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Saudi Aramco Oil, Gas Reserves At All-Time High
...DICATED) 2014 vs2013 2005 2006 2007 2008 2009 2010 2011 2012 20...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Morocco’s $4.6bn LNG Scheme Continues To Drum Up Interest
...d a 170MW steam turbine, requiring around 84 mn cfd (0.87 bcm/y). Supplies to the two plants were until October 2011, exclusively covered by the payment in kind – 0.75 bcm/y of gas that Morocco would receive from Algeria in return for transit rights. Morocco wanted to receive its transit fees in ca...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Egypt’s Deficit Up
...balances after the January 2011 revolution (including $3bn grants from Saudi Arabia and the UAE, in addition to E£20.3bn out of the E£29.7bn allocated to finance the first stimulus package), it did not have the same inflow in the corresponding period of 2014-15. If these exceptional inflows were to be ex...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Algeria’s Youcef Yousfi Ousted In Cabinet Reshuffle
...ined in 1998 as head of the petroleum economics studies division before becoming head of operational research and petroleum economics until 2004. His most recent role was as chairman and chief executive of the Algerian Petroleum Institute (IAP), a position he held for five years until 2011. Mr Khebri gr...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
He Ain’t Heavy, He’s My (OPEC) Brother
...rticular market have failed miserably. In 2011, when the world lost nearly all Libyan output, Saudi Arabia came up with the notion that it could fill the void by creating a super-light, low sulfur blend mimmicing Libyan crude. But the Saudi cocktail found almost no takers: while the API gravity of the bl...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
US Tries To Soothe Gulf Arab Fears Over Iran At Camp David Summit
...nations sharing common interests. The GCC has been weakened by internecine disputes since the start of the so-called Arab Spring revolutions of 2011, often finding some of their members on opposite sides of the struggle against rising extremism in the region. The metastatic spread of Iranian in...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Libya Could Run Out Of Cash Sooner Rather Than Later
...ports of refined products. Public salaries dropped slightly from LD25.6bn in 2013 to LD23.8bn in 2014, but this was still more than 60% higher than the LD14.8bn the government spent on salaries in 2011. The drop in the oil price is likely to mean the government’s subsidies bill falls in 2015, but if the ad...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Bahrain 2015-16 Budget Deficit Soars
...ice exceeds $40/B. Four GCC countries, Saudi Arabia, Kuwait, the UAE and Qatar set up in 2011 a Gulf development fund to disburse $10bn in grants over 10 years to finance Bahraini projects. This aid will be extremely timely in these hard times of low oil revenue (MEES, 1 March 2013). BAHRAIN BU...
Volume: 58Issue: 20Published at Fri, 15 May 2015