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Mauritania’s Banda Integrated Gas Project Progresses
...ergy needs. UK based Tullow took Banda in 2011 from Malaysia’s Petronas and announced commerciality a year later (MEES, 22 February 2013) before having to cut back on investments when prices began to drop in 2014. Development plans only recovered recently when Banda and the nearby 0.9tcf Tevet fi...
Volume: 68Issue: 46Published at Fri, 14 Nov 2025 -
Dana Gas Signs Up To Syrian Gas Development Plan
...e fields that make up the South Middle Area Gas Project. There are a number of other nearby gas fields that could also be included in the agreement, with Syria having announced the discovery of the 47bn m³ (1.66tcf) Qara field in 2011 shortly after it started producing 0.6mn m³ (21mn cfd ) from the Sa...
Volume: 68Issue: 46Published at Fri, 14 Nov 2025 -
‘The Great Fuel Heist’: Libya’s ‘Kleptocrats’ Blamed For Smuggling Crisis
...gures between 2022 and 2024 confirm the surge under Mr Bengdara. According to data intelligence firm Kpler, Libya’s fuel imports peaked in September 2024 at 307,000 b/d, the highest monthly figure since the 2011 revolution (see chart 1). This is more than double the 147,000 b/d figure from September 20...
Volume: 68Issue: 46Published at Fri, 14 Nov 2025 -
ExxonMobil Finalizes West Qurna-1 Exit As PetroChina Assumes Operatorship
...edged to increase capacity to 800,000 b/d by 2028. Exxon’s time in Iraq has been tumultuous, with the firm angering Baghdad when it signed up to six blocks in the Kurdistan Region in 2011. That gamble ultimately failed, with Exxon quitting its last Kurdistan asset in 2022 without producing a ba...
Volume: 66Issue: 46Published at Fri, 17 Nov 2023 -
Total’s Libya Expansion: Done & Dusted?
...ich remains split between two rival governments and several key players who eye ultimate power. The seemingly unending political chaos since the 2011 overthrow of long-time ruler Muammar Gaddafi has taken its toll on Libya’s oil and gas infrastructure, with leaks frequently knocking out huge ch...
Volume: 65Issue: 46Published at Fri, 18 Nov 2022 -
Saudi Arabia Wary of Iraq’s New Iran-Backed Leader
...nure of Mr Maliki were fraught as the longest serving post-2003 PM got closer to Tehran after the US forces withdrew from Iraq in 2011. Only his ousting in the aftermath of the 2014 fall of Mosul to ISIS paved the way for active diplomacy between Baghdad and Riyadh. Mr Sudani has praised the ki...
Volume: 65Issue: 46Published at Fri, 18 Nov 2022 -
Heightened Political Tensions Threaten Libya’s Oil Ambitions
...gures. At stake is the stability of a country which has been enveloped in almost constant chaos since the 2011 revolution. For the oil sector, a return to political division, or even war, would crush hopes of boosting oil production. GADDAFI’S RETURN Saif al-Islam Gaddafi, the son of former ru...
Volume: 64Issue: 46Published at Fri, 19 Nov 2021 -
Libya’s Oil Rise: The Risks Ahead
...IS IS UNLIKELY TO BE RECEIVED UNTIL EARLY 2021. SOURCE: MEES. CREAKING INFRASTRUCTURE While Mr Sanalla was no doubt seeking to play up the challenges NOC faces, there is also serious weight to what he says. The chaos following the 2011 overthrow of long-time leader Muammar Ga...
Volume: 63Issue: 46Published at Fri, 13 Nov 2020 -
Oman To Introduce Income Tax: Will Rest Of GCC Follow?
...er $100/B prior to late 2014, Oman was still unable to balance the budget as Muscat looked to avoid contagion from the 2011 ‘Arab Spring’ with 2012-14 spending blowouts. While the government is seemingly unable to reduce spending on salaries, the looming implementation of 5% VAT will have a si...
