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Iran Nuclear Talks Resume In Shadow Of Rising Crude Exports
...% from 2.53mn b/d in 2011. Asian Domination Since Western sanctions on Iranian crude oil sales came into effect, the Asian quartet of China, India, Japan and South Korea have together accounted for around 85% of the Islamic Republic’s crude and condensate sales. In the first two months of 2014...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Iran Ends Year On Gloomy Economic Note
...IRAN Iran Ends Year On Gloomy Economic Note As the curtain comes down on the Iranian year 1392 on 20 March 2014 negative economic indicators continued to emerge. Tehran hopes to end the year with “good news” of zero growth, Iran’s Finance Minister Ali Tayebnia says, fo...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
East Africa To Take Charge Of South Sudan Ceasefire
...wn since the first week of 2014. Until late last month, South Sudan’s remaining production – coming solely from its Upper Nile fields – was running at close to 200,000 b/d capacity. But recent clashes have since affected production from the state, with government estimates this week putting total ou...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Jordan Bags $783m Loans
...pends heavily on foreign grants to reduce its budget deficit, expects to receive JD1,151mn ($1,623mn) in foreign grants in 2014, up form JD982mn ($ 1,385mn) in 2013 (MEES, 21 February). Jordan’s Latest Loans Source $Mn Pu...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Dubai: $20Bn Debt Rollover
...owth in the UAE is expected to remain firm at 4.5% in 2014, according to the IMF (MEES, 7 February). Abu Dhabi, the richest among the seven emirates in the federation, has the financial resources and liquidity to bail out Dubai. Prior to the 2009 crisis, Dubai took out more than $100bn in lo...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Morocco Targets Further Subsidy Reductions
...cluding further cuts to subsidies and public sector pensions, the IMF says. 2014 Budget Projections Morocco’s 2014 budget, approved by parliament last November, projects total expenditure of MD367.20bn ($43.2bn), total revenue of MD335.18bn ($39.4bn), and a resulting deficit of MD32.02bn ($3....
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Financing MENA Energy Investment: Critical Issues And Challenges
...REGIONAL Financing MENA Energy Investment: Critical Issues And Challenges By-Ali Aissaoui* APICORP’s review of MENA energy investment for the five-year period 2014-18 has estimated total capital requirements at about $765bn. Concurrently, the review has es...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
BOX: MENA Energy Investment Outlook
...REGIONAL BOX: MENA Energy Investment Outlook APICORP’s review of MENA energy investment, published in its Economic Commentary for January-February 2014, has established that despite slow global recovery, uncertain markets, and lasting regional turmoil, capital requirements fo...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Dolphin Prepares For 1.2Bn CFD Gas Boost
...ar with surplus production being pumped into it. It could provide 400-500mn cfd for four-five years when the next North Field development, 1.4mn cfd Barzan, starts production in 2014 – the year that Dolphin’s extra compressors are planned to start up. QP had previously expected to strip out th...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013 -
BG Sanctions WDDM Phase 9a Following Payments Deal
...rried out from the second to the fourth quarters, 2014....
Volume: 56Issue: 12Published at Fri, 22 Mar 2013 -
SAMA Projects 4.2% GDP Growth In 2013
...MA’s 48th Annual Report, Dr Mubarak declined to give a forecast for Saudi economic growth and said that SAMA will take guidance from the IMF predictions of 4.2% in 2013 and 3.8% in 2014. The governor noted that in 2012 the kingdom achieved an actual budget surplus of SR386bn ($103bn) and said th...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013 -
Iraq Ten Years Later: A Country On The Brink Of Disintegration
...nister following the January 2014 elections, Sunni and Kurdish parties will be left with little choice but to refuse to participate in any future government. On the other hand, if Mr Maliki is not allowed to run for a third term, or if his coalition fails to win a majority, the 2003 political process wi...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013 -
BP Begins Production At North Shadwan
...EGYPT/EAST MEDITERRANEAN BP Begins Production At North Shadwan BP has started production from its North Shadwan block in Egypt’s Gulf of Suez. Initial production of 1,000 b/d from the block’s NS 377 field will ramp up to 12,000 by 2014 as two further fields on the block come on st...
Volume: 55Issue: 12Published at Mon, 19 Mar 2012 -
SEC Seeking Developers For Power Plant Based On Fuel Oil
...oviding equipment and start-up is scheduled for June 2014. SEC’s second IPP, a Riyadh gas-fired project, is being developed by GDF Suez, Aljomaih Holding Company of Saudi Arabia and Sojitz Corporation of Japan. Commonly known as PP11, it will generate 1.73gw, with early power expected by May 20...
Volume: 55Issue: 12Published at Mon, 19 Mar 2012 -
Saudi Aramco And Sinopec Announce Refinery Partnership
...nbu' refinery is expected to cost just shy of $10bn and is designed to run heavy oil from Manifa. Scheduled to come on stream in late 2014, Yanbu' will produce 263,000 b/d of ultra-low sulfur diesel, 90,000 b/d of gasoline, 6,300 tons/day of petroleum coke and 1,200 t/d of sulfur. “This agreement fu...
Volume: 54Issue: 12Published at Mon, 21 Mar 2011 -
Kuwait And China Sign Agreements For $9Bn Refinery/Petchem Project
...mpany (KPC) and China Petroleum and Chemical Corporation (Sinopec). With plans to have it online and operational by 2014-15, the 300,000 b/d capacity refinery will be set up to process Kuwaiti crude oil and to supply products locally in the growing Guangdong province market and to the rest of Ch...
Volume: 54Issue: 12Published at Mon, 21 Mar 2011 -
Greece And Italy Promote ITGI Gas Pipeline As Best Start To Southern Corridor
...r Bulgaria by 2013 and Italy by 2014-15. The IGB is a small project and easily fits the purposes of Greece, Italy and Bulgaria.” Mr Paleoyannis said a DEPA delegation recently visited Azerbaijan to discuss the possibility of receiving gas from that country’s state-owned oil and gas company Socar....
Volume: 53Issue: 12Published at Mon, 22 Mar 2010 -
US Confirms Azeri-Turkish Impasse On Gas Transit Talks
...ternational Operating Company (AIOC) partners. Otherwise, he said, “Nabucco could become operational by 2014.” Other recent developments in the Caspian and Black Sea regions include: Gazprom’s Deputy Executive Director Alexander Medvedev told Vesti TV on 16 March that the Russian firm had turned do...
Volume: 52Issue: 12Published at Mon, 23 Mar 2009 -
Shah Deniz Phase 2 Development Could Be Delayed By Transit Talks
...erbaijan “subject to commercialization being in place,” according to a 12 March Platts report. The report cited a BP source as saying that “this is not a delay due to the economic crisis, this is due to the impasse on transit terms. It’s pretty well impossible to come online in 2014.” BP and Shah Deniz co...
Volume: 52Issue: 12Published at Mon, 23 Mar 2009 -
Banks Await Award Of Tacaamol Financial Advisory Mandate
...uster. The port, which is one of the central pillars of Abu Dhabi’s envisioned development through to 2030 (MEES, 12 January), is set to be operational by the end of 2010. The first Chemaweyaat complex, Tacaamol, is estimated to cost around $10bn and set to begin production in 2014, with exports of mo...
Volume: 52Issue: 12Published at Mon, 23 Mar 2009