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Groundhog Day In Iraqi Kurdistan: Oil Exports Stall, Again
...rder. Genel Admits Delay Mr Hayward’s remarks contrast with a more optimistic forecast he made in November last year, when he said that full commissioning of the pipeline would be complete by the end of 2013, allowing full exports to start in early 2014. Since early January, only crude oil from th...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Jordan Takes Plunge With Israel Gas Deal
...ich earlier this month secured a 25% stake in the Leviathan consortium, said on 19 February that the Leviathan joint venture expected to start front end and engineering work on the FLNG project some time in 2014. Woodside CEO Peter Coleman told a briefing after announcing annual results that a fi...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Egypt Boosts Gas Offering As Receivables Fall
...ma’il told Bloomberg that the first of several cargos of imported liquefied natural gas (LNG) for 2014 will arrive before the summer, and negotiations over a floating import terminal are in the final stages. LNG imports will continue for a period of up to five years starting in 2015, the minister sa...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Libya: Political Process Still Holds Hope
...the near term, with periodic spikes in violence probable. 2014: Gloomy Outlook For Iocs Mr Howard’s outlook is mirrored by oil companies active in Libya. Italy’s Eni, which has been affected by the disruption of gas supplies from Wafa this month, and saw its crude shut in at El Feel last ye...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Iraq Hopes Japan Loan Will Help Ease Export Constraints
...5mn b/d, as bad weather and work to clear sunken vessels delayed tanker loadings. Iraq has calculated revenues for its 2014 draft budget on the basis of 3.4mn b/d of oil exports, including 400,000 b/d of Kurdish oil. However, given that current exports are languishing at levels close to January’s 2....
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Saudi Arabia Increases Asian Focus With Japan Oil Storage Deal
...bsidiary, for the sale of shares in the companies containing the retail, supply and distribution logistics and aviation businesses in Italy. The sale, the commercial terms of which remain confidential, is subject to regulatory approval and is expected to be completed by 2014, Shell said. Under the ag...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Oman Needs To Sell Assets Or Borrow
...OMAN Oman Needs To Sell Assets Or Borrow Oman may have to turn to selling its foreign assets, or borrowing on the international market, to sustain its government spending, should oil prices slide, an article in the January-February 2014 issue of the Central Bank of Oman’s (CB...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Saudi Reserves Hit $753Bn But Trade Surplus Falls
...udi economy, notes that the growth in the 2013 reserve accumulation is lower than in 2012 and 2011, a reflection of a 7% decline in oil export revenues and a high appetite for imports which rose 8% in value last year. Looking ahead, Samba is forecasting an increase in foreign assets to $823bn in 2014...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
US $1Bn Jordan Fund
...robond, which was snapped by investors, and came in oversubscribed at $2.2bn. The issue was arranged by Citigroup, HSBC Holdings and JP Morgan Chase (MEES, 1 November 2013). Energy Bill 40% Of Budget Jordan’s 2014 budget envisages the inflow of JD1.151bn ($1.62bn) in foreign grants from the GCC, th...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
OPEC VS IEA Supply-Demand Balance, February 2014 Forecasts (Mn B/D)
...OPEC VS IEA Supply-Demand Balance, February 2014 Forecasts (Mn B/D) 1Q13 2Q13 3Q13 4Q...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014