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Petrofac Hopes To Turn Page After UK Bribery Conviction
...UK-based services firm Petrofac is hoping to put a scandal-riven few years behind it after a UK court on 4 October found it guilty on seven counts of bribery involving payments of $44mn to secure $3.5bn of contracts in Gulf countries between 2011 and 2017. In a case brought by the UK’s Se...
Volume: 64Issue: 40Published at Fri, 08 Oct 2021 -
Lebanon-Israel Talks
...d Russia’s Novatek still bid (and were awarded) Lebanon’s Block 9 in 2017 – though the French giant explicitly noted it wouldn’t drill within disputed waters (MEES, 16 February 2018). The first well is expected early next year following the consortium’s flop in Block 4 earlier this year (MEES, 1 Ma...
Volume: 63Issue: 40Published at Fri, 02 Oct 2020 -
Iran Confident Jask Terminal On Track For 2021 Start
...ippage. At 1mn b/d, Jask will be Iran’s second largest crude export terminal upon completion, behind the Kharg Island facilities which Iran puts at a massive 8mn b/d (MEES, 30 June 2017). Condensate meanwhile is exported from the Assaluyeh terminal. While Jask’s location outside of the Strait of Ho...
Volume: 62Issue: 40Published at Fri, 04 Oct 2019 -
Iraqi Government Formation Gathers Pace
...om within the Kurdistan political establishment may be little more than tepid. His support for last year’s controversial independence referendum (MEES, 22 September 2017) was cool at most: the dominant Kurdistan Democratic Party (KDP) backed Mr Masum for the presidency. On the international stage it...
Volume: 61Issue: 40Published at Fri, 05 Oct 2018 -
KRG Vote: No Change
...aq’s May elections and September 2017’s controversial independence referendum) and concerns over corruption. Indeed, allegations of election fraud since the polls are rife. The duopoly of the dominant Kurdistan Democratic Party (KDP) and the Patriotic Union of Kurdistan (PUK) was further entrenched as...
Volume: 61Issue: 40Published at Fri, 05 Oct 2018 -
Iran Awards Key Contract For Strategic Hormuz Bypass Project
...ports – overwhelmingly from Kharg Island, with small volumes from nearby Soroosh – averaged 2.1mn b/d in 2017, alongside a further 490,000 b/d condensate from Assaluyeh, for a combined 2.6mn b/d. But with the imminent return of US oil-sector sanctions after 4 November, Iran’s oil exports have already be...
Volume: 61Issue: 40Published at Fri, 05 Oct 2018