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Oman Targeting Steady Crude Output Through 2018
...around 23,000 b/d, up from 18,700 b/d in 2011. Petrogas operates the Rima cluster of fields in the sultanate’s east, at which it has boosted output from 2,200 b/d in 2006 to 14,300 b/d in 2012. Output at Rima has since dropped to 11,000 b/d since as a result of “natural decline.” Medco’s co...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Jordan Advances Gas Strategy With Shell LNG Supply Deal
...peated attacks on the line in the restive Sinai cut exports to around 100mn cfd for 2011 and 2012 and zero since July last year. Mr Hamid says that the cost of importing fuel oil, which has supplanted gas as a fuel for power generation, is six times higher than the cost of Egyptian gas imports. For 20...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Algeria Confirms Six CCGT Awards, Plans New Solar, Mobile Units
...ntracts Sonelgaz has been charged with raising total generating capacity quickly in the short term, following riots over power outages during 2012. While 3.77GW of capacity has been added since the end of 2011, Minister of Energy and Mines Youcef Yousfi has forced the pace of development since his return to...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Saudi Arabia, UAE and Bahrain Pull Doha Ambassadors
...ani, who took over from his father last year and is still trying to find his feet on shaky Arab ground, still unsettled since the start of the wave of revolutions that swept across North Africa in 2011. Doha’s growing support for the Muslim Brotherhood since he took over as head of the leading gas pr...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Egypt’s Wheels Of Change Keep Spinning
...EGYPT Egypt’s Wheels Of Change Keep Spinning Three years after the Arab Spring, Egyptian politics remain in a state of flux. The 2011 Arab Spring introduced a new road map for Arab revolutions, as millions took to the streets calling for the overthrow of Pr...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Oman Oil Corruption: Ministry Blames Individuals, Not System
...e country’s key downstream projects – the 116,000 b/d Sohar refinery and polypropylene plant commissioned in 2006, and related aromatics plant commissioned in 2010. All are now operated by the sultanate’s state-refiner Oman Refineries and Petroleum Industries Company (ORPIC), established in 2011. Th...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Tunisia Pledges Cuts To Avoid Economic ‘Catastrophe’
...lamist party Ennahda won the elections after the overthrow of Ben Ali’s regime in January 2011, but two political assassinations of prominent opposition deputies in 2013 reminded Tunisians that they were still in transition, given the economic challenges and external shocks experienced since 2011. La...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Why Saudi Arabia Welcomes The US Shale Boom
...lps stabilize oil prices. Take the uprising in Libya in 2011, which cut Libyan production and led to a sharp rise in price. Over the last 12 months, when there has again been a crisis in the country, and falling supplies, there has been no repeat of the price increases. There is no doubt that the oil ma...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Iraq Supplants Iran As Top Crude Supplier To Turkey For 2013....
...12 2013 % of total 2012 % of total ‘000 B/D % of total 2011 2010 Iraq 121.8 32...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Benchmark Crude Prices ($/B)
...13 2012 2011 WTI 101.56 102.45 102.31 100.68 94.81 97.54 105.73 98...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014