Oil & Gas
Key MENA countries rely on oil & gas for well over 50% of their revenue. For Iraq and Algeria, hydrocarbons provide over 90% of their export earnings. Whilst Saudi Arabia has a (so far largely rhetorical) National Transformation Plan, other countries have barely begun to consider how to adapt to the looming 'energy transition'.
10 Jan, 2025
Featured
Apache Expands In Egypt
After agreeing a 60% higher gas price of $4.25/mn BTU for new output, Egypt’s main onshore upstream player, Apache, has significantly expanded its Western Desert acreage, cementing an already dominant position in Egypt’s key oil province.
Apache Egypt Oil Output Flatlines, Gas Edges Up From Q2’s Record Low
10 Jan, 2025
Top Story
Exxon Strikes Gas In Egypt’s West Med But Chevron Well Flops
Exxon has seemingly struck gas with its first ever Egypt well, and only the third in Egypt’s new West Med region. But the region’s second well, drilled by Chevron, flopped, whilst Shell has signed up for a new large block further offshore.
Egypt: Recent & Ongoing ‘West Med’ Exploration
NEWS IN BRIEF
BP-Kirkuk: Not Quite There
17 Jan, 2025
Total Cuts Iraq Flaring
17 Jan, 2025
Petro Rabigh Eyes Enhanced Crude-To-Chemicals
17 Jan, 2025
Iran Gasoline Consumption Up
17 Jan, 2025
Adnoc Gas Targets Graphene
17 Jan, 2025
Adnoc Gas Awards $2.1bn Contracts For Ruwais LNG
10 Jan, 2025
Adnoc Completes $1bn Shipping Takeover
10 Jan, 2025
SELECTED DATA
Gas Output At Egypt's WDDM Is Down 80% Over The Last Decade (mn cfd)
Gas Output From Eni’s Egypt Mediterranean* Concessions Fell 16% For 2020 (bn cfd)
Egypt Gas Output Up 12% QOQ To Record 6.96bn cfd For Q1 As Zohr Ramp-Up Continues (bn cfd)
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