1. Egypt Looks To New Gas Finds To Ease Record Energy Deficit

    ...oducts demand has risen by over 80,000 b/d (11%) since 2011, including a 37,000 b/d rise last year alone (see table). This saw the country’s overall oil deficit more than double to 250,000 b/d last year (see chart). Tariq ‘Amir, Governor of the Central Bank of Egypt (CBE) says that the country hopes to...

    Volume: 59
    Issue: 08
    Published at Fri, 26 Feb 2016
  2. Iranian Volumes Re-Enter Crowded European Market

    ...bargo on Iranian crude came into force in 2012. In 2011, EU countries imported 598,000 b/d of Iranian crude, some 24% of Iran’s exports (see chart). Far and away the largest EU importers were Italy, Spain and Greece, which between them took 75% of Iranian crude imports to EU states (see charts). Ot...

    Volume: 59
    Issue: 08
    Published at Fri, 26 Feb 2016
  3. Algeria Boosts Its Share In Spain’s Gas Imports In 2015

    ...ntracts with Spanish buyers, according to data from Cedigaz, equivalent to a total of 14.92 bcm/year. This includes a 0.96 bcm/year, 20-year contract through the Medgaz link with France’s Engie which dates back to 2006, even if commercial flows through the pipeline only started in 2011. The other 13.96 bc...

    Volume: 59
    Issue: 08
    Published at Fri, 26 Feb 2016
  4. Algeria’s Sonelgaz Eyes Foreign Loans To Bridge $10bn Funding Gap

    ...15. Former energy minister Youcef Yousfi announced a plan in 2011 calling for 22GW of renewables capacity by 2030. This included 13.6GW of solar photovoltaic capacity, 5GW of wind capacity and 2GW of concentrated solar power. A first phase of 6GW by 2024 was priced at AD1.31trillion ($12.21bn – ME...

    Volume: 59
    Issue: 08
    Published at Fri, 26 Feb 2016
  5. Iraq: Abadi’s ‘Technocrat’ Reshuffle Plan Slim On Detail

    ...s been held up by political gridlock in parliament for years; in fact the cabinet passed a draft for an independent company back in August 2011. With the possibility of passing an oil law seemingly out of reach, Mr Abd al-Mahdi may have decided that this less ambitious goal was a better use of hi...

    Volume: 59
    Issue: 08
    Published at Fri, 26 Feb 2016
  6. SEC Seeks $3.3bn More Funding, Bringing Total To $73bn

    ...kuk Capital projects 1.9 2010: July Aramco/Total Banks/ECAs Satorp project 8.5 2011: October Aramco/Total Su...

    Volume: 59
    Issue: 08
    Published at Fri, 26 Feb 2016
  7. Bahrain Raises $600mn Despite Downgrade, Oman Plans Issue

    ...rch and May to help finance the budget deficit, according to a Reuters report on 19 February. Tunisia, a country in political transition after pioneering the 2011 Arab Spring revolts, is currently engaged in talks with the IMF to negotiate a new credit program worth around $1.7bn (MEES, 19 Fe...

    Volume: 59
    Issue: 08
    Published at Fri, 26 Feb 2016