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Libya: Oil Output Doubles In 2017 But Peace Dividend In The Balance
...2018 brings a new opportunity for a comprehensive peace deal in Libya. But, when it comes to oil production, the risks are largely on the downside. As has often been the case since the toppling of former leader Muammar al-Qadhafi in 2011, the future of Libya hangs in the balance. A peace se...
Volume: 60Issue: 51/52Published at Fri, 22 Dec 2017 -
Algeria To Retain Gas Focus In 2018 As New Fields Start Up
...ich badly damaged the fields’ processing facilities. Output, at an annualized 8.6bcm for the first nine months of 2017, averaged close to 9bcm/y capacity for the first time since 2011 (MEES, 3 November). Repair work from the attack was completed in mid-2016 but the leap in output only came after lo...
Volume: 60Issue: 51/52Published at Fri, 22 Dec 2017 -
KRG: IOCs Nervously Eye Calendar As Payment Wait Drags On
...ntested territory that Exxon was controversially awarded in 2011 (MEES, 21 November 2011). A Turkish military base also lies at Baeshiqa, further complicating the area’s status. The KRG currently gets another 110,000 b/d from the Khurmala dome of the Kirkuk field, and about 110,000 b/d from its other pr...
Volume: 60Issue: 50Published at Fri, 15 Dec 2017 -
Tunisia Oil Output Rebound From Protests, Fundamental Problems Remain
...oblems remain. Output has been in long-term decline, the result of a collapse in exploration. The country had over 50 active exploration permits at the start of the decade. The number fell after instability rose following the revolution at the start of 2011, which also saw key officials ousted and ot...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017 -
Egypt: Gulf Of Suez Oil Output At 40-Year Low On Back Of Lower Prices, Capex
...abilized at just over 300,000 b/d over the five years to 2011. Part of the fall since then can be attributable to economic and political instability in the aftermath of the January 2011 revolution (in particular cash-strapped Cairo’s failure to pay foreign operators – MEES, 1 December). But the biggest fa...
Volume: 60Issue: 48Published at Fri, 01 Dec 2017 -
Payment Problems
...Egyptian state firm EGPC (which typically markets crude on behalf of smaller producers). Egypt has always had a reputation as a tardy payer. But receivables to IOCs active in the country soared in the aftermath of the January 2011 revolution. From $3bn at the start of 2011 they leapt to $8bn in...
Volume: 60Issue: 48Published at Fri, 01 Dec 2017 -
Egypt Nuclear Plans Near Go-Ahead, Saudi Looks To Standardize Plant Design
...erating: Iran Bushehr-1 2011 1.0 1 3.5 Rosatom built. Operation intermittent until 20...
Volume: 60Issue: 48Published at Fri, 01 Dec 2017 -
Libya’s Waha Ramps Up Output To 260,000 b/d But Challenges Lie Ahead
...ports its crude, is down to 1.5mn barrels from 6mn barrels prior to Libya’s revolution in 2011, according to Mr Ammar. Storage tanks were destroyed during the fighting in 2011 and after it resumed in 2014. This is not hampering current production, said Mr Ammar, but could become a problem should output fr...
Volume: 60Issue: 48Published at Fri, 01 Dec 2017