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Iran Targets New Buyers For Its Crude
...24 April, quoting official sources. This was down from the previous year’s figure of 18.1mn tons (362,000 b/d). This plunge, PTI said, meant Iran is now India’s sixth largest supplier of crude in 2012-13, behind Saudi Arabia, Iraq, Venezuela, Kuwait and the UAE. In 2011-12, Iran was the third la...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Shell’s ‘New Lenses’ Offer Kaleidoscopic Vision
...ansmission projects of the ‘Desertec’ variety (MEES, 14 November 2011) “given the difficulty of high-level international policy coordination”. Mix And Match Kaleidoscope This highlights one of the drawbacks of Shell’s approach. Of course it is understandable that for the sake of simplicity the ma...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Total Sees Partnerships, Technology, Exploration Driving Growth
...gionally and globally, in a bid to drive production from 2.3mn boe/d in 2012 to its targeted 3mn boe/d by 2017. The group’s expected Middle East production of around 550,000 boe/d this year is slightly down on 2011’s 570,000 boe/d. Privately officials concede that the region’s operating environment is cu...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Benchmark Crude Prices/Saudi Arabia Crude Production
...OIL PRICES Benchmark Crude Prices* 25-Apr 15- 19 Apr 08- 12 Apr 13-Mar 13-Feb Q1 2013 Q4 2012 2012 2011 WTI 93.64 87...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Egypt Rejoins MENA Nuclear Pursuit, Iran Plans Two New Bushehr Plants
...perimental reactor in Anshas.” The announcement revives a 2007 plan, postponed by the interim government following the February 2011 revolution. Egypt set up its Nuclear Power Plants Authority (NPPA) in 1976 and selected Dab’a, 250km west of Alexandria, as the site of its first nuclear plant. It al...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Iraqi Provincial Elections: Prelude To A New Balance Of Power
...ections, down from 72% in previous elections in 2009. The drop reflects growing disillusionment with the post-2003 political process. The April 2013 elections are the first to be held following the departure of US forces in late 2011. Iraqis typically vote on the basis of their sectarian or et...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
EU Eases Syria’s Oil Sanctions
...day eased certain EU sanctions against Syria, including the oil embargo, so as to help the civilian population and support the opposition.” EU sanctions were imposed in 2011 in response to the Asad regime’s crackdown on pro-democracy protests. Sanctions banned exports of key equipment and technology to...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
International Oil Market Developments
...vements, which led to the suspension or huge reduction of exports from countries such as Egypt, Syria, Yemen and even Tunisia. Moreover, conflict between Sudan and South Sudan led to suspension of the latter’s exports. • The tsunami, which hit Japan in March 2011 led to the shutdown of most Ja...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013