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Sudan’s Upstream Oil & Energy Sector: Investors Sought But IOCs Remain Cautious
...gure at 45% in 2014), with hydropower and oil burning accounting for almost all of the country’s installed capacity (see below). In a 27 November speech Mr Osman flagged up increasing capture of associated gas and pursuing a program to exploit non-associated gas reserves as a priority. But, wi...
Volume: 61Issue: 11Published at Fri, 16 Mar 2018 -
Iraq’s Politicized 2018 Budget Aims To Slash Deficit
...ached this would likely only be implemented in the second half of the year (MEES, 2 March). Iraq is banking on an $8.1bn revenue gain (9.5% in real terms) over 2017’s revised budget expectation as it struggles to rein in the double digit deficits it has routinely posted since 2014’s oil price crash. Oi...
Volume: 61Issue: 10Published at Fri, 09 Mar 2018 -
Middle East Adjusts To Trump’s Foreign Aid Game
...e 1978 Camp David accords, the US has given Egypt an average of $1.6bn/year in foreign aid, with the lion’s share, an average of $1.3bn going to the Egyptian military. The US slashed aid to Egypt by $1.4bn in 2014 following the coup d’état carried out against Muhammad Mursi’s democratically elected go...
Volume: 61Issue: 09Published at Fri, 02 Mar 2018 -
‘The New Tunisia’: A Work In Progress
...wn in recent days. Revenue from tourism has collapsed as instability has increased post-revolution. Foreign investment has nosedived. As a net energy importer, Tunisia should in theory have benefited from the fall in oil and gas prices from late 2014. However the collapse in the country’s own pr...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
World Bank Oil Funding Ban To Hit Egypt Hard
...x blocks, a further two in the Gulf of Suez and the South Disouq block in the onshore Nile Delta. Its most recent awards came in 2014, with the North and South El Baraka blocks on the western shore of the Nile following state oil firm EGPC’s Upper (southern) Egypt arm Ganope’s bid round. EF...
Volume: 60Issue: 50Published at Fri, 15 Dec 2017 -
Libya’s Waha Ramps Up Output To 260,000 b/d But Challenges Lie Ahead
...6,000 b/d of crude. At the time this was the highest level since late 2014, when it was sustained only briefly. Marathon (16.33%) is one of three US firms in the WOC venture alongside ConocoPhillips (16.33%) and Hess (8.16%). State-owned National Oil Corporation (NOC) has the largest share in the company (59...
Volume: 60Issue: 48Published at Fri, 01 Dec 2017 -
Kuwaiti Government Resigns As Political Dysfunction Grows
...16 1Q17 2Q16 2016 vs 15 2015 2014 2013 Ex...
Volume: 60Issue: 44Published at Fri, 03 Nov 2017 -
Divergent Saudi-Emirati Aims Further Complicate Yemen Conflict
...yadh. The alliance seized Yemen’s capital San’a in September 2014. Saudi Arabia’s strategy has been to divide the Houthis and Mr Salih’s General People’s Congress (GPC) and return President ‘Abd Rabbu Mansur Hadi to power; he has largely been in exile in Riyadh since 2015, returning only sp...
Volume: 60Issue: 43Published at Fri, 27 Oct 2017 -
Iraq’s Kirkuk Deployment Reshapes KRG’s Oil Sector
...rkuk in the process. Iraq capitalized on the Kurdish gamble, reclaiming areas seized by the KRG in 2014 with stunning decisiveness, and indeed pushing further into KRG territory. The KRG is now diminished territorially, politically and economically. It may yet recover, but it looks set to be a long and to...
Volume: 60Issue: 42Published at Fri, 20 Oct 2017 -
KRG: Russian Oil Firms Ensure Kremlin’s Tacit Support
...-open the Kirkuk-Ceyhan crude pipeline, out of action since IS overran large swathes of northern Iraq in 2014. The announcement looks to be bravado aimed at showcasing Iraq’s efforts to enforce sovereignty over Kurdistan: a daunting array of political and economic obstacles make it unlikely to be re...
