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Egypt: Condensate Output Record As Gas Slumps
...erall output here, and that of key producer Apache in particular, has been on the slide. 2020 output was the lowest since 2011 with production falling further to an 11-year low of just 282,000 b/d for February. However production has risen in each of the past two months – it was 290,000 b/d for April – wh...
Volume: 64Issue: 23Published at Fri, 11 Jun 2021 -
Libya’s NOC Plans Massive Upstream Opening
...drocarbons. With the dust barely settled from Libya’s third civil war since 2011 and last year’s devastating oil blockades (MEES, 25 September 2020), NOC is looking to kickstart a fresh wave of foreign investment to reach its ambitious goal of boosting output to 2.1mn b/d by 2025. There is room for op...
Volume: 64Issue: 23Published at Fri, 11 Jun 2021 -
Opec Production Rises To 12-Month High As Tapering Begins
...anted an exemption as it seeks to reverse the damage inflicted in the persistent conflicts since the ousting of Muammar Gaddafi in 2011. Libya plans to boost production further this year (see p4), but recent history has shown that major production outages are an ever-present risk. Meanwhile all eyes ar...
Volume: 64Issue: 23Published at Fri, 11 Jun 2021 -
Gulfsands Bullish On Syria Return As Key Russian Investor Consolidates Position
...0 B/D) *2020 TOTAL INCLUDES 1,100 BOE/D (6.6MN CFD) OF GAS. SOURCE: GULFSANDS, SYRIA REPORT, MEES. GULFSANDS BLOCK 26 IN SYRIA MODEST OUTLAY, MASSIVE UPSIDE With no ongoing income since declaring force majeure on its Syria assets in late 2011, Gulfsands is entirely re...
Volume: 64Issue: 23Published at Fri, 11 Jun 2021 -
Libya’s Oil Revenues Surge
...byan oil exports have similarly stayed at above 1mn b/d since November 2020, according to data intelligence firm Kpler. If such levels are sustained until the end of the 2021, Opec member Libya could be looking at its best performance since the collapse of the Gaddafi regime in 2011. While pr...
Volume: 64Issue: 22Published at Fri, 04 Jun 2021 -
Iraq Targets 22GW Peak Supply This Summer
...ant in north-east Baghdad awarded to the French company in 2011. ...
Volume: 64Issue: 22Published at Fri, 04 Jun 2021