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Will Fujairah Get With The LNG Bunkering Trend?
...G bunkering demand scales up: at this stage, it is only capable of ship-to-ship LNG transfers. On The Rails? LNG is also looking like an increasingly viable option for long-haul road and rail transport. The US Energy Information Agency (EIA) predicts in its 2014 Annual Energy Outlook that LN...
Volume: 57Issue: 27Published at Fri, 04 Jul 2014 -
Aramco Doubles Stake In Korean Refiner, Part Of Global Downstream Push
....5 Total 400 Total Current Domestic 2,505 Yasref (2014) 62.5 Sinopec 400 Jazan (20...
Volume: 57Issue: 27Published at Fri, 04 Jul 2014 -
Saudi Hikes Generation Capacity, Boosts Combined Cycle Usage
...airman Salih al-Awaji says the firm plans to spend SR500bn ($130bn) adding 21 power plants totaling 20GW through 2018. The company’s current projects pipeline totals 18.26GW by this date. CCGT generation figures for 2014 will likely be boosted by SEC’s completions of a 3.92GW plant at Qurayyah, in...
Volume: 57Issue: 27Published at Fri, 04 Jul 2014 -
Iranian Oil Sales Stay High In May Amid Bumper Chinese Buying
...ar. India has been the next biggest ‘violator,’ taking on an average of 309,000 b/d in the first five months of 2014, 41% up on the corresponding period in 2013. India last week paid some $550mn to Iran to clear part of its total dues for past oil payments, raising prospects within India of a further en...
Volume: 57Issue: 27Published at Fri, 04 Jul 2014 -
Genel Optimism As KRG Output Soars
...vanced across northern Iraq (see graph). The firm says neither its output nor exports are threatened. Gross production from Taq Taq rose to 113,000 b/d of oil equivalent in June and averaged 92,000 boe/d in the first half of 2014. Gross production from Tawke was 116,000 boe/d in June and average fi...
Volume: 57Issue: 27Published at Fri, 04 Jul 2014 -
Egypt’s 2014-15 Budget Slashes Energy Subsidies, Deficit
...EGYPT Cairo aims to reduce its budget deficit for the 2014-15 fiscal year by more than originally envisaged, necessitating spending cuts that will largely come from curbing energy subsidies that have crippled government finances. The cabinet this week signed off a final budget with a de...
Volume: 57Issue: 27Published at Fri, 04 Jul 2014 -
Benchmark Crude Prices ($/B)
...OIL PRICES 03 Jul 23-27 Jun 16-20 Jun Jun-14 May-14 Q2 2014 Q1 2014 2013 20...
Volume: 57Issue: 27Published at Fri, 04 Jul 2014