1. Qatar Faces Cost Blow-Out In Drive To Redevelop Bul Hanine

    ...onouncements: in 2010, for example, QNB expected crude production capacity to reach 1mn b/d by the end of 2011. This change in tenor suggests that the bank grasps the current situation: Qatar’s heavy investment in crude production is designed to battle oilfield declines; little boost in output is expected over th...

    Volume: 57
    Issue: 20
    Published at Fri, 16 May 2014
  2. Fertilizer Boost For Algeria’s Battered Petchems Industry

    ...hylene throughput had been on a downward trajectory since 2006 and most units were shut down in 2011 (see chart).  The plant had the capacity to produce 120,000 t/y of ethylene, 48,000 t/y of low-density polyethylene (LDPE), 130,000 t/y of high-density polyethylene (HDPE) and 35,000 t/y of PVC. El...

    Volume: 57
    Issue: 20
    Published at Fri, 16 May 2014
  3. Iraq Petchems Exports Possible After 2020

    ...ntracts for the Siba and Mansuriya non-associated gas fields in the Western Desert, has spoken of rising costs of drilling at Mansuriya because of the heightened security risks. Of the four gas fields awarded in the lacklustre 2011 auction, Siba is expected to start production late this year or early ne...

    Volume: 57
    Issue: 20
    Published at Fri, 16 May 2014
  4. Saudi Gifts Egypt Oil

    ...iro. Cutting energy subsidies has been an official government objective since the beginning of the Egyptian revolution in January 2011. Failure to introduce cuts in these subsidies and lower the budget deficit proved to be the stumbling block in the negotiations with the IMF over a $4.8bn loan to Egypt in...

    Volume: 57
    Issue: 20
    Published at Fri, 16 May 2014
  5. Saudi-Iran Relatons On The Mend?

    ...e first high level contact between Riyadh and Tehran since the 2011 start of the Arab revolutions that exposed deep rifts within the Arab world, the ripples of which are still being felt in the Gulf region today. The collapse of Hosni Mubarak’s regime in Cairo forced Saudi Arabia, which prefers qu...

    Volume: 57
    Issue: 20
    Published at Fri, 16 May 2014
  6. Aramco Annual Review: Gas Record, Oil Down

    ...10 2011 2012 2013 ‘13vs’12 (%) RESERVES (re...

    Volume: 57
    Issue: 20
    Published at Fri, 16 May 2014
  7. Iran: Hope All-Pervasive, But Is It Justified?

    ...der the previous administration stand out. Mahmoud Reza Khavari, managing director of Bank Melli, Iran’s largest state-owned bank, fled the country to Canada in late 2011 in a $2.6bn embezzlement scandal. His alleged fraud involved the use of forged documents to obtain credit from at least seven Ir...

    Volume: 57
    Issue: 20
    Published at Fri, 16 May 2014
  8. Benchmark Crude Prices ($/B)

    ...13 2012 2011 WTI 101.50 100.00 100.21 102.02 100.48 98.56 97.54 98...

    Volume: 57
    Issue: 20
    Published at Fri, 16 May 2014