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'.

Oil & Gas

11 Jun, 2021

Featured

Libya's Oil Plans

Libya hopes to hike output to 2.1mn b/d by 2025. But it can’t do it alone. Billions are needed to kickstart projects and revitalize crumbling oil infrastructure.
Libya Plans To Add Over 1mn b/d To Its Current Production To Reach Its 2025 Goal ('000 b/d)
Oil & Gas

11 Jun, 2021

Top Story

Egypt’s Zohr Struggles With Water Breakthrough

Zohr hit 3.2bn cfd capacity in February. But this has proven unsustainable. Repeated problems with water breakthrough have seen output slump below 2.5bn cfd. More drilling is needed in a bid to restore output, with no guarantee of success.
Egypt's Gas Output And LNG Exports Have Both Slumped From Records* Hit In March
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NEWS IN BRIEF

Suez Canal: Rebound To April Record After March Blockage

11 Jun, 2021

Abu Dhabi’s Mubadala Invests In Aramco Pipelines

11 Jun, 2021

Turkey Makes New Black Sea Find

11 Jun, 2021

Israel Set For New Government

11 Jun, 2021

Iraq Oil Revenues Hit 16 Month High

11 Jun, 2021

Global Upstream Investment Switching To NOCs

4 Jun, 2021

Pharos Makes Progress On Egypt Farm-Out

4 Jun, 2021

Egypt Studies Interconnection with Iraq via Jordan

4 Jun, 2021

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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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