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Rising Gulf Tensions Cast Spotlight Back On Iran’s Nuclear Capabilities
...wever, are uranium upgrading plants at Natanz and Fordow (see table). Bushehr-1 was started up in 2011 after a much-delayed gestation and suffered teething problems before commercial operation was declared in September 2013 (MEES, 10 October 2014). Russia’s Atomstroyexport provides uranium enriched to...
Volume: 62Issue: 25Published at Fri, 21 Jun 2019 -
Libya’s Oil Sector Feels The Strain
...oke out “due to the high temperature experienced in an electric generator” at compound 1 of the Sarir field in the Sirte basin, resulting in a production loss of around 30,000 b/d. Sarir has experienced persistent outages due to power problems since the 2011 ‘revolution’. NOC said the day before th...
Volume: 62Issue: 24Published at Fri, 14 Jun 2019 -
Cyprus: Aphrodite Contract Agreed, 2020 FID?
...Cyprus looks to be finally on the path to the realm of gas producers. Nicosia has agreed to sweeten terms in return for a guarantee from Noble, Delek and Shell to develop the 2011 Aphrodite discovery. The Cyprus government and the partners at the country’s 4.2tcf Aphrodite gas field have ag...
Volume: 62Issue: 23Published at Fri, 07 Jun 2019 -
Gulf Monarchies Look To Score In Soft Power Premier League
...ampions League performance under Abu Dhabi ownership is the semis in 2015-16. At least this is one stage better than the Qatar Investment Authority (QIA) has managed to achieve since paying $100mn in 2011 for French Ligue-1 club Paris St Germain (PSG). QIA subsidiary Qatar Sports Investments (QSI) has si...
Volume: 62Issue: 22Published at Fri, 31 May 2019 -
Energean Taps Cyprus For Israel Gas Exports
...ospects for Cyprus’ own 4.2tcf 2011 Aphrodite discovery. And Energean will struggle to meet even a modest sales commitment (especially from 2021) based on current reserves and development plans. The recent ‘Karish North’ discovery takes total recoverable reserves to around 3tcf (MEES, 19 April). Ho...
Volume: 62Issue: 20Published at Fri, 17 May 2019 -
Tensions Flare As Turkey Drills Off Cyprus
...ach any sort of compromise, with the most recent summit in Switzerland in 2017, the last concerted efforts, failing to reach any sort of deal. Turkey has warned Cyprus about its own drilling activities to the south of the island and has been threatening since 2011, when Noble Energy discovered the 4....
Volume: 62Issue: 19Published at Fri, 10 May 2019 -
Syria: Oil Products Shortage Heightens Damascus ‘Post-War’ Challenges
...tbreak of war in 2011, and even with hostilities now at a relatively low ebb, economic hardships are continuing to take a massive toll. In particular, a shortage of oil products –gasoline, diesel, LPG and fuel oil – has triggered a nationwide crisis and the government in Damascus is scrambling to save fa...
Volume: 62Issue: 18Published at Fri, 03 May 2019 -
Battle For Tripoli Rages On
...far, no disruption has been reported. GREATEST THREAT In a meeting with GNA prime minister Fayez Sarraj, NOC head Mustafa Sanalla said oil and gas exports face their greatest threat since 2011. He also told the Financial Times on 11 April: “Unless the problem is solved very quickly, I am...
Volume: 62Issue: 15Published at Fri, 12 Apr 2019 -
Israel-Egypt Gas ‘By End-Q2’: Is This Realistic?
...URCE: NOBLE ENERGY, DELEK GROUP, MEES. ARBITRATION HURDLE The start of Israel-Egypt gas shipments also requires the resolution of a long-running legal dispute over Cairo halting of gas flows via the EMG to Israel in 2011 (MEES, 11 December 2015). In 2015, the Geneva-based International Ch...
Volume: 62Issue: 14Published at Fri, 05 Apr 2019 -
Lebanon Power Overhaul Gathers Pace
...e table 1) are crucial to boosting growth from the average 1.6% annual GDP growth since 2011. With the world’s third-highest debt-to-GDP ratio (150%), the government is otherwise broke and unable to break the low-investment low-growth cycle that has long plagued it, especially since the 2011 ou...
