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Libya Crude Exports Surge As Officials Hail ‘Golden Opportunity’ For Investors
...e highest quarterly figure since the country’s 2011 revolution. In the first nine months of the year, exports averaged a record 1.19mn b/d, up 24% from 965,000 b/d in 9M 2024 (see chart 1). Meanwhile, output figures continue to hit record highs, averaging 1.38mn b/d for the first nine months of...
Volume: 68Issue: 45Published at Fri, 07 Nov 2025 -
Ethiopia Completes Nile Dam
...Construction of the giant Grand Ethiopian Renaissance Dam (GERD) is “100% complete,” Ethiopian Prime Minister Abiy Ahmed announced last week during a parliament session in Addis Ababa. Since 2011, the construction and filling of the GERD have strained relations between Ethiopia and do...
Volume: 67Issue: 45Published at Fri, 08 Nov 2024 -
Russia’s Tatneft Returns To Libya, Again
...tneft’s on/off exploration work in Libya since the 2011 revolution set off a decade of – still ongoing – political instability. The firm last year returned to drill appraisal well ‘B2’ on Block 4, but results were not made public (MEES, 22 October). NOC says it held a meeting with Tatneft officials wh...
Volume: 65Issue: 45Published at Fri, 11 Nov 2022 -
Libya In Race Against Time To Boost Output
...ve to exploit what we have quickly and develop our country and Africa,” he told this week’s Africa Energy Week conference in Cape Town. Libya’s near-constant instability since the overthrow of Muammar Gaddafi in 2011 has hampered efforts to rebuild the lifeline oil sector. Production is currently 1....
Volume: 64Issue: 45Published at Fri, 12 Nov 2021 -
Apache Egypt Oil Output Slumps To 11-Year Low
...opped to 14, the lowest number since Q3 last year. Inevitably gross oil output has also declined, falling to an 11-year low 161,100 b/d for Q3, down 7% on Q2 and down 27% on record oil output of 220,000 b/d set in Q3 2011 (see chart 2). “Gross production declined as a result of significant drilling ac...
Volume: 63Issue: 45Published at Fri, 06 Nov 2020 -
Record Saudi Gas Output Helps Prevent Oil Burn Spike
...D) CONVERTED FROM BTU TO CFD UNTIL 2011. SOURCE: SAUDI ARAMCO, MEES. 2. SAUDI OIL BURN WAS FLAT YEAR-ON-YEAR IN Q3 DESPITE INCREASED POWER DEMAND ('000 B/D) *PRESUMES ALL FUEL OIL CONSUMPTION IS BURNED: SOME IS USED IN MARINE BUNKERING. EXCLUDES SMALL VOLUMES OF DIESEL. **JULY-AUG AC...
Volume: 63Issue: 45Published at Fri, 06 Nov 2020 -
Cyprus Advances Aphrodite Development
...Cyprus issued its first ever “exploitation license” this week to the partners in the 4.2tcf Aphrodite gas field. Energy Minister Giorgos Lakkotrypis says the event is “especially important” whilst cautioning that this is just the first step in a long road before Aphrodite, discovered in 2011, ca...
Volume: 62Issue: 45Published at Fri, 08 Nov 2019 -
Algeria’s Renewables Plans Struggle To Advance
...newables dreams. It set a 22GW 2030 renewables target in 2011 but has little to show for it. For a country with abundant sun but reliant on stretched natural gas resources for power, this is a cause for concern. It only has 410MW of solar PV (mostly localized generation in remote areas: a mere 10MW is on-gr...
Volume: 62Issue: 45Published at Fri, 08 Nov 2019 -
Israel: Pipeline Bottleneck Blunder Adds to Exports Headache
...19,” with “technical evaluation” and “flow reversal planning” ongoing – the route was previously used to ship Egyptian gas to Israel. But volumes halted in 2011 amid pipeline bombings, political disputes and an underlying shortage of Egyptian gas to export (MEES, 1 August 2011). Noble’s timeline lo...
