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ENEC Speaks with MEES About Abu Dhabi’s Game-Changing Barakah Nuclear Plant
...is is just the beginning for ENEC to deliver even more value for the UAE by supporting the global civil nuclear sector. 1: ABU DHABI’S EWEC GAS FEEDSTOCK REQUIREMENTS FALL 30% FROM THEIR 2017 PEAK DESPITE OVERALL GENERATION SOARING (TWh) 2: ABU DHABI ‘CLEAN’ POWER GENERATION (TW...
Volume: 68Issue: 42Published at Fri, 17 Oct 2025 -
Middle East Exporters Maintain Grip On Korea’s Shrinking Crude Oil Market
...*Middle East exporters continue to dominate Korea’s steadily dwindling crude oil market. Korean crude imports over the first nine months of the year are down 2% to 2.77mn b/d, while the Middle East’s share of the total remains steady at 72%. Korean imports peaked at 3.03mn b/d in 2017 and ha...
Volume: 68Issue: 42Published at Fri, 17 Oct 2025 -
Cyprus’ Cronos Gas Find: Eni & Total At Odds Over Development Plan
...2017,” the government source tells MEES. “Maybe Total is unhappy that Cronos gas would go via Eni-operated facilities, potentially to an Eni-operated LNG export plant at Damietta, where it would have zero control over the gas,” the source speculates. Chevron had no such qualms when it fi...
Volume: 67Issue: 42Published at Fri, 18 Oct 2024 -
IEA Points To Lower Forever Oil Markets
...ve fallen to their lowest levels since at least 2017, it adds that “global refined product stocks have swelled to three-year highs, pressuring margins across key refining hubs.” IEA SUPPLY & DEMAND FORECASTS, OCTOBER 2024 (MN B/D) OPEC SUPPLY & DEMAND FORECASTS, OC...
Volume: 67Issue: 42Published at Fri, 18 Oct 2024 -
Egypt: Record Gas Deficit With Output At 7-Year Low
...*August saw Egypt post a new gas deficit (output minus consumption) record of 1.85bn cfd, surpassing the previous month’s record of 1.74bn cfd (MEES, 20 September). Gas output continues to slump, dropping to 4.58bn cfd, the lowest since March 2017 and down over 1bn cfd year on year according to...
Volume: 67Issue: 42Published at Fri, 18 Oct 2024 -
Crescent Activates Iraq Contracts, Targets 250mn cfd In 18 Months
...wer Plant through a 24 inch pipeline.” The executive adds that supplying the 1GW gas-fired facility was agreed with state firm Midlands Oil Company, “with a focus on delivering much needed gas for power generation.” The 700MW plant built in 2017 houses four 180MW GE GT13E2 gas turbines, and was bu...
Volume: 66Issue: 42Published at Fri, 20 Oct 2023 -
Europe Turns To Middle East For Replacement Gasoil Supplies
...rope’s imports from the region (including re-exports from Egypt’s Sidi Kerir) jumped by 131,000 b/d to 559,000 b/d in September. This is the highest figure in Kpler data stretching back to January 2017, topping the previous record of 541,000 b/d set in October 2021. But it is still far from su...
Volume: 65Issue: 42Published at Fri, 21 Oct 2022 -
Sabic: Jubail MEG Start-Up
...bsidiary. United (Sabic 75%, Public Pension Agency 15%, General Organization for Social Insurance 10%) awarded Korea’s Samsung Engineering a $700mn contract for construction of the 700,000 t/y MEG plant in December 2017 with completion initially scheduled for 2020 (MEES, 5 January 2018). The facility was fl...
Volume: 65Issue: 42Published at Fri, 21 Oct 2022 -
Egypt Taps Russian Oil, Israeli Gas To Keep LNG Exports Flowing
...wer plants in a bid to maximize gas available for LNG exports at record global spot prices (MEES, 23 September). Having been at just 20,000 b/d for much of 2020 and 2021, fuel oil burn is now running at the highest level since 2017 with August’s 119,000 b/d only marginally down on July’s four year mo...
Volume: 65Issue: 42Published at Fri, 21 Oct 2022 -
Egypt: Current Account Deficit Soars Amid Tourism Collapse & Record Trade Bill
...overall surplus of $1.9bn for 2020-21, the first such surplus since 2017-18, thanks to a 4-year high $18.3bn of “grants and other net investment” (see chart 4). 4: EGYPT’S BALANCE OF PAYMENTS SWUNG TO A SURPLUS FOR 2020-21 MAINLY DUE TO AN INFLOW OF IMF CASH, HELPING OFFSET A RECORD CU...
