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Iran Plans Major Gas Storage Expansion To Face Winter Shortages
...feeding stranded provinces to become a strategic energy balancing tool. According to the report, the difference between summer and winter demand peaks jumped from 180mn m3/d (6.36bn cfd) in 2011/12 to 221mn m3/d (13bn cfd) in 2021/22. Moreover, steady growth means that consumption in summer is no...
Volume: 66Issue: 49Published at Fri, 08 Dec 2023 -
Libya Calls On IOCs To Return To Work
...e country to return and “lift the force majeure declared by them.” Libya’s chaotic political trajectory since the 2011 ouster of Muammar Gaddafi has made many IOCs wary of fully engaging in the country which holds the largest proven oil reserves in Africa some 48.3bn barrels according to Op...
Volume: 65Issue: 49Published at Fri, 09 Dec 2022 -
KRG Goes Fishing For New Investors, But Will They Bite?
...ES. …EXXON GO-SLOW ExxonMobil was awarded six blocks in 2011 but progress has been minimal, largely due to proximity to the front line with areas under Islamic State (IS) control. The firm has the Pirmam block just east of Chevron’s Sarta, as well as the controversial Al-Qush and Baeshiqa bl...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
Egypt Promises $1.5Bn Receivables Payout
...eviously touted by Oil Minister Sharif Isma’il. Foreign energy companies have been reluctant to invest into expanding production in Egypt without some cash flow from government coffers. Egypt has a history of late payments, but receivables ballooned during the political turmoil of the Arab Spring in 2011...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
Bullish Iran Meets With Majors As It Gears Up For ‘Big Return’
...arved it of much-needed investment, and more recently resulted in a slashing of the country’s crude output by 1mn b/d since late 2011. Under the existing sanctions regime imposed by the US and EU, Western oil companies are effectively barred from investing in Iran. But sensing a possible opportunity fo...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
Umm Lulu Moves Forward
...the offshore site. AMEC was also awarded a contract by ADMA-OPCO in 2011 during the first phase of Umm Lulu development. This follows a $1.69bn contract awarded in September to a consortium of local contractor National Petroleum Construction Company (NPCC) and France’s Technip. Work at Umm Lu...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
Yemen Fuel Crisis Looms
...ntinues to be targeted in this way. Yemen’s oil and gas installations have been the target of choice for tribal and Islamic militants since anti-government protests created a power vacuum in early 2011. Yemen has had to contend with twelve separate attacks on its oil and gas pipelines since the st...
Volume: 55Issue: 49Published at Fri, 30 Nov 2012 -
South Tunisia Gas Development Pushed Back
...i a sixth. Proposed Nawara volumes were last year doubled to accommodate the feed-in of the Cherouq discovery following OMV’s February 2011 takeover of the Tunisian assets of US firm Pioneer. This deal made OMV the key operator in southern Tunisia and added 5,000 b/d to OMV’s flagging ex...
Volume: 55Issue: 49Published at Fri, 30 Nov 2012 -
Yemen Looks To Gulf For Oil, Gas Investment
...terest in its oil and gas industry. Crude production in Yemen has been in steady decline over the past decade, with BP estimating the country’s 2011 production at 228,000 b/d, down 24% from the 2010 figure of 301,000 b/d, and 50% off 2001’s 455,000 b/d. The authorities have recently stressed th...
Volume: 55Issue: 49Published at Fri, 30 Nov 2012 -
Deadlock Continues In Sudan – South Sudan Oil Row
...beration Movement (SPLM) in 2011, the SPLM-N remained in Sudan following the South’s breakaway from Sudan last July (MEES, 11 July 2011), and is currently most active in the Sudanese states of Blue Nile and South Kordofan. “This is impossible,” said President Kiir of Sudan’s demand. “We are in a di...
Volume: 55Issue: 49Published at Fri, 30 Nov 2012 -
Edison Takes Stake in Israel’s Upstream Sector
...nsortium administering the 9 bcm/y capacity Al-‘Arish –Ashkelon gas pipeline. The contracts were estimated to be worth around $5-10bn over 20 years. They called for the 1.4 bcm/y exports to start in 2011, and volumes could later be expanded to 2.9 bcm/y (MEES, 20 December 2010). But the EMG line wa...
Volume: 55Issue: 49Published at Fri, 30 Nov 2012 -
Jordan Opens Petroleum Distribution Market
...a substitute for Egyptian gas supply which had become unreliable since 2011. ...
Volume: 55Issue: 49Published at Fri, 30 Nov 2012