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Saudi Eyes Development Of Remote Northwest
...’ad al-Shamal industrial complex, which is centered around phosphate mining. To the southwest of Turaif is the 75mn cfd Midyan conventional gas processing plant, which was commissioned in 2017. Midyan gas was developed to supply gas to power generation facilities further down the coast at Du...
Volume: 63Issue: 37Published at Fri, 11 Sep 2020 -
Indian Firms Eye Israel Exit
...A consortium of Indian firms led by state giant ONGC Videsh is in the process of relinquishing the one exploration block it holds offshore Israel. Block 32 was awarded in late 2017, following Israel’s first offshore bid round, launched in 2016 (MEES, 24 November 2017). In its 2019-20 annual re...
Volume: 63Issue: 37Published at Fri, 11 Sep 2020 -
Noble To Keep Tamar Veto Rights
...th 25% of Tamar and 39.66% of Leviathan, has been accused of favoring the latter in gas sales (MEES, 24 April), effectively stymying any attempt by Tamar’s minority partners to compete with Leviathan on price. Tamar gas sales slumped from a steady 1bn cfd for 2017-19 to a seven year low of 543mn cf...
Volume: 63Issue: 37Published at Fri, 11 Sep 2020 -
Egypt: Key Shell Offshore Gas Project Faces Uncertainty
...condensate during the 2019-20 financial year to June, a far cry from the 1.3bn cfd it produced in 2013. Years of under-investment and over-drilling saw output collapse to around 200mn cfd in 2018. Phase 9b was finally sanctioned in 2017 although it was only 12 months ago that the phase’s nine we...
Volume: 63Issue: 36Published at Fri, 04 Sep 2020 -
Egypt Oil Targets Recede Into Distance
...clared force majeure on the plant’s ongoing 60,000 b/d expansion (MEES, 24 July). And the country’s other key ongoing expansion, a new 48,900 b/d hydrocracker and 14,900 b/d naphtha upgrader at the 90,000 b/d Asorc refinery in Assiut, southern Egypt (MEES, 15 September 2017), has the same main co...
Volume: 63Issue: 36Published at Fri, 04 Sep 2020 -
KRG Project Delays Stunt Upstream Growth
...eld and Kirkuk’s and Avana Dome in late 2017, Iraqi Kurdistan’s upstream sector has since brought several key projects online due both to regularized KRG payments and higher oil prices. MEES estimates that KRG output jumped from 310,000 b/d at end-2017 to 492,000 b/d two years later (MEES, 8 November 20...
Volume: 63Issue: 35Published at Fri, 28 Aug 2020 -
Tunisia’s Oil Industry Faces Existential Crisis
...mour movement emerged in 2017 when protesters blocked the main oil pipeline at El Kamour in protest at lack of local investment and jobs in the southern provinces of Tataouine and Kebili (MEES, 2 June 2017). The protesters say the government has still not fulfilled pledges to tackle the issues (MEES, 26...
Volume: 63Issue: 33Published at Fri, 14 Aug 2020 -
China’s CNOOC Enters Key Abu Dhabi Concessions
...tablishment of the Al-Yasat JV (Adnoc 60%, CNPC 40%) to explore for oil (MEES, 2 May 2014). Production from Al-Yasat’s Bu Haseer field began in March 2018 (MEES, 27 April 2018). China’s presence in Abu Dhabi then picked up considerably in 2017 when CNPC and Chinese private-sector firm CEFC bought 8% an...
Volume: 63Issue: 31Published at Fri, 31 Jul 2020 -
UAE Emerges As Libya’s Top Condensate Customer
...t, whilst Abu Dhabi sees Libya through a geopolitical prism, for Dubai it’s just business. And at least for now, Abu Dhabi appears to be displaying a level of toleration not afforded to the two previous key suppliers of condensate to Dubai’s Enoc: Qatar until the 2017 blockade (MEES, 9 June 2017), an...
