1. Jihadist Advance Threatens Key Iraq Oil Facilities

    ...rmalized an already existing sectarian division in the country following the departure of US troops in 2011. Mr Maliki failed to obtain a parliamentary vote that would have allowed the cabinet to declared a state of emergency in Mosul and other areas overrun by Sunni militants, apparently without re...

    Volume: 57
    Issue: 24
    Published at Fri, 13 Jun 2014
  2. IEA Sees $735Bn Investment In Evolving LNG Market Through 2035

    ...wn this year. More vessels will hit the water, further lowering charter rates: after reaching a high of about $150,000/day after Japan’s 2011 Fukushima Daiichi nuclear accident, rates have decreased to about $70,000/day and will likely continue on a downward trajectory. Oil & Gas Transport In...

    Volume: 57
    Issue: 24
    Published at Fri, 13 Jun 2014
  3. Renewables: Turkey, UAE Make Progress But MENA Investment Lags

    ...e record level in 2011. Of this investment only $9bn was in the Middle East and Africa, and this includes $4.9bn from South Africa alone – less than $4bn, ie well under 2% of the global total, was in MENA (see chart). New Capacity Turkey added 112MW of geothermal generating capacity in 2013, ta...

    Volume: 57
    Issue: 24
    Published at Fri, 13 Jun 2014
  4. Cyprus Lays Out Renewables Plans

    ...timism is not shared by the Cyprus Green Party which predicts the government could still fall short of its 13% target if more is not done on the renewables front. The Greens argue that following the 2011 Mari Naval Base munitions explosion, which took out much of the island’s main power plant at ne...

    Volume: 57
    Issue: 24
    Published at Fri, 13 Jun 2014
  5. Nigerian Minister Surprises With Bid For OPEC Top Job

    ...mpany NNPC. It is not known who paid for the FT advert. The minister’s aides have denied the charge and she herself said in a statement after the allegations surfaced that the chartered aircraft was used to carry out official duties. Since her appointment in June 2011, the minister has been cr...

    Volume: 57
    Issue: 24
    Published at Fri, 13 Jun 2014
  6. Libya: Optimism Tempered By Fighting And Production Woes

    ...gn Mr Maiteeq went quietly, accepting the verdict the same day, a relief for Libyans. Mr Thinni only re-assumes the post temporarily; elections are due late this month. But for the first time since the fall of former leader Mu’ammar al-Qadhafi in 2011, the country is immersed in a drawn out bl...

    Volume: 57
    Issue: 24
    Published at Fri, 13 Jun 2014
  7. Jordan Plans $1Bn Bond

    ...reign grants to reduce its budget deficit. It expects to receive JD1,151mn ($1,623mn) in foreign grants in 2014, up from JD982mn ($1,385mn) in 2013 (MEES, 21 March). Gas Shortage Jordan’s fiscal situation worsened after the 2011 Egyptian revolution, which led to a disruption in Egyptian gas su...

    Volume: 57
    Issue: 24
    Published at Fri, 13 Jun 2014
  8. IEA World Energy Investment Outlook: Can We Still Count On The Middle East?

    ...the modeling and analysis are based. The focus is on the ‘New Policies Scenario’. Under this central scenario, global primary energy demand increases by one third between 2011 and 2035. This overall trend, however, masks marked differences between fuels: oil grows at 13% during the period; co...

    Volume: 57
    Issue: 24
    Published at Fri, 13 Jun 2014
  9. Benchmark Crude Prices

    ...13 2013 2012 2011 WTI 106.53 102.58 103.47 101.90 102.02 98.56 97...

    Volume: 57
    Issue: 24
    Published at Fri, 13 Jun 2014