Insight
New Year's resolution, OPEC-style: MENA upstream month in brief
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
OPEC agreed to cut production by 1.2 million b/d which represents a major policy shift. This means a production cut of 4.5% for most, but not all, members. Under the deal, Iranian production is likely to increase. Total signs MoU to develop South Pars Phase 11 in Iran, potentially the first deal with a foreign major under an IPC. The agreement reflects confidence the nuclear deal will survive Donald Trump’s election to the White House. The Egyptian government floated its currency and cut subsidies on fuel and gas to secure a US$12 billion loan from the IMF. Eni sold 10% of the Zohr gas field to BP for a total US$525 million. The Israel licence round was launched for 24 deepwater blocks.
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
Insight
Energy Pulse: Supply chain constraints limit the growth of gas-fired generation in the US
Renewables and storage, and slower retirements of coal plants, are needed to meet rising US electricity demand, driven by new data centres
$3,000
Country Report
Angola upstream summary
Sub-Saharan Africa's second-largest oil producer is expecting more FIDs and increasing capital investment. Fiscal improvements have helped.
$11,340
Insight
MENA upstream month in brief: Qatar asserts its dominance in the global gas market
April key stories from the Middle East and North Africa upstream sector, with Wood Mackenzie's expert opinion and analysis.
$450
