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Libya’s Oil Revenues Hit By Soaring Products Import Bill
...22’s products import bill of $4.4bn was also a record, topping 2014’s $3.5bn, with 2023 on track to hit $4bn. Prevailing volumes and prices imply gross crude and condensate export earnings of $7.74bn for Q1, some $2.4bn above the official NOC/LCB figure of $5.3bn. The former figure equates to gross ea...
Volume: 66Issue: 17Published at Fri, 28 Apr 2023 -
Australia’s Woodside Finally Enters East Med, Teaming Up With Chevron On Egypt Blocks
...mmissioned for a world beating 4.6mn t/y facility (MEES, 24 February). As for whether Woodside may look to expand its Chevron collaboration to other regional assets, intriguingly the Australian firm back in 2014 came close to paying $2.5bn for a 25% stake in Leviathan before the deal was kyboshed due to re...
Volume: 66Issue: 17Published at Fri, 28 Apr 2023 -
Oman’s State Energy Firm Profits From Improved Credit Rating As Economy Picks Up
...pths of the Covid-19 pandemic. The sultanate even achieved a $2.98bn surplus in 2022 which brought an end to a run of 13 consecutive budget deficits. That extended run in the red meant debt levels ballooned in recent years, especially after the 2014 oil price crash. From 4.9% of GDP in 2013 debt surged to...
Volume: 66Issue: 17Published at Fri, 28 Apr 2023 -
Iraq: Sinopec Back At Mansuriya?
...e southern gas grid. The pipeline is slated for completion this year. PEG has won multiple projects in Dhi Qar and has a strong working relationship with SCOP that dates to at least 2014. ...
Volume: 66Issue: 17Published at Fri, 28 Apr 2023 -
Iraq’s Gharaf: Gas Award
...e southern gas grid. The pipeline is slated for completion this year. PEG has won multiple projects in Dhi Qar and has a strong working relationship with SCOP that dates to at least 2014. ...
Volume: 66Issue: 17Published at Fri, 28 Apr 2023 -
Egypt’s Liquidity Crisis Sends IOC Receivables Bill Soaring Towards $3bn
...yptian independent EKH also grew in 2023, rising 38% year on year to $46.5mn, the highest end year total since 2014. The firm produces around 50mn cfd from the Tao and Kamose shallow-water fields north of the Sinai peninsula. While these amounts are nowhere near those owed by the big three, they re...
Volume: 66Issue: 16Published at Fri, 21 Apr 2023 -
QatarEnergy’s Overseas Strategy Enters Pivotal Phase
...d MEES calculates that QatarEnergy’s net output last year was 13,235 boe/d (primarily oil). QatarEnergy also nets around 9,000 boe/d from the Shell-operated Parque das Conchas license in Brazil. It has been present at the development since 2014. There are also modest volumes of approximately 2,...
Volume: 66Issue: 16Published at Fri, 21 Apr 2023 -
Iraq’s New Karbala Refinery Set To Lighten Summer Fuel Import Bill
...finery is providing the first significant modern addition to Iraq’s delipidated refining fleet since at least the 1980s. Nine-years after its 2014 award to a consortium led by Korea’s Hyundai Engineering (MEES, 10 January 2014), the plant began commercial operations earlier this month (MEES, 7 Ap...
Volume: 66Issue: 16Published at Fri, 21 Apr 2023 -
Prospects For A Prolonged Ceasefire Rekindle Yemen Oil Sector Hopes
...ghters in their areas of control. Despite seizing vast swathes of territory since 2014, including the key Ras Isa oil export terminal, the Houthis have failed to gain control of Yemen’s oil-producing regions (see map). Instead, oil export revenues are being accrued by the Saudi-backed Yemeni government in...
Volume: 66Issue: 15Published at Fri, 14 Apr 2023 -
QatarEnergy In Mauritania As Namibia Excitement Builds
...jor subsequently relinquished in 2014. MAURITANIA: SHELL IS NOW THE KEY EXPLORATION PLAYER ALONGSIDE BP’S PSCs...
Volume: 66Issue: 14Published at Fri, 07 Apr 2023 -
Baghdad & KRG Sign Landmark ‘Temporary Deal’ To Resume Exports
...t to restart. Ankara’s strict implementation of the ICC ruling which covered exports from 2014 to 2018 appears more directed at pressing Iraq not to file for additional compensation for the period of 2019 onwards and to negotiate a settlement of the approximately $1.5bn reward granted. With that be...
Volume: 66Issue: 14Published at Fri, 07 Apr 2023