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Egypt Renewables Plans Pick Up Pace
...lar park in southern Egypt in 2017 (MEES, 1 November 2019). And wind capacity is set to surge ahead of solar in the coming years with 2.1GW of planned capacity at various stages of development, with just 700MW of solar planned. SHIFTING FOCUS Cairo has shifted from prioritizing co...
Volume: 65Issue: 21Published at Fri, 27 May 2022 -
Mauritania Gas Development Gets European Supply Crunch Boost, But Exploration Canned
...e north is set to be relinquished on the expiry of its current exploration period at the end of next month. At least BP drilled an exploration well on C-12, 2017’s Lamantin-1 which unsuccessfully targeted oil. This is more than ExxonMobil did on its three ultra-deepwater blocks – C-14, C-17 an...
Volume: 65Issue: 20Published at Fri, 20 May 2022 -
Libya Sees Smuggling Surge As Oil Prices Rise
...werbrokers. Naturally, the practice puts a huge strain on state coffers and means Libya is effectively paying hundreds of millions each year to smugglers to enrich themselves. Between 2017 and 2021 Libya spent almost $14bn on fuel subsidies according to figures from the central bank (see chart 2). A su...
Volume: 65Issue: 20Published at Fri, 20 May 2022 -
Saudi Arabia Surges To $15bn Q1 Surplus
...INS Total revenues in the first quarter amounted to $74.1bn, the highest quarterly figure in ministry data stretching back to 1Q 2017. Within this, oil amounted to $49bn (66%), the highest figure since 3Q 2018’s $49.1bn (see chart 2), as Brent crude averaged $98/B for the quarter. With oil prices co...
Volume: 65Issue: 20Published at Fri, 20 May 2022 -
Iraq Crude Exports Push Against Capacity Constraints
...ins only in 2023 and 2025. The first gains are slated to come through the much-delayed Sealine 3 pipeline which is planned to add 600,000 b/d by connecting to ABOT, the non-operational SPM4 and the 600,000 b/d Khor al-Amaya (KAAOT) terminal which has been offline since 2017 due to pipeline leaks. Mr...
Volume: 65Issue: 18Published at Fri, 06 May 2022 -
Oman Oil Output At Near-Record Highs As India Shipments Surge
...similarly low volumes in April. With Chinese spot crude buying having dropped off significantly over the last couple of months as Covid restrictions crimp demand, India has stepped up to fill the gap. Shipments to India doubled to 220,000 b/d in March, the highest figure since October 2017 th...
Volume: 65Issue: 18Published at Fri, 06 May 2022 -
Majors’ Russia Exit Puts Spotlight On Mena Portfolios
...to Iran’s South Pars gas project in 2017 was cut short by the return of US sanctions the following year (MEES, 23 November 2018). While it was prevented by the Algerian government from buying Occidental’s ex-Anadarko assets in 2020 (MEES, 8 May 2020), at least the firm managed to complete its co...
Volume: 65Issue: 18Published at Fri, 06 May 2022 -
Energean Karish FPSO Sets Sail, Adds Gas Sales Deal
...pply 0.8bcm/y (77mn cfd) to the newly privatized 700MW East Hagit Power Plant in northern Israel (MEES, 21 January). It is the second GSPA that Energean has signed with lead partner Edeltech, following an October 2017 deal to supply 2.5bcm of gas over 14 years (see table). Energean flags up that th...
Volume: 65Issue: 18Published at Fri, 06 May 2022 -
Iraqi Kurdistan’s Energy Sector Under Attack
...vancing Islamic State and Kurdish fighters filled the vacuum, saw it banned by NOC following the federal government’s re-taking of the fields in 2017. Kar’s proposal to take over two power plants in Basra last year was denounced by MPs (MEES, 12 February 2021) who labeled it as a sell-off of “state as...
Volume: 65Issue: 18Published at Fri, 06 May 2022 -
UAE’S First Waste-To-Energy Plant Begins Testing
...become the Middle East’s first zero-waste city.” The plant, developed by Abu Dhabi state utility Adpower, incorporates moving grate technology to process and burn waste to drive a steam turbine generator set EWEC is led by Abu Dhabi state renewables firm Masdar and was formed in 2017 with the go...
Volume: 65Issue: 18Published at Fri, 06 May 2022