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MENA upstream month in brief: 2 December 2015

MENA upstream month in brief: 2 December 2015

Report summary

Iran stole the limelight in November, unveiling its new petroleum contract along with a list of 70 development and exploration opportunities that will be offered to eager investors.  The announcement came just days after the US signed a memorandum lifting restrictions on sales of Iranian crude. Exports are already on the rise.
Elsewhere, a number of major  projects in Egypt, Iraq and Saudi made substantial progress, though costs at Zohr are expected to rise, and Noble and BG made strategic moves in the Eastern Med. A flurry of corporate activity saw rumours of M&A at Genel and Apache, while Oxy and TransGlobe made major exits.  Iraqi production hit a new high since the introduction of the Basrah Heavy blend, though output from Libya fell as the Zueitina terminal closed down again.

What's included?

This report includes 2 file(s)

  • MENA upstream month in brief: 2 December 2015 PDF - 279.51 KB 3 Pages, 0 Tables, 0 Figures
  • MENA Dashboard 2nd December 2015.pdf PDF - 156.55 KB


The MENA upstream month in brief covers the Middle East and North Africa upstream sectors.

It is your one-stop report for the most important events across the upstream industry in the Middle East and North Africa.

This report provides our expert opinion and analysis on the significant happenings during the month past, and looks forward to events to watch out for in the coming month.

Keep informed of events in exploration, licensing, drilling, fiscal & regulatory changes, and corporate activity.

Also included is a data dashboard, providing a snapshot of the most important data points of the past month.

  • Lead stories
  • Other stories from around the region
  • Events to watch
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