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UAE Nuclear Powergen Soars, As Saudi Seeks US Partnership
...5MW Bushehr-1 reactor in 2011, a decade after work on the plant had resumed in 2001 after being halted by the 1979 revolution (MEES, 7 September 2012). Bushehr-1 generates around 6TWh annually – around 15% of the UAE total (see chart) – but while Iran was a regional pioneer, plans for Russia’s Rosatom to...
Volume: 68Issue: 22Published at Fri, 30 May 2025 -
Can Iran’s Nuclear Power Program Offset Surging Consumption?
...ngthy delays, Bushehr-1 began supplying Iran’s grid in 2011, and typically supplies around 6TWh annually. Officials subsequently announced plans for two additional plants at Bushehr (bringing the total there to four), as part of a broader plan to generate 20GW from nuclear alone by 2030. 15 years on fr...
Volume: 68Issue: 21Published at Fri, 23 May 2025 -
Trump Offers Syria ‘Chance At Greatness,’ Pledges To Remove US Sanctions
...ther exit or restructure in the country. The harshest sanctions regime to date came with the outbreak of Syria’s civil war in 2011 when the US – this time joined by the European Union and the Arab League – targeted the Central Bank of Syria as well as its oil sector, which was a key source of re...
Volume: 68Issue: 20Published at Fri, 16 May 2025 -
Chevron Eyes Egypt Expansion As Israel Output Closes In On Record High
...evron’s unwillingness to consider potential synergies with Cyprus,” the source tells MEES. Chevron also gained Cyprus’ 3.5tcf Aphrodite field in the Noble transaction, but despite the field being discovered in 2011 it has yet to be developed. Aphrodite is located just 30km from Leviathan (see box). “Ch...
Volume: 68Issue: 19Published at Fri, 09 May 2025 -
Iraq: China’s Jereh Inks Mansuriya Contract
...pex is pegged at $992mn for the first three years of the contract. The signing is intended to turn a page on the long-delayed development of Mansuriya. Originally awarded in 2011 to a consortium led by Turkey’s TPAO, Baghdad relinquished the license after commercial terms disagreements following th...
Volume: 67Issue: 21Published at Fri, 24 May 2024 -
Kuwait’s Emir Suspends Parliament;Can He Quell Tumultuous Divisions?
...position figures, including former MPs who were involved in the 2011 storming of parliament, in addition to those jailed or stripped of citizenship for state-security and terrorism-related charges. On 10 May, he doubled down saying “those who were convicted of treason were set free…I will never allow this to...
Volume: 67Issue: 20Published at Fri, 17 May 2024 -
Egypt’s New Capital In Spotlight As Spending Priorities Shift
...oject. In 2011, millions of Egyptians occupied the streets of Cairo and its iconic Tahrir square, with mass marches reaching the presidential palace and eventually forcing then-president Hosni Mubarak to resign. With Sisi having taken power in 2013 following a period of Islamist-flavored quasi-democracy, hi...
Volume: 67Issue: 20Published at Fri, 17 May 2024 -
UAE-Oman Relations: Brotherly Love Or Sibling Rivalry?
...jor diplomatic spats have been few: the only high-level incidents in recent years are Oman’s claims to have broken up Emirati-backed spy rings in 2011 and in 2019; claims which Abu Dhabi denies. Where the countries have more often clashed is in their very different approaches to regional foreign po...
Volume: 67Issue: 20Published at Fri, 17 May 2024 -
Aphrodite On The Rocks? Cyprus’ First Gas Find Faces Uncertain Future
...ay hardball with the partners of the country’s first gas discovery, 3.5tcf Aphrodite, made back in 2011. On 30 April, Nicosia informed the field’s partners, Chevron (35%op), Shell (35%) and Israel’s NewMed (30%), that their latest proposed revisions the field’s 2019 development plan, submitted on 28 Ma...
Volume: 67Issue: 18Published at Fri, 03 May 2024 -
Kuwait Aims To Award Solar Project By Year End
...cilities at Shagaya. The outgoing minister previously headed up the facility from its inception in 2011. RENEWABLES: 30% BY 2030? Mr Hajraf told the WEF that “we just updated our strategy from a 15% renewables share by 2030 to 30% by 2030.” According to Kuwait’s definition, this entails re...
