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Algeria-Italy Gas Slump
...,300 b/d for an implied 60,000 b/d gross Ourhoud figure, less than half 2017 levels. Cepsa cites “scheduled maintenance turnarounds in Algeria” as a key reason for a fall in 9M 2023 upstream output versus a year earlier, as well as the sell-off of its UAE assets (MEES, 3 March). *Algerian state gi...
Volume: 66Issue: 46Published at Fri, 17 Nov 2023 -
Iran Ups Geopolitical Stakes With Nuclear Advances
...ssia. The new plants at Bushehr will also process Russian fuel (MEES, 31 March 2017). ...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019 -
Iran’s Oil Export Prognosis: Is The Market Too Blasé?
...gardless, it is feasible, perhaps likely, that by mid-2019 Iranian exports will have fallen well below 1mn b/d. Already, in advance of the 5 November re-imposition of US sanctions, total imports of Iranian crude and condensate had fallen sharply. From 2.64mn b/d for 2017 and 2.47mn b/d for the first ei...
Volume: 61Issue: 46Published at Fri, 16 Nov 2018 -
Iraq Dreams Of Economic Normality With Draft 2018 Budget
...ficit is $9.9bn. Likewise, the $21.2bn deficit implied by the August revision to this year’s budget is based on an oil price assumption ($44.4/B) that now also looks highly conservative. Plug in the actual $47.3/B achieved for Iraqi crude exports in the first 10 months of 2017 and the deficit sh...
Volume: 60Issue: 46Published at Fri, 17 Nov 2017