- Sort by:
- Score
- Published ▼
-
Can Iraqi Kurdistan’s Bickering Factions Grasp Key Opportunities?
...ferendum in September 2017 which saw longstanding KRG president Masoud Barzani (KDP) resign – he still plays a major role behind the scenes – and Federal Iraqi forces retake large swaths of territory including key oil fields in Kirkuk (MEES, 10 November 2017). The crisis further eroded relations with Ba...
Volume: 62Issue: 10Published at Fri, 08 Mar 2019 -
Saudi Crown Prince’s Asian Tour: Lots Of Promises, Little Detail
...increasingly precarious dependence on Chinese debt. As for Saudi Arabia, the investments could guarantee access to a growing market for its crude oil. It provided 88,000 b/d of Pakistan’s 212,000 b/d oil imports in the 2017-18 financial year, behind only the UAE on 121,000 b/d (MEES, 9 No...
Volume: 62Issue: 08Published at Fri, 22 Feb 2019 -
Gulf Loses Patience With Sudan
...$1; a lack of banking liquidity is expected to bring further declines. Government plans to print more large-denomination banknotes have been thwarted by a lack of the right kind of paper. Gross international reserves in 2017 were just $1.1bn, providing less than two months of imports cover, according to th...
Volume: 62Issue: 08Published at Fri, 22 Feb 2019 -
Iran Exports: Korea Restart Amid French Euro-Hope
...gressive pricing. It has raised the Iran Light Mediterranean OSP by 25¢/B versus competing Saudi Arab Light over the past two months, though prices remain near record discounts (see p27). IMPORTS OF IRANIAN CRUDE & CONDENSATE ('000 B/D): VOLUMES EDGE UP IN DECEMBER; 2018 DOWN 580,000 B/D ON 2017...
Volume: 62Issue: 07Published at Fri, 15 Feb 2019 -
IOCs ‘Exclude’ Libya From 2019 Plans
...r them in 2018, with crude output hitting a five-year high of 220,000 b/d, up 80% on 2017 (see chart 2). Production could have been higher still if it wasn’t forced to temporarily halt production in June following attacks on export terminals (MEES, 29 June 2018). Part of the plans to double cr...
Volume: 62Issue: 07Published at Fri, 15 Feb 2019 -
Kuwait Oil Sector Risks Being Left Behind
...oduction capacity of 3.15mn b/d in its 2017-18 Annual Report, but the firm subsequently stated in December that capacity was languishing at just 3.0mn b/d. This was especially galling given that KOC had brought online 120,000 b/d of light oil from its Jurassic reserves between January 2018 (MEES, 19 Ja...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
Sudan, South Sudan Claim Oil Production Boon, But How Much?
...most all crude exports from the Sudans, gives no indication of an uptick in volumes. 2018 imports from South Sudan, at 68,000 b/d, were level with 2017, whilst numbers for both Q4 and December were below the 2018 average (see chart). In a broader context, any increase in crude production is a ma...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
Qatar 2018 Revenue Surge Finances Renewed Checkbook Diplomacy
...bargo. The Saudi-led embargo was imposed in June 2017 (MEES, 9 June 2017) and so 2018 was its first full calendar-year in force. Economic data shows that Qatar is comfortably weathering the storm, having rejigged a few trade routes to adjust to the new situation. Critical exports of LNG and oil have co...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Qatar’s Emir On Asian Tour
...pplier to Korea, which imported a record 14.3mn tons from the emirate in 2018. Korea is also Qatar’s largest buyer of the fuel (see p5). The potential downsides of Qatar supplying clients with its own LNG fleet was exposed in June 2017 when its neighbors (Saudi Arabia, Bahrain and the UAE) imposed an ec...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Lebanon’s ‘New’ Government Set For Uphill Battle
...d a consortium of Total (40%op), Eni (40%) and Russia’s Novatek (20%) was awarded two exploration blocks (MEES, 15 December 2017). One well, in Block 4, is expected to be drilled this year (MEES, 16 February 2018). The most recent stalemate has already pushed back a planned second bid round in...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Saudi Arabia Launches Latest Investment Drive
...0bn to the kingdom’s GDP by 2030. That amounts to 41% of 2018 GDP, which data for the first nine months of the year implies will be nearly $775bn. Certainly Saudi Arabia could do with an injection of economic growth. After the economy contracted 0.9% in 2017, it edged up by around 1.7% over the first ni...
