Understanding The Forward Global Oil Balance

Understanding The Forward Global Oil Balance

IE Week in London has come and gone. Unsurprisingly, the escalation of tensions between the US and Iran — and the risk of kinetic confrontation — dominated discussions (MEES, 13 February). Geopolitics trumped (no pun...

Iraq: Expedited Lukoil Settlement Talks

In a 17 February decision, the Iraqi government agreed to pursue a settlement with Lukoil at its 480,000 b/d-capacity West Qurna-2 (WQ-2) oilfield. The private Russian company submitted a settlement and assignment propos...

States Buy Into Gaza Board Of Peace

US President Donald Trump’s “Board of Peace” has held its first meeting after being officially formed in January (MEES, 23 January). On 19 February, Mr Trump said the US will commit $10bn to reconstruct Gaza, and t...

MIDOR Reaches Peak Capacity of 170,000 bbl/d

MIDOR Reaches Peak Capacity of 170,000 bbl/d

The Middle East Oil Refinery (MIDOR) has officially reached its maximum production capacity following the successful completion of comprehensive maintenance, marking a strategic shift toward Egypt’s energy self-suffici...