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Iraq’s Output Hits Export Capacity Limits
...to a nominal 5.4mn b/d, in reality capacity is considerably lower due to storage constraints, inadequate pipeline capacity and insufficient pumping stations. A further 600,000 b/d-capacity terminal, Khor al-Amaya (KAAOT), has been offline since 2017 due to pipeline leaks. Perhaps wary of a re...
Volume: 65Issue: 32Published at Fri, 12 Aug 2022 -
Oman’s Economy Rebounds With $2bn 1H Surplus
...ndensate’s exemption from Opec+ cuts since January 2020 (MEES, 6 December 2019). GAS AMBITIONS Ç And condensate output is set to continue to rise over the longer term given the sultanate’s focus on developing gas/condensate plays. The 2017 start-up of BP’s 1bn cfd Khazzan tight gas project re...
Volume: 65Issue: 32Published at Fri, 12 Aug 2022 -
Italy Imports Record Volumes Of Russian Crude
...erall crude imports leaping 16% year-on-year and by 23% versus Q1 to 1.35mn b/d for Q2, the highest figure since Q3 2019 and within 50,000 b/d of the all-time record set in Q4 2017. *Unlike, for example, TotalEnergies and Shell in northern Europe, Italy’s refining sector is dominated by in...
Volume: 65Issue: 32Published at Fri, 12 Aug 2022