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KPC Seeks IOC Investment As It Chases Down 4mn B/D Target
...wait and Saudi Arabia. The two subsidiaries are in the process of being merged as KPC seeks to streamline its operations (MEES, 26 July 2024). KOC capacity fell from 3.151mn b/d in 2017-18 to just 2.629mn b/d in 2020-21, before gradually edging up to its current levels. The firm hasn’t released ca...
Volume: 67Issue: 29Published at Fri, 18 Jul 2025 -
Kuwait Boosts Capacity At Key Fields
...abia. Kuwait’s oil sector is rebounding from a series of setbacks at the turn of the decade which saw KOC capacity slump from 3.15mn b/d at the end of the 2017-18 financial year in March 2018 to just 2.629mn b/d three years later. KOC capacity is supplemented by around 200,000 b/d from the PNZ – Ku...
Volume: 67Issue: 30Published at Fri, 26 Jul 2024 -
Korea Crude Imports: New UAE Record
...ril’s 570,000 b/d was a 21-year high on a monthly basis (MEES, 17 May). *Korea’s overall crude imports were up 1.5% at 2.82mn b/d for 1H 2024, putting 2024 on track for the highest annual figure since 2019, albeit some 210,000 b/d below the record annual figure of 3.03mn b/d set in 2017. South Ko...
Volume: 67Issue: 29Published at Sat, 20 Jul 2024 -
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 -
Iran’s New President Pezeshkian: Economy Top Of The Agenda
...at of neighboring countries. 2015’s JCPOA re-kindled foreign interest in Iran’s upstream (MEES, 6 January 2017). But reaching a new deal rests on the outcome of US presidential elections in November. The outlook is more favorable if President Joe Biden, or his replacement on the De...
Volume: 67Issue: 28Published at Fri, 12 Jul 2024 -
Egypt Gas Woes Continue As Output Slumps At BP’s Raven
...Egypt gas output is below 5bn cfd for the first time since early 2017. It’s not only top producer Zohr which is in decline, output at BP’s Raven, the country’s number two, has halved over the past 18 months. Egypt’s gas output figures go from bad to worse. Latest oil ministry data has pr...
Volume: 67Issue: 28Published at Fri, 12 Jul 2024