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Adnoc Plans $109bn Spend, Prioritizes Gas & Downstream
...e UAE’s crude exports went to Asia-Pacific last year. Japan is perennial #1 customer taking 760,000 b/d for the first nine months of 2017. India is distant second with 360,000 b/d, followed by Thailand (290,000 b/d). ADNOC LOOKS SET TO FALL SHORT OF 3.5MN B/D END-2018 capacity TARGET (MN...
Volume: 60Issue: 48Published at Fri, 01 Dec 2017 -
Egypt: Gulf Of Suez Oil Output At 40-Year Low On Back Of Lower Prices, Capex
...% of the country’s total in 2010, to just 253,000 b/d for the first nine months of 2017 (see chart 1). Output has been below 40% of the Egyptian total – a level never before breached – in six of the last eight quarters. The region is where Egypt’s oil output began in the mid-1960s following th...
Volume: 60Issue: 48Published at Fri, 01 Dec 2017 -
Payment Problems
...ming of those payments is not transparent,” he says. In an echo of earlier comments Dana says it is looking to “maintain a conservative cash strategy” in Egypt. Its Egypt capex for the first nine months of 2017 was just $28mn, down 74% year-on-year. Upcoming spending will be limited to “three on...
Volume: 60Issue: 48Published at Fri, 01 Dec 2017 -
World’s #2 Lng Importer: With Another Record Month In Oct Will China Overtake Korea?
...KOREA HAS LONG BEEN THE WORLD’S #2 LNG IMPORTER. IT TOOK 33.5MN TONS IN 2016, SECOND ONLY TO JAPAN’S 83.3MN T. KOREA IMPORTS ARE UP 16% AT 30.2MN T FOR THE FIRST 10 MONTHS OF 2017… (MN T) BUT THAT’S NOTHING COMPARED TO THE 48% LEAP IN CHINESE IMPORTS. THESE HAD NEVER TOPPED TH...
Volume: 60Issue: 48Published at Fri, 01 Dec 2017 -
Egypt Nuclear Plans Near Go-Ahead, Saudi Looks To Standardize Plant Design
...shehr-2 2024 1.0 1 5.5 Rosatom building. Work started Mar 2017 Pl...
Volume: 60Issue: 48Published at Fri, 01 Dec 2017 -
Opec/Russia ‘Historic’ Strategic Alignment: Can It Hold?
...rward, Mr Falih says that Nigeria and Libya have pledged that 2018 production will not exceed this year’s levels. They will not “surprise on the upside” he says. Given the volatility of their output, this presumably means their maximum output in 2017 – some 1mn b/d for Libya and 1.84mn b/d for Nigeria – ra...
Volume: 60Issue: 48Published at Fri, 01 Dec 2017 -
Libya’s Waha Ramps Up Output To 260,000 b/d But Challenges Lie Ahead
...s 159,000 b/d in 2013, down from 270,000 b/d in 2009 and 282,000 b/d in 2010. 1: LIBYA WAHA CONSORTIUM CRUDE OUTPUT (‘000 B/D) *21 NOV. SOURCE: CONOCO, MARATHON, HESS, MEES CALCULATIONS. 2: LIBYA’S NOC FALLING SHORT OF LATE 2017 1.25MN B/D TARGET ('000 B/D) ^MABRUK OU...
Volume: 60Issue: 48Published at Fri, 01 Dec 2017 -
North Africa Focus For German $15bn Upstream Tie-Up
...tterOne, which is headed by Russian billionaire Mikhail Fridman. At the time Wintershall was also interested in acquiring DEA. DEA & WINTERSHALL: KEY MENA ASSETS *WINTERSHALL LIBYA OFFICIALLY HAS 100%, BUT GAZPROM HAS 49% OF WINTERSHALL LIBYA. 80,000 B/D IS CAPACITY FIGURE. 2017 OUTPUT HAS AV...
Volume: 60Issue: 48Published at Fri, 01 Dec 2017 -
Jordan Budgets For Lower Deficit, Cost Rationalization In 2018
...venues. Unveiling the draft budget to parliament on 25 November, Finance Minister Umar Malhas, said that the deficit (after foreign grants) is projected to fall to JD543mn ($766mn at JD1=$1.41), or 1.8% of GDP in 2018 from the revised JD752mn, or 2.6% of GDP in 2017. Budget expenditure in 2018 will ri...
Volume: 60Issue: 48Published at Fri, 01 Dec 2017