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Libya’s NOC Demands Funds
...derinvestment has taken its toll on the country’s lifeline oil sector. With foreign investors wary, NOC desperately needs cash to maintain its aging and dilapidated energy infrastructure. It also wants to kick-start work on several projects abandoned following the 2011 revolution (MEES, 31 May and MEES, 20 Se...
Volume: 62Issue: 40Published at Fri, 04 Oct 2019 -
Taqa Issues $500mn In Bonds
...ginning in 2013 forced a strategic rethink. The company’s assets are mainly in upstream oil and gas and power. In 2018 Taqa’s power and desalination plants contributed 53% of its income and upstream operations 31%. This marked a major turnaround from 2011, when Taqa’s upstream provided 45% of its income an...
Volume: 62Issue: 40Published at Fri, 04 Oct 2019 -
Mena Petchems Firms See PDH Process As Key To Exploiting Propane Resources
...ypt 2011 *480 EPPC n/a EGPC 0.8 400 PP Ruwais, UA...
Volume: 62Issue: 40Published at Fri, 04 Oct 2019 -
Japan: UAE Overtakes Saudi As Number One Supplier
...*For well over a decade Saudi Arabia had been the unrivalled number one crude and condensate supplier to Japan. Saudi market share climbed above 30% in 2011 and rose steadily to hit 40% in 2017, dipping only modestly to 38.1% for 2018. The UAE (almost all Abu Dhabi) was a distant number two fo...
Volume: 62Issue: 40Published at Fri, 04 Oct 2019 -
Opec Output Slumps As Ecuador Quits
...oduction in late 2018 (MEES, 7 December 2018). Libyan output too has risen by 170,000 b/d, but the country is one of two members exempt from production restrictions as it seeks to return a semblance of stability to the country following the 2011 revolution and subsequent civil war. Output jumped 70...
Volume: 62Issue: 40Published at Fri, 04 Oct 2019 -
Eni, Shell & OMV In Tunisia: Will They Stay Or Will They Go?
...llowing the 2011 revolution and brought online production from scratch. MAZARINE: SMALL FIRM, BIG PLANS Mazarine started its Tunisian operations (at the time its sole focus) in 2013, acquiring a 45% stake in the Zaafrane exploration permit in the southwest of the country. It struck oil there in 20...
Volume: 62Issue: 40Published at Fri, 04 Oct 2019 -
Tunisia’s Upstream: Can It Emerge From A Lost Decade?
...Tunisia’s oil and gas output has been on a downward trajectory for almost a decade. Political instability unleashed following the 2011 revolution paralyzed the country’s upstream. But Industry Minister Slim Feriani has been battling to turn things around and is determined to see “the glass ha...
Volume: 62Issue: 40Published at Fri, 04 Oct 2019