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Syria Boosts Domestic Gas Supplies
...mand, and Syria has also signed agreements to import pipeline gas from neighboring states (see p12). SPC has also now started trucking crude oil from the Jebissa and Deir Ezzor’s Omar and Tanak fields to the Homs and Banias refineries. Prior to the start of Syria’s civil war in 2011, the fields were pa...
Volume: 69Issue: 05Published at Fri, 30 Jan 2026 -
Rosneft Re-Elects Al-Sada Chairman
...In a 21 July update after its annual shareholders meeting, Russian state firm Rosneft announced it had re-elected former Qatari energy minister Muhammad al-Sada as chairman. Mr Sada was first elected chairman in June 2023 after serving as Qatar’s energy minister between 2011 and 2018. Top of hi...
Volume: 68Issue: 30Published at Fri, 25 Jul 2025 -
Libya Welcomes Frozen Asset Breakthrough
...The Libyan Investment Authority (LIA) – Libya’s sovereign wealth fund – this week hailed two long-awaited decisions regarding its overseas frozen assets, an estimated $68bn that the country has struggled to recover since the 2011 ouster of dictator Muammar Gaddafi (MEES, 7 August 2015). On...
Volume: 68Issue: 04Published at Fri, 24 Jan 2025 -
Ethiopia Completes Nile Dam
...Construction of the giant Grand Ethiopian Renaissance Dam (GERD) is “100% complete,” Ethiopian Prime Minister Abiy Ahmed announced last week during a parliament session in Addis Ababa. Since 2011, the construction and filling of the GERD have strained relations between Ethiopia and do...
Volume: 67Issue: 45Published at Fri, 08 Nov 2024 -
Oman To Offer New Blocks
...offer. The ministry did not respond to MEES questions for further details. Block 18 was last operated by India’s Reliance Industries which abandoned it in 2011 after a failed drilling campaign (MEES, 9 November 2012). ...
Volume: 67Issue: 40Published at Fri, 04 Oct 2024 -
Libya-Italy Gas Slump
...te, 2024 is on pace for the lowest full-year figure since the start-up of the 8bcm/y (around 775mn cfd)-capacity Greenstream pipeline in 2004, lower than 2023’s 12-year low of 244mn cfd (MEES, 8 March) and the 215mn cfd seen in 2011 when Libya was wracked by revolutionary instability. In a de...
Volume: 67Issue: 30Published at Fri, 26 Jul 2024 -
Iraq: China’s Jereh Inks Mansuriya Contract
...pex is pegged at $992mn for the first three years of the contract. The signing is intended to turn a page on the long-delayed development of Mansuriya. Originally awarded in 2011 to a consortium led by Turkey’s TPAO, Baghdad relinquished the license after commercial terms disagreements following th...
Volume: 67Issue: 21Published at Fri, 24 May 2024 -
Iraq Approves Mansuriya Gas Award
...riod. Mansuriya was originally awarded in 2011 to a consortium led by Turkey’s TPAO. Development was halted following attacks by the Islamic State across the province in 2014. Disagreement on commercial terms subsequently pushed Baghdad to take over the field in 2018 (MEES, 3 August 2018). Chinese state fi...
Volume: 67Issue: 18Published at Fri, 03 May 2024 -
Libya Ups Drilling Efforts
...oduced at 95,000 b/d prior to Libya’s 2011 revolution. Effective capacity has been perhaps half this in recent years but leading US-based services firm SLB has been working with Eni and NOC on a campaign to re-enter long-producing wells with its latest stimulation technology. SLB last month said that th...
Volume: 67Issue: 08Published at Fri, 23 Feb 2024 -
Kuwait Appoints New Pm
...reign affairs minister in 2011 due to his concerns with government corruption. That corruption scandal prompted the infamous ‘storming’ of parliament by protestors and the resignation of prime minister Nasser Mohammed Al Sabah (MEES, 5 December 2011). The new PM is the first of Al Salem branch of th...
Volume: 67Issue: 01Published at Fri, 05 Jan 2024 -
Libya Oil Output Boost
...Libya’s state-owned Sirte Oil company says its output has hit 93,500 b/d with the Raguba field producing at 13,300 b/d, the highest level since 2011. This comes as Libya’s self-reported output hit 1.206mn b/d for November, the highest since Tripoli began ‘direct reporting’ of figures to th...
