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KRG Nears Separate Export Decision
...rkey wants to be one of the top 10 economies in the world by 2023, and it has identified Iraq in general, and the KRG in particular, as strategic fuel sources for this planned economic expansion. “We need KRG oil and gas,” concedes a Turkish diplomat. And energy imports are only part of the story. In 2011...
Volume: 55Issue: 22Published at Mon, 28 May 2012 -
Saudis Stick To Economic Expansion, Despite Crude’s Eurozone Jitters
...December 2011). During crises Saudi Arabia does not see the outflows of investments that hit other places like Dubai, but this shows its isolation and “betrays a weakness in the Saudi system,” comments Crispen Hawes, Director of the Eurasia Group. Concern over the crisis could delay the regulatory re...
Volume: 55Issue: 22Published at Mon, 28 May 2012 -
Qatar Joins renewables Race In Move To Conserve North Field Gas
...tar faces a 10% drop in its associated gas as crude output falls. $20Bn Power/Water Expansion In 2011, Qatar’s total installed capacity was 8.76gw, while peak demand was 5.5gw. This gives a reserve margin – the spread between power demand and production capacity – of 37%. Qatar plans to sp...
Volume: 55Issue: 22Published at Mon, 28 May 2012 -
Turkey Warns Of ‘New Problems’ In Wake Of Cyprus Licensing Round
...TRNC (MEES, 5 December 2011). Any activity of international oil companies in these areas in future would bring them into confrontation with TRNC and TPAO and caused undesired tension. Turkey…acting upon its responsibilities as a motherland and a guarantor power, will give every support to TR...
Volume: 55Issue: 22Published at Mon, 28 May 2012 -
Iraq’s NOC Works To Reverse Capacity Slippage
...tal since June 2008. On 26 May, the finance ministry proposed a 2012 budget that foresees a 25% increase in spending to $98.45bn, based on an oil price of $85/B, Reuters reported. The 2011 budget is based on an oil price of $76.50/B and had projected a deficit. But higher prices than envisaged wi...
Volume: 54Issue: 22Published at Mon, 30 May 2011 -
SEC Mulls Issuing International Paper After Sukuk Success
...id. He suggests that the company will issue more Sukuk (all three are of the al-Istithmar type) in the Kingdom if needed, and while he does not expect to tap the market again this year, a 2011 foray is a possibility. Tenors in the Saudi market are not usually long, so it was a challenge to go out to se...
Volume: 53Issue: 22Published at Mon, 31 May 2010 -
Independents Growing In Importance For Gulf Oil And Gas Developments
...s long-standing target of 50,000 boed output and proven and probable reserves equivalent to 300mn boe by year end. To achieve this it would have to buy producing assets. At the same time, efforts to be listed in London and Kuwait have been put back to the start of 2011. Some industry analysts doubt th...
Volume: 53Issue: 22Published at Mon, 31 May 2010 -
BG Eyes Egypt’s Deeper Horizons, Still Plans A Third LNG Train At Idku
...e $3bn that it has earmarked for Egypt, up to 2011. Together with its partners in Egypt, BG produces more than 2.3bn cfd of natural gas, out of total Egyptian gas output of 5.7bn cfd (MEES, 17 March). As a gauge of BG’s rapid growth there, it should be noted that the UK firm only started pr...
Volume: 51Issue: 22Published at Mon, 02 Jun 2008 -
Algeria Aims To Hike LNG Exports To US Despite Project Delays
...vel by 2010 (MEES, 7 November 2005). With both LNG projects originally scheduled for completion in 2009, but now not expected to be complete until 2011 at the earliest, these latest export targets appear unlikely to be met unless LNG commitments to other buyers are displaced in favor of the US ma...
Volume: 50Issue: 22Published at Mon, 28 May 2007