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Morocco Generates Gas Sector Momentum
...ni Mathar and 385MW Tahaddart) until 2021, the kingdom had been looking to reduce its reliance on imports from its rival neighbor (MEES, 30 June 2017). The latest LNG import infrastructure plans, as well as the planned output from Tendrara, are part of a national strategy to diversify energy su...
Volume: 68Issue: 50Published at Fri, 12 Dec 2025 -
Middle East Oil Exports In 2024: A Year Of Transition
...sily breaking 2021’s previous record of 20.0%. Crude still accounts for nearly 80% of total exports, but with more than 22mn barrels of oil being exported from the region every day, a shift of a single percentage point equates to substantial volumes: refined products exports are up by 1.5mn b/d since 2017...
Volume: 67Issue: 51/52Published at Fri, 20 Dec 2024 -
Saudi Arabia On Course For Trade Deficit With China
...s largest partner of all; China (see chart 1). China has been the largest source of imports for Saudi Arabia since 2017, after jousting with the USA for the top spot in the years prior (see chart 2). The value of Chinese imports has increased each year with the exception of Covid-hit 2020. Last ye...
Volume: 67Issue: 51/52Published at Fri, 20 Dec 2024 -
Oman: Tethys Flops In Block 58
...16 December. Output is in decline at Tethys’ only producing asset, Blocks 3&4 (CCED 50%op, Tethys 30%, Mitsui E&P 20%) where production has averaged 26,000 b/d so far this year, down 35% from its 2017 peak. The firm recently submitted a field development plan for Block 56, though volumes he...
Volume: 67Issue: 50Published at Fri, 13 Dec 2024 -
Assad’s Downfall Reshuffles Regional Order
...d previously headed the ‘Syrian Salvation Government’ created by HTS in 2017 to administer its territory in Idlib province (see map). SYRIA’S NEW CONTROL MAP AND OIL & GAS INFRASTRUCTURE HTS has a problematic history, to say the least. Until 2016, it was known as Ja...
Volume: 67Issue: 50Published at Fri, 13 Dec 2024 -
UAE Gas Growth Outlook Revised Up Sharply
...st, with its abundance of low-cost energy resources certainly has a strong business case to attract AI data centers, and the UAE has made no secret of its plans to capitalize on this. It appointed a minister of state for artificial intelligence in 2017, launching the UAE strategy for AI in the same ye...
Volume: 67Issue: 50Published at Fri, 13 Dec 2024 -
Cyprus Hopes For Mega Exxon Elektra Find To Jolt Its Gas Sector To Life
...permajor’s exploration position in a region where it has no current output. Exxon was awarded blocks 10 and 5 offshore Cyprus in March 2017 and November 2021 respectively, making the Glaucus find in the former on 2019 (MEES, 1 March 2019). It has since added three large Egyptian Mediterranean blocks, with Qa...
Volume: 67Issue: 50Published at Fri, 13 Dec 2024 -
Oman Gas Sector Set For Leap Forward In 2024
...Oman’s gas renaissance continues apace, with both Shell and TotalEnergies set to advance key projects in 2024. The key near-term limiting factor is not upstream potential but outlets for new production, Shell’s country chief tells MEES. Until 2017 the outlook for Oman’s gas sector was wo...
Volume: 66Issue: 51/52Published at Fri, 22 Dec 2023 -
Angola Quits Opec Over Quota Reform Process
...ll. Angola signed up to a 1.673mn b/d Opec+ allocation from January 2017, but even when production restrictions eased, it was unable to bring output back to anything approaching pre-2017 levels (see chart). Luanda will be hoping that free from the prospect of Opec+ production limitations, the country wi...
Volume: 66Issue: 51/52Published at Fri, 22 Dec 2023 -
Kuwait’s New Emir Criticizes Political Divisions
...tober 2022 did KPC finally began operations at its long-awaited 120,000 b/d GC-32 project which was due online in 2020 after a $1.3bn 2017 award to the UK’s Petrofac (MEES, 31 March 2017). …WITH DELAYED PROJECT AWARDS The minister’s claims are backed up by a 30 Oc...
