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Iraq Eyes Japanese Replacement For Inpex Stake
...ch as JX Nippon are unlikely to be willing to replace Inpex given the risky operational environment. Located in Dhi Qar province and discovered by Lukoil in 2017, Eridu is one of Iraq’s largest discoveries in recent years....
Volume: 66Issue: 05Published at Fri, 03 Feb 2023 -
Oman: Block 60 Oil Field Inauguration
...0,000 boe/d, and provides a welcome boost to Oman’s overall production capacity. But with renewed Opec+ production cuts in place until the end of the year, Oman will be unable to fully tap into this additional capacity (see p3). Block 60 was first discovered in 2017, with the first crude oil pr...
Volume: 66Issue: 04Published at Fri, 27 Jan 2023 -
Hayan Abdulghani Appointed Iraq’s Oil Minister
...tired in 2020. He was previously the chairman of Basrah Gas Company (BGC) and director general of South Gas Company (SGC). Mr Abdulghani was appointed director general of SGC in 2017, switching from his previous role as director general of Basrah Oil Company (BOC), which oversees Iraq’s largest oil fi...
Volume: 65Issue: 43Published at Fri, 28 Oct 2022 -
Saudi Oil Burn Dips From Record High
...After hitting an all-time high in June, Saudi oil burn dropped by 170,000 b/d in July (see data, p18). While a July drop is unusual, the 1.31mn b/d monthly average was still the second highest July figure on record – behind only 2017’s 1.39mn b/d. Oil burn peaks during the summer when surging de...
Volume: 65Issue: 38Published at Fri, 23 Sep 2022 -
UK Considers Israel Embassy Move to Jerusalem
...ptember during a meeting at the United Nations. Any such move is likely to draw widespread criticism, especially from the Palestinian Authority, which also heavily criticized Mr Trump’s 2017 decision. It also risks further entrenching tensions with the current US administration and EU states....
Volume: 65Issue: 38Published at Fri, 23 Sep 2022 -
Algeria’s Petchems Push
...mething of a resurrection of previous plans that have struggled to advance (MEES, 3 February 2017). Of the two, one is a 1mn t/y mixed feed cracker slated for the industrial zone at the port of Skikda, while the other is a new methanol plant at Arzew for which previous plans stated a 1mn t/y ca...
Volume: 65Issue: 33Published at Fri, 19 Aug 2022 -
UAE’S First Waste-To-Energy Plant Begins Testing
...become the Middle East’s first zero-waste city.” The plant, developed by Abu Dhabi state utility Adpower, incorporates moving grate technology to process and burn waste to drive a steam turbine generator set EWEC is led by Abu Dhabi state renewables firm Masdar and was formed in 2017 with the go...
Volume: 65Issue: 18Published at Fri, 06 May 2022 -
Kuwait Cabinet Resigns, Again
...pacting the government’s ability to pass a much-needed debt law, reduce bloated spending, and diversify the economy away from oil reliance. On 4 April, local Kuwaiti Al Anbaa reported that finance ministry documents showed that since “the public debt law’s validity ended in October 2017,” Kuwait withdrew “ab...
Volume: 65Issue: 14Published at Fri, 08 Apr 2022 -
Lebanese Power Operator Primesouth Files Arbitration Against Iraq
...ngled out the project for corruption since initial plans were made public in 2017. A little-known Dubai based Iraqi oilfield services subcontractor called Al Nukhba Energy was accused of corruption after the electricity ministry chose it to deliver the work. In April 2019, the Iraqi cabinet awarded the 10...
Volume: 65Issue: 12Published at Fri, 25 Mar 2022 -
Wintershall Dea and Sonatrach Eye Low Carbon Opportunities
...ggane Nord project which started up in 2017. Algeria is hoping to convert several MoUs signed with IOCs to concrete investment deals under its recently activated 2019 oil law. Eni is so far the only confirmed company to have been awarded a concession under the law’s improved terms (MEES, 17 December 20...