Volume: 62Issue: 05Published at Fri, 01 Feb 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 -
KRG Poised For Another Bumper Oil Year In 2019
...Iraqi Kurdistan’s oil sector overcame immense challenges in 2018. It countered expectations to boost production by some 90,000 b/d, ending the year at around 420,000 b/d. Despite the loss of around 280,000 b/d production from the Bai Hassan and Avana Dome to federal forces in October 2017 (ME...
Volume: 62Issue: 03Published at Fri, 18 Jan 2019 -
Saudi, UAE Tighten Pakistan Links With Downstream Dollar Diplomacy
...tar, which supplied 84% of Pakistan’s 4.6mn tons 2017 LNG imports. Qatari exports to Pakistan are booming and hit an all time high of $640mn in 3Q 2018, up $240mn year-on-year. There is no sign of any slowdown either with vessel tracking showing that Qatar remains the dominant supplier as of early Ja...
Volume: 62Issue: 02Published at Fri, 11 Jan 2019 -
Syria Eyes Post-Conflict Gas Gains, But Bottlenecks Loom Large
...SHREEN IN EXCHANGE FOR ELECTRICITY AND WATER. CURRENT POWERGEN IS UNCLEAR. *EXPANSION OF EXISTING PLANT. SOURCE: MOE, SYRIA REPORT, MEES. SYRIA ELECTRICTY OUTPUT (TWH): TENTATIVE 2017 REBOUND AFTER 2013-16 COLLAPSE DUE TO DAMAGED POWERPLANTS AND FUEL SHORTAGES SOURCE: MOE, SYRIA RE...
Volume: 62Issue: 01Published at Fri, 04 Jan 2019 -
Assad In From The Cold As GCC Countries Hit The Road To Damascus
...construction (MEES, 22 December 2017), any participation would prove crucial – especially considering that Russia and Iran lack the cash Mr Assad needs (see p8). The future of Syria’s relations with the Gulf kingdoms also has interesting implications for the evolution of Riyadh’s foreign policy. Under the Cr...
Volume: 62Issue: 01Published at Fri, 04 Jan 2019 -
King Salman Asserts Authority In Saudi Reshuffle
...e turnaround for Mr Assaf who was sacked as finance minister in October 2016. He was subsequently caught up in the infamous anti-corruption purge instigated by the Crown Prince in 2017 and detained at the Riyadh Ritz-Carlton. The new foreign minister’s key task will be to burnish the kingdom’s re...
Volume: 62Issue: 01Published at Fri, 04 Jan 2019 -
Qatar Shines Spotlight On OPEC Divisions As It Ends 57-Year Membership
...mbership. QATAR OIL & GAS INFRASTRUCTURE QATAR NOVEMBER OIL EXPORTS: CONDENSATE ACCOUNTS FOR 30% OF THE TOTAL ('000 B/D) SAUDI SCHISM This week’s Opec meeting was held 18 months and a day after the instigation of the Saudi-led blockade against Qatar on 5 June 2017...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Jordan Energy Goals Remain Hostage To Geography
...xt to zero oil and gas resources, the Hashemite kingdom relies on costly imports for 95% of its energy consumption—a further burden on the country’s stagnant economy. Energy imports cost Jordan $3.42bn (JD 2.45bn) in 2017 up 26% from 2016, and with spending on oil imports alone up 43% for the fi...
Volume: 61Issue: 48Published at Fri, 30 Nov 2018