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BP And Eni Show Faith In Egypt’s Offshore
...000ms+ water depth. Contains Shell discovery 15 N. Burg El Arab Offshore 3,180 Pura Vida 2,755 Y 5 Edison (Sidi Abd El Rahman) Edison relinquished 2011 Source: EGAS, Egypt’s Oil Ministry. *Ar...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
South Sudan Oil Revenues Expected By August
...danese oil has crossed the border into Sudanese territory for the first time in more than a year. This coincided with a state visit by Sudanese President ‘Umar al-Bashir to the Southern Sudanese capital of Juba – the first such visit since the South broke away from Sudan in 2011. “The first ba...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Shale Revolution – Threat To Mideast NGL Exports?
...port Import Demand Output Export Import 2011 2,272.30 2,544.10 148.3 202.1 1,523.00 1,545.70 115.7 5.4 67 60.8 78...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Prices Fall On Economic Growth Concerns
...mbers will be watching the trajectory of Chinese purchases very closely in the next couple of months. Chinese Crude Imports From OPEC & MENA Countries ('000 b/d) Jan-Feb ‘13 Rank 2012 Rank 2011 Ra...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Aramco Starts Up 900,000 b/d Manifa Field
...aybah. The expansion project at Khurais will be completed by 2016-17 and Shaybah by 2017. Saudi Aramco from 2004 to 2011 managed to deliver over 3mn b/d of gross additional crude production capacity (and more than 750,000 b/d of NGLs and significant gas volumes) in six major projects, of which only one, th...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Iran Revives Oman Gas Export Plans
...ggest gas producer Petroleum Development Oman (PDO) aims to boost output from new discoveries, and also reduce its own gas use by improving efficiency. Oman and Iran came very close to reaching a gas agreement in 2011, MEES learns, but talks broke down after Iran had a sudden change of heart ve...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Qatar’s Nakilat Faces LNG Market Challenges
...766mn ($210.4mn) compared with QR833.1mn ($228.9mn) in 2011, an 8% year-on-year reduction attributable to higher operational and administrative costs in 2012. Nakilat’s fleet consists of 25 wholly-owned vessels, of which 14 are Q-Max and 11 are Q-Flex, and 29 jointly-owned vessels. The port of Ra...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Turkey Green Lights Bosphorus By-Pass Canal Mega-Project
...s modern reincarnation, the initiative was proposed by Turkish Prime Minister, Recep Tayip Erdogan, who dubbed it his “crazy project” during his 2011 election campaign. Plans for a major 1.5mn b/d pipeline from the Black Sea port of Samsun to the Mediterranean export terminal of Ceyhan have not pr...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Toyo And ENPPI Awarded Ethydco Polyethylene Project
...rly 2015, with construction cost estimated at $600mn. Egypt continues to push its petrochemicals expansion plan despite the uncertainty over foreign investment following the January 2011 revolution. ...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Qatar Tiptoes Into North American Upstream
...ture look for joint shale gas projects in the US and, potentially, LNG projects in North America. In the past, it has taken QPI some time to act on MOUs. QPI and Centrica originally signed an MOU in 2011 and only this week together purchased acreage in Canada. Joint Interest Mr Jaidah sa...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
US Pressure Smothers Kurdish Oil Export Ambitions
...ar or so, this was a policy that lacked teeth. After an initial entry of US firms in 2007 into the region, American investment gathered momentum in 2010 and 2011 (see table). This investment influx coupled with the active participation of former US officials as consultants in the sector, al...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Mubadala Petroleum Profit Slips
... UAE Mubadala Petroleum Profit Slips The profit of Abu Dhabi’s state-owned Mubadala Petroleum slipped to $798mn (Dh2.93bn) in 2012 from $1.25bn (Dh4.59bn) in 2011. This was, in part, due to lower hydrocarbons revenue – which slipped to $1.76bn (Dh6.46bn) in 20...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
No Breakthrough In Egypt-IMF Loan Negotiations
...economics, but also depends on politics… You need to restore confidence.” In order to stabilize the level of the Egyptian pound, which has slid from E£5.80 to the dollar at the beginning of 2011 to E£6.90 now, as well as the country’s banking system “a set of economic policies which goes in the di...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Cyprus Bail-Out Terms Signal Huge Policy Shift For Eurozone Bank Resolution
...en bondholders sued, the courts upheld the Government’s position. Table 1: Assets Of National Banking Systems % National GDP, End 2011 Eurozone 17 Assets of All Banks % GDP Assets of Domestic Banks % GDP Austria 395 29...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Benchmark Crude Prices/Oman Oil Production
...OIL PRICES Benchmark Crude Prices* 18-Apr 08- 12 Apr 01- 05 Apr 13-Mar 13-Feb Q1 2013 Q4 2012 2012 2011 WTI 87.73 93...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Chinese Crude Imports by Country of Origin
...total Rank ‘000 b/d % 2012 2011 MIDDLE EAST 2,813 3,233 -420 3,034 53.3 162 5.7 2,700 2,607 Saudi Arabia (OPEC) 1,...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013