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MENA upstream month in brief: 2 June 2016


MENA upstream month in brief: 2 June 2016

Report summary

Iran’s crude oil exports surpassed 2 million b/d in May, while CNPC and Sinopec increased their commitment to the Azadegan North and Yadavaran developments. In Israel, the  Cabinet approved an amended version of the ‘stability clause’ of the Gas Outline Agreement. This a positive development for the US$6.8 billion Leviathan project. Libya came closer to unifying its petroleum sector while Egypt’s  EGPC launched a new bid round. Saudi Arabia replaced its long-serving oil minister Ali al-Naimi with Khalid al-Falih, and ADNOC’s operating companies made several changes to its senior management. Oman’s proposed LNG tax increase tabled in December 2015 moved a step closer to implementation. While in Qatar, the Al Shaheen retender process progressed as Qatar Petroleum received bids for the post contract agreement. Algeria and Jordan signed an MOU for the former to supply the latter with LNG. Elsewhere in North Africa, PA Resources, Cooper Energy and Circle Oil continued to struggle.

What's included?

This report includes 2 file(s)

  • MENA upstream month in brief: 2 June 2016 PDF - 266.21 KB 4 Pages, 0 Tables, 0 Figures
  • MENA June 2016 Data Dashboard.pdf PDF - 147.44 KB

Description

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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