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KRG At Point Of No Return As Baghdad Sues Over Oil Sale
...r failing to meet its 2014 export commitment of 400,000 b/d. It also dismissed a KRG invitation to SOMO to observe the independent sales, saying the state marketer’s role was not that of observer. The KRG halted oil exports from the semi-autonomous province in 2013 because of the dispute with Ba...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Output Continues To Slide As South Sudan Conflict Rumbles On
...eater Pioneer Operating Company (GPOC), and 5,000 b/d from the fields in Block 5A, operated by the Sudd Petroleum Operating Company. All Unity production has been offline since the second week of 2014 though, after rebel forces temporarily took control of the fields in the state, and damaged key in...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
RasGas Breaks With Oil Link In E.ON LNG Deal
...targas-4 (Train 7) – a JV between QP (70%) and Shell (30%) – signed a five-year sales and purchasing agreement (SPA) for Qatargas to supply 1.5mn t/y of LNG to Gasunie and Vopak’s Gate LNG terminal in Rotterdam from January 2014 (MEES, 18 October 2013). Like the RasGas deal, the contract allows for fl...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Turkey’s Petkim Readies For Integration Of STAR Refinery
...8,000 t/y and PTA capacity to 105,000 t/y. Basic engineering and procurement have been largely completed, and construction work is expected to start in 2014. The $5.5bn STAR refinery is being built by Spain’s Tecnicas Reunidas, Italy’s Saipem, South Korea’s GS Engineering and Construction and Japan’s It...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Saudi Refining Output Down In 2013, Major Integration Under Way
...benzene and propylene. At Yanbu’, the Yasref refinery, being built by Aramco and China’s Sinopec, has “made significant progress towards start-up in 2014.” The 400,000 b/d plant will be Saudi Arabia’s “most advanced refinery,” processing Arabian Heavy crude into high quality gasoline, diesel, LPG an...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Saudi Refineries Output 2013
...tal *2505 85.1 91.7 -6.5 from Sep 2014 Yasref, Yanbu Ar...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
US ‘Loss’ Is OPEC Gain As Vienna Meeting Nears
...gions, made for dramatic headlines, the reality is not so bleak. The EIA’s revision actually raises the estimate of production from Monterey to an average 57,000 b/d between 2010 and 2040, up from a 2013 estimate of 14,000 b/d. The new report will be published alongside the EIA’s 2014 Annual Energy Ou...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Egypt To Slash Petroleum Subsidies As Part Of New Budget
...recent months been hit by severe power cuts, ultimately caused by a shortage of fuel and a lack of sufficient funds to import products from the international market. Reviewing the 2014-15 draft budget, Finance Minister Hani Qadri Dimian said that it projects total expenditure at E£807bn ($11...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Palestinian Natural Gas Ambitions
...mand. In January 2014, the three Israeli companies with a share in Israel’s Leviathan field (Avner, Delek Drilling and Ratio) announced that the Palestine Power Generation Company (PPGC) had agreed to buy $1.2 bn worth of natural gas over a 20-year period when the giant field begins production. The Le...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Benchmark Crude Prices
...Benchmark Crude Prices ($/B) 29 May 19-23 May 12-16 May Apr-14 Mar-14 Q1 2014 Q4 2013 20...
Volume: 57Issue: 22Published at Fri, 30 May 2014