- Sort by:
- Score
- Published ▼
-
Crude Oil Formulas/Posted Prices
...Crude Oil Formulas/Posted Prices ($/B) Iran (+ / - Adjustment Factor; $/B) 2012 2011 Feb Jan Dec Nov Oc...
Volume: 55Issue: 03Published at Mon, 16 Jan 2012 -
KMG EP Moves To Ease Zhanaozen Crisis
...CASPIAN KMG EP Moves To Ease Zhanaozen Crisis KMG EP, the upstream arm of Kazakh state oil and gas firm KazMunaiGaz (KMG), announced on 9 January that it had decided to establish two new subsidiaries that will re-employ the majority of the 2,000 oil workers laid off since June 2011, wh...
Volume: 55Issue: 03Published at Mon, 16 Jan 2012 -
Turkmen President Again Replaces Turkmengaz Chairman
...rough BTC Almost Doubled In 2011 The Socar Trading subsidiary of the State Oil Company of Azerbaijan Republic (Socar) announced last week that Turkmen oil exports via the Baku-Tbilisi-Ceyhan (BTC) pipeline had almost doubled in 2011 compared with 2010, to 2.24mn tons. The company added that Tu...
Volume: 55Issue: 03Published at Mon, 16 Jan 2012 -
Cyprus And Israel Sign Defense Cooperation Agreements
...e exchange of classified information. Relations between the two countries have become steadily closer over the last year since a proposal was made a year ago by Israel’s Delek Group that a joint LNG facility be created on the island’s southern coast (MEES, 17 January 2011). The Delek proposal fo...
Volume: 55Issue: 03Published at Mon, 16 Jan 2012 -
Tamar Partners Sign Gas Sales Contracts
...cember 2011). In its 15 December statement, the IEC said: “As long as only one gas pipeline connecting the production rig and transmission system exists, the company shall purchase only limited quantities of natural gas from the Tamar partners, in order to enable other customers to purchase gas from th...
Volume: 55Issue: 03Published at Mon, 16 Jan 2012 -
Noble To Resume Work On Leviathan-1 Well In Search Of Crude
...ock 12 in the Cyprus exclusive economic zone (EEZ). Noble announced on 28 December the discovery of 7 trillion cu ft of natural gas at the Aphrodite field in Block 12, a year after Noble made a discovery of 16 tcf (now revised to 17 tcf) in Leviathan on the Rachel block (MEES, 3/10 January 2011). In it...
Volume: 55Issue: 03Published at Mon, 16 Jan 2012 -
Jordan Considers More Targeted Subsidies For Basic Items
...t happen in the near future. This could force the government to lift subsidies on electricity and water for high consumers in society. He explained that the 2012 budget is projecting foreign aid of JD870mn ($1,227mn), compared to JD 1,196mn ($1,686mn) in 2011, and warned that should this aid fall be...
Volume: 55Issue: 03Published at Mon, 16 Jan 2012 -
Oman’s 2012 Budget Maintains High Level Of Social Spending
...frastructure. The budget, approved by Royal Decree 1/2012 issued by Sultan Qabus on 2 January, is based on an oil price assumption of $75/B, up 29.3% on $58/B for 2011, and average oil production of 915,000 b/d. Announcing details of the budget in a press conference, Oman’s Minister for Financial Affairs Da...
Volume: 55Issue: 03Published at Mon, 16 Jan 2012 -
'Abd Allah Al-'Attiyah Accorded Rank Of Prime Minister
...nuary 2011, when he was appointed Head of the Ruler’s court (Amiri Diwan), while remaining Deputy Prime Minster in Qatar (MEES, 24 January 2011). More recently, on 29 December 2011 he was also appointed Chairman of the Administrative Control and Transparency Authority, a new entity which was set up to co...
Volume: 55Issue: 03Published at Mon, 16 Jan 2012 -
Ex-Im Bank Approves $638Mn For Qurayyah IPP
...rea. This is the second IPP that Ex-Im Bank has financed in Saudi Arabia. Hajr for Electricity Production Company is 50:50 owned by the project developers and SEC. Saudi company ACWA signed an agreement on 21 September last year with SEC to develop Qurayyah (MEES, 26 September 2011). Originally co...
