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Drone Attacks Force Shutdown Of Key Kurdistan Oil Fields
...ersee security since ISIS was ousted in 2017. The field fell under ISIS control in 2014, and the security situation in the area remains precarious. SANCTIONS RETALIATION? Iraq’s deal with HKN comes as Baghdad has been trying to convince US companies to invest in the country’s energy se...
Volume: 68Issue: 29Published at Fri, 18 Jul 2025 -
HKN Signs Preliminary Deal For Development Of Federal Field
...rces did not retake the field until 2017. Mr Abdulghani says that output is currently piped for processing at the neighboring Ajil field, operated by Kurdish conglomerate Kar. It is currently producing around 10,000 b/d. Output from Ajil and other small NOC fields is typically refined in federal re...
Volume: 68Issue: 29Published at Fri, 18 Jul 2025 -
Israel Strikes Cripple Yemen’s Fragmented Power System
...d refined products to the refinery’s storage tanks to supply the domestic market. SOLAR: A RAY OF HOPE Having suffered through a decade of civil war, many Yemenis have turned to solar PV power for a more stable supply of electricity. Back in 2017 the World Bank estimated around 50-75% of ho...
Volume: 68Issue: 28Published at Fri, 11 Jul 2025 -
Israel-Iran Conflict Exposes East Med Gas Interdependence
...d blockade of Qatar between 2017-2021. Since then, relations have improved and Doha deposited $5bn in Egypt’s Central Bank in 2023 to help its ailing economy. In the energy sector, QatarEnergy has been slowly expanding its Egyptian upstream footprint since first entering in 2021 (MEES, 15 November 20...
Volume: 68Issue: 27Published at Fri, 04 Jul 2025 -
Oman LNG: Record Volumes Generated $6.5bn Revenues For 2024
...joying a profitable turn in recent years. Following the resurgence of upstream gas output since the 2017 startup of the 1.5bn cfd Khazzan/Ghazeer tight gas project, Muscat has been racing to expand its liquefaction capacity. Back in 2022 Oman LNG completed debottlenecking work at its three-train Sur fa...
Volume: 68Issue: 27Published at Fri, 04 Jul 2025 -
Gas In The Gulf: Cooperation Is Limited
...om Iran. This resulted in a significant increase in reported flows that month (see chart 3). Since 2017, Iran has also exported gas to Iraq through two pipelines, but flows have become increasingly unreliable due to Iran’s own gas shortages as domestic demand has increased. Exports to Iraq peaked at...
Volume: 68Issue: 24Published at Fri, 13 Jun 2025 -
Iraq Turns To Turkey To Ease Electricity Shortages
...DED THEIR CONTRACTS IN 2017 SOURCE: IRAQ'S MINISTRY OF ELECTRICITY, MEES. ...
Volume: 68Issue: 24Published at Fri, 13 Jun 2025 -
KRG Signs US Firms Up To New Gas Development Contracts
...rchased by US Crest Energy International in 2017 and taken private (MEES, 2 June 2017). “I’m very pleased to be here again back in Washington, especially to witness and monitor the signing of these two very important deals. Both companies, HKN and WesternZagros, have been operating in Kurdistan for ma...
Volume: 68Issue: 21Published at Fri, 23 May 2025 -
Can Iran’s Nuclear Power Program Offset Surging Consumption?
...om their 20GW plan, Iran will be lucky to hit 10% of that mark. According to the International Atomic Energy Agency (IAEA), the only other plant currently under construction in Iran is the 915MW Bushehr-2 plant. Construction began in 2017 with Russian state firm Rosatom at the helm (MEES, 31 Ma...
Volume: 68Issue: 21Published at Fri, 23 May 2025 -
Trump Offers Syria ‘Chance At Greatness,’ Pledges To Remove US Sanctions
...000 b/d of oil and suffered massive damage when ‘Islamic State’ fighters targeted its 88mn cfd capacity processing plant (MEES, 29 September 2017). It was subsequently repaired and operated by GPC, but that also begs the question as to whether the current government would be keen to hand it back. PR...
Volume: 68Issue: 20Published at Fri, 16 May 2025 -
Aramco Steps Up Multi-Billion Dollar Refinery Upgrade Strategy
...line next year. Now, Aramco is once again examining whether to integrate petrochemicals into its wholly-owned 635,000 b/d Motiva refinery at Port Arthur in the US. Previously operated by the 50:50 Motiva JV with Shell, Aramco took full control of the refinery in 2017 (MEES, 10 March 2017). Mr Na...