Volume: 66Issue: 50Published at Fri, 15 Dec 2023 -
Libya Gas Exports Slump To 12-Year Low As Domestic Use* Rises
...LIBYA'S 2023 GAS EXPORTS^ ARE RIVALLING 2022 FOR THE LOWEST FIGURE SINCE THE 2011 REVOLUTION... ...WITH VOLUMES FOR Q3 2023 FALLING WELL BELOW EVEN 2022 LEVELS (MN CFD) *NOC DATA IMPLY THAT CONSUMPTION HAS AVERAGED JUST OVER 1BN CFD SO FAR THIS YEAR, UP FROM 902MN CFD FO...
Volume: 66Issue: 40Published at Fri, 06 Oct 2023 -
India Imports Record Russian Crude In Q2 Despite June Dip
...roughout the quarter, with combined sales of 1.848mn b/d in June the lowest figure in MEES records back to 2011. Of course, the Middle East is not the only region seeing its position in India being squeezed. Volumes from North Africa, Sub-Saharan Africa and the Americas have all weakened amid the influx of Ru...
Volume: 66Issue: 30Published at Fri, 28 Jul 2023 -
Cyprus: New Energy Minister
...major ExxonMobil is also eying further drilling in its Block 5 and 10 acreage this year following disappointing results from last year’s appraisal well of 2019’s Glaucus discovery on Block 10 (MEES, 10 February). The priority though will be the decision regarding Cyprus’ first gas discovery, 2011...
Volume: 66Issue: 09Published at Fri, 03 Mar 2023 -
Libya’s Waha At 3-Year High
...cember for the highest figure since last March. LIBYA'S WAHA OIL CONCESSION PRODUCED 323,000 B/D FOR Q4, THE JOINT-HIGHEST FIGURE SINCE THE 2011 REVOLUTION SOURCE: CONOCOPHILLIPS, HESS, MEES CALCULATIONS....
Volume: 66Issue: 06Published at Fri, 10 Feb 2023 -
Saudi GDP Growth: 11-Yr High
...Saudi Arabia released its preliminary Q4 GDP figures this week, confirming that in 2022 the economy grew at its fastest annual rate since 2011. Despite growth slowing down to “just” 5.4% in Q4, full year GDP growth of 8.7% was by far the highest figure since 2011’s 10%. The gains were driven by...
Volume: 66Issue: 05Published at Fri, 03 Feb 2023 -
Libya’s NOC & Repsol Eye Q3 Drilling
...vels are unclear. Repsol CEO Josu Jon Imaz last put flows at 70,000 b/d in late April (MEES, 29 April). Exploration drilling has been few and far between in Libya since the 2011 overthrow of Gaddafi and the ensuing chaos. As such any return to drilling would be a huge win for Libya’s plans to mo...
Volume: 65Issue: 22Published at Fri, 03 Jun 2022 -
SDX Eyes Egypt Gulf Of Suez Growth
...e partners to replace the rig that drilled the well, with results expected in the next three to four weeks. SDX’s other Egypt asset is a 55% operator’s stake at the 46mn cfd South Disouq concession in the onshore Nile Delta. The Gulf of Suez had long been Egypt’s key oil heartland but since 2011...
Volume: 65Issue: 20Published at Fri, 20 May 2022 -
Libya Gas Exports To Italy Restart
...ES, 2 July 2021). A forced closure of the Wafa field by an armed group in the final days of last year also reduced exports (MEES, 24 December 2021). Libya’s gas exports to Italy averaged just 313mn cfd (3.23 bcm) for 2021, the lowest annual figure since 2011 (MEES, 28 January). ...
Volume: 65Issue: 07Published at Fri, 18 Feb 2022 -
Libya’s Harouge Hits 44,000 B/D In 2021, Eyes More
...start of the Naga field. Harouge, which is a 49:51 JV between Canada’s Suncor and Libya’s NOC, had an output capacity of almost 100,000 b/d before the 2011 revolution. But gross output levels have languished well below a third of this for much of the past decade due to a lack of maintenance, damage to fa...
Volume: 65Issue: 01Published at Fri, 07 Jan 2022