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Saudi Arabia Gas: New Facilities, Greater Flexibility
...ming years, with work underway to add substantial gains through a mix of associated and non-associated gas processing capacity. First up is the Hawiyah Gas Plant Expansion Project. Contracts were awarded in 2017 to add 1.07bn cfd processing capacity, which will bring capacity up to 3.86bn cfd by Ju...
Volume: 63Issue: 26Published at Fri, 26 Jun 2020 -
Lebanon-IMF Talks Stall As Economy Deteriorates
...vernment. Saudi Crown Prince Muhmmad bin Salman has largely steered clear of Lebanon following the alleged kidnapping of former PM Saad al-Hariri in 2017 (MEES, 24 November 2017). Just this week, Emirati minister of state for foreign affairs Anwar Gargash told CNBC that “If we see some of our friends, ma...
Volume: 63Issue: 26Published at Fri, 26 Jun 2020 -
Ecomar Thinks Big After Fujairah Refinery Start-Up
...vernment in 2007. Germany’s Uniper reached commercial operation of a 67,000 b/d refinery in 2017 (see map). Two plans to build refineries at Fujairah came to nothing. Former Abu Dhabi investment house IPIC abandoned a planned 200,000 b/d conventional refinery in 2016, before its merger with Mubadala (ME...
Volume: 63Issue: 26Published at Fri, 26 Jun 2020 -
Tunisians Demand Oil Jobs
...Protestors clashed with police in Tunisia’s southern Tataouine province this week demanding the government hand jobs to the unemployed in the region’s oil industry. In 2017 protestors blocked the region’s main pipeline at Kamour, shutting in all oil and gas output from Tataouine and Ke...
Volume: 63Issue: 26Published at Fri, 26 Jun 2020 -
Israel Offers Exploration Block
...y award will be for an initial three years, with two potential two-year extensions each carrying a one-well drilling commitment. Israel’s previous two bid rounds launched in 2017 and 2018 failed to attract any big names with the most recent awards, finalized late last year, awarding two co...
Volume: 63Issue: 26Published at Fri, 26 Jun 2020 -
Key Saudi Gas Plant Fully Operational
...duces the impact of Opec production cuts on gas output. Overall, Saudi Aramco has brought more than 5bn cfd of non-associated gas processing capacity online since 2016. As well as the 2.5bn cfd Fadhili plant, the 75mn cfd Midyan plant was commissioned in 2017, while the 2.5bn cfd Wasit plant came on...
Volume: 63Issue: 25Published at Fri, 19 Jun 2020 -
US Shale: Record Fall In May, Is This The Bottom?
...003mn b/d is down just 33,000 b/d from May. July is forecast fractionally lower, at 998,000 b/d which would be the first time below 1mn b/d for Bakken output since January 2017. These figures are substantially higher than those given by state energy regulator Lynn Helms. Speaking on 12 June Mr Helms sa...
Volume: 63Issue: 25Published at Fri, 19 Jun 2020 -
Yemen: Political Standoff, Oil Sector Stability
...men’s current output. Volumes are piped to a 3.5mn barrel storage terminal at Ash Shihr, with export sales via tender. Trading giant Glencore emerged as an early buyer (MEES, 15 September 2017), but various other entities have emerged as takers since, with 2mn barrel cargoes lifted every 50 days or so...
Volume: 63Issue: 25Published at Fri, 19 Jun 2020 -
Saudi Awards Eyed As US Approves Funding Of Foreign Nuclear Power
...oject off the ground (MEES, 15 December 2017). SECURITY CONCERNS The DFC’s move to lift the ban on US state funding for overseas nuclear investment follows the March 2019 approval by the Trump administration of applications by six unnamed US firms to undertake preliminary work on Sa...
Volume: 63Issue: 25Published at Fri, 19 Jun 2020 -
Iraq Fights For Survival Amid Growing Pressure To Slash Oil Output
...severe underinvestment. Iraq is certainly in dire need of revenues, and as last year’s protests showed, the state of social services is a life-or-death matter (MEES, 8 November 2019). On the other hand, Iraq’s situation did improve considerably over 2017-19, with oil revenues up and the Is...
