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‘Arc Of Instability’ Spreads Across North Africa
...Dellys was attacked at least nine times between 1995 and 2008 (MEES, 28 July 2008). According to Algerian media reports a guard was killed during two further attacks in 2011. And Bouira town was the site of a double car bombing in August 2008, which killed 12 local employees of the Canadian en...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
Oman Addresses Crude Production Challenges, PDO Output Rises
...ude output. In December 2012 Oman’s crude and condensate output reached 933,000 b/d, up from 2011’s 884,900 b/d average. Crude output from the country’s main producer, Petroleum Development Oman (PDO), rose to 566,000 b/d from last year’s 549,000 b/d, and its condensate fell slightly to 92...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
Suez Canal 2012 Statistical Analysis: A Record Year For Crude Shipments
... EGYPT Suez Canal 2012 Statistical Analysis: A Record Year For Crude Shipments By James Cockayne 2012 was a record year for shipments of crude through the Suez Canal. Total volumes hit 1.38mn b/d, up 84% (630,000 b/d) on 2011 and 120,000 b/d up on 20...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
Omani Gas, Power Sector At The Crossroads
...al is to create economic growth and jobs. Electricity Generation 2011 Source: Ministry of National Economy. Power Demand Rising In the short and medium term Oman continues to build gas-fueled power plants to meet demand that is rising at 7-8% per year – total po...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
MENA Steps Up Desalination Capacity Expansion
...2011-16. With Saudi Arabia using about 1.5mn b/d of crude oil to power desalination plants, the report noted that an alternative energy source was already being studied. A solar powered desalination plant – “the first large scale renewable desalination plant” – is being built at al-Khafji under an IB...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
Oman’s Energy Policy Review To Impact OOC
...vereign wealth fund Oman Investment Fund (OIF), which invests mainly in non-energy sectors, although it owns a stake in Dubai Mercantile Exchange (DME), which trades Omani crude futures contracts. In 2011 after the ‘Arab Spring’, Sultan Qabus bin Sa’id ordered OOC to focus on domestic in...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
Algeria Trims 2013 Budget Expenditure, But Raises Defense Allocations
...overall spending as Algiers looks to rein in a 2011 and 2012 spending splurge, intended to stave off domestic calls for political reform in the wake of the ‘Arab Spring’ revolutions in neighboring Libya and Tunisia and nearby Egypt. The budget – including the defense spending hike – was dr...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
Badri Sends Soothing Message
...mp are high, but OPEC is not to blame, Mr Badri argued. OPEC may have made $1.1 trillion in 2011 from oil sales and $4.2 trillion in 2007-11. But in the same period OECD countries have earned $5.5 trillion from petroleum taxes. “In recent years we have also seen the budgetary requirements of many oil pr...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
Benchmark Crudes & OSPs
...12 Q3 2012 2012 2011 WTI 97.49 95.83 94.54 94.88 88.26 88...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
Libya Oil Personnel Changes
...parture of Shukri Ghanem in early 2011 has now left. However, Fuad Krekshi, who was close to Saif al-Islam Gaddafi, has so far kept his post as Chairman of the Libyan state overseas investment firm Oilinvest. Oil Minister ‘Abd al-Bari al-‘Arusi is currently working on a restructuring of the oil mi...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
Turkey Plays Down ‘Bonanza’ Shale Gas Talk
...ological Survey’s 2011 estimate that the country may have 425 trillion cubic feet of unconventional shale gas. Several local experts have stoked the ongoing public debate with even higher reserves estimates. Mr Incedalci told the daily Zaman in January that “the key geological parameters of these so...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
Jordan’s Iraqi Crude Imports Set To Rise To 15,000 B/D
...gher level of 12,500 b/d in the past four months. The Iraqi crude is sold at a preferential price, which allows Jordan to save about $6/B for crude delivered to the Zarqa refinery. After the January 2011 Egyptian revolution, supplies of Egyptian gas to Jordan via the Arab Gas Pipeline (AGP), wh...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
Nabucco Loses RWE Replacement
...pressed an interest in joining the Nabucco project in September 2011, when it would have been the consortium’s second German partner after RWE. After a hiatus Bayerngas restarted its talks with Nabucco in May 2012, when Bayerngas spokesman Dirk Barz told Azerbaijan’s Trend News Agency that negotiations be...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
SABIC Launches $500Mn Plastics Innovation Network
...nverters to reach important markets in the world,” according to Ulrich Reiners, managing director of Germany’s Executive Packaging. He told the Gulf Petrochemicals and Chemicals Association (GPCA) Plastics Summit in April 2012 that global resin demand for plastics conversion amounted to 255mn tons in 2011. Of...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
DEWA Reports ‘Remarkable’ 2012 Capacity Increase
... UAE DEWA Reports ‘Remarkable’ 2012 Capacity Increase Dubai Electricity and Water Authority (DEWA) reported on 28 January a 10.6% increase in installed power generating capacity in 2012, rising to 9.646gw from 8.721gw in 2011. Desalinated water production ca...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
African Union Grants Sudans More Time
...untries, and to “make recommendations on the strengthening of the AU’s support to the process. (The AUHLIP is a body headed by former South African president Thabo Mbeki, that was set up to facilitate negotiations relating to South Sudan’s secession from Sudan in 2011). While realistic, this ne...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
Oman Focuses On Boosting Employment
...rmits for foreign workers, and highlight those sectors which they think should be the focus of efforts to employ more Omani nationals. Since the start of the Arab Spring, Oman has faced sporadic street protests demanding jobs and an end to corruption. In 2011 several unarmed rioters were shot de...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
Iran To Set Up $2Bn Support Program For The Poor
...ruggling to provide for their daily needs, the Majlis and the government have agreed to make available the proposed $2bn from the National Development Fund (NDF). The latter was established in 2011 under the fifth five-year development plan (2010-15), with the aim of converting oil and gas revenue into pr...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013