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Benchmark Crude Prices ($/B)
...12 2011 WTI 98.20 102.77 102.45 100.68 94.81 97.54 105.73 98.03 94...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Iran-Pak ‘Peace Pipeline’ Progress Raises Stakes in New ‘Great Game’
...kistan Energy Yearbook 2011....
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Saudi Aramco Eyes 550,000 B/D Expansion
...ready stands at 1.4mn b/d. And unlike the bulk of Saudi Arabia’s crude production, Khurais, 250km southwest of Riyadh, pumps oil westwards to Yanbu’. So Khurais exports would keep flowing even in the event of a disruption of Straits of Hormuz traffic (MEES, 28 February 2011). Khurais has proven reserves of...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Kuwait Moves 4Mn B/D 2020 Crude Target Back To 2030
...en producing since 1946. KOC keeps output between 1.4-1.5mn b/d, MEES learns. KOC carried out a successful 20-month pilot water injection scheme, which finished in July 2011 (MEES, 27 June 2011). This injected effluent and aquifer water into Burgan’s Wara reservoir, giving a better un...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Bahrain LNG Terminal Decision Approaches
...rips the liquid components – propane, butane and naphtha. Oxy’s Production Sharing Agreement for deep gas exploration began in 2011 with geological and geophysical studies to determine optimal drill sites. The first well is expected to be drilled in 1Q14. In addition, high te...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
OPEC, IEA Ball-Park Projections Mask Regional Disparities
...B/D) 1Q12 2Q12 3Q12 4Q12 2011 2012 OPEC IEA OPEC IEA OP...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Benchmark Crudes & Official Iraqi Oil and Gas Data
...12 Q3 2012 2012 2011 WTI 93.03 90.98 92.25 95.37 94.88 88.25 92...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Iran Projects Oil Exports At 1.3Mn B/D
...gime of US and European financial and trade sanctions, is trying to diversify its revenue away from oil exports, a main source of foreign exchange. Recent data is hard to come by, but in the first nine months of the Iranian year 1390 (March-December 2011), the value of Iran’s oil exports accounted for 83...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Sudans Hope Third Time Is The Charm
...start in production to review the metering system that is in place currently. Each side will conduct a review of the facilities in its own territory. South Sudan seceded from Sudan in July 2011, taking with it around three-quarters of the former Sudan’s oil production. It then shut down its ne...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Algeria Preparing Tender For Biskra And Tiaret Refineries
...giers 1964 2.7 54 Arzew 1974 3.75 75 25,000 b/d expansion completed late 2011 Hassi Me...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
ADWEA Studying Bids For Al-Mirfa IWPP
...rt of the Al-Mirfa IWPP project (MEES, 14 May 2012). ADWEA is currently developing the Shuweihat S3 independent power project (IPP) 250km west of the city of Abu Dhabi, alongside the Shuweihat S1 and S2 plants. A power purchase agreement was signed in February 2011 by ADWEC and Shuweihat As...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
EMAL Awards Generator Contracts To GE
...e end of 2014. The expansion is expected to cost $4.5bn, and will make EMAL one of the largest single-site producers of primary aluminium in the world (MEES, 1 August 2011). EMAL is a 50:50 joint venture between the Abu Dhabi government investment and development company, Mubadala, and Dubai Al...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
North African Energy Producers Face Growing Challenges
...proven gas reserves, Algeria has been a leading exporter to Europe for around 50 years. However, there has also been a steady decline in natural gas exports, from 64bcm in 2005 to 54bcm for 2011. Crude production has also fallen, from 1.36mn b/d for 2005 to 1.18mn b/d last year, while domestic co...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
IMF: Libyan Economy Growing But Challenges Remain
...owth in the non-hydrocarbon sector in 2014. Inflation fell to 6% in 2012 and a further decline is expected in 2013. As for the financial sector the situation began to normalize after most of the UN sanctions that had frozen Libya’s foreign assets were lifted on 16 December 2011. This allowed th...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Between A Rock And A Hard Place: Egypt’s New Natural Gas Supply Policy
...rbouche and Robert Mabro “Egypt’s Natural Gas Market: So far so Good, But where to Next?” in Bassam Fattouh and Jonathan Stern (Ed.) Natural Gas Markets in the Middle East and North Africa, Oxford Institute for Energy Studies, 2011. 2. USGS, “Assessment of Undiscovered Conventional Oil and Gas Re...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
MENA Active Drilling Rigs, February 2013
... North Africa: Active Drilling Rigs 2007-Feb 2013 MENA Active Drilling Rigs, February 2013* 2013 2012 2012 2011...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Kurds Poised For Oil Boom, Amid Looming Political Turmoil
...erator 2011 Average Production Current Production March 2013 End-2013 Tawke DNO 52 50 10...
Volume: 55Issue: 11Published at Mon, 12 Mar 2012 -
Korean Group Wins Abu Dhabi Oil Deal As ADCO Concession Nears Expiry
...elds comprise one offshore in Area 3 and two onshore in Areas 1 and 2. The UAE government had previously said it expected the deal to be closed by the end of 2011 (MEES 26 September 2011). State-owned Abu Dhabi National Oil Company (ADNOC) holds 60% in the projects, which require a total of $5bn in...
Volume: 55Issue: 11Published at Mon, 12 Mar 2012 -
Libya Crisis Hits Companies’ Bottom Lines
...LIBYA Libya Crisis Hits Companies’ Bottom Lines Libya’s 2011 political upheavals have had significant material impacts on the net profit of all of the foreign oil companies producing in the country. All eight of the top foreign producers in Libya saw their overall production fa...
Volume: 55Issue: 11Published at Mon, 12 Mar 2012 -
ITGI Transformation Into South Stream Branch Gains Momentum
...s markedly improved since June 2011. Regardless of the “clouds” that existed over the proposed Burgas-Alexandroupolis oil pipeline, Moscow has been convinced, primarily thanks to the efforts of Junior Energy Minister Yannis Maniatis, that Greece supported the pipeline option whereas Gazprom always sp...
Volume: 55Issue: 11Published at Mon, 12 Mar 2012