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AFPC Production Unaffected By Pipeline Blast
...is could not be verified. AFPC in the first quarter of 2011 produced 91,611 b/d of oil and 881 b/d of condensate (MEES, 16 May)....
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
Political Comment (18 July 2011)
...Middle East Economic Survey VOL. LIV No 29 18-Jul-2011 Political Comment (18 July 2011) The military standoff in Libya has produced talk of a political solution to the crisis, albeit one that involves the departure of Col Mu'ammar al-Qadhafi. Relations between Syria and the US ha...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
SPR Releases Are Not A Good Pricing Policy Tool
...rengthening in economic recovery in the United States and other regions in the coming future quarters despite the current weakness. The false report on the US job market, which was released on Thursday 6 July 2011 before the official non-farm employment report released on the next day, contributed to the 2....
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
Statement Of The Oil And Energy Committee Of The Council Of Representatives On The Oil And Gas Contracts
...Middle East Economic Survey VOL. LIV No 29 18-Jul-2011 Statement Of The Oil And Energy Committee Of The Council Of Representatives On The Oil And Gas Contracts The Council of Representatives, Baghdad, Iraq, 2 July 2011. Translated by Iraq Energy Institute. The Ministry of Oil ha...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
Global LNG Market Shows Unexpected Resilience As Qatar Restarts Plants
...the first quarter of 2011. The shutdowns and idling carriers also stoked concerns that Qatar might be deliberately holding back supply – some traders thought the carriers may be full, as Qatar stored LNG waiting for winter demand in the northern hemisphere to drive up prices. Others thought Doha ma...
Volume: 53Issue: 29Published at Mon, 19 Jul 2010 -
OPEC Sees End To Fall In Demand For Its Crude
...Middle East Economic Survey VOL. LIII No 29 19-Jul-2010 OPEC Sees End To Fall In Demand For Its Crude In 2011 demand for OPEC crude will rise, albeit modestly, predicts the latest OPEC Mo...
Volume: 53Issue: 29Published at Mon, 19 Jul 2010 -
IEA Forecasts 2011 Global Oil Demand At 87.8Mn B/D
...Middle East Economic Survey VOL. LIII No 29 19-Jul-2010 IEA Forecasts 2011 Global Oil Demand At 87.8Mn B/D The International Energy Agency (IEA) said global oil demand would rise by 1.6% or...
Volume: 53Issue: 29Published at Mon, 19 Jul 2010 -
Kazakhstan Reimposes Oil Export Duty, KMG EP Buys Producing
...venues to amount to $400mn in the second half of 2010 and almost $1.2bn in 2011. Meanwhile, the KMG EP exploration and production subsidiary of state firm KazMunaiGaz (KMG) announced on 13 July that it will buy KMG’s stake in three major producing oil fields for $750mn. A press statement said KMG EP wi...
Volume: 53Issue: 29Published at Mon, 19 Jul 2010 -
Iranian Gasoline Imports Halved In First Quarter, IEA Assesses Impact Of Sanctions
...First Quarter, IEA Assesses Impact Of Sanctions Iranian gasoline imports almost halved during the first quarter of the current Iranian year (21 March 2010 – 20 March 2011) to 507,250 tons of gasoline worth $376mn,ISNA news agency reported on 13 July. In the same period last year Iran imported 1....
Volume: 53Issue: 29Published at Mon, 19 Jul 2010 -
Iranian Government Sells 18 % Of Iran Khodro
...rket. The company plans to increase its production of vehicles in 2011 to 730,000 from 680,000 in 2010. The TSE Tepix Index closed at 15,080 on 14 July, rising sharply from around 12,537 at the beginning of the new Iranian calendar year starting on 21 March. The government plans to privatize a nu...
Volume: 53Issue: 29Published at Mon, 19 Jul 2010 -
Higher Oil Prices And Fiscal Spending Help GCC Recover, Says Emirates NBD
...al GDP in GCC markets grew by 8% in 2008 and then slowed abruptly to 1.8% in 2009. Renewed activity should translate into a 4.8% real GDP increase in 2010, reaching a growth rate of 5.5% in real terms through 2011. Emirates NBD expects growth in the UAE to rise from 2.5% in 2010 to 4.0% in 2011. Real GD...
