Corporate

MENA has the world's largest upstream reserves. But tough terms and, in some countries, an outright ban on foreign operators, means it is often a difficult hunting ground for international oil firms. Total sees the advantage in low-cost barrels in Abu Dhabi, and underpriced (it reckons) Libya assets. Chinese and Russian firms are also expanding. But many US firms are pulling back, eyeing better returns in domestic shale.

Choose Countries
Load more

SELECTED DATA

Sabic Quarterly Revenue ($bn): 2Q20 Total $6.57bn Down 44% From 3Q18's $11.7bn

1: PSC Hedge: Apache’s Net Take Increased 9% In Q2 Due To Lower Prices (‘000 BOE/D)

Eni Net Egypt Output: Gas Slumps To 2-Year Low, Oil At Lowest Since 2005

Get Our Headlines Weekly

Keep abreast with current events with our weekly headlines.
You’ll also be notified of our free articles & maps.

By signing up, you agree to receive promotional emails. You can unsubscribe at any time. For more information, read our privacy statement.