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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 -
Egypt Downstream: ERC Boosts Output & Exports To 2020 Records Despite Covid Slump
...– at 649,000 b/d the latter was up 21% year-on-year including record output of gasoline (97,000 b/d) and jet-kero (68,000 b/d) with diesel output of 171,000 b/d just fractionally below the all-time high set in 2011. *But for Q2, output of all products slumped versus Q1, with the overall ou...
Volume: 64Issue: 08Published at Fri, 26 Feb 2021 -
Shell & Petronas At Odds Over Egypt Expansion
...indled from 1.2bn cfd in 2012 to around 500mn cfd now. The WDDM slump is the result of a combination of high underlying decline rates, underperforming wells and slashed investment amid soaring receivables in the years following Egypt’s 2011 revolution (MEES, 7 February, 2014). Shell in early 2018 dr...
Volume: 64Issue: 07Published at Fri, 19 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 -
Saudi Arabia’s Oil Sector In 2020: Assessing A Tumultuous Year
...mand of 455,000 b/d was the lowest since 2011 and down 17% year-on-year. Demand bottomed out at 231,000 b/d in April amid tight Covid-19 mobility restrictions and while it rebounded to 530,000 b/d in October, it exited the year at 488,000 b/d. The impact on diesel demand was more muted due to the fu...
Volume: 64Issue: 07Published at Fri, 19 Feb 2021 -
Spain 2020 Crude Imports: Record Low Mena Share Amid Libya Collapse
...lumes of 181,000 b/d were the lowest on record, whilst the North Africa total of 63,100 b/d was the second lowest after Libya’s revolutionary year of 2011. *Spain’s top two suppliers, Nigeria with 220,000 b/d, and Mexico on 160,000 b/d, were the same as 2019, whilst Libya’s collapse saw Saudi cl...
Volume: 64Issue: 07Published at Fri, 19 Feb 2021 -
Egypt Oil Output Plumbs New 40-Year Low For 2020
...nai). *The Western Desert, which overtook the Gulf of Suez region as Egypt’s key production area in 2011 and has provided over half of production since 2014, saw output fall 7% to a 9-year low of 321,000 b/d for 2020. December’s 290,000 b/d was the lowest monthly figure since May 2010. This comes as the re...
Volume: 64Issue: 06Published at Fri, 12 Feb 2021 -
KRG: DNO Buys Out Exxon At Baeshiqa, Eyes Development
...ce its exit from the block is finalized, it will be left with just the Pirmam block where it confirms that it still retains its 80% operating stake. The US supermajor initially signed up to six blocks, including Baeshiqa, in a controversial 2011 deal. Not only did Baghdad oppose the signing of ag...
Volume: 64Issue: 06Published at Fri, 12 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 -
Qatar Export Revenues Fall 30% In 2020
...s current level of 77mn t/y in 2011. The figure is considerably lower than at the height of the collapse precipitated by the oil price slump from late 2014. Then annual revenues bottomed out at $57.3bn in 2016 (see chart 1). However, Qatar has had considerable success in reducing its import tab in...
Volume: 64Issue: 05Published at Fri, 05 Feb 2021