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UAE Certifies Reactor Operators
...NR awarding Nawah a license to start-up the delayed Barakah-1 unit. This was scheduled for start-up in 2017 and is mechanically complete but awaiting the insertion of fuel rods for trial operations. Three similar plants are nearing completion. FANR cannot provide Nawah with an operating license un...
Volume: 62Issue: 28Published at Fri, 12 Jul 2019 -
DP World Buys Services Firm
...re Caspian Sea market but also in the Mena region and West Africa. DP World itself was the subject of the Gulf’s largest ever IPO, after the Dubai government floated 19.55% on the Dubai exchange in 2007. This raised $4.22bn to value the company at $21.58bn. Among the largest Gulf IPOs since are 2017...
Volume: 62Issue: 27Published at Fri, 05 Jul 2019 -
Exxon, Total Expand In Med
...Total (40% operator), ExxonMobil (40%) and Greece’s state Hellenic Petroleum (20%), have finally put pen to paper with Athens to take two deepwater offshore blocks, covering a total area of 39,926km², to the west and southwest of Crete. The award was initially made in 2017 but crippling Greek bu...
Volume: 62Issue: 26Published at Fri, 28 Jun 2019 -
Qatar: Long-Delayed Barzan Gas Approaches Start-Up
...shed startup well beyond the initially planned 2014 (MEES, 12 October 2012). Mr Kaabi told MEES in late 2017 that the latest delays were “because we have had issues with the pipeline. That is not a secret. The contractor did not perform as well as we wanted them to…we are proceeding to rectify the is...
Volume: 62Issue: 26Published at Fri, 28 Jun 2019 -
Yemen Crude Reaches Europe
...The Marshall Islands-flagged British Eagle offloaded some 400,000 barrels of Yemeni crude at Italy’s Trieste port this week. While Italy has proven Yemen’s sole European customer since war erupted in 2015 (MEES, 15 September 2017), this may not prove the final destination. Trieste also su...
Volume: 62Issue: 25Published at Fri, 21 Jun 2019 -
Oman Nears ‘Sin Tax’ Startup
...abia was the first to impose excise taxes in June 2017 (MEES, 2 June 2017), followed by the UAE in October 2017 (MEES, 6 October 2017) and Bahrain at the end of 2017. Qatar followed suit in January 2019, but Kuwait has yet to announce a date to impose excise taxes. Though the GCC is looking in...
Volume: 62Issue: 23Published at Fri, 07 Jun 2019 -
Israel Extends Bidding
...ich took five blocks, while a consortium of Indian firms led by state giant ONGC Videsh took one (MEES, 24 November 2017). Israel hopes that, having purchased a data package, US major ExxonMobil will be the breakthrough entrant in the latest bidding (MEES, 15 March)....
Volume: 62Issue: 23Published at Fri, 07 Jun 2019 -
Egypt: 1.5GW Power Awards
...0MW. MHPC says the upgrades will increase output, improve efficiency and reduce downtime at the plants. The upgraded plants are expected to begin operating in the first half of 2021. MHPS also says it this month completed an upgrade of the 1.5GW Cairo North CCGT under a contract awarded in August 2017...
Volume: 62Issue: 22Published at Fri, 31 May 2019 -
Korea’s Hyundai Signs Up To $2.45bn Iraq Seawater Project
...sra’s oil fields to boost production. While not yet finalized, this is a major step forward for a project that has struggled to get off the starting line, with Baghdad initially hoping for 2017 start up (MEES, 7 June 2013). Talks are ongoing with ExxonMobil and PetroChina for the South Iraq In...
Volume: 62Issue: 21Published at Fri, 24 May 2019 -
Petroceltic Renamed Sunny Hill
...ES, 8 April 2016). The firm’s key asset is the 3.5bcm/y Ain Tsila project in Algeria, where start-up is scheduled for 2022 (MEES, 15 March). Its other North Africa assets are in Egypt where it produced 79.8mn cfd of gas from three concessions in the onshore Nile Delta in 2017. The firm is also em...
