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Genel Farm-In Boosts Development Prospects At Chevron KRG Blocks
...20. The first well was drilled in 2011 but then-operator, Canada’s Niko Resources deemed the quantities of light 43-46°API crude non-commercial (MEES, 12 November 2012) and relinquished the asset the following year. Chevron pounced on the block in early 2013 (MEES, 1 February 2013) as it was sn...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Iran: Exports Edge Up But Outlook Remains Bleak
...UTERS REPORTS. GREECE NOV18 FIGURE IS ALSO AN ESTIMATE. **BONDED STORAGE IN DALIAN, CHINA (ESTIMATES BASED ON DIFFERENCE BETWEEN SHIPPING ARRIVALS IN CHINA AND OFFICIAL CHINA IMPORT STATS). ^^FRANCE, AUSTRIA INCLUDED IN 'OTHER EU' FOR 2011, 2012. SOURCE: NATIONAL IMPORT STATISTICS, REUTERS, BLOOMBERG, ME...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Libya Halves 2018 Budget Deficit But Remains Hostage To Oil And Conflict
...Libya recorded its highest revenues in five years in 2018 on the back of a leap in oil prices and six-year high oil output. But it is no closer to exiting its now eight-year ‘transition’ to normality: its destiny, as always, remains tied to oil. Libya entered its revolutionary year of 2011...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Eni Completes Middle East Tour De Force
...sin modeling and seismic sequence studies. An exploratory well will be drilled in 2011.” Clearly there is potential in Block 1, but it was insufficient for Oxy. Will Eni fare any better? BAHRAIN OIL & GAS BLOCKS SHARJAH 2018 BID ROUND OMAN ON THE RISE Oman ar...
Volume: 62Issue: 03Published at Fri, 18 Jan 2019 -
Libya Revenues At 5-Year High But Remain Unstable As Noc Eyes Gas Boost
...volutionary year of 2011. At a press conference in Benghazi on 6 January NOC chief Mustafa Sanalla said the country’s current output is 953,000 b/d, with a 2018 average figure of 1.107mn b/d. The latter figure, presuming that it is accurate, almost certainly includes NGLs. MEES estimates Libya’s 2018 cr...
Volume: 62Issue: 02Published at Fri, 11 Jan 2019 -
Egypt Delays Subsidy Reform With Economy On The Mend
...tbacks since the 2011 ouster of former President Husni Mubarak. Revenue has slowly picked up since the October 2015 downing of a Russian passenger jet over the Sinai Peninsula but it appears trouble is never far away. On 29 December a roadside bomb in Giza killed three Vietnamese tourists and their Eg...
Volume: 62Issue: 02Published at Fri, 11 Jan 2019 -
Algeria Set For 11th Straight Deficit In 2019
...dget anticipating a $17.4bn deficit. Algeria has run up cumulative budget deficits of over $100bn since 2009, with deficits recorded even in 2011-14 when oil prices were over $100/B. They have ballooned since as oil prices tanked (see charts 1 &2). 2017 was the closest Algeria has got to ba...
Volume: 62Issue: 02Published at Fri, 11 Jan 2019 -
East Med Gas Developments Gather Pace In 2019
...arby prospect will be drilled back-to-back. Despite hopes surrounding ongoing drilling, Cyprus’ key existing discovery, 2011’s 4.2tcf Aphrodite, has yet to move to development. 2019 could finally be the year, however, with the field’s partners, US firm Noble Energy, Shell and Israel’s Delek, in on...
Volume: 62Issue: 01Published at Fri, 04 Jan 2019 -
Saudi Asian Supplies Surged To Record High In November Amid Bumper Exports
...d well down on the 20.3% from ten years’ previous. Market share was 15.3% in November, however, holding out hope for Riyadh that 2019 could witness the first market share gain in China since 2011. One cloud on the horizon is the growing concern over a possible Chinese economic slowdown this ye...
Volume: 62Issue: 01Published at Fri, 04 Jan 2019 -
Iran Exports Slump To 5-Year Low
...PACITY). **BONDED STORAGE IN DALIAN, CHINA. ^^FRANCE, AUSTRIA INCLUDED IN 'OTHER EU' FOR 2011, 2012. SOURCE: NATIONAL IMPORT STATISTICS, REUTERS, BLOOMBERG, MEES....
Volume: 62Issue: 01Published at Fri, 04 Jan 2019 -
Syria Eyes Post-Conflict Gas Gains, But Bottlenecks Loom Large
...asts considerable hydropower, though its current status remains unclear (see table). Along with massive territorial losses, the flight of key staff, and chronic shortages of gas and liquid fuel feedstock, this led power output to collapse by almost two-thirds between 2011 and 2016 (see chart). Bu...
Volume: 62Issue: 01Published at Fri, 04 Jan 2019 -
Assad In From The Cold As GCC Countries Hit The Road To Damascus
...The United Arab Emirates reopened its embassy in Damascus on 27 December – the strongest signal yet that Syrian President Bashar al-Assad’s GCC rivals have resigned themselves to reestablishing relations with the long-maligned leader. The UAE closed its embassy in 2011 as it cut ties with Da...
Volume: 62Issue: 01Published at Fri, 04 Jan 2019