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Lebanon Approves Cyprus Maritime Border, Syria Next
...11, but Syria – not a signatory to the United Nations Convention on the Law of the Sea (UNCLOS) – rejected this in 2014. Since the end of its civil war in 1990, Lebanon has oscillated between Iran-Syria and western influence. But with Hezbollah out of government in Lebanon and Syria now moving to...
Volume: 68Issue: 44Published at Fri, 31 Oct 2025 -
Lukoil to Sell International Assets to Gunvor
...taining permission from the US Treasury’s Office of Foreign Assets Contral (Ofac), says Lukoil. Gunvor was founded in 2000 and has previously had to deny links to the Kremlin. In 2014, Russian co-founder Gennady Timchenko sold his 43% stake to his Swedish co-founder and Gunvor CEO Torbjörn Törnqvist ju...
Volume: 68Issue: 44Published at Fri, 31 Oct 2025 -
Iraq Hopes Major Interest Will Spur Capacity Growth
...strictions. Since 2014, Iraq has announced numerous capacity targets, but most have failed to materialize. Officials this year signaled plans to increase capacity to 6-7mn b/d by the end of the decade. This would keep Iraq ahead of the UAE as Opec’s second largest producer, though the UAE could overtake it as it...
Volume: 68Issue: 43Published at Fri, 24 Oct 2025 -
Libya Exploration Picks up as Sonatrach Resumes Drilling After 10 Years
...p). The firm this month resumed exploration activity at well 1A-96/2 in Areas 95-96, where Sonatrach had made several gas discoveries in 2013 (MEES, 13 September 2013). Sonatrach began drilling at well 1A-96/2 in April 2014, reaching a depth of 8,090 feet (2,465 meters), only to halt operations an...
Volume: 68Issue: 43Published at Fri, 24 Oct 2025 -
Egypt Posts First Gas Output Rise In Three Years
...d-2023, though still well shy of the record 921mn cfd posted in 1Q 2014. EGYPT GAS OUTPUT (BN CFD): Q3 OUTPUT REBOUNDS TO 4.20BN CFD FOLLOWING SUCCESSFUL DEVELOPMENT DRILLING. CAN IT BE SUSTAINED? *INCLUDES OFFSHORE, ‘EASTERN DESERT’ (GOS WEST BANK) & SINAI (E BANK). SOURCE: EGYPT PETROLEUM MI...
Volume: 68Issue: 42Published at Fri, 17 Oct 2025 -
PDO Oil Output Rises To 70% Of Oman’s Total
...chniques (EOR) across its portfolio. Back in 2014, 66% of its oil production came from primary production techniques, but that balance has now flipped, with PDO expecting that 64% of its production this year will rely on water injection and EOR. OTHER OUTPUT SLUMPS PDO has managed to in...
Volume: 68Issue: 41Published at Fri, 10 Oct 2025 -
Algeria To Launch New Bid Round In Early-2026 Amid Shale Gas Push
...ploration in the Algerian Sahara in 2014 and 2015, amid environmental concerns, with violent clashes breaking out between protesters and police forces (MEES, 6 March 2015). A 2014 bid round featuring a number of shale-plays failed to garner interest, with no contracts awarded for any of the shale blocks of...
Volume: 68Issue: 40Published at Fri, 03 Oct 2025 -
Qatar Targets 380,000 B/D From Al Shaheen
...s contract for the field in 2022, but output has dropped from 7,700 b/d in 2015 to 1,800 b/d in 2023. The only one of these fields on a growth trajectory of late is Al Khalij, which was awarded to TotalEnergies in 2014 (MEES, 20 March 2015). Output dropped from 23,600 b/d that year to just 10...
Volume: 68Issue: 40Published at Fri, 03 Oct 2025 -
Saudi Arabia Doubles Deficit Forecast For 2025
...reseeable future, but strong economic growth in recent years means that as a share of GDP, the deficits are expected to be considerably less than over the 2014-2020 period. By way of comparison, this year’s forecast $65.3bn deficit is comparable with 2017’s $63.6bn figure. But while the 2017 deficit was eq...
Volume: 68Issue: 40Published at Fri, 03 Oct 2025 -
Algeria Launches ‘Bid Round 2024’: Still Plenty Of Unanswered Questions
...geria. The acreage looks impressive, and with majors and other IOCs already beating a path to Algiers, the country will surely do better than its previous flopped bid round way back in 2014 (MEES, 3 October 2014). However, interested parties will still have plenty of questions as to what exactly is be...
