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Oman Announces New National Gas Company
...d policies related to gas pricing and supply to various sectors of the economy including gas sales to industry. RESURGENT GAS SECTOR The start-up of BP’s 1bn cfd Khazzan tight gas project in 2017 spurred Oman’s gas revolution, with the second phase 500mn cfd Ghazeer play boosting pr...
Volume: 66Issue: 01Published at Fri, 06 Jan 2023 -
Oman Oil Output Back Above 1mn B/D
...0,000 b/d for the first time in June 2020 it has stayed well above that mark ever since. Essentially, Oman is capitalizing on the December 2019 decision by Opec+ to bring the non-Opec cohort in line with Opec and exclude their condensate production from the cuts (MEES, 6 December 2019). Between January 2017...
Volume: 65Issue: 04Published at Fri, 28 Jan 2022 -
Iran Targets 3.5mn b/d Refining Capacity
...ocessing facilities at Assaluyeh. The facility was one of the key projects awarded after sanctions were lifted in 2016. A heads of agreement (HoA) for a $3bn deal to construct the facility was signed with Korea’s Hyundai Engineering and Construction, Daelim, and Japan’s Chiyoda in 2017, with estimated co...
Volume: 65Issue: 04Published at Fri, 28 Jan 2022 -
NEW EGPC CHAIRMAN
...Egypt’s Petroleum Minister Tarek El Molla this week appointed Alaa El Batal as the new Chairman of state oil firm Egyptian General Petroleum Corporation (EGPC). Mr Batal succeeds Abed Ezz El Regal, who is retiring having headed EGPC since March 2017. Mr Batal took up his duties on 26 January, ha...
Volume: 65Issue: 04Published at Fri, 28 Jan 2022 -
Energean Eyes Egypt Amid Israel Gas Sale Uncertainty
...December 2021). The contract at the most immediate risk is with Israeli Independent Power Producer (IPP) Dalia Energy for its 900MW CCGT plant west of Jerusalem. The Dalia plant, which itself started up in 2015, contracted in 2017 to take 0.8bcm/y (74mn cfd) of Karish gas over 15 years. Da...
Volume: 65Issue: 03Published at Fri, 21 Jan 2022 -
Eastmed-To-Europe Gas Pipeline Loses Key Us Support
...chstein, who is currently serving as the State Department’s Senior Advisor for Global Energy Security, in 2017 labeling the EastMed route a “Pipedream”. East Med-to-Europe energy tie-up ambitions are now set to move on to only slightly less ambitions high voltage power interconnectors. And for now the US...
Volume: 65Issue: 03Published at Fri, 21 Jan 2022 -
Iran’s First Super Heavy Refinery Opens At Qeshm
...th a gross tonnage of up to 70,000 tons can dock on one side and 7,000 GT vessels on the other. PEDC has also been developing a 500MW combined cycle power plant to provide the refinery with power. The first 85MW has been operational since 2017-18, and work is underway to bring it up to full 500MW ca...
Volume: 65Issue: 03Published at Fri, 21 Jan 2022 -
Iran-Turkey Gas Flows Halt
...rkish booster station is preventing flows. Iran was Turkey’s second largest gas supplier behind Russia for the first ten months of 2021, providing 8.1bcm. This would already by the highest full-year figure since 2017’s 9.25bcm. Iran’s Turkey gas supply contract expires at end-2025. Iran’s Petroleum Mi...
Volume: 65Issue: 03Published at Fri, 21 Jan 2022 -
Egypt Extends Deadline On Key Offshore Block
...der-performance – the WND Phase-1 Libra and Taurus fields which came online in 2017 are no longer producing while Phase-2 Giza and Fayoum have dwindled to 250mn cfd – has left substantial ullage at the pipelines and onshore processing facilities. These processing facilities near Idku adjoin those us...
Volume: 65Issue: 02Published at Fri, 14 Jan 2022 -
Qatar Holds Off US To Remain Global No.2 LNG Exporter
...rgest LNG market, emerged as Qatar’s largest buyer in 2021 (see chart 2), with Qatar shipping 11.46mn tons there according to Kpler. Korea had been the largest market for Qatar since 2017, but when its demand cratered in 2020 during the height of the Covid-19 pandemic, the East Asian country was ov...
