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Egypt Gas Hub Ambitions Gather Pace
...the end of June 2014, and institutional bureaucracy which kept them away. Prior to 2015, oil firms operating in Egypt were paid $2.65/mn BTU for the gas they sold the state. This pricing failed to take into consideration deeper offshore and more complex discoveries. BP held-off on sanctioning WN...
Volume: 61Issue: 40Published at Fri, 05 Oct 2018 -
Iraqi Government Formation Gathers Pace
...al with his counterpart Ashti Hawrami in 2014 giving Iraq access to the KRG’s 700,000 b/d export pipeline to Ceyhan, Turkey (MEES, 5 December 2014). Baghdad would have otherwise had to shut-in the bulk of its production from Kirkuk following the Islamic State’s 2014 advance in which they damaged Ir...
Volume: 61Issue: 40Published at Fri, 05 Oct 2018 -
Houthis Eye Tempting Target
...Since Aramco began building the Jazan refinery and associated oil terminal in 2014, the local geopolitical situation has deteriorated sharply, with Riyadh supporting the Yemeni government in its campaign to quell Houthi rebels, whose area of operation is just south of Jazan in northern Ye...
Volume: 61Issue: 40Published at Fri, 05 Oct 2018 -
Saudi-Kuwait Neutral Zone: No Deal
...d is the only such foreign firm in either country’s upstream. PNZ output was around 440,000 b/d in the first half of 2014 before the 240,000 b/d offshore output was halted in October 2014, with the onshore portion’s 200,000 b/d stopped in May 2015 (MEES, 31 July 2015). ...
Volume: 61Issue: 40Published at Fri, 05 Oct 2018 -
Saudi Steps Up Spending In Bid To Boost Economy
...e 2014 oil price collapse, the Saudi government has more recently turned to debt markets. This enabled foreign reserves to rise to an 18-month high of $510bn at end-August, though this is still well down on its August 2014 peak of $746bn (see chart MEES, 5 October). Having raised $21.5bn in 20...
Volume: 61Issue: 40Published at Fri, 05 Oct 2018 -
Aramco Ready To Fire Up Power Plant As Key Jazan Projects Near Completion
...C First phase 1mn t/y steel billets, second phase 1mn t/y Steefco (2014) 0.04 Within JEC Forming, coating 180,000 t/y of steel rebar and mesh U/C: Jazan refinery (2019) 7.00 Within JEC 400kb/d CDU. Output in...
Volume: 61Issue: 40Published at Fri, 05 Oct 2018