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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