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OPEC Rolls Over Output Target Amid Mounting Economic Gloom
...77mn b/d the last 11 months, compared to 8.8mn b/d for the previous 11-month period. OPEC Crude Oil Production May 2011 – May 2012 (MEES Estimates – '000 B/D) 2012 2011 Ma...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
‘Revolutionary’ Economies Face Financing Woes
...2011-12 have come as an additional blow — contractions in many of their key export markets (not to mention source of remittances and tourists), would have been testing even without the Arab Spring’s upheavals. The World Bank, in its latest Global Economic Prospects, predicts that Eg...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
Libya Eyes Capacity Surge To Beyond 2Mn B/D
...nths of approval, one source says. Ministry Moves Prior to the outbreak of the revolution in February 2011, Libya had no oil ministry, with Shukri Ghanem, former chairman of state-owned NOC, acting as de facto minister. But Mr Ben Yezza, since his appointment in November, has built a new oi...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
Iran Condensate Severely Discounted, Gulf Producers Face Changing Market
...ltiple market impacts, yet the immediate impact on condensate will be a substantial rise in export avails, with supply growing as both trains build to full commercial GTL output. Pearl condensate sales, derived from the Shell gas needed to feed the GTL complex, began in May 2011. Qatar Petroleum’s in...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
OPEC Secretariat Warns Of Danger Of Supply Inaction
...te: totals may not add up due to independent rounding. OPEC’s Summarized Oil Supply/Demand Balance For 2011 (Mn B/D) 2010 1Q11 2Q11 3Q11 4Q11 2011 (a) World Oil Demand 86.77 87.36 86...
Volume: 54Issue: 25Published at Mon, 20 Jun 2011 -
Domestic Demand Challenge Highlighted By Saudi Aramco Report
...view noted. Saudi Aramco is not pushing ahead with any further capacity rise beyond its current 12mn b/d – total Saudi capacity, including the Neutral Zone is 12.5mn b/d. It is implementing the 900,000 b/d offshore Manifa project, albeit with a radically revised timeline. Originally scheduled for 2011...
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
Tunisia Increasingly Gas-Focused As Oil Production Dips
...th compression stations, this pipeline will have a capacity of 3.6 bcm/y and should be ready in 2011. Battling Reservoir Depletion Tunisia has had some success at shoring up its oil output in the last 18 months, with production expected to average 93,000 b/d in 2008, just 2% down on last year. Th...
Volume: 51Issue: 25Published at Mon, 23 Jun 2008