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Blast Shuts Egypt-Jordan Pipeline
...oups. It was not clear who was responsible for the sixteenth attack on the pipeline since the overthrow of Mubarak in January 2011, albeit the first since last July. Sinai Islamist groups have recently targeted the Egyptian army, raising speculation that the attacks were a reaction to the ou...
Volume: 56Issue: 28Published at Fri, 12 Jul 2013 -
Iran Condemns Mounting Western Oil Sanctions
...om using oil as a political weapon; so the West should have done the same, he says. “Unfortunately, political interference in the Middle East has brought instability to the region… Since 2011, unilateral sanctions have been placed on Iran by Europe and the US,” the minister said, according to...
Volume: 56Issue: 28Published at Fri, 12 Jul 2013 -
OPEC Sees Fall In 2014 Call on Its Crude
...30.38mn b/d, the producer group said – just 380,000 b/d off the 30mn b/d production ceiling in place since December 2011. OPEC’s figures based on secondary sources, highlighted Libya, Nigeria and Angola as the main culprits behind the drop, accounting for 339,000 b/d of the month-on-mo...
Volume: 56Issue: 28Published at Fri, 12 Jul 2013 -
Law Change Hands Power, Oil Revenues To Iraq’s Provinces
...oil deal in the province, around the same time. On 14 June, Tigris announced it had sold out to fellow Swedish explorer Crown Energy. While in March Geneva-based KRG explorer Oryx Petroleum announced it had done an oil deal in December 2011 with Wasit’s provincial government (MEES, 29 March). Oryx fo...
Volume: 56Issue: 28Published at Fri, 12 Jul 2013 -
Syrian Politics Shake-Up
...abia in 2011 and is said to have since developed close ties with the Saudi leadership. He is also a prominent advocate for international arms transfers to rebel groups. His Saudi ties may help to facilitate this. Nominally, the SNC is an interim Syrian government. It has garnered significant in...
Volume: 56Issue: 28Published at Fri, 12 Jul 2013 -
Oman LNG Posts 10% Revenue Growth For 2012
...oducer revealed in its Annual Report, obtained by MEES in advance of its expected official release later this month. Revenue grew to $4.342bn in 2012, up almost 10% on 2011’s $3.963bn. Net income after tax was also up in 2012, growing by some 9.42% to hit $1.95bn. The rise in revenue wa...
Volume: 56Issue: 28Published at Fri, 12 Jul 2013 -
Gulf States Finalize Rescue Package For Egypt
...tar, the key foreign financial backer of the Mursi regime, has been notable by its absence (see table). Regional Aid To Egypt Since 2011 Revolution ($Bn)* Mursi Rule (2012-13) 14.75 Qatar 8 Sa...
Volume: 56Issue: 28Published at Fri, 12 Jul 2013 -
Syria Crisis Drags Down Whole Levant Economy
...e influx of the Syrian refugees, but the balance of trade was in deficit to the tune of 30-40% of GDP, as a result of the Syrian crisis which slowed down transit trade across Syria. With regard to tourism, the number of incoming tourists fell by 24% between 2010 and 2011, by 18% between 2011...
Volume: 56Issue: 28Published at Fri, 12 Jul 2013 -
Iran Slashes Rial’s Official Value In Bid To Unify Exchange Rates
...we include gold reserves,” adding that this “is a gift form the current administration to the next administrations.” IMF figures put Iran’s reserves at $101bn as of the end of 2011 but projected that they had dipped to $89bn by the end of 2012 (see graph). Iran’s Exchange Ra...
Volume: 56Issue: 28Published at Fri, 12 Jul 2013 -
Benchmark Crude Prices
...12 2011 WTI 104.91 100.64 95.92 95.79 94.75 94.17 94.42 94.18 95...
Volume: 56Issue: 28Published at Fri, 12 Jul 2013