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ENEC Speaks with MEES About Abu Dhabi’s Game-Changing Barakah Nuclear Plant
...is is just the beginning for ENEC to deliver even more value for the UAE by supporting the global civil nuclear sector. 1: ABU DHABI’S EWEC GAS FEEDSTOCK REQUIREMENTS FALL 30% FROM THEIR 2017 PEAK DESPITE OVERALL GENERATION SOARING (TWh) 2: ABU DHABI ‘CLEAN’ POWER GENERATION (TW...
Volume: 68Issue: 42Published at Fri, 17 Oct 2025 -
Middle East Exporters Maintain Grip On Korea’s Shrinking Crude Oil Market
...*Middle East exporters continue to dominate Korea’s steadily dwindling crude oil market. Korean crude imports over the first nine months of the year are down 2% to 2.77mn b/d, while the Middle East’s share of the total remains steady at 72%. Korean imports peaked at 3.03mn b/d in 2017 and ha...
Volume: 68Issue: 42Published at Fri, 17 Oct 2025 -
QatarEnergy Expands Offshore Egypt, Partners Shell
...nsiderable acreage nearby. QatarEnergy has moved swiftly to develop a strong presence in Egypt’s upstream as bilateral relations thawed after the end of the 2017-2021 Qatar embargo (MEES, 23 June 2017). Relations are now at their warmest since the 2013 ousting of President Mohamed Morsi. More recently, Eg...
Volume: 68Issue: 41Published at Fri, 10 Oct 2025 -
Adnoc Subsidiaries To Distribute $43bn In Dividends By 2030
...pital through the listing of subsidiaries. The firm made a splash in 2017 when it listed 10% of its retail fuel subsidiary Adnoc Distribution on the Abu Dhabi Securities Exchange (ADX). After the $851mn initial public offering, the energy giant went on to list stakes in five other firms: Adnoc Drilling (20...
Volume: 68Issue: 41Published at Fri, 10 Oct 2025 -
Eni’s Egypt Receivables Down Markedly From Mid-2024 Peak
...PAYMENT PLAN HELPS REDUCE DUES BY 24% TO $992MN AT THE END OF JUNE *NO FIGURES PROVIDED BETWEEN 2017-2022. ORIGINAL NUMBER GIVEN IN EUROS, CONVERSION USES EXCHANGE RATE ON LAST DAY OF REPORTED PERIOD. SOURCE: ENI, MEES CALCULATIONS. 2: EGYPT NET OUTPUT: BOTH GAS AND OIL SLUMPED TO SEVEN-YE...
Volume: 68Issue: 41Published at Fri, 10 Oct 2025 -
Qatar Targets 380,000 B/D From Al Shaheen
...%, TotalEnergies 30%) since 2017. A multi-phase development plan kicked off in 2017 and has helped the firms revive the field’s fortunes. Production appears to be on course to rise above 300,000 b/d this year. Kpler data shows exports increasing by 12% so far this year, implying average output of mo...
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 -
Gulf NOCs Target Cuts To Upstream Emission Intensity
...stream output (CO2e/boe) which they aim to reduce to 17kg CO2e/boe by 2025 from a 2017 baseline of 23kg. The CO2e measure includes emissions of methane – a far more potent greenhouse gas, especially over the short term – at a conversion factor of 1kg methane = 29.8kg of CO2e. Gulf NOCs fall into two br...
Volume: 67Issue: 43Published at Fri, 25 Oct 2024 -
Tunisia: 200mw Solar Plan
...lls for proposals in the past have met with threadbare success. The first such ‘call for projects’ in 2017 saw four projects totaling 22MW built, including the country’s only 2023 start-up – 10MW at Meknassy – whilst the three subsequent rounds (2018, 2019, 2020) have resulted in a princely 6MW of ca...
Volume: 67Issue: 43Published at Fri, 25 Oct 2024 -
Cyprus’ Cronos Gas Find: Eni & Total At Odds Over Development Plan
...2017,” the government source tells MEES. “Maybe Total is unhappy that Cronos gas would go via Eni-operated facilities, potentially to an Eni-operated LNG export plant at Damietta, where it would have zero control over the gas,” the source speculates. Chevron had no such qualms when it fi...
