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IHC’S Lukoil Interest Showcases Global Energy Ambitions
...cently, Abu Dhabi’s overseas oil and gas interests have been in a process of consolidation that now appears to have ended. In 2017, Mubadala merged with fellow state investor IPIC, taking on a broad suite of investments that sit alongside its wholly owned subsidiary Mubadala Energy. This left it as Abu Dh...
Volume: 68Issue: 48Published at Fri, 28 Nov 2025 -
Israel Crosses More Red Lines With Doha Airstrike
...E President’s visit to Doha was especially notable. Not just because the UAE was a key player in the 2017-2021 Qatar embargo (MEES, 8 January 2021), but because it is the most prominent signatory of the Abraham Accords with Israel. Next week marks the fifth anniversary of the Abraham Ac...
Volume: 68Issue: 37Published at Fri, 12 Sep 2025 -
Turkey’s ITP Exit Sets Stage For Intensive Talks With Iraq
...aqi Kurdistan, where around 300mn cfd in capacity gains are expected by end-2026 from the Khor Mor and Chemchemal gas fields (see p2). The KRG signed a Gas Sales Agreement with Turkey in 2013 to export an initial 4bcm/year from 2017, rising to 10bcm/y by 2020. Turkey’s proposals could rekindle the KR...
Volume: 68Issue: 30Published at Fri, 25 Jul 2025 -
Drone Attacks Force Shutdown Of Key Kurdistan Oil Fields
...ersee security since ISIS was ousted in 2017. The field fell under ISIS control in 2014, and the security situation in the area remains precarious. SANCTIONS RETALIATION? Iraq’s deal with HKN comes as Baghdad has been trying to convince US companies to invest in the country’s energy se...
Volume: 68Issue: 29Published at Fri, 18 Jul 2025 -
HKN Signs Preliminary Deal For Development Of Federal Field
...rces did not retake the field until 2017. Mr Abdulghani says that output is currently piped for processing at the neighboring Ajil field, operated by Kurdish conglomerate Kar. It is currently producing around 10,000 b/d. Output from Ajil and other small NOC fields is typically refined in federal re...
Volume: 68Issue: 29Published at Fri, 18 Jul 2025 -
Israel Strikes Cripple Yemen’s Fragmented Power System
...d refined products to the refinery’s storage tanks to supply the domestic market. SOLAR: A RAY OF HOPE Having suffered through a decade of civil war, many Yemenis have turned to solar PV power for a more stable supply of electricity. Back in 2017 the World Bank estimated around 50-75% of ho...
Volume: 68Issue: 28Published at Fri, 11 Jul 2025 -
Can Iran’s Nuclear Power Program Offset Surging Consumption?
...om their 20GW plan, Iran will be lucky to hit 10% of that mark. According to the International Atomic Energy Agency (IAEA), the only other plant currently under construction in Iran is the 915MW Bushehr-2 plant. Construction began in 2017 with Russian state firm Rosatom at the helm (MEES, 31 Ma...
Volume: 68Issue: 21Published at Fri, 23 May 2025 -
Trump Offers Syria ‘Chance At Greatness,’ Pledges To Remove US Sanctions
...000 b/d of oil and suffered massive damage when ‘Islamic State’ fighters targeted its 88mn cfd capacity processing plant (MEES, 29 September 2017). It was subsequently repaired and operated by GPC, but that also begs the question as to whether the current government would be keen to hand it back. PR...
Volume: 68Issue: 20Published at Fri, 16 May 2025 -
Iran Dreams Of Future Upstream Boom, Eying IOC Return Should US Deal Be Reached
...ich signed up to the giant South Pars gas field’s Phase 11 project (MEES, 23 July 2017). Tehran failed to capitalize on the interest, electing for lengthy negotiations, qualification processes and unrealistic ‘technology transfer’ demands, and ultimately lost investor confidence (MEES, 22 December 2017...
Volume: 68Issue: 17Published at Fri, 25 Apr 2025 -
Israel’s Finance Ministry Seeks Chevron Tamar Ouster
...nin to Energean (MEES, 8 December 2017). Sources within the Tamar partnership believe the dispute will eventually be “resolved amicably” although it could drag out and could potentially impact Chevron’s decision to further invest in Israel. ISRAEL GAS EXPORTS (MN CFD): EGYPT TOOK 78% OF THE 20...
Volume: 68Issue: 13Published at Fri, 28 Mar 2025 -
Iran Signs Local Firms For $17bn, 90tcf South Pars Gas Recovery Boost
...at rapid development of Qatar’s portion of the field could result in migration of gas across the boundary. Qatar previously maintained a 12-year moratorium on further expansion of the field which only ended in 2017 following extensive reservoir studies to determine the optimal development rate. Mr...
Volume: 68Issue: 11Published at Fri, 14 Mar 2025 -
Syria Scrambles For Fuel Supplies Amid Complication Of Continued Sanctions
...yraktar telling CNN Türk on 10 January that his ministry has already sent two delegations to Damascus, with plans to expand its business there. “We have been exporting electricity and fuel oil to Syria since 2017. There are local companies there. They buy from us and distribute. We will be looking for ho...
Volume: 68Issue: 03Published at Fri, 17 Jan 2025