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Egypt: Gulf Of Suez Oil Output At 40-Year Low On Back Of Lower Prices, Capex
...abilized at just over 300,000 b/d over the five years to 2011. Part of the fall since then can be attributable to economic and political instability in the aftermath of the January 2011 revolution (in particular cash-strapped Cairo’s failure to pay foreign operators – MEES, 1 December). But the biggest fa...
Volume: 60Issue: 48Published at Fri, 01 Dec 2017 -
Payment Problems
...Egyptian state firm EGPC (which typically markets crude on behalf of smaller producers). Egypt has always had a reputation as a tardy payer. But receivables to IOCs active in the country soared in the aftermath of the January 2011 revolution. From $3bn at the start of 2011 they leapt to $8bn in...
Volume: 60Issue: 48Published at Fri, 01 Dec 2017 -
Egypt Nuclear Plans Near Go-Ahead, Saudi Looks To Standardize Plant Design
...erating: Iran Bushehr-1 2011 1.0 1 3.5 Rosatom built. Operation intermittent until 20...
Volume: 60Issue: 48Published at Fri, 01 Dec 2017 -
Libya’s Waha Ramps Up Output To 260,000 b/d But Challenges Lie Ahead
...ports its crude, is down to 1.5mn barrels from 6mn barrels prior to Libya’s revolution in 2011, according to Mr Ammar. Storage tanks were destroyed during the fighting in 2011 and after it resumed in 2014. This is not hampering current production, said Mr Ammar, but could become a problem should output fr...
Volume: 60Issue: 48Published at Fri, 01 Dec 2017