1. Egypt’s Waning Gas Output Receives Nile Delta Boost

    ...EGYPT Rising Nile Delta gas output offers the promise of relief to ongoing shortages. Egypt’s gas output has fallen every quarter since Q3 2012, dropping to just 4.2bn cfd in the third quarter of this year. A significant hike is unlikely before late 2017 when Cairo hopes to have st...

    Volume: 58
    Issue: 45
    Published at Fri, 06 Nov 2015
  2. 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...

    Volume: 58
    Issue: 45
    Published at Fri, 06 Nov 2015
  3. BG’s Egypt Decline Expected To Continue As Shell Takeover Nears

    ...rst ever cargo to Egypt during Q3. Egypt has now signed up to import a total of 167 cargoes until 2020 by which time it hopes to gain energy independence, following the discovery of the 30 tcf Zohr gas field by Italian firm Eni in August and UK firm BP’s West Nile Delta project coming online in 2017 (ME...

    Volume: 58
    Issue: 45
    Published at Fri, 06 Nov 2015
  4. S&P Downgrades Saudi, Riyadh Rejects Assessment

    ...mpromized political and economic stability, the agency says.  Absent a strong increase in oil prices, S&P forecasts that Saudi Arabia’s fiscal deficit will only gradually narrow in the coming years: to 10% of GDP in 2016, 8% in 2017 and 5% in 2018, as planned fiscal consolidation measures begin to gain tr...

    Volume: 58
    Issue: 45
    Published at Fri, 06 Nov 2015
  5. Saudi Economy Will Remain Coupled To Oil Prices

    ...en “based on planned fiscal consolidation measures” the deficit will be 10% of GDP in 2016, 8% in 2017 and 5% in 2018 “absent a rebound in oil prices,” S&P adds (see p18). NO GOOD OPTIONS   Unlike previous episodes of oil price decline, Saudi Arabia has maintained oil output despite the 60% fa...

    Volume: 58
    Issue: 45
    Published at Fri, 06 Nov 2015