Volume: 68Issue: 18Published at Fri, 16 May 2025 -
Will Increased Saudi Oil Production Translate Into Higher Summer Exports?
...cle US shale activity could have a material impact on global balances, creating space for increased volumes from Saudi Arabia and its fellow Opec+ producers. 1: SAUDI CRUDE BURN HAS STARTED THE YEAR AT THE LOWEST LEVEL SINCE 2017 (‘000 B/D) SOURCE: JODI, MEES. 2: HOW WILL PR...
Volume: 68Issue: 19Published at Fri, 09 May 2025 -
Kuwait’s Extends Shell’s Key Upstream Role
...SA, which runs for 10 years (MEES, 21 March). There have been no subsequent ETSAs awarded, despite previous plans to award new contracts for heavy oil development (MEES, 2 June 2017) and for West Kuwait (MEES, 20 April 2018). Plans to develop a new contract model have also yet to reach fruition (ME...
Volume: 68Issue: 18Published at Fri, 02 May 2025 -
Egypt & Eni Plan $1bn-Plus Zohr ‘Phase-3’ To Facilitate Cyprus Tie-Backs
...nds. The fate of Egypt’s gas output has gone hand in hand with the country’s largest producer Zohr since the Eni-operated field’s late 2017 start-up. Zohr output initially soared to peak at 2.96bn cfd for 1Q 2021 but had slumped to 1.5bn cfd by early this year following water breakthrough issues that be...
Volume: 68Issue: 17Published at Fri, 25 Apr 2025 -
Iran Dreams Of Future Upstream Boom, Eying IOC Return Should US Deal Be Reached
...ich signed up to the giant South Pars gas field’s Phase 11 project (MEES, 23 July 2017). Tehran failed to capitalize on the interest, electing for lengthy negotiations, qualification processes and unrealistic ‘technology transfer’ demands, and ultimately lost investor confidence (MEES, 22 December 2017...
Volume: 68Issue: 17Published at Fri, 25 Apr 2025 -
Saudi Slashes Jan-Feb Oil Burn; Can It Maintain The Progress?
...at fuel oil shipments to Saudi facilities (including seaborne domestic transfers) have started the year at multi-year lows (see chart 4). The Q1 average of 240,000 b/d was the lowest three-month average in Kpler data stretching back to 2017. This marked a significant drop from 318,000 b/d one ye...
Volume: 68Issue: 17Published at Fri, 25 Apr 2025 -
Eni Revises Up Zohr Reserves But Output Decline Continues
...ar-on-year, gives cumulative production since the field started up in late 2017 of 5.34tcf, implying an original recoverable resource of 9.84tcf (see chart 1). Zohr’s slump has been the key driver in Egypt’s overall gas output decline, with the field making up 37% of last year’s eight-year low 4....
Volume: 68Issue: 15Published at Fri, 11 Apr 2025 -
OPEC Secretary General: ‘Data-Driven Messaging More Important Than Ever’
...it the data that led the IEA Executive Director to say in 2017, “We don’t see a peak in oil demand any time soon”? Or the data that led the Executive Director to say in 2022, “Global oil demand will peak before 2030.” Which IEA data has ‘won’ regarding peak gasoline consumption? The IEA stated in...
Volume: 68Issue: 15Published at Fri, 11 Apr 2025 -
GCC Deepens Africa Ties, Starting 2025 With Record Oil Product Exports
...ate energy firm OQ has also expanded into distribution in Africa. It took a 40% stake in Kenya-based Hass Petroleum through its subsidiary OQ Trading back in 2017. The company operates more than 150 retail stations across nine countries in central and east Africa. Oman, like other countries in the GC...
Volume: 68Issue: 15Published at Fri, 11 Apr 2025 -
Egypt Eyes Summer Power Needs, Looks To Limit LNG Spending
...asing their FSRUs, but with the deal to take the Energos Power seemingly close, those talks have not progressed. EGYPT LNG *IMPORTS BY ORIGIN: Q1 IMPORTS RISE TO 1.10MN TONS, HIGHEST FIRST QUARTER SINCE 2017 AS US REMAINS TOP SUPPLIER BY SOME DISTANCE (MN TONS) *IMPORTS ZERO 4Q18-1Q24. SO...
Volume: 68Issue: 15Published at Fri, 11 Apr 2025