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Neutral Zone Output Steady As Partners Seek Capacity Gains
...4,000 b/d (MEES, 31 January). That was the last full year of production before fields were shut from late-2014 onwards amid disagreements over management between Saudi Arabia and Kuwait (MEES, 24 October 2014). Operations are now in full swing after that prolonged shut-in, with expansion work underway. Mu...
Volume: 68Issue: 34Published at Fri, 22 Aug 2025 -
Libya: Fractured Institutions Fail To Distribute Oil Revenue Gains
...anches of Libya’s key economic institutions in Tripoli and the east of the country to cooperate (see box): a trick that since the 2014 split in the country’s government neither the UN Libya mission nor the institutions that it has backed have managed to pull off. ...
Volume: 61Issue: 34Published at Fri, 24 Aug 2018 -
Libya’s Ongoing Institutional Splits
...Tripoli. But following the split in the government in 2014, a rival branch was set up in Baida. Baida’s current ‘governor’ is Mohamed Shukri, sworn in by the House of Representatives (HOR), the official parliament, on 29 January but rejected by the upper house, the High Council of State. • The tw...
Volume: 61Issue: 34Published at Fri, 24 Aug 2018 -
Egypt Touts $33bn Gas Investment, But Receivables Worry Remains
...00 STANDARD LEGACY PRICE 2.65 *PAID TO IOCS FOR EGYPT PRODUCTION **$2.96/'000FT³ FOR 2014 ($2.65 WITH UPWARDS ADJUSTMENT FOR LIQUIDS CONTENT). CASH CRUNCH Mr Molla says that Egypt’s dues for foreign firms active in the co...
Volume: 59Issue: 34Published at Fri, 26 Aug 2016 -
Iran: Domestic Companies Seek Assurances Ahead Of Oil Opening
...ntract’s soft-launch in February 2014 — which officials tell MEES will almost certainly form the basis of the final framework — suggest Iran’s domestic firms can take comfort in the knowledge that it has in fact been drawn up with their interests firmly in mind (MEES, 19 June). Specifically, co...
Volume: 58Issue: 34Published at Fri, 21 Aug 2015 -
South Sudan Oil Income Falls, Peace Process Stalls
...nthly earnings of around $28mn. In November 2013, the last full month of South Sudanese production, government oil earnings were more than $200mn. The 2014-15 budget envisaged monthly spending of more than $250mn. Were it not for the fact that South Sudan already knows what it is like to survive wi...
Volume: 58Issue: 34Published at Fri, 21 Aug 2015 -
Israel Delays Key Gas Development Vote
...mmissioner David Gilo ruled in December 2014 that Noble and Delek had formed a monopoly offshore Israel. This ruling would have forced Noble and Delek to divest their interests in either Leviathan or Tamar but the government stepped in and effectively usurped Mr Gilo, who has since announced his re...
Volume: 58Issue: 34Published at Fri, 21 Aug 2015 -
UAE’s Upper Zakum On Track For 1mn B/D
...cording to direct monthly submissions to the Opec Secretariat, the UAE has managed to boost overall output beyond 3mn b/d for the first time in July. Output rose to 3.06mn b/d last month from an average 2.794mn b/d in 2014, according to the Opec data. MEES estimates put output somewhat lower at 2.88mn b/d fo...
Volume: 58Issue: 34Published at Fri, 21 Aug 2015 -
Petroceltic Touts Ain Tsila Progress Amid Shareholder Revolt
...rvices and that Petroceltic allegedly may have awarded contracts, such as the Front End Engineering Design (‘FEED’) contract, on a questionable basis.” The FEED contract went to Chicago Bridge and Iron in September 2014. Mr Stevenson was appointed in January 2013 and is considered key to keeping the pr...
Volume: 58Issue: 34Published at Fri, 21 Aug 2015 -
Algeria Delays Bid Round Once Again
...secure foreign investment in its upstream. Algeria: Blocks On Offer In 2014 Bid Round...
Volume: 57Issue: 34Published at Fri, 22 Aug 2014 -
South Sudan Oil Sector Takes Hit With Exxon Exit
...rm-in agreement as of April 2014,” Total said in a 19 August statement e-mailed to MEES, without going into further detail. ExxonMobil declined to comment, though the ongoing conflict – and the lack of clear prospects for a solution – could go a long way towards explaining the company’s decision. Re...
Volume: 57Issue: 34Published at Fri, 22 Aug 2014 -
Saudi Arabia Stems Domestic Oil Demand Growth
...of the offshore 1.3bn cfd Hasbah and 1.2bn cfd Arabiyah non-associated fields in 2014 to feed the Wasit gas plant, currently under construction. Ordinary supply of 2.5bn cfd will produce 1.75bn cfd of sales gas and can be augmented to 3.05bn cfd in peak summer demand months, Saudi Aramco revealed. Al...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013