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QP Triple Boost
...ES, 30 January 2015). But the state firm stepped up activities in 2017 and the number of deals reached a crescendo last year (MEES, 21 December 2018). Qatar is now reaping the benefits, reaching FID on the key US Golden Pass LNG export terminal this week (see p6) and notching up its first ever ov...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
Iran Claims Gasoline Record
...rt of Bandar Abbas which would add 77,000 b/d. The previous Gulf Star phases were brought online in April 2017 and February 2018 (MEES, 26 October 2018). These gains may be sufficient to enable the halting of gasoline imports, which averaged 55,000 b/d over the first half of 2018. ...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
Iraqi Kurdistan Government Formation Edges Closer
...chirvan Barzani himself has become president, having effectively held the position since November 2017 when his uncle (and Masrour’s father) Massoud Barzani stepped down in the wake of the September 2017 independence referendum (MEES, 22 September 20`7). The KDP’s opponents frequently accuse the party of ne...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
Lebanon To Cut Electricity Subsidy
...ansfers’ to the state electricity company Electricité du Liban. The government forked out over $740mn in 1H 2018 alone on such payments, and $1.33bn in 2017. Subsidy cuts would also rationalize consumption, which given heavy subsidies (but also theft from the power grid), puts further strain on the el...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
Tunisia’s Nawara Gas Project Delayed Again
...ergy firm ETAP was set to start up in June but Mr Seele on 6 February flagged up “start up… towards the end of 2019,” whilst the accompanying presentation indicated no significant output boost before 2020. The project previously targeted 2017 start-up (MEES, 9 May 2017). Bad news for Tunisia: the co...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
Genel: Kurdish Gas Reprieve
...adline for the Miran GLA is now 31 May. Both were set to expire in February, having already been extended from the initial February 2018 deadline (MEES, 17 February 2017). Genel claims combined “gross mean” gas reserves of 11.4tcf. Conditions included “execution of final agreements on the midstream ga...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Japan: Top Saudi Buyer, For Now
...08. Saudi is far and away number one supplier with 1.164mn b/d, 38.1% of the total, for 2018 (see data, pXX). But 2018 will likely mark the last year for which Japan is Saudi Arabia’s top customer. Japan’s lead over China shrank from 250,000 b/d for 2017 to a mere 29,000 b/d for 2018. China was al...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Libya’s NOC Cuts Gas To Fertilizer Plant
...ra (50%), NOC (25%) and Libyan Investment Authority (25% - MEES, 16 February 2009), hasn’t made a profit since the 2011 Libyan revolution and has racked up a combined $234mn in loses up to 2016 according to Yara annual reports - no figure was given for 2017. Yara wrote down $112mn of its investment in 20...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Sharjah Signs Up For 1.8gw CCGT
...its, the first of which is scheduled to begin commercial operation in May 2021. Sewa’s current 2.77GW of capacity in gas and diesel fueled power plants is unable to meet demand, requiring imports from Abu Dhabi that amounted to 6.93THh at levels up to a peak of 1.3GW in 2017. Sewa’s move follows the fo...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Aramco Advances Crude-To-Petchems Plans
...lly formalized or the planned takeover of Sabic by Aramco is completed. Separately Sabic filed a US patent application for a crude to chemicals concept involving existing refinery units and a cracker (MEES, 1 December 2017). The plant will have capacity to process 400,000 b/d of Saudi crude to pr...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Pakistan Gulf Diplomacy Picks Up Further
...% in 2017), but Islamabad is seeking to secure lower prices (MEES, 31 August 2018). So far, Mr Khan has worked on balancing relations with its critical Gulf trade partners and investors in the face of the GCC rift. Pakistan has already bagged critical aid from Saudi Arabia and the UAE, and is ba...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Saudi Arabia November 2018 Oil Data ('000 B/D): Crude Exports Rise To 2-Year High As Record 11.398mn B/D Of Crude Is Supplied To The Market
...CHANGES EXPRESSED IN PERCENTAGE POINT TERMS WHERE ORIGINAL FIGURES ARE PERCENTAGES. *EXCLUDES FIELD LPG (650-700,000 B/D). **NAPHTHA REFINERY OUTPUT INCLUDED IN 'OTHER PRODUCTS TO DEC-2017 (479,000 B/D FOR 2017). ^PRESUMES ALL FUEL OIL CONSUMPTION IS BURNT IN POWER PLANTS. SOURCE: JO...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
UAE Plans 7GW Power Tenders
...wain (MEES, 30 November 2018). The 7GW of planned additional powergen capacity will be equivalent to 40% of the combined 17.4GW of current capacity in the Ewec (16.7GW) and Fewa (700MW) operating areas. Fewa is increasingly reliant on imports from Abu Dhabi, taking an average 1.59GW from Abu Dhabi in 2017...
Volume: 62Issue: 03Published at Fri, 18 Jan 2019 -
Iran Gives State Firm Slice Of Kish
...om foreign firms. MoUs were signed with Shell, Eni and Gazprom in 2016 and 2017 to study the field. ...
Volume: 62Issue: 03Published at Fri, 18 Jan 2019 -
Aramco JV Refinery On Test
...Malaysian state oil firm Petronas has begun trial runs of the CDU at the 300,000 b/d Rapid JV refinery in the southern Johor province, according to Reuters. Saudi Aramco is equal partner with Petronas in the project, having paid $7bn in 2017. The partners are looking to reach full commercial op...
Volume: 62Issue: 02Published at Fri, 11 Jan 2019 -
EDF Seeks Buyer For EDISON Egypt, Algeria Assets
...committed to the plans in an attempt to quash rumors that the company planned to quit Egypt (MEES, 21 December 2018). Edison’s other key production is in Algeria, where is has 11.25% of the 2.9bcm/y Reggane North development in the country’s far southwest which started up in late 2017 (MEES, 22 December 2017...
Volume: 62Issue: 02Published at Fri, 11 Jan 2019 -
Egypt: ‘Imminent’ Start Up At Key Downstream Project
...untry’s products deficit (MEES, 15 June 2018). Net products imports were 220,000 b/d for the first eight months of 2018 including 132,000 b/d of diesel and 56,000 b/d of gasoline, although all three figures were down on 2017....
Volume: 62Issue: 01Published at Fri, 04 Jan 2019 -
Red Sea Bidding Delayed
...urce. The bid round falls under the jurisdiction of the oil ministry’s southern Egypt focused arm Ganope, which signed a $750mn deal in December 2017 with Norway’s TGS and House-based oilfield services firm Schlumberger to compile geophysical data covering 60,000km² in the Red Sea (MEES, 26 October 20...
Volume: 62Issue: 01Published at Fri, 04 Jan 2019 -
UAE Cuts Aluminium Power Use
...ll capacity. Replacing old plants, whose efficiency could be as low as 33%, could hence save as much as 75mn cfd. Such savings are attractive for gas importers like the UAE: the emirates’ gas deficit for 2017 was 11.8bcm (1.14bn cfd). This was met with 1.58bn cfd of imports from Qatar through the Do...
Volume: 61Issue: 51-52Published at Fri, 21 Dec 2018 -
Bahrain Set For Vat Roll Out
...ssibility for implementation, but won’t yet commit. Meanwhile, Kuwait says it won’t introduce VAT until 2021, while Qatar has been out in the cold since the Saudi-led embargo began in June 2017. Bahrain’s budget projects a $3.5bn deficit this year and needs all the additional revenue it can get. The IMF se...
Volume: 61Issue: 51-52Published at Fri, 21 Dec 2018