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Morocco Generates Gas Sector Momentum
...ni Mathar and 385MW Tahaddart) until 2021, the kingdom had been looking to reduce its reliance on imports from its rival neighbor (MEES, 30 June 2017). The latest LNG import infrastructure plans, as well as the planned output from Tendrara, are part of a national strategy to diversify energy su...
Volume: 68Issue: 50Published at Fri, 12 Dec 2025 -
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 -
Lower Prices Hit OQEP Profits In Q3
...rrently under testing.” If a commercial discovery is made, it will be the block’s first after previous operator Maersk drilled a series of dry wells (MEES, 17 February 2017). Alongside these two fields it also operates Block 54 (60%), which borders Block 53, where Genel Energy secured a 40% stake in Ma...
Volume: 68Issue: 47Published at Fri, 21 Nov 2025 -
Mauritania’s Banda Integrated Gas Project Progresses
...n provide momentum to this (MEES, 15 August). Banda is located roughly 61km southwest of Nouakchott, to the east of the Chinguetti field (see map). Chinguetti is Mauritania’s only ever commercial oil field, but having started up in 2006 production stopped in 2017. UK major Shell held the su...
Volume: 68Issue: 46Published at Fri, 14 Nov 2025 -
ENEC Speaks with MEES About Abu Dhabi’s Game-Changing Barakah Nuclear Plant
...is is just the beginning for ENEC to deliver even more value for the UAE by supporting the global civil nuclear sector. 1: ABU DHABI’S EWEC GAS FEEDSTOCK REQUIREMENTS FALL 30% FROM THEIR 2017 PEAK DESPITE OVERALL GENERATION SOARING (TWh) 2: ABU DHABI ‘CLEAN’ POWER GENERATION (TW...
Volume: 68Issue: 42Published at Fri, 17 Oct 2025 -
Middle East Exporters Maintain Grip On Korea’s Shrinking Crude Oil Market
...*Middle East exporters continue to dominate Korea’s steadily dwindling crude oil market. Korean crude imports over the first nine months of the year are down 2% to 2.77mn b/d, while the Middle East’s share of the total remains steady at 72%. Korean imports peaked at 3.03mn b/d in 2017 and ha...
Volume: 68Issue: 42Published at Fri, 17 Oct 2025 -
QatarEnergy Expands Offshore Egypt, Partners Shell
...nsiderable acreage nearby. QatarEnergy has moved swiftly to develop a strong presence in Egypt’s upstream as bilateral relations thawed after the end of the 2017-2021 Qatar embargo (MEES, 23 June 2017). Relations are now at their warmest since the 2013 ousting of President Mohamed Morsi. More recently, Eg...
Volume: 68Issue: 41Published at Fri, 10 Oct 2025 -
Adnoc Subsidiaries To Distribute $43bn In Dividends By 2030
...pital through the listing of subsidiaries. The firm made a splash in 2017 when it listed 10% of its retail fuel subsidiary Adnoc Distribution on the Abu Dhabi Securities Exchange (ADX). After the $851mn initial public offering, the energy giant went on to list stakes in five other firms: Adnoc Drilling (20...
Volume: 68Issue: 41Published at Fri, 10 Oct 2025 -
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: 68Issue: 41Published at Fri, 10 Oct 2025 -
Qatar Targets 380,000 B/D From Al Shaheen
...%, TotalEnergies 30%) since 2017. A multi-phase development plan kicked off in 2017 and has helped the firms revive the field’s fortunes. Production appears to be on course to rise above 300,000 b/d this year. Kpler data shows exports increasing by 12% so far this year, implying average output of mo...
Volume: 68Issue: 40Published at Fri, 03 Oct 2025 -
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: 68Issue: 40Published at Fri, 03 Oct 2025 -
BP Signs 5-Well Egypt Deal
...diterranean, where all recent key drillings have taken place. While the rapid decline at WND, which started up in 2017 with the Phase 1 Libra and Taurus fields, will be a sore disappointment for BP, it now provides an opportunity to tie-in nearby finds, given that the development has infrastructure ca...
Volume: 68Issue: 37Published at Fri, 12 Sep 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 -
Europe Probes Second Cyprus-Linked EU-Funded Energy Project
...ate relies on burning fuel oil for power; oil burn accounted for 75% of its power generation last year, with renewables contributing 25%. Cyprus opposition party Akel’s Stefanos Stefanou told lawmakers earlier this month that Cyprus has racked up a €1.3bn ($1.5bn) bill to the EU since 2017 fo...
Volume: 68Issue: 37Published at Fri, 12 Sep 2025 -
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: 68Issue: 35Published at Fri, 29 Aug 2025 -
Israel’s Bazan Refinery Repair Work Extends Into Q4
...8,500 b/d, which was the lowest since 2017, according to Kpler (see chart 3). Supplementing the crude supplied to the two refineries, Israel also imports around 10,000 b/d of vacuum gasoil (VGO), which is used in the refining process and mainly sourced from Russia. Israel stopped importing crude from Ru...
Volume: 68Issue: 34Published at Fri, 22 Aug 2025 -
Saudi Refined Products Exports Soar Amid High Margins
...rir) averaged 325,000 b/d last quarter according to Kpler, the highest such figure in records back to 2017. 1: SAUDI OIL BURN LEVELS ('000 B/D) IN 2025: VOLATILE, BUT AVERAGING BELOW RECENT YEARS *CRUDE PLUS FUEL OIL CONSUMPTION. PRESUMES ALL FUEL OIL BURNED IN POWER PLANTS (SOME IS USED AS...
Volume: 68Issue: 34Published at Fri, 22 Aug 2025 -
Kurdistan’s Miran Partners Target 2027 First Gas
...up to 8tcf and was previously operated by London-listed Genel Energy. The KRG, disappointed by the lack of progress years after signing a gas sales agreement (GSA) with Genel in 2017, revoked the company’s PSC for Miran and the nearby Bina Bawi block in 2021 (MEES, 20 August 2021). Under the te...
Volume: 68Issue: 33Published at Fri, 15 Aug 2025 -
Acwa Power Secures 800MW Solar PV Projects In Morocco
...and CSP technologies in a ‘game-changing’ hybrid model (MEES, 23 June 2017). The 800MW project was awarded back in May 2019 to Abu Dhabi state renewables giant Masdar in partnership with France’s EDF Renewables and local firm Green of Africa (MEES, 31 May 2019). But over five years later, li...
Volume: 68Issue: 32Published at Fri, 08 Aug 2025 -
Leviathan Supplying Jordan’s DEAD Sea Industry
...oor. Leviathan already supplies Jordan’s state utility Nepco. Chevron’s other Israeli field, the 13.7tcf Tamar has been supplying the Arab Potash and Jordan Bromine plants on the Dead Sea since 2017, likely the customers for the new Leviathan volumes, with volumes which averaged around 20mn cfd last year. ...
Volume: 68Issue: 32Published at Fri, 08 Aug 2025