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Kuwait Crude Oil Capacity Rises To 14-Year High
...ES, 18 July). Having achieved this mark, capacity now stands at its highest level since 2011’s 3.26mn b/d. It has increased by a substantial 470,000 b/d since its low-water mark of 2.73mn b/d in 2021 thanks to a combination of KOC gains and gradual increases from the PNZ following its restart in 20...
Volume: 68Issue: 39Published at Fri, 26 Sep 2025 -
Egypt Water Security Concerns Rise As Ethiopia Inaugurates Nile Dam
...hiopia began work on the $5bn megaproject in 2011. It hopes that the 5.15GW hydroelectric dam will supply power to the 65 million (over 50% of the population) who currently lack access to any form of electricity. It will double the country’s electricity generation capacity and turn Ethiopia into Africa’s la...
Volume: 68Issue: 37Published at Fri, 12 Sep 2025 -
Cyprus, Egypt Discuss LNG Exports From 2027
...prus and Exxon in April in Houston touched on development options for the US firm’s discoveries utilizing potential “synergies with companies that operate neighboring fields” (MEES, 18 April). In stark contrast to Cronos, Aphrodite was discovered nearly 14 years ago in December 2011, but following nu...
Volume: 68Issue: 37Published at Fri, 12 Sep 2025 -
Eni & BP Set To Kick Off Libya Exploration Drilling Campaign
...Tony Blair (MEES, 4 June 2007). BP pledged to invest $900mn drilling 17 wells. Following several false starts, it was about to drill its first well in February 2011 when the revolution that saw the ouster of Gaddafi kicked off. Though the UK major did dust off plans in 2012 amid a brief period of...
Volume: 67Issue: 39Published at Fri, 27 Sep 2024 -
Saudi Aramco Starts Marketing Crude For Bahrain
...mand began to exit its Covid-induced slump (see p15 for full data). Indeed, excluding 2020 and 2021’s ‘Covid’ nadir, Saudi crude output, which fell again to 8.97mn b/d for August according to MEES estimates (MEES, 8 September), is running at the lowest level since early 2011, whilst crude exports of...
Volume: 66Issue: 38Published at Fri, 22 Sep 2023 -
Turkey Claims Iraq Owes Nearly $1bn In Net Arbitration Damages
...accrue further interest until payment, or amicable resolution. Turkey’s claim is that “Iraq’s damages date from 2014 to 2018 – a period of relatively low [Turkish] bond yields,” and therefore “far more interest has accrued on Türkiye’s damages” which date back to 1990 until 2011. Based on...
Volume: 66Issue: 37Published at Fri, 15 Sep 2023 -
Algeria: Key Southwest Gas Field Start-Ups Boost Exports To 7-Year High
...liant on gas for 99% of power generation. The gains in pipeline deliveries to key market Italy are more striking still, with 8M 2023 volumes of 15.47bcm (2.25bn cfd) the highest since 2011. And after April’s 11-year monthly high of 2.96mn cfd (MEES, 5 May), June, July and August were all the hi...
Volume: 66Issue: 37Published at Fri, 15 Sep 2023 -
Cyprus’ Aphrodite: Development Talks Continue Amid Reserves Downgrade
...rnerstone of their energy strategy,” a MEES source says. Trouble has been brewing for some time between Nicosia and Chevron, which only entered the project in late 2020 after its takeover of compatriot Noble Energy, which discovered Aphrodite in 2011. Understandably the US major believed it could im...
Volume: 66Issue: 36Published at Fri, 08 Sep 2023 -
Libya Eyes 10,000 B/D 1H24 Output At North Hamada
...w a pipeline connection between Tahara and the parallel El Feel/Sharara to Zawiya/Mellitah trunk crude pipelines. Full development of the seven fields on Area 47’s Block 2 on which commerciality was declared in 2011 and 2014 is slated to produce 50,000-60,000 b/d liquids and 90mn cfd gas with ou...
Volume: 66Issue: 35Published at Fri, 01 Sep 2023 -
Lebanon Hooked On Diesel Imports Amid Financial Crisis
...ich runs through Jordan and Syria. Even these volumes were only ever sufficient to supply one of its two gas turbines, while flows were sporadic and halted entirely following attacks on the pipeline in Egypt’s Sinai Peninsula in 2011. Meanwhile the Zahrani power plant lacks the required infrastructure to...
