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US Stocks At 37-Year Low But Repurchase Coming
...e start of the year. Whist the commercial stocks figure is little changed from 421mn barrels at the end of 2021 (though this was the lowest end-year figure since 2014), the SPR figure is down by a massive 215mn barrels (36%) on the start of the year for what would be the lowest end-year figure si...
Volume: 65Issue: 51/52Published at Fri, 23 Dec 2022 -
Iraq: New Akkas Gas Plant
...livering the 300km transmission line from the station to the border (MEES, 17 June). The 2013 built plant was rehabilitated starting early 2020 after it was destroyed by ISIS in 2014. In August, Oil Ministry subsidiary State Company for Oil Projects (SCOP) was working on laying a 30km 16-inch pipeline be...
Volume: 65Issue: 42Published at Fri, 21 Oct 2022 -
India Lng Imports Down Again
...ack to run close the record annual figure of $8.43bn set in 2014. Back then Qatar enjoyed an overwhelming 86% market share versus just over 50% for 8M 2022....
Volume: 65Issue: 40Published at Fri, 07 Oct 2022 -
Iraq Reserves Record
...Central Bank of Iraq (CBI) reserves hit $87bn as of end-September according to CBI Advisor Ihsan Al-Yasiri. This is up $23bn on the end-2021 figure and higher than their previous $81.14bn record set in May 2014 prior to Baghdad tapping them as a result of the 2014 double shock that saw ISIS ta...
Volume: 65Issue: 40Published at Fri, 07 Oct 2022 -
UAE President Khalifa Bin Zayed Passes Away
...Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE and ruler of Abu Dhabi, passed away on 13 May at the age of 73. Sheikh Khalifa had been president since November 2004 and was the eldest son of the UAE’s founder Sheikh Zayed bin Sultan Al Nahyan. Since suffering a stroke in January 2014...
Volume: 65Issue: 19Published at Fri, 13 May 2022 -
Iran Starts Gas Storage Expansion
...Iran’s president Ebrhaim Raisi kick-started the second expansion phase of the Shourijeh-D gas storage facility. Phase 1 was inaugurated in 2014 with the facility receiving 10mn m3/d (353mn cfd) of gas via pipeline in the summer months and supplying 20mn m3/d (706mn cfd) to north, northeast an...
Volume: 65Issue: 14Published at Fri, 08 Apr 2022 -
Libya Outages Heighten Global Oil Supply Fears
...anwhile, the swearing in of a parallel government in Libya this week has heightened concerns of a return to fighting as the incumbent (internationally recognized) government in Tripoli refused to wield power. The situation is eerily reminiscent of the political division between 2014 and 2021 when two rival pa...
Volume: 65Issue: 09Published at Fri, 04 Mar 2022 -
Baghdad To Offer Gazprom Neft Better Terms
...oduction started in 2014. It has been a mainstay of mid-Euphrates oil production alongside CNPC’s Ahdab and Zhenhua Oil’s East Baghdad fields. Badra has a central integrated oil and gas processing facility with a capacity of 110,000 b/d and 155mn cfd. Gas is piped through a 100km pipeline to the 500MW Zu...
Volume: 65Issue: 09Published at Fri, 04 Mar 2022 -
Opec Basket Tops $100/B
...The Opec Basket of crude export grades hit $101.22/B on 24 February, up $5/B on a day earlier as Russia invaded Ukraine and $23/B up on the start of 2022. This marks the first time over $100/B in over seven years – since 1 September 2014. The basket opened up a gap on Brent, which settled at $99...
Volume: 65Issue: 08Published at Fri, 25 Feb 2022 -
Gazprom & Sonatrach Greenlight Algeria Gas Project
...The international upstream arm of Russia’s Gazprom and Algerian state oil firm Sonatrach this week greenlighted a project to develop two gas fields in Algeria’s Berkine Basin. The project centres around the 2010 Rhourde Sayah and 2014 Rhourde Sayah North discoveries located on the El As...
Volume: 65Issue: 05Published at Fri, 04 Feb 2022 -
EBRD: $54mn For Morocco Wind
...March 2014). Morocco together with Egypt leads the Mena region in terms of wind with 1.4GW of installed capacity (MEES, 2 April 2021)....
Volume: 65Issue: 01Published at Fri, 07 Jan 2022