which has yet to be firmed up (MEES, 10 November 2017). Noble CEO David Stover tells the 3 August call that “we’re making excellent progress on commercial agreements to deliver our gas from Tamar and Leviathan into Egypt.” Mr Stover later makes cl...
Volume: 61Issue: 32Published at Fri, 10 Aug 2018 -
SK Inks Tabriz Refinery Deal As Korean Investment Hits $19bn
...re need of upgrade and modernization.” The upgrade is intended to reduce Tabriz’s fuel oil output to 2% of total production. One of the aims of Iran’s refinery upgrade program is to reduce the need for gasoline imports, which averaged 49,000 b/d in 2016 and 64,000 b/d in the first four months of 2017...
Volume: 60Issue: 32Published at Fri, 11 Aug 2017 -
Shell And BP Step Back From ADCO
...velopment of Adco’s cluster of 15 principal oil fields, which are expected to produce 1.8mn b/d by 2017. Earlier reports had suggested that Shell and BP were trying to negotiate better terms with Adnoc, but Mr Dudley’s remarks suggest that the state-owned UAE oil company was not in the mood to ba...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
Sadara To Supply Juffali Plant With MDI
...ongside the Sadara petrochemicals complex. Juffali plans to start up a new plant in PlasChem in the first half of 2017. Sadara says the new Juffali facility will consist of several manufacturing plants producing specialty chemicals for use within the kingdom. Some units will be fed directly by Sadara, ot...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015