- Sort by:
- Score
- Published ▼
-
Saudi Eyes Options For Slashing Oil Burning In Power Plants
...The Saudi energy minister’s ambitious plan to vastly reduce the burning of liquids fuels in power plants is a big ask. Can it be done? Saudi Arabia burned just over 900,000 b/d of liquid fuels in its power plants last year, down 7% from the 2017 record (see chart). The volumes involved in...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Repdo Tenders 1.5gw Of Solar
...Sakaka. The Qurayyat project in the current offering will be built further northeast, near the border with Jordan. The Rafha project in the new tender was previously offered in a tender that was canceled in March 2017 (MEES, 18 January). NEW SAUDI SOLAR TENDER SOURCE: REPDO....
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
IMF To Kuwait: Cut Public Wage Bill, Boost Private Sector, Lessen Oil Dependence
...lf monarchies, Kuwait has talked a good game on the need to diversify its economy and increase the role of the private sector. But, as the IMF makes clear, achieving this necessitates reducing the relative attractiveness of public sector employment. Kuwait’s finances improved considerably in 2017 and 20...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Jordan Plans Tax Hike To Cover Planned 2019 Deficit
...ministration made a big deal of its increased assistance to Jordan, but Mr Trump himself is a wild card and King Abdullah’s opposition to the US recognition of Jerusalem as Israel’s capital in late 2017 increased bilateral tensions. Meanwhile, in the Gulf, Saudi Crown Prince Muhammad bin Salman has also pl...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Genel: Kurdish Gas Reprieve
...adline for the Miran GLA is now 31 May. Both were set to expire in February, having already been extended from the initial February 2018 deadline (MEES, 17 February 2017). Genel claims combined “gross mean” gas reserves of 11.4tcf. Conditions included “execution of final agreements on the midstream ga...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Japan: Top Saudi Buyer, For Now
...08. Saudi is far and away number one supplier with 1.164mn b/d, 38.1% of the total, for 2018 (see data, pXX). But 2018 will likely mark the last year for which Japan is Saudi Arabia’s top customer. Japan’s lead over China shrank from 250,000 b/d for 2017 to a mere 29,000 b/d for 2018. China was al...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Libya’s NOC Cuts Gas To Fertilizer Plant
...ra (50%), NOC (25%) and Libyan Investment Authority (25% - MEES, 16 February 2009), hasn’t made a profit since the 2011 Libyan revolution and has racked up a combined $234mn in loses up to 2016 according to Yara annual reports - no figure was given for 2017. Yara wrote down $112mn of its investment in 20...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Sharjah Signs Up For 1.8gw CCGT
...its, the first of which is scheduled to begin commercial operation in May 2021. Sewa’s current 2.77GW of capacity in gas and diesel fueled power plants is unable to meet demand, requiring imports from Abu Dhabi that amounted to 6.93THh at levels up to a peak of 1.3GW in 2017. Sewa’s move follows the fo...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Aramco Advances Crude-To-Petchems Plans
...lly formalized or the planned takeover of Sabic by Aramco is completed. Separately Sabic filed a US patent application for a crude to chemicals concept involving existing refinery units and a cracker (MEES, 1 December 2017). The plant will have capacity to process 400,000 b/d of Saudi crude to pr...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
GCC Gas Integration: More Than Just A Pipe Dream?
...rough a 2bn cfd pipeline. Flows have continued despite the onset of the Qatar embargo in June 2017, with Dolphin reporting exports of 2bn cfd in 2017 (MEES, 9 June 2018). Rates have stayed flat in 2018. The rationale for gas integration has long been clear. Qatar and Oman aside, the GCC countries have fa...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Genel Farm-In Boosts Development Prospects At Chevron KRG Blocks
...0,000 b/d Tawke license (DNO 75%op, Genel 25%) has fared better. In Chevron, Genel gains a world class partner whose technical expertise could perhaps help avoid geology-related declines that have previously plagued Genel (MEES, 31 March 2017). “We are delighted to have been chosen as a partner to Ch...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Baghdad: KRG Budget Overture
...Iraq’s 2019 budget, passed by parliament 24 January, formalized the central government’s payments to KRG state workers and Peshmerga forces, further affirming the thawing relations between Baghdad and Erbil after the KRG’s ill-fated 2017 independence referendum (MEES, 29 September 2017). “Th...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Bahrain Looks To Parlay Upstream Potential Into Downstream Riches
...an leads the way with its 1bn cfd BP-operated Khazzan tight gas field (MEES, 29 September 2017). Meanwhile, Abu Dhabi awarded Total a contract to develop the Ruwais-Diyab unconventional gas concession in November 2018 (MEES, 23 November 2018). Most pertinently, Saudi Arabia is developing the nearby Ja...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Bahrain’s Grand Ambitions: MEES Speaks With Oil Minister Muhammad Al Khalifa
...w into this formation. We flowed oil in 2017, this is the oil we flowed, from the first test well. Now we are drilling wells to put them on an extended flow test and that data we’ll collect and put in a data room and invite international companies to have a look. Hopefully it becomes cost co...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Saudi: Pre-Deal Deja-Vu With Output, Export Records
...evious Opec output deal, when Saudi Arabia exported 8.258mn b/d (MEES, 20 January 2017). Going much further back, the only other month to top this was May 2003 (8.344mn b/d) when Saudi massively drew down stocks to boost exports to compensate for the loss of Iraqi volumes with the US invasion. *Of...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Thailand Crude Imports: Abu Dhabi Cements Top Spot
...d crude imports growing 7.4% to top 1.1mn b/d for 2018, Thailand is at the top of the second tier. The UAE (effectively Abu Dhabi) cemented its position as top crude supplier to Thailand in 2018. Average volumes of 361,000 b/d were up 14.5% on 2017 though still down on 2013’s record 44...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Iran: Exports Edge Up But Outlook Remains Bleak
...port data as the only reliable source of numbers – and by definition such data does not cover bonded storage. IMPORTS OF IRANIAN CRUDE & CONDENSATE ('000 B/D): VOLUMES EDGE UP IN DECEMBER; 2018 DOWN 580,000 B/D ON 2017 *INDIA & TURKEY DEC FIGURES ARE ESTIMATES BASED ON SHIPPING DATA AND RE...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Libya Halves 2018 Budget Deficit But Remains Hostage To Oil And Conflict
....5% is factored in. Of this, oil and gas income accounted for a massive 93%, a five year high: any semblance of economic diversification is a long way off (see table). Non-oil revenues came in at a puny LD2.4bn, not only a whopping 56% lower than the figure projected in the budget but 23% down on 2017...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Oman Smashes Records In 2018 With Refining and Gas Push
...om 171,000 b/d in 2017 to 220,000 b/d in the last nine months of 2018 and increasing crude refining capacity from 116,000 b/d to 198,000 b/d. State refiner Orpic announced technical completion in 2017 after years of delay (MEES, 17 February 2017) with a 1Q 2018 ramp up (see chart 1). The upgrade at So...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Mena Nuclear Power Plans Lose Their Glow
...Ruwais, is not expected before the end of 2019. “Nuclear is coming, but there will be a delay,” he announced earlier this month. State nuclear firm Enec originally intended to bring the four 1.4GW Barakah reactors online at yearly intervals over 2017-20. But state nuclear regulator FANR will no...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019