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Mideast Refining Capacity Edges Up, Runs Fall
...st ambitious expansion plan – three 400,000 b/d capacity refineries, due onstream in 2013, 2014 and 2016. The UAE is building a 417,000 b/d plant which is due onstream in 2014, while Algeria’s Sonatrach has announced a plan to build four 100,000 b/d capacity refineries for 2017 start-up. Also Oman is lo...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
IMF Approves $1.74Bn Reform Loan For Tunisia
...record levels of 18.9%. But, following the sharp economic decline, the economy began a moderate recovery in 2012. The IMF predicts GDP growth will strengthen to 4.0% in 2013 and 4.5% in 2014. However debt has continued to grow, with the budget deficit set to hit 6.4% of GDP this year (see gr...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
Iraq’s Integrated National Energy Strategy: Summary And Key Recommendations
...cessarily uncertain, and a range of production profiles therefore has been considered for planning purposes. Iraq’s primary upstream strategic objective now is to ensure that the development of these fields proceeds expeditiously, aiming for production by the end of 2014 at a rate between the me...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013