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  1. South Pars Reservoir Faces Challenges

    ...d Venezuela’s PDVSA (10%), which are providing $1bn. POGC says the project is 71% completed offshore and 27% onshore and first production will start in 2012. It is unlikely, however, that the contractor will be able to complete the onshore facilities before 2014. In anticipation of gas being pr...

    Volume: 55
    Issue: 03
    Published at Mon, 16 Jan 2012

  2. China Hedges Bets As South Sudan Votes On Independence

    ...ploration in March and a consortium led by Luxembourg’s Star Petroleum will start exploring Block E. “We estimate that these two blocks have huge reserves which could allow us to add three times the current production to reach maybe 2mn b/d in around 2014 to 2015,” he said, according to AFP. Total sp...

    Volume: 54
    Issue: 03
    Published at Mon, 17 Jan 2011

  3. Unrest Sweeps North Africa

    ...esident Ben Ali called the ongoing nationwide protests “acts of terrorism” and blamed “foreign parties” during a speech on national television. However, on 13 January Mr Ben Ali announced on state television that he would not seek a sixth term in office when his current one ends in 2014. Following the an...

    Volume: 54
    Issue: 03
    Published at Mon, 17 Jan 2011

  4. Utenov: Kazakstan’s Strategic Oil Exports Outlook

    ...ich comes in approximately 2018-19 according to the group of six companies’ estimate. Before the start of oil production under the framework of Kashagan Phase 2 development, the capacity of the existing export systems with full extension of the CPC oil pipeline by the end of 2014 will be enough to ex...

    Volume: 54
    Issue: 03
    Published at Mon, 17 Jan 2011

  5. Iran Petroleum Crisis Claims “Fundamentally Unsound”, Says Fesharaki

    ...that, absent some change in Iranian policy, this ratio will be 0.33-0.46, with exports declining to zero by 2014-15. Energy subsidies, hostility to foreign investment, and inefficiencies in its state-planned economy underlie Iran’s problem.” Mr Stern adds that the export decline rate estimate is...

    Volume: 50
    Issue: 03
    Published at Mon, 15 Jan 2007