1. 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: 66
    Issue: 46
    Published at Fri, 17 Nov 2023
  2. Iran Ups Geopolitical Stakes With Nuclear Advances

    ...ssia. The new plants at Bushehr will also process Russian fuel (MEES, 31 March 2017). ...

    Volume: 62
    Issue: 46
    Published at Fri, 15 Nov 2019
  3. 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: 61
    Issue: 46
    Published at Fri, 16 Nov 2018
  4. 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: 60
    Issue: 46
    Published at Fri, 17 Nov 2017