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Israel-Egypt Energy Ties Deepen As 2022 Sees Record Gas Flows
...tacks in the Sinai, though growing gas shortages in Egypt were the underlying reason, as well as changing political currents in Egypt following the 2011 ouster of President Mubarak (MEES, 30 April 2012). Sameh Fahmy, the minister who inked the deal with Israel, was thrown in jail post-Revolution, al...
Volume: 66Issue: 08Published at Fri, 24 Feb 2023 -
Egypt Gas Output Slumps For Q4, Consumption Down More For 12-Year High LNG Exports
...s the lowest December figure since 2015. Add in the record Q4 imports of 709mn cfd from Israel and Egypt was able to export a bumper 1.62bn cfd of gas for Q4, the highest figure in Jodi data stretching back to the start of 2011. Of this, 1.56bn cfd was exported as LNG and 53mn cfd to Jordan. Fi...
Volume: 66Issue: 08Published at Fri, 24 Feb 2023 -
Israel & Egypt’s Blossoming Energy Relationship
...ntacts have been threadbare (save Israeli tourists in Sharm el Sheik). The first two attempts at energy tie-ups, the 2001 Midor refinery, and the 2008 East Mediterranean Gas (EMG) pipeline built to deliver Egyptian gas to Israel collapsed in acrimony (MEES, 1 August 2011). Even the latest pr...
Volume: 64Issue: 08Published at Fri, 26 Feb 2021 -
Iraq Struggles To Find Developers For Mansuriya Gas Field
...nistry of oil, it really shouldn’t have. The field was originally to be developed under a 2011 contract by a consortium of Turkey’s TPAO (22.5%op), Korea’s Kogas (15%), and the Kuwait Energy subsidiary of Hong Kong based United Energy Group (UEG 22.5%) alongside state-owned Oil Exploration Company (OEC 25...
Volume: 64Issue: 07Published at Fri, 19 Feb 2021 -
Libya’s Power Sector In A Race Against Time
...vember 2020) though more is needed. Power supply shortages have been a huge problem since the 2011 revolution and the chaos that followed (MEES, 21 January 2019). But capacity was flagging even before the uprising: one unit of the 480MW Khoms steam turbine plant hasn’t been overhauled since 1996. Ma...
Volume: 64Issue: 05Published at Fri, 05 Feb 2021 -
Oil Blockades Take Their Toll On Libya
...on fall to zero. And for now, the key instigator of the crisis, eastern general Khalifa Haftar, looks unlikely to give in. Libya is deeply divided. It has two rival governments, two central banks and two national oil companies. The chaos following the 2011 overthrow of Muammar Gaddafi has de...
Volume: 63Issue: 07Published at Fri, 14 Feb 2020 -
Gulf Loses Patience With Sudan
...an 450,000 b/d prior to the secession of South Sudan to 115,000 b/d in late 2011 and has fallen further since. The government puts current production at between 70,000-75,000 b/d; even this is probably an overestimate, says Mr Elhaj. On 13 February the Sudanese pound fell to a record low of SP 83 to...
Volume: 62Issue: 08Published at Fri, 22 Feb 2019 -
Iran Exports: Korea Restart Amid French Euro-Hope
...17 *TURKEY DEC FIGURE is ESTIMATE BASED ON SHIPPING DATA AND REUTERS REPORTS. ^^FRANCE, AUSTRIA INCLUDED IN 'OTHER EU' FOR 2011, 2012. SOURCE: NATIONAL IMPORT STATISTICS, REUTERS, BLOOMBERG, MEES....
Volume: 62Issue: 07Published at Fri, 15 Feb 2019 -
IOCs ‘Exclude’ Libya From 2019 Plans
...6mn b/d by end-2019 – a level last reached before the 2011 revolution (see chart 1) – and ultimately 2.1mn b/d by 2021. But the outlook remains bleak. The central bank and internationally-recognized government based in Tripoli have yet to agree a 2019 budget, whilst the key 315,000 b/d-capacity El Sh...
Volume: 62Issue: 07Published at Fri, 15 Feb 2019 -
Sudan, South Sudan Claim Oil Production Boon, But How Much?
