1. Gaza Aid Falters

    ...construction has barely started at the besieged coastal enclave. At the Cairo conference a total of $5.6bn was pledged (MEES, 17 October 2014): of this $3.5bn was earmarked for Gaza (the rest was for general Palestinian government support), and a mere $945mn has been delivered.  The report notes that while so...

    Volume: 58
    Issue: 18
    Published at Fri, 01 May 2015
  2. Chevron ‘On Verge Of Quitting’ Neutral Zone

    ...port for 2014 that it may not be able to sustain production from Wafra at current levels. Failure to resolve the problems might force the company to wind down its operations, a senior Saudi source told MEES recently (MEES, 3 April). Chevron’s onshore fields in the Neutral Zone are the US company’s on...

    Volume: 58
    Issue: 18
    Published at Fri, 01 May 2015
  3. Medco Gets Another 25 Years At Oman’s Karim Fields

    ...e back of more than 12 months of negotiations (MEES, 7 March 2014), and will kick in at the conclusion of the original agreement next year. Under the terms of the deal, Medco commits to investing $120mn/year for the first five years of the contract period (2016-2021). This could then rise to $13...

    Volume: 58
    Issue: 18
    Published at Fri, 01 May 2015
  4. Iranian Officials Highlight Scourge Of Corruption

    ...2014 to 12.3% in 2015 and 13.2% in 2016, according to the IMF’s April 2015 World Economic Outlook. The speaker of the Iranian parliament Ali Larijani said this week that 42% of Iranian university graduates are unemployed. ...

    Volume: 58
    Issue: 18
    Published at Fri, 01 May 2015
  5. Jordan Taps IMF Funds

    ...versification efforts, will ease pressure on Jordan’s public finances and help contain the current account deficit. Also lower oil prices will help to boost Jordan’s growth prospects. But the switch to imported oil from cheaper Egyptian gas (disrupted since 2012, and reduced to a trickle of only 30mn cfd in 2014...

    Volume: 58
    Issue: 18
    Published at Fri, 01 May 2015
  6. 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: 58
    Issue: 18
    Published at Fri, 01 May 2015
  7. Japanese Crude Oil Imports: Seasonal Trends Continue As Saudi Volumes Hit Record (‘000 B/D)

    ...14 2Q14 Mar-15 vsFeb15 Feb-15 Jan-15 2014 rank 2013 2012 MIDDLE EAST 2,...

    Volume: 58
    Issue: 18
    Published at Fri, 01 May 2015
  8. Benchmark Crude Prices ($/B)

    ...Benchmark Crude Prices ($/B)     30-Apr 20-24 Apr 13-17 Apr Mar-15 Feb-15 Q1 2015 Q4 2014 2014...

    Volume: 58
    Issue: 18
    Published at Fri, 01 May 2015
  9. JAPAN Q1 OIL IMPORTS: DOWN 11% ON 1Q14 BUT SAUDI AT NEAR-RECORD 1.4MN B/D IN MARCH

    ...JAPAN Q1 OIL IMPORTS: DOWN 11% ON 1Q14 BUT SAUDI AT NEAR-RECORD 1.4MN B/D IN MARCH (‘000 B/D)   1Q15 rank vs1Q14 vs1Q13 4Q14 3Q14 2Q14 Mar-15 vsFeb15 Feb-15 Jan-15 2014...

    Volume: 58
    Issue: 18
    Published at Fri, 01 May 2015
  10. Noble Bullish On Leviathan Plans

    ...s a dominant position offshore Israel). 2014 Leviathan Sales, Sanction The next stage for Noble is to secure sales deals for Leviathan. “Over the next 6 months, we will enter into a number of major long-term agreements for Leviathan gas,” Mr Davidson says. This would enable the firm to sa...

    Volume: 57
    Issue: 18
    Published at Fri, 02 May 2014
  11. Jordan Shortlists Amman Products Terminal Bidders

    ...rnkey basis during 2014-15 under an engineering, procurement, construction and commissioning (EPCC) contract. The terminal will store 250,000-300,000 tons of white products (gasoline, kerosene, jet fuel and diesel) and 8,000 tons of LPG. It will be built to the east of the capital and will include road ta...

    Volume: 57
    Issue: 18
    Published at Fri, 02 May 2014
  12. Qatar LNG For Kuwait

    ...QATAR Qatar LNG For Kuwait Following two years of negotiations, Kuwait Petroleum Corporation (KPC) has finally concluded an agreement to import LNG from Qatargas, though this initial agreement does not extend beyond 2014 – leaving some degree of supply uncertainty over the medium term fo...

    Volume: 57
    Issue: 18
    Published at Fri, 02 May 2014
  13. KNPC Moves Al-Zour Forward; Saudi Plants Online By End-14

    ...e coker is operational. This is a similar process to the Satorp start-up, with both plants configured for Manifa crude (MEES, 18 October 2013). Takreer’s Ruwais Expansion, configured for Murban crude, was intended to start up in February 2014 (MEES, 9 November 2012). Now UAE Minister of Energy Su...

    Volume: 57
    Issue: 18
    Published at Fri, 02 May 2014
  14. Turkey Taps EBRD For Hydro Cash; Boosts Nuclear, Wind

    ...peline   Project MW Fuel Start-Up Egemer 900 Gas 2014 Kangal 44 Wi...

    Volume: 57
    Issue: 18
    Published at Fri, 02 May 2014
  15. Tipping Point: China Overtakes Us As Opec’s Largest Crude Customer (Mn B/D Monthly Imports)

    ...OPEC Tipping Point: China Overtakes Us As Opec’s Largest Crude Customer (Mn B/D Monthly Imports) Chinese Crude Imports, Q1 2014 ('00...

    Volume: 57
    Issue: 18
    Published at Fri, 02 May 2014
  16. IMF: Boost For ‘Transition Economies’

    ...the fund’s ‘Toward New Horizons Arab Economic Transformation Amid Political Transitions,’ warned “2014 is likely to be another year of tepid economic activity” for the region’s oil importers with average economic growth “slightly short of 3%.” Such growth is “inadequate to deal with the fu...

    Volume: 57
    Issue: 18
    Published at Fri, 02 May 2014
  17. Benchmark Crude Prices ($/B)

    ...Benchmark Crude Prices ($/B)   01 May 21- 25 Apr 14- 17 Apr Apr-14 Mar-14 Q1 2014 Q4 2013 20...

    Volume: 57
    Issue: 18
    Published at Fri, 02 May 2014
  18. MENA Security Deterioration Sounds Oil Investment Alarm

    ...dley, said on 30 April. “We don’t expect significant production from [the newly-developed] In Saleh southern fields in 2014,” he added.  ...

    Volume: 56
    Issue: 18
    Published at Fri, 03 May 2013
  19. Analysis: Aramco’s Overseas Refining And Product Marketing Strategy

    ...in late 2014.   Aramco Trading also sells refined products that Aramco marketing is unable to, due to factors such as lack of storage or a natural disaster sharply cutting demand. Aramco Trading does not sell LPG or crude, which is still done by Aramco marketing, but unlike Aramco ma...

    Volume: 56
    Issue: 18
    Published at Fri, 03 May 2013
  20. Iranian Parliament Approves $20Bn Oil And Gas Bonds

    ...tween the latter and the government remains unresolved and many deputies believe it should be postponed till 2014.   With the official inflation rate topping 31.5% in the year ending 20 March 2013, and independently believed to be double that or even higher, implementation of the second phase of th...

    Volume: 56
    Issue: 18
    Published at Fri, 03 May 2013