Volume: 67Issue: 18Published at Fri, 03 May 2024 -
Iraq Approves Mansuriya Gas Award
...riod. Mansuriya was originally awarded in 2011 to a consortium led by Turkey’s TPAO. Development was halted following attacks by the Islamic State across the province in 2014. Disagreement on commercial terms subsequently pushed Baghdad to take over the field in 2018 (MEES, 3 August 2018). Chinese state fi...
Volume: 67Issue: 18Published at Fri, 03 May 2024 -
Libya’s R Lanuf Back Online
...rolysis gasoline (MEES, 14 January 2008). Output capacity also includes 172,260 t/y of gas used to fuel the plant and 12,700 t/y of hydrogen which is used both for hydrogenation at the ethylene plant and at the polyethylene plant whose design capacity was 160,000 t/y before Libya’s 2011 revolution. “Wi...
Volume: 66Issue: 20Published at Fri, 19 May 2023 -
Cyprus’ Aphrodite: Chevron Spuds Crucial A3 Well
...Drilling has started at Cyprus’ 4.5tcf Aphrodite field. Will results from this second appraisal well finally see the field’s partners, led by US major Chevron, submit a development plan? To say that development has been slow at Cyprus’ 4.5tcf Aphrodite field, discovered in December 2011, wo...
Volume: 66Issue: 18Published at Fri, 05 May 2023 -
Libya Slides Into Deeper Disarray
...bya want free and fair elections. But they want it on their own terms. The problem is that if there’s winners then there must be losers. The biggest losers are Libyans themselves who have undergone three civil wars since 2011. While politicians and military figures squabble over power, public se...
Volume: 65Issue: 20Published at Fri, 20 May 2022 -
Libya Sees Smuggling Surge As Oil Prices Rise
...e illicit trade of products like gasoline and diesel. As international oil prices shoot through the roof, so have reports of attempted fuel smuggling. Some may get caught, but many groups remain seemingly untouchable. Libya’s fragmentation following the fall of Gaddafi in 2011 has led to a state do...
Volume: 65Issue: 20Published at Fri, 20 May 2022 -
SDX Eyes Egypt Gulf Of Suez Growth
...e partners to replace the rig that drilled the well, with results expected in the next three to four weeks. SDX’s other Egypt asset is a 55% operator’s stake at the 46mn cfd South Disouq concession in the onshore Nile Delta. The Gulf of Suez had long been Egypt’s key oil heartland but since 2011...
Volume: 65Issue: 20Published at Fri, 20 May 2022 -
Energean Touts Modest Israel Gas Find, Hopes For More To Come
...ich offer an easier route to development – possibly as a tie-back to Karish alongside the 2011, 0.9tcf Tanin discovery. The latest find “enhances the profitability of the Karish-Tanin development,” Energean says, flagging up the potential for both tie-back to the 8bcm/y (780mn cfd) Energean Power FP...
Volume: 65Issue: 19Published at Fri, 13 May 2022 -
Libya Set To Approve $20bn ‘Paper’ Budget
...ter the overthrow of long-time ruler Muammar Gaddafi in 2011. MEES estimates oil revenues rose to an eight-year high $30bn last year and may well top that this year as oil prices have pushed past $100/B (MEES, 28 January). The Bashagha camp’s latest moves are designed to radiate a sense of or...
Volume: 65Issue: 19Published at Fri, 13 May 2022 -
Majors’ Russia Exit Puts Spotlight On Mena Portfolios
...dergone four straight years of falls, with production down by almost a quarter on 2011’s 4.26mn cfd. Further decline is on the cards for this year with Exxon also losing its 10% stake in Qatargas-1, although this will be partially offset through full operations at Qatar’s 1.4bn cfd Barzan gas project wh...
Volume: 65Issue: 18Published at Fri, 06 May 2022 -
Energean & Vitol Eye Israel-Cyprus FLNG Tie-Up
...esumably the choice of Cyprus, rather than Israel, as a location for the FLNG is with the aim of securing supplies from one of the three discovered gas fields off the south of the island: Chevron’s 4.1tcf Aphrodite (2011 discovery), Eni’s 6-8tcf Calypso (2018), and US major ExxonMobil’s 2019 5-8tcf Glaucus di...
Volume: 65Issue: 18Published at Fri, 06 May 2022