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In Amenas Attack Heightens Security Tensions – In Libya As Well As Algeria
...stability on the “Pandora’s box” of weapons which had spread across North Africa following Libya’s 2011 conflict. “It is absolutely essential that we broaden and deepen our counterterrorism cooperation going forward with Algeria and all countries of the region,” Ms Clinton said, adding that she had visited Al...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
Saudi Arabia, Qatar Push Offshore Upstream Development
...nce he took over leadership of the ministry in January 2011, he has focused on reversing slumping Qatari crude production: Output fell to an average of 740,000 b/d last year, from 836,000 b/d in 2008. At the center of the program is Qatar’s swing producer, the Maersk-operated al-Shaheen of...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
South Sudan Looks To Alternate Export Routes
...uth, and East Darfur in the North, which has proved a major sticking point in talks thus far. Khartoum claims the area as Sudanese land and in September 2012 demanded it to be excluded from the demilitarized zone.) South Sudan broke away from Sudan in July 2011, taking with it around three qu...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
QP: What’s Next?
...s financial muscle to become a major regional political player. So what comes next for Qatar’s leadership? MEES examines the possibilities. QP – which in 2011 according to its annual report had 66 subsidiaries, joint ventures and equity stakes ranging from catering and real estate to st...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
IEA Sees Chinese Demand Strength Driving Call On OPEC
...12 2Q12 3Q12 4Q12 2011 2012 OPEC IEA OPEC IEA OPEC IE...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
Oman Eyes Bangladesh Energy Sector
...tal thus far (17 offshore, 58 onshore), which have resulted in 25 gas discoveries – mostly in the country’s east. In its latest Statistical Review of World Energy, BP put Bangladesh’s proved gas reserves at 12.5 tcf, which is slightly above Bahrain’s 12.3 tcf. BP said Bangladesh’s 2011 gas output was 1....
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
Noble to Delay Aphrodite Appraisal Drilling
...mpletion of a second appraisal well on the Aphrodite field. Noble completed its exploratory drilling on Aphrodite in December 2011, when it announced that it had discovered a field with an “estimated gross resource range of 5-8 trillion cubic feet (tcf), with a gross mean of 7 tcf.” Appraisal drilling is ne...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
Iran Exports To China, India and South Korea Fall In 2012
...y not however be wholly attributable to the effect of international sanctions. Although Chinese imports declined in 2012 by almost 21% to 441,000 b/d compared to 557,000 b/d in 2011, the reduction may be primarily the result of a price dispute between the National Iranian Oil Company (NI...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
Suez Canal Traffic
...v-12 Oct-12 2012 Change vs 2011 2011 South-North '000t '000t % '000t '000t '00...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
Petchems The Catalyst For Middle East Economic Diversification
...d services industries. In 2011, said Mr Mady, SABIC’s direct value-added contribution to national GDP was about 2%, its private sector contribution was about 9% and its contribution to the industrial non-oil sector was 34%. “SABIC takes the process of employing local talent seriously,” he sa...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
SEC Profits Up 20% In 2012
... SAUDI ARABIA SEC Profits Up 20% In 2012 Saudi Electricity Company (SEC) announced on 20 January that it made a profit of SR2.563bn ($683mn) in 2012, compared with SR2.123bn ($566mn) in 2011. Dividends for the year were SR0.62 ($0.17) per share in 2012 compared wi...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
SABIC Reports 15% Fall In Profits For 2012
...85bn) for 2011. The company attributed the 15.5% net income decline to “higher cost of sales and lower sales prices for certain products, despite higher sales and production volumes and reduction in financial charges.” Gross profit for 2012 was SR54.31bn ($14.48bn), down by 12.6% from SR62.13bn ($16...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
Yemen’s 2013 Budget Aimed At Speedy Return To Stability
...en subjected to numerous sabotage attacks during 2012, disrupting production and export operations for long periods. Mr Wajih estimated the fall in crude oil output in the first nine months of 2012 at 28.2% below the corresponding period of 2011. To achieve the government’s oil and gas ta...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
IMF: Qatar’s Economic Outlook Remains Robust
... 2008 2009 2010 2011 2012 2013 Production and Pr...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013