Insight

MENA upstream month in brief: 3 February 2016

Get this report

$450

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- Available as part of a subscription
- FAQ's about online orders

03 February 2016

MENA upstream month in brief: 3 February 2016

Report summary

“Implementation day” arrived in Iran, lifting US and EU nuclear related oil and banking sanctions and paving the way for foreign investment in its upstream sector.  Iran will gradually increase oil production and exports towards their pre-sanctions levels and will push to sell its crude and condensate stored in its tankers first.  Meanwhile, President Rouhani inaugurated Phases 15 and 16 of its giant South Pars gas field.  But a long awaited conference unveiling Iran’s  new fiscal terms was postponed indefinitely. Elsewhere, the low oil price environment led Saudi Aramco to announce it was considering an IPO, whilst Shell exited UAE’s undeveloped Bab sour gas project and Algeria’s Sonatrach postponed shale drilling.  Oman announced possible LNG tax hikes and service companies reported losses of around 20% across the Middle East.  Prospects for a recovery to Libyan oil production diminished as the Islamic State attacked ports in the East.

Table of contents

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

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    MENA upstream month in brief: 3 February 2016

    PDF 274.47 KB

  • Document

    MENA February 2016 Data Dashboard.pdf

    PDF 144.54 KB

  • Document

    MENA upstream month in brief: 3 February 2016

    ZIP 364.75 KB

Other reports you may be interested in

Browse reports by Industry Sector