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Energean Eyes Full Control Of Key Israel Subsidiary
...London-listed Greek firm Energean is in talks to take full control of its Energean Israel subsidiary by buying-out 30% partner Kerogen Capital. Kerogen initially in February 2017 paid cash-strapped Energean $50mn for a 50% stake in its core Israel assets, before the Greek firm exercised an op...
Volume: 63Issue: 50Published at Fri, 11 Dec 2020 -
UAE Nuclear Power Plant Hits Full 1.4GW Capacity On Test
...pco connected Barakah-1 to the grid in August. Before the plant begins commercial operation, it will be shut down for a check outage “for several months.” The first Barakah reactor was originally slated for 2017 start-up, with the three similar units to follow at yearly intervals. But a scandal ov...
Volume: 63Issue: 50Published at Fri, 11 Dec 2020 -
Barakah Reactor At 80% Capacity
...ll capacity while its performance is monitored. Nawah says that once 100% output is achieved, the plant will be gradually shut down for a check outage which “takes place over several months.” Barakah-1 was planned for start-up in 2017, with the other three units to be brought on line at yearly in...
Volume: 63Issue: 47Published at Fri, 20 Nov 2020 -
Tunisia: Southern Output Returns
...ocked output from Tataouine province, calling on Tunis to implement a 2017 deal on promising investment and jobs (MEES, 18 September). The new deal stipulates that the government create a development fund, hire 1,000 workers and drop charges against protesters arrested during the unrest. The bl...
Volume: 63Issue: 46Published at Fri, 13 Nov 2020 -
Dana Makes Sukuk Payment
...UAE-based, KRG focused independent Dana Gas announced 2 November that it has “fully redeemed the $309mn” outstanding balance of a Sukuk issued on 31 October 2017. Dana, which has a history of strained relations with its Sukuk holders (MEES, 18 August 2017), had already made $221mn worth of re...
Volume: 63Issue: 45Published at Fri, 06 Nov 2020 -
Masdar Wins Big Rooftop Solar
...rget figure for rooftop solar capacity, but introduced energy netting regulations in January 2017 to encourage development of systems up to 5MW (MEES, 15 February 2019). Masdar is involved with France’s EdF in two of the largest regional solar projects: 2GW Al Dhafra in Abu Dhabi for start-up in 20...
Volume: 63Issue: 42Published at Fri, 16 Oct 2020 -
Apicorp Funding Dubai Solar
...abi’s Masdar and France’s EdF, are Abu Dhabi’s Union National Bank, Saudi-based Islamic Development Bank, Apicorp, France’s Natixis, Germany’s Siemens Financial Services, Korea Development Bank and Canada’s EDC (MEES, 16 June 2017). ...
Volume: 63Issue: 41Published at Fri, 09 Oct 2020 -
UAE Nuke Plant Hits 50% Load
...it 2.” Barakah’s four units were intended to start up during 2017-20, but a fake safety certificates scandal in Korea halted Kepco’s work on the first plant to deploy the reactor used at Barakah, delaying operator training and thus operating license awards by three years. With nuclear state regulator FA...
Volume: 63Issue: 39Published at Fri, 25 Sep 2020 -
EOG Enters Omani Upstream
...Oman secured a notable new player in its upstream sector this week, with US firm EOG Resources signing an Exploration and Production Sharing Agreement (EPSA) for Block 36. EOG joins Canada’s Apex, which has been the sole player at the block since Norway’s DNO exited in 2017 after drilling a du...
Volume: 63Issue: 38Published at Fri, 18 Sep 2020 -
Taqa Places Moroccan Bond
...al-fired power plant, with combined capacity of 1.356GW, for 17 years from 2017 to 2044 (MEES, 31 January). Taqa says bond placement provides “an opportunity to further optimize its capital structure” and that the PPA extension is “enhancing value by extending the company’s debt repayment profile.” Ta...
