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Japan Takes In More Opec Crude And Condensate As Imports Rise In 1Q16 ('000 B/D)
...*ALL USA SINCE 2014. 2011 VOLUMES INCLUDE CANADA....
Volume: 59Issue: 18Published at Fri, 06 May 2016 -
Iran Readies Upstream Opening In Anticipation Of Nuclear Deal
...st 34% of what was envisaged as part of Iran’s fifth development plan (January 2011-March 2015). Already starved of investment from abroad, what little funds NIOC and the ministry does have for investment is being regularly raided by the government in order to pay out monthly cash handouts to the Ir...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Eni Ramps Up Western Desert Output As Cairo Looks To Cut Through Red Tape
...lehia, Ras Qattara, Raml and West Razzak, the Melehia permit, 300km west of Alexandria, accounts for over 75% of total output, some 54,000 b/d. The field’s output has ramped up rapidly since mid-2012 when Eni first tapped the fields deep formations (MEES, 28 May 2012). Back in 2011-12 Agiba produced 40...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Italy Ups Algerian Gas Imports As Lower Oil Prices Feed Through Into Contracts
...ood at 409.1 bcm in 2014, compared with 477.8 bcm in 2011, according to statistics from Eurogas, a fall of almost 15% over the past three years. Falling demand made it a buyers’ market and Europe’s main gas suppliers – Russia’s Gazprom, Norway’s Statoil, Algeria’s Sonatrach, and to some extent Qatar’s Ra...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Saudi Top Oil Brass On China Charm Offensive
...ina. Today, we export around 1 million,” Mr Naimi said at the Beijing Energy Club on 27 April. China was a net exporter of crude until the turn of the millennium. Saudi supplies to China soared to hit 500,000 b/d in 2006 and 1mn b/d in 2011 but have remained at around this level since: overall Ch...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Saudi Reshuffle: Is The Stage Set For An Oil Change?
...re accused of plotting to kill the Saudi ambassador a few years back, a revelation that pushed already tense relations between the two regional powers to a new low in 2011. Should the change lead to a harder line in dealing with Iran, it would complicate Mr Naimi’s task of trying to try to hold an al...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Damascus Cash Crunch As Crude Below 10,000 B/D
...oduction of 385,000 b/d before the start of the uprising in March 2011. However, if the government figures are to be believed, output is actually up slightly on the 2014 average of 9,330 b/d, while the average for the first quarter of 2014 stood at 13,000 b/d (MEES, 9 May 2014). Gas production has fa...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Iraq: Q1 Exports Hit 2.7mn B/D But Still Way Off 3.3mn B/D 2015 Target (‘000 B/D)
...b-15 Jan-15 2014 2013 2012 2011 2010 CRUDE OUTPUT: Federal* 3,064 -42 -77 3,...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Palestine Moves Forward With Onshore Oil Bid Round Amid Difficult Politics
...ile the Meged-5 well initially produced about 800 b/d when it came online in 2011, it averaged just 400 b/d over its first two years. The geology is challenging for a small operator with low technical capabilities like Givot Olam, as the carbonate rock containing the targeted reservoir is poor; co...
Volume: 57Issue: 18Published at Fri, 02 May 2014 -
Petro Rabigh, Chemanol Restart Offline Units
...rivatives – for an undisclosed period in 2015 for testing and inspection. This will be the plant’s second such shutdown since 2011, although the company says a five-year interval is typical for the industry. Petro Rabigh was hit last year by two utilities outages that necessitated repair and maintenance work on...
Volume: 57Issue: 18Published at Fri, 02 May 2014 -
Egypt: A Revolution Undone
...EGYPT Egypt: A Revolution Undone This week’s mass death sentences against political opponents have made it obvious that the army has reversed the course set by the 2011 revolution. But the military leadership has inherited the problems that ended Mubarak’s rule, and it is cr...
Volume: 57Issue: 18Published at Fri, 02 May 2014 -
Benchmark Crude Prices ($/B)
...13 2012 2011 WTI 99.42 102.02 103.97 102.02 100.48 98.56 97.54 98...
Volume: 57Issue: 18Published at Fri, 02 May 2014 -
Cairo Scrambles To Avert Gas Catastrophe
...mbled from around 5.5bn cu m/yr in 2009-10 to just 1.82bn cu m in 2011 (MEES, 15 February). Clearly some gas has been freed up, but the impact has been limited. Operations at key petrochemical producers, such as at E-Methanex’s 1.3mn t/yr Damietta methanol complex, at EBIC’s 700,000 t/yr am...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
MENA Security Deterioration Sounds Oil Investment Alarm
...insurgency campaign and the KRG could have been motivated just as much by a desire to send a political message to Baghdad. “The Kurds had no pressing security rationale to mobilize,” explains Dr Knights. “The last time the Kurds screened Kirkuk - in February 2011 - Arab Haweiji tribes were about to...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
Analysis: Aramco’s Overseas Refining And Product Marketing Strategy
...rminals and over 1,600 service stations, and is also a major exporter in the Asia Pacific regional market. S-Oil completed its Onsan Refinery expansion project in 2011, boosting refinery capacity from 580,000 to 670,000 b/d. Its petrochemical output is 1.7mn tons/year of paraxylene and 280,000 t/y of be...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
Iranian Parliament Approves $20Bn Oil And Gas Bonds
...vember that the fund’s total financial assets stood at $42bn. NDF was established in 2011 to replace the Oil Stabilization Fund (OSF) with the aim of converting oil and gas revenue into productive investments for future generations. It was incorporated under the law for the Fifth Development Pl...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
Kuwait Energy Set For Continued Growth In 2013
...change. KEC profits rose by 29% to $45mn for 2012, whilst sales rose 26% to $225mn. The company’s total working interest production hit almost 18,000 barrels of oil equivalent per day (boe/d), up 32% from 2011, and has risen further to almost 21,600 boe/d for the first quarter 2013 (see table). Of this 93...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
Dubai Set To Expand Jet Fuel Facilities
...tween its Jebel Ali refinery and the airport. In 2012, total passenger movement increased by more than 13% over 2011 and in 1Q13 passenger traffic surged nearly 21% over 1Q12 volumes. Dubai’s state airline Emirates has been accused by competitors of receiving preferential jet fuel prices at its hub ai...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
GCC Polymers Capacity Expansion ‘Tremendous’
...astics Industry – Facts and Figures 2012, says this represents a 13% capacity increase over 2011. “Throughout the past five years,” says the report, “the GCC region went through tremendous polymers capacity expansion with a compound annual growth rate (CAGR) of 16%.” The largest growth in percentage te...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
Sabic To Cut EU Interests
...BIC first quarter net profits fell 10% year-on-year, as planned maintenance hit production and sales volumes. Net income for 1Q13 was SR6.56bn ($1.75bn), compared with SR7.27bn ($1.94bn) for 1Q12. Full year 2012 profits fell 15% to SR24.7bn ($6.59bn) from SR29.24bn ($7.80bn) in 2011 (MEES, 15 February). ...
Volume: 56Issue: 18Published at Fri, 03 May 2013