Volume: 63Issue: 24Published at Fri, 12 Jun 2020 -
New Iraqi Oil Minister Inherits A Sector In Flux
...mense challenges facing the country. 46-year-old Ihsan Ismaael takes over as Oil Minister replacing the veteran Thamir Ghadhban, and looks to be a strong choice to oversee Iraq’s all-important oil and gas industry. As former Basra Oil Company (BOC) Director General (2017-2020), Mr Ismaael was a cl...
Volume: 63Issue: 24Published at Fri, 12 Jun 2020 -
China Bags Record Imports With Saudi Surge
...raight months of zero loadings, some 340,000 tons (five cargoes) sailed for China in March, rising to 472,000 tons (seven cargoes) in April, with the latter level with the previous record set in October 2017. Indeed, China was the top overall destination for US LNG exports in April for the first time si...
Volume: 63Issue: 24Published at Fri, 12 Jun 2020 -
Saudi Oil Exports Back On Top
...opping to 7.29mn b/d, the lowest since 2017. It seems likely that the deep June production cuts Saudi Arabia is implementing will push the kingdom’s exports below the US this month, but over the course of Q2 as a whole Saudi Arabia ought to easily stay ahead of the chasing pack. SAUDI ARABIA OV...
Volume: 63Issue: 24Published at Fri, 12 Jun 2020 -
World Bank Forecasts 2020 GDP Collapse: World -5.2%; Saudi -3.8%; Iraq -9.7%
...th -6.3% growth. Should these forecasts come to pass then Beirut will be left by end-2021 controlling an economy some 23% smaller in real terms than it had in 2017. The World Bank acknowledges that though it is forecasting a return to growth almost across the board for 2021 (it forecasts +4.2% for th...
Volume: 63Issue: 24Published at Fri, 12 Jun 2020 -
Egypt Inks New IMF Program, Hikes Power Prices
...TERNATIONAL RESERVES DOWN ALMOST $10BN (21%) OVER LAST THREE MONTHS TO LOWEST SINCE 2017 ($BN) SOURCE: CBE. SUBSIDY EXTENSION Although subsidies on oil products have been largely removed, with Cairo implementing an automatic pricing mechanism since September last year, the pl...
Volume: 63Issue: 24Published at Fri, 12 Jun 2020 -
Qatar Signs Record-Breaking Deal For LNG Tankers
...ney to be able to do that,” Mr Kaabi told MEES in 2017 (MEES, 8 December 2017). This week’s agreements were with Korea’s Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries (HHI), and Samsung Heavy Industries (SHI). QP says the three “will reserve a major portion of their LNG sh...
Volume: 63Issue: 23Published at Fri, 05 Jun 2020 -
Turkey Slashes Piped Gas Imports For Cheap LNG
...sentially similar to that of Qatar in East Asia. Russia has been reluctant to cut prices in its core markets but as a result has given up market share. Russia had a market share above 50% in Turkey for every year except one between the 2004 start-up of the Blue Stream sub-Black Sea pipeline and 2017. But 20...
Volume: 63Issue: 23Published at Fri, 05 Jun 2020 -
Aramco Exits Indonesia’s Cilacap Refining Project, Nears Reliance Deal
...tals conglomerate Sabic, to help fund Riyadh’s Vision 2030 economic transformation. This deal is expected to complete by the end of June (MEES, 15 May). ARAMCO OVERSEAS DOWNSTREAM U/C = UNDER CONSTRUCTION *MOTIVA JV WITH SHELL SPLIT Q2 2017. **SITE CHANGED FROM RATNAGIRI. ^ORIGINALLY CA...
Volume: 63Issue: 23Published at Fri, 05 Jun 2020 -
Dubai Solar Capacity Tops 1GW
...8MW. This too is delayed, missing a first half 2019 start-up target (MEES, 2 June 2017). Germany’s Siemens and Egypt’s Elsewedy meanwhile were awarded a contract to build the 815MW fourth phase of the H-Station plant at Al Aweer, east of Dubai city, but this too has missed its intended in March-Ap...
Volume: 63Issue: 23Published at Fri, 05 Jun 2020 -
Bahrain In Talks With Neighbors Over GCC Gas Grid
...xt month, no expansion here is viable for the foreseeable future. Saudi Arabia was in fact in talks with Qatar over potential gas imports before the embargo began in June 2017 (MEES, 8 December 2017). That option is now gone, but energy ministers from Bahrain, Saudi Arabia and the UAE have all ra...
Volume: 63Issue: 22Published at Fri, 29 May 2020