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Kais Saied’s Tunisia: Where Is It Headed?
...ndemic (MEES, 24 July 2020). Finances appear to be on the verge of collapse. Public debt has soared since the 2011 revolution (see chart 1), but Tunisia has little to show for it (MEES, 18 December 2020). Interest payments alone will eat up some 11% of projected government revenues this year, ac...
Volume: 64Issue: 43Published at Fri, 29 Oct 2021 -
Russia’s Tatneft Returns To Libya
...Tatneft is drilling an appraisal well it was forced to abandon in 2011. The firm also has development plans for existing discoveries, but will the country’s current calm last? Russian oil firm Tatneft has finally restarted drilling operations in Libya, more than a decade after fleeing the co...
Volume: 64Issue: 42Published at Fri, 22 Oct 2021 -
Riyadh, Cairo Sign $1.8bn Power Connection Deals
...ows have fallen well below their 2011-12 peak. Electricity sent to Jordan was down 12% year on year at 278GWh for 2019-20, an implied average flow of just 32MW, while that received from Jordan was up 36% to 95GWh, according to the latest stats from Egypt’s Electricity Holding Company (EEHC). Flows to Li...
Volume: 64Issue: 40Published at Fri, 08 Oct 2021 -
Petrofac Hopes To Turn Page After UK Bribery Conviction
...UK-based services firm Petrofac is hoping to put a scandal-riven few years behind it after a UK court on 4 October found it guilty on seven counts of bribery involving payments of $44mn to secure $3.5bn of contracts in Gulf countries between 2011 and 2017. In a case brought by the UK’s Se...
Volume: 64Issue: 40Published at Fri, 08 Oct 2021 -
Egypt LNG: Exporting, For Now
...ace for cargoes to be produced in Q4 2021 and onwards.” Since Damietta restarted in February the facility has shipped 1.84mn tons of LNG (MEES, 26 February). This is the highest figure since 2011, the year before the plant was mothballed. Meanwhile, Idku has six remaining ‘commitment’ cargoes se...
Volume: 64Issue: 40Published at Fri, 08 Oct 2021 -
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 -
India Steps Up Crude Buying Diversification
...test export data suggest higher volumes to come (see p2). Number two Saudi Arabia is down 23% at 596,000 b/d, the lowest half-year figure since 1H 2011. Saudi Arabia’s market share of just 14.7% for 1H 2021 is the lowest in well over a decade (see chart and table for full data). IN...
Volume: 64Issue: 35Published at Fri, 03 Sep 2021 -
Libya Oil Revenues Soar But Still Short Of Central Bank Target
...VENUES* AT $11.6BN IN THE FIRST SEVEN MONTHS OF 2021 ARE ALREADY DOUBLE THE FULL YEAR 2020 FIGURE OF $5.9BN *CBL 'OIL REVENUE' NUMBERS USED BETWEEN 2011 AND 2017 DUE TO ABSENCE OF NOC DATA. ^INCLUDES GAS EXPORT REVENUE, PRODUCTS SALES. ^^INCLUDES SMALL VOLUMES OF CONDENSATE. SOURCE: OPEC ASB, CB...
Volume: 64Issue: 34Published at Fri, 27 Aug 2021 -
Libya’s Forex Reserves Fall 21% In 2020
...e inaccessible to Libya due to strict UN sanctions that have been in place since 2011.The idea is that sanctions will be removed once Libya has an accountable government. But the country is still deeply divided. Libyan actors are still squabbling over the legal basis for elections that are sc...
Volume: 64Issue: 34Published at Fri, 27 Aug 2021 -
Libya Eyes Mabruk Field Redevelopment
...ys it is also aiming to bring back Hakim, Sabah and Fedah. Zueitina had a production capacity of nearly 60,000 b/d before the 2011 revolution but this has dwindled to well under 20,000 b/d. Waha Oil Company is still working to restore production from its once-120,000 b/d Dahra field which was si...
Volume: 64Issue: 34Published at Fri, 27 Aug 2021 -
Eni In Libya: Bumper Oil Output As Exports Head Far & Wide, But Gas At 10-Year Lows
...PORTS TO ITALY HAVE BEEN RUNNING AT THEIR LOWEST CONSISTENT LEVELS SINCE THE REVOLUTIONARY YEAR OF 2011 (MN CFD) *TO 19 AUGUST. SOURCE: SNAM, ENI, MEES. GAS HIT BY POWER OUTAGE Mellitah’s offshore Bahr Essalam gas fields have produced almost continuously through the last 10...
Volume: 64Issue: 33Published at Fri, 20 Aug 2021 -
Spain Crude Imports: Saudi & Mideast Share At Record Low As Libya Volumes Soar
...*Spain’s crude imports remain depressed by Covid. Average 1H 2021 imports of 1.074mn b/d were level with 2H 2020 as the lowest half year figure since 2011. Imports have edged up in recent months with the Q2 2021 average of 1.083mn b/d the highest ‘post-Covid’ quarterly figure. But this is st...
Volume: 64Issue: 33Published at Fri, 20 Aug 2021 -
New Iran Cabinet Brings Back Shades Of Ahmadinejad
...ree branches of government: the presidency, parliament and judiciary. OWJI FOR OIL For the high-profile petroleum ministry, Mr Raisi nominated Javad Owji, who served under the former ultra-conservative petroleum minister Rostam Ghasemi as deputy minister from 2011 to 2013. His former boss had be...
Volume: 64Issue: 32Published at Fri, 13 Aug 2021 -
Saudi Aramco’s Master Gas System: A Work In Progress
...twork last year (MEES, 26 May 2020). SAUDI ARABIA: KEY POWER INFRASTRUCTURE SAUDI ARABIA SALES GAS* OUTPUT HAS BEEN CONSISTENTLY CLIMBING YEAR-ON-YEAR (BN CFD)*CONVERTED FROM BTU TO CFD UNTIL 2011. SOURCE: SAUDI ARAMCO, MEES....
Volume: 64Issue: 32Published at Fri, 13 Aug 2021 -
Tunisia: President’s Power Grab Shakes Democracy To The Core
...elfth since Tunisia’s January 2011 revolution – after the ouster of predecessor Elyes Fakhfakh (MEES, 24 July 2020) Mr Saied, who has a legal background but previously worked as a TV commentator and as such is an outsider to Tunisia’s fractious party politics, was elected president in October 2019. He...
Volume: 64Issue: 30Published at Fri, 30 Jul 2021 -
Morocco’s Disputes With Algeria & Spain Heat Up As Pipeline Deadline Looms
...Algeria’s gas exports, for 2013-18. Though volumes dipped for 2019 and 2020 they are back at around this level for 2021. GME is not the only Algeria-Spain pipeline connection. A direct Algeria-Spain route, the 8bcm/y capacity Medgaz, started operations in 2011 (see map). Currently, the 54...
Volume: 64Issue: 29Published at Fri, 23 Jul 2021