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UAE Nuclear Powergen Soars, As Saudi Seeks US Partnership
...5MW Bushehr-1 reactor in 2011, a decade after work on the plant had resumed in 2001 after being halted by the 1979 revolution (MEES, 7 September 2012). Bushehr-1 generates around 6TWh annually – around 15% of the UAE total (see chart) – but while Iran was a regional pioneer, plans for Russia’s Rosatom to...
Volume: 68Issue: 22Published at Fri, 30 May 2025 -
Libya’s North Hamada: Development At Last?
...t the 2011 ‘revolution’ marked the beginning of years of instability. Though Tripoli in late-2011 approved Medco’s declaration of commerciality on structures A+L, D and F, by then the firm like most other foreign companies had pulled its staff out of the country. It returned in 2013 and drilled th...
Volume: 62Issue: 22Published at Fri, 31 May 2019 -
Gulf Monarchies Look To Score In Soft Power Premier League
...ampions League performance under Abu Dhabi ownership is the semis in 2015-16. At least this is one stage better than the Qatar Investment Authority (QIA) has managed to achieve since paying $100mn in 2011 for French Ligue-1 club Paris St Germain (PSG). QIA subsidiary Qatar Sports Investments (QSI) has si...
Volume: 62Issue: 22Published at Fri, 31 May 2019 -
Jordan’s Nepco: An End To Operating Losses?
...ars of 2011-14 when Nepco racked up a cumulative $5.4bn in operating losses (see chart 2). Like many Mena countries, Jordan heavily subsidizes electricity consumption. But unlike most of its neighbors, Jordan’s dearth of domestic energy supplies (Jordan imports some 94% of its energy) means that Nepco pa...
Volume: 62Issue: 22Published at Fri, 31 May 2019 -
Egypt Doubles Down On Attempts To Reverse Gas Slump
...e BG-operated WDDM project more than accounts for the remainder. Output from the BP/Eni fields is down by a total of 524mn cfd since 2011, with BG output down 440mn cfd over the same period, some 83% of the overall 1.15bn cfd fall in Egypt’s output since 2011. Eni has been keen to talk up its De...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Saudi Mosque Bombings Shatter Illusion Of Security
...stern Province since the 2011 so-called Arab Spring revolutions. Riyadh has in the past blamed Iran for what it says is an attempt to foment strife amongst the Shia minority. It also blames Tehran for supporting the Houthi rebellion in Yemen, which prompted King Salman to order air strikes against the Ye...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
ENOC Moves Ahead With Offer To Absorb Dragon Oil
...though the UAE raised gasoline prices twice in recent years, it deferred a third price in the wake of the Arab revolutions of 2011, fearful of a backlash. Federal law requires that Enoc and its subsidiary Emirates Petroleum Products Company (Eppco) sell gasoline at the government mandated price. In 2011, th...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Libya’s NOC Dreams Of Better Future
...l fields offline, the Libyan energy sector is undergoing its worst crisis since the revolution ground operations to a halt in 2011, at a time when the political situation is deteriorating. Earlier this month, former general Khalifa Haftar attacked Islamist militia in their bases in Benghazi, ba...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Output Continues To Slide As South Sudan Conflict Rumbles On
...rst time the two former civil war foes have cooperated on oil matters since the two countries split in 2011, under the terms of a ‘Comprehensive Peace Agreement’ signed six years prior. But far from doing it out of concern, Khartoum’s latest offer is almost certainly driven by a sense of economic se...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Egypt: Poor Turnout Takes Shine Off Sisi Election Victory
...cular activists that had taken part in the 2011 Arab Spring revolution, arresting journalists that did not toe the government line. The media has long whipped up nationalist fervor in support of Mr Sisi, and a well-funded campaign has fostered a personality cult around the army strongman. The Muslim Br...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Natural Gas Find To Propel Cyprus Towards Reunification?
...tural gas deposits in 2011 has given both Turkish Cypriots in the north and Greek Cypriots in the government controlled area in the south extra impetus to solve the division of the island. The consensus among experts is that the discovery of the 5 tcf Aphrodite field in Block 12 of Cyprus’ Exclusive Ec...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Egypt To Slash Petroleum Subsidies As Part Of New Budget
...too low however, and could threaten growth, Egyptian economists warn. Social Expenditure In Egyptian Budgets: 2011-2015 (E£ Mn) 2014-15* 2013-14** 2012-13 2011-12 Total So...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Benchmark Crude Prices
...13 2012 2011 WTI 103.58 103.42 101.64 102.02 100.48 98.56 97.54 98...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Tripoli Touts Progress In Face Of Security Challenge
...e Mellitah gas plant which left one guard dead, Dr Berruien said security problems have been exaggerated. The drilling of 19 exploration and appraisal wells, and acquisition of “more than 2,000 sq km of (3D) seismic” since October 2011 is proof oil companies can do business in post-revolutionary Li...
Volume: 56Issue: 22Published at Fri, 31 May 2013 -
Abu Dhabi Habshan Gas
...ortage. Nitrogen Injection GASCO is preparing to inject 600mn cfd of nitrogen by mid-2014 into Habshan wet gas field, and in doing so recover the same volume of gas – currently used for reinjection – for delivery to Habshan 5 (MEES, 19 September 2011). Currently, most of the heavier ‘field condensate’ is...
Volume: 56Issue: 22Published at Fri, 31 May 2013 -
ADNOC Pushes To Own Faulty Hormuz Bypass Pipeline
...ased around 1mn barrels of liquid fuel storage at Vopak Horizon’s terminal. Aramco Trading, founded at the start of 2011, is Saudi Aramco’s refined products trading arm. Saudi Aramco and Shell are likely hoping to target the Asian market and take advantage of Fujairah’s strategic po...
Volume: 56Issue: 22Published at Fri, 31 May 2013 -
Libya Eyes $80bn Downstream Drive
...chnologies.” Libya’s only current foreign downstream joint venture, the 50% stake of Dubai’s Al-Ghurair group in Ras Lanuf, has not been a happy one. Under the terms of the 2009 investment, Al-Ghurair was to invest $2bn in modernizing and expanding the plant. But a combination of factors, most notably the 2011 ci...
Volume: 56Issue: 22Published at Fri, 31 May 2013 -
EU Renews Sanctions On Syria
...y that Syrian production of oil had fallen to only 20,000 b/d, that is to say a mere 5% of the 380,000 b/d Syria was producing before the start of the civil war in March 2011. In early May Mr ‘Abbas estimated Syrian crude production at 70,000 b/d (MEES, 10 May). This has forced his country to...
Volume: 56Issue: 22Published at Fri, 31 May 2013 -
Saudi Aramco: 2012 Production Rises, Capacity Steady
... SAUDI ARABIA Saudi Aramco: 2012 Production Rises, Capacity Steady Saudi Aramco’s 2012 Annual Report, released on 27 May, shows crude production hitting a record 9.51mn b/d, up over 440,000 b/d on 2011’s previous record. Gas output of 10.7bn cfd, up 9% on 2011, is al...
Volume: 56Issue: 22Published at Fri, 31 May 2013 -
IMF Sees Positive Economic Developments In Iraq
...12 from $1,300 in 2004. This favorable IMF assessment comes at a time when violence in Iraq has surged to new highs and Sunni opposition to the Shi’a dominated government has become more pronounced. The IMF notes that fiscal surpluses reached almost 5% of GDP in 2011 and 4% in 2012 as a re...
Volume: 56Issue: 22Published at Fri, 31 May 2013