Insight
MENA upstream month in brief: Libya producing, OPEC reducing
Report summary
MENA OPEC-members appear to be complying with production cuts. Libya, exempt from these cuts, has increased output to 715,000 b/d, with ambitions to reach 1 million b/d by the end of 2017. Activity in Iran is set to grow, as the first batch of international companies pre-qualify, and OMV signs an MoU. M&A has kicked off strongly in 2017, focused on North Africa as expected. Concessions in Abu Dhabi are extended, and Oman's Habhab heavy oil field is put up for tender.
Table of contents
- Lead stories
- Other stories from around the region
- Events to watch
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