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

26 May, 2023

Featured

Israel Gas Records

Israel’s gas output hit a new record 2.4bn cfd for Q1, with a record 869mn cfd headed to gas-thirsty Egypt. Oil output hit a record 12,400 b/d as Karish ramps-up.
Israel Gas Output Hit A Record 2.36bn cfd For Q1 As Karish Ramped Up (bn cfd)
Oil & Gas

26 May, 2023

Top Story

Algeria Gas Focus As Crude Falls Below 1mn b/d

Algeria’s crude output is down in line with Opec+ commitments. Cuts came as the country was struggling to maintain output above 1mn b/d at its mostly ageing fields. With less of a need for gas reinjection to maintain crude output, Algeria can fulfil its commitments to boost gas exports.
Algeria Crude Output (‘000 b/d): This Year’s Lower Opec+ Targets May Come As A Relief Given That Late-2022 Output Levels Looked Unsustainably High
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NEWS IN BRIEF

Egypt-Turkey Normalize Relations

2 Jun, 2023

Adnoc L&S IPO Raises $769mn

2 Jun, 2023

Kuwait Set For 6 June Parliamentary Elections

2 Jun, 2023

Energean Renames Israeli Gas Finds

2 Jun, 2023

Boskalis Wins Crucial Iraq Pipeline Contract

2 Jun, 2023

KPC Plans Oil Trading Arm

26 May, 2023

Kuwait Eyes Petchems Integration At Al Zour

26 May, 2023

Iraq Finalizing Details For Sixth Licensing Round

26 May, 2023

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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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