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Qatar Gets Flexible In Bid To Adapt To Brave New LNG World
...apt to this new world LNG order. As of end-2015 Qatar was the world’s largest LNG producer with 77mn tons/year of liquefaction capacity. But it will be overtaken by Australia during 2017 and likely by the US early next decade (see table 1). Since 2005 it has had a moratorium on new development of...
Volume: 59Issue: 51/52Published at Fri, 23 Dec 2016 -
Saudi Arabia Boosts Products Exports To Minimise Impact Of Crude Cuts
...Saudi Arabia is set to cut production by 500,000 b/d from October levels in January under the recent Opec/non-Opec output deal. Crude and refined product exports are both on track for record annual highs in 2016, but lower production will mean one, or both, will have to fall in 2017. But hy...
Volume: 59Issue: 51/52Published at Fri, 23 Dec 2016 -
The Iraqi State Faces A Perilous 2017
...Iraq is exiting 2016 buoyed by high oil prices, but faces a tumultuous 2017. The current administration is unlikely to be toppled, but as for the viability of the state? That’s a different question. Iraq ends 2016 with its leaders publicly praising the country’s security improvements, ye...
Volume: 59Issue: 51/52Published at Fri, 23 Dec 2016 -
BP Back in Business With Abu Dhabi Deal
...d-2017. Production gains from the onshore concession are an essential part of Abu Dhabi’s plans to increase capacity from 3.1mn b/d to 3.5mn b/d in 2017. The remainder is to come from the two offshore concessions, Adma and Zadco which are currently being merged (MEES, 11 November). While 3.5mn b/d looks ou...
Volume: 59Issue: 51/52Published at Fri, 23 Dec 2016 -
Iran Looking Ahead To A Big 2017 In Its Oil And Gas Sector
...Iran can look back at a successful 2016 in its oil and gas sector, with production soaring. But 2017 looks to be bigger still as it aims to finalize contracts with IOCs. The bulk of international sanctions targeting Iran were lifted in January and the country’s crude output has soared by...
Volume: 59Issue: 51/52Published at Fri, 23 Dec 2016 -
Middle East Set For M&A Boost In 2017
...nk of Abu Dhabi and First Gulf Bank. Due to be completed in Q1 2017, it will be the largest domestic Middle Eastern deal of all time, creating the largest bank in the Mena region. Many of the region’s biggest banks missed analysts’ earnings estimates in Q3 due to an increase in non-performing lo...
Volume: 59Issue: 51/52Published at Fri, 23 Dec 2016 -
Qatar Slashes 2017 Budget Deficit But Maintains Spending At High Levels
...Qatar Slashes 2017 Budget Deficit But Maintains Spending At High Levels Qatar’s budget for 2017 projects that it will post its second consecutive deficit, although it expects this to fall $8.4bn to $7.8bn. But a conservative oil price assumption means next year’s deficit may actually be as...
Volume: 59Issue: 51/52Published at Fri, 23 Dec 2016 -
Aid For Egypt, Iraq & Jordan
...facilitate access to water in Irbid and improve distribution. Jordan is also the recipient of a $250mn World Bank loan to help redress fiscal imbalances in the energy and water sectors and improve public services. Jordan expects to receive foreign grants of some JD777mn ($1,096mn) in 2017 to lo...
Volume: 59Issue: 51/52Published at Fri, 23 Dec 2016 -
Mideast Set To Overtake N America As Top Per-Household Power User By 2022... For Overall Residential Energy Use The Mideast Was Already ‘World Champion' In 2015 And Is Set To Remain So Through 2040
... SOURCE: EXXONMOBIL 2017 ENERGY OUTLOOK....
Volume: 59Issue: 51/52Published at Fri, 23 Dec 2016