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Qatar Petroleum Finalizes Idd al-Sharghi Takeover
...ES, 16 March 2018). QP partners France’s Total at Al Khalij and Al Shaheen, with the contracts restructured in 2014 and 2017 respectively. KEY QATAR OIL INFRASTRUCTURE QATAR MARINE GOING EAST Idd al-Sharghi’s 100,000 b/d capacity is by far the largest contributor to th...
Volume: 62Issue: 41Published at Fri, 11 Oct 2019 -
Iran Presses On With South Pars Development Despite CNPC Pullout
...velopment of Iran’s South Pars gas field (see map). The $4.8bn July 2017 contract was highly touted as the first major post-sanctions award to foreign firms (MEES, 7 July 2017). But, unfortunately for Tehran, it failed to spur further awards and ultimately has come to naught thanks to the return of sa...
Volume: 62Issue: 41Published at Fri, 11 Oct 2019 -
South Pars Oil Field: No Takers
...ich is operated by a 70:30 JV of Qatar Petroleum and Total. South Pars crude is heavy at 21° API and production started in 2017 (MEES, 24 March 2017) with capacity currently around 35,000 b/d. Denmark’s Maersk, which operated Al Shaheen until 2017, had been keen to take on the project prior to its ta...
Volume: 62Issue: 41Published at Fri, 11 Oct 2019 -
NOC Eyes Russian Firms’ Return
...king a full return, however. Tatneft was awarded eight exploration blocks (Areas 69, 82 & 98) in Libya in 2005 and 2007 (MEES, 28 July 2017, see map). It struck oil several times, but was forced to exit in 2011 as it was preparing for a fresh drilling campaign. It has been one of the few co...
Volume: 62Issue: 41Published at Fri, 11 Oct 2019 -
Russia SWF Opens Saudi Office
...sit Russia in a landmark October 2017 visit which publicly demonstrated the warming relations (MEES, 6 October 2017). So far, the strengthening of ties has been primarily played out in the oil markets arena, with Russia and Saudi Arabia the key players in the Opec+ production agreement. The next st...
Volume: 62Issue: 41Published at Fri, 11 Oct 2019 -
Opec Faces Up To Global Demand Slowdown
...awdown in September. Overall, the IEA put August OECD inventories at 2,974mn barrels, which was “the highest level since September 2017 and were 43.1mn barrels above the five-year average.” Meanwhile, Opec put inventories somewhat lower at 2,937mn barrels, and just 11mn barrels above the five-ye...
Volume: 62Issue: 41Published at Fri, 11 Oct 2019 -
Turkey Ups Cyprus Ante By Drilling South Of The Island
...sitant to restart talks after the failure of a summit in the Swiss resort of Crans-Montana in 2017. Turkey’s actions could be the catalyst that pushes the Greek Cypriots to get back to the table, with Ankara looking unlikely to back off until a solution is found....
Volume: 62Issue: 41Published at Fri, 11 Oct 2019 -
Turkey Deployment To Reshape Syria Conflict
...fineries or ‘exported’ to regime-held areas. Estimates of current output from the Kurdish-held region vary. But MEES puts current production at 60,000 b/d. SDF operations against Islamic State militants saw Kurdish forces take nearly the entire east bank of the Euphrates in the second half of 2017. The ar...
Volume: 62Issue: 41Published at Fri, 11 Oct 2019 -
Egypt, Ethiopia Hit Dam Deadlock
...uld prove to be a blessing in disguise, giving Ethiopia and Egypt time to come to a compromise. Slated to be complete in July 2017, the most recent delay came in April last year when Ethiopia’s newly elected Prime Minister Abiy Ahmed launched investigations into key projects awarded by his pr...
Volume: 62Issue: 41Published at Fri, 11 Oct 2019 -
Aramco Eyes Major Ethylene-Based Texas Expansion
...creasingly in demand in the automotive market (MEES, 28 July 2017). Satorp refinery already has aromatics capacity, delivering up to 1mn t/y of paraxylene, benzene and propylene. The Satorp partners are building an 800,000 t/y polyethylene plant as part of the integration, but are offering some of the cr...
Volume: 62Issue: 41Published at Fri, 11 Oct 2019