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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 -
Saudi Crude Exports Rebound Following Abqaiq Attack
...2,000 b/d in August. But this was dwarfed by a spike in reported fuel oil consumption – primarily consumed for electricity generation including powering water desalination – to a record 800,000 b/d that month. This drove overall oil burn up to a new monthly record of 1.44mn b/d, surpassing July 2017’s pr...
Volume: 62Issue: 42Published at Fri, 18 Oct 2019 -
Qatar Powergen Breaks New Records After 2018 Downturn
...ar. Should the 20% year-on-year growth seen in the first eight months be maintained for the remainder of 2019 this implies a record 47.3TWh for the year as a whole, some 8% above the previous record of 43.9TWh set in 2017 (see chart 2). As with Qatar’s neighbors, electricity demand is highly se...
Volume: 62Issue: 42Published at Fri, 18 Oct 2019 -
Pakistan’s Oil & Gas Imports: Gulf Dependence Intensifies
...minant. Given the dire state of relations between Qatar and the other two since 2017 this has at times put a strain on Pakistan’s regional diplomacy. Pakistan imported just shy of 400,000 b/d of crude and key oil products in the financial year to June 2019. Of this, over 94% came from Gulf countries wi...
Volume: 62Issue: 42Published at Fri, 18 Oct 2019 -
Rosneft Advances KRG Oil
...Russia’s Rosneft is making swift progress on developing its assets in Iraqi Kurdistan, VP Eric Liron told state news agency TASS in an interview this week. The state giant bagged five “production blocks” in mid-2017 (MEES, 16 June 2017), and has focused particularly on Block 11’s Bijeel field wh...
Volume: 62Issue: 42Published at Fri, 18 Oct 2019