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Egypt Gas Output Set To Soar By 2020
...785bn cfd, almost 2bn cfd higher than the previous annual output record set in 2011. Whilst demand is also set to rise strongly in 2019-20, by 447mn cfd (7%) to a record 6.831bn cfd, this will nevertheless, according to the projections, mean a surplus of over 950mn cfd. This implies surplus gas eq...
Volume: 60Issue: 44Published at Fri, 03 Nov 2017 -
Algeria: In Amenas Hits Record Production As In Salah Output Halves
...natrach, produced an average 876mn cfd in the second quarter, the highest since Q1 2011 (see chart). This was followed by 837mn cfd in the third quarter, also higher than any quarter between Q1 2011 and Q2 2017, according to MEES calculations based on Q3 figures published by Statoil on 26 October. The re...
Volume: 60Issue: 44Published at Fri, 03 Nov 2017 -
Iraq Export Revenues Soar
...vel since the 2011-14 halcyon years of $100/B-plus crude. A full year of $56/B for Iraqi crude would imply $70bn revenue – perhaps enabling Baghdad to begin diverting funds to much-needed upstream investment. Increased revenues could have important implications for Iraq’s much-maligned te...
Volume: 60Issue: 44Published at Fri, 03 Nov 2017 -
Kuwaiti Government Resigns As Political Dysfunction Grows
...aikh Sabah al-Ahmad Al Sabah reappointed Jabir Al Sabah as prime minister on 1 November and charged him with appointing the new cabinet. He has held the post since December 2011, and this will be the seventh cabinet he has headed in just six years. NEW OIL MINISTER COMING? Parliament on...
Volume: 60Issue: 44Published at Fri, 03 Nov 2017 -
Libya: Wintershall Output Down, Dispute Continues
...mething close to capacity. The combined capacity of the fields has fallen to 80,000 b/d from 100,000 b/d prior to the 2011 Revolution, but only in 2012 did they manage to produce at this level. Production resumed on 16 September 2016 after a 10-month outage, but with only the NC-96 field operational, pr...
Volume: 60Issue: 44Published at Fri, 03 Nov 2017