Volume: 62Issue: 21Published at Fri, 24 May 2019 -
Sonatrach Goes West
...servoir but without disclosing further details. Such opportunities may be a long time coming given that Tindouf is over 500km from the nearest producing gas field, Reggane, which entered service at the end of 2017. ...
Volume: 62Issue: 21Published at Fri, 24 May 2019 -
Libya: Security Situation Worsens
...most 20,000 b/d for Q1, up from 2018’s 7,600 b/d and 2017’s 12,100 b/d. While there was no damage to the Zella field or its facilities, the assault highlights the security challenges facing Libya’s lifeline oil sector. It also comes on the back of a 29 April rocket attack on the frequently shut-in 30...
Volume: 62Issue: 21Published at Fri, 24 May 2019 -
Rosneft Begins Pilot Production in Iraqi Kurdistan
...Russia’s Rosneft announced in its Q1 results this week that “experimental production started at the Bijeel field at Block 11.” This is one of the five blocks that the state-led firm signed up to in Iraqi Kurdistan in 2017 (MEES, 16 June 2017). Bijeel has production facilities with capacity of...
Volume: 62Issue: 20Published at Fri, 17 May 2019 -
Syria To Lease Tartous Port To Russia
...Damascus is set to lease Tartous seaport on the Mediterranean to Russia for 49 years, Russia’s deputy prime minister said following a meeting with Syrian President Bashar al-Assad, Russia’s TASS reported this week. The 49-year lease for “economic uses” follows a 2017 deal that saw Moscow ba...
Volume: 62Issue: 17Published at Fri, 26 Apr 2019 -
KRG: Shewashan Production Suspended
...oducing a mere 1,000 b/d last year before production was halted altogether. The main culprit was water-cut issues which also saw output phenomenally collapse at nearby Taq Taq (MEES, 31 March 2017). Despite the disappointing news, the KRG’s recovering oil sector has cause for considerably optimism: MEES fo...
Volume: 62Issue: 17Published at Fri, 26 Apr 2019 -
Israel Contracts Ge For Power Plant Upgrade
...ectricity in 2018 compared with 54% in 2017. US independent Noble Energy is expected to bring the Leviathan field online in the fourth quarter this year, while Greece’s Energean is due to start up output from the Karish field in Q1 2021 (see p3): both are keen to ink more sales deals....
Volume: 62Issue: 16Published at Fri, 19 Apr 2019 -
Tunisia Clinches Imf Loan Deal
...shington DC where the government and IMF staff agreed on steps to ensure that the “budget deficit target of 3.9% of GDP (before grants) for 2019 can be met to contain the high debt and elevated financing needs.” In 2018 the fiscal-deficit-to-GDP came in at an estimated 4.6%, down from 5.9% in 2017. Facing su...
Volume: 62Issue: 16Published at Fri, 19 Apr 2019 -
More Debt For Jordan’s Nepco
...e country’s practice of heavily subsidizing electricity, most of which is generated through gas imports. MEES estimates Jordan’s total spending on energy in 2018 exceeded $5bn, up from $3.42bn in 2017 (MEES, 30 November 2018). In December Nepco signed a $265mn concessionary loan with the EBRD to re...
Volume: 62Issue: 16Published at Fri, 19 Apr 2019 -
Genel Modest Taq Taq Rewards
...Anglo-Turkish firm Genel announced this week that output from its Taq Taq field in Iraqi Kurdistan had risen to 15,500 b/d. The firm has completed the TT-20z well on the license’s north-western flank which is producing at 2,000 b/d, boosting the field’s output to its highest level since June 2017...
Volume: 62Issue: 15Published at Fri, 12 Apr 2019 -
Exxon Eyes Israel’s Leviathan
...velopment Eni-operated 3.4mn t/y Coral FLNG project where it took 25% in December 2017. Although it is not operator the firm assumed responsibility for all midstream operations in the project. Exxon has been rapidly expanding its interests in the East Mediterranean. It announced the Glaucus discovery of...
Volume: 62Issue: 15Published at Fri, 12 Apr 2019