1. Middle East Replaces Displaced Russian Distillates In Europe

    ...rrels. Exports to Europe, including via Egypt’s Sidi Kerir storage hub, jumped by nearly 100,000 b/d to 772,000 b/d for Q1 according to data intelligence firm Kpler. This was the highest figure in Kpler data going back to 2017 and accounted for 46% of total Gulf middle distillate exports of 1....

    Volume: 66
    Issue: 17
    Published at Fri, 28 Apr 2023
  2. QatarEnergy’s Overseas Strategy Enters Pivotal Phase

    ...risk, with the majority of exploration wells ultimately coming up short. But by picking up a large, diversified slate of assets across the globe in partnership with highly proficient firms, QatarEnergy has maximized its chances of picking winners. CEO Saad Sherida al-Kaabi told MEES in late 2017...

    Volume: 66
    Issue: 16
    Published at Fri, 21 Apr 2023
  3. Egypt: Alarming Gas Output Decline Highlighted By Zohr Slump

    ...tput and that of Zohr are closely aligned and have been since 2019 when the field began ramping up following its late 2017 start-up. And while 2020 saw Egypt implement shut-ins which caused Zohr output to fall to 2.09bn cfd, 2021 rebounded to a record 2.74bn cfd. This was the same year that Cairo and En...

    Volume: 66
    Issue: 15
    Published at Fri, 14 Apr 2023
  4. Prospects For A Prolonged Ceasefire Rekindle Yemen Oil Sector Hopes

    ...lf neighbours to the north but still attracted IOC interest since the 1980s. Production peaked in 2002 at 457,000 b/d and exports were still in excess of 100,000 b/d up until 2014 (MEES, 15 September 2017). Current output is estimated to be no more than 10,000-15,000 b/d mainly coming from the Ma...

    Volume: 66
    Issue: 15
    Published at Fri, 14 Apr 2023
  5. Oman LNG Exports Soar To New Record Highs

    ...nfirmed. REVITALIZED GAS SECTOR  The surge in Oman LNG exports is largely thanks to the resurgence of the sultanate’s upstream gas sector. The September 2017 start-up of BP’s 1bn cfd Khazzan tight gas development sparked its upstream gas sector and the second phase Ghazeer development brought capacity to...

    Volume: 66
    Issue: 14
    Published at Fri, 07 Apr 2023
  6. Israel Sees Gas Export Revenues Surge 58% To Record $2.3bn for 2022

    ...a. Deliveries begun way back in 2017 – until the start-up of Leviathan at the end of 2019 these were Israel’s only gas exports – and rose 6% to 18mn cfd for 2022.   *But whilst Jordan may be a steady market in volume terms, it has outperformed Egypt in terms of price. Tamar earned a record $7....

    Volume: 66
    Issue: 14
    Published at Fri, 07 Apr 2023