| |
5 Pages

MENA upstream month in brief: 2 September 2016

MENA upstream month in brief: 2 September 2016

Report summary

Notable gas discoveries were made by Sound Energy in onshore Morocco and Shell in Egypt's Western Desert. Eni secured payment guarantees from Egypt for future gas sales from Zohr and Egypt also signed a preliminary gas import deal with Cyprus. In Algeria, Sonatrach signed contracts for the construction of the GR7 pipeline, to transport stranded gas in the southwest of the country to market. In the Middle East, Saudi Arabia achieved record oil production, condensate exports hit an all-time high in Iran and Iraq's North Oil Company restarted exports via Kurdistan. Iraq also appointed a new oil minister and KNOC pulled out of the Sangaw South block in Kurdistan. Elsewhere in the region, Abu Dhabi began importing LNG, Kuwait awarded the second phase of its Jurassic Non-Associated Gas Reserves project and shareholders agreed to Gulf Keystone's restructuring of its balance sheet. 

What's included?

This report includes 2 file(s)

  • MENA upstream month in brief: 2 September 2016 PDF - 296.15 KB 5 Pages, 0 Tables, 0 Figures
  • MENA September 2016 Data Dashboard.pdf PDF - 161.11 KB


This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • Lead stories
  • Other stories from around the region
  • Events to watch
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.