Volume: 61Issue: 45Published at Fri, 09 Nov 2018 -
Qatar Petroleum Chief Consolidates Energy Sector Grip With Cabinet Seat
...nounced a cabinet reshuffle on 4 November in which QP CEO Saad Sherida al-Kaabi was appointed Minister of State for Energy Affairs. Mr Kaabi has replaced Minister of Energy and Industry Muhammad al-Sada who had held the post since January 2011 (MEES, 24 January 2011). As minister, he will have “overall re...
Volume: 61Issue: 45Published at Fri, 09 Nov 2018 -
Reality Sets In As KRG Imagines Life With Less Oil
...eld, which South Korea’s Kogas signed a contract to develop in 2011 (MEES, 13 June 2011). Akkaz was slated to produce 400mn cfd, but security concerns and the Islamic State’s advance halted development. US-mediated talks over joint KRG-Iraq control of international border crossings in Iraqi Ku...
Volume: 60Issue: 45Published at Fri, 10 Nov 2017 -
Saudi Rig Count Rebounds As Focus Turns Offshore
...azil’s offshore rig count remained at 10 in October, less than a quarter of peak 2011-13 levels, but it is due to rise after a slew of recent rewards. Brazil awarded six of eight deepwater ‘pre-salt’ blocks on offer last month: three to Anglo-Dutch major Shell, BP took two, and ExxonMobil one, in the cl...
Volume: 60Issue: 45Published at Fri, 10 Nov 2017 -
Oman Power: Foot Off The Gas Despite Khazzan Progress
...readbare international project pipeline. When asked on the firm’s 1 November Q3 earnings call “Given the [cost] deflation you have seen, is it time to step up the FIDs [final investment decisions]?” CFO Brian Gilvary says “we rebuilt the company over 2011 to 2014 [with a massive sell-off of assets to fund ‘De...
Volume: 59Issue: 45Published at Fri, 11 Nov 2016 -
Lebanon: Can New President Get The Country Moving?
...abs to Lebanon, with detrimental effects on growth. Latest IMF statistics show that Lebanon’s real GDP growth in 2011-12 averaged 4.6%, but has slumped to 1% in 2015 and 2016, and is projected to rise to 2% in 2017. This low projection for 2017 could be slightly higher if indeed the election of a pr...
Volume: 59Issue: 45Published at Fri, 11 Nov 2016 -
South Korean 3Q15 LNG Imports
...-Jun 15-May 15-Apr 2014 2013 2012 2011 2010 2009 Qatar 2.93 0....
Volume: 58Issue: 45Published at Fri, 06 Nov 2015 -
Militia Shuts Key Libyan Terminal, Deepening Rift Between Rival Regimes
...om the Bahr Essalam and Wafa fields and, when operational, oil from the Elephant field. Gas exports via the Green Stream pipeline from Mellitah to Italy have been consistently between 600-800mn cfd in 2015. This compares to a high of 909mn cfd in 2008 and a low of 215mn cfd in 2011. ...
Volume: 58Issue: 45Published at Fri, 06 Nov 2015 -
Libya: Little Sign Of Optimism In Operators’ Q3 Results
...pically produced 100,000 b/d prior to Libya’s 2011 revolution. But, despite a lack of fighting or incidents in the vicinity of the fields themselves, port and/or pipeline closures have meant that output has been only sporadic in recent months, and with the exception of a brief period in October, has been at...
Volume: 58Issue: 45Published at Fri, 06 Nov 2015 -
Japanese Crude Oil & Condensate Imports 3Q15 (‘000 B/D)
...-Jul 2014 rank 2013 2012 2011 Middle East 2,829.30 246.6 29.1 2,...
Volume: 58Issue: 45Published at Fri, 06 Nov 2015 -
Iraq Says OPEC ‘Price War’ Partly To Blame For Revenue Fall, $84Bn Deficit
...54mn b/d the previous month. The drop coincides with falling global oil prices, which have declined by 30% since June. The result was a whopping $675mn drop in revenues from oil sales in October to $6.241mn, the lowest since February 2011. Maliki Blamed For Reserve Fund Collapse All th...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
Qatar And China Strengthen Trade And Investment Ties
...heme, known as the Renminbi Qualified Foreign Institutional Investor (RQFII), was created in 2011 to allow financial investors to place some of their yuan holdings in China. The UAE joined the scheme in 2012 by signing a three-year currency swap arrangement with China, similar in size to that with Qa...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014