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Shell Greenlights Egypt Offshore Project
...me since 2017 and prolong the project’s lifespan (MEES, 18 July). MEES learns that Shell plans to drill the Mina West-2 appraisal well in Q1 next year to firm-up volumes with first gas potentially by the end of 2026. Operator Shell (60%) and partner, Kuwait state firm Kufpec (40%) had initially ap...
Volume: 68Issue: 30Published at Fri, 25 Jul 2025 -
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....
Volume: 67Issue: 28Published at Fri, 12 Jul 2024 -
Egypt Nuclear Plans Knocked Back
...ES, 15 December 2017). The $30bn project has been mainly funded via a $25bn loan from Russia itself. Repayment was due to begin by 2029 when operations at the plant were set to begin but inevitably that has now also been pushed back. Mr Adham says construction will not begin for another 12 mo...
Volume: 64Issue: 30Published at Fri, 30 Jul 2021 -
Saudi Arabia Caps Gasoline Prices Amid Rising Inflation
...s slashed fuel subsidies over the past five years, and the upshot has been that even before the pandemic, domestic consumption of diesel and gasoline had fallen below their peaks of 2015 and 2017 respectively. However, the government’s decision to triple VAT from July 2020 has resulted in a sh...
Volume: 64Issue: 29Published at Fri, 23 Jul 2021 -
Tunisian PM Resigns
...ly blocked the main oil pumping station at Kamour, threatening output losses from the south. The protestors say the government must live up to a 2017 agreement which promised investment and jobs in the region’s oil industry (MEES, 26 June). ...
Volume: 63Issue: 29Published at Fri, 17 Jul 2020 -
Oman Increases Power Subsidies
...artups of the Ibri IPP and Sohar-3 gas-fired powerplants (see MEES, 7 July) will increase the need for subsidy spending, presumably due to higher generation costs being passed onto the consumer. Oman has made a concerted effort to cut its electricity subsidies in recent years following the 2017 Cost Re...
Volume: 62Issue: 30Published at Fri, 26 Jul 2019 -
Eni: New Egypt Output
...ypt oil output is also up, from 72,000 b/d net for 2017 to 77,000 b/d in 2018. Egypt’s overall oil output averaged 640,000 b/d in the first five months of 2019, flat with 2018 levels. The Western Desert accounts for 55% of the total. But output here fell to 353,000 b/d in the first five months of 2019 fr...
Volume: 62Issue: 30Published at Fri, 26 Jul 2019 -
Fujairah Bunkering Stuggles
...opolitics as the UAE’s embargo on Qatar since July 2017 meant it could no longer service Qatari-flagged vessels. As well as to Singapore, Fujairah has been losing trade to its regional rival Sohar in Oman, where plans for LNG bunkering progressed this week (see p2). ...
Volume: 62Issue: 29Published at Fri, 19 Jul 2019 -
UAE Certifies Reactor Operators
...NR awarding Nawah a license to start-up the delayed Barakah-1 unit. This was scheduled for start-up in 2017 and is mechanically complete but awaiting the insertion of fuel rods for trial operations. Three similar plants are nearing completion. FANR cannot provide Nawah with an operating license un...
Volume: 62Issue: 28Published at Fri, 12 Jul 2019 -
DP World Buys Services Firm
...re Caspian Sea market but also in the Mena region and West Africa. DP World itself was the subject of the Gulf’s largest ever IPO, after the Dubai government floated 19.55% on the Dubai exchange in 2007. This raised $4.22bn to value the company at $21.58bn. Among the largest Gulf IPOs since are 2017...
Volume: 62Issue: 27Published at Fri, 05 Jul 2019