1. Russia Becomes China’s No. 1 Crude Supplier In May As Middle East Share Falls Below 50% (‘000 B/D)

    ...YTD14             May-15 Apr-15 Mar-15 YTD15 ‘000 b/d % YTD14 2014 2013 2012 2011...

    Volume: 58
    Issue: 26
    Published at Fri, 26 Jun 2015
  2. Iran’s Upstream Opening: The Foreign Firms That Stand To Lose

    ...is fact, in 2011 the former president even went so far as to say: “Thank God the enemies put sanctions on us… As soon as they told us ‘We won’t sell gasoline to you,’ we started producing gasoline inside the country, and in fact moved towards utmost self-sufficiency.” But this notion of self-su...

    Volume: 57
    Issue: 26
    Published at Fri, 27 Jun 2014
  3. Sonelgaz Generating Capacity Up 2GW In 2013, But Finances ‘Fragile’

    ...this total. He noted that Sonelgaz invested a total AD409bn ($5.2bn) in 2013, an increase of 77.5% over 2012, of which almost half was allocated for power generation.. Sonelgaz Financial Results (Ad Bn)   2011 2012 20...

    Volume: 57
    Issue: 26
    Published at Fri, 27 Jun 2014
  4. Algeria Heading For Oil Output Drop

    ...line later than envisaged. BP’s expansion of In Salah has been pushed back after the attack on the In Amenas fields by Islamist terrorists in 2011, and no new deadline has been given. GDF Suez’s Touat project is now scheduled to come online in late 2016, a year later than envisaged. Total’s initial de...

    Volume: 57
    Issue: 26
    Published at Fri, 27 Jun 2014
  5. Turnout At Libyan Elections Disappoints

    ...5mn Libyans were registered to vote, less than the 2.8mn eligible in 2012. Killings Continue The same day, Salwa Bugaighis, a well-known human rights activist who had played a big role in the peaceful protests that preceded the armed struggle against Gaddafi in 2011, was killed in her house in Be...

    Volume: 57
    Issue: 26
    Published at Fri, 27 Jun 2014
  6. Mideast FDI: ‘Bleak’ Prospects Amid Post-Arab Spring Instability-UN

    ...litical and social upheavals following the 2011 Arab Spring continue to weigh down economic activity and deter potential investors. This comes despite an overall upturn in global economic conditions, and FDI, over the past year. Global FDI inflows rose 9% to $1.45 trillion last year, but for the MENA re...

    Volume: 57
    Issue: 26
    Published at Fri, 27 Jun 2014
  7. Benchmark Crude Prices ($/B)

    ...12 2011 WTI 105.84 106.50 105.32 101.90 102.02 98.56 97.54 98.03 94...

    Volume: 57
    Issue: 26
    Published at Fri, 27 Jun 2014
  8. South Tunisia Gas Development Close To Go-Ahead Despite ENI Departure

    ...y operator in the south of the country – last month started development work at Nawara and is also looking at first volumes from 2016. Proposed Nawara volumes were doubled in late 2011 to accommodate the feed-in of the Cherouq discovery following OMV’s February 2012 takeover of US firm Pioneer’s Tu...

    Volume: 56
    Issue: 26
    Published at Fri, 28 Jun 2013
  9. Iraq Faces Summer Power Crunch Despite Progress On $75Bn Mega-Plan

    ...arged Electricity stands out in Iraq’s highly politically-charged environment as the single most controversial sector. It has proved a graveyard for politicians, with successive ministers getting the sack in 2010 and 2011 (MEES, 3 October 2011). There have been major mistakes, including the 2008-09 GE/Si...

    Volume: 56
    Issue: 26
    Published at Fri, 28 Jun 2013
  10. Qatar Plans First IWPP Project In Five Years

    ...ectricity and Water Company (QEWC) estimates Qatar’s total electricity capacity at 8.77gw and desalination capacity at 327mn gal/day.   Qatar’s previous IWPP project was the QR14bn ($3.8bn) Ras Laffan C plant, inaugurated in mid-2011 (MEES, 6 June 2011). The plant has capacity to generate 2.73gw of el...

