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Hayan Abdulghani Appointed Iraq’s Oil Minister
...tired in 2020. He was previously the chairman of Basrah Gas Company (BGC) and director general of South Gas Company (SGC). Mr Abdulghani was appointed director general of SGC in 2017, switching from his previous role as director general of Basrah Oil Company (BOC), which oversees Iraq’s largest oil fi...
Volume: 65Issue: 43Published at Fri, 28 Oct 2022 -
Saudi Oil Burn Dips From Record High
...After hitting an all-time high in June, Saudi oil burn dropped by 170,000 b/d in July (see data, p18). While a July drop is unusual, the 1.31mn b/d monthly average was still the second highest July figure on record – behind only 2017’s 1.39mn b/d. Oil burn peaks during the summer when surging de...
Volume: 65Issue: 38Published at Fri, 23 Sep 2022 -
UK Considers Israel Embassy Move to Jerusalem
...ptember during a meeting at the United Nations. Any such move is likely to draw widespread criticism, especially from the Palestinian Authority, which also heavily criticized Mr Trump’s 2017 decision. It also risks further entrenching tensions with the current US administration and EU states....
Volume: 65Issue: 38Published at Fri, 23 Sep 2022 -
Algeria’s Petchems Push
...mething of a resurrection of previous plans that have struggled to advance (MEES, 3 February 2017). Of the two, one is a 1mn t/y mixed feed cracker slated for the industrial zone at the port of Skikda, while the other is a new methanol plant at Arzew for which previous plans stated a 1mn t/y ca...
Volume: 65Issue: 33Published at Fri, 19 Aug 2022 -
UAE’S First Waste-To-Energy Plant Begins Testing
...become the Middle East’s first zero-waste city.” The plant, developed by Abu Dhabi state utility Adpower, incorporates moving grate technology to process and burn waste to drive a steam turbine generator set EWEC is led by Abu Dhabi state renewables firm Masdar and was formed in 2017 with the go...
Volume: 65Issue: 18Published at Fri, 06 May 2022 -
Kuwait Cabinet Resigns, Again
...pacting the government’s ability to pass a much-needed debt law, reduce bloated spending, and diversify the economy away from oil reliance. On 4 April, local Kuwaiti Al Anbaa reported that finance ministry documents showed that since “the public debt law’s validity ended in October 2017,” Kuwait withdrew “ab...
Volume: 65Issue: 14Published at Fri, 08 Apr 2022 -
Lebanese Power Operator Primesouth Files Arbitration Against Iraq
...ngled out the project for corruption since initial plans were made public in 2017. A little-known Dubai based Iraqi oilfield services subcontractor called Al Nukhba Energy was accused of corruption after the electricity ministry chose it to deliver the work. In April 2019, the Iraqi cabinet awarded the 10...
Volume: 65Issue: 12Published at Fri, 25 Mar 2022 -
Wintershall Dea and Sonatrach Eye Low Carbon Opportunities
...ggane Nord project which started up in 2017. Algeria is hoping to convert several MoUs signed with IOCs to concrete investment deals under its recently activated 2019 oil law. Eni is so far the only confirmed company to have been awarded a concession under the law’s improved terms (MEES, 17 December 20...
Volume: 65Issue: 08Published at Fri, 25 Feb 2022 -
Borouge Partners Consider IPO
...noc Distribution shares began trading in 2017 (MEES, 1 December 2017), while an IPO of Adnoc Drilling was carried out last year (MEES, 10 September 2021)....
Volume: 65Issue: 07Published at Fri, 18 Feb 2022 -
BP/Equinor Algeria Gas Output Rebounds In 2021
...is was still almost 300mn cfd lower than 2017’s record 815mn cfd. In Salah’s output rose 19% to 571mn cfd in 2020 – the second lowest on record after 2020’s 481mn cfd. Partners BP, Equinor and Sonatrach have struggled to halt production declines over the years, despite the completion of field tie-in...
Volume: 65Issue: 06Published at Fri, 11 Feb 2022 -
NEW EGPC CHAIRMAN
...Egypt’s Petroleum Minister Tarek El Molla this week appointed Alaa El Batal as the new Chairman of state oil firm Egyptian General Petroleum Corporation (EGPC). Mr Batal succeeds Abed Ezz El Regal, who is retiring having headed EGPC since March 2017. Mr Batal took up his duties on 26 January, ha...
Volume: 65Issue: 04Published at Fri, 28 Jan 2022 -
Iran-Turkey Gas Flows Halt
...rkish booster station is preventing flows. Iran was Turkey’s second largest gas supplier behind Russia for the first ten months of 2021, providing 8.1bcm. This would already by the highest full-year figure since 2017’s 9.25bcm. Iran’s Turkey gas supply contract expires at end-2025. Iran’s Petroleum Mi...
Volume: 65Issue: 03Published at Fri, 21 Jan 2022