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Saudi 2015-19 Plan Targets 5% Growth
...re 8.35mn b/d, up over 500,000 b/d from the 4Q 2012 figure of 7.83mn b/d. Samba says Saudi growth was 3.8% for 2013 as a whole. It projects a fall to 3.1% in 2014, 2.8% in 2015 and 2.6% in 2016. According to Samba, net foreign assets, which stood at $753bn in 2013, are projected to rise to $83...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
Japanese Crude Oil & Condensate Imports, Q1 2014 (‘000 B/D)
...Japanese Crude Oil & Condensate Imports, Q1 2014 (‘000 B/D) Vs 1Q ‘13...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
Benchmark Crude Prices ($/B)
...Benchmark Crude Prices ($/B) 08 May 28 Apr - 2 May 21- 25 Apr Apr-14 Mar-14 Q1 2014 Q4 2013 20...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
Gulf Petrochemicals Firms Expanding Capacity Despite US Shale Threat
...r ethylene derivatives: “From 2014 excess supply is expected to reach 5mn t/y or more, due to the increases in excess supply in the Middle East as well as the increase in ethylene production capacity making use of shale gas in the US.” The International Energy Agency meanwhile sees global et...
Volume: 56Issue: 19Published at Fri, 10 May 2013 -
Fragile Economy Dominates Upcoming Iranian Elections
...e IMF’s World Economic Outlook, April 2013, Iran’s real GDP, which fell 1.9% in 2012, is projected to fall by a further 1.3% in 2013, before rising 1.1% in 2014. Consumer prices rose by 30.6% in 2012 and are to increase by a further 27.2% in 2013 and 21.1% in 2014. As for unemployment, the rate, wh...
Volume: 56Issue: 19Published at Fri, 10 May 2013 -
Fresh Blast Severs Yemen Crude Export Artery
...has dubbed the National Dialogue – a six-month long conference backed by neighboring Saudi Arabia and tasked, among other things, with writing a new constitution and preparing for democratic elections in 2014. With more than 500 representatives from different political parties, regions, tribes and re...
Volume: 56Issue: 19Published at Fri, 10 May 2013 -
Neutral Zone Contract Awarded
...peline that will take 50-60mn cfd of currently flared associated gas from Khafji. French contractor Technip last year won a contract to build a 110km gas and condensate pipeline, to be completed by the second half of 2014. The pipeline will also take non-associated gas from the Dorra field, which is sh...
Volume: 56Issue: 19Published at Fri, 10 May 2013 -
Kuwait Grants $215Mn For Jordan LNG Terminal
...frastructure facilities, marine equipment and installations, a floating storage and regasification unit, and servicing of LNG vessels. The LNG terminal, projected for completion in the second half of 2014, will allow Jordan to diversify its sources of energy, which previously depended on Egyptian gas su...
Volume: 56Issue: 19Published at Fri, 10 May 2013 -
Total Sees Multi-Billion Dollar Solar Opportunity
...be published in 2014 1 Qatar 16% of the electricity production from renewable energy by 2018. 18000gw announced by Food National Security Program with bid rounds in 2013 1.8 Kuwait 5% of electricity production from renewable by 2020, part of...
Volume: 56Issue: 19Published at Fri, 10 May 2013 -
Yemen’s 2012 Budget Raises Social Spending To Offset 2011’s Economic Decline
...13 and 5.5% in 2014. Inflation is set to fall from the high of 20% in 2011 to 5% or lower in 2012. Total domestic and foreign debt is expected to remain at around 45% of GDP in 2012. As a result of the inflow of foreign loans, aid and remittances for Yemenis abroad, the deficit on the balance of pa...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Lebanon To Import 2.5Mn T/Y Of LNG, Convert Transport To CNG
...compressed natural gas (CNG) once the infrastructure is operating. In 2010 the government completed a study to build a 173km gas pipeline to connect the country’s power stations to the proposed LNG import terminal. Parliamentary and presidential elections in 2013 and 2014 will probably hold the pr...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Energy Equities: Petchems Help Saudi Market Post Multi-Year High
...e plant, which is expected to produce 1.1mn t/y of urea and start up in the third quarter of 2014. Saudi Petrochemical/Refining Trading And Financial Data Company Share Price – 2 May Share Price Start of...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
MOL To Sell Nabucco Shares, BEH Uncertain Over Project’s Future
...lgaria (ITB) redundant. Regarding Nabucco, Bulgaria’s Minister of Energy Delyan Dobrev told BNR radio on 28 April that the signing of a memorandum of understanding (MOU) with Azerbaijan increased Bulgaria’s chances of receiving gas by 2014, noting that Bulgaria succeeded in “committing them [Az...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
TPAO Begins Drilling Well In Northern Cyprus
...th the assistance of the under-secretariat. Mr Yildiz said the ship will be equipped with the latest technology and will be used for 2D and 3D seismic exploration. It is scheduled to be delivered to the MTA in 2014. Turkey has only one seismic research vessel, the ageing Piri Reis, which was sent in...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
TransGlobe Looks To Egyptian Future With Western Desert Expansion
...anted July 2011, first oil expected mid-2012 (c.1,000 b/d). Exploration permit for remainder of block expires June 2014. South Alamein** W Desert 100% (op) 0 0 **0-...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
IOEC Expanding Forouzan As Iran Focuses On Shared Fields Development
...ran onshore field, which extends into Iraq. NIOC estimates that Yaran has 1.1bn barrels of oil in place and could produce 20,000-25,000 b/d over a 24-year period. A first phase of development to give production capacity of 12,000 b/d by the end of March 2014 is expected to cost $600-700mn. Pe...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Pedec Awards Tadbir Energy Contract For Phase 2 Of Mansouri Development
...pected to begin in 2014. Phase 1 capacity is 100,000 b/d and production began in 2007. ...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Cyprus Considers Interim Solution For Natural Gas Supply, Noble Energy Keen To Drill
...raeli and Cypriot gas – if gas in the Cyprus offshore should be discovered (MEES, 17 January). Representatives of Noble Energy met with Cypriot energy officials in early April and laid a plan on the table that could see deliveries of gas from Block 12 to the island by 2014. The first aim would be to co...
Volume: 54Issue: 19Published at Mon, 09 May 2011 -
RWE Expects Delay In Gas Supply Agreement With Turkmenistan
...niz Stage 2, BP has informed MEES that a final decision to sanction the project is expected to be made during the second quarter and that first gas is not scheduled to manifest until 2016. Nabucco is due to come into operation in 2014 (MEES, 3 May). BP heads the Shah Deniz consortium as well as the SC...
Volume: 53Issue: 19Published at Mon, 10 May 2010 -
Lukoil Renews Cooperation Agreement With Astrakhan Region
...d Surgutneftegas also use the 1,510km pipeline, the capacity of which is due to be expanded to 67mn tons/year (1.34mn b/d) in 2014 (MEES, 12 April). BP Azerbaijan on 6 May said crude oil production in the offshore Azer-Chirag-Guneshli (ACG) oilfields totaled 9.7mn tons during the first qu...
Volume: 53Issue: 19Published at Mon, 10 May 2010