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ExxonMobil Quits Iraqi Kurdistan
...initially handed back the Betwata, East Arbat and Qara Hanjeer blocks (see table), due to a combination of geological and geopolitical issues. Qara Hanjeer in particular was located in a sensitive area in territory disputed with the federal government in Baghdad, and work had been held up over 2014...
Volume: 65Issue: 17Published at Fri, 29 Apr 2022 -
Asian LNG Importers See Record Import Bill For Q1 Despite Slump In Volumes
...2014, and then number two behind Australia for 2015-2020, suffer the ignominy of being overtaken by the USA for number three spot despite notching up a modest rise in absolute volumes (MEES, 21 January). What a difference three months makes. With the start up of key Qatar-China term deals at th...
Volume: 65Issue: 17Published at Fri, 29 Apr 2022 -
Iran Braces For Summer Blackouts
...ta from the ministry of energy show that installed capacity stands at around 88GW, available capacity is almost 24GW lower at 64GW, a figure that has not budged since 2014 despite a nominal increase of almost 15GW in the headline figure over the same period. Available capacity peaked at 66.6GW in 20...
Volume: 65Issue: 17Published at Fri, 29 Apr 2022 -
Qatar Exports Top $10bn For First Time Since August 2014
...ISED TO SURGE Export revenues totaled $10.08bn in March, the highest monthly figure since August 2014. The gains came despite relatively soft figures from Qatar’s key gas exports, hinting at significant increases in the coming months as the emirate begins to reap the lagging rewards from its oil-li...
Volume: 65Issue: 17Published at Fri, 29 Apr 2022 -
Food & Fuel: Surging Prices Spell Mixed Fortunes In North Africa
...BYA (2018) AND ALGERIA (2017). SOURCE: WORLD BANK. 2: PRICES OF MAJOR FOOD PRODUCTS HAVE SOARED OVER THE PAST FEW MONTHS* *FAO FOOD COMMODITY PRICE INDICES SHOW CHANGES IN MONTHLY INTERNATIONAL PRICES OF MAJOR FOOD COMMODITIES. 2014-2016 PRICES USED AS BASE. SOURCE: FOOD AND AG...
Volume: 65Issue: 16Published at Fri, 22 Apr 2022 -
North Africa Gas Exports To Europe Fall Amid Russian Uncertainty
...th only limited upside possible. Algeria, Libya and Egypt’s combined 55.4bcm of exports last year – including volumes to Turkey and the UK – were the highest since at least 2014 (see chart 2). Simply keeping volumes at this level would be a massive achievement. ALGERIAN SUPPLIES TAPER OF...
Volume: 65Issue: 14Published at Fri, 08 Apr 2022 -
Baghdad Sends Fresh Oil Sector Demands to Erbil
...s resources in Iraqi Kurdistan back in 2014 it chose the more-lucrative production sharing agreement (PSA) contractual model allowing foreign operators a share of the volume of oil produced, rather than the technical services contract (TSC) model used by Baghdad. Baghdad meanwhile treats IOCs as se...
Volume: 65Issue: 14Published at Fri, 08 Apr 2022 -
Iran Starts Gas Storage Expansion
...Iran’s president Ebrhaim Raisi kick-started the second expansion phase of the Shourijeh-D gas storage facility. Phase 1 was inaugurated in 2014 with the facility receiving 10mn m3/d (353mn cfd) of gas via pipeline in the summer months and supplying 20mn m3/d (706mn cfd) to north, northeast an...
Volume: 65Issue: 14Published at Fri, 08 Apr 2022 -
Basrah Gas Proposals Risk Undermining TotalEnergies Megadeal
...d Zubair fields which were awarded in Iraq’s first licensing round (LR1) in 2009 is now unattainable after their production plateau targets (PPT) were revised down in 2014 (MEES, 5 September 2014). As a result BGC wants to expand the scope of its operations beyond this trio of fields. But de...
Volume: 65Issue: 13Published at Fri, 01 Apr 2022 -
Israel Refiners Post Late-2021 Output Rebound
...th Q4’s 87,300 b/d still well shy of capacity. The two plants’ combined gasoline output increased 9% to 67,400 b/d for 2021, although this remains 20% below 2014’s record 84,500 b/d. Diesel – output of which fell by less than that of other transport fuels last year – saw a more modest 4% year on ye...
Volume: 65Issue: 13Published at Fri, 01 Apr 2022 -
Oman Oil Output Hits New Heights In Q1 As Revenues Soar
...allenged. Said Bader al-Kharusi, the Executive Director of the North Oil Directorate at the Shell-led, part-state owned Petroleum Development Oman (PDO) stated in late March that the “government aims to benefit from [current] oil and gas prices’ by maximizing production output.” REVENUES SOAR TO 2014 LE...
Volume: 65Issue: 13Published at Fri, 01 Apr 2022