Volume: 64Issue: 42Published at Fri, 22 Oct 2021 -
Russia’s Tatneft Returns To Libya
...nister (see p18). Though exploration successes in Libya from the four international bid rounds held after 2004 were few and far between, Tatneft was among those to report modest finds (MEES, 28 July 2017). Tatneft holds eight exploration blocks in Libya spread across the Ghadames and Si...
Volume: 64Issue: 42Published at Fri, 22 Oct 2021 -
Kuwait Oil Company Capacity Slumps To 12-Year Low
...rget to 2040, KOC confirmed to MEES earlier this year. Production capacity has now dropped by 522,000 b/d since peaking at 3.15mn b/d in 2017-18; back then KOC still appeared to be in with an outside chance of reaching its 3.65mn b/d target (MEES, 20 April 2018). Despite bringing online he...
Volume: 64Issue: 42Published at Fri, 22 Oct 2021 -
Egypt’s LNG Exports Face Uncertain Future
...ST 13 CARGOES FOR 2020 VOLUMES ARE SET FOR THEIR LOWEST SINCE KEY OFFSHORE FIELDS STARTED UP IN 2017 SOURCE: BP, KPLER, MEES. EGYPT* IS SET TO LOAD JUST 13 LNG CARGOES IN 2020, LESS THAN A QUARTER OF THE 2019 FIGURE *ALL ELNG. ^PRESUMES REMAINING CARGOES AVERAGE 65,000 TO...
Volume: 63Issue: 42Published at Fri, 16 Oct 2020 -
Eni’s Zohr Under Threat From Water Infiltration
...ffered “steeper then expected declines” after 2017 start-up (MEES, 15 March 2019), whilst Phase-3 (Raven) has been delayed from late 2019 due to a pipeline snafu (MEES, 7 February). Shell’s key offshore WDDM fields, long the main source of feedstock for the 7.2mn t/y ELNG export terminal at Idku (see ma...
Volume: 63Issue: 42Published at Fri, 16 Oct 2020 -
Oman Gas Output To Top 5bn CFD As BP’s Ghazeer Comes Online
...ock’s first phase Khazzan project. The 2017 start-up of Khazzan transformed Oman’s gas fortunes (MEES, 29 September 2017), sparking renewed investment from international majors. All told, Block 61 will now account for more than a quarter of Omani gas and condensate production capacity. “I am de...
Volume: 63Issue: 42Published at Fri, 16 Oct 2020 -
Sunny Hill: All Eggs Now In (Delayed) Algerian Basket
...hedule was for September 2022. Though project delays in Algeria are par for the course – the development of Ain Tsila to produce 3.5 bcm/y (340mn cfd) was originally slated for 2017 start-up (MEES, 21 July 2017) – Sunny Hill is particularly exposed to the risk given that it has now quit all of its other oi...
Volume: 63Issue: 42Published at Fri, 16 Oct 2020 -
Masdar Wins Big Rooftop Solar
...rget figure for rooftop solar capacity, but introduced energy netting regulations in January 2017 to encourage development of systems up to 5MW (MEES, 15 February 2019). Masdar is involved with France’s EdF in two of the largest regional solar projects: 2GW Al Dhafra in Abu Dhabi for start-up in 20...
Volume: 63Issue: 42Published at Fri, 16 Oct 2020 -
Yemen: Second State Firm Restarts Production
...n’t the first firm to restart production following the start of Saudi Arabia’s military campaign in early 2015: state firm PetroMasila resumed production at Blocks 10 & 14 further east in 2016 where it currently produces around 40,000-50,000 b/d (MEES, 15 September 2017). Volumes are exported from the As...
Volume: 62Issue: 42Published at Fri, 18 Oct 2019 -
Algeria’s New Hydrocarbons Law: One Step Forward
...terly failed in bringing outside investment to sustain output – never mind increase it. Algeria’s last four bid rounds saw a measly 13 blocks awarded from an offered 67 (MEES, 20 October 2017). North Africa Risk Consulting’s Geoff Porter says even if the law was to pass in its current form “Al...
Volume: 62Issue: 42Published at Fri, 18 Oct 2019 -
Putin Mideast Tour Shows Off Russia’s Expanded Regional Influence
...esident Vladimir Putin’s first visit to Saudi Arabia in more than a decade and followed King Salman becoming the first Saudi monarch to visit Russia in 2017 (MEES, 6 October 2017). President Putin referenced that historic trip upon arrival in Riyadh on 14 October: “your first ever visit to Russia in Oc...
Volume: 62Issue: 42Published at Fri, 18 Oct 2019