Insight
MENA upstream month in brief: 3 May 2016
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The OPEC meeting held on 17 April ended without an agreement. The refusal of Iran and Saudi Arabia to agree to a freeze at January 2016 levels means that OPEC will need more time to reach a consensus. The effect of the failed meeting on the oil price was dampened by events in Kuwait, where a wide ranging strike of public sector employees caused a significant reduction in oil production. At the same time, Iran continues to ramp up production. Saudi Arabia also published 'Vision 2030', an ambitious plan to diversify its economy with confirmation of plans to list a portion of Saudi Aramco. Meanwhile, an Indian consortium eyed up a stake in the ADCO Concession whilst Chinese investors held talks over extending buy-back contracts in Iran. In Egypt, Eni continued to fast track its Zohr development and BP broke ground at its gas processing plant for Raven. Elsewhere in North Africa, Petroceltic's troubles continued and Beach agreed to sell out of Abu Sennan.
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:
Other reports you may be interested in
Asset Report
Seram Non-Bula
The Seram Non Bula PSC is located in the Seram Basin, onshore Seram Island in eastern Indonesia, and contain the producing Oseil and ...
$3,720
Asset Report
Sarqala Development Area
The Sarqala oil field is located in the Zagros Foldbelt of the Kurdistan Region of Iraq (KRI), approximately 100 kilometres southeast ...
$3,720
Asset Report
Canada Oil Sands other fields (sub-commercial)
Summaries and project detail on 58 oil sands projects that we hold technical reserves for.
$6,900