Volume: 55Issue: 03Published at Mon, 16 Jan 2012 -
RAK Petroleum And DNO International Complete Merger
...troleum as consideration for the merger, increasing the Emirati firm’s shareholding in the Norwegian company from 30% to 42.8%. This merger, however, did not proceed without a share of drama. Oslo-based Petrolia made a bid on 7 November 2011 to buy up to 33.3% in DNO International’s outstanding shares at...
Volume: 55Issue: 03Published at Mon, 16 Jan 2012 -
Attack Halts Production At Hunt-Operated Oil Field In Yemen
...thority (PEPA). This is the latest in a long line of tribal attacks on the war-torn country’s oil infrastructure this year, with one oil executive telling MEES earlier this month that “OMV’s pipeline [from its 15,000-20,000 b/d S2 block] has been attacked 13 times since October [2011].” And with Pr...
Volume: 55Issue: 03Published at Mon, 16 Jan 2012 -
Yemen LNG Meets Supply Targets For 2011 Despite Balhaf Attacks
...YEMEN Yemen LNG Meets Supply Targets For 2011 Despite Balhaf Attacks Yemen LNG successfully delivered all of the liquefied natural gas (LNG) it had committed to supply in 2011, despite an attack on a key gas pipeline in October last year, and is planning this year to export as much LN...
Volume: 55Issue: 03Published at Mon, 16 Jan 2012 -
Israel’s Delek Proposes Building LNG Facility In Cyprus
...gin an exploratory well in Block 12 before the end of 2011. The government of Cyprus is expected to hold its second offshore bidding round by year’s end. Cypriot energy officials have previously told MEES that it may prove better for the success of the next licensing round if Nicosia were to wait for th...
Volume: 54Issue: 03Published at Mon, 17 Jan 2011 -
Rumaila Developers Announce Output Milestone
...d problems with a reformer unit for gasoline production are limiting throughputs to around 200,000 b/d, MEES understands. The ministry is working on fixing this. “By the end of 2011, we should go to or close to nameplate capacity at Baiji,” Iraqi Deputy Minister of Oil for the Downstream, Ahmad al-Sh...
Volume: 54Issue: 03Published at Mon, 17 Jan 2011 -
Utenov: Kazakstan’s Strategic Oil Exports Outlook
...ginning of construction under the CPC Expansion Project is planned for 2011. It is planned to implement the expansion in three stages, fully completing the project by 2015. Q: Which are the main Kazakh fields that will support CPC’s expansion? A: Mainly the Tengiz, Karachaganak and possibly Ka...
Volume: 54Issue: 03Published at Mon, 17 Jan 2011 -
Oil Producers Adopt Higher Crude Prices For 2011 Budgets
...Middle East Economic Survey VOL. LIV No 3 17-Jan-2011 REGIONAL/ OIL PRICES Oil Producers Adopt Higher Crude Prices For 2011 Budgets The climb in crude oil prices has allowed many MENA countries to post a budget surplus for 2010 and hike the price forecast they will use in th...
Volume: 54Issue: 03Published at Mon, 17 Jan 2011 -
WTI Returns To Low $90s/B Range
...the US Energy Information Administration (EIA) amid harsh winter conditions in the northern hemisphere, while demand growth is projected to rise during 2011-12. While economic data continues to impact WTI, the market appears to be once again responding to fundamentals. In its Weekly Pe...
Volume: 54Issue: 03Published at Mon, 17 Jan 2011 -
OPEC Output Hits Two-Year High In Response To Price Surge
...an that for 2009, indicating – given that prices were also higher – that OPEC’s estimate of a slight fall in the appetite for its crude last year is somewhat awry (MEES, 20 December 2010). Demand and price trajectories going into 2011 are uncertain. “The forward curve is very flat,” notes Leo Dr...
Volume: 54Issue: 03Published at Mon, 17 Jan 2011 -
EIA Sees Tightening World Oil Market Over 2010-12
...recast that global demand growth will average 1.4mn b/d in 2011 and 1.6mn b/d in 2012 – compared with an average of 1.3mn b/d annually in 2000-07. It noted that during the 2000-07 period, non-OECD countries accounted for about 75% of total world demand growth, while over the next two years the non-OE...
Volume: 54Issue: 03Published at Mon, 17 Jan 2011