- Sort by:
- Score
- Published ▼
-
Iraq Hopes For IPSA Pipeline Access With Riyadh Rapprochement
...velopments in recent months. A number of high level visits have been held in 2017. Saudi Foreign Minister Adel al-Jubeir visited Baghdad in February – the first such visit since 1990 – and Mr ‘Abadi met the Saudi King in Riyadh in June. Then in August an agreement was reached to reopen the border cr...
Volume: 60Issue: 35Published at Fri, 01 Sep 2017 -
Lukoil’s West Qurna-II Output Holds Steady
...maining 25% is held by the state-owned North Oil Company. Output over the first half of 2017 averaged 400,000 b/d, against 412,500 b/d in the same period last year. Lukoil attributes the slight fall to Iraq’s obligations under the November 2016 Opec agreement, whereby Iraq pledged to cut production by 21...
Volume: 60Issue: 35Published at Fri, 01 Sep 2017 -
Egypt: Mid-Size E&Ps Still Living Hand-To-Mouth Despite Gas Renaissance
...velopment, which is 80% complete and due for December 2017 start-up, by managing to pay off a large part of the receivables the firm is owed. At the end of 2016 Eni was owed $611mn, with $420mn overdue, but that has now almost been halved to $310mn with no amount overdue. Eni’s 10% partner in Zohr, UK ma...
Volume: 60Issue: 33Published at Fri, 18 Aug 2017 -
Qatar Oil & Gas Revenues Fall To Eight Month Low
...Qatar’s hydrocarbon revenues, and those from oil exports in particular, fell sharply in June amid ongoing geopolitical upheaval. Qatar’s 2017 deficit is already on track to exceed the budget figure, weakening revenues would provide a further blow. Qatari oil and gas export revenues fell to...
Volume: 60Issue: 31Published at Fri, 04 Aug 2017 -
Oman Taps China For $3.6bn Amid Ratings Downgrade
...tracted strong interest, prompting the government to raise the size from the original $2bn target. The ministry says the loan completes Oman’s external funding requirements for 2017 whilst adding geographical diversity to Oman’s external funding sources – past funding has largely come from western ba...
Volume: 60Issue: 31Published at Fri, 04 Aug 2017 -
Libya Looks To Corral IOCs Into Activity Boost
...ntinues to aim for more ambitious targets set out early in the year, and in particular to ramp up output to 1.25mn b/d by the end of 2017 (MEES, 10 February). With this in mind, NOC chief Mustafa Sanalla is doing what he can to encourage companies already operating in Libya to continue to boost pr...
Volume: 60Issue: 30Published at Fri, 28 Jul 2017 -
Saudi Crude Exports Lowest Since 2014 As Oil Burning Ramps Up
...u look at it. On the one hand the Saudi share of US demand is testing multi-year lows (see chart 1). On the other hand, taking first half 2017 volumes as a whole, US imports from Saudi Arabia have been remarkably consistent with earlier periods – indeed, as the US has slashed crude imports from el...
Volume: 60Issue: 29Published at Fri, 21 Jul 2017 -
Cyprus: Total Spuds Key Wildcat As Unification Talks Collapse
...15 (MEES, 2 January 2015). “Regarding Cyprus, we plan to start drilling campaign at the last quarter 2017, drilling one well inside 2017 and another well back-to-back. And we are shooting the seismic so we have more clear idea about the size of the prospect in the second half of the year,” Chief ex...
Volume: 60Issue: 28Published at Fri, 14 Jul 2017 -
Qatar Steps Up Gas Politics With Calculated Expansion
...tar’s heels in the coming years. In fact, Australia is on course to overtake Qatar as the global leader as early as next year. With the start-up of Gorgon LNG’s Train 3 earlier this year, and the imminent start-up of the delayed Wheatstone LNG, Australia is to exit 2017 with 74mn t/y capacity. In th...
Volume: 60Issue: 27Published at Fri, 07 Jul 2017 -
Qatar’s Hydrocarbon Politics Sends Message to Saudi Arabia, UAE
...not under threat, with the emirate continuing to receive LNG cargoes from Qatar. But Dubai took just under 1mn tons last year, and it’s very possible that this will fall to zero in 2017. Egypt took a bumper 4.78mn tons, but its alliance with Saudi Arabia and growing domestic output means a fall is hi...
