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Kurdish Export Initiative Stalled By Pipeline Sabotage
...mi-autonomous region, to Iraqi oil exports to give the talks the maximum chance of success. The 2014 Iraqi draft budget, still stalled in parliament because of the dispute between the two sides, had factored in 400,000 b/d of Kurdish crude oil exports for the current year. Iraq’s Deputy Prime Mi...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Egypt: No Short-Term Boost To Gas Supplies
...e second half of 2014, according to the Ministry of Petroleum, even as gas shortages are already causing blackouts in the North African country. Power cuts are common in Egypt during the summer, when state utilities are overburdened by the increased use of air conditioning. But this year, the co...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
International Gas Union Sees Changing LNG Market After 2014
...INTERNATIONAL International Gas Union Sees Changing LNG Market After 2014 The Norway-based International Gas Union (IGU) sees continued LNG supply constraints ahead this year, during which time Qatar will remain the world’s top supplier of the super cooled gas. The global LNG ma...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Work To Begin On Egypt’s Tahrir Petchems Complex
...2014. Carbon Holdings aims to raise $3bn of the project cost through export credit agencies and is holding talks with Ex-Im Bank of the US, Korea’s Kexim and Italy’s SACE. Naphtha Vs Ethane Global Demand [Mn B/D] Tahrir Petrochemical Complex ‘00...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Saudi Arabia In Power Generation Efficiency Drive
...24 Gas 2014 U/C Jiddah South 2.80 HFO 2015 U/C Shuqaiq 2.64 HF...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Saudi Arabia Keeping Politics Out Of The Mix
...nthly Energy Review for March 2014 shows that imports of Saudi crude oil by the US averaged 1.328mn b/d in 2013, roughly unchanged from 1.365mn b/d the previous year. The OPEC giant, the world’s largest oil exporter, ranks second after Canada as a supplier of crude to the US market and comes at the ex...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Algerian Elections: Political Stagnation Persists
...versification. In an effort to boost the economy and placate the electorate, Algiers has boosted its budget for 2014, raising expenditure by 11.3% to AD7,656bn ($95.7bn), after reigning in spending in 2013. ...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Qatar Announces Record Budget But Curbs Expenditure Growth
...QATAR Qatar Announces Record Budget But Curbs Expenditure Growth Qatar has unveiled yet another record budget for the 2014-15 financial year. But while expenditure growth is set to slow significantly relative to previous years, the allocation for infrastructure projects is...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Bahrain: Government Debt To Keep Rising
...n-oil GDP growth is projected to pick up to about 5% in 2014, driven by capital spending, while oil GDP is expected to be flat. For the full year the IMF projects overall growth at around 3%, reflecting continued weak investment sentiment in the non-oil sector and limited growth in the oil se...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Cyprus Economy Still At Risk From Bad Loans And Unemployment
...ze enterprises. With rising unemployment, falling credit, and increasing non-performing loans (NPLs), Cyprus’ outlook “remains challenging,” according to the IMF. The fund has left its growth projections unchanged, with “a deep contraction expected in 2014 and a modest and credit-less recovery ta...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Benchmark Crude Prices ($/B)
...Benchmark Crude Prices ($/B) 03 Apr 24-28 Mar 17-21 Mar Mar-14 Feb-14 Q1 2014 Q4 2013 20...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Shell Set For Major Fujairah Storage Lease
...veloped into a top global bunkering, storage and trade center and is of comparable importance and size to Singapore and Rotterdam. Expansion Plans It is expected to expand further: liquid fuel storage capacity is expected to double to over 10mn cu ms by the end of 2014, from nearly 5mn cu ms...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013 -
SEC To Sign Rabigh-2 Power Plant Deal, Concludes $2Bn Sukuk
...ovince Under construction 2014 Rabigh IPP2 1,800 140km north of Jiddah Pre financial close stage 2016 Dhuba IPP1 550 North West Red Sea Coast Planning stage 2016 Dhuba IPP2 1,...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013 -
China & GCC Widen Energy Ties
...ey had gathered in New York for a UN General Assembly meeting. Outgoing Prime Minister of China, Wen Jiabao, visited Abu Dhabi in January 2012 as Chinese oil companies were chasing onshore concessions ahead of their January 2014 expiration. As Vice President in 2008, Mr Xi held extensive me...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013 -
Iran’s Economy Facing a Challenging Year
...deed seem to indicate that the new Persian year (March 2013-March 2014) is likely to witness—apart from unforeseen political crises related to the June 2013 presidential election or other events - a combination of anemic growth, double-digit inflation, near record unemployment, multiple exchange ra...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013 -
IOCs Offer Abu Dhabi CO2 Technology To Secure Oil Fields
...xonMobil (9.5% each) and Portugal’s Partex (2%) – expires in January 2014, and its international oil company (IOC) shareholders are nervous that its fields might be awarded to newcomers. In January, at Masdar’s World Future Energy Summit, ADNOC’s chief 'Abd Allah Nasir al-Suwaidi made a statement that was wi...
Volume: 55Issue: 14Published at Mon, 02 Apr 2012 -
Permit Approvals Set To Boost Apache’s Egyptian Production
...important component of its future Egyptian operations. Meanwhile, a compression project due onstream in 2014 will help prolong plateau wet gas production – and provide an initial 12,000 boe/d boost – at the Qasr field on the Faghur basin’s Khalda concession. ...
Volume: 55Issue: 14Published at Mon, 02 Apr 2012 -
LNG-Powered Vessels – A Potential Game Changer In Shipping
...ws are fragmented and do not cover all aspects in a unified code. But a framework International Gas Fuelled Ships code is expected in 2014. Joseph Morelos, senior surveyor at Lloyd’s Register of Shipping, said at Gastech that the code “will lead to wider acceptance of gas-fuelled ships.” The gr...
Volume: 54Issue: 14Published at Mon, 04 Apr 2011 -
Kuwait Launches Tender For Al-Zour North Power Plant
...rth will have capacity to generate 1.5gw of electricity and produce 100mn gallons/day of desalinated water and will be fuelled by natural gas and/or fuel oil (MEES, 21 September 2009). Kuwait plans to spend KD7.5bn ($27bn) through 2014 to develop its water and power infrastructure, Reuters re...
Volume: 54Issue: 14Published at Mon, 04 Apr 2011 -
Alstom Awarded €170Mn Contract For Al-Zour Power Plant Expansion
...e French company announced on 28 March. The steam-tail will add 400mw to the plant’s existing 800mw generating capacity, increasing its efficiency and cutting emissions per megawatt produced. Al Ghanim contracted Alstom to complete the new plant by 2014. According to the statement, the contract fo...
Volume: 54Issue: 14Published at Mon, 04 Apr 2011