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Exxon: Turning Disadvantaged Barrels Into Advantaged Ones
...years of conflict following the 2011 revolution, ExxonMobil is also eying a return after more than a decade. It signed an MoU with the NOC in August (MEES, 8 August), to examine four offshore blocks located off the northwest coast and the country’s Sirte Basin. “This partnership agreement brings to...
Volume: 68Issue: 42Published at Fri, 17 Oct 2025 -
Russia’s Tatneft Returns To Libya
...Tatneft is drilling an appraisal well it was forced to abandon in 2011. The firm also has development plans for existing discoveries, but will the country’s current calm last? Russian oil firm Tatneft has finally restarted drilling operations in Libya, more than a decade after fleeing the co...
Volume: 64Issue: 42Published at Fri, 22 Oct 2021 -
Korea Crude Imports 6-Year Low, Taiwan Lowest In Decades
...65mn b/d (see table, p8). For Taiwan, Q3 imports of just 701,000 b/d were further down on the multi-decade low of 721,000 b/d set the previous quarter (see table). At 760,000 b/d for the first nine months of 2020, volumes are on track to come in below 2011’s 774,000 b/d as the lowest annual figure this mi...
Volume: 63Issue: 42Published at Fri, 16 Oct 2020 -
Pakistan’s Oil & Gas Imports: Gulf Dependence Intensifies
...mand however (MEES, 22 February). IRAN ANOMALIES Officially Pakistan’s imports from Iran for both crude and key refined products have been zero since 2011-12. But a more detailed look at the customs stats throws up some anomalies. Pakistan imported 153,600 tons of ‘white spirit’ (customs co...
Volume: 62Issue: 42Published at Fri, 18 Oct 2019 -
Tunisia Elects New President
...Saied appears to have ridden a wave of disillusionment with established political figures who have been unable to deliver the expected economic fruits of the 2011 Jasmine Revolution. He wants to bring about a form of direct democracy whereby elected local officials would choose regional assemblies wh...
Volume: 62Issue: 42Published at Fri, 18 Oct 2019 -
Qatar Petroleum To Replace Oxy At Key Offshore Field
...da as energy minister and QP chairman in 2011 (MEES, 21 February 2011) and has accelerated since Mr Kaabi’s appointment in September 2014 (MEES, 19 September 2014). When Total’s PSA for the 25,000 b/d Al-Khalij expired in 2014 the structure was replaced with a joint venture agreement (QP 60%, To...
Volume: 61Issue: 42Published at Fri, 19 Oct 2018 -
Syria: Gas Output At 75% Pre-War Levels, Oil Recovery Lags
...ll. In this way, the country’s modest yet domestically important oil and gas sector is increasingly crucial to Syria’s political landscape. Before 2011’s descent into chaos, hydrocarbons were a cornerstone of the Syrian economy. Oil production, though steadily on the decline from a record 61...
Volume: 61Issue: 42Published at Fri, 19 Oct 2018 -
Aramco Chinese Refinery MOU
...0,000 b/d refinery and associated petchems project in Zhejiang province together with Shell and PetroChina (MEES, 17 October 2011). But this project, at Taizhou, around 200km south of Zhoushan was canned in 2013....
Volume: 61Issue: 42Published at Fri, 19 Oct 2018 -
Algeria’s Plans For Shale Gas Development Remain A Distant Hope
...gned a headline agreement with Italy’s Eni for shale gas development in April 2011, and other headline deals followed. The government held an international shale gas workshop in February 2012. But the government faces major local opposition to the development of shale. In 2015, efforts to start assessing ex...
Volume: 60Issue: 42Published at Fri, 20 Oct 2017 -
Saudi ‘Demonstrates Leadership’ by Keeping Crude Exports Low
...ptember). As a result, Saudi Arabia is on course to export around 6.7mn b/d on average in Q3, its lowest quarterly figure since Q1 2011. Some of the deepest cuts have been felt by the US. US crude imports from Saudi in October fell to 666,000 b/d, the lowest in almost 30 years (MEES, 20 October). They ap...
