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Egypt Seeks IMF Rescue Package As Pound Collapses
...turn to economic stability and to support strong, sustainable and job-rich growth,” he added. THE IMF: A LAST RESORT? The government has finally decided to knock at the IMF’s door seeking financial support after repeatedly failing to reach an agreement on a suitable package since the January 2011...
Volume: 59Issue: 30Published at Fri, 29 Jul 2016 -
Korea Cuts Buying Of Gulf LNG Despite Price Collapse
...igh on hub and spot prices. SOUTH KOREAN LNG IMPORTS BY COUNTRY OF ORIGIN Volume (mn tons) 2008 2009 2010 2011 2012 2013 20...
Volume: 58Issue: 30Published at Fri, 24 Jul 2015 -
Another Summer Of Discontent For Iraq’s Basra Amid Power Shortages
...s Company with 51% and Japan’s Mitsubishi with 5%. IRAQ GAS PRODUCTION (MN CFD) 2009 2010 2011 2012 2013 2014 Ja...
Volume: 58Issue: 30Published at Fri, 24 Jul 2015 -
In Search Of Iran’s Market Share
...wn Iran’s ‘lost’ market share. Overall, Iran’s crude exports are down by about 1.2mn b/d since 2011 after the US and EU ramped up sanctions in early 2012. SAUDI STRUGGLE The obvious first place to look for Iran’s market share is across the Gulf in Saudi Arabia. The kingdom posted all-time re...
Volume: 58Issue: 30Published at Fri, 24 Jul 2015 -
China Crude Imports Hit Record In 2q15 (‘000 B/D)
...JULY 2011 BUT WAS STILL INCLUDED IN THE ‘SUDAN’ NUMBERS UNTIL JUNE 2013. SOUTH SUDAN 2013 FIGURE IS FOR 2H13. CHINA’S TOP CRUDE SUPPLIER: RUSSIA OVERTAKES ANGOLA AS NUMBER 2 (‘000 B/D)...
Volume: 58Issue: 30Published at Fri, 24 Jul 2015 -
South Korean Crude Oil & Condensate Imports, ‘000 B/D: Saudi Volumes Top 1mn B/D In Q2
...2Q14 2014 2013 2012 2011 2010 MIDDLE EAST 2,103 -480 2,583 2,...
Volume: 58Issue: 30Published at Fri, 24 Jul 2015 -
Libyan Oil Output Edges Up As Fighting Threatens Recovery
...rsa el-Hariga, according to traders. Political Compromise Possible? If the ports remain open, the exports routes can accommodate a revival of oil output. Libya produced 1.6mn b/d prior to the 2011 revolution, and only just fell short of these volumes in 2013 before strikes and blockades in...
Volume: 57Issue: 30Published at Fri, 25 Jul 2014 -
Syria: Output At 17KB/D
...atistics, is down 11,000 b/d on output in the corresponding period last year. Syrian gas production has also shrunk by half to 16.36mn cmd (578mn cfd) in 1H14 from about 30mn cmd (1,059mn cfd) in March 2011, when the upheaval started. Mr ‘Abbas explained that the Syrian authorities had lost to the Ji...
Volume: 57Issue: 30Published at Fri, 25 Jul 2014 -
Falling Oil & Gas Exports Hit Algeria’s Trade Surplus
...s regularly voiced its concern about the rise in imports and the fall in hydrocarbons exports. This has been the trend since 2011, when the trade surplus fell from $26.24bn to $21.49bn in 2012 (down 18.1%) and to $11.07bn in 2013 (down 48.5% from 2012). Algeria’s Trade Statistics ($Bn...
Volume: 57Issue: 30Published at Fri, 25 Jul 2014 -
MENA Leads OPEC Refining Hike As First Mega-Refinery Comes Onstream
...0 B/D) 13 vs 12 13 vs 09 2009 2010 2011 2012 2013 ‘00...
Volume: 57Issue: 30Published at Fri, 25 Jul 2014 -
Iranian Oil Export Revenues Slump 39% In 2013
...IRAN The value of Iran’s petroleum exports fell to $61.9bn in 2013, down a whopping 39% on $101.5bn for 2012. This was already well down on $114.8bn for 2011. Latest data released by OPEC shows, as export volumes slumped in the fact of tightening Western sanctions. Iranian crude oil ex...
Volume: 57Issue: 30Published at Fri, 25 Jul 2014 -
Sudan Economy Continues To Reel From Southern Amputation
...layed by around 16 months, resulting in a further hit to the Sudanese economy. “What we saw was a significant increase in the budget deficit [in this period],” Mr Erasmus says. “The budget balance deteriorated from a surplus of around 0.2% in 2011, to a deficit of 4.5% in 2012. This was financed al...
Volume: 57Issue: 30Published at Fri, 25 Jul 2014 -
IMF Lauds Saudi Economic Performance, But Warns Spending Is Too High
...cade, the government has finally decided to press ahead with the measure as part of a series of gradual liberal reforms.” Saudi Arabia: The IMF’s Latest Economic Numbers (2010–14) 2010 2011 2012 20...
Volume: 57Issue: 30Published at Fri, 25 Jul 2014 -
Saudi Arabia Official Crude & Products Output, Consumption And Trade Figures (‘000 B/D)
...J-M12 2013 2012 2011 2010 2009 Crude Production (Official) 9,705 +45 +48 9660 95...
Volume: 57Issue: 30Published at Fri, 25 Jul 2014 -
Benchmark Crude Prices ($/B)
...12 2011 WTI 102.07 101.68 102.60 105.13 101.90 103.00 98.56 98.03 94...
Volume: 57Issue: 30Published at Fri, 25 Jul 2014 -
230,000 B/D Garraf Joins List of Delayed Iraqi Projects
...late 2011/early 2012, causing a delay of at least two years to the original 2015 phase 1 start-up (MEES, 26 March 2012). Current project manager, CH2M Hill believes it can still make the 5.2mn b/d phase 1 start up by 2017 (MEES, 22 March), but most Iraqi oil investors are skeptical. A high pr...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
Wintershall Set To Explore Shuweihat As IOCs Help Abu Dhabi Boost Gas Production
...eathing tanks. Three workers had previously died from hydrogen sulfide at the Shah oil field on the same site (MEES, 4 April 2011). Unlike Shah – which is isolated in a mostly unpopulated quarter of Abu Dhabi’s desert – Bab is near heavily populated areas such as the Habshan gas processing hub. Sh...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
US Mulls Further Tightening Of Iran Sanctions Screw
...porting oil from Iran. Washington in December 2011 passed legislation cutting off access to the US financial system for foreign financial institutions involved in oil trade with Iran, unless their home countries were given a waiver by committing to reduce oil import volumes from Iran. Each im...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
Bahrain LNG Import Plans
...unch a tender by the end of 2010 (MEES, 15 March 2010). Bahrain ended up rejecting a 2011 offer by Shell to sell gas to Bahrain at or near oil-price parity. Qatar Gas For Bahrain Qatar, meanwhile, discussed the possibility of building a gas pipeline that would supply Bahrain with Qatari ga...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
GCC Polypropylene Boosted By Conversion Push
...bolstering demand for PP in a region which has long been a net exporter. The GCC PP resin market for local conversion was worth $983mn in 2011, says Frost & Sullivan, but is expected to grow to $1.366bn by 2016. “GCC states’ easy access to PP resin, owing to their large oil and gas re...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013