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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 -
Power Surge: Saudi Arabia’s Electricity Demand Soars To New Heights
...vernment statistics, including strong gains of 7.3% growth in transportation and 7% in hospitality. Last year’s 5% rise in power consumption was the highest annual growth figure since 2017, while the surge in peak demand from 65.3GW to 70.6GW was the biggest annual increase since 2015 (see ch...
Volume: 67Issue: 12Published at Fri, 22 Mar 2024 -
Egypt Drilling: Orion Flops As Shell Kicks Off Six-Well WDDM Campaign
...hr’s December 2017 start-up, Cairo is pushing Chevron to fast-track development at Nargis in a bid to engineer a rebound (MEES, 19 January). But with Chevron yet to file a development plan, first gas here is unlikely before 2026. As such any near-term gains to Egypt’s overall output will be reliant on cu...
Volume: 67Issue: 11Published at Fri, 15 Mar 2024 -
Iran Awards Key $20bn South Pars Gas Contracts
...ded in 2017 following extensive reservoir studies to determine the optimal development rate. Iranian media has frequently carried concerns that rapid development of Qatar’s portion of the field could result in migration of gas across the boundary. Iran’s planned program is intended to reverse fa...
Volume: 67Issue: 11Published at Fri, 15 Mar 2024 -
Kuwait’s Pivot To Products Exports Yields Revenue Boost
...2024, that would be the lowest level since 2003. Meanwhile refined products exports have averaged around 850,000 b/d so far this year, putting Kuwait on track to smash 2012’s record 805,000 b/d. Crucially, having shuttered the aging Shuaiba refinery in 2017 and completed the $15.6bn Clean Fu...
Volume: 67Issue: 11Published at Fri, 15 Mar 2024 -
Kuwait Eyes 110kbd At Bahra
...23-24 financial year on 31 March. However, current output is much more modest at 45,000 b/d, perhaps due to Opec+ output constraints (see p10). Bahra, where Kuwait’s first oil well was drilled in 1936, is a mature field producing mainly from the Mauddud formation. Halliburton was brought in 2017 to...
Volume: 67Issue: 10Published at Fri, 08 Mar 2024 -
Qatar Sees Buoyant LNG Demand Outlook As It Sanctions Further Expansion
...ture LNG demand define Qatar’s approach to its expansion plans. Speaking to MEES back in 2017, Mr Kaabi justified going “full steam ahead” with LNG because “we believe so much in the demand potential for gas…This is the cleanest fossil fuel available for mankind. It is going to remain for a very long ti...
Volume: 67Issue: 09Published at Fri, 01 Mar 2024 -
Egypt Eyes More Gulf Cash After $35bn Lifeline UAE Mega-Deal
...ed for cash, this could prove politically sensitive given that Ras Gamila lies directly across from the uninhabited Red Sea islands of Tiran and Sanafir, which Egypt handed over to Saudi Arabia in 2017. The unpopular move was considered by many at the time as ceding sovereignty to Riyadh (MEES, 4 Au...
Volume: 67Issue: 09Published at Fri, 01 Mar 2024