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Qatar Brokers Israel-Gaza Gas Supply Deal
...d around 30MW from Egypt, but still suffers from between eight to twelve hours of blackouts every day. The World Bank, in a 2017 report, estimates the cost of diesel-fired generation at the plant at approximately $0.30/kWh. Switching to gas-fired generation could “slash costs to $0.068/kWh,” the Wo...
Volume: 64Issue: 07Published at Fri, 19 Feb 2021 -
Israel 2020 Gas Output, Exports At Record Levels
...gan two weeks later (MEES, 17 January 2020). Jordan has imported gas from Israel since 2017. But until the start-up of Leviathan sales had consisted solely of modest Tamar volumes of around 20mn cfd to industrial customers on the Dead Sea. The game changer was Jordan state power firm Nepco’s 20...
Volume: 64Issue: 07Published at Fri, 19 Feb 2021 -
Iraq Struggles To Find Developers For Mansuriya Gas Field
...erating on a feedstock of diesel and heavy fuel oil. Iraq’s notorious practice of fuel switching due to gas shortages reduces efficiency and increases maintenance requirements (MEES, 12 February). In 2017, GE restored 90% of the power station’s generation capacity after large parts of the site had be...
Volume: 64Issue: 07Published at Fri, 19 Feb 2021 -
Saudi Arabia’s Oil Sector In 2020: Assessing A Tumultuous Year
...amco began ramping up operations at the 400,000 b/d Yasref JV refinery in 2015 (MEES, 9 January 2015). Domestically, demand for refined products had already been trending down after peaking in 2017 due in large part to the reduction of subsidies on gasoline and diesel in recent years. Gasoline de...
Volume: 64Issue: 07Published at Fri, 19 Feb 2021 -
Saudi Arabia’s Regional HQ Ultimatum Raises Eyebrows
...e first FII back in 2017 was designed to facilitate (MEES, 27 October 2017). Yet while the biggest corporate names have often flocked to FII, many have merely paid lip service to future investments in the kingdom, while instead seeking to themselves secure investments from Riyadh. Many of those fi...
Volume: 64Issue: 07Published at Fri, 19 Feb 2021 -
Oman’s Majan: Heavy Challenge At Block 71
...tput (MEES, 7 December 2018). PDO discovered the field in the 1980s but failed to develop it, instead attempting to attract a potential developer in 2017 to no avail. Has Majan the tools to crack Habhab? While the field contains an estimated 2bn+ barrels in reserves, its sub-10°API bituminous crude wi...
Volume: 64Issue: 06Published at Fri, 12 Feb 2021 -
Sweden’s Tethys Eyes Big Year Ahead In Fashionable Oman
...nerated to snap up three exploration blocks since 2017 and says that its acreage now covers 18% of Oman. Oman’s upstream sector is undergoing a renaissance, with IOC interest in the sultanate growing tremendously since BP started up the Khazzan tight gas field in 2017 (MEES, 29 September 2017). Tethys Ma...
Volume: 64Issue: 06Published at Fri, 12 Feb 2021 -
Algeria: BP/Equinor Drop
...eadily declined since a $700mn compression project saw volumes hit a record 815mn cfd in 2017. Unfortunately, there wasn’t much of a Q4 rebound for In Amenas where volumes on a quarterly basis in 2020 have stayed somewhat steady. This suggests the overall slump is likely to be structural. 1: IN...
Volume: 64Issue: 06Published at Fri, 12 Feb 2021 -
Egypt's 2020 Gas Output Down 9% On Enforced Shut-Ins. Now For The Rebound?
...quefaction plants, ties in with their desire for upstream projects that can provide a rapid return on investment (see p12). Eni repeatedly flagged up such benefits for Zohr, which came online just 28 months after the field’s August 2015 discovery (MEES, 15 December 2017), and whose price tag of $10.6bn is...
Volume: 64Issue: 06Published at Fri, 12 Feb 2021 -
KRG: DNO Buys Out Exxon At Baeshiqa, Eyes Development
...rformance in recent years – growing year-on-year output since 2018 – the gains have all been from expansion at existing fields. Until Chevron brought the 20,000 b/d Sarta field online in late 2020 (MEES, 22 January), there had been no greenfield startups since 2017’s Peshkabir and Atrush. But good news th...
