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GCC Rallies Round Kuwait Following Iraq’s New Boundary Claim
...atures that lie within its waters and are exposed at low tide but submerged at high tide, while Iraq says that use of the shoals as baseline points is contrary to the UN Convention on the Law of the Sea (UNCLOS). Kuwait uses these shoals as baseline points under a 2014 Emiri decree that Baghdad re...
Volume: 69Issue: 09Published at Fri, 27 Feb 2026 -
Oman Lays Out Plan For 30% Renewables By 2030
...an is driven primarily by the residential and economic sectors. Residential demand is simply a function of a growing population and urbanization requiring more electricity. Government data show residential consumption rose by 67% from 2014 to 42.2TWh in 2024. Like the rest of the Gulf, the majority of...
Volume: 69Issue: 09Published at Fri, 27 Feb 2026 -
Iraq Starts Work On Rehabilitating Turkey Export Pipeline
...Iraq’s State Company for Oil Projects (SCOP) said on 12 February that it had begun rehabilitating the federal portion of the Iraq-Turkey Pipeline (ITP). The old 1.6mn b/d pipeline suffered extensive damage in 2014 when the Islamic State took over large areas of northern Iraq. It extends from Sa...
Volume: 69Issue: 08Published at Fri, 20 Feb 2026 -
Syria’s SPC Courts IOCs As Re-engagement Accelerates
...ogress was made (MEES, 3 January 2014). A more recent agreement, signed in 2022 was with Kapital LLC, believed to be ultimately owned by former Wagner Group leader Yevgeny Prigozhin. Mr Qablawi told MEES that Chevron would fund new seismic surveys – an investment likely to be required of all IOCs en...
Volume: 69Issue: 07Published at Fri, 13 Feb 2026 -
Shell Plans To Double Egypt Output By 2030
...om 50-70ms and was drilled a total of three times by BP between 1999 and 2014. The field could hold up to 1.4tcf, but BP still walked away in 2019 (MEES, 5 April 2019). Its proximity to Shell’s now depleted Rosetta field should provide a relatively cost-effective tie-back option for development. Th...
Volume: 69Issue: 06Published at Fri, 06 Feb 2026 -
Chevron’s Neutral Zone Operations Return To Growth
...uck around in the PNZ despite a rocky recent history there. Kuwait was unhappy that it wasn’t consulted when Saudi Arabia renewed the operating agreement with SAC for 30 years in 2009. Grievances over management of the PNZ came to a head in 2014/15 when the offshore and onshore portions were shut-in, on...
Volume: 69Issue: 06Published at Fri, 06 Feb 2026 -
QatarEnergy Crowns LNG Conference With Two Major Supply Deals
...silient energy future for the nation.” The deal was notable given that Japanese imports of Qatari LNG have been on a steep downwards trajectory over the past decade, dropping from a record 16.14mn tons in 2014 to just 3.42mn tons last year (itself an improvement on 2024 levels) as long term sales co...
Volume: 69Issue: 06Published at Fri, 06 Feb 2026 -
MENA Attractions: Libya Kicks Off Big Year For The Region’s Upstream
...censing round since 2014, with TotalEnergies and Eni both taking assets (MEES, 20 June 2025). The first licensing round under the new oil law was a success, and Algeria plans to launch a new bid round each year over the next five years. “With our geographic position, we are confident that Algeria will be...
Volume: 69Issue: 05Published at Fri, 30 Jan 2026 -
Kurdish Hopes Of Autonomy In New Syria Unravel
...nister Nouri al-Maliki now the frontrunner for the post (MEES, 16 January), Iraqis are experiencing a sense of déjà vu, drawing an uneasy parallel with 2014, when ISIS fighters swept across the country under his watch, seizing Anbar province, Mosul and large swathes of territory. For now, incumbent Pr...
Volume: 68Issue: 23Published at Fri, 23 Jan 2026 -
Maliki to Return as Iraqi PM?
...ndidate. Nouri al-Maliki has emerged as the frontrunner for Iraq’s premiership, potentially returning to a post he held between 2006 and 2014 (see table). Mr Maliki headed the country’s first permanent government after the 2003 US invasion and remains the only politician to have served two terms as prime mi...
Volume: 69Issue: 03Published at Fri, 16 Jan 2026 -
Qatar Hopes To Start First NFE Train In 3Q 2026
...cility’s imminent start-up. The project has been in the works for more than a decade, after Qatar decided in 2014 to convert its Golden Pass import terminal into an export terminal due to the surge in US gas production (MEES, 11 July 2014). Beyond adding 23% to QatarEnergy’s current LNG capacity, it wi...