Volume: 60Issue: 41Published at Fri, 13 Oct 2017 -
Libya: Another ‘Historic’ Opportunity For Peace
...ris Johnson and Italian interior minister Marco Minniti. In the past, each round of talks has seen a different configuration of political and military leaders deemed central to moving Libya forward from the latest impasse – whether it be the country’s administrative split into two in September 2014...
Volume: 60Issue: 40Published at Fri, 06 Oct 2017 -
KRG’s Troubled Waters
...0 B/D) 2017* vs 2016* 2014 2015 Tawke 111.0 3....
Volume: 60Issue: 39Published at Fri, 29 Sep 2017 -
Iraq Hopes For IPSA Pipeline Access With Riyadh Rapprochement
...rkuk-Ceyhan pipeline) has been out of action since the IS advances of 2014. But July’s liberation of Mosul could result in Baghdad opting to repair this export link too. Talks have also been held with Iran over constructing a pipeline to export oil from Kirkuk via Iran. But this looks unlikely to be...
Volume: 60Issue: 35Published at Fri, 01 Sep 2017 -
Algeria PM Sacked As Tebboune Bites Off More Than He’s Allowed
...habilitated leader of parliament’s second-largest party, the RND, Mr Ouyahia has been on the rise since he was appointed director of the president’s cabinet in March 2014. In June 2015 the RND appointed Mr Ouyahia interim secretary-general, a post he had resigned in January 2013, and in May 2016 the ap...
Volume: 60Issue: 34Published at Fri, 25 Aug 2017 -
Libya Looks To Corral IOCs Into Activity Boost
...en shut in for more than two years due to a combination of security concerns, infrastructure damage and a lack of a route to market. The 250,000 b/d Ras Lanuf export terminal on the Sirte basin coast re-opened in September 2016 having stopped exporting in December 2014. The nearby Es Sider terminal, wi...
Volume: 60Issue: 30Published at Fri, 28 Jul 2017 -
Saudi Crude Exports Lowest Since 2014 As Oil Burning Ramps Up
...Saudi crude oil exports averaged 6.924mn b/d in May, their lowest level since October 2014 and down 82,000 b/d from April. This comes as crude burning rose by 180,000 b/d to 604,000 b/d in line with seasonal trends (see below for full data). With burning set to have risen further in June an...
Volume: 60Issue: 29Published at Fri, 21 Jul 2017 -
Cyprus: Total Spuds Key Wildcat As Unification Talks Collapse
...rrying out the exploration have been a regular occurrence (MEES, 24 October 2014), on this occasion they have been given extra spice by the breakdown in re-unification talks only days earlier. “It is impossible to appreciate that some energy companies are acting with, and becoming part of some ir...
Volume: 60Issue: 28Published at Fri, 14 Jul 2017 -
Qatar’s Hydrocarbon Politics Sends Message to Saudi Arabia, UAE
...mpetition from Australia, and more gradually the US (MEES, 23 December 2016). Although market share in Asia rebounded slightly last year, volumes are still down 2mn tons on 2014. The biggest fall was in Europe, where volumes were down 3.2mn tons annually. The biggest drop off was from the UK, which opted to in...
Volume: 60Issue: 26Published at Fri, 30 Jun 2017 -
Tunisia: Oil Blockades Ease But Costs Keep Rising
...so sharply down, and imports up, lower prices mean that Tunisia is receiving three times as much gas from Algeria in lieu of transit payments than in 2014; so paid-for volumes (also from Algeria) are down (see charts 2 & 3). Tunisia’s oil production was already down 6% at 44,300 b/d for the fi...
Volume: 60Issue: 25Published at Fri, 23 Jun 2017 -
Erbil Plays Russian Roulette With Independence Vote
...ashpoints such as Kirkuk, Sinjar, Khanaqin and Makhmour will all be participating. The exact delineation of the areas which will vote has yet to be confirmed, but Kurdish peshmerga have held large swathes of disputed territories against the Islamic State since 2014, enabling de facto control for Erbil. Re...
Volume: 60Issue: 24Published at Fri, 16 Jun 2017