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Iraq Hopes Major Interest Will Spur Capacity Growth
...strictions. Since 2014, Iraq has announced numerous capacity targets, but most have failed to materialize. Officials this year signaled plans to increase capacity to 6-7mn b/d by the end of the decade. This would keep Iraq ahead of the UAE as Opec’s second largest producer, though the UAE could overtake it as it...
Volume: 68Issue: 43Published at Fri, 24 Oct 2025 -
Kuwait Sets Out Plan To Reverse Capacity Losses
...e long-overdue facility is one of a trio of identical plants which were originally intended to boost North Kuwait conventional output up to 1mn b/d (MEES, 11 July 2014). Instead, North Kuwait capacity last year was just 563,000 b/d. Looking ahead, Mr Hashem says that a central plank of KOC’s pu...
Volume: 64Issue: 43Published at Fri, 29 Oct 2021 -
Iraq: New Government, Old Problems
...Adil Abd al-Mahdi was confirmed as Iraqi Prime Minister late on 24 October as he managed to secure parliamentary approval for the bulk of his cabinet nominees. His predecessor Haidar al-Abadi is undeniably bequeathing Mr Abd al-Mahdi a more stable situation than the one he inherited in 2014 (ME...
Volume: 61Issue: 43Published at Fri, 26 Oct 2018 -
Libya Oil Output Boosted By Sirte Basin Rebound
...oss output of 122,000 boe/d, comprising 116,000 b/d of crude and 40mn cfd of gas – levels that were last seen (if only briefly) in late 2014. These and the latest figures suggest that Waha is not far behind NOC targets set at the beginning of the year, which envisaged Waha output hitting 130,000 b/d in...
Volume: 60Issue: 43Published at Fri, 27 Oct 2017 -
Medco Announces $180mn Impairment On Libya’s Area 47
...early 2013, and in March that year said that first production would be delayed by two years to 2016. Three wells were drilled in 2014, all yielding discoveries. The government approved the declaration of commerciality of three more structures on Area 47–B, C and J in September 2014. This added 2P re...
Volume: 60Issue: 43Published at Fri, 27 Oct 2017 -
Jordan: Opposition To Israel Gas Deal Strong But Ineffectual
...rged Egyptian gas was cut-off in 2011, its deficits were close to this $700mn figure, reflecting a state subsidy through debt. Despite the economic necessity, domestic politics weigh heavy and a letter of intent with almost identical terms that was signed in September 2014, was canned just over a ye...
Volume: 59Issue: 43Published at Fri, 28 Oct 2016 -
Climate Change And The Oil & Gas Sector: More Risks Than Opportunities?
...in September 2014, the CEOs of 10 of the world’s largest oil and gas companies, including Saudi Aramco, last week issued a statement in which they committed to play their part to reduce greenhouse gas (GHG) emissions and reach the world’s long-term goal of limiting global average temperature in...
Volume: 58Issue: 43Published at Fri, 23 Oct 2015 -
China Seeks Bigger Role In Oil Pricing
...formation Agency (EIA) said in a March 2014 report that China overtook the US to become the largest net importer of crude oil and other liquids in the world in September 2013. It also pointed out the 31% rise in US indigenous oil production, mainly from tight oil plays, between 2011 and 2014, compared with ex...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Dana Gas Goes To Court As Relations With The KRG Sour
...nel to increase production and realize international prices for exports. “We have not yet given guidance for production for 2014, but developments at Taq Taq and Tawke are on track to deliver 140,000 b/d of working interest capacity by year-end 2014, Mr Hayward said. He put current exports by...
Volume: 56Issue: 43Published at Fri, 25 Oct 2013 -
Baghdad On Course For 3.5Mn B/D By Year-End
...-‘Amaya. However, Iraqi Oil Minister ‘Abd al-Karim al-Laibi is confident that Iraq will achieve its output target of 3.5mn b/d by the end of this year and an export target of 3.4mn b/d in 2014, including a Kurdish contribution of 400,000 b/d. Still, the Kurdistan Regional Government (KRG) appears be...
Volume: 56Issue: 43Published at Fri, 25 Oct 2013 -
Tamar Partners To Supply Dorad Energy With Gas
...fshore infrastructure in order to meet contracted supplies. But as some buyers will not be ready to receive gas until the end of 2014 or later, the Tamar partners are expected to be able to juggle deliveries. However, an offshore LNG regasification facility supplied by Excelerate of the US is due to come in...
Volume: 55Issue: 43Published at Fri, 19 Oct 2012