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Qatar Eyes Substantial $8bn Surplus For 2023
...ded, alluding to the 2017-2021 embargo of Qatar by many of its neighbors. The embargo ended in January 2021, but with Doha having restructured its trade patterns there has been no full return to the previous status quo (MEES, 25 November). Qatar invested heavily in its infrastructure in preparation fo...
Volume: 65Issue: 51/52Published at Fri, 23 Dec 2022 -
Iraq’s New PM Sudani Eyes Diplomatic Gains From Saudi Summit
...November). BROTHERS AND FRIENDS Bilateral Saudi-Iraqi relations had warmed during the tenure of Mr Sudani’s US-backed predecessor Mustafa al-Kadhimi, continuing a trend that had begun in earnest in 2017 with PM Haider al-Abadi as Riyadh sought to counter Iran’s influence in Baghdad (ME...
Volume: 65Issue: 49Published at Fri, 09 Dec 2022 -
Qatar’s Neighborly Exports Jump As Regional Leaders Reconcile
...e extent to which regional states are seeking to draw a line under the damaging Qatar embargo which lasted from June 2017 until January 2021 (MEES, 8 January 2021). That embargo was finally brought to an end at the 5 January 2021 GCC summit at Al Ula in Saudi Arabia. Disagreements may still happen be...
Volume: 65Issue: 47Published at Fri, 25 Nov 2022 -
Kuwait Reshuffles Oil & Gas Sector Leadership
...reverse capacity losses which saw KOC’s crude oil capacity fall to a 12-year low of 2.63mn b/d for 2020-21 (MEES, 22 October 2021), down from a peak of 3.15mn b/d in 2017-18. KOC’s new target is to reach 3.2mn b/d capacity by 2025 as part of KPC’s overall target of 3.5mn b/d. The other 30...
Volume: 65Issue: 45Published at Fri, 11 Nov 2022 -
One Year After Elections, Iraq Finally Gets PM Nominee
...tober 2017). While Mr Sudani’s links to Mr Maliki may point to difficulties on the horizon, he has also served as Chairman of the Energy Committee of the Iraqi-Saudi Coordination Council. This could bode well for Iraq’s previous efforts to attract Saudi energy investment (MEES, 22 July). WHAT NE...
Volume: 65Issue: 41Published at Fri, 14 Oct 2022 -
Tunisia’s Oil & Gas Output Falls Amid IOC Disinterest
...thout considering the firm’s limited technical capabilities. For Shell, the exit has been a long-time coming. It has only reluctantly operated in Tunisia since being landed with Miskar and Hadsrubal through its 2016 takeover of BG Group. It tried and failed to sell the assets for $500mn in 2017 (ME...
Volume: 65Issue: 34Published at Fri, 26 Aug 2022 -
Iran’s Energy Sector: Lots Of Bluster But Limited Progress
...m/year to the sultanate for re-export through the Oman LNG facilities (MEES, 14 March 2014). Notably, Oman was to be supplied with volumes from the Kish field. In 2017 a new route was approved to avoid UAE waters (MEES, 24 March 2017), but other than that there was no apparent progress between the ea...
Volume: 65Issue: 31Published at Fri, 05 Aug 2022 -
Kuwait’s Emir Appoints Eldest Son As PM
...bt law’s validity ended in October 2017,” Kuwait withdrew “about KD19.8bn” ($65bn) from its General Reserve Fund (GRF). The fund is now almost exhausted (MEES, 28 January). ...
Volume: 65Issue: 30Published at Fri, 29 Jul 2022 -
Syria Oil-For-Aid Initiative: Can It Gain Traction?
...the Block 26 assets, Gulfsands says it receives regular updates from GPC personnel who retain access to the fields. Based on these updates, production has actually been remarkably steady at around 20,000 boe/d (mostly crude) since the restart of regular production in 2017 (see chart). Fo...
Volume: 65Issue: 26Published at Fri, 01 Jul 2022 -
KRG Hands Baghdad Oil Sector Counter-Proposal
...om the Federal Court of Canada over 700,000 barrels in June 2017. In both cases, the KRG successfully re-routed the cargos elsewhere to avoid their seizure. Crucially, Iraq and Turkey are still party to lengthy arbitration over the KRG’s utilization of the pipeline to Ceyhan for exports. The le...
Volume: 65Issue: 25Published at Fri, 24 Jun 2022 -
Libya Sees Smuggling Surge As Oil Prices Rise
...werbrokers. Naturally, the practice puts a huge strain on state coffers and means Libya is effectively paying hundreds of millions each year to smugglers to enrich themselves. Between 2017 and 2021 Libya spent almost $14bn on fuel subsidies according to figures from the central bank (see chart 2). A su...
Volume: 65Issue: 20Published at Fri, 20 May 2022 -
Qatar Snags Egypt Mediterranean Block As Relations Advance
...ismic-only commitment. Should Exxon and QE then move to a second two-year phase this comes with a commitment to drill three wells. CYPRUS CONNECTION QE’s entry into North Marakia marks a growing partnership with Exxon in the Mediterranean following the April 2017 award of Cyprus’ of...
Volume: 65Issue: 13Published at Fri, 01 Apr 2022 -
Iran Eyes Qatar As Diplomatic Bridge
...s Exporting Countries Forum (GECF) meeting in Doha. Qatar has always sought to maintain cordial relations with Iran, and the 2017-21 embargo of Qatar by its GCC neighbors strengthened ties between Doha and Tehran. Raisi alluded to this, saying that Iran “in difficult times always stands by the in...
Volume: 65Issue: 08Published at Fri, 25 Feb 2022 -
Iraq’s Supreme Court Rules Against KRG Oil Independence
...venues of 250,000 b/d of oil exports. For the 2018 federal budget, both parties had agreed to hand over the volume to Somo for marketing but the deal did fell through (MEES, 17 November 2017). Since then, budget laws passed by parliament had the revenues added but the KRG never fulfilled the obligation. Th...
Volume: 65Issue: 07Published at Fri, 18 Feb 2022 -
Eastmed-To-Europe Gas Pipeline Loses Key Us Support
...chstein, who is currently serving as the State Department’s Senior Advisor for Global Energy Security, in 2017 labeling the EastMed route a “Pipedream”. East Med-to-Europe energy tie-up ambitions are now set to move on to only slightly less ambitions high voltage power interconnectors. And for now the US...
Volume: 65Issue: 03Published at Fri, 21 Jan 2022