Volume: 60Issue: 26Published at Fri, 30 Jun 2017 -
Tunisia: Oil Blockades Ease But Costs Keep Rising
...sts for Tunisia continue to mount. From being a net oil exporter as recently as 2010, domestic output fell to a mere 46% of demand for the first four months of 2017 (see table & chart 1). Were it not for the fall in oil prices the situation would be more dire still – indeed for gas, although output is al...
Volume: 60Issue: 25Published at Fri, 23 Jun 2017 -
Egypt Ends Forex Controls
...bsidies and streamlining public finances in order to cut the budget deficit. He also expects inflation to fall to just 13% during 2018 from the latest figure of 31%. Egypt’s parliament is currently debating the 2017-18 draft budget which envisages total spending of E£1,206bn ($67bn) and a deficit of E£37...
Volume: 60Issue: 25Published at Fri, 23 Jun 2017 -
Erbil Plays Russian Roulette With Independence Vote
...portunities than Iraqi Kurdistan. Meanwhile, Russia exported 24.5bcm of gas to Turkey in 2016, around 11% of total exports. Volumes are up 25% year-on-year in the first quarter of 2017 at 7.9bcm, which if sustained would result in a record 30.6bcm. And in Iraq, Gazprom Neft operates the 67,000 b/d Badra fi...
Volume: 60Issue: 24Published at Fri, 16 Jun 2017 -
Lebanon Faces Looming US Financial Sanctions Over Hizbollah Ties
...falls Lebanon and its banking system,” Mr Torbey added. Like the previous legislation, the new draft entitled the “Hizballah International Financing Prevention Amendment Act of 2017” will target all political groups in Lebanon suspected to have a strong link with Hizbollah. For the first time the dr...
Volume: 60Issue: 22Published at Fri, 02 Jun 2017 -
Trump/Saudi Love-In Dulls Iran Post-Election Oil Investment Hope
...d Inpex from Japan have expressed serious interest in participating in the development of the Iranian oil sector. They will now have to decide if the time is right to take the plunge. Under Iran’s sixth five-year plan 2017-22, the oil industry requires around $200bn of investment if it is to me...
Volume: 60Issue: 21Published at Fri, 26 May 2017 -
Algeria Parliamentary Poll: Status Quo - On, And On, And On Again
...ts. With the government announcing further fiscal consolidation this year, the World Bank expects real GDP growth to average 1.2% in 2017-19, down from 3.8% in 2016 – that was primarily due to a strong recovery in hydrocarbon production and higher-than-expected spending. “In 2017-19, a modest 2....
Volume: 60Issue: 20Published at Fri, 19 May 2017 -
Wintershall Dispute Takes Gloss Off Libya Production Peak
...cluded in the latest lifting programs for Amna crude at Zueitina Terminal, Wintershall Libya was forced to shut in oil production from its onshore Concession 96 on 7 March 2017,” said the spokesman. “It would not be an economic exploitation of the petroleum resources of the concession to continue pr...
Volume: 60Issue: 19Published at Fri, 12 May 2017 -
South Sudan Looks Beyond Total For Block B
...0,000 b/d, but in the first two months of 2017 average output was down 50% to less than 110,000 b/d. Amid continued fighting there is little prospect of bringing production back to the 2013 level, let alone further increasingly output. ...
Volume: 60Issue: 18Published at Fri, 05 May 2017 -
Tunisia Gas Slump
...Saida field has been repeatedly closed by strikes and sit-ins in recent years. “The company's production has been significantly curtailed in the first quarter of 2017 as a result of the shut-in of the Chouech Es Saida field in Tunisia,” Serinus said in a 16 March press release, with the co...
Volume: 60Issue: 18Published at Fri, 05 May 2017 -
Saudi Vision Dims With Benefits Climbdown
...own Prince Muhammad bin Salman (MEES, 10 June 2016). Finance Minister Muhammad al-Jad’an says that the cuts’ reversal was recommended by Prince Muhammad himself, following the improvement of state finances. Deputy Economy Minister Muhammad al-Tuwaijri says the country’s Q1 2017 deficit was SR...
Volume: 60Issue: 17Published at Fri, 28 Apr 2017