Volume: 63Issue: 38Published at Fri, 18 Sep 2020 -
Tunisian PM Resigns
...ly blocked the main oil pumping station at Kamour, threatening output losses from the south. The protestors say the government must live up to a 2017 agreement which promised investment and jobs in the region’s oil industry (MEES, 26 June). ...
Volume: 63Issue: 29Published at Fri, 17 Jul 2020 -
Tunisians Demand Oil Jobs
...Protestors clashed with police in Tunisia’s southern Tataouine province this week demanding the government hand jobs to the unemployed in the region’s oil industry. In 2017 protestors blocked the region’s main pipeline at Kamour, shutting in all oil and gas output from Tataouine and Ke...
Volume: 63Issue: 26Published at Fri, 26 Jun 2020 -
Oman Smashes Output Records
...,000 b/d in 2017 to 148,000 b/d so far this year – mainly a product of the Khazzan gas field ramp up and 2018 and the Rabab Harweel project coming online last year (MEES, 6 December 2019). ...
Volume: 63Issue: 22Published at Fri, 29 May 2020 -
BP: New North Africa Chief
...me online in March 2017. Together with a 10% stake in Eni’s giant Zohr field (see p6) WND helped boost BP’s net Egypt gas output to a record 952mn cfd for 2019. The North Africa total was 1.14bn cfd including 86mn cfd from Algeria. Oil output was 49,000 b/d (34,000 b/d Egypt, 15,000 b/d Algeria). Bu...
Volume: 63Issue: 21Published at Fri, 22 May 2020 -
Egypt Lines Up Ammonia Project
...ll provide feedstock for a 350,000 t/y ammonium nitrate plant that EHC started up at Ain Sukhna in 2017. Tecnimont says the project will take 36 months from the contract effective date, which “will be triggered by financial closing of the project.” Tecnimont says EHC is negotiating with Italy’s Sace an...
Volume: 63Issue: 20Published at Fri, 15 May 2020 -
Qatar: Record Q1 Power Output
...Qatar’s state generator QEWC delivered record Q1 output of 8.64TWh for the first three months of 2020 (see chart 1). This follows a record 48.6TWh for 2019, up 23% on 2018 and 11% above the previous record of 43.9TWh in 2017. But it remains to be seen if the monthly record of 5.65TWh set la...
Volume: 63Issue: 19Published at Fri, 08 May 2020 -
Adnoc’s Ruwais At 46% Capacity
...alysts’ call that “we see a ramp-up in the next two months.” Mr Seele noted that there have been problems with the residue fluid catalytic cracker at 417,000 b/d Ruwais West and that he was optimistic the shutdown would be used to improve RFCC reliability. The refinery was shut down in January 2017 af...
Volume: 63Issue: 18Published at Fri, 01 May 2020 -
Algeria Inks E&P MoUs
...omising discoveries in Libya until it quit the war-torn country in 2017. The Turkish state firm is also currently causing headaches for Cyprus with its ‘exploration activities’ in the eastern Mediterranean (see p3). ...
Volume: 63Issue: 16Published at Fri, 17 Apr 2020 -
Saudi Products Exports Slump
...ports of 89,000 b/d. However, for January, this switched to net imports of 7,000 b/d. This marked the first time since May 2018 in which the kingdom was a net importer of the fuel. Moreover, the 383,000 b/d net exports of diesel was the lowest since January 2017. ...
Volume: 63Issue: 12Published at Fri, 20 Mar 2020 -
Egypt Refiners Hit New Highs
...tput (MEES, 24 January). Jet-kero output was a record 68,000 b/d in January, while at 173,000 b/d diesel was the highest since July 2011. Gasoline output was 98,000 b/d, down from December’s all-time high 103,000 b/d, while 87,000 b/d of naphtha was the highest monthly level since August 2017 (see ch...
Volume: 63Issue: 12Published at Fri, 20 Mar 2020