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Israel’s Finance Ministry Seeks Chevron Tamar Ouster
...nin to Energean (MEES, 8 December 2017). Sources within the Tamar partnership believe the dispute will eventually be “resolved amicably” although it could drag out and could potentially impact Chevron’s decision to further invest in Israel. ISRAEL GAS EXPORTS (MN CFD): EGYPT TOOK 78% OF THE 20...
Volume: 68Issue: 13Published at Fri, 28 Mar 2025 -
Iran Signs Local Firms For $17bn, 90tcf South Pars Gas Recovery Boost
...at rapid development of Qatar’s portion of the field could result in migration of gas across the boundary. Qatar previously maintained a 12-year moratorium on further expansion of the field which only ended in 2017 following extensive reservoir studies to determine the optimal development rate. Mr...
Volume: 68Issue: 11Published at Fri, 14 Mar 2025 -
Baghdad & Kurdistan IOCs Exchange Blame As Northern Export Halt Enters Second Year
...C executive asserts that in January accounting firm Deloitte, which has audited Kurdistan’s independent pipeline exports since 2017, shared “all contractual commercial terms that they [the Baghdad oil ministry] requested without violating the NDA [non-disclosure agreement] of contractual co...
Volume: 67Issue: 13Published at Fri, 29 Mar 2024 -
Iraq-KRG Oil Talks Resume But Wide Differences Remain
...oup, the firm gave up a 60% stake in June 2017 to Russian state-firm Rosneft (MEES, 16 June 2017) which brought capacity to the current 950,000 b/d. Although typically only around half of this is being utilised (see chart). Moving ownership from Kar and Rosneft to INOC in the future would be pr...
Volume: 66Issue: 09Published at Fri, 03 Mar 2023 -
Marib Conflict Threatens Yemen’s Struggling Oil Sector
...llapsed to just 14,000 b/d in 2016. Green shoots then began to emerge, first in the eastern Masila Basin where state firm PetroMasila restarted oil production in 2016 (MEES, 15 September 2017). PetroMasila produces 40,000-50,000 b/d from Blocks 10 & 14, of which some 34,000 b/d was exported last year. Oi...
Volume: 64Issue: 12Published at Fri, 26 Mar 2021 -
Ex-Sonatrach CEO Held In Dubai Amid Refinery Probe
...rest warrant “against the main accused” in the ongoing corruption case surrounding Sonatrach’s December 2018 purchase of Italy’s 200,000 b/d Augusta refinery (MEES, 11 May 2018). “The main accused” was widely believed to be Ould Kaddour, who was Sonatrach CEO from 3 April 2017 to 23 April 2019 and le...
Volume: 64Issue: 12Published at Fri, 26 Mar 2021 -
Houthis Step Up Siege On Aramco Energy Infrastructure
...rt of a regional tour, during which he met with Saudi Foreign Minister Prince Faisal bin Farhan. During the talks, Prince Faisal said that Riyadh will take “necessary deterrent measures to protect its national resources,” hinting that the kingdom could pursue its plans from 2017 to purchase Russian S-...
Volume: 64Issue: 10Published at Fri, 12 Mar 2021 -
Repsol & Shell Leave Morocco; Repsol Quits Iraqi Kurdistan
...as Covid hit) fuel Morocco’s two gas-fired power plants (MEES, 5 June 2020). The exit of Repsol and Shell leaves the only sizable players in Morocco as Eni, which has the shallow water Tarfaya permit off the south of the country (MEES, 22 December 2017), and ConocoPhillips which signed up for th...
Volume: 64Issue: 09Published at Fri, 05 Mar 2021 -
Saudi Renewables: Seconds Out For Round Three As Heavyweights Enter The Ring
...ase two and 800MW phase three, were awarded to Acwa and TSK and to Masdar and EDF, respectively. Phase two started up in 2017 while two phases with 500MW combined have been started up at phase three and the third is due online in April (MEES, 11 October 2019). The three Saudi firms in the key bi...
Volume: 63Issue: 13Published at Fri, 27 Mar 2020 -
Iran Boosts Uranium Upgrading As Domestic Problems Mount
...er 20mn t/y exported. This has likely fallen sharply since the US targeted major producer and exporter PGPIC (MEES, 14 June 2019). Crude and condensate exports averaged a record 2.66mn b/d in 2017 and hit 2.8mn b/d as recently as mid-2018 before collapsing later in the year with the imposition of US sa...
