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Syria Boosts Domestic Gas Supplies
...mand, and Syria has also signed agreements to import pipeline gas from neighboring states (see p12). SPC has also now started trucking crude oil from the Jebissa and Deir Ezzor’s Omar and Tanak fields to the Homs and Banias refineries. Prior to the start of Syria’s civil war in 2011, the fields were pa...
Volume: 69Issue: 05Published at Fri, 30 Jan 2026 -
Libya Welcomes Frozen Asset Breakthrough
...The Libyan Investment Authority (LIA) – Libya’s sovereign wealth fund – this week hailed two long-awaited decisions regarding its overseas frozen assets, an estimated $68bn that the country has struggled to recover since the 2011 ouster of dictator Muammar Gaddafi (MEES, 7 August 2015). On...
Volume: 68Issue: 04Published at Fri, 24 Jan 2025 -
Kuwait Appoints New Pm
...reign affairs minister in 2011 due to his concerns with government corruption. That corruption scandal prompted the infamous ‘storming’ of parliament by protestors and the resignation of prime minister Nasser Mohammed Al Sabah (MEES, 5 December 2011). The new PM is the first of Al Salem branch of th...
Volume: 67Issue: 01Published at Fri, 05 Jan 2024 -
Libya’s Harouge Hits 44,000 B/D In 2021, Eyes More
...start of the Naga field. Harouge, which is a 49:51 JV between Canada’s Suncor and Libya’s NOC, had an output capacity of almost 100,000 b/d before the 2011 revolution. But gross output levels have languished well below a third of this for much of the past decade due to a lack of maintenance, damage to fa...
Volume: 65Issue: 01Published at Fri, 07 Jan 2022 -
Syria Oil & Gas: No Progress
...r in 2011). This shows little-if-any progress from a year ago (MEES, 17 January 2020) despite plans to grow production from retaken oil fields to 100,000 b/d. Gas output appears to have actually fallen, with current production at 450mn cfd against around 580mn cfd a year ago. Recent attacks on ga...
Volume: 64Issue: 03Published at Fri, 22 Jan 2021 -
Norway’s Yara Quits Libya
...st year (MEES, 24 January 2020). Yara has made a loss each year since Libya’s 2011 revolution. The firm wrote down $112mn of its investment in 2015. “Yara’s book value of the investment is zero,” Yara said on 4 January. ...
Volume: 64Issue: 01Published at Fri, 08 Jan 2021 -
Saudi Net Foreign Assets Stabilize At $500bn In 2019 But Government Reserves Fall To New Multi-Year Low Of $125bn
...RESERVES FIGURES ARE END-YEAR, OIL PRICE ANNUAL AVERAGE. *GOVERNMENT RESERVES FIGURES PRE-2012 ARE NOT DIRECTLY COMPARABLE DUE TO CHANGES IN METHODOLOGY. HOWEVER UNDER THE OLD METHODOLOGY 2011 WAS LEVEL WITH 2012. SOURCE: SAMA, MEES. ...
Volume: 63Issue: 05Published at Fri, 31 Jan 2020 -
Saudi PIF Eyes Premier League
...wcastle United for around £350mn ($454mn). Riyadh would be following in the footsteps of Qatar’s state Sports Investment which bought French football club Paris Saint-Germain in 2011 and the UAE’s Sheikh Mansour bin Zayed Al Nahyan who acquired Manchester City in 2008. PIF wouldn’t even be the first Sa...
Volume: 63Issue: 05Published at Fri, 31 Jan 2020 -
Israel Accelerates Coal To Gas Shift
...e in electricity production, with coal supplying 30% of the country’s electricity needs in 2018, from 59% in 2011, whilst gas has risen from 35% to 65% over the same period. Prior to Leviathan coming online the country’s gas needs were met by the 11tcf Tamar gas field which produces at around 1bn cf...
Volume: 63Issue: 02Published at Fri, 10 Jan 2020