Volume: 67Issue: 42Published at Fri, 18 Oct 2024 -
IEA Points To Lower Forever Oil Markets
...ve fallen to their lowest levels since at least 2017, it adds that “global refined product stocks have swelled to three-year highs, pressuring margins across key refining hubs.” IEA SUPPLY & DEMAND FORECASTS, OCTOBER 2024 (MN B/D) OPEC SUPPLY & DEMAND FORECASTS, OC...
Volume: 67Issue: 42Published at Fri, 18 Oct 2024 -
Egypt: Record Gas Deficit With Output At 7-Year Low
...*August saw Egypt post a new gas deficit (output minus consumption) record of 1.85bn cfd, surpassing the previous month’s record of 1.74bn cfd (MEES, 20 September). Gas output continues to slump, dropping to 4.58bn cfd, the lowest since March 2017 and down over 1bn cfd year on year according to...
Volume: 67Issue: 42Published at Fri, 18 Oct 2024 -
Iran Prepares For Israel Retaliation
...ound 130,000 b/d of condensate from Assaluyeh and Kangan further south in Bushehr province. Since their re-imposition in 2018, US sanctions have upended Iran’s customer base and sunk its oil exports from more than 2.5mn b/d in 2017 to less than 1mn b/d in 2019 and 2020, before steadily increasing to...
Volume: 67Issue: 41Published at Fri, 11 Oct 2024 -
Algeria Renewables: Set For Take-Off At Last?
...llowing six years, the majority off-grid rooftop solar, a figure which was smaller than the shrinking of Algeria’s hydropower capacity. As a result, the end-2023 renewables figure of 601MW was below 2017 levels (see chart). But the country has major renewables ambitions, targeting 15GW capacity by 20...
Volume: 67Issue: 41Published at Fri, 11 Oct 2024 -
Oman’s Divestments Fund Economic Diversification, Lift Credit Rating
...tch below investment grade. Moody’s last changed its outlook to positive on 29 August while keeping its rating at Ba1, while Fitch has yet to update its rating since it affirmed BB+ on 24 May. S&P was the first of the agencies to junk Oman back in 2017 (MEES, 24 November 2017), with Fitch and Moody’s on...
Volume: 67Issue: 41Published at Fri, 11 Oct 2024 -
Egypt Oil Products Import Bill Soars As Aged Refineries Shunned
...gust and 237,000 b/d for September. As for LNG, Q3’s LNG imports of 1.45mn tons (19 cargoes) were just shy of the all-time high volumes of 2016 and 2017 (MEES, 13 September). Based on pricing at premiums of around $1.50/mn BTU to the European TTF benchmark as per Egypt’s Q3 import awards (MEES, 28 Ju...
Volume: 67Issue: 40Published at Fri, 04 Oct 2024 -
DME Looks To Build On Momentum Into 2024
...utinely exported to China (see chart 1). Despite China’s dominance as an end-destination, trading on the exchange is conducted by a broad range of global participants. BACK TO THE FUTURE For DME Oman, the period 2017-18 was its heyday, during which all records for activity were set. Ho...
Volume: 66Issue: 43Published at Fri, 27 Oct 2023 -
Crescent Activates Iraq Contracts, Targets 250mn cfd In 18 Months
...wer Plant through a 24 inch pipeline.” The executive adds that supplying the 1GW gas-fired facility was agreed with state firm Midlands Oil Company, “with a focus on delivering much needed gas for power generation.” The 700MW plant built in 2017 houses four 180MW GE GT13E2 gas turbines, and was bu...
Volume: 66Issue: 42Published at Fri, 20 Oct 2023 -
Qatar Breaks Ground On Historic LNG Expansion Project
...eld. These figures stand to be turbocharged by the expansion project. The critical importance of Qatar’s LNG exports to the global economy was also pivotal in enabling the emirate to withstand the 2017-2021 embargo imposed by many of its neighbors. Saudi Arabia and the UAE could not realistically pu...
Volume: 66Issue: 40Published at Fri, 06 Oct 2023 -
Karish Start-Up Increases Israel Gas Competition
...mpany that was forced to sell a 50% stake in its Energean Israel operations to private equity firm Kerogen Capital for just $50mn in 2017 to help fund operations (MEES, 17 February 2017). ENERGEAN KEY ISRAEL OFFSHORE ACREAGE & ASSETS...
Volume: 65Issue: 43Published at Fri, 28 Oct 2022