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MEES Special Report: Jihadist Instability In North Africa And Beyond
...se of IS in Libya, which since the fall of Mu’ammar al-Qadhafi in 2011 has been characterized by lawlessness and division. “Further instability in Libya and the ongoing absence of a unity government or unified security could plunge the country into a further crisis which would impact Europe in se...
Volume: 59Issue: 12Published at Fri, 25 Mar 2016 -
Libya Oil Production Falls Further
...tput. Power shortages since the 2011 revolution have presented a recurrent impediment to output (MEES, 17 May 2013)....
Volume: 59Issue: 12Published at Fri, 25 Mar 2016 -
Total: Adco Boosts Oil Output But Gas Lower On Yemen conflict
...wars. In Syria the firm produced 218mn cfd of gas in 2011 – making it Total’s third biggest MENA province: it has produced nothing there since. In Libya, Total’s oil output collapsed to 20,000 b/d in 2011 with the ‘revolution’ and again in 2014 and 2015 as instability grew: current (and 20...
Volume: 59Issue: 12Published at Fri, 25 Mar 2016 -
Majors Have Another Year To Forget In The Middle East
...ay, allowing Qatar to open up a 0.36bn cfd lead as the company’s largest source. This is the biggest gap since 2010, when Qatari volumes were 1.27bn cfd more than US contributions. Qatari volumes rose for the first time since 2011, but were unable to prevent a fourth consecutive drop in annual global ga...
Volume: 59Issue: 12Published at Fri, 25 Mar 2016 -
Jordan’s Fiscal Situation Grim, Debt Nears 100% Of GDP
...rdan’s $32bn end-2015 stock of public debt, a full $7bn is due to accumulated Nepco losses. All in all a conservative estimate would be that Jordan will add at least 5% of GDP to its national debt in 2016, and likely somewhat more. This follows a five-year period corresponding with the “Arab Spring” (2011...
Volume: 59Issue: 12Published at Fri, 25 Mar 2016 -
Libya: Competing Power Bases Threaten To Tear NOC Apart
...ptember, the House of Representatives voted to sack the chairman of the central bank, Sadiq al-Kabir, claiming that he had blocked the transfer of funds to Baida. Mr Kabir is an experienced international banker who was appointed by the transitional government after the fall of Mu’ammar al-Qadhafi in 2011...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
ENOC In First Step Towards Possible Dragon Takeover
...prices set by the government even as it pays international prices for its imports. Although the UAE raised gasoline prices twice in recent years, it deferred a third price in the wake of the Arab revolutions of 2011, fearful of a backlash. Federal law requires that Enoc and its subsidiary Emirates Pe...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
His Mission Accomplished, Qatar’s Attiyah Bows Out
...to the world’s largest producer and exporter of liquefied natural gas (LNG) in almost record time. His mission completed, Mr ‘Attiyah was promoted to head of the Emiri court in 2011, by which time he had amassed a number of accolades and honors from foreign government and from the industry. He re...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
OPEC, IEA Diverge On US Supply Growth
...west since March 2011, and down 42% from the start of the year. US oil output is projected to average 13.65mn b/d in 2015, according to OPEC, indicating growth of 820,000 b/d – down from 1.61mn b/d growth in 2014. “Typical oil wells in shale plays decline 60% annually, and…losses can only be re...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
Iran Blasts OPEC’s No-Quota Policy, Vows Return To Markets
...OPEC/IRAN Iran’s Petroleum Minister Bijan Zanganeh this week slammed OPEC’s December 2011 decision to scrap individual production quotas in favor of an overall output ceiling, arguing that it has only encouraged some members to raise output, and ultimately eat into the market share of ot...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
Algeria, Poland To Share Shale Tips As Protests Continue
...ssian gas. However, the country failed to live up to its promise so far – Poland’s shale gas resources were estimated by the US Energy Information Administration (EIA) at 190 tcf in 2011 - with foreign companies exiting Poland in the past three years mainly due to poor exploration results and re...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
Tunisia Attack
...counts for 7% of the country’s GDP, a share that was much higher before the 2011 revolution that overthrew former dictator Ben Ali. Tunisia had hoped that 2015 would be the year that tourists returned to the country. Such hopes now look forlorn. As a group claiming IS affiliation warned of further at...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
Gulfsands Struggles For Cash As Syria Return Recedes
...nce it abandonded the asset and declared force majeure in December 2011, shortley after the start of the Syrian conflict. The “facilities remain in good order in Syrian/Kurdish controlled areas,” Gulfsands says, adding that the firm is “entitled to receive [its] revenue share for oil produced since mi...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
Egypt Open For Business With $175Bn Of Deals Signed At Development Conference
...ch of these will be split 50/50 between cash deposits at the Central Bank of Egypt (CBE) and project investments. Fresh CBE deposits will help boost Egypt’s foreign exchange reserves, which stood at $15.5bn at the end of February, down by more than half since the January 2011 revolution. Mr Sa...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
Saudi Refinery Output Tops 2mn B/D For Eighth Straight Month
...5vsJ14 2014 2013 2012 2011 Crude Production 9,680 9,630 9,610 +50 -87 9,...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
Abu Dhabi Restructures Energy Sector
...erations (ADCO), now administered by ADNOC, following the expiry of the concessions held by foreign partners. His predecessor, Yousuf bin ‘Umair, was chairman and CEO of ADNOC and was known to be close to Shaikh Khalifa. He retired in June 2011 and Mr Suwaidi was appointed Director General and took over Mr ‘Um...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Suez Canal Traffic Data, 2013
...Suez Canal Traffic Data, 2013 2013 Change vs 2012 2012 2011 2010 2009 2008 20...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
GCC Petchems: Innovation Needed
...rth $97.3bn, 2% of the global figure, but GCC producers spent a mere $380mn on R&D, “just 0.8% of global R&D spending,” the GPCA says. However this 2012 spend was 30% up on $266mn for 2011, while global petrochemicals R&D spending increased 10% year on year. GCC petrochemicals firms have st...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
OPEC Annual Data Special
...06 2007 2008 2009 2010 2011 2012 2013 Saudi Arabia 8.49 8.62 9....
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Iran Nuclear Talks Resume In Shadow Of Rising Crude Exports
...d condensate have been on a downward trajectory since early 2012. US sanctions targeting third-party imports of Iranian crude came into effect in late 2011 and EU sanctions from July 2012. For 2013, sales of Iranian crude oil and condensate averaged 1.12mn b/d, down 30% from 1.59mn b/d in 2012; and 56...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014