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Tight LNG Market Drives $2bn Revenue Boost For Qatar
...ices work their way through the system. Already, April revenues were the highest since March 2014’s $12.46bn and were among the highest monthly figures ever (see chart 1). Hydrocarbon revenues of $10.5bn accounted for 88% of the April total, significantly above the 2021 average of 84%. High re...
Volume: 65Issue: 22Published at Fri, 03 Jun 2022 -
Jordan’s Nepco: An End To Operating Losses?
...Jordan (MEES, 8 August 2011). Volumes fell from 220mn cfd in 2010 (which nearly met domestic demand) to 78mn cfd the following year forcing Jordan to increasingly import diesel and fuel oil to generate power just as oil prices were exceeding $100/B. By 2014, Nepco was relying on oil products fo...
Volume: 62Issue: 22Published at Fri, 31 May 2019 -
Iran’s Banking Sector: Dark Days Loom
...sperately trying to repair their books after offering deposit rates as high as 22% back in 2014 before the oil price crashed later that year. (A substantial premium over inflation which was around 15%.) Oil revenue collapsed from $57.3bn in 2014 to $27.3bn in 2015. But the real damage was done after the ti...
Volume: 61Issue: 22Published at Fri, 01 Jun 2018 -
Sama Net Foreign Assets ($Bn)
...SAUDI FOREIGN RESERVES ROSE ABOVE $500BN FOR FIRST TIME IN A YEAR AT END OF APRIL... ...WITH THE RECENT REBOUND COMING AS PRiCES FOR ARAB LIGHT HIT $69/B, the HIGHEST SINCE 2014 SOURCE: SAMA, MEES....
Volume: 61Issue: 22Published at Fri, 01 Jun 2018 -
Iraq Oil Takings Up
...Iraqi crude export revenues totaled $4.66bn in May, the sixth successive month in which they exceeded $4.5bn. This is the first time Federal Iraq has achieved this since December 2014 as the collapse in oil prices since mid-2014 has offset a 35% increase in export volumes. But it looks as if th...
Volume: 60Issue: 22Published at Fri, 02 Jun 2017 -
Egypt Plans Further Cuts To Subsidy Spending
...ypt’s vulnerabilities might increase further over the next 12 months. EGYPT CUTS SPENDING ON ENERGY SUBSIDIES, BUT BY LESS THAN THE FALL IN OIL PRICES (E£ BN) FINANCIAL YEARS ENDING JUNE. *ACTUAL PRICES TO 2014-15. ‘JANUARY 2016’ AND ‘MAY 2016’ USE AVERAGE PRICES FOR THE FINANCIAL YEAR TO 20...
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
Algerian PM Toughens Tone On Economy, Sonatrach Chief Pressed To Boost Output
...me period a year earlier. The lower exports weighed significantly on the trade balance which recorded a deficit of $4.32bn for January-April 2014, against a surplus of $3.4bn during the equivalent period in 2014. Total exports fell 41% to $13.4bn, with non-hydrocarbon exports accounting for $866mn, or...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Cornered Tehran Ups Gas, Gasoline Prices To Ease Cash-Crunch
...clear deal in the coming weeks – for now at least, Iran appears more focused on identifying solutions from within: specifically, by further trimming its energy subsidy bill, which was estimated at upwards of $50bn in the last Iranian year (March 2014-March 2015). As of midnight on 26 May, Iran hi...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
KNPC Seeks Ideas, Finance For Refinery Projects
...ocurement and construction (EPC) contracts worth a combined $12bn for projects to upgrade the existing 270,000 b/d Mina Abdullah and 466,000 b/d Mina al-Ahmadi refineries, while expanding the former and reducing the latter to give a combined crude distillation capacity of 800,000 b/d (MEES, 14 February 2014...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Morocco Solar Funds
...tober). Morocco also has coal-fired plans totaling 1.64GW under development. For these Morocco secured $290mn from China Exim Bank (320MW at Jerada), while a 1.39GW plant at Safi was backed by $2.6bn project finance led by France’s Engie (MEES 10 October 2014). Morocco’s next big funding requirement ma...
Volume: 58Issue: 22Published at Fri, 29 May 2015