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Eni’s Egypt Receivables Down Markedly From Mid-2024 Peak
...PAYMENT PLAN HELPS REDUCE DUES BY 24% TO $992MN AT THE END OF JUNE *NO FIGURES PROVIDED BETWEEN 2017-2022. ORIGINAL NUMBER GIVEN IN EUROS, CONVERSION USES EXCHANGE RATE ON LAST DAY OF REPORTED PERIOD. SOURCE: ENI, MEES CALCULATIONS. 2: EGYPT NET OUTPUT: BOTH GAS AND OIL SLUMPED TO SEVEN-YE...
Volume: 68Issue: 41Published at Fri, 10 Oct 2025 -
Qatar Targets 380,000 B/D From Al Shaheen
...%, TotalEnergies 30%) since 2017. A multi-phase development plan kicked off in 2017 and has helped the firms revive the field’s fortunes. Production appears to be on course to rise above 300,000 b/d this year. Kpler data shows exports increasing by 12% so far this year, implying average output of mo...
Volume: 68Issue: 40Published at Fri, 03 Oct 2025 -
Saudi Arabia Doubles Deficit Forecast For 2025
...reseeable future, but strong economic growth in recent years means that as a share of GDP, the deficits are expected to be considerably less than over the 2014-2020 period. By way of comparison, this year’s forecast $65.3bn deficit is comparable with 2017’s $63.6bn figure. But while the 2017 deficit was eq...
Volume: 68Issue: 40Published at Fri, 03 Oct 2025 -
BP Signs 5-Well Egypt Deal
...diterranean, where all recent key drillings have taken place. While the rapid decline at WND, which started up in 2017 with the Phase 1 Libra and Taurus fields, will be a sore disappointment for BP, it now provides an opportunity to tie-in nearby finds, given that the development has infrastructure ca...
Volume: 68Issue: 37Published at Fri, 12 Sep 2025 -
Israel Crosses More Red Lines With Doha Airstrike
...E President’s visit to Doha was especially notable. Not just because the UAE was a key player in the 2017-2021 Qatar embargo (MEES, 8 January 2021), but because it is the most prominent signatory of the Abraham Accords with Israel. Next week marks the fifth anniversary of the Abraham Ac...
Volume: 68Issue: 37Published at Fri, 12 Sep 2025 -
Europe Probes Second Cyprus-Linked EU-Funded Energy Project
...ate relies on burning fuel oil for power; oil burn accounted for 75% of its power generation last year, with renewables contributing 25%. Cyprus opposition party Akel’s Stefanos Stefanou told lawmakers earlier this month that Cyprus has racked up a €1.3bn ($1.5bn) bill to the EU since 2017 fo...
Volume: 68Issue: 37Published at Fri, 12 Sep 2025 -
Saudi Oil Export Revenues Hit Three-Month High In June
...orage hub at Egypt’s Sidi Kerir for onwards export) averaged 325,000 b/d last quarter according to Kpler, the highest such figure in records back to 2017. This helped drive an increase in total export revenues from European sales in Q2 to $9.9bn, the highest quarterly figure since the same period la...
Volume: 68Issue: 35Published at Fri, 29 Aug 2025 -
Israel’s Bazan Refinery Repair Work Extends Into Q4
...8,500 b/d, which was the lowest since 2017, according to Kpler (see chart 3). Supplementing the crude supplied to the two refineries, Israel also imports around 10,000 b/d of vacuum gasoil (VGO), which is used in the refining process and mainly sourced from Russia. Israel stopped importing crude from Ru...
Volume: 68Issue: 34Published at Fri, 22 Aug 2025 -
Saudi Refined Products Exports Soar Amid High Margins
...rir) averaged 325,000 b/d last quarter according to Kpler, the highest such figure in records back to 2017. 1: SAUDI OIL BURN LEVELS ('000 B/D) IN 2025: VOLATILE, BUT AVERAGING BELOW RECENT YEARS *CRUDE PLUS FUEL OIL CONSUMPTION. PRESUMES ALL FUEL OIL BURNED IN POWER PLANTS (SOME IS USED AS...
Volume: 68Issue: 34Published at Fri, 22 Aug 2025 -
Kurdistan’s Miran Partners Target 2027 First Gas
...up to 8tcf and was previously operated by London-listed Genel Energy. The KRG, disappointed by the lack of progress years after signing a gas sales agreement (GSA) with Genel in 2017, revoked the company’s PSC for Miran and the nearby Bina Bawi block in 2021 (MEES, 20 August 2021). Under the te...