Volume: 63Issue: 46Published at Fri, 13 Nov 2020 -
Iran Ups Geopolitical Stakes With Nuclear Advances
...at is expected to take six years. The Bushehr-2 plant will be built by Russia’s Rosatom, under a 2014 agreement between Moscow and Iran for the construction of four new 1GW plants at Bushehr. Rosatom completed the Bushehr-1 reactor in 2011, generating electricity from fuel rods supplied by Ru...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019 -
Waha 150mn cfd Gas Output Boost
...0km pipeline to help maintain output. Waha also plans to supply coastal power plants as well as the methanol and fertilizer plants in Marsa el-Brega (MEES, 1 November). Faregh Phase-2 was initially meant to start-up a decade ago, but Cypriot contractor J&P left the project following the 2011 re...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019 -
Iran’s Oil Export Prognosis: Is The Market Too Blasé?
...5,000 b/d volumes were at their highest level since 2011 putting Spain second only to Italy among European buyers. But volumes had already fallen to 100,900 b/d for September as sanctions loomed. But, unlike number one EU buyer Italy or number four Greece, Spain neither applied for nor was granted a ‘wa...
Volume: 61Issue: 46Published at Fri, 16 Nov 2018 -
Tunisia Struggles To Cash In On Democracy
...uted as the Arab Spring’s only success story, Tunisia has navigated a difficult path toward democracy since the overthrow of dictator Zine al-Abidine Ben Ali on 14 January 2011. But nine governments later, the country’s economic prospects look bleaker than before the Jasmine Revolution. One of the ma...
Volume: 61Issue: 46Published at Fri, 16 Nov 2018 -
Spanish Q3 Crude Imports ('000 B/D): Iran Up 50% Y-O-Y To Overtake Iraq, Libya Volumes At Highest Since 2010
... SPAIN Q3 CRUDE IMPORTS ('000 B/D): MENA VOLUMES ON THE RISE WITH LIBYA & IRAN BOOST MENA BREAKDOWN* ('000 B/D): LIBYA OVERTAKES SAUDI AS SPAIN’S TOP REGIONAL SUPPLIER *EXCLUDES OCCASIONAL SMALL VOLUMES FROM TUNISIA AND (TO 2011) SYRIA. SOURCE: CORES, MEES. SE...
Volume: 60Issue: 46Published at Fri, 17 Nov 2017 -
Libya’s Rising Output: Now For The Hard Part
...l company and we will follow closely what they are doing to recover operations on those fields,” he says. Elsewhere Total’s Libya situation is also one of ‘no change.’ “Offshore, we are operating Al Jurf as usual,” he said of the field that, with only a small interlude in 2011, has steadily pr...
Volume: 59Issue: 46Published at Fri, 18 Nov 2016 -
Taiwan’s LNG Imports Boosted As Government Plans To Exit Nuclear
...tensified in the aftermath of the Fukushima incident in Japan in 2011 – Taiwan is also vulnerable to earthquakes. TAIWAN LNG IMPORT PRICES EDGE UP to $6.92/MN BTU in september... SOURCE: TAIWAN CUSTOMS, MEES CALCULATIONS. ...AS IMPORT SLATE BECOMES MORE DIVERSIFIED (%) Ta...
Volume: 59Issue: 46Published at Fri, 18 Nov 2016 -
Saudi Exports, Output Full Steam Ahead Pre-Opec Meeting
...liveries. The kingdom remains a net gasoline exporter for the year – the first time since 2011. State oil firm Aramco’s magazine Arabian Sun reports that its 245,000 b/d Yanbu refinery began receiving alkylate product on 12 October. It reports that this enables it to boost gasoline production 25% from 33...
Volume: 59Issue: 46Published at Fri, 18 Nov 2016 -
Egypt IMF Loan Brings Short-Term Relief, But Uncertainties Lie Ahead
...e January 2011 revolution. Egypt then went to the IMF seeking a loan facility of around $3bn, which was later raised to $4.8bn, but intermittent negotiations for two years or so failed to lead to any results, because Egypt and particularly its military were not in a position to bite the bullet and ac...
Volume: 59Issue: 46Published at Fri, 18 Nov 2016 -
Oxy Set To Quit Iraq’s Zubair After Payment Frustration
...shore concession (see p2), whilst negotiations with Oman look to extend Block 9 beyond its December 2015 expiry. OXY MENA CRUDE OUTPUT (NET, '000 B/D) 2011 2012 2013 2014 Qa...
Volume: 58Issue: 46Published at Fri, 13 Nov 2015 -
China LNG Imports To Q3 2015 (‘000 Tons)*
...ns)* 2015 Monthly Breakdown Rank'14 2011 2012 20...
Volume: 58Issue: 46Published at Fri, 13 Nov 2015