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Investors Hope For Oil Sector Reform In Wake Of Cairo Coup
...rm, Vegas Oil, following the 25 January 2011 revolution. Hope Of New Beginning However, there were high hopes among oil investors that the exit of the Muslim Brotherhood government might allow Egypt to open a new and more positive chapter. “I have to say there is a feeling of relief…of bu...
Volume: 56Issue: 27Published at Fri, 05 Jul 2013 -
Ex-Qatar PM Leaves QIA
...estions remain unanswered as to QIA’s role in riskier regional markets – such as Egypt, where the overthrow of Qatar-backed former president Muhammad Mursi threatens to throw Qatar’s Egyptian strategy widely off course (see p11). Increased Shell Stake? QIA began an energy buying spree in 2011...
Volume: 56Issue: 27Published at Fri, 05 Jul 2013 -
South Sudan Crude Exports Resume, For Now
... SUDAN & SOUTH SUDAN South Sudan Crude Exports Resume, For Now South Sudan has shipped its first three cargos via Sudan since 2011, but a lack of concrete progress in talks aimed at defusing the most recent North-South dispute has raised fears of a second Southern sh...
Volume: 56Issue: 27Published at Fri, 05 Jul 2013 -
Iran-Pak Pipeline Inches Forward But Completion Unlikely Before 2017
...uld imagine this is more of a symbolic gesture than anything else. Pakistan has previously said it plans to fund the remainder of the cost using the proceeds from a tax introduced in 2011, but two years on, this looks very unlikely. “This is all rubbish,” the South Asian source says. “Pa...
Volume: 56Issue: 27Published at Fri, 05 Jul 2013 -
Iran Takes Steps Towards Planned Tripling Of Gasoline Output
...ans (B/D) From To Status At Existing Refineries Arak 29,370 99,840 On-line November 2011...
Volume: 56Issue: 27Published at Fri, 05 Jul 2013 -
Indonesia Spikes Aramco Refinery, Knocks Back KPC
...r similar tax breaks made by state-owned Kuwait Petroleum Corporation (KPC) overseas downstream subsidiary, Kuwait Petroleum International (KPI). KPI signed a memorandum of understanding (MOU) with Indonesia’s Pertamina in 2011 for a 200,000-300,000 b/d refinery and petrochemicals complex in West Ja...
Volume: 56Issue: 27Published at Fri, 05 Jul 2013 -
Syria’s Cash Backers
...r in March 2011, are believed to have fallen to around $4bn (MEES, 21 June). Rebels Producing Oil, Refining Locally Damascus does not have access to the bulk of Syria’s oil fields; a number of oil wells in the east of the country remain producing but are in the hands of rebel forces, wh...
Volume: 56Issue: 27Published at Fri, 05 Jul 2013 -
Gulf Independents Upbeat On Egypt, Despite Unrest
...pear set to post record figures for the second quarter - Kuwait Energy’s focus on Egypt has not been without its problems. The company was owed $164mn by cash-strapped state firm Egyptian General Petroleum Corporation (EGPC) as of the end of 2012, up from $131mn at the end of 2011. The firm says it has st...
Volume: 56Issue: 27Published at Fri, 05 Jul 2013 -
WB Backs $600Mn Power Project
...ypt’s 2011-13 political and economic upheavals. Investments have not kept pace with 6%/y demand growth and there have been rolling blackouts and frequent service interruptions. This has particularly hit small enterprises and households. The project is part of a program of investment in power ge...
Volume: 56Issue: 27Published at Fri, 05 Jul 2013 -
Jordan Hit By Syrian Overspill, Moody’s Downgrades Two Notches
...the upward trend in general government debt, which Moody’s says increased by almost 10 percentage points of GDP between 2011 and 2012. The agency expects the debt-to-GDP ratio to reach close to 90% in 2014. This echoes IMF predictions, although the IMF predicts the ratio will then ease to 80% by 20...
Volume: 56Issue: 27Published at Fri, 05 Jul 2013 -
Iran: New President Faces Soaring Inflation, Other Economic Challenges
...ficit which needs to be financed by borrowing from the CBI. The IMF predicted an Iranian deficit equivalent to 3.5% of GDP for 2013, up from 2.3% of GDP last year and a surplus equivalent to 4% of GDP for 2011 (see graph 3) A senior deputy in the Iranian parliament Ahmad Tavakoli has called on pa...
Volume: 56Issue: 27Published at Fri, 05 Jul 2013 -
Benchmark Crude Prices
...12 2011 WTI 101.14 95.92 96.66 95.79 94.75 94.17 94.42 94.18 95...
Volume: 56Issue: 27Published at Fri, 05 Jul 2013