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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 -
Sarsang Expansion Facility Starts Up
...r this year (see chart). The new facility will be the first significant new capacity addition since the Atrush field, where Shamaran is also present, came online in 2017. While the Genel-operated Sarta came online in late 2020, results have been disappointing (MEES, 13 May) and output averaged ju...
Volume: 65Issue: 43Published at Fri, 28 Oct 2022 -
Hayan Abdulghani Appointed Iraq’s Oil Minister
...tired in 2020. He was previously the chairman of Basrah Gas Company (BGC) and director general of South Gas Company (SGC). Mr Abdulghani was appointed director general of SGC in 2017, switching from his previous role as director general of Basrah Oil Company (BOC), which oversees Iraq’s largest oil fi...
Volume: 65Issue: 43Published at Fri, 28 Oct 2022 -
Europe Turns To Middle East For Replacement Gasoil Supplies
...rope’s imports from the region (including re-exports from Egypt’s Sidi Kerir) jumped by 131,000 b/d to 559,000 b/d in September. This is the highest figure in Kpler data stretching back to January 2017, topping the previous record of 541,000 b/d set in October 2021. But it is still far from su...
Volume: 65Issue: 42Published at Fri, 21 Oct 2022 -
Sabic: Jubail MEG Start-Up
...bsidiary. United (Sabic 75%, Public Pension Agency 15%, General Organization for Social Insurance 10%) awarded Korea’s Samsung Engineering a $700mn contract for construction of the 700,000 t/y MEG plant in December 2017 with completion initially scheduled for 2020 (MEES, 5 January 2018). The facility was fl...
Volume: 65Issue: 42Published at Fri, 21 Oct 2022 -
Egypt Taps Russian Oil, Israeli Gas To Keep LNG Exports Flowing
...wer plants in a bid to maximize gas available for LNG exports at record global spot prices (MEES, 23 September). Having been at just 20,000 b/d for much of 2020 and 2021, fuel oil burn is now running at the highest level since 2017 with August’s 119,000 b/d only marginally down on July’s four year mo...
Volume: 65Issue: 42Published at Fri, 21 Oct 2022 -
One Year After Elections, Iraq Finally Gets PM Nominee
...tober 2017). While Mr Sudani’s links to Mr Maliki may point to difficulties on the horizon, he has also served as Chairman of the Energy Committee of the Iraqi-Saudi Coordination Council. This could bode well for Iraq’s previous efforts to attract Saudi energy investment (MEES, 22 July). WHAT NE...
Volume: 65Issue: 41Published at Fri, 14 Oct 2022 -
Inpex Mulls Exit From Iraq’s Eridu
...ctor firm. The partners estimate the field has 7-12bn barrels of oil in place, of which more than 400mn is recoverable with estimated potential output of 250,000 b/d. Attempts to move the field to development have dragged since its discovery in February 2017, though the ministry confirmed late last ye...
Volume: 65Issue: 40Published at Fri, 07 Oct 2022