Volume: 64Issue: 06Published at Fri, 12 Feb 2021 -
Iraq Mulls Power Sell-Offs Amid Cash Crunch, Pre-Election Rivalry
...rliamentary elections planned in October. Kar’s most prominent role is as operator of the 160,000 b/d Khurmala Dome of the Kirkuk field in Iraq’s autonomous Kurdistan region. It also contentiously operated Kirkuk’s Avana Dome and the nearby Bai Hassan field between 2014 and 2017 until federal forces re...
Volume: 64Issue: 06Published at Fri, 12 Feb 2021 -
Egypt 2020-21 Fundraising Boosted By $3.75bn Bond
...$7bn for 2016-17 and 2019-20 and $6.5bn for 2017-18 and 2018-19, in order to plug its financing needs (see chart 2). Despite its successful exit from the fund’s three year program in 2019 (MEES, 21 June 2019), the pandemic has exacerbated the country’s financial plight and MEES understands Egypt wi...
Volume: 64Issue: 06Published at Fri, 12 Feb 2021 -
Kuwait Cuts Long Term Targets For Giant Burgan Field
...ude oil and associated gas recovered from the Arifjan, Marat, Minagish Oolite and Burgan Wara sour reservoirs. The EPC for the facility was awarded to British firm Petrofac in March 2017, and the plant was originally due online in mid-2020. Start-up has since been delayed and the latest timeframe an...
Volume: 64Issue: 05Published at Fri, 05 Feb 2021 -
LNG Trade: China Set To Overtake Japan As Top Importer
...rket share is down from the record 46.1% hit the previous year. Qatar remains a clear number two in the Chinese market, but a distant one, with 2020 supplies of 8.2mn tons less than a third of Aussie volumes. Having overtaken Japan in 2017, South Korea was Qatar’s top export market in 2018 and 20...
Volume: 64Issue: 05Published at Fri, 05 Feb 2021 -
Libya’s Power Sector In A Race Against Time
...ka said last month it was “about to start construction” on two gas turbine power plants – 650MW Misrata and 690MW Tripoli West – worth a combined 1.3GW (MEES, 8 January). Enka’s partner on the projects, Siemens, will provide the turbines. At the time of the original award in 2017, Siemens costed th...
Volume: 64Issue: 05Published at Fri, 05 Feb 2021 -
Oman 2020 Refining: Output Down, Exports Up, Jet Crashes
...Oman’s two refineries, 197,000 b/d Sohar and 106,000 b/d Mina al-Fahal, saw a second consecutive dip year-on-year in key products yields in 2020 though volumes remain well ahead of pre-2018 levels. The Sultanate saw a major capacity boost when Sohar was upgraded in 2017 (MEES, 23 February 20...
Volume: 64Issue: 05Published at Fri, 05 Feb 2021 -
Egypt: BP Readies Raven
...ril 2017 (MEES, 15 March 2019). The condensate output should also help boost Egypt’s oil output which fell to a new 40-year low in November of 572,000 b/d (MEES, 29 January). ...
Volume: 64Issue: 05Published at Fri, 05 Feb 2021 -
KPC Prepares To Streamline Subsidiaries With Reshuffle
...5,000 b/d refinery and a 22mn t/y LNG import terminal are slated to start up this quarter. Kipic was only established in 2017, but looks set to be merged back into KNPC. Elsewhere, with Kuwait Oil Tanker Company (KOTC) CEO Ali Shehab retiring, he will be replaced as acting CEO by Abdulnasser al-Fulaij, th...
Volume: 64Issue: 05Published at Fri, 05 Feb 2021 -
Egypt Oil Output: Any Chance Of A Rebound?
...cord 61,800 b/d for 2H 2020, a record 12% of Egypt’s total output, effectively maintaining the monthly record 62,000 b/d hit last August (MEES, 18 September 2020). Having averaged 40,000 b/d for the decade to 2017, GPC output from onshore fields in the Eastern and Western Desert, has rapidly increased si...
Volume: 64Issue: 04Published at Fri, 29 Jan 2021 -
Adnoc’s Sour Crude Wins Over Buyers In China
...0,000 b/d production capacity (Adnoc 60%, Exxon Mobil 28%, Inpex 12%: see chart 2). The partners are working to expand capacity to 1mn b/d by 2024 (MEES, 17 November 2017). Upper Zakum is one of the deliverable grades for the Shanghai International Energy Exchange (INE) oil futures contract which was la...
Volume: 64Issue: 04Published at Fri, 29 Jan 2021