...OC), a consortium of China National Petroleum Corporation (CNPC), Malaysia’s Petronas and ONGC Videsh (all state-owned) and local firm Nilepet. Since South Sudan’s independence in July 2011, GPOC has been responsible for operating those parts of Blocks 1, 2 and 4 that lie south of the border with Su...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
Qatar 2018 Revenue Surge Finances Renewed Checkbook Diplomacy
...rch 2018 (MEES, 30 March 2018). Bilateral relations have been strong following since Qatar’s mediation in the Darfur conflict, which resulted in the 2011 Doha Document for Peace in Darfur. Qatar has of course spent lavishly over the years on sports in an attempt to garner international prestige. Th...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
East Med Gas: Troubled Waters
...e incentives for Lebanon’s government. Whilst any sort of comprehensive peace agreement remains as far away as ever, the US has attempted to mediate a de facto agreement on their maritime boundary. In 2011 it sent diplomat Frederick Hoff to Lebanon in hopes of resolving the dispute. The so-ca...
Volume: 61Issue: 07Published at Fri, 16 Feb 2018 -
Corruption Destroying Libya’s Future, Says Oil Chief
...ney are bad ones.” A team sent by NOC to the west of the country in late 2017 to investigate oil smuggling found that more than 80% of filling stations were not operational. “We suspect they are being used by smugglers as a front,” said Mr Sanalla. Most of the facilities had been built since 2011. NO...
Volume: 61Issue: 05Published at Fri, 02 Feb 2018 -
Baghdad-Erbil Refining Deal Signals Pragmatism Winning Out
...yala provinces, most likely crossing into Iran around Naft Shah. This is where a 10bcm/year gas pipeline from Iran to power stations supplying Baghdad is meant to cross into Iraq. The deal was signed in 2011 but the project has stalled due to security concerns in Diyala province. Despite recent mi...
Volume: 60Issue: 08Published at Fri, 24 Feb 2017 -
Tunisia: Oil & Gas Slump, Tourism Collapse – Bonds To The Rescue?
...achieving a total of $2.85bn in external financing including $550mn via a sukuk. Tunisia’s economy has struggled since the 2011 Arab Spring. More democracy has meant more instability and a rise of Islamic extremism, with the key tourism and energy sectors badly hit. Tourism is a pillar of th...
Volume: 60Issue: 07Published at Fri, 17 Feb 2017 -
Iraq: Abadi’s ‘Technocrat’ Reshuffle Plan Slim On Detail
...s been held up by political gridlock in parliament for years; in fact the cabinet passed a draft for an independent company back in August 2011. With the possibility of passing an oil law seemingly out of reach, Mr Abd al-Mahdi may have decided that this less ambitious goal was a better use of hi...
Volume: 59Issue: 08Published at Fri, 26 Feb 2016 -
Libyan Unity Still Distant As Oil Trading Disputes Fester And IS Power Grows
...ng.” As has been the case since the ousting of former leader Mu’ammar al-Qadhafi in 2011, one of the biggest barriers to the agreement has been control over the country’s oil resources. The country’s crude oil output dropped to just 317,000 b/d in late January compared to some 1.6mn b/d prior to the fa...
Volume: 59Issue: 07Published at Fri, 19 Feb 2016 -
Tunisia Bags EU, IMF Cash But Oil & Gas Output At Record Lows
...ansition process has been facing so many economic challenges since 2011;” recent terrorist attacks “have exacerbated an already vulnerable balance of payments and fiscal position, creating important financing needs,” he says. Tunisia, the pioneer of the 2011 Arab Spring revolts, suffered several deadly at...
Volume: 59Issue: 07Published at Fri, 19 Feb 2016 -
Algeria Reaches Critical Crossroads
...e Arab Spring that started in 2011. The government responded to local protests through more spending via food and fuel subsidies, salaries increases for public jobs and housing and health assistance, at a time when oil prices were comfortably sitting above $100/B. But it is now paying dear for a fa...
Volume: 59Issue: 06Published at Fri, 12 Feb 2016 -
Warring South Sudan Factions In Last-Chance Saloon
...0,000 b/d it was producing on average over the second half of last year, but still some 30% below pre-conflict production, and around 51% less than what it was producing in the second half of 2011, immediately after independence from Sudan. And with the country’s oil fields central to the ongoing co...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015