Volume: 60Issue: 42Published at Fri, 20 Oct 2017 -
ExxonMobil Relinquishes Fourth KRG Block, Walking Away From Al Qosh
...US major ExxonMobil tells MEES that it has relinquished its stake in the Al Qosh block in north western Kurdistan. Following last year’s relinquishment of three blocks in Kurdistan, ExxonMobil is now left with just two of the six assets it controversially signed up to in 2011 (MEES, 21 No...
Volume: 60Issue: 42Published at Fri, 20 Oct 2017 -
Egypt Gets Debt Relief
...ost its dwindling forex reeserves after the 2011 revolution. Having fallen to $15.1bn in 2012, they hit a post revolution high of $36.5bn in September. Mr ‘Amir added that China has also agreed to extend the maturity of a $2.7bn three-year currency swap, signed with the People’s Bank of China last ye...
Volume: 60Issue: 42Published at Fri, 20 Oct 2017 -
Libya Output Continues To Rise In Wake Of Renewed Sirte Basin Production
...pacted Waha capacity. The Hess report implied crude production potential of 270,000-275,000 b/d, in line with the highest quarterly output achieved since 2011 (269,000 b/d for both Q1 and Q2 2013). The consortium had planned to increase capacity on the Waha fields to 500,000-600,000 boe/d by the de...
Volume: 59Issue: 42Published at Fri, 21 Oct 2016 -
Korea LNG Buying Falls To Seven-Year Low In Q3
...ngle supplier, providing 45% of total imports in Q3, some 2.75mn tons. This is Qatar’s highest quarterly share on record: despite growing regional LNG supplies, from Australia in particular, Qatar has steadily grown its market share in South Korea since it bottomed out at 22.2% in 2011 (see table). Th...
Volume: 59Issue: 42Published at Fri, 21 Oct 2016 -
Saudi Oil Exports Fall Amid Record Products Demand & Oil Burn
...urth consecutive month of net gasoline exports, a feat not achieved since November 2011. Saudi Arabia is on track to be a net gasoline exporter for the first time since 2011. SAUDI OIL EXPORTS REMAIN AT NEAR RECORD LEVELS (MN B/D) SAUDI PRODUCTS EXPORTS DOWN SLIGHTLY FROM 1H16 RE...
Volume: 59Issue: 42Published at Fri, 21 Oct 2016 -
Iraq’s Mosul Offensive Begins Amid Patchwork Coalition
...serves are in territories which were controlled by Kurdish forces even prior to June 2014. ExxonMobil secured production sharing agreements (PSA) from the KRG for six blocks in 2011, including Baeshiqa and al-Qush, which extend into Ninawa’s disputed territory. Secondly the Sunni Arab force trained an...
Volume: 59Issue: 42Published at Fri, 21 Oct 2016 -
Kuwait Dissolves Parliament Amidst Subsidy Reform Uproar
...12 2011 bn...
Volume: 59Issue: 42Published at Fri, 21 Oct 2016 -
Zueitina Restart Small Sign Of Hope For Libya’s Oil Prospects
...e terminal also provides a route to market for crude from the Nafoora field in the Sirte basin, operated by Libyan state firm Agoco in partnership with the Zueitina consortium. The field, which was producing about 60,000 b/d prior to the outbreak of conflict in 2011, has usually exported via the Ras La...
Volume: 58Issue: 42Published at Fri, 16 Oct 2015 -
Morocco’s LNG Plans Pose More Questions Than Answers
...nvention signed with Sonatrach in 2011, Morocco will become the full owner of its section of the GME pipeline in 2021, which is hoped will give it leverage when renegotiating the contract with the Algerian supplier. “We want to diversify our sources,” Mr Gamah says, adding that future LNG supplies, and an on...
Volume: 58Issue: 42Published at Fri, 16 Oct 2015 -
Iraq Progresses With Giant Gas-Fired Plant, But Where’s The Fuel?
...ptember). IRAQ CRUDE BURN TOPS 220,000 B/D AS GAS INFRASTRUCTURE FAILS TO KEEP PACE WITH POWER DEMAND IRAQ GAS PRODUCTION (MN CFD) 2009 2010 2011 2012 20...
Volume: 58Issue: 42Published at Fri, 16 Oct 2015