Volume: 66Issue: 51/52Published at Fri, 22 Dec 2023 -
Harbour Expands With Wintershall Takeover
...ich in turn was formed in a 2017 merger (MEES, 1 December 2017). That deal left Wintershall Dea with substantial Russian assets, which, in a further complicating factor will be excluded from the Harbour transaction. As will one of Wintershall Dea’s key Mena assets, the ‘Wintershall’ fields in Li...
Volume: 66Issue: 51/52Published at Fri, 22 Dec 2023 -
Kuwait’s Cabinet Looks Ahead To A Troublesome 2024
...rrorism related charges. As well as the political figures, those pardoned included Shafi al-Ajimi who was jailed in 2021 for financing Al-Qaeda-linked Al-Nusra Front in Syria, and Hassan Abdul Hadi Hajeyah who was sentenced in 2017 to life in prison for heading the infamous ‘Abdali Cell’. The group ha...
Volume: 66Issue: 50Published at Fri, 15 Dec 2023 -
Egypt’s Financial Woes Mount: Record Debt & Deficit As Devaluation Looms
...th the IMF. But as oil prices have risen in recent years gasoline and diesel subsidies have reappeared by the back door (MEES, 10 November). The E£119.4bn ($3.9bn) budgeted for 2023-24 spending on oil products subsidies is the highest since 2017-18 in Egyptian pound terms and 2018-19 in dollar te...
Volume: 66Issue: 50Published at Fri, 15 Dec 2023 -
Iran Plans Major Gas Storage Expansion To Face Winter Shortages
...a pipeline to consumers. In addition to meeting local demand in the high season, the gas storage facilities were envisioned to reduce reliance on imports from Turkmenistan, which peaked at around 9.3bcm in 2017. GAS GIANT WITH PUNY STORAGE Iran boasts the world’s second largest proven gas re...
Volume: 66Issue: 49Published at Fri, 08 Dec 2023 -
Saudi Arabia Budgets For $21bn Deficit In 2024
...sults, which show a 41.5% year-on-year increase to $54.1bn in capital expenditure. This is the highest figure since 2017, and with much of the investment responsibilities having been moved off-budget to state entities such as PIF, this indicates significantly higher investments than six years ago. De...
Volume: 66Issue: 49Published at Fri, 08 Dec 2023 -
Egypt Looks To Kickstart WestMed Exploration With Seismic Surge
...fine their exploration strategies,” PGS says. Cairo previously commissioned PGS to shoot 2D seismic right across the Herodotus Basin in 2017-18 (MEES, 25 January 2019), before choosing to only offer up blocks comprising the nearer-shore portion of the Basin in subsequent drilling. BP DE...
Volume: 66Issue: 48Published at Fri, 01 Dec 2023 -
Yemen’s Breakthrough Truce Threatened By Houthi Military Attacks
...mbined cycle power plant. Yemen’s oil and gas sector had been declining since long before the onset of civil war. Production peaked in 2002 at 457,000 b/d with exports remaining above 100,000 b/d until 2014 (MEES, 15 September 2017). However, since the start of the conflict and the Saudi-led in...
Volume: 66Issue: 48Published at Fri, 01 Dec 2023 -
India Crude Imports: Iraq Rebound As Russia Remains Dominant
...Latest official Indian crude import stats for October show volumes from Iraq rebounding to 1.06mn b/d, the highest since March, and the first over 1mn b/d since April. Iraq was India’s top supplier every year from 2017 to 2022 but Russia has surged ahead this year. India’s imports from Ru...
Volume: 66Issue: 48Published at Fri, 01 Dec 2023 -
Algeria-Turkey LNG Deal
...gerian LNG. Nevertheless, Turkey has taken in excess of its contractual term volumes of Algerian LNG every year since 2017, whilst Turkey has been Algeria’s top export market for each of the past six years. For 2023, Algeria-Turkey volumes are on track to challenge the annual record of 4.37mn to...
Volume: 66Issue: 48Published at Fri, 01 Dec 2023 -
Iran’s Winter Gas Preparations Hit The Skids Amid Icy Snap
...ocessing plant which receives feedstock from Phases 22-24. As a result, NIGC had to shuffle around existing “Ukrainian-made turbines” for its winter preparations. Mapna was contracted to provide 16 such units – each 25MW in capacity – since at least 2017 but its line of MGT-30 turbines has suffered pr...
Volume: 65Issue: 51/52Published at Fri, 23 Dec 2022