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Iraqi Infrastructure Crunch Begins To Bite
...cision is still some months off, the government appears to be leaning towards the 9.3mn b/d target to be achieved in phases by 2020, Mr Ghadhban said. The oil ministry, which has conducted its own study, looks to be still committed to reaching plateau by contractual 2017, albeit at a reduced 9.5mn b/d le...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
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: 55Issue: 26Published at Mon, 25 Jun 2012 -
IMF Says Kuwait’s 2012 Economic Outlook Positive Despite Political Instability
...nsultation in May, the IMF sounded an alarm bell when it noted “that government expenditure will exhaust all oil revenues by 2017” and warned that fiscal consolidation is needed in the medium term if current trends continue (MEES, 21 May). But economists played down this scenario because Kuwait has adequate re...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012