Volume: 67Issue: 42Published at Fri, 18 Oct 2024 -
Tunisia’s Presidential Election: Strongman Saied Set For Re-election
...tober, observers say President Kais Saied is poised for re-election, with most of his critics and other candidates behind bars. Tunisia, which has long prided itself as the birthplace of the Arab Spring, was briefly touted as the only successful democracy in the region (MEES, 24 October 2014). But th...
Volume: 67Issue: 40Published at Fri, 04 Oct 2024 -
Saudi Arabia Revises Down Mid-Term Revenue Expectations
...ands at $96.20/B, with speculation that this means the kingdom needs to target an oil price of around $100/B (MEES, 27 September). What this ignores is that Saudi Arabia has only achieved a surplus once since 2014 – during 2022 when Russia’s invasion of Ukraine disrupted oil markets (see chart 1) – and ye...
Volume: 67Issue: 40Published at Fri, 04 Oct 2024 -
Egyptians Wary Rushed Elections Spell Tougher Times Ahead
...e National Elections Authority (NEA) is set to announce the results of the first – and likely only – round on 18 December, but Sisi is already widely expected to win, with virtually no real competition (MEES, 19 April 2019). The 68-year-old former general won both the 2014 and 2018 elections wi...
Volume: 66Issue: 43Published at Fri, 27 Oct 2023 -
Korea Crude Imports: Saudi Dominant With Mideast Share At 5-Year High
...pplier spot behind the USA (down 1% at 336,000 b/d). This puts the UAE on track for the highest annual figure since 2014’s 299,000 b/d. *Number five Iraq was up fractionally at 251,000 b/d for 9M 2023. The other big gainer was Qatar, up 56% at 215,000 b/d, albeit versus 2022’s 20-year lo...
Volume: 66Issue: 42Published at Fri, 20 Oct 2023 -
Libya: Equinor Offshore Mou
...0,000 b/d capacity, with Equinor netting a princely 6,600 b/d. Mabruk has a nominal 30,000 b/d capacity but has been shut in since IS-affiliated militants overran the facilities in 2014 though Total says it is hopeful of a restart before the end of 2023 (MEES, 31 March). LIBYA: OFFSHORE OIL & GAS ASSETS...
Volume: 66Issue: 42Published at Fri, 20 Oct 2023 -
Kuwait & Saudi Target Dorra Gas Start-Up By 2029
...ich all volumes would be piped onshore for processing is in line with the plan previously-favored by Saudi Arabia. Under these plans all gas was to be piped onshore to Ras al-Khafji, with Kuwait’s share then piped up the coast to its facilities (MEES, 4 July 2014). Failure to agree on a development pl...
Volume: 66Issue: 41Published at Fri, 13 Oct 2023 -
Shell Discovery Offers Hope As Egypt Gas Output Slide Continues
...August) has yet to result in a substantial output hike. The region’s output was flat month on month at 285,000 b/d for August despite rig count figures showing that drilling in the Western Desert is at the highest level since December 2014 (see chart 2). In addition to Apache, which says its ou...
Volume: 66Issue: 41Published at Fri, 13 Oct 2023 -
Israel Halts Tamar & EMG Flows As Fight With Hamas Continues
...wer in 2014, the pipeline has remained intact. REVERBERATING RAMIFICATIONS The ongoing war is also likely to impact future energy-related decisions, not only related to Israel but also Lebanon, as well Gaza itself: development of its 1tcf Gaza Marine field is sure to be kicked into the long gr...
Volume: 66Issue: 41Published at Fri, 13 Oct 2023 -
Hopes For Libyan Unity Fade In Wake Of Flooding Disaster
...untry’s east since 2014 (MEES, 22 May 2020), the flooding disaster has offered an opportunity to leverage the new state of emergency to empower his sons and support their political ambitions, further strengthening the Haftar family’s grip on eastern Libya. The ailing 79-year-old patriarch, who an...
Volume: 66Issue: 41Published at Fri, 13 Oct 2023 -
BP/Adnoc Deal For Israel’s NewMed Under Threat
...inked in 2014 between Woodside and NewMed (Delek Drilling at the time) for a 25% of Leviathan fell apart just hours before it was due to be inked due to reported clashes between the Australian firm’s hierarchy and Mr Tshuva (MEES, 23 May 2014). BP and Adnoc will not be expecting to take full co...
Volume: 66Issue: 40Published at Fri, 06 Oct 2023