Volume: 68Issue: 50Published at Fri, 12 Dec 2025 -
Saudi Arabia Prioritizes Investment Despite Budget Deficits
...rging by $34.5bn to a five-year high of $65.3bn, preliminary Ministry of Finance figures show (see table). This is more than double the originally budgeted figure of $26.9bn. Having run just one budget surplus since 2014, government debt levels have been on the rise in recent years. From just $38bn in...
Volume: 68Issue: 49Published at Fri, 05 Dec 2025 -
Syria Accelerates Its Upstream Ambitions
...banon unilaterally claimed its EEZ in a letter to the United Nations in 2011, but Syria – not a signatory to the United Nations Convention on the Law of the Sea (UNCLOS) – rejected this in 2014. Last month, Lebanon’s cabinet finally approved its maritime border with Cyprus, 18 years after Beirut and Ni...
Volume: 68Issue: 47Published at Fri, 21 Nov 2025 -
Mauritania’s Banda Integrated Gas Project Progresses
...ergy needs. UK based Tullow took Banda in 2011 from Malaysia’s Petronas and announced commerciality a year later (MEES, 22 February 2013) before having to cut back on investments when prices began to drop in 2014. Development plans only recovered recently when Banda and the nearby 0.9tcf Tevet fi...
Volume: 68Issue: 46Published at Fri, 14 Nov 2025 -
US Blocks Gunvor-Lukoil Transaction
...nnady Timchenko exited in 2014 just ahead of being sanctioned by the US for links to Putin (MEES, 25 April 2014). Gunvor says the Treasury Department statement “is fundamentally misinformed and false,” adding that it “has for more than a decade actively distanced itself from Russia, stopped trading in...
Volume: 68Issue: 45Published at Fri, 07 Nov 2025 -
Lebanon Approves Cyprus Maritime Border, Syria Next
...11, but Syria – not a signatory to the United Nations Convention on the Law of the Sea (UNCLOS) – rejected this in 2014. Since the end of its civil war in 1990, Lebanon has oscillated between Iran-Syria and western influence. But with Hezbollah out of government in Lebanon and Syria now moving to...
Volume: 68Issue: 44Published at Fri, 31 Oct 2025 -
Lukoil to Sell International Assets to Gunvor
...taining permission from the US Treasury’s Office of Foreign Assets Contral (Ofac), says Lukoil. Gunvor was founded in 2000 and has previously had to deny links to the Kremlin. In 2014, Russian co-founder Gennady Timchenko sold his 43% stake to his Swedish co-founder and Gunvor CEO Torbjörn Törnqvist ju...
Volume: 68Issue: 44Published at Fri, 31 Oct 2025 -
Iraq Hopes Major Interest Will Spur Capacity Growth
...strictions. Since 2014, Iraq has announced numerous capacity targets, but most have failed to materialize. Officials this year signaled plans to increase capacity to 6-7mn b/d by the end of the decade. This would keep Iraq ahead of the UAE as Opec’s second largest producer, though the UAE could overtake it as it...
Volume: 68Issue: 43Published at Fri, 24 Oct 2025 -
Libya Exploration Picks up as Sonatrach Resumes Drilling After 10 Years
...p). The firm this month resumed exploration activity at well 1A-96/2 in Areas 95-96, where Sonatrach had made several gas discoveries in 2013 (MEES, 13 September 2013). Sonatrach began drilling at well 1A-96/2 in April 2014, reaching a depth of 8,090 feet (2,465 meters), only to halt operations an...
Volume: 68Issue: 43Published at Fri, 24 Oct 2025 -
Egypt Posts First Gas Output Rise In Three Years
...d-2023, though still well shy of the record 921mn cfd posted in 1Q 2014. EGYPT GAS OUTPUT (BN CFD): Q3 OUTPUT REBOUNDS TO 4.20BN CFD FOLLOWING SUCCESSFUL DEVELOPMENT DRILLING. CAN IT BE SUSTAINED? *INCLUDES OFFSHORE, ‘EASTERN DESERT’ (GOS WEST BANK) & SINAI (E BANK). SOURCE: EGYPT PETROLEUM MI...
Volume: 68Issue: 42Published at Fri, 17 Oct 2025