Volume: 65Issue: 08Published at Fri, 25 Feb 2022 -
Borouge Partners Consider IPO
...noc Distribution shares began trading in 2017 (MEES, 1 December 2017), while an IPO of Adnoc Drilling was carried out last year (MEES, 10 September 2021)....
Volume: 65Issue: 07Published at Fri, 18 Feb 2022 -
BP/Equinor Algeria Gas Output Rebounds In 2021
...is was still almost 300mn cfd lower than 2017’s record 815mn cfd. In Salah’s output rose 19% to 571mn cfd in 2020 – the second lowest on record after 2020’s 481mn cfd. Partners BP, Equinor and Sonatrach have struggled to halt production declines over the years, despite the completion of field tie-in...
Volume: 65Issue: 06Published at Fri, 11 Feb 2022 -
NEW EGPC CHAIRMAN
...Egypt’s Petroleum Minister Tarek El Molla this week appointed Alaa El Batal as the new Chairman of state oil firm Egyptian General Petroleum Corporation (EGPC). Mr Batal succeeds Abed Ezz El Regal, who is retiring having headed EGPC since March 2017. Mr Batal took up his duties on 26 January, ha...
Volume: 65Issue: 04Published at Fri, 28 Jan 2022 -
Iran-Turkey Gas Flows Halt
...rkish booster station is preventing flows. Iran was Turkey’s second largest gas supplier behind Russia for the first ten months of 2021, providing 8.1bcm. This would already by the highest full-year figure since 2017’s 9.25bcm. Iran’s Turkey gas supply contract expires at end-2025. Iran’s Petroleum Mi...
Volume: 65Issue: 03Published at Fri, 21 Jan 2022 -
BP/Equinor Algeria Gas Output Crash
...s in 2Q20. Partners BP, Equinor and Sonatrach have struggled to halt production declines over the years, despite the completion of field tie-in and compression projects at the fields in 2017 and 2018 (MEES, 7 February 2020). Though Algerian gas output has seen a major turnaround this year (ME...
Volume: 64Issue: 43Published at Fri, 29 Oct 2021 -
UAE Extradites Former Sonatrach Chief
...rrant related to alleged corruption surrounding the December 2018 purchase of a 200,000 b/d refinery in Augusta, Italy from ExxonMobil (MEES, 11 May 2018). Ould Kaddour was Sonatrach CEO from March 2017 to April 2019, with his ouster coming three weeks after that of former president Bouteflika to wh...
Volume: 64Issue: 31Published at Fri, 06 Aug 2021 -
Egypt Nuclear Plans Knocked Back
...ES, 15 December 2017). The $30bn project has been mainly funded via a $25bn loan from Russia itself. Repayment was due to begin by 2029 when operations at the plant were set to begin but inevitably that has now also been pushed back. Mr Adham says construction will not begin for another 12 mo...
Volume: 64Issue: 30Published at Fri, 30 Jul 2021 -
Saudi Arabia Caps Gasoline Prices Amid Rising Inflation
...s slashed fuel subsidies over the past five years, and the upshot has been that even before the pandemic, domestic consumption of diesel and gasoline had fallen below their peaks of 2015 and 2017 respectively. However, the government’s decision to triple VAT from July 2020 has resulted in a sh...
Volume: 64Issue: 29Published at Fri, 23 Jul 2021 -
Iran Goes To The Polls, Or Not
...ads the judiciary and is a close ally of Supreme Leader Ayatollah Ali Khamenei. Mr Raisi also stood in the previous election in 2017 when he was soundly beaten by then incumbent Hassan Rohani (MEES, 26 May 2017). Four years of progressively-tightening sanctions under US President Trump tempered su...
Volume: 64Issue: 24Published at Fri, 18 Jun 2021 -
Cairn Finalizes Mauritania Deal
...mmercial discovery, Frégate, in 2012-13 (MEES, 13 February 2013), Dana and UK-based partner Tullow Oil quit the acreage in 2017, only for Total to snap up Block C-7 later the same year. When announcing the original farm-in in March 2020, Cairn flagged up possible drilling targeting a turbidite fan play an...
Volume: 64Issue: 14Published at Fri, 09 Apr 2021