1. 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: 65
    Issue: 32
    Published at Fri, 12 Aug 2022
  2. 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: 65
    Issue: 32
    Published at Fri, 12 Aug 2022
  3. 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: 65
    Issue: 32
    Published at Fri, 12 Aug 2022