MENA upstream month in brief: 5 July 2016
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Report summary
In June, Total was awarded a 30% stake in Al Shaheen, Qatar. BP made progress offshore Egypt, sanctioning the first phase of its Atoll development, as well as announcing the Baltim South West gas discovery with partner Eni. In Iran the NIOC selected 8 potential IPC partners for IOCs/NOCs. However, the Oil Minister, Zanganeh, faces increasing internal hurdles on the IPC. Noble Energy had its development plan for Leviathan approved on 2 June in Israel. Other big news from Israel includes Harel buying a 3% stake in Tamar from Noble. Algeria has shaken things up replacing Salah Khebri as Energy Minister. Abu Dhabi's Mubadala Development Company and IPIC are set to merge.
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