Cairo Eases Power Cuts Amid Returning Volumes of Israel Gas

...ypt initially brought in two FSRUs to import LNG in 2015 as gas demand outstripped domestic gas output. But with the 2017 start-up of the 21.5tcf Zohr field domestic gas output soared (see chart, p2) and the need to import LNG lessened: Egypt most recently imported LNG in September 2018. For security of...

Kuwait Reshuffles Oil & Gas Sector Leadership

...reverse capacity losses which saw KOC’s crude oil capacity fall to a 12-year low of 2.63mn b/d for 2020-21 (MEES, 22 October 2021), down from a peak of 3.15mn b/d in 2017-18. KOC’s new target is to reach 3.2mn b/d capacity by 2025 as part of KPC’s overall target of 3.5mn b/d. The other 30...

KRG Tempts Baghdad With Pipeline Expansion

...ming to tempt Baghdad into resuming piped exports to Turkey via the KRG’s link for the first time since June 2017. Indeed, the MNR’s statement makes clear its intentions. “The extra capacity will accommodate future production growth from KRG producing fields, and can also be used by the federal go...

Bleak Picture For Iran As US Reimposes Oil Sanctions

...Iran’s oil exports fell by over 1mn b/d from 2017 levels even prior to this week’s re-imposition of US sanctions. Issuing waivers to eight Iranian clients, US President Trump says he is going “easy” on Tehran for fear of higher oil prices. While plenty of governments have talked tough against th...

Qatar Petroleum Chief Consolidates Energy Sector Grip With Cabinet Seat

...October) and last year ended the moratorium on development of the giant North Field from which Qatar derives its world-leading LNG position. He himself was a driving force behind the imposition of the moratorium in 2005 (MEES, 17 October 2005) which was only lifted last year (MEES, 7 April 2017), ea...

World Bank 2017 ‘Ease Of Doing Business’: UAE Climbs 5 To Cement Top Mena Ranking; Saudi Down Again

Lebanon: Can New President Get The Country Moving?

...is week. Mr Gobril says parliament’s first priority is to approve a budget for 2017 after failing to do so for almost a decade. He stresses the need to reduce the squandering of fiscal resources and to cut the budget deficit, which is expected in 2016 to reach 8.6% of GDP, with public debt at 144% of GD...

Chevron Optimistic On Neutral Zone, But Not Till 2017

...KUWAIT Chevron is optimistic that production at the Wafra field in Saudi Arabia and Kuwaitís shared Neutral Zone will resume by 2017. However, cost cutting measures in the face of sustained low oil prices threaten further delays to planned steamflood injection at the field. Chevron CE...