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UAE Cuts Aluminium Power Use
...ll capacity. Replacing old plants, whose efficiency could be as low as 33%, could hence save as much as 75mn cfd. Such savings are attractive for gas importers like the UAE: the emirates’ gas deficit for 2017 was 11.8bcm (1.14bn cfd). This was met with 1.58bn cfd of imports from Qatar through the Do...
Volume: 61Issue: 51-52Published at Fri, 21 Dec 2018 -
Bahrain Set For Vat Roll Out
...ssibility for implementation, but won’t yet commit. Meanwhile, Kuwait says it won’t introduce VAT until 2021, while Qatar has been out in the cold since the Saudi-led embargo began in June 2017. Bahrain’s budget projects a $3.5bn deficit this year and needs all the additional revenue it can get. The IMF se...
Volume: 61Issue: 51-52Published at Fri, 21 Dec 2018 -
…Edison Reiterates Drilling Pledge
...ich Dea previously applied for development leases, whilst North Idku saw significant discoveries as far back as 1999 and 2002 (MEES, 29 April 2002). Edison’s 2017 report books reserves of 6mn boe (around 28bn ft³) for the two blocks, a figure that appears modest when compared to the discovery wells, on...
Volume: 61Issue: 51-52Published at Fri, 21 Dec 2018 -
Oman: Oxy Inks Two New Blocks
...rget. Oxy has 100% of Block 51 whilst 65 will be operated via a joint venture with state Oman Oil Company. Both offered up in the 2017 bid round (MEES, 15 September), the blocks add to Oxy’s already sizeable Oman portfolio and give the firm a 350km contiguous stretch of assets across northern Oman which it...
Volume: 61Issue: 51-52Published at Fri, 21 Dec 2018 -
Oman: Oxy Inks Two New Blocks
...rget. Oxy has 100% of Block 51 whilst 65 will be operated via a joint venture with state Oman Oil Company. Both offered up in the 2017 bid round (MEES, 15 September), the blocks add to Oxy’s already sizeable Oman portfolio and give the firm a 350km contiguous stretch of assets across northern Oman which it...
Volume: 61Issue: 51-52Published at Fri, 21 Dec 2018