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Libya Oil Revenues Soar But Still Short Of Central Bank Target
...VENUES* AT $11.6BN IN THE FIRST SEVEN MONTHS OF 2021 ARE ALREADY DOUBLE THE FULL YEAR 2020 FIGURE OF $5.9BN *CBL 'OIL REVENUE' NUMBERS USED BETWEEN 2011 AND 2017 DUE TO ABSENCE OF NOC DATA. ^INCLUDES GAS EXPORT REVENUE, PRODUCTS SALES. ^^INCLUDES SMALL VOLUMES OF CONDENSATE. SOURCE: OPEC ASB, CB...
Volume: 64Issue: 34Published at Fri, 27 Aug 2021 -
Libya’s Forex Reserves Fall 21% In 2020
...e inaccessible to Libya due to strict UN sanctions that have been in place since 2011.The idea is that sanctions will be removed once Libya has an accountable government. But the country is still deeply divided. Libyan actors are still squabbling over the legal basis for elections that are sc...
Volume: 64Issue: 34Published at Fri, 27 Aug 2021 -
Libya Eyes Mabruk Field Redevelopment
...ys it is also aiming to bring back Hakim, Sabah and Fedah. Zueitina had a production capacity of nearly 60,000 b/d before the 2011 revolution but this has dwindled to well under 20,000 b/d. Waha Oil Company is still working to restore production from its once-120,000 b/d Dahra field which was si...
Volume: 64Issue: 34Published at Fri, 27 Aug 2021 -
Eni In Libya: Bumper Oil Output As Exports Head Far & Wide, But Gas At 10-Year Lows
...PORTS TO ITALY HAVE BEEN RUNNING AT THEIR LOWEST CONSISTENT LEVELS SINCE THE REVOLUTIONARY YEAR OF 2011 (MN CFD) *TO 19 AUGUST. SOURCE: SNAM, ENI, MEES. GAS HIT BY POWER OUTAGE Mellitah’s offshore Bahr Essalam gas fields have produced almost continuously through the last 10...
Volume: 64Issue: 33Published at Fri, 20 Aug 2021 -
Spain Crude Imports: Saudi & Mideast Share At Record Low As Libya Volumes Soar
...*Spain’s crude imports remain depressed by Covid. Average 1H 2021 imports of 1.074mn b/d were level with 2H 2020 as the lowest half year figure since 2011. Imports have edged up in recent months with the Q2 2021 average of 1.083mn b/d the highest ‘post-Covid’ quarterly figure. But this is st...
Volume: 64Issue: 33Published at Fri, 20 Aug 2021 -
New Iran Cabinet Brings Back Shades Of Ahmadinejad
...ree branches of government: the presidency, parliament and judiciary. OWJI FOR OIL For the high-profile petroleum ministry, Mr Raisi nominated Javad Owji, who served under the former ultra-conservative petroleum minister Rostam Ghasemi as deputy minister from 2011 to 2013. His former boss had be...
Volume: 64Issue: 32Published at Fri, 13 Aug 2021 -
Saudi Aramco’s Master Gas System: A Work In Progress
...twork last year (MEES, 26 May 2020). SAUDI ARABIA: KEY POWER INFRASTRUCTURE SAUDI ARABIA SALES GAS* OUTPUT HAS BEEN CONSISTENTLY CLIMBING YEAR-ON-YEAR (BN CFD)*CONVERTED FROM BTU TO CFD UNTIL 2011. SOURCE: SAUDI ARAMCO, MEES....
Volume: 64Issue: 32Published at Fri, 13 Aug 2021