Volume: 63Issue: 31Published at Fri, 31 Jul 2020 -
Iran’s Petropars Wins $1.3bn South Azadegan Contract
...ofile firms were interested in developing South Azadegan (MEES, 29 January 2016). The likes of Total, Shell, Petronas, Inpex and Rosneft (MEES, 8 September 2017) were all linked to the field until the re-imposition of US sanctions nixed Iran’s plans. LOCAL FIRMS STEPPING UP With IOCs unwilling to...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Algeria Gas Fields Slump
...mpression project doubled output to a record 815mn cfd in 2017. Q2 output was just 493mn cfd (see chart 2). But natural decline doesn’t explain In Salah’s precipitous Q2 slump. Faced with a huge decrease in export demand for its gas (MEES, 26 June), Algeria has been cutting production across a number of ke...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Iran: Local Firm To Develop Yaran Field Iran: Local Firm To Develop Yaran Field On Iraq Border On Iraq Border
...ES, 15 July 2016), but subsequent sanctions from the Trump Administration warded off foreign interest and forced the cancellation of already penned agreements – most notably Total’s (and CNPC’s) $4.8bn South Pars phase-11 deal (MEES, 7 July 2017). IRANIAN EFFORT For years, Yaran has be...
Volume: 63Issue: 29Published at Fri, 17 Jul 2020 -
Qatar Crude Exports Remain Firm As Neighbors Make Deep Cuts
...ws. That Qatar has been under an embargo from Saudi Arabia, UAE and Bahrain since June 2017 is an added dimension that won’t be lost on any of its neighbors (MEES, 9 June 2017). The friction between Qatar and Opec’s dominant forces undoubtedly played a key role in Qatar’s 2018 decision to quit Opec (ME...
Volume: 63Issue: 28Published at Fri, 10 Jul 2020 -
Adnoc Shuts Onshore Bab Field For Maintenance
...the latest 370,000 b/d figure indicates that it was running around 50,000 b/d below capacity prior to shut-down. Adnoc is working to expand capacity at Bab from 420,000 b/d to 450,000 b/d under a contract awarded in 2017 to CPECC, the engineering subsidiary of Chinese state firm CNPC (MEES, 17 No...
Volume: 63Issue: 27Published at Fri, 03 Jul 2020 -
Oman LNG Exports Dip In 1H 2020 Ahead Of Capacity Expansion
...rean buyers holding the rest). Production jumped from 8.60mn tons in 2017 to 10.4mn tons in 2018 – matching nameplate capacity – and last year the firm’s three LNG trains produced a record 10.7mn tons. “We reaped the rewards from investments in rejuvenation, debottlenecking, and the power project,” oi...
Volume: 63Issue: 27Published at Fri, 03 Jul 2020 -
Algeria Oil & Gas: Searching for Stability
...lding sway in the sector. For example, Chakib Khelil was unquestionably the oil supremo when he was energy minister from 1999 to 2010. But the Sonatrach CEO was the man to call when the industrious Abdelmoumen Ould Kaddour headed the state-oil giant between 2017-2019 (MEES, 26 April 2019). Sonatrach is...
Volume: 63Issue: 26Published at Fri, 26 Jun 2020 -
Saudi Arabia Gas: New Facilities, Greater Flexibility
...ming years, with work underway to add substantial gains through a mix of associated and non-associated gas processing capacity. First up is the Hawiyah Gas Plant Expansion Project. Contracts were awarded in 2017 to add 1.07bn cfd processing capacity, which will bring capacity up to 3.86bn cfd by Ju...
Volume: 63Issue: 26Published at Fri, 26 Jun 2020 -
Iraq Fights For Survival Amid Growing Pressure To Slash Oil Output
...severe underinvestment. Iraq is certainly in dire need of revenues, and as last year’s protests showed, the state of social services is a life-or-death matter (MEES, 8 November 2019). On the other hand, Iraq’s situation did improve considerably over 2017-19, with oil revenues up and the Is...
Volume: 63Issue: 24Published at Fri, 12 Jun 2020 -
New Iraqi Oil Minister Inherits A Sector In Flux
...mense challenges facing the country. 46-year-old Ihsan Ismaael takes over as Oil Minister replacing the veteran Thamir Ghadhban, and looks to be a strong choice to oversee Iraq’s all-important oil and gas industry. As former Basra Oil Company (BOC) Director General (2017-2020), Mr Ismaael was a cl...
Volume: 63Issue: 24Published at Fri, 12 Jun 2020 -
Bahrain In Talks With Neighbors Over GCC Gas Grid
...xt month, no expansion here is viable for the foreseeable future. Saudi Arabia was in fact in talks with Qatar over potential gas imports before the embargo began in June 2017 (MEES, 8 December 2017). That option is now gone, but energy ministers from Bahrain, Saudi Arabia and the UAE have all ra...
Volume: 63Issue: 22Published at Fri, 29 May 2020