    Volume: 56
    Issue: 26
    Published at Fri, 28 Jun 2013
  11. Seoul Seeks To Sate Mideast Supply Needs

    ...er Seoul’s oil imports appear unassailable. Predictably, US-led sanctions on Tehran have eroded Iranian crude import volumes. Jan-May 2013 average of 146,000 b/d is sharply down on 2011’s 251,000 b/d, but only marginally on last year’s 154,000 b/d (see table 2). Purchases from the UAE have made st...

    Volume: 56
    Issue: 26
    Published at Fri, 28 Jun 2013
  12. Egyptian Army Hints At Intervention As Country Remains Divided

    ...e side of the government. In early February 2011, just after the departure of Mr Mubarak, the White House said a new Egyptian government should “include a whole host of important non-secular actors,” a clear reference to the Brotherhood, and now the US ambassador to Egypt, Anne Peterson, has come un...

    Volume: 56
    Issue: 26
    Published at Fri, 28 Jun 2013
  13. Analysis: Will New Amir Era Usher In QP Restructuring?

    ...cember 2011).   In addition to a recent 2.5tcf Wintershall find in Block 4N, Qatar has two other sources of gas available without the moratorium being lifted: surplus gas from the 1.5bn cfd Barzan project; and a 500mn cfd cushion field beneath Dukhan oil field. The cushion field was taken out of pr...

    Volume: 56
    Issue: 26
    Published at Fri, 28 Jun 2013
  14. Firm Oil Prices And Capital Inflows Boost UAE Growth, Says IMF

    ...lated to Dubai World and Nakheel which will begin to mature in 2015-16.      Abu Dhabi 2012 GDP Estimated At $248Bn The GDP of the largest emirate in the UAE federation, Abu Dhabi, rose by 7.7% in 2012 to Dh911.6bn ($248bn) at current prices from Dh846.7bn ($231bn) in 2011, according to fi...

    Volume: 56
    Issue: 26
    Published at Fri, 28 Jun 2013
  15. Algeria’s Natural Gas Policy: Beware Of The Egypt Syndrome!

    ...ose of electricity for that matter) since December 2005. As far as ARH is concerned, it managed, as explained in the Box on p19, to amend the relevant decree to adjust the indexation formula upward but the supply price it last notified in 2011 was kept below what the new formula actually suggested (Fi...

    Volume: 56
    Issue: 26
    Published at Fri, 28 Jun 2013
  16. Benchmark Crude Prices

    ...12 2011 WTI 97.05 96.66 96.31 94.75 92.09 94.42 88.25 94.18 95...

    Volume: 56
    Issue: 26
    Published at Fri, 28 Jun 2013
  17. Abu Dhabi Invites IOCs To Prequalify – Partex’s 2% Stake Up For Grabs

    ...pability to bury 1mn tons/year of CO2 through injection by 2015. KNOC’s Exploration and Production Technology Institute is researching CO2 flooding with overseas laboratories.   CNPC lacks proprietary technology, but has some experience from EOR pilot projects. It says in its annual report: “In 2011...

    Volume: 55
    Issue: 26
    Published at Mon, 25 Jun 2012
  18. Kuwait’s Previous Parliament Reinstated, Shell And K-Dow Probes Continue

    ...lp develop northern Jurassic gas fields (MEES, 8 August 2011). The investigation, which continued under the following parliament, includes whether Shell has operational or management control over the planned 1bn cfd sour gas project in Umm Niga and Sabriyah gas fields, and if KOC followed its own pr...

    Volume: 55
    Issue: 26
    Published at Mon, 25 Jun 2012
  19. Oman Anticipates More LNG Exports On Back Of BP Upstream Output

    ...oject starts ramping up end-2016/early 2017, Nick Wilson writes.   In its 2011 annual report published in May, OLNG says although its exports by volume declined 2%, its revenue rose 26.47% compared to the year before from $3.13bn to $3.96bn due to a 31% rise in prices. OLNG’s sales are in Asia-Pa...

    Volume: 55
    Issue: 26
    Published at Mon, 25 Jun 2012
  20. South Sudan Makes Progress On Proposed Kenya Pipeline

    ...scuss ways in which the government could repay the firm for its work in the long run.   Following the South’s secession from Sudan on 9 July 2011, the two sides have been locked in a dispute over a number of issues including the sharing of oil revenues, the position of the 1,800km border and the di...

    Volume: 55
    Issue: 26
    Published at Mon, 25 Jun 2012