1. Iran Inks Petchems Deals With Shell, Sojitz; Tatneft Signs Up For EOR

    ...rms, with well-connected local firm Persia Oil and Gas (MEES, 7 October). At the signing of the NPC/Shell deal, deputy petroleum minister Amir Zamaninia said Iran aims to sign upstream deals worth $10bn by the end of the current Iranian year in March 2017.  IRAN’S POST-SANCTIONS PRELIMINARY PE...

    Volume: 59
    Issue: 41
    Published at Fri, 14 Oct 2016
  2. Liwa Plastics Delayed To 2020

    ...ogram. The company is also spending  $2.1bn on expanding – from 116,000 b/d to 197,000 b/d – and upgrading its Sohar refinery. The schedule here has also slipped, from 2016 to Q1 2017 (MEES, 19 August), with the UK’s Petrofac and Korea’s Daelim the key contractors. Orpic is also building 290km of 93...

    Volume: 59
    Issue: 41
    Published at Fri, 14 Oct 2016
  3. Opec Cut Plans: Will They Happen? Will They Work?

    ...ices what will be the reaction from the shale oil production and how will that once again affect the market?” Without any Opec action, the IEA expects the market to rebalance in the second half of 2017 Mr Birol says. This is backed up by data from its latest Monthly Oil Market Report (MOMR), re...

    Volume: 59
    Issue: 41
    Published at Fri, 14 Oct 2016
  4. Saudi Debt Doubles, Further Rise Planned With Imminent Bond Launch

    ...e exact stake has yet to be decided upon. On timing, Mr Nasser says that the market is now recovering and “we expect it to recover even more in 2017, and I think the time in 2018 will be almost right.” All potential listing locations remain on the table for the kingdom, including New York, London, Ho...

    Volume: 59
    Issue: 41
    Published at Fri, 14 Oct 2016
  5. Algeria Gets Real With $50/B 2017 Budget Oil Price

    ...Algeria is finally adopting a realistic oil price of $50/B in its 2017 draft budget, instead of the $37/B “reference fiscal price” which was assumed in all previous budgets since 2009. This bore no resemblance to actual market prices, especially at times when the price of Algeria’s Saharan Bl...

    Volume: 59
    Issue: 41
    Published at Fri, 14 Oct 2016
  6. Gulf Equity Markets: Change Is Afoot

    ...d the introduction of securities lending and covered short selling regulations. The proposed changes will be the subject of new regulations published by the CMA in the first half of 2017 (MEES, 20 May).  “Whilst some of these amendments focused on loosening previous rules on participation and ow...

    Volume: 59
    Issue: 41
    Published at Fri, 14 Oct 2016