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Iran Targeting Crude Output Hike Alongside Upstream Opening
...ude output averaged 2.82mn b/d over the first quarter of the year, down close to 800,000 b/d on 2011’s pre-sanctions output. Exports are also much depressed, averaging just 1.1mn b/d in 2013, from around 1.5mn b/d as recently as 2011, according to MEES estimates. But with a potential opening on th...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
Oil Exports Resume In Eastern Libya
...Cs are less concerned about their ability to revive production should the export routes open up. While in 2011 fields were hastily shut down by workers escaping the fighting, last year pumps were shut in properly, and facilities have been maintained since. “The fields should come back fast, they al...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
Suez Revenue Steady
...2013. For gross tonnage (including vessel weight), the 2013 figure of 915mn t is just down on 2011’s record 929mn t. The average size of vessels using the canal is rising. Despite record cargo and revenues holding steady, the total number of ships using the canal has fallen in each of the last fi...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
GCC Polymers Increasing In Volume And Sophistication, Says GPCA
...08-13 Chg 2013-18 2008 2009 2010 2011 2012 2013 MN T % %/yr...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
Iran Power Supply Up 4.6%, Capacity Hits 70GW
...n be viewed as remarkable progress given international sanctions. Recent international focus on Iran’s power sector has centered on the 1GW Bushehr nuclear plant, which western powers fear hides a nuclear weapons program. The plant has operated intermittently since 2011 start-up; it is currently sh...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
MENA Countries Hike Defense Spending For 2013
...stern Anbar province bordering Syria. Bahrain has beefed up arms purchases since mass protests by its marginalized Shi’a majority were suppressed with the help of its GCC neighbors in 2011.Oman’s military spending fell 27% in 2013, although this comes on the back of a more than doubling in spending be...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
Iraq’s Management of its Natural Gas Potential - INES Revisited
...veloping the country’s own natural gas potential had been effectively halted. Even now, in 2014, utilization of Iraq’s natural gas, excluding Kurdistan, is around the same as it was in 2003. Since 2011 two contracts costing Iraq around $720mn have been signed to build two pipelines to import around 1.6bn cf...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
EU Crude Oil & Condensate Imports, 2013
...12 2011 ‘000 b/d $mn $/B CIF % Total Rank ‘00...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
Benchmark Crude Prices ($/B)
...13 2012 2011 WTI 103.76 102.75 100.47 100.48 100.68 98.56 97.54 98...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014