Algeria Adds Power Capacity

...rea had previously indicated 2025 completion for the project (MEES, 7 January 2021). When awarded in 2014 the target for completion was 2017....

Audit For Libya’s Central Banks

...the Libyan financial system and creating the conditions for the eventual unification of the Central Bank of Libya (CBL),” says UNSMIL. Libya has effectively had two central banks since 2014 when a political crisis split the country into two rival eastern and western administrations. In the me...

Saudi Arabia Oil & Gas Rig Count*: Gas Drilling Slashed In June, Rigs Down 10 To 41, Lowest Since October 2014. Oil Rigs See Minimal Rebound, Up One To 54

Mauritania: Tullow Quitting

...bsequent finds (MEES, 5 July). Prior to Tortue, Mauritania’s key (albeit more modest) gas find was the 1.5tcf Banda field. However then-operator Tullow shelved development plans after oil prices crashed in late 2014 (MEES, 13 February 2015). The firm hasn’t looked forward in Mauritania since....

Egypt Misses Receivables Deadline Again

...uld fully eliminate receivables by end-June 2019 (MEES, 12 April). It is not the first time Egypt has missed a self-imposed deadline, with former oil minister Sharif Ismail stating in 2014 that Cairo would completely pay off IOCs by the end of 2016. Nonetheless, Egypt has made good progress in pa...

UEG Shuffles Kec Yemen Assets

...ergy said it completed the transaction “to sell entire shares of Kuwait Energy Yemen Limited for a cash considering of US$1.” Blocks 5 and 43 in Yemen produced a combined 4,720 b/d in 2013 and 4,460 b/d in 2014 but have been under force majeure since 2015. Kuwait Energy produced 28,000 b/d net in 20...