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Libya Eyes 10,000 B/D 1H24 Output At North Hamada
...w a pipeline connection between Tahara and the parallel El Feel/Sharara to Zawiya/Mellitah trunk crude pipelines. Full development of the seven fields on Area 47’s Block 2 on which commerciality was declared in 2011 and 2014 is slated to produce 50,000-60,000 b/d liquids and 90mn cfd gas with ou...
Volume: 66Issue: 35Published at Fri, 01 Sep 2023 -
Lebanon Hooked On Diesel Imports Amid Financial Crisis
...ich runs through Jordan and Syria. Even these volumes were only ever sufficient to supply one of its two gas turbines, while flows were sporadic and halted entirely following attacks on the pipeline in Egypt’s Sinai Peninsula in 2011. Meanwhile the Zahrani power plant lacks the required infrastructure to...
Volume: 66Issue: 35Published at Fri, 01 Sep 2023 -
Libya Gas Exports Face Uncertain Future
...e still more than a fifth lower than 2010’s record of 1.55bn cfd, according to the BP Statistical Review of World Energy (see chart 1). That record year came just before the toppling of long-time ruler Muammar Gaddafi in 2011 which set Libya onto a still-ongoing course of political instability, ma...
Volume: 65Issue: 35Published at Fri, 02 Sep 2022 -
Iraq Fends Off Russia To Retain Top Spot In India
...January 2011. INDIA’S TOP FIVE* CRUDE SUPPLIERS (‘000 B/D): IRAQ RETAINS TOP SPOT FOR JULY DESPITE RUSSIAN SURGE SINCE MARCH *TOP 5 FOR JAN-JULY 2022. WHILST IRAQ, SAUDI,UAE & THE US WERE THE TOP FOUR FOR 2021, RUSSIA WAS NINTH. SOURCE: INDIA COMMERCE MINISTRY, MEES CALCULATIONS. ...
Volume: 65Issue: 35Published at Fri, 02 Sep 2022 -
India Steps Up Crude Buying Diversification
...test export data suggest higher volumes to come (see p2). Number two Saudi Arabia is down 23% at 596,000 b/d, the lowest half-year figure since 1H 2011. Saudi Arabia’s market share of just 14.7% for 1H 2021 is the lowest in well over a decade (see chart and table for full data). IN...
Volume: 64Issue: 35Published at Fri, 03 Sep 2021 -
Iran Targets Further Trade Gains in Asia With Korea Payments Deal
...43mn b/d, up 28% on the same period last year. The upshot is that the region’s importing of Iranian oil this year is on track to reach levels not achieved since sanctions were ratcheted up in late 2011. China’s receipt of Iranian crude dipped in July, dragging the total amount down from June’s heights to...
Volume: 59Issue: 35Published at Fri, 02 Sep 2016 -
Libya’s Wealth Fund In Leadership Showdown
...rsue legal cases on behalf of the LIA, but no power to transfer or dispose of LIA assets. In practice this is academic as the funds are largely frozen under UN sanctions imposed in 2011. According to a 2012 audit by Deloitte, the LIA has holdings estimated at $67bn. The establishment of the st...
Volume: 59Issue: 35Published at Fri, 02 Sep 2016 -
Egypt Plans VAT At 13% From 1 October
...nishment through higher fines and prison sentences. Egypt’s economy has been struggling since the 2011 revolution which brought with it political instability, driving away tourists and foreign investors, who provide a major source for foreign exchange. Egypt’s foreign currency reserves are down by more th...
Volume: 59Issue: 35Published at Fri, 02 Sep 2016 -
Egyptian Gas Plans Unfold, Despite Growing Concerns Over Domestic Supplies
...ound 2tcf of gas and 180mn barrels of condensate, according to EGAS, although its appraisal is ongoing. BG, Egypt’s largest foreign gas producer, also has a $3bn investment program up to 2011, mostly targeting the development of its two producing offshore concessions in the Mediterranean deep wa...
Volume: 51Issue: 35Published at Mon, 01 Sep 2008 -
GDF Suez, GIC Awarded $2Bn Al Dur 1 IWPP Contract
...wer and water purchase agreement for Al Dur 1 independent water and power project (IWPP) in Bahrain. Phase 1 of the project, to be developed on a BOO (build, own, operate) basis, will start in the summer of 2010, with full capacity to be achieved in summer 2011. Al Dur 1 is expected to start de...
Volume: 51Issue: 35Published at Mon, 01 Sep 2008 -
Political Comment (1 September 2008)
...Middle East Economic Survey VOL. LI No 34 25-Aug-2008 Political Comment (1 September 2008) Iraqi Prime Minister Nuri al-Maliki has stated that in the negotiations on a Status of Forces Agreement (SOFA) the US and Iraq have agreed on a 2011 deadline for the withdrawal of US fo...
Volume: 51Issue: 35Published at Mon, 01 Sep 2008