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Majors’ 2014 Mena Output: Data Analysis
...10 2011 2012 2013 2014 Mideast Gulf* 478 567 548 545 381 of which: UA...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
OPEC Revenues Take A Beating-EIA
...10 2011 2012 2013 2014 14vs13 *2015 15vs14 Algeria 46 60 41 48...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Qatar Searches For New Gas As North Field Moratorium Set To Continue
...rmation, blocking gas flow. Recent development phases at South Pars have seen a dry hole and salt-water infiltration (MEES, 12 December 2011). IOCS Digging Deeper Despite the North Field moratorium, Qatar hopes to expand gas production further in a bid to meet the feedstock demands of its ambitious do...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Focus Turns Back To Oil In Southern Sudanese Conflict
...s producing in January 2012, before it shut down the entirety of its crude oil production due to the dispute with Sudan over oil transit fees. The economic futures of South Sudan and its northern neighbor have remained inextricably linked despite their July 2011 break up – especially their oil in...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Qatar Starts Work On Second Ras Laffan Condensate Refinery
...0 2011 Total current products output capacity 457 End-2016 Capacity 603 At Ras Laffan Except *Mesaieed. ^2001 For Cond Splitter. Ras Laffan 2 Products Ou...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
OPEC Output Slides In March On Iraqi, African Outages
...bruary (see table). This is the largest monthly fall since March 2011, when the civil war knocked 1.1mn b/d off Libyan output. The March fall tallies with the latest data from London-based tanker tracker Oil Movements, which put OPEC sailings at around 23.8mn b/d for the four weeks ending 22 March, a ma...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Total Reorganizes E&P Operations, Merges Mideast And North Africa
...0,000 b/d. The company has submitted bids for either a 5% or 10% stake in a new concession, but no decision is expected from current operator ADNOC before early 2015. Total, which has targeted production growth of 3% between 2011 and 2015, assuming an average oil price of $100/B for benchmark grade Br...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Iran Braces For 20-30% Utility Price Hikes
...ify the system eventually failed. IMF: Challenges Ahead The IMF, in its first overview of the Iranian economy since late 2011, says Iran’s near term economic outlook remains subject to downside risks. Progress of recent decades in raising income and living standards stalled as both domestic po...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Turkey: A Hub In The EU’s Future Gas Supply Architecture?
...ason, Azerbaijan sped up the process and rapidly conceptualized the TANAP project to carry future Shah Deniz Phase II gas to Turkey. In December 2011 Azerbaijan and Turkey signed an MOU to establish a consortium to build and operate the pipeline. This initial step was followed by a binding in...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Benchmark Crude Prices ($/B)
...13 2012 2011 WTI 103.40 100.47 100.40 100.48 100.68 98.56 97.54 98...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
South Sudan Turns On The Taps
...ity state. “This is a sign of peace. No way are these sisterly countries to live without peace; and [now] oil will play a great role to keep the peace in Sudan and South Sudan,” he told crowds that had gathered at the event. South Sudan seceded from Sudan in July 2011, taking with it around th...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Egypt: Fraying At The Seams
...d been founded. Shell and Statoil – both deepwater heavyweights – gave up deepwater exploration in 2011, not because there was no gas, but because rising costs left them unable to see a way of commercially exploiting any discoveries. And this is with Egypt – unlike Cyprus or Israel – al...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
OPEC And IEA Trim Demand Forecasts On Weaker Than Expected Data
...vere supply disruptions in the future. OPEC Vs IEA Supply-Demand Balances (mn b/d) 1Q12 2Q12 3Q12 4Q12 2011 20...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Benchmark Crude Prices
... OIL PRICES Benchmark Crude Prices* 11-Apr 01- 05 Apr 25- 28 Mar 13-Mar 13-Feb Q1 2013 Q4 2012 2012 2011 WTI 93...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Algeria: Repsol Find
...vember 2012); the latest hit a 50mn gas column and was drilled to a total depth of 1,510ms. The large concession, acquired via 2009 bidding contains several former oil and gas discoveries and lies between BP’s In Amenas fields and the Libyan border. Exploration began in July 2011 with the acquisition of...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Key Yemen Crude Export Infrastructure Targeted
...tbreak of protests against former president ‘Ali ‘Abd Allah Salih in 2011. Sparked by similar revolts in Tunisia and Egypt, these protests led to the ousting of the Salih regime, which in turn created a power vacuum that armed groups have looked to exploit....
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
DEWA Inaugurates UAE’s Largest Power And Desalination Plant
...onomic growth in Dubai. In 2012 electricity production capacity increased by 10.6% compared to 2011.” DEWA said the M Station incorporates six 234mw gas turbines, three 218mw steam turbines, eight 17.5MIGD multi-stage flash (MSF) distillation units, six heat recovery boilers, two 370 tons/hour du...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Comment: Domestic Problems Vex Egypt’s Regional Role
...ve been weakened, not strengthened. Egypt has traditionally played a dominant role in regional Middle Eastern politics, and in the wake of the 2011 revolution it was widely expected that Cairo would reclaim this position for the first time since the Camp David Accords in 1978. However, th...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Kufpec Looks to Asia-Pacific To Boost Output
...fpec official tells MEES. More details will be available after the decision is made. Kufpec met its 2010 production target of 80,000 barrels of oil equivalent per day (boe/d), but has since witnessed declines. While the company produced just 72,000 boe/d in 2011 and MEES estimates that it pr...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Qatar And Libya Give Egypt $5Bn Emergency Fix
...ich may be increased from the long-mooted $4.8bn. The announcement that Qatar is to purchase $3bn of Egyptian government bonds came as Egyptian Prime Minister Hisham Qandil visited Qatar. This comes on top of $5bn of assistance Qatar has already given Egypt since the February 2011 Re...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013