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

15 Jan, 2021

Featured

Saudi Crude Exports To Take Fresh Hit Amid Voluntary Cuts

Saudi crude exports for 2020 were the lowest in a decade. Deep output cuts in February and March will cause a further hit, but 2021 as a whole may still be up.
Saudi Oil Exports (Mn B/D)
Oil & Gas

26 Feb, 2021

Top Story

Eni Eyes LNG-Fueled Zohr Record For 2021

Eni expects Zohr output to average 2.7bn cfd for 2021, up 27% from 2020, boosted by the restart of LNG exports from its Damietta terminal. But MEES number-crunching indicates that precipitous decline elsewhere means even this will not be enough to see the firm’s Egypt output regain 2019 levels.
Zohr Output Fell 6% To 2.1bn cfd For 2020 But Rebounded To A Record 2.6bn cfd, Over 40% Of Egypt's Total, For Q4. Eni Projects An Annual Record Of 2.7bn cfd For 2021 (Bn Cfd)
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NEWS IN BRIEF

Iraq Freezes Oil Prepayment Deal With Zhenhua

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Total Plans Solar-Powered Oman LNG Bunkering

26 Feb, 2021

Qatar: Saipem $1.7bn Offshore Award

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Qatar-Bangladesh LNG Deal

26 Feb, 2021

Lamprell: First Saudi LTA Award

26 Feb, 2021

Oman: Masirah Targets 30,000 B/D By End-March

26 Feb, 2021

Israel: Technip Bags Karish North EPC

26 Feb, 2021

KRG Fields Hit New Output Peaks

19 Feb, 2021

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SELECTED DATA

Saudi Arabia: Oil & Overall Rig Count At 10-Year Low

Oman’s Rig Count Is At The Lowest Since 2013

1: Algeria’s Oil Output Is Set For Its Lowest Level Since At Least 1993 With Exports Also At Record Lows (Mn B/D)

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