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Yemen LNG Sees Upturn In 2013 Fortunes
...ng Kong-based Prospect Group on 13 May. He notes that Yemen managed to produce 6.9mn t/y in 2011. Repeated shutdowns during 2012 – when Yemen LNG had to contend with seven separate bombings of the gas pipeline feeding its Balhaf liquefaction plant on Yemen’s southern coast – meant the plant pr...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
US Gets Tough On Iran Sanctions-Busting
...ports have since plummeted, falling to around 1.1mn b/d in March 2013 according to the International Energy Agency (IEA), down from near 2.5mn b/d for 2011. Among Iran’s key East Asian customers US allies Japan and South Korea have cut imports the most; China – now by far the biggest buyer of Ir...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
Libya’s 2013 Budget Heading To Surplus
...LIBYA Libya’s 2013 Budget Heading To Surplus The freshly-released details of Libya’s 2013 budget shed some light on how the North African state in transition will spend its money in the year ahead. Whilst the country saw a rapid rebound in oil production after 2011’s re...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
IEA: US Shale To Sideline OPEC Going Forward
...chnology improvements and the long-term behavior of oil prices. OPEC vs IEA Supply-Demand Balances (Mn B/D) 1Q12 2Q12 3Q12 4Q12 2011 20...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
Benchmark Crude Prices/OPEC Allies: Kuwait and UAE Production
... OIL PRICES Benchmark Crude Prices* 16-May 6 -10 May 29 Apr - 3 May Apr-13 Mar-13 Q1 2013 Q4 2012 2012 2011 WTI 95.16 96.09 93...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
Qatar Awards Condensate Splitter Project To Chiyoda/CTCI
...chnip, under a contract awarded by Qatargas in August 2011. Earlier, Technip carried out the FEED for LR1. Looking ahead, QP is expected to add an aromatics plant to the condensate splitters complex. This will provide benzene, toluene, and xylene feedstock for the domestic petrochemicals sector. ...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
Kufpec Targets 96,500 BOE/D By End-2013
...erall production has already risen to 80,000 boe/d from around 72,000 boe/d for both 2011 and 2012 (MEES, 12 April). The key boost has come from the Qadirpur gas field in Pakistan and from the expansion of the company’s Chinese output with the recent purchase of BP’s 34.3% stake in the Yacheng offshore ga...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
Calls Mount To Change Saudi Subsidies
...timated in 2011 that Saudi Arabia spends about 20% of its GDP supporting subsidies, including fuel subsidies. This proportion has continued to grow as subsidized prices in turn fuel ever higher demand growth. Stirrings Of Discontent Senior political figures are increasingly speaking out ag...
Volume: 56Issue: 20Published at Fri, 17 May 2013