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UAE Gets Major Gas Boost With Jebel Ali Discovery
...ll as supplies from Adnoc’s operations in Abu Dhabi, it is contracted to take 730mn cfd through the Dolphin pipeline from Qatar and imports LNG through a 960mn cfd (7.2mn t/y) FSRU. Dubai imported just 770,000 tons (100mn cfd) of LNG in 2018, down sharply from 2.47mn tons in 2017. Dubai’s limited of...
Volume: 63Issue: 06Published at Fri, 07 Feb 2020 -
KBR Bags Key Adnoc Contract
...Dubai (see p2). Eni says it is targeting first gas from the Dalma portion of the project in 2022, with the larger Hail & Ghasha project starting up in 2024. KBR has previously worked at the assets. In 2017 it was awarded a PMC contract for FEED work at the Dalma and Detailed Design and Su...
Volume: 63Issue: 06Published at Fri, 07 Feb 2020 -
Opec Production Falls Sharply, More Cuts On The Way?
...blicly debate cutting deeper still. Given that the Opec+ alliance has been enforcing cuts almost continuously since January 2017, dividing up deeper cuts will be no easy task. But as oil prices have slumped amid concerns over dramatic falls in China’s demand, deeper cuts look increasingly ne...
Volume: 63Issue: 06Published at Fri, 07 Feb 2020 -
Iraq Crude Exports: Slow January Highlights Systemic Vulnerabilities
...ptember 2017. Exports from the semi-autonomous Kurdistan Region also fell – to just 350,000 b/d according to data intelligence firm Kpler – pointing to total Iraqi exports of just 3.66mn b/d. Federal exports can often be volatile in the winter months when bad weather can impede loadings from Basra, an...
Volume: 63Issue: 06Published at Fri, 07 Feb 2020 -
Egypt Petchems Sector Boosted By Gas Revival, Eyes Expansion
...gasoil, 210,000 t/y of benzene and 485,000 t/y of petcoke as well as 600,000 t/y of polyethylene and 380,000 t/y of polypropylene (MEES, 22 September 2017). E-Styrenics has awarded contracts to local firms for a 300,000 t/y styrene plant at Alexandria. This will process ethylene and benzene to pr...
Volume: 63Issue: 06Published at Fri, 07 Feb 2020 -
Abu Dhabi Moves To Consolidate State Utilities
...also streamlining other areas of its energy sector, having implemented a considerable shakeup in recent years. State energy investor IPIC was folded into Mubadala in 2017, while Adnoc has been undergoing a major organizational transformation under CEO Sultan al-Jaber. SHAREHOLDERS’ IN...
Volume: 63Issue: 06Published at Fri, 07 Feb 2020 -
Algeria’s Sonatrach: New CEO, Same Old Challenges
...e jury is still out on whether a reduced tax take of around 20 percentage points will be enough to catch the attention of IOC cash (MEES, 10 January). 1: IN AMENAS OUTPUT HAS GRADUALLY FALLEN SINCE A LATE 2016 COMPRESSION PROJECT HELPED BOOST 2017 PRODUCTION TO AN 8.4BCM RECORD SOURCE: EQ...
Volume: 63Issue: 06Published at Fri, 07 Feb 2020 -
Bahrain Studies ‘Mega’ Fertilizers
...uity in GPIC: Bahrain’s Nogaholding investment vehicle; Saudi Arabia’s Sabic Agri-Nutrients; and Kuwait’s state petchems firm PIC. The planned gas study suggests GPIC is considering developing a new fertilizers complex to utilize gas from a huge tight oil and deep gas discovery made at the end of 2017...
Volume: 63Issue: 06Published at Fri, 07 Feb 2020 -
BP Key Egypt Project Sees 12-Month Delay
...ree or four years of projects coming in below cost, on budget and, in some cases, ahead of schedule.” IT ALL STARTED SO WELL BP, which holds an 82.75% operator’s stake at WND, announced the start-up of the Phase-1 Libra and Taurus fields in late March 2017 “eight months ahead of start-up sc...
Volume: 63Issue: 06Published at Thu, 06 Feb 2020 -
Iraq’s Costly Liquids Habit
...Iraq’s gas shortages mean the country is dependent on burning liquids for electricity generation. Total liquids burn edged up in 2018 to 328,000 b/d from 318,000 b/d in 2017 as post-war reconstruction drove increased demand. The increase would have been considerably greater had it not been fo...
