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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