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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 -
OPEC’s Dilemma
...OPEC OPEC’s Dilemma Two new dimensions to international oil markets are creating a real dilemma for OPEC and may be sowing the seeds of a major oil price shock. The first is the fall-out from the “Arab Uprisings” that began early in 2011, and the second is the de...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013 -
Benchmark Crude Prices
...13 2012 2011 WTI 107.89 105.95 106.64 104.47 95.79 94.17 94.42 94...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013