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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: 56Issue: 26Published at Fri, 28 Jun 2013 -
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: 56Issue: 26Published at Fri, 28 Jun 2013 -
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: 56Issue: 26Published at Fri, 28 Jun 2013 -
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: 56Issue: 26Published at Fri, 28 Jun 2013 -
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: 56Issue: 26Published at Fri, 28 Jun 2013 -
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: 56Issue: 26Published at Fri, 28 Jun 2013 -
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: 56Issue: 26Published at Fri, 28 Jun 2013 -
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: 56Issue: 26Published at Fri, 28 Jun 2013 -
Benchmark Crude Prices
...12 2011 WTI 97.05 96.66 96.31 94.75 92.09 94.42 88.25 94.18 95...
Volume: 56Issue: 26Published at Fri, 28 Jun 2013