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Iraq’s New Oil Minister Eyes 2019 Capacity Hike Despite Export Challenges
...o alternatives: new export routes or increased refining capacity. A long-time proponent the oft-delayed Basra-Aqaba pipeline, Mr Ghadhban told MEES in 2017 that the project would only take “a little over a year” but the project appears to have stalled in 2018 (MEES, 3 November 2017). Now as mi...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Oman Carves Up South In Bid To Attract Investment
...st year’s bid round (MEES, 9 November). Nearby Block 71 contains the (less than 10°API) Habhab heavy oil field whose recoverable reserves are technically classified as bitumen and thus need extensive EOR techniques to be profitable. PDO tendered the project in 2017 but little has subsequently come of it...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Qatar Shines Spotlight On OPEC Divisions As It Ends 57-Year Membership
...mbership. QATAR OIL & GAS INFRASTRUCTURE QATAR NOVEMBER OIL EXPORTS: CONDENSATE ACCOUNTS FOR 30% OF THE TOTAL ('000 B/D) SAUDI SCHISM This week’s Opec meeting was held 18 months and a day after the instigation of the Saudi-led blockade against Qatar on 5 June 2017...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Adnoc Adds To Gulf LNG Bunkering Plans With Inpex Tie-Up
...e third instance of a Gulf State announcing LNG bunkering plans. Qatar was the first mover, signing an agreement with Shell to develop LNG bunkering infrastructure “at strategic shipping locations around the globe,” although this would most likely be outside Qatar (MEES, 16 June 2017). QP CEO Sa...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Asian LNG Imports Up 14% In 2018... With Qatar Sales Up 9%
...ASIAN* LNG IMPORTS ROSE 14% FOR 10M18 (MN T): CHINA UP A WHOPPING 43% TO ALREADY TOP 2017’S ANNUAL RECORD OF 38.3MN T; KOREA, INDIA AND TAIWAN ALL ALSO ON TRACK FOR ANNUAL RECORDS BUYING FROM QATAR IS UP 9% Y-O-Y BUT STILL WELL DOWN ON RECORD 2013 LEVELS CHINA LN...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Algeria Set For $5bn 2018 Trade Deficit: As Good As It Gets?
...1.03mn b/d for the first nine months of 2018, output of condensate and field NGLs was down 5.6% at 472,000 b/d, whilst gas output fell 1.1% to 67.5bcm. The dip in gas production came despite key project start-ups at Reggane (MEES, 22 December 2017) and Timimoun (MEES, 2 March 2018). Whilst un...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Algeria Downstream Deals Reflect Sonatrach Strategy Shift
...Having ended transport fuel imports through a swaps deal, Sonatrach has bought an Italian refinery and is targeting overseas petchems. Abdelmoumen Ould Kaddour has adopted a pragmatic approach to Sonatrach’s downstream strategy since taking over as CEO in early 2017. He rapidly canned th...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Israel Electric Wants More Gas
...rch). Gas is rapidly edging out coal from the Israel energy mix. The gas share has soared to 80% gas versus 64.2% for 2017 (coal 32.3%, renewables 2.6%). IEC pays roughly $6/mn BTU for Tamar gas, and is trying to drum-up some competition to reduce the cost of electricity. It could find that di...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Jordan Bags $1bn Us AID…
...Jordan’s fiscal position is looking brighter with the finalization of a promised $1.08bn US aid package under a 4 December deal, up from 2017’s $812mn (MEES, 5 January). A $745mn grant – more than 1.5 times 2017’s grant of $475mn – will support the kingdom’s priority development projects li...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
…As Nepco Taps EBRD For $265mn
...er Libor. Nepco reported accumulated losses of $6.85bn for the year ending December 2017. The EBRD has lent Jordan more than $466mn since 2012 to fund 12 power sector projects. Jordan leads the Middle East in solar with 529MW and is second largest in wind with 285MW. Of this, 215MW was added in 20...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018