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  1. Cyprus Rejects Chevron’s Modified Aphrodite Development Plan

    ...ither the 2019 FDP nor a previous iteration dating back to 2015 led to development of the field which was discovered back in 2011. Speaking exclusively to MEES, Mr Papanastasiou provided insight regarding the government’s decision to reject the modifications filed by Chevron in late May. “We had an...

    Volume: 66
    Issue: 34
    Published at Fri, 25 Aug 2023

  2. Anbar Power Plants To Build Case For Akkas Gas?

    ...kas power plant was built by the now defunct Indian EPC contractor Lanco Infratech for $81.26mn after being awarded the contract in 2011 by Iraq’s Ministry of Electricity. The sum excludes the cost of two GE 125MW gas fired turbines that make up the generation units. In 2014, the site fell to the Is...

    Volume: 65
    Issue: 34
    Published at Fri, 26 Aug 2022

  3. Libya Oil Revenues Soar But Still Short Of Central Bank Target

    ...VENUES* AT $11.6BN IN THE FIRST SEVEN MONTHS OF 2021 ARE ALREADY DOUBLE THE FULL YEAR 2020 FIGURE OF $5.9BN *CBL 'OIL REVENUE' NUMBERS USED BETWEEN 2011 AND 2017 DUE TO ABSENCE OF NOC DATA. ^INCLUDES GAS EXPORT REVENUE, PRODUCTS SALES. ^^INCLUDES SMALL VOLUMES OF CONDENSATE.  SOURCE: OPEC ASB, CB...

    Volume: 64
    Issue: 34
    Published at Fri, 27 Aug 2021

  4. Libya’s Forex Reserves Fall 21% In 2020

    ...e inaccessible to Libya due to strict UN sanctions that have been in place since 2011.The idea is that sanctions will be removed once Libya has an accountable government. But the country is still deeply divided. Libyan actors are still squabbling over the legal basis for elections that are sc...

    Volume: 64
    Issue: 34
    Published at Fri, 27 Aug 2021

  5. Libya Eyes Mabruk Field Redevelopment

    ...ys it is also aiming to bring back Hakim, Sabah and Fedah. Zueitina had a production capacity of nearly 60,000 b/d before the 2011 revolution but this has dwindled to well under 20,000 b/d. Waha Oil Company is still working to restore production from its once-120,000 b/d Dahra field which was si...

    Volume: 64
    Issue: 34
    Published at Fri, 27 Aug 2021

  6. Qatar’s Oryx GTL Train 2 Offline Until 2Q21

    ...oject. However, its development cost trebled from $6bn at project go-ahead in 2006 to $18.5bn at project completion in 2011, while ramp-up to full capacity took a year longer than anticipated (MEES, 16 August 2013). Despite the problems experienced at Qatar’s two GTL plants, nearby Oman has designs to...

    Volume: 63
    Issue: 34
    Published at Fri, 21 Aug 2020

  7. Record Products Sales And VAT Bolster Saudi Economy

    ...18. B =BUDGET (JADWA EST. FOR BUDGET OIL PRICE, OUTPUT). SOURCE: FINANCE MINISTRY, SAMA, JADWA, OPEC, IMF, MEES.   SAUDI ARABIA JUNE 2018 OIL DATA (‘000 B/D): OIL STOCKS HIT LOWEST SINCE NOVEMBER 2011,  JUNE SUPPLY TO MARKET HIGHEST SINCE DECEMBER 2016 CHANGES EXPRESSED IN PE...

    Volume: 61
    Issue: 34
    Published at Fri, 24 Aug 2018

  8. Taiwan LNG Imports: Volumes Up But Qatar Losing Out To Rival Suppliers

    ...TAIWAN IMPORTED 4.4MN TONS IN Q2, A SEASONAL RECORD BUT QATARI VOLUMES FELL TO 7-YEAR LOW (TOP 6 SUPPLIERS, MN TONS)   QATAR’S MARKET SHARE, AT 30% FOR 1H18, IS ALSO THE LOWEST SINCE 2011 AS RUSSIA  AND AUSTRALIA SAW BOTH RECORD 1H VOLUMES AND MARKET SHARE (%)...

    Volume: 61
    Issue: 34
    Published at Fri, 24 Aug 2018

  9. Total Expands With Maersk Purchase

    ...rkine Basin: Anadarko-operated El Merk and HBNS, and Cepsa-operated Ourhoud. Gross output was 358,000 b/d in Q2; El Merk with 146,000 b/d was the largest contributor. Maersk’s net share was 36,000 b/d. Total owned 50% of Cepsa until 2011 but the firm’s current Algerian output comes from 35% of the 700mn cf...

