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Oman Awards Northern Tight Gas Play In Bid Round
...2017 with cumulative output of 44,000 barrels on extended test, but which quietly abandoned the asset before last year’s bid round. The ministry says that in total four exploration wells and one appraisal well were drilled on the block between 1993 and 2017. Two formations indicated the pr...
Volume: 67Issue: 36Published at Fri, 06 Sep 2024 -
Iran’s Oil Exports At Post-Sanctions Record
...NDENSATE. ^SEIZED CARGOS. ^^MOSTLY TO CHINA SINCE 2018. SOURCE: KPLER (2017-18), UANI (2019>), MEES. Unlike in the pre-sanctions era, Iran is overwhelmingly reliant on China for its exports, to the tune of 85% in volume terms for 8M 2023 and likely substantially more in revenue terms given that ca...
Volume: 66Issue: 36Published at Fri, 08 Sep 2023 -
RAK Strikes Gas At Block 5
...ocessed volumes from Saleh. Khor Khwair has also previously processed gas from Oman’s nearby Bukha and West Bukha fields, until the sultanate commissioned its Musandam gas processing plant in 2017. Khor Khwair has also processed volumes from the nearby Umm al-Quwain gas field, where Norwell Engineering la...
Volume: 66Issue: 36Published at Fri, 08 Sep 2023 -
Iran Eyes Local Firms For Downstream Boost
...OEC), said on 30 August that “physical progress” had reached 95% at the 210,000 b/d CDU and 100,000 b/d VDU units. The project is financed by a 2017 Sinosure $1.3bn credit line (MEES, 10 February 2017), and Chinese state firm Sinopec has been involved. NIORDC expects the upgrade to be finalised this mo...
Volume: 65Issue: 36Published at Fri, 09 Sep 2022 -
India LNG Imports: Q2 Sees Record Volumes For UAE, Egypt & USA As Qatar Keeps Top Spot
...16 when the emirate regularly had an 80% market share is long gone. Qatar’ Q2 market share of 33.8% was the lowest on record (see chart 2). India was Qatar’s top LNG market for 2020, with 10mn tons versus 9.1mn tons for number two South Korea (MEES, 5 March). But Korea, which was number one for 2017...
Volume: 64Issue: 36Published at Fri, 10 Sep 2021 -
Adnoc Drilling Hopes October IPO Will Lay Groundwork For Regional Expansion
...main unchanged. This will be the second IPO of an Adnoc subsidiary, following the 2017 partial listing of retail subsidiary Adnoc Distribution (MEES, 1 December 2017). With Adnoc advancing ambitious expansion plans on both the upstream and downstream front, the energy giant has sought new, of...
Volume: 64Issue: 36Published at Fri, 10 Sep 2021 -
Egypt Gas Grows Ever More Dependent On Zohr
...t whilst output has risen every year since its December 2017 start-up, recent problems saw Zohr output slump from the record 2.96bn cfd hit in Q1 2021 to just 2.60bn cfd for Q2 (MEES, 13 August). And even for the 2020-21 financial year, whilst Egypt’s overall gas output grew 6% to 6.55bn cf...
Volume: 64Issue: 36Published at Fri, 10 Sep 2021 -
Egypt: Key Shell Offshore Gas Project Faces Uncertainty
...condensate during the 2019-20 financial year to June, a far cry from the 1.3bn cfd it produced in 2013. Years of under-investment and over-drilling saw output collapse to around 200mn cfd in 2018. Phase 9b was finally sanctioned in 2017 although it was only 12 months ago that the phase’s nine we...
Volume: 63Issue: 36Published at Fri, 04 Sep 2020 -
Egypt Oil Targets Recede Into Distance
...clared force majeure on the plant’s ongoing 60,000 b/d expansion (MEES, 24 July). And the country’s other key ongoing expansion, a new 48,900 b/d hydrocracker and 14,900 b/d naphtha upgrader at the 90,000 b/d Asorc refinery in Assiut, southern Egypt (MEES, 15 September 2017), has the same main co...
Volume: 63Issue: 36Published at Fri, 04 Sep 2020 -
US Crude Output: The Only Way Is Up?
...*Latest official US crude output figures for June show output rebounding by 420,000 b/d to 10.436mn b/d from May’s 10.016mn b/d. The May figure was in turn the lowest since December 2017 and a whopping 2.84mn b/d down from last November’s peak of 12.860mn b/d. Indeed the 2.72mn b/d collapse be...
