- Sort by:
- Score
- Published ▼
-
East Asian Importers Take Less LNG In 2015; Little Sign Of An Upturn In 2016
...ticeable change, albeit largely anticipated. Japan imported a record amount from Malaysia in 2015, or 15.57mn tons, helping it overtake Qatar as the second largest supplier in 2014 (behind Australia at the time). LNG shipments from Qatar to Japan fell by 9.6% annually to 14.64mn tons (see graph 3). In...
Volume: 59Issue: 05Published at Fri, 05 Feb 2016 -
Kuwait Refining Earnings Undermined By Weak Product Export Prices
...eraged 277,000 b/d for Q1-3 2015, up 55% on 2014’s 178,000 b/d. KNPC’s earnings from domestic sales are fixed at heavily subsidized prices. With pressure rising on Kuwait to cut subsidies, Mr Mutairi tells official news agency KUNA that the cost of refining oil in KNPC’s refineries is in the range $4-...
Volume: 59Issue: 05Published at Fri, 05 Feb 2016 -
Iran And Saudi Arabia Drive Opec Output Rise As Indonesia Returns
...2mn b/d to 3.5mn b/d by 2017, Iran looks set to pull away. Kuwait has fallen behind since October 2014, when a dispute with Saudi Arabia over management of the Partitioned Neutral Zone (PNZ) led to production falling there, and halting altogether in 2015. Chevron said in its Q4 2015 conference call on 29 Ja...
Volume: 59Issue: 05Published at Fri, 05 Feb 2016 -
More Trouble For Algeria As Hess Walks Away
...2000 to 50,000 b/d in 2005 with completion of Phase 1 water injection, but plans to raise this further with miscible gas flooding were never finalized. Output subsequently tanked, bottoming out at just over 10,000 b/d (5,000 b/d net to Hess) in 2013. Hess’ net figure rose to 7,000 b/d for 2014 (9,...
Volume: 59Issue: 05Published at Fri, 05 Feb 2016 -
Oxy Sees Yemen Exit Looming, Continues To Streamline MENA Operations
...perience in Yemen.” Given the exodus of firms from Yemen since 2014 following the outbreak of conflict between Houthi rebels and the Saudi-backed government, this looks highly optimistic, unless it sells to a state-owned company. Oxy is less optimistic that its efforts to pull out of the similarly-co...
Volume: 59Issue: 05Published at Fri, 05 Feb 2016 -
DEA Appoints New Egypt Chief
...dwitz was previously managing director of DEA’s Suez Oil Company (SUCO) JV with Egypt’s state oil firm EGPC from 2006 to 2008. Between 2008 and 2014 he headed DEA’s Libya operations before a brief stint in Turkmenistan and the UK. The firm’s most recent success story is the 200mn cfd Disouq field in th...
Volume: 59Issue: 05Published at Fri, 05 Feb 2016 -
Kuwait’s Budget Deficit Set To Soar As Spending Continues Despite Subsidy Cuts
...venue (KD740mn for 2016-17) which is allocated to Kuwait’s ‘Reserve Fund for Future Generations’. For the 2014-15 fiscal year Kuwait posted a deficit of KD2.31bn, the first deficit since 1999-2000. Mr Salih says that as Kuwait has large financial reserves it has yet to feel the full force of the co...
Volume: 59Issue: 05Published at Fri, 05 Feb 2016 -
GCC: More Debt Planned
...With oil prices 70% down on their 2014 peak, GCC member states Saudi Arabia and Bahrain are reported to be considering tapping global markets to make up for loss of oil revenue. Saudi Arabia, which currently enjoys adequate fiscal buffers, is not in a great hurry to hit the bond market. Th...
Volume: 59Issue: 05Published at Fri, 05 Feb 2016