Volume: 68Issue: 33Published at Fri, 15 Aug 2025 -
Acwa Power Secures 800MW Solar PV Projects In Morocco
...and CSP technologies in a ‘game-changing’ hybrid model (MEES, 23 June 2017). The 800MW project was awarded back in May 2019 to Abu Dhabi state renewables giant Masdar in partnership with France’s EDF Renewables and local firm Green of Africa (MEES, 31 May 2019). But over five years later, li...
Volume: 68Issue: 32Published at Fri, 08 Aug 2025 -
Leviathan Supplying Jordan’s DEAD Sea Industry
...oor. Leviathan already supplies Jordan’s state utility Nepco. Chevron’s other Israeli field, the 13.7tcf Tamar has been supplying the Arab Potash and Jordan Bromine plants on the Dead Sea since 2017, likely the customers for the new Leviathan volumes, with volumes which averaged around 20mn cfd last year. ...
Volume: 68Issue: 32Published at Fri, 08 Aug 2025 -
Abu Dhabi’s Ewec Eyes New Era Of Low-Cost, Low-Carbon Power
...3Q 2026. Ewec is also tendering for the 273,000 m³/d Saadiyat Island RO plant, which it hopes to bring online in 2027. 1: ABU DHABI’S EWEC GAS FEEDSTOCK REQUIREMENTS FALL 30% FROM THEIR 2017 PEAK DESPITE OVERALL GENERATION SOARING (TWh) 2: ABU DHABI ‘CLEAN’ POWER GENERATION (TWh): OUTPUT HA...
Volume: 68Issue: 31Published at Fri, 01 Aug 2025 -
Kurdistan’s Gas Ambitions Advance With Chemchemal Kickoff
...rk had fallen victim to a period of tumultuous relations with the Kurdistan Regional Government (KRG), with lengthy arbitration from 2013 to 2017 holding back development at both Khor Mor and Chemchemal (MEES, 13 July 2018). But that episode is in the past and Chemchemal’s development will ensure no...
Volume: 68Issue: 30Published at Fri, 25 Jul 2025 -
Turkey’s ITP Exit Sets Stage For Intensive Talks With Iraq
...aqi Kurdistan, where around 300mn cfd in capacity gains are expected by end-2026 from the Khor Mor and Chemchemal gas fields (see p2). The KRG signed a Gas Sales Agreement with Turkey in 2013 to export an initial 4bcm/year from 2017, rising to 10bcm/y by 2020. Turkey’s proposals could rekindle the KR...
Volume: 68Issue: 30Published at Fri, 25 Jul 2025 -
Egypt LNG Imports Ramp Up On Increased Regasification Capacity
...et growing gas consumption during the peak summer demand season. As of 24 July, Egypt had imported 580,000 tons of LNG, which would itself be the highest monthly total since September 2017 (see chart 1). Kpler is forecasting that July LNG imports could reach 860,000 tons, which would be a record mo...
Volume: 68Issue: 30Published at Fri, 25 Jul 2025 -
Shell Greenlights Egypt Offshore Project
...me since 2017 and prolong the project’s lifespan (MEES, 18 July). MEES learns that Shell plans to drill the Mina West-2 appraisal well in Q1 next year to firm-up volumes with first gas potentially by the end of 2026. Operator Shell (60%) and partner, Kuwait state firm Kufpec (40%) had initially ap...
Volume: 68Issue: 30Published at Fri, 25 Jul 2025 -
KPC Seeks IOC Investment As It Chases Down 4mn B/D Target
...wait and Saudi Arabia. The two subsidiaries are in the process of being merged as KPC seeks to streamline its operations (MEES, 26 July 2024). KOC capacity fell from 3.151mn b/d in 2017-18 to just 2.629mn b/d in 2020-21, before gradually edging up to its current levels. The firm hasn’t released ca...
Volume: 67Issue: 29Published at Fri, 18 Jul 2025 -
New Egypt Gas Increments Slow Output Declines
...t to lift the project’s output to 420mn cfd, the highest level since 2017. It’s still a far cry from peak WDDM output of just over 2bn cfd in 2008. Since then, new development phases have aimed to keep the project alive rather than return output to previous heights. Shell is now looking for an in...
Volume: 68Issue: 29Published at Fri, 18 Jul 2025 -
US Sanctions On Vs Oil Terminal Give Iraq A Headache
...ll as Iraqi oil” in the past through AIS signal spoofing in the Gulf. Iraqi authorities are investigating whether any volumes had been sold to either of the two companies in recent months. Between 2017 and 2019, Mr Said’s UAE-based Al-Iraqia Shipping Services & Oil Trading FZE (AISSOT) was given ex...
Volume: 68Issue: 29Published at Fri, 18 Jul 2025