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Suez Canal Trade Hits Records But Trade War Threatens
...%) and 543,000 b/d gasoline (up 36%) head north through the canal (see charts 1 & 2). This puts both on track to smash annual records – for diesel last year’s 445,000 b/d was a record; for gasoline the record of 499,000 b/d dates back to 2011. Combined northbound products volumes, which only fi...
Volume: 61Issue: 43Published at Fri, 26 Oct 2018 -
Schlumberger Iraq Award
...lls the following year along with Halliburton who also won a 15 well contract in 2011. Both firms work on multiple fields in the oil rich Basra region....
Volume: 61Issue: 43Published at Fri, 26 Oct 2018 -
Qatar Petroleum To Replace Oxy At Key Offshore Field
...da as energy minister and QP chairman in 2011 (MEES, 21 February 2011) and has accelerated since Mr Kaabi’s appointment in September 2014 (MEES, 19 September 2014). When Total’s PSA for the 25,000 b/d Al-Khalij expired in 2014 the structure was replaced with a joint venture agreement (QP 60%, To...
Volume: 61Issue: 42Published at Fri, 19 Oct 2018 -
Syria: Gas Output At 75% Pre-War Levels, Oil Recovery Lags
...ll. In this way, the country’s modest yet domestically important oil and gas sector is increasingly crucial to Syria’s political landscape. Before 2011’s descent into chaos, hydrocarbons were a cornerstone of the Syrian economy. Oil production, though steadily on the decline from a record 61...
Volume: 61Issue: 42Published at Fri, 19 Oct 2018 -
Aramco Chinese Refinery MOU
...0,000 b/d refinery and associated petchems project in Zhejiang province together with Shell and PetroChina (MEES, 17 October 2011). But this project, at Taizhou, around 200km south of Zhoushan was canned in 2013....
Volume: 61Issue: 42Published at Fri, 19 Oct 2018 -
Qatar Drilling Tender Imminent
...rm expects to take final investment decision (FID) on its US Golden Pass LNG export terminal (QP 70%, ExxonMobil 17.6%, ConocoPhillips 12.4%) in the next few months. Initially opened as an import terminal in 2011, the US Shale Revolution forced a rethink and the partners plan to re-purpose Golden Pa...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018 -
Libya Looks To BP/Eni Deal To Unlock Upstream Investment
...oduction workers have almost all been Libyans. Violence surrounding Libya’s February 2011 uprising, which led to Qadhafi’s overthrow in October that year, prompted all IOCs to quit the country. Output rapidly rebounded in 2012, briefly hitting pre-war levels of 1.5mn b/d in early 2013. But a much to...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018 -
Gulf States Fund Allies
...Saudi Arabia, Kuwait and the UAE have pledged a $10bn financial aid package to support Bahrain’s fragile finances and finalized a $2.5bn financial assistance program to Jordan to shore up its ailing economy. Bahrain’s economy has struggled following protests in 2011 and the mid-2014 co...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018 -
Egypt Gas Hub Ambitions Gather Pace
...ter peaking at 6.22bn cfd in December 2011, gas output dwindled as demand increased, falling to a nine-year low 3.89bn cfd in May 2016. The 2011 revolution played its part in scaring off investors, but it was unfavorably low gas prices paid by the state, growing dues to IOCs which ballooned to $6.4bn at...
Volume: 61Issue: 40Published at Fri, 05 Oct 2018 -
Iraqi Government Formation Gathers Pace
...suffered a major stroke in December 2012. Mr Salih is not as formidable an operator as Mr Talabani – who passed away last year – but he is cut from the same cloth as his former mentor. He served as prime minister of the Kurdistan Region from 2009 to 2011. Mr Salih was put forward as a ca...
Volume: 61Issue: 40Published at Fri, 05 Oct 2018