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Algeria’s Upstream Challenges In Four Graphs
...emingly written earlier) 2014 report says “the engineering, acquisitions, construction and preparation to have [BMS] operating will be completed in the first half of 2015, and first production is expected around July.” Again, production appears to have not yet begun. Cepsa has since 2011 been owned by Abu Dh...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
New Suez Canal Begins Testing Ahead Of 6 August Grand Opening
...1H14 1H14 2014 2013 2012 2011 Oil Total 8,427 6,934 6,857 22,218 +13...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
Syria: Territorial Disintegration Looms As Conflict Enters New Stage
...r deserters and draft dodgers, apparently to boost numbers in his conscription army. According to the anti-regime British-based Syrian Observatory for Human Rights, there are some 70,000 draft dodgers in government controlled areas alone. Since the beginning of the civil war in March 2011, the Sy...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
Libya Oil: A Write-Off?
...mar al-Qadhafi in October 2011. Despite the political turmoil, BP made several efforts to pursue the development of its business in Libya, which consists entirely of exploration assets. In 2012, the company dusted off its plans and held two major tenders: the first, for contractors to work on its pl...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
Algeria Ducks Decisive Action With Supplementary 2015 Budget
...14 trade surplus of $4.3bn was already the lowest since 1998 and compares to a surplus of over $20bn for 2011 and 2012 (see graph). Forex reserves fell to $159.9bn at end-March 2015, down from $178.9bn at end-December 2014, according to Algerian Customs. In the revised budget, Algeria has lo...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
Iran Oil Sales Slide In June, But Still In The ‘Red’
...eir implementation some two years ago, slashing the country’s main source of revenue. Latest OPEC estimates put the value of Iranian oil exports in 2013 at just $61.9bn, down a huge 39% on $101.5bn in 2012, which itself was well down on $114.8bn in 2011 (MEES, 25 July). Iran and the P5+1 group of wo...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
Algeria Sacks Sonatrach CEO Zerguine
...mpany.” Mr Zerguine took charge of Sonatrach in September 2011, and presided at a turbulent time over the Algerian energy sector. Falling oil and gas output was compounded in January last year by the terrorist attack on the In Amenas gas plant, during which 40 workers lost their lives and production at th...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
Abu Tabul Commissioning To Kick Start Oman Gas Boost
...isting Omani gas pipeline grid at Saih Nihayda. From there, the gas can be sent directly to Sur, the location of Oman’s three gas liquefaction trains. At the signing of the original gas sales agreement in October 2011, OOCEP pledged to invest in excess of $1bn for the first phase development of the fi...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
AES/Mitsui Start Up 240MW Jordan Tri-Fuel Plant
...s a key factor in selecting technology for the second project. Before the Mubarak regime collapsed in 2011, Jordan relied on Egyptian gas for around 70-80% of its power generation fuel. But gas supply then became increasingly unreliable, comprising less than 20% of fuel burned in 2012, according to Ne...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
End Of OPEC’s Revenue Golden Age?
...)* 2013 vs 12 2013 vs 08 2013 vs 03 2008 2009 2010 2011...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
Libya: Anarchy Entrenched As Fighting Continues
...uld be a first step towards strengthening central government in the aftermath of the 2011 revolution that toppled Mu’ammar al-Qadhafi. The despot left behind few state institutions that could be used as the basis for a functioning government; instead power quickly fell to the disparate militia groups th...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
Morocco Bags IMF, EU, Qatari Cash
...s *INDIRECTLY, THROUGH PUBLIC TRANSPORTATION. **REDUCED IN THE CASE OF DIESEL. SOURCE: IMF. €890MN EU Grant The EU will grant Morocco €890mn over 2014-17 “to advance growth in the Moroccan economy” as part of its European Neighborhood and Partnership Instrument. For the previous period of 2011...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
Egypt To Extend Gas Grid With World Bank Help
...in 2011, Tunisia appears to be moving towards more liberal forms of governance and more citizen participation. “Tunisia has embarked on the historic task of reorganizing the way decision making in response to citizen needs and priorities is distributed, putting decentralization at the heart of its ne...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
Iran Official Crude & Products Output, Consumption And Trade Figures To April 2014 (‘000 B/D)
...IRAN Apr-14 Mar-14 Jan-Apr ‘14 vs Jan-Apr ‘13 vs Jan-Apr ‘12 2013 2012 2011 20...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
Japanese Crude Oil & Condensate Imports, Q2 2014 (‘000 B/D)
...12 2011 Middle East 2468.8 2711.2 2821.9 2667.3 81.6 -649.4 -19.6 -198.0 -6....
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
Benchmark Crude Prices ($/B)
...12 2011 WTI 98.17 102.85 101.68 102.36 105.13 103.00 98.56 98.03 94...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
Germany’s RWE Faces Challenging Sale Of North African Assets
...rprisingly Libya’s 2011 civil war set back RWE’s plans: RWE had been exploring the two blocks since 2003 (spending $500m in the process) and development plans were already drawn up pre-revolution. The country’s continued instability will no doubt deter at least some potential purchasers. Exploration in Libya ha...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013 -
Twilight Looms For OPEC’s Golden Age
...ars on the trot! Gas has also emerged as an increasing revenue driver, enabling Qatar in 2011-12 to post OPEC’s strongest earnings gains (see table 1). Table 1: OPEC Members’ Petroleum Exports By Value ($Bn) 2005 20...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013 -
GCC: UAE And Saudi ‘Readiest’ For Renewables
...ssil fuels and subsidized energy prices present “prominent barriers to investment in renewable energy projects,” the organization’s ‘Renewable Energy Readiness Assessment Report: The GCC Countries 2011-12’, published on 22 July says. The UAE gets the highest score of 4.75 out of 7, while Sa...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013 -
Iran To Syria’s Financial Rescue, Again
...en secretive about his country’s finances since the beginning of the uprising in March 2011, announced an Iranian concessionary aid package of around $7bn, consisting of a $3bn credit line to import crude oil and petroleum products, a $3bn concessionary loan and a further $1bn credit line (MEES, 31 Ma...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013