Volume: 63Issue: 36Published at Fri, 04 Sep 2020 -
Israel Sees Record Crude Stockbuild
...e average 2019 figure. Q2 saw quarterly record of 339,000 b/d. *Even allowing for crude re-exports, which hit 92,000 b/d in June, the highest since February 2017, but averaged a far more modest 22,200 b/d for 1H 2020 as a whole, Israel’s net crude imports of 294,800 b/d for Q2 are still over 80...
Volume: 63Issue: 36Published at Fri, 04 Sep 2020 -
EBRD Ups Egypt Renewables Funding For Kom Ombo Solar
...yptian court. Only after the ministry accepted that disputes could be settled internationally did EBRD and the World Bank’s International Finance Corporation (IFC) kick-start Benban development by pledging $1.6bn combined for 27 projects (MEES, 3 November 2017). EBRD is a key backer of Egypt, le...
Volume: 63Issue: 36Published at Fri, 04 Sep 2020 -
Turkey Imports Record Iraq, Saudi Crude In Q2 As Russia Sidelined
...pplier for 2019 as a whole. *Russia’s neighbor Kazakhstan has also been squeezed: from 66,000 b/d for 2019 and a quarterly record 88,000 b/d for Q3 last year to just 32,000 b/d for the most recent quarter. *Perhaps less surprisingly, Iran, which was Turkey’s top supplier for 2017 (wi...
Volume: 63Issue: 36Published at Fri, 04 Sep 2020 -
Covid-19 Whacks Suez Canal Trade Volumes, Revenue
...th the Canal handling northbound shipments of Gulf crude, has also seen volumes fall sharply (MEES, 21 August). GROSS TONNAGE (MN TONS) SLUMPED TO JUST 84MN TONS FOR JUNE, DOWN 15% Y-O-Y REVENUE ($MN) IS AT THE LOWEST SINCE EARLY 2017 SOURCE: SUEZ CANAL AUTHORITY, CA...
Volume: 63Issue: 36Published at Fri, 04 Sep 2020 -
Russia’s Stroytransgaz Bags Iraq E&P Deal
...s Block 12 in Muthanna province. Rosneft acquired the block through its controversial takeover of operator Bashneft in 2017. Russia, and in particular Stroytransgaz, is also picking up upstream assets in eastern Syria, which Anbar province borders. Stroytransgaz will be keen to replicate its co...
Volume: 62Issue: 36Published at Fri, 06 Sep 2019 -
Russians Grab Syria Acreage
...portant backer of the government in Syria’s eight year civil war, and now aims to secure repayment. It is widely expected to win lucrative contracts as Syrian President Bashar al-Assad looks to rebuild the economy (MEES, 22 December 2017). Russia’s Stroytransgaz, which was awarded acreage in Iraq this we...
Volume: 62Issue: 36Published at Fri, 06 Sep 2019 -
Egypt: Key Oil JVs Plan Output Hike
...nuary and July this year, the highest since late 2017: but this is still 27% below 2010 levels. One of the key producers in the region is BP, via its Gupco operations. These are in the process of being taken over by Dragon Oil, a subsidiary of Dubai state firm Enoc, in a deal worth an estimated $500mn (ME...
Volume: 62Issue: 36Published at Fri, 06 Sep 2019 -
Algeria’s Gas Projects: Playing Catch-Up
...me Algeria hit that record, none of the three projects that comprise SWGP had come online. The Repsol-led 2.9bcm/y Reggane Nord started-up in late 2017 and Total’s 1.8bcm/y Timimoun tight-gas project in early 2018. The largest element, the 4.5bcm/y Neptune Energy-operated Touat project, was on the cu...
Volume: 62Issue: 36Published at Fri, 06 Sep 2019 -
PIF Muscles In On Aramco Amid Oil Sector Shakeup
...r Saudi Arabia’s struggles to secure the foreign investment inflows required to boost economic diversity. Whether Mr Khorayef is likely to achieve more success than Mr Falih is far from clear. After all, investors have been deterred by the fallout from the Jamal Khashoggi killing and 2017’s in...
Volume: 62Issue: 36Published at Fri, 06 Sep 2019 -
KRG: Chevron Awards Sarta CPF Contract
...February that various export options implying initial volumes may be temporarily trucked while a spur pipeline is connected to the KRG’s export line to Turkey. Sarta will be the first new field brought online since UAE firm Taqa's Atrush field started production in July 2017 (MEES, 14 July 2017). ...
Volume: 62Issue: 36Published at Fri, 06 Sep 2019