Volume: 66Issue: 35Published at Fri, 01 Sep 2023 -
Oman’s PDO Targets 19-Year High Crude Output
...ghest level since 2004 and more than 100,000 b/d above 2011’s nadir. PDO aims for further substantial near-term gains, with the firm targeting 700,000 b/d crude oil production by 2024 (MEES, 5 June 2020). The latest sustainability report cites the Yibal Khuff Project (YKP) as central to achieving th...
Volume: 65Issue: 37Published at Fri, 16 Sep 2022 -
Qatar’s Revenues From Europe Sales Balloon Amid Ukraine Fallout
...2011 over the first half of the year (see chart 3). Qatar supplied 4.36bcm (3.2mn t/y) in the first half of the year, up slightly year-on-year, but the biggest gains have been from the US. Qatar is well placed to increase LNG supplies to the UK once its expansion trains begin to come online fr...
Volume: 65Issue: 37Published at Fri, 16 Sep 2022 -
Cyprus’ Aphrodite: Development At Last?
...A development plan, set to be filed by end-2022, would see tie-back to under-utilized processing facilities on Egypt’s Mediterranean coast. Comments from Yossi Abu, CEO of Israel’s NewMed Energy, on his firm’s recent Q2 earnings call give the clearest signal yet the partners in Cyprus’ 2011...
Volume: 65Issue: 36Published at Fri, 09 Sep 2022 -
Libya Gas Exports Face Uncertain Future
...e still more than a fifth lower than 2010’s record of 1.55bn cfd, according to the BP Statistical Review of World Energy (see chart 1). That record year came just before the toppling of long-time ruler Muammar Gaddafi in 2011 which set Libya onto a still-ongoing course of political instability, ma...
Volume: 65Issue: 35Published at Fri, 02 Sep 2022 -
Iraq Fends Off Russia To Retain Top Spot In India
...January 2011. INDIA’S TOP FIVE* CRUDE SUPPLIERS (‘000 B/D): IRAQ RETAINS TOP SPOT FOR JULY DESPITE RUSSIAN SURGE SINCE MARCH *TOP 5 FOR JAN-JULY 2022. WHILST IRAQ, SAUDI,UAE & THE US WERE THE TOP FOUR FOR 2021, RUSSIA WAS NINTH. SOURCE: INDIA COMMERCE MINISTRY, MEES CALCULATIONS. ...
Volume: 65Issue: 35Published at Fri, 02 Sep 2022 -
Libya’s Zueitina Restarts Zella Field
...pacity of nearly 60,000 b/d before the 2011 revolution but this has dwindled to well under 20,000 b/d. Zueitina is also working to restart its Sabah, Fedah, Hakim fields located on Block NC-74. The restart of shut-in fields is key to Libya’s long term output goals (MEES, 11 June). But funding issues an...
Volume: 64Issue: 38Published at Fri, 24 Sep 2021 -
Libya’s Oil Exports: What’s At Stake?
...utdowns have always remained a threat since the collapse of the Gaddafi regime in 2011. Production has been affected by armed groups seeking political leverage, local grievances and problems related to the industry’s decrepit infrastructure. Funding issues and weak security have also prevented much-needed up...
Volume: 64Issue: 37Published at Fri, 17 Sep 2021 -
Italy 1h 2021 Crude Imports: Libya Resurgent
...the years prior to Libya’s 2011 revolution Libya was habitually number one, including a whopping 527,000 b/d for 2007 (see chart). *For 1H 2021 Libya was number two, some 60,000 b/d behind Azerbaijan, though for Q2 Azerbaijan with 208,000 b/d was only fractionally ahead. Iraq was number th...
Volume: 64Issue: 37Published at Fri, 17 Sep 2021 -
Libya’s NOC Advances Go-It-Alone 16,000 b/d Erawin Development
...forts to boost output from 1.3mn b/d to 2.1mn b/d (MEES, 11 June). Political instability, a lack of funding and weak security continue to present huge risks (see p14). Ten years of near-continuous chaos since Libya’s 2011 revolution, have deterred NOC’s key foreign upstream partners from sa...
Volume: 64Issue: 36Published at Fri, 10 Sep 2021 -
Iraq & TotalEnergies Sign ‘$27bn’ Energy Sector Megadeal
...xon entered the KRG in 2011. The subsequent decade saw it packaged under a $53bn Southern Integrated Infrastructure Project (SIIP) that was almost finalized with ExxonMobil and PetroChina, but which also fell apart (MEES, 10 May 2019). Both companies were expected to finance SIIP components by in...
Volume: 64Issue: 36Published at Fri, 10 Sep 2021