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Rising Gulf Tensions Cast Spotlight Back On Iran’s Nuclear Capabilities
...wever, are uranium upgrading plants at Natanz and Fordow (see table). Bushehr-1 was started up in 2011 after a much-delayed gestation and suffered teething problems before commercial operation was declared in September 2013 (MEES, 10 October 2014). Russia’s Atomstroyexport provides uranium enriched to...
Volume: 62Issue: 25Published at Fri, 21 Jun 2019 -
Libya Fights To Keep The Lights On
...State power firm Gecol is fighting to stop blackouts amid a destructive battle for Tripoli. Libya’s national power company Gecol has struggled to keep the lights on since the 2011 ‘revolution’ which toppled long-time leader Muammar Gaddafi. Years of war, lawlessness and instability have cr...
Volume: 62Issue: 25Published at Fri, 21 Jun 2019 -
Libyan Fertilizer Plant Set To Restart
...e marketing of urea and ammonia from Yara with “factory operations expected to restart shortly.” Business for Lifeco hasn’t been great. The JV (50% Yara, 25% NOC, 25% Libyan Investment Authority) has made a loss each year since 2011, a cumulative $570mn to 2018. Yara in 2015 wrote down $112mn an...
Volume: 62Issue: 25Published at Fri, 21 Jun 2019 -
Libya’s Oil Sector Feels The Strain
...oke out “due to the high temperature experienced in an electric generator” at compound 1 of the Sarir field in the Sirte basin, resulting in a production loss of around 30,000 b/d. Sarir has experienced persistent outages due to power problems since the 2011 ‘revolution’. NOC said the day before th...
Volume: 62Issue: 24Published at Fri, 14 Jun 2019 -
Libya: Set For A Gas Boost In 2019?
...able than that of oil since the 2011 revolution, in some ways the picture has reversed over the past 18 months or so. Crude output steadily rose to reach 990,000 b/d in 2018 – and a six-year high of 1.26mn b/d in March – whilst gas production fell to 1.34bn cfd, down 25% from 2013’s record 1.79bn cfd ac...
Volume: 62Issue: 23Published at Fri, 07 Jun 2019 -
Dubai’s Dragon Roars In To Egypt With BP Purchase
...timated $500mn for BP’s Gupco subsidiary, which manages the firm’s 12 concessions containing 45 fields in Egypt’s mature Gulf of Suez oil province. Output was 71,000 b/d for 2017-18, 11% of Egypt overall output, down from 72,500 b/d for 2016-17 and 78,000 b/d for 2011-12. Net output to BP is around 40...
Volume: 62Issue: 23Published at Fri, 07 Jun 2019 -
Cyprus: Aphrodite Contract Agreed, 2020 FID?
...Cyprus looks to be finally on the path to the realm of gas producers. Nicosia has agreed to sweeten terms in return for a guarantee from Noble, Delek and Shell to develop the 2011 Aphrodite discovery. The Cyprus government and the partners at the country’s 4.2tcf Aphrodite gas field have ag...
Volume: 62Issue: 23Published at Fri, 07 Jun 2019