- Sort by:
- Score
- Published ▼
-
Iran Output Rebound Sets Stage For Saudi Stand-Off In Vienna
....81mn b/d output. The greatest increase came from Iran, which added a massive 280,000 b/d as it continues to close in on its pre-sanctions output: its April production of 3.38mn b/d is only 200,000 b/d below 2011’s 3.58mn b/d output. Iranian gains were closely followed by the UAE, which had ex...
Volume: 59Issue: 19Published at Fri, 13 May 2016 -
Yemen Conflict Sees Gulf States Test Their Military Prowess
...March 2011, 1,000 Saudi troops and 500 from the UAE intervened to crush a popular uprising in Bahrain. But this is the first time that GCC nations have carried out a concerted air and ground campaign beyond their borders. “Supplying combat units on the ground and sustaining them is much more in...
Volume: 59Issue: 19Published at Fri, 13 May 2016 -
Mideast Military Spending By The Numbers
...ader with over 16%; Saudi Arabia spends 14% and Iraq 9%. The share of GDP spent on the military by the Middle East as a whole has increased in each of the past five years, to 5.8% in 2015 from around 4% in 2011, although this is below 1995’s record 6.4%, according to SIPRI. Aside from the severe se...
Volume: 59Issue: 19Published at Fri, 13 May 2016 -
Iran Selects 49 Oil, Gas Projects Open For Foreign Investment
...id at the Energy Security Summit 2015 in Berlin this week: “Iran cannot have the third or fourth largest oil reserves and export as much as [mid-sized producer] Azerbaijan.” With crude production and export levels at just 75% and 40% of what they were in 2011, before the latest round of US and EU-le...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Zanganeh: six months for full Iran return to markets
...5mn b/d in 2011, before the latest round of US and EU-led sanctions on Iranian oil sales came into effect (see below). Regardless of how long this return takes however, Iran says Asia will continue to be its main target market, as is the case today, under sanctions. “Don’t worry about our oil st...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Iraq, KRG Oil Export Deal Holds Despite Discrepancies
...0,000 b/d gives total Iraqi exports from Ceyhan of just over 514,000 b/d for April, the highest since June 2011. Of the 562,633 b/d that the KRG says it shipped to Ceyhan in April, 415,246 b/d came from “KRG-operated fields,” whilst 147,387 b/d came from “NOC operated fields.” The former includes both fi...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Iran Turns Up The Heat On Chinese State Energy Giants
...ntractor,” he said. “Due to the Chinese contractor’s failure to follow through on its commitments…the order to end its contract in the development of South Azadegan will be issued.” CNPC was awarded the $2.5bn contract in March 2011 (following an October 2009 MoU) to develop the field under a two phase de...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
Syria: Subsidies Hit $1Bn; ‘Losses’ At $22bn
...vernment spent S£40bn ($268mn at the official exchange rate of $1=S£149) on energy subsidies in the first quarter of 2014; over $1bn on an annualized basis. The minister estimates total losses in the hydrocarbons sector since the beginning of the uprising in March 2011 at S£3,202bn ($21.5bn) – S£2,...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
Iran Targets Joint Fields For 1Mn B/D Capacity Boost
...12, Iran’s crude oil exports have taken a significant hit, falling to as low as 800,000 b/d in October last year. This is down from an average of 2.5mn b/d in 2011. The country’s oil output also took a hit as a consequence of the sanctions, falling by around 1mn b/d since end-2011 levels. Iran’s oi...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
KPC 100KBD India Deal
...wait’s Top 3 Crude Buyers, 2011-14 (‘000 B/D)...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
Israeli Offshore Gas Eyes Egyptian LNG Terminals
...yptian gasfields, has an offtake agreement for a further 1mn t/y. Spain went from being the dominant customer for Egyptian LNG in 2011 – when it took close to 30% of total volumes – to receiving zero for 2013 (see table). Houston-based Noble has a 36% of Tamar and is operator, Israel’s Delek Gr...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
Tupras Boosts Turkish Conversion Capacity
...mbined nameplate capacity of 562,000 b/d. Total output for 2013 dipped slightly to 442,000 b/d, but distillates output increased at the expense of fuel oil – to 68.5% of total output in 2013, from 65.3% in 2012 and 64% in 2011 (see table). Diesel output last year hit a record 115,300 b/d, whilst jet fu...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
Saudi Boost Pushes OPEC April Production Higher
...vs YTD ‘13 2013 2012 2011 S Arabia* 9.66 9.59 +0.07 9.82 9.78 9....
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
Libya’s New PM Faces Old Problems
...ime Minister since the 2011 overthrow of Mu’ammar al-Qadhafi. The vote was immediately contested, but seems likely to stand. Mr Maiteeq, a businessman from Libya’s third largest city Misrata, gave a televised speech the following day, in which he pledged to “improve state control and sovereignty, re...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
QPI Makes Second Canada Move With UK’s Centrica
...int oil and gas projects in Canada in 2011. After the latest deal, QPI and Centrica’s interests in the Western Canadian Sedimentary Basin are fully aligned. In a statement, Nasir al-Jaidah, CEO of QPI, said: “We are pleased to have expanded our strategic alliance with our partner Centrica through this ac...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
SABIC Targets ‘Innovation And Ingenuity’
...ale cracker in the US (MEES, 12 April 2013). The report gives 2013 output for only two of SABIC’s business units: fertilizers 6.7mn tons and “metals” (steel production) 5.9mn tons. The most recent data for other units are for 2011 output: chemicals 44mn tons, polymers 11.3mn tons, innovative pl...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
Japanese Crude Oil & Condensate Imports, Q1 2014 (‘000 B/D)
... Mar-14 Feb-14 Jan-14 1Q ‘14 % of total ‘000 B/D % 2013 2012 2011 Middle Ea...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
Benchmark Crude Prices ($/B)
...13 2012 2011 WTI 100.26 100.21 102.02 102.02 100.48 98.56 97.54 98...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
Gulf Petrochemicals Firms Expanding Capacity Despite US Shale Threat
...hylene capacity rising by 3.7% a year in the medium term, to 183.4mn tons/year in 2017 from 147.6mn t/y in 2011 (MEES, 2 November 2012). Despite the shifting market economics, Gulf petrochemicals companies are pressing ahead with expansions. Gulf Petrochemicals and Chemicals Association (GPCA) Se...
Volume: 56Issue: 19Published at Fri, 10 May 2013 -
Changes At The Top, As OPEC Eyes Q3 Market Trajectory
...tually managed to post a rise in exports to the US last year (see graph 1). These rose from 1.186mn b/d in 2011 to 1.356mn b/d. However, with US liquids output set to relentlessly rise over the next decade, the trend for OPEC is downwards (see graph 3). US imports of OPEC crude hit a record of 5....
Volume: 56Issue: 19Published at Fri, 10 May 2013