Volume: 62Issue: 11Published at Fri, 15 Mar 2019 -
Algeria’s Regime Under Threat
...volvement in day-to-day government is negligible. Protests against the regime are nothing new. Algerian citizens took to the streets in early 2011 against a backdrop of regime change in neighboring states. They did so again ahead of presidential elections in April 2014, when protestors chanted ‘Ba...
Volume: 62Issue: 10Published at Fri, 08 Mar 2019 -
Gulf Loses Patience With Sudan
...an 450,000 b/d prior to the secession of South Sudan to 115,000 b/d in late 2011 and has fallen further since. The government puts current production at between 70,000-75,000 b/d; even this is probably an overestimate, says Mr Elhaj. On 13 February the Sudanese pound fell to a record low of SP 83 to...
Volume: 62Issue: 08Published at Fri, 22 Feb 2019 -
Iran Exports: Korea Restart Amid French Euro-Hope
...17 *TURKEY DEC FIGURE is ESTIMATE BASED ON SHIPPING DATA AND REUTERS REPORTS. ^^FRANCE, AUSTRIA INCLUDED IN 'OTHER EU' FOR 2011, 2012. SOURCE: NATIONAL IMPORT STATISTICS, REUTERS, BLOOMBERG, MEES....
Volume: 62Issue: 07Published at Fri, 15 Feb 2019 -
IOCs ‘Exclude’ Libya From 2019 Plans
...6mn b/d by end-2019 – a level last reached before the 2011 revolution (see chart 1) – and ultimately 2.1mn b/d by 2021. But the outlook remains bleak. The central bank and internationally-recognized government based in Tripoli have yet to agree a 2019 budget, whilst the key 315,000 b/d-capacity El Sh...
Volume: 62Issue: 07Published at Fri, 15 Feb 2019 -
Sudan, South Sudan Claim Oil Production Boon, But How Much?
...OC), a consortium of China National Petroleum Corporation (CNPC), Malaysia’s Petronas and ONGC Videsh (all state-owned) and local firm Nilepet. Since South Sudan’s independence in July 2011, GPOC has been responsible for operating those parts of Blocks 1, 2 and 4 that lie south of the border with Su...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
Qatar 2018 Revenue Surge Finances Renewed Checkbook Diplomacy
...rch 2018 (MEES, 30 March 2018). Bilateral relations have been strong following since Qatar’s mediation in the Darfur conflict, which resulted in the 2011 Doha Document for Peace in Darfur. Qatar has of course spent lavishly over the years on sports in an attempt to garner international prestige. Th...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Iran: Exports Edge Up But Outlook Remains Bleak
...UTERS REPORTS. GREECE NOV18 FIGURE IS ALSO AN ESTIMATE. **BONDED STORAGE IN DALIAN, CHINA (ESTIMATES BASED ON DIFFERENCE BETWEEN SHIPPING ARRIVALS IN CHINA AND OFFICIAL CHINA IMPORT STATS). ^^FRANCE, AUSTRIA INCLUDED IN 'OTHER EU' FOR 2011, 2012. SOURCE: NATIONAL IMPORT STATISTICS, REUTERS, BLOOMBERG, ME...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Libya Halves 2018 Budget Deficit But Remains Hostage To Oil And Conflict
...Libya recorded its highest revenues in five years in 2018 on the back of a leap in oil prices and six-year high oil output. But it is no closer to exiting its now eight-year ‘transition’ to normality: its destiny, as always, remains tied to oil. Libya entered its revolutionary year of 2011...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Syria Eyes Post-Conflict Gas Gains, But Bottlenecks Loom Large
...asts considerable hydropower, though its current status remains unclear (see table). Along with massive territorial losses, the flight of key staff, and chronic shortages of gas and liquid fuel feedstock, this led power output to collapse by almost two-thirds between 2011 and 2016 (see chart). Bu...
Volume: 62Issue: 01Published at Fri, 04 Jan 2019 -
Assad In From The Cold As GCC Countries Hit The Road To Damascus
...The United Arab Emirates reopened its embassy in Damascus on 27 December – the strongest signal yet that Syrian President Bashar al-Assad’s GCC rivals have resigned themselves to reestablishing relations with the long-maligned leader. The UAE closed its embassy in 2011 as it cut ties with Da...
Volume: 62Issue: 01Published at Fri, 04 Jan 2019