    Volume: 60
    Issue: 34
    Published at Fri, 25 Aug 2017

  10. Algeria On Track For $11bn Deficit Despite Gas Export Boost

    ...nuary 2013 terrorist attack) followed by the November completion of a $700mn compression project. Output hit 9bcm/year capacity in Q2 for the first time since Q1 2011. Sonatrach’s 54bcm 2017 export target, based on an expected late-year first-gas boost from the Reggane and Touat projects in the so...

    Volume: 60
    Issue: 34
    Published at Fri, 25 Aug 2017

  11. Spain 2Q17 Crude Imports (‘000 B/D): Imports From Libya On The Rise, Up 79% On Year-Ago Levels

    ...SPAINSH CRUDE IMPORTS FROM MENA* ('000 B/D): SAUDI SQUEEZED, IRAQ STRONG, LIBYA & IRAN RESURGENT *EXCLUDES OCCASIONAL SMALL VOLUMES FROM TUNISIA AND (TO 2011) SYRIA. SOURCE: CORES, MEES....

    Volume: 60
    Issue: 34
    Published at Fri, 25 Aug 2017

  12. Syria’s Iranian Crude Imports Dwindle, But Data Suggests It’s Finding Other Sources

    ...ort of 7,700 b/d in the first half of 2016. Syria’s first half 2016 official production compares with 9,500 b/d for 2015 and represents less than 2% of the 387,000 b/d recorded in first quarter 2011, before the start of Syria’s civil war. ALTERNATIVE SUPPLIES          Mr Ghanim’s data su...

    Volume: 59
    Issue: 34
    Published at Fri, 26 Aug 2016

  13. Iran: Domestic Companies Seek Assurances Ahead Of Oil Opening

    ...volvement with Iran before sanctions. Besides supplying turbines, the company helped local firm Tuga to build its own turbine manufacturing plant. Before the 1979 revolution, Siemens was Iran’s chosen partner for the Bushehr nuclear power plant, which was completed in 2011 by Russian firms. Ma...

    Volume: 58
    Issue: 34
    Published at Fri, 21 Aug 2015

  14. South Sudan Oil Income Falls, Peace Process Stalls

    ...ippling $24.1/B to the government of Sudan in return for the use of its oil export infrastructure and in compensation for the oil resources lost by the north, when South Sudan became a separate state in July 2011. In recent months, it has been unable to keep up with these payments. The DPOC lifting pr...

    Volume: 58
    Issue: 34
    Published at Fri, 21 Aug 2015

  15. Israel Delays Key Gas Development Vote

    ...en its dependence on gas rise, reaching 41.7% of the country’s energy mix in 2014 (see chart), with that due to rise this year to close to 50%. Israel imported gas from Egypt via the Arab Gas Pipeline but that was discontinued in April 2012 in the aftermath of the January 2011 revolution in Eg...

    Volume: 58
    Issue: 34
    Published at Fri, 21 Aug 2015

  16. United States Latest Oil Imports, Exports, Demand (‘000 B/D)

    ...15 vs1Q15 vs2Q14 2014 2013 2012 2011 2010 CRUDE OIL IMPORTS 7,806 7,487 7,...

    Volume: 58
    Issue: 34
    Published at Fri, 21 Aug 2015

  17. Turkey Crude And Gas Imports

    ...13 2012 2011 2010 Iraq 245.1 +117.7 127.4 186.6 +93.4 +60.4 10...

    Volume: 58
    Issue: 34
    Published at Fri, 21 Aug 2015

  18. South Sudan Oil Sector Takes Hit With Exxon Exit

    ...stopped operations at the block in 1985, after the resumption of the former Sudan’s decades-long civil war, which ultimately ended with a 2005 peace deal that paved the way for the South’s secession in 2011. And despite regularly talking up its plans to resume exploration at the block, it is yet to...

    Volume: 57
    Issue: 34
    Published at Fri, 22 Aug 2014

  19. Algeria: Terrorist Threat Low, But IOCs Keep An Eye On Security

    ...ys Riccardo Fabiani, an analyst at the Eurasia Group. And while the Algerian military were not deemed to be up to the task in 2011, some oil executives are now confident that the security forces have responded well to the shock of In Amenas. “We are conscious of what happened last year, co...

    Volume: 57
    Issue: 34
    Published at Fri, 22 Aug 2014

  20. Oman Oil Names Former Oxy Executive As New CEO

    ...$8mn from a senior official at Korea’s LG International some years ago, after the Korean firm won a total of $2bn-plus in contracts related to key downstream projects. The case came to light two years after the Omani leader Sultan Qaboos launched an anti-graft campaign in 2011, aimed at de...

    Volume: 57
    Issue: 34
    Published at Fri, 22 Aug 2014