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  1. 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: 64
    Issue: 42
    Published at Fri, 22 Oct 2021

  2. 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: 64
    Issue: 42
    Published at Fri, 22 Oct 2021

  3. 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: 64
    Issue: 42
    Published at Fri, 22 Oct 2021