Volume: 65Issue: 02Published at Fri, 14 Jan 2022 -
South Korea Crude Imports: Mideast Volumes Slump To 25-Year Low For 2021
...ddle East suppliers. From a market share of over 80% to 2017, Gulf countries’ share fell to 69% for 2020 (MEES, 15 January 2021) and slumped again to a record low 60% for 2021. In absolute terms the 1.576mn b/d that Korea imported from the Gulf last year was the lowest since 1996 (see ch...
Volume: 65Issue: 02Published at Fri, 14 Jan 2022 -
Taiwan: 2021 Sees Mideast Imports Rebound From 2020’s Record Lows
...are a six-year high. Saudi Arabia supplied 282,500 b/d, up 38% year-on-year for the highest quarterly figure since Q1 2020, whilst number two Kuwait was up 66% at 202,500 b/d for the highest quarterly figure since 2017. *In contrast, whilst the USA retained number three spot for Q4, volumes of 10...
Volume: 65Issue: 02Published at Fri, 14 Jan 2022 -
Kuwait’s Haitham Al-Ghais Elected Next Opec Secretary General
...rsed in all things Opec and is a veteran oil market analyst. He served as Kuwait’s Opec governor from 2017 until June 2021, since when he has been Deputy Managing Director for International Marketing at state energy firm KPC. All told, Mr Ghais has held a number of senior roles within KPC over the past th...
Volume: 65Issue: 01Published at Fri, 07 Jan 2022 -
Algeria Launches 1GW Solar PV Tender
...hers, these projects are massively delayed. The contractor for Naama, Korea’s Samsung C&T is also working on the 1.45GW Mostaganem CCGT which has now been further pushed back to 2025. When the plant was awarded in 2014 the target for completion was 2017. Spanish contractor Duro Felguera’s 1.26GW Dj...
Volume: 65Issue: 01Published at Fri, 07 Jan 2022 -
Egypt Oil Output: Any Chance Of A Rebound?
...cord 61,800 b/d for 2H 2020, a record 12% of Egypt’s total output, effectively maintaining the monthly record 62,000 b/d hit last August (MEES, 18 September 2020). Having averaged 40,000 b/d for the decade to 2017, GPC output from onshore fields in the Eastern and Western Desert, has rapidly increased si...
Volume: 64Issue: 04Published at Fri, 29 Jan 2021 -
Adnoc’s Sour Crude Wins Over Buyers In China
...0,000 b/d production capacity (Adnoc 60%, Exxon Mobil 28%, Inpex 12%: see chart 2). The partners are working to expand capacity to 1mn b/d by 2024 (MEES, 17 November 2017). Upper Zakum is one of the deliverable grades for the Shanghai International Energy Exchange (INE) oil futures contract which was la...
Volume: 64Issue: 04Published at Fri, 29 Jan 2021 -
Thailand Crude Imports: Mideast Share Falls To Record Low
...the UAE in 2017 when Saudi notched up a record 259,000 b/d, Saudi volumes have since slipped back: 2020’s 195,000 b/d was a six-year low. *The USA was number three with volumes rising 12,000 b/d to a record 98,000 b/d for 2020. *Gaining market share at the Gulf’s expense have be...
Volume: 64Issue: 04Published at Fri, 29 Jan 2021 -
Algeria’s Power Output Falls For First Time On Record In 2020
...20, but was also the second highest on record ahead of 2017’s 14.45GW (see chart 2). The good news is that peak demand remains well below Algeria’s installed capacity, which rose by 900MW to 22.9GW last year. That buffer isn’t as large as it looks, however. In reality, Algeria’s ‘available ca...
Volume: 64Issue: 04Published at Fri, 29 Jan 2021 -
Saudi Arabia Unveils PIF’s Five Year Strategy
...erall, Saudi GDP growth has been slow since the late-2014 oil price crash (see chart 1). The late-2017 decision to end austerity measures (MEES, 22 December 2017) that were crimping growth had been paying dividends, but the unprecedented turmoil of last year derailed the economy. The IMF’s latest es...
Volume: 64Issue: 04Published at Fri, 29 Jan 2021 -
2021: A Year of Challenges & Opportunities For Iraqi Kurdish Oil
...0,000 b/d-worth of production from Avana Dome and Bai Hassan fields to federal Iraqi troops in late 2017 (MEES, 20 October 2017), the semi-autonomous region managed to grow its overall oil output. Based on company figures and estimates, MEES puts average-2020 production at 454,000 b/d – a figure closely in...
Volume: 64Issue: 03Published at Fri, 22 Jan 2021