Volume: 63Issue: 11Published at Fri, 13 Mar 2020 -
Israeli-Arab Relations Under The Spotlight As Leviathan Start-Up Nears
...bassy in Amman shot and killed two Jordanians in 2017 saw Israel’s embassy close for six months (MEES, 19 January 2018). And US President Trump’s recognition of Jerusalem as Israel’s capital in late 2017 made matters even worse. Israel’s poor handling of security at Al Aqsa mosque, of which Jordan is te...
Volume: 62Issue: 13Published at Fri, 29 Mar 2019 -
Senior UAE Official Calls For Israeli Dialogue
...iticism of “subversive Qatari politics and support for extremism and terrorist organizations” in the wake of the June 2017 GCC rift (MEES, 9 June 2017). His views on the UAE’s neighbor haven’t softened over the past two years....
Volume: 62Issue: 13Published at Fri, 29 Mar 2019 -
Lebanon Power Overhaul Gathers Pace
...ill needs to approve the law. FSRUs would then be needed to supply gas to the grid. The energy ministry in 2017 called for expressions of interest to supply LNG via three planned FSRUs (one at Deir Ammar, one at Selaata and one at Zahrani). Eight prequalified firms reportedly submitted proposals la...
Volume: 62Issue: 11Published at Fri, 15 Mar 2019 -
Can Iraqi Kurdistan’s Bickering Factions Grasp Key Opportunities?
...ferendum in September 2017 which saw longstanding KRG president Masoud Barzani (KDP) resign – he still plays a major role behind the scenes – and Federal Iraqi forces retake large swaths of territory including key oil fields in Kirkuk (MEES, 10 November 2017). The crisis further eroded relations with Ba...
Volume: 62Issue: 10Published at Fri, 08 Mar 2019 -
Iran Looks To Europe As Trump Fears Threaten Embattled Economy
...eks, have exacerbated concerns over Iran’s economic outlook. The economy was already struggling, with latest figures from the CBI for the first 10 months of the 2017-18 Iranian year (ie March 2017-January 2018) implying that Iran was on course to run a $12.2bn deficit. This is up a huge 27% on the pr...
Volume: 61Issue: 13Published at Fri, 30 Mar 2018 -
US Imposes Oil Restrictions On South Sudan
...geria’s Oranto Petroleum. Oranto signed a concession agreement for Block B3 in March 2017 in which it pledged to invest $500mn in exploration work (MEES, 5 May 2017). Also placed under licensing restrictions is Russia’s downstream oil contractor Safinat, contracted prior to the onset of war to build a 7,...
Volume: 61Issue: 13Published at Fri, 30 Mar 2018 -
Qatar & Sudan Deepen Ties
...lationship following Qatar’s mediation role in the Darfur conflict, which resulted in the 2011 Doha Document for Peace in Darfur. And Qatar is in need of friends having faced a regional embargo since June 2017. The main players in the Qatar dispute are Saudi Arabia, the UAE, Bahrain and Egypt. Khartoum ha...
Volume: 61Issue: 13Published at Fri, 30 Mar 2018 -
IOCs Advance In KRG, Cautiously
...tentially paves the way for expedited stand-alone development of the field’s 37mn barrels (2C) oil reserves. Oil reserves are modest, but additional production would be warmly welcomed by the KRG in the wake of last October’s loss of 280,000 b/d Kirkuk output (MEES, 20 October 2017). Especially given th...
Volume: 61Issue: 12Published at Fri, 23 Mar 2018 -
Dana Egypt: No Cash, No Work
...$228mn from $265mn a year earlier. But all of this fall, and then some, was achieved in the first half of 2017 – the figure stood at $189mn as of June 2017, a seven-year low. For the second half of the year “payments from Egypt were sporadic and disappointing,” Dana CEO Patrick Allman-Ward sa...
Volume: 61Issue: 12Published at Fri, 23 Mar 2018 -
Sudan’s Upstream Oil & Energy Sector: Investors Sought But IOCs Remain Cautious
...ump lifted key sanctions in October (MEES, 13 October 2017). Speaking at Abu Dhabi’s Adipec conference in November, he said the ministry is keen to collaborate with international firms to develop the country’s energy resources. “Sudan has energy requirements,” said Mr Osman. “We are looking at able pa...
Volume: 61Issue: 11Published at Fri, 16 Mar 2018