Volume: 53Issue: 29Published at Mon, 19 Jul 2010 -
Sudan’s Politicians Clash Over Pipeline, Groups Warn Of War If No Oil Deal
...peline, Groups Warn Of War If No Oil Deal Leaders in land-locked South Sudan have clashed with the Sudanese Oil Minister Lual Deng about the viability of a $15bn, 450,000 b/d oil pipeline to Kenya. Without the pipeline, the South – expected to vote for independence from the North in January 2011 – will de...
Volume: 53Issue: 29Published at Mon, 19 Jul 2010 -
EMAL Secures $737Mn Of ECA Funding, Continues To Eye Capital Markets
...uminum smelter complex. It is being built in two phases, with phase one production starting in December 2009, and ramping up to full output of 750,000 tons/year of aluminum in April 2011, and once phase two is finished it will produce 1.5mn t/y. The project will produce primary aluminum with a product mi...
Volume: 53Issue: 29Published at Mon, 19 Jul 2010 -
Saudi Aramco Moves Ahead On Yanbu΄ Downstream Project With ConocoPhillips
...trochemicals and it will also use existing port facilities. Both Yanbu' and Jubail will be full conversion refineries and be configured to run mainly heavy, higher sulfur crude from the 900,000 b/d Manifa increment, due on-stream starting in 2011. EPC Bidding Schedule Prospective bidders for the four ma...
Volume: 51Issue: 29Published at Mon, 21 Jul 2008 -
TAP Pipeline Key For European Alternatives To Russian Gas Supplies
...lmy-Rey participated in the televised signing of a major gas export agreement in Tehran (MEES, 24 March). The preliminary agreement envisages the beginning of Iranian gas exports to Switzerland by late 2009 at a level of 1.5 bcm/year, rising to 2-4 bcm/y in 2010 and 2011 and reaching a maximum rate 5....
Volume: 51Issue: 29Published at Mon, 21 Jul 2008 -
Gassi Touil Contracts Awarded, But Three-Year Delay Hits Algeria’s Gas Export Target
...isting units, Sonatrach said in a statement. The Japanese engineering firm saw off rival bids from Italy’s Saipem, Canada’s SNC-Lavalin, and Swiss firm ABB in partnership with Sonatrach subsidiary Sarpi. This section of the upstream project is due for completion in January 2011. Deferred Gas Export Ta...
Volume: 51Issue: 29Published at Mon, 21 Jul 2008 -
Algeria Scales Back Oil Output Targets Amid Renewed Gas Emphasis
...due for completion in September 2011, around two years later than originally planned. Escalating costs had prevented progress on the Skikda project, with negotiations for the final EPC contract being drawn out over more than two years. As further evidence of the importance Algeria attaches to...
Volume: 50Issue: 29Published at Mon, 16 Jul 2007 -
Oil Market Tightness Will Continue Beyond 2010 Despite High Prices, Says IEA
...l Supply/Demand Outlook 2007-12 (Mn B/D) 2007 2008 2009 2010 2011 2012 Global Demand 86.13 88.27 90.02 91.91 93.84 95.82 Non-OPEC Supply 49.98 50...
Volume: 50Issue: 29Published at Mon, 16 Jul 2007 -
Qatar’s GTL Production Could Top 800,000 B/D In Coming Decade
...,000 2005 100,000 Pearl (Shell) FEED Begun/DPSA Signed 70,000 2009 140,000 ExxonMobil Heads Of Agreement 154,000 2011 15...
Volume: 47Issue: 29Published at Mon, 19 Jul 2004 -
Kazakhstan, China Revive Pipeline Deal
...added by 2011. However, reports in the Chinese official press in recent days indicate that the project may be far larger on the Chinese side. Despite some suggestions, there is virtually no market for imported oil in Xinjiang, which is an oil exporting region with a population of only about 19...
Volume: 47Issue: 29Published at Mon, 19 Jul 2004