QP Announces Aggressive Upscaling Of LNG Expansion Project

...ld MEES in 2017 that “the winner in this business is the one which can remain the lowest cost producer…we are the lowest cost producer” (MEES, 8 December 2017). When it comes to the expansion, Mr Kaabi is adamant that “you have to make sure that you are going to be efficient in your construction, an...

Baghdad And KRG Sign Preliminary Oil Sharing, Budget Deal

...mo. The KRG’s independent oil exports have been a major bone of contention with Baghdad and a key cause of broader tensions between the two parties – including the 2017 operation to retake two of the KRG’s key producing fields, Bai Hassan and the Avana Dome, which transferred 280,000 b/d of production ba...

Abu Dhabi Goes Big On PV As ‘Nonconventional’ CSP Output Slides

...nventional plant. The data implies that Shams-1 has not performed as well as intended. In an AIP Conference Proceedings paper published in June 2017, Shams Power Company general manager Abdulaziz Alobaidli says “it was obvious from the very first day of this project that it will be very challenging” to bu...

Saudi Oil Export Earnings At Two Year Low

...Saudi Arabia oil export revenues came in at $15.5bn in September, the lowest level in exactly two years. The latest government statistics show that earnings were the lowest since September 2017’s $13.6bn, and were down from $5.9bn the previous month. This was of course an inauspicious month fo...

Egypt’s EETC Bags $200mn EBRD Loan…

...s the lead investor at Benban, after Cairo’s Ministry of Energy relaxed previously prohibitive solar development terms (MEES, 3 November 2017).  ...

UAE Eyes Early 2020 Nuclear Start-Up

...e Barakah-1 reactor is mechanically complete and being prepared for operation when the operating license is received from FANR. Enec intended to bring the four 1.4GW Barakah reactors online at yearly intervals during 2017-20, but FANR will not licence Nawah operating JV of Enec and Korean co...

Saudi Net Foreign Assets Slump Below $500bn In Wake Of Abqaiq Attack, Biggest Monthly Fall Since Jan 2017

Kuwait Oil Exports: China Dominant, While Vietnam Rises

...rea’s imports of Kuwaiti oil are already on track to fall to a four-year low of 411,000 b/d in 2019, while No.4 buyer India is heading for a three-year low of 209,000 b/d. Taiwan volumes are also in decline and are neck-and-neck with the 2017-level (see chart). Kuwaiti crude and condensate exports ha...