1. Eni’s Egypt Receivables Down Markedly From Mid-2024 Peak

    ...PAYMENT PLAN HELPS REDUCE DUES BY 24% TO $992MN AT THE END OF JUNE *NO FIGURES PROVIDED BETWEEN 2017-2022. ORIGINAL NUMBER GIVEN IN EUROS, CONVERSION USES EXCHANGE RATE ON LAST DAY OF REPORTED PERIOD. SOURCE: ENI, MEES CALCULATIONS.   2: EGYPT NET OUTPUT: BOTH GAS AND OIL SLUMPED TO SEVEN-YE...

    Volume: 68
    Issue: 41
    Published at Fri, 10 Oct 2025
  2. Saudi Arabia Doubles Deficit Forecast For 2025

    ...reseeable future, but strong economic growth in recent years means that as a share of GDP, the deficits are expected to be considerably less than over the 2014-2020 period. By way of comparison, this year’s forecast $65.3bn deficit is comparable with 2017’s $63.6bn figure. But while the 2017 deficit was eq...

    Volume: 68
    Issue: 40
    Published at Fri, 03 Oct 2025
  3. Saudi Oil Export Revenues Hit Three-Month High In June

    ...orage hub at Egypt’s Sidi Kerir for onwards export) averaged 325,000 b/d last quarter according to Kpler, the highest such figure in records back to 2017. This helped drive an increase in total export revenues from European sales in Q2 to $9.9bn, the highest quarterly figure since the same period la...

    Volume: 68
    Issue: 35
    Published at Fri, 29 Aug 2025
  4. Egypt LNG Imports Ramp Up On Increased Regasification Capacity

    ...et growing gas consumption during the peak summer demand season. As of 24 July, Egypt had imported 580,000 tons of LNG, which would itself be the highest monthly total since September 2017 (see chart 1). Kpler is forecasting that July LNG imports could reach 860,000 tons, which would be a record mo...

    Volume: 68
    Issue: 30
    Published at Fri, 25 Jul 2025
  5. Kuwait Debt Law Breakthrough: A New Era For Investment?

    ...ll enable the government to issue debt for the first time since the expiry of the previous financing and liquidity law (called the public debt law) in 2017” (MEES, 7 April 2017). The IMF put Kuwait’s debt at just 3.2% of GDP as of end-2023, and expects this to gradually rise to 25% by 2032 with th...

    Volume: 68
    Issue: 14
    Published at Fri, 04 Apr 2025
  6. Qatar Records Fourth Consecutive Budget Surplus For 2024

    ...20 AND THE LARGEST SINCE 2017 ($BN) *APRIL-MARCH FINANCIAL YEAR UNTIL 2016. SOURCE: MOF, MEES.   2: STATE SPENDING ON PUBLIC SECTOR SALARIES IN QATAR SURPASSED CAPEX FOR THE FIRST TIME IN 2024 ($BN) Graph *APRIL-MARCH FINANCIAL YEAR UNTIL 2016. SOURCE: MOF, MEES....

    Volume: 68
    Issue: 06
    Published at Fri, 07 Feb 2025
  7. MBS-Trump Investment Pledge Boosts Aramco US LNG Investment Plans

    ...int venture with Shell. This operated three refineries with a combined crude processing capacity of 1.065mn b/d, but was split up in 2017 with Aramco ending up with a 100% stake in the 600,000 b/d Port Arthur refinery (MEES, 10 March 2017). The Port Arthur plant accounted for 115,000 b/d of Saudi cr...

    Volume: 68
    Issue: 05
    Published at Fri, 31 Jan 2025