1. Kuwait Gets Jurassic Gas Boost, Eyes Further 2020 Gains

    ...al problems began when Shell won an enhanced technical service agreement (ETSA) for development of the fields in 2010 (MEES, 22 February 2010). Mired in parliamentary enquiries from 2011 (MEES, 4 July 2011) to 2016, Shell was initially unable to make progress (MEES, 29 April 2016). But the election of...

    Volume: 61
    Issue: 38
    Published at Fri, 21 Sep 2018
  2. Abu Dhabi Plots $3bn Windfall From Cepsa IPO: What’s For Sale?

    ...plying that Abu Dhabi can expect to raise just under $3bn for a 25% stake. Cepsa plans to triple its value by 2030. The latest valuation represents a modest premium to the implied €7.5bn valuation when Abu Dhabi state investment firm IPIC assumed full control of the company in 2011, paying €3.97bn fo...

    Volume: 61
    Issue: 38
    Published at Fri, 21 Sep 2018
  3. Egypt Sees End To Water Tension With Ethiopia: Is It In Denial?

    ...ue Nile as a key source of power were taken by Egypt as a threat to what the country has seen as its birthright since the time of the Pharaohs. Construction began in 2011, leading then Egyptian President Muhammad Mursi to say in 2013 that “Egypt’s water security cannot be violated in any way.” He ad...

    Volume: 61
    Issue: 38
    Published at Fri, 21 Sep 2018
  4. Iran Offers Big Discounts To Retain Customers

    ...dn’t have to cut prices to such levels even during the previous tightening of sanctions from 2011-2016 (see chart 1). Iran’s five key Asian buyers took 1.66mn b/d for 2017, 68% of Iran’s 2.46mn b/d crude and condensate sales, highlighting their critical importance to the Iranian economy. In 2011, th...

    Volume: 61
    Issue: 38
    Published at Fri, 21 Sep 2018
  5. Egypt-Cyprus Pipeline Deal

    ...s way from Cyprus to Egypt. The 4.2tcf 2011 Aphrodite discovery, and estimated 6-8tcf Calypso field discovered in January this year, are to-date the only discoveries made offshore the small Mediterranean island; neither has reached FID. Nicosia is currently in discussions with the Aphrodite pa...

    Volume: 61
    Issue: 38
    Published at Fri, 21 Sep 2018