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Now Or Never For Iran Oil As US Cranks Up The Rhetoric
...wn more than 55% from 2.53mn b/d in 2011, before the sanctions ramped up (MEES, 6 February). Iran and the six world powers of Britain, France, China, Russia, Germany and the US have since last February been locked in talks to turn an interim agreement reached in November 2013 into a comprehensive ac...
Volume: 58Issue: 07Published at Fri, 13 Feb 2015 -
Mauritania Exploration: One Step Forward, Two Steps Back
...negal – a likely “commercial discovery” according to Cairn CEO Simon Thornton. PETRONAS TO QUIT? Mauritania currently only has one producing field, Chinguetti, where output has declined precipitously from 75,000 b/d at February 2006 start-up to 7,400 b/d for 2011, 5,800 b/d for 2012, and 5,400 b/d fo...
Volume: 58Issue: 07Published at Fri, 13 Feb 2015 -
Egypt’s Economy Begins To Turn The Corner
...EGYPT Egypt’s Economy Begins To Turn The Corner Egypt’s structural and monetary reforms are starting to bear fruit, following four years of political and economic slowdown since the ouster of the Husni Mubarak regime in 2011, the IMF says in its latest Article IV consultation with Eg...
Volume: 58Issue: 07Published at Fri, 13 Feb 2015 -
Thailand 2014 Crude Imports: UAE And Saudi Arabia Remain Top Of The Pile But Volumes Fall (‘000 B/D)
...vs07 2014 rank kbd % kbd % 2013 rank 2012 rank 2011 20...
Volume: 58Issue: 07Published at Fri, 13 Feb 2015 -
Cyprus Peace Hopes See East Med Gas Export Options Multiply
...stabilized as a result, Israel and Turkey have common security concerns. With Egypt suffering from periodic political convulsions since the outbreak of the Arab Spring in 2011, the wider region remains unstable. Better relations between the two key US allies in the region have long been on Washington’s wish li...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Egypt Signs Gas PSAs
...th IOCs. But the PSAs were only formalized after lengthy bureaucratic delays: Petroceltic, which signed up for the El Qa’a Plain block with UK-based Dana Petroleum, was awarded the block in the 2011 bid round. Egypt’s Petroleum Minister Sharif Isma’il, has worked hard to reduce the contracts ba...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Yemen Locked In LNG Price Negotiations With French Duo
...09 2010 2011 2012 2013 Mn T 0.19 1.65 2.71 2.59 3.59 Supplier Ra...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Kuwait Awards Long-Awaited $12Bn Clean Fuels Project
...mmittee has said it will review the recent award of a 1.5GW/486,000 cmd power and desalination project at Al-Zour as a prelude to calling in the public prosecutor (MEES, 7 February). KNPC Refining And Main Markets: Financial Years 2011-13 Refinery Throughput (‘00...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Iran, Indonesia Team Up For $3Bn Refinery Project
...0,000 b/d of this refining capacity. But these seven facilities only meet around three quarters of Indonesia’s domestic demand, forcing it to import close to 300,000 b/d of petroleum products in 2013. In 2011, Pertamina was able to meet only 54% of the domestic demand for gasoline, and 86% of diesel de...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Enigmas Of The Islamic State Of Iraq And The Levant
...inly an Iraqi group until its entry into the Syrian conflict. While ISIL was established following the 2003 US occupation of Iraq, it was able to spread quickly and forcefully within the Iraqi Sunni community, spreading its influence in eight provinces, including Baghdad. The 2011 Arab Spring has pr...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Kuwait Energy Has Breakout Year, Complicated Future
...ake gives it 10,500 b/d on a working interest basis, Chilean firm ENAP is operator with 50.5%). Output was close to 18,000 b/d for 2013 as a whole, more than twice 2011 levels. East Ras Qattara production peaked after the second production well came online in 3Q13, falling by about 4.4% between th...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Egypt: New UAE-Fueled Stimulus Package
...d to $3bn. Regional Aid To Egypt Since 2011 ($Bn) Mursi Rule (2012-13) 12.75 Qatar 6 Saudi Arabia 3.75 Li...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
GCC Single Market Failure: Problems And Solutions
...C General Secretariat statistics point to some success in the GCC single market project. In 2011: 13mn GCC citizens traveled within the GCC; 41,000 GCC citizens worked in another GCC country; 16,000 GCC citizens owned real estate in another GCC country; 35,000 licenses for economic activity we...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
South Korean LNG Imports By Country Of Origin 2011-2013
...South Korean LNG Imports By Country Of Origin 2011-2013 2013 2013 vs 20...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Benchmark Crude Prices ($/B)
...13 2012 2011 WTI 100.35 97.74 97.24 94.81 97.91 97.54 105.73 98...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Egypt Struggles With Gas Supply Challenge
...ost domestic production from deepwater deposits. Egypt’s gas production has edged lower for each of the past three years since peaking at 62.7bcm in 2009. Production of 60.6bcm for 2012 was 3% down on 2009 and a further 0.6bcm/year (60mn cfd) down on 2011 (see graph and table). Output for th...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
BG Egypt Output Hit By WDDM Compression Failure
...’s flagship WDDM project did rise by 9% to 6.5bcm for 2012 stemming three years of continuous decline including a precipitous 17% fall in 2011 (see graph). However the 2012 rebound was much more modest than the 7.7bcm rise BG had anticipated. Nine new development wells were drilled during 20...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
Japanese, French, Move To Secure Abu Dhabi Concessions
...vember 2010). A Bigger Prize The November 2010 package helped secure the renewal of some small offshore concessions in early 2011. This time Tokyo is aiming for a bigger prize – a stake in major onshore producing fields when the ADCO concession ends. Upstream firm Inpex, through its Abu Dh...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
Tokyo Visits Top Two Suppliers
...NA Breakdown By Grade, 2011 & 2012 2012 2011 2012 2011 '000 b/d % of total '00...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
Benchmark Crudes & OSPs
...12 2012 2011 WTI 97.31 96.20 97.44 94.88 88.26 88.25 92.21 94...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013