Volume: 62Issue: 08Published at Fri, 22 Feb 2019 -
Tunisia’s Oil Woes Here To Stay
...terested in heading for the door than splashing the cash. Tunisia’s glory days of being a net oil exporter are long gone. Crude output has nosedived in recent years and in 2018 it only managed 38,400 b/d. That this fall is of a relatively-modest 1% from 2017’s previous 50-year low is only due to the fa...
Volume: 62Issue: 08Published at Fri, 22 Feb 2019 -
Oman Looks To Bag More IOCs In Latest Licensing Round
...d round saw the likes of Occidental (Oxy) expand its portfolio in the sultanate (MEES, 9 November 2018) whilst the 2017 bid round brought Italy’s Eni and Qatar Petroleum into the fold (MEES, 15 September 2017). Oman’s Oil Minister Muhammad al-Rumhy told MEES last year that bringing bigger, more pr...
Volume: 62Issue: 08Published at Fri, 22 Feb 2019 -
India Crude Imports: Iraq, Saudi Dominant Despite Looming Long-Haul Challenge
...*India imported a record 4.51mn b/d of crude in 2018, up 4.5% on 2017. At 2.94mn b/d, volumes from the Middle East for 2018 were also a record, though the Gulf’s market share, at around 64% has remained static for the past three years (see Chart 1 and table, p20). *The second half of...
Volume: 62Issue: 08Published at Fri, 22 Feb 2019 -
Taiwan Crude Imports Hit 8-Year High, Opec Share At Record Low
...re stagnant last year, those from key African Opec producer Angola collapsed from 70,100 b/d in 2017 when Angola was the fourth largest supplier, to just 10,700 b/d for 2018. *Among Gulf suppliers, Saudi Arabia remains Taiwan’s top supplier, with 270,000 b/d for 2018, 30% of total imports. Vo...
Volume: 62Issue: 08Published at Fri, 22 Feb 2019 -
Australia Challenges Qatar For Taiwan LNG Top Spot: Just The Prelude?
....4% on 2017’s previous record. But Taiwan had a bumper December, with its 2018 total of 16.9mn tons, up slightly on 2017’s previous high. Coupled with monthly record imports from China and Korea, December saw the highest ever monthly LNG trade volumes (see chart, p24). In Taiwan, Qatar remained we...
Volume: 62Issue: 08Published at Fri, 22 Feb 2019 -
Saudi Crown Prince’s Asian Tour: Lots Of Promises, Little Detail
...increasingly precarious dependence on Chinese debt. As for Saudi Arabia, the investments could guarantee access to a growing market for its crude oil. It provided 88,000 b/d of Pakistan’s 212,000 b/d oil imports in the 2017-18 financial year, behind only the UAE on 121,000 b/d (MEES, 9 No...
Volume: 62Issue: 08Published at Fri, 22 Feb 2019 -
Gulf Loses Patience With Sudan
...$1; a lack of banking liquidity is expected to bring further declines. Government plans to print more large-denomination banknotes have been thwarted by a lack of the right kind of paper. Gross international reserves in 2017 were just $1.1bn, providing less than two months of imports cover, according to th...
Volume: 62Issue: 08Published at Fri, 22 Feb 2019 -
Saudi Reaps Rewards Of Downstream Investment
...cord and just 1mn barrels shy of the monthly record set in February 2017. Even while being helped by drawdowns, the production surge will have placed a toll on infrastructure and may have contributed to recent, partial outages at the 1.5mn b/d offshore Safaniyah field reported by Reuters. The up...
Volume: 62Issue: 08Published at Fri, 22 Feb 2019 -
Saudi Renewables Plan: More Answers, More Questions
...ergy still costs money to generate. Assuming the government is serious about the Repdo plans, it needs to act quickly. A stepping stone 2024 target of 27.3 GW is no easy feat – the Mena region’s total installed wind and solar capacity as of 2017 was just 5.7GW. Planned 2019 tenders amount to 3....
Volume: 62Issue: 08Published at Fri, 22 Feb 2019 -
Egypt Raises $4bn Bond, Posts $10.4bn 2H18 Deficit
...6.7bn ($10.4bn) for the first six months of the 2018-19 financial year (July-December 2018), more or less unchanged from the E£187.3bn ($10.6bn) for the first half of the previous 2017-18 financial year. The 1H 2018-19 figures suggest that Egypt is likely to post a significantly lower deficit for 20...
Volume: 62Issue: 08Published at Fri, 22 Feb 2019