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Anbar Power Plants To Build Case For Akkas Gas?
...t the country’s ongoing political stalemate has prevented any contracts from being signed. Akkas, located in Iraq’s western Anbar province was originally to be developed by Korea’s Kogas under a 2010 contract. But instability in the region deterred Kogas, and the firm declared force majeure in 2014...
Volume: 65Issue: 34Published at Fri, 26 Aug 2022 -
Saudi Arabia Rockets Towards $250bn Trade Surplus
...RTHER Saudi Arabia is investing heavily to diversify its revenues and has successfully built up its tax base, but when it comes to export revenues, oil remains dominant at some 80% of the total. And oil revenues climbed to their highest level since at least 2014 in June according to the latest go...
Volume: 65Issue: 34Published at Fri, 26 Aug 2022 -
Iraq Hopes To Slash Products Imports By 60% From Next Year
...cord levels this year. The Karbala project had seen years of delay since its EPC contract was awarded in 2014 to a Korean consortium led by Hyundai Engineering (MEES, 10 January 2014). Former oil minister Thamir al-Ghadhban told MEES in 2019 that delayed payments by the government were the culprit (ME...
Volume: 65Issue: 33Published at Fri, 19 Aug 2022 -
Oman’s Economy Rebounds With $2bn 1H Surplus
...08. Q2’s surplus of $1.12bn was up fractionally on Q1 (MEES, 27 May) for the highest quarterly figure since Q1 2014. Revenues were up across the board, with total 1H revenue of $17.47bn up 54% on 1H 2021 for the highest 1H figure since 2014 (see chart). Oman is on track to smash the plans set out in...
Volume: 65Issue: 32Published at Fri, 12 Aug 2022 -
Iran’s Energy Sector: Lots Of Bluster But Limited Progress
...at under the Gazprom MoU, “it was decided...to jointly implement a project to supply gas to Oman and Pakistan.” This is a reference to two gas export pipeline projects that have long been planned by Iran but which have gone nowhere. For Oman, a deal was inked in 2014 for Iran to export up to 10 bc...
Volume: 65Issue: 31Published at Fri, 05 Aug 2022 -
Qatar Export Revenues Soar Amid Tight LNG Market
...port revenues of $63.1bn – and ought to overtake 2021 full-year figures of $73.56bn during the current quarter. For 2022 as a whole a figure close to 2014’s $113bn hydrocarbon exports is on the cards. The eight-year high export figures pushed Qatar’s trade surplus up to $47.6bn over the first half of...
Volume: 65Issue: 31Published at Fri, 05 Aug 2022