- Sort by:
- Score
- Published ▼
-
Egypt Receivables Hit Record $7.5bn
...EGYPT Egypt’s new authorities have talked a good game on creating an investor-friendly climate by reducing the monies owed to IOCs active in the country. But the numbers tell a different story. Receivables have soared by $1.4bn over the first six months of 2014 to hit $7.5bn, MEES an...
Volume: 57Issue: 32Published at Fri, 08 Aug 2014 -
Oman Retenders Five Exploration Blocks
...ur years earlier. Oman is aiming to boost liquids output to above 950,000 b/d for 2014, and hold production steady at around this level for at least four years (MEES, 7 March). Gas production is slated to reach just shy of 4bn cfd by end-2014, as several gas projects come online over the next six to...
Volume: 57Issue: 32Published at Fri, 08 Aug 2014 -
New Drilling Record For Saudi Arabia, Kuwait, Middle-East & Opec
...REGIONAL MENA Active Drilling Rigs, July 2014* July Br...
Volume: 57Issue: 32Published at Fri, 08 Aug 2014 -
Suez Canal No2 Planned
...r both 2012 and 2013 and $2.63bn for the first six months of 2014 (MEES, 25 July), around 8% of total government revenue. Egypt hopes that the expansion plans will dramatically increase revenues: by 2023 the expanded route could bring in around $13.5bn, a Suez Canal authority official tells Re...
Volume: 57Issue: 32Published at Fri, 08 Aug 2014 -
Iran Lays Giant Condensate Export ‘Refinery’ Bait For Foreign Investors
...ported 95mn liters (almost 20,000 b/d) of Euro-4 gasoline in July. Latest figures from JODI show that Iran’s total gasoline imports averaged just over 20,000 b/d for the year to April 2014, with a peak of 48,000 b/d of imports in February this year (see chart). Iran Gasoline Supply (‘000b/D) Ir...
Volume: 57Issue: 32Published at Fri, 08 Aug 2014 -
Dubai To Spend $15Bn On 20% Capacity Hike By 2021
...UAE Dubai Electricity and Water Authority (DEWA) chief executive Sa’id al-Tayir says DEWA’s capital budget for 2014-18 is Dh55.216bn ($15.03bn). DEWA plans to add three power plants totaling 1.9GW over the next five years raising DEWA’s total capacity by almost 20% to 11.56GW by the end of...
Volume: 57Issue: 32Published at Fri, 08 Aug 2014 -
Iraq: Exports Hold Up As ISIS Advances On Oilfields
...ound Mosul in mid-March. Northern exports averaged just 85,000 b/d for the first half of 2014, a mere 30% of year-ago levels (see table). Iraq’s key southern fields appear under little immediate threat from IS advances, but the jihadists have in the past week had several clashed with KRG fighters. IS ha...
Volume: 57Issue: 32Published at Fri, 08 Aug 2014 -
Confusion Reigns As Iran Denies Russia Oil Deal Reports
...ssian state companies Gazprom and Zarubezhneft have also been keeping a close eye on proceedings, with the latter having a significant presence at Iran’s 2014 Oil and Gas Show in Tehran in May. Zarubezhneft became the first Russian oil company to be awarded a permit to operate in Iran in September last ye...
Volume: 56Issue: 32Published at Fri, 08 Aug 2014 -
IMF: Politics Threatens Lebanon’s Economy
...clude 272MW of diesel-fired capacity installed by Denmark’s BWSC at Zouk and Jiyyah power plants for 2014 start-up (MEES, 19 July 2013), plus a second power barge of 95MW capacity from Turkey’s Karkey Karadeniz (MEES, 12 April 2013). Supplies typically cover only 18 hours per day, with frequent bl...
Volume: 57Issue: 32Published at Fri, 08 Aug 2014 -
Benchmark Crude Prices ($/B)
...OIL PRICES 07 Aug 28 Jul - 1 Aug 21-25 Jul Jul-14 Jun-14 Q2 2014 Q1 2014 20...
Volume: 55Issue: 32Published at Fri, 08 Aug 2014 -
KRG Drilling Surges As Turkey Partners With ExxonMobil
...mestic sales. On the oil front, Genel was on course to boost Taq Taq capacity from around 140,000 b/d to 200,000 b/d by end 2014. Extended well tests at Miran and Bina Bawi of 3,000 b/d and 1,000 b/d respectively should lead to larger oil developments of 50,000 b/d each by end-2015. KRG oil ex...
Volume: 56Issue: 32Published at Fri, 09 Aug 2013 -
Golar LNG To Supply FSRU Units To Jordan, Kuwait
...th Excelerate Energy, set to expire this year. Golar will send its 170,000 cubic meter Golar Igloo to Mina al-Ahmadi port and hydrocarbons hub in 4Q13 with operations to begin in March 2014. Kuwaiti state firm KNPC will use the FSRU to import LNG nine months per year but will allow Golar a three mo...
Volume: 56Issue: 32Published at Fri, 09 Aug 2013 -
Algerian Gas Set For Boost From 3.7 BCM/Y Petroceltic Development
...gineering and design (FEED) is slated for 2013 with construction set to begin in 2014. Second Farm-Out Planned Petroceltic plans to sell a further stake in the project in order to fund its share of $1.5bn expected capital expenditure to first gas, a massive amount for a company whose market ca...
Volume: 55Issue: 32Published at Mon, 06 Aug 2012 -
Kuwaiti Tanker Fleet Set For Nine-Vessel Expansion In 2014-15
...WAIT Kuwaiti Tanker Fleet Set For Nine-Vessel Expansion In 2014-15 State-owned Kuwait Oil Tanker Company (KOTC) is expecting the delivery of nine new tankers from South Korean firms by mid-2015 as part of a $1.75bn fleet expansion announced earlier this year, the company’s newly appointed ch...
Volume: 55Issue: 32Published at Mon, 06 Aug 2012 -
Noble To Drill On Block 12 In October, Says Cyprus Energy Head
...prus A to the island via a 180km pipeline for domestic use by 2014....
Volume: 54Issue: 32Published at Mon, 08 Aug 2011 -
IFC Approves $250Mn Investment Package For OCI
...s support for the region, investing up to $6bn by 2014, including $2bn in mobilization....
Volume: 54Issue: 32Published at Mon, 08 Aug 2011 -
S&P Revises Tunisia Outlook To Negative, Sees Downside Risks Persisting
...eadily returning to a trend growth of approximately 5% by 2014. Tunisia’s current account deficit will worsen to “more than 6% of GDP this year,” largely on account of the recent plunge in tourism revenues. Both tourism and FDI are expected to improve gradually however, as confidence returns, re...
Volume: 54Issue: 32Published at Mon, 08 Aug 2011 -
Abu Dhabi’s Gas Crunch Worsens
...Middle East Economic Survey VOL. LIII No 32 9-Aug-2010 MEES Agenda Abu Dhabi’s Gas Crunch Worsens Abu Dhabi’s gas crisis will worsen until 2014, and continue until 2017 unless it finds an alternative to domestic gas, due to delays in major development projects. It already faces a 2b...
Volume: 53Issue: 32Published at Mon, 09 Aug 2010 -
Dragon