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Egypt Gas Hub Plans: Goal Or Own Goal?
...rminals at Idku and Damietta on the Mediterranean coast. Noble and Delek’s partner Anglo-Dutch major Shell at Cyprus’ 4.2tcf Aphrodite. Talks have taken place this week to send gas to Egypt, although they remain at a preliminary stage. Aphrodite was discovered in 2011 and a development plan has yet to be an...
Volume: 61Issue: 08Published at Fri, 23 Feb 2018 -
Iranian Oil Exports Hit Pre-Sanctions Levels As European Share Grows
...Iran produced an average of 3.79mn b/d of crude in 2017, up 10.5% on 2016, with output reaching 3.83mn b/d last month. Not surprisingly export volumes are also up. Buyers of Iranian crude and condensate took just over 2.50mn b/d last year, edging above 2.47mn b/d for 2011, the year before US-le...
Volume: 61Issue: 06Published at Fri, 09 Feb 2018 -
Qatar Sidesteps Trade Embargo With 20% Export Revenue Gain In 2017
...r 2018-22). Though the strategy has not been published the IMF says it has an “enhanced focus on economic diversification.” But given that the 2011-16 plan said “Nonhydrocarbon exports are expected to show strong gains,” it’s fair to say diversification is often planned but rarely implemented – in th...
Volume: 61Issue: 05Published at Fri, 02 Feb 2018 -
Japan Big Winner As Saudi Arabia Cuts Crude Exports
...panese imports has also risen strongly, topping 40% for the first time in 2017, up from 30.5% in 2011. Not only is Japan importing more Saudi crude but the slate is becoming more tilted towards lighter, and more expensive grades. The key Saudi grade Japan took in 2017 was Arab Extra Light, which in...
Volume: 61Issue: 05Published at Fri, 02 Feb 2018 -
Suez Canal Boosted By Oil Trade Records
...re substantial than those in the opposite direction. But, as the surge in exports of crude, NGLs and oil products from the US (MEES, 5 January) boosts Atlantic Basin supplies, the gap is closing. • Northbound shipments accounted for 65% of gross Suez Canal oil transit volumes as recently as 2011...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
Key Middle East Producers Ease Off Drilling Going Into 2018
...00 2005 2010 2011 2012 2013 2014 2015 20...
Volume: 61Issue: 02Published at Fri, 12 Jan 2018 -
Libya’s 2017 Energy Fortunes: Good-Ish News On Oil, Less So On Gas As Instability Continues
...CRUDE OUTPUT HAS REBOUNDED TO A 4-YEAR HIGH, AVERAGING 950,000 B/D SINCE JULY (‘000 B/D)... ...THOUGH AN END-YEAR DIP WITH AN ATTACK ON A KEY PIPELINE* IS INDICATIVE OF CONTINUED INSTABILITY GAS EXPORTS^ FELL TO THE LOWEST LEVEL SINCE THE REVOLUTIONARY YEAR OF 2011...
Volume: 61Issue: 01Published at Fri, 05 Jan 2018