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The North Sea & OPEC, Contrasting Policies, But Comparable Oil Resources?
...rrels. Avaldness Field was discovered in 2010 with reserves estimated at about 0.4bn barrels, but with upward revisions they could be nearly 2bn barrels. The Schiehallion and Loyal Fields went onstream in 1988 and had produced about 400mn barrels by 2011 when about 450mn barrels were added to the re...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Iran’s Subsidies Reform: A Year Later
...commendation for a gradual five-year approach, President Ahmadinejad in late December 2010 announced drastic increases in energy, water, power and bread prices to go into effect immediately (MEES, 20 June 2011). And unable to find a satisfactory formula to determine eligibility for receiving welfare as...
Volume: 55Issue: 05Published at Mon, 30 Jan 2012 -
Competitiveness And Saudi Petroleum Policy
...d raising their productivity, and cost reduction. Global Economy At the request of the agency organizing this forum, I will address today the global oil market in 2011 and touch upon three main points: the global economy, the oil market and the Kingdom’s petroleum policy. I will start with th...
Volume: 54Issue: 05Published at Mon, 31 Jan 2011