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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 -
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 -
KRG: Genel Finalizing Taq Taq Exit
...Genel Energy says it has agreed terms with Iraq’s Kurdistan Regional Government for exiting the Taq Taq PSC, noting that this will “remove the risk of any residual decommissioning liabilities.” Taq Taq was the largest IOC-operated field in Kurdistan in 2014 with 103,000 b/d output, peaking at 11...
Volume: 68Issue: 05Published at Fri, 31 Jan 2025 -
BP-Baghdad: Kirkuk Deal Close?
...story at Kirkuk, but earlier talks fell apart in 2020 following a three-year study initially commissioned in 2013, which was interrupted by the rise of the Islamic State in 2014. In August last year, both parties re-engaged in negotiations to develop the field’s Baba and Avanah domes, as well as the ne...
Volume: 68Issue: 02Published at Fri, 10 Jan 2025 -
BP Agrees Technical Terms For Redevelopment Of Iraq’s Kirkuk
...lks fell apart in 2020 following a three-year study initially commissioned in 2013, which was interrupted by the rise of the Islamic State in 2014. Since then, Baghdad has revamped its contract models, launching a ‘profit sharing’ Development and Production Contract (DPC) model intended to provide fi...
Volume: 67Issue: 51/52Published at Fri, 20 Dec 2024 -
Jordan Eyes Gas Expansion On Risha Reserves Hike
...frastructure and develop a gas network. And, while the numbers quoted by the minister are promising, further evaluations will be needed. Risha’s reservoir is seen as complex, with UK major BP walking away from the field in 2014 (MEES, 26 September 2014). JORDAN GAS & POWER INFRASTRUCTURE ...
Volume: 67Issue: 47Published at Fri, 22 Nov 2024 -
Iraq: Pakistan Firm Exits Block 8
...rms Japex and Itochu, undercutting them with a remuneration fee of $5.38/boe. However, the firm has since made little effort to develop the block amid security concerns following Islamic State’s 2014 offensive. Of the other blocks awarded in 2012, UEG’s Block 9 is now producing nearly 100,000 b/d (ME...
Volume: 67Issue: 38Published at Fri, 20 Sep 2024 -
BP Back At Iraq’s Kirkuk
...der the auspices of a 2013 MoU which was disrupted by Islamic State’s 2014 takeover of much of northern Iraq, with the major restarting work in 2018. BP says the scope of the new MoU encompasses rehabilitation of existing facilities, construction of new facilities including gas expansion projects, an...
Volume: 67Issue: 31Published at Fri, 02 Aug 2024 -
Algeria Adds Power Capacity
...rea had previously indicated 2025 completion for the project (MEES, 7 January 2021). When awarded in 2014 the target for completion was 2017....
Volume: 67Issue: 28Published at Fri, 12 Jul 2024 -
Iraq: China’s Jereh Inks Mansuriya Contract
...e firm’s exit amidst the Islamic State’s rise in 2014. A subsequent award to Sinopec in 2021 also failed over similar disagreements. The contract comes as Chinese firms are further expanding their footprint in the country (see p2). ...
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 -
Iraq Aims To Restart Kirkuk-Turkey Pipeline
...lamic State in 2014 (MEES, 5 December 2014), Mr Khudaier says he expects “flows by the end of this month.” Any flows are likely to be small at first, but prior to the shut-in of the Kurdistan Region’s alternative pipeline last year, Federal Iraq was exporting around 100,000 b/d to Turkey....
Volume: 67Issue: 15Published at Fri, 12 Apr 2024 -
Poland’s PGNiG To Resume Libya Exploration
...-well campaign were ultimately drilled, with the company announcing gas discoveries in both wells. But the company pulled out its staff and wrote off its entire to-date Libya exploration spend of $137mn as security deteriorated in early 2014 (MEES, 31 January 2014). PGNiG previously pledged to re...
Volume: 67Issue: 12Published at Fri, 22 Mar 2024 -
Kuwait’s Kufpec: 140,000 Boe/D 2026 Target
...pe of gains this year, output is unlikely to top 90,000 boe/d, never mind the official 107,000 boe/d target. Kufpec has a history of massively missing output targets (MEES, 25 April 2014). And, notwithstanding promising Asian discoveries off Indonesia and Malaysia (MEES, 22 September 2023), the on...
Volume: 67Issue: 09Published at Fri, 01 Mar 2024 -
Algeria-Turkey LNG Deal
...-year extension inked in 2014. With output from the country’s own Sarkaya field in the Black Sea ramping up and Russia offering Ankara cut-price supplies for want of alternate markets, Turkey is evidently reluctant to commit to a longer-term contract for potentially more expensive oil-price-linked Al...
Volume: 66Issue: 48Published at Fri, 01 Dec 2023 -
Libya: Equinor Offshore Mou
...0,000 b/d capacity, with Equinor netting a princely 6,600 b/d. Mabruk has a nominal 30,000 b/d capacity but has been shut in since IS-affiliated militants overran the facilities in 2014 though Total says it is hopeful of a restart before the end of 2023 (MEES, 31 March). LIBYA: OFFSHORE OIL & GAS ASSETS...
Volume: 66Issue: 42Published at Fri, 20 Oct 2023 -
Egypt Presidential Elections
...untry’s current financial turmoil that has seen it turn to the IMF, World Bank and its Gulf allies for financial assistance (MEES, 24 March). President Sisi was first elected in 2014 following the ouster of Muslim Brotherhood-backed President Mohammed Morsi, and was re-elected with 97% of the vote in 20...
Volume: 66Issue: 39Published at Fri, 29 Sep 2023 -
Kuwait Refinery Restart
...anim al-Otaibi reporting the same day that the refineries were back at full capacity. Power outages at the plants are not new (MEES, 31 January 2014), and high temperatures in Kuwait have seen electricity demand hit new records with the strain seeing several substations shut down in recent weeks (see p1...
Volume: 66Issue: 38Published at Fri, 22 Sep 2023 -
Iraq: Sinopec Back At Mansuriya?
...e southern gas grid. The pipeline is slated for completion this year. PEG has won multiple projects in Dhi Qar and has a strong working relationship with SCOP that dates to at least 2014. ...
Volume: 66Issue: 17Published at Fri, 28 Apr 2023 -
Iraq’s Gharaf: Gas Award
...e southern gas grid. The pipeline is slated for completion this year. PEG has won multiple projects in Dhi Qar and has a strong working relationship with SCOP that dates to at least 2014. ...
Volume: 66Issue: 17Published at Fri, 28 Apr 2023