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Aramco Supplies US With Carbon-Offset Crude
...ble). The emissions were derived from a baseline assessment of operations between October 2022 and September 2023. The process was independently verified by London-headquartered LRQA. Aramco says that the offsetting is in accordance with PAS 2060:2014, which states that offsets compensate for gr...
Volume: 67Issue: 22Published at Fri, 31 May 2024 -
Iran Mourns Raisi & Abdollahian As Succession Speculation Mounts
...preme Leader, only the second in the Islamic Republic’s history after its founder Ayatollah Ruhollah Khomeini (1979-89) is rumored to be ill. He was treated for cancer in 2014. In recent years, he has grown weary of what he and others see as Western plans for regime change, increasingly throwing his we...
Volume: 67Issue: 21Published at Fri, 24 May 2024 -
Iraq: China’s Jereh Inks Mansuriya Contract
...e firm’s exit amidst the Islamic State’s rise in 2014. A subsequent award to Sinopec in 2021 also failed over similar disagreements. The contract comes as Chinese firms are further expanding their footprint in the country (see p2). ...
Volume: 67Issue: 21Published at Fri, 24 May 2024 -
Iraq Bidding: Chinese Firms Dominate
...gion’s rebounding oil output (see p5). In the upstream, it operates the Kurdish-controlled Khurmala dome portion of the giant Kirkuk oilfield and between 2014 and 2017 it controversially operated the field’s Avana Dome, and the nearby Bai Hasan field after Kurdish forces moved in claiming to secure th...
Volume: 67Issue: 20Published at Fri, 17 May 2024 -
Kuwait’s Emir Suspends Parliament;Can He Quell Tumultuous Divisions?
...ss a crucial debt law since 2017 due to opposition by MPs, these onerous spending commitments saw Kuwait rack up some $108bn in cumulative deficits over 2014-2022 (see chart 2). A 2024-2027 government program published earlier this year envisages a further surging of deficits to a colossal total of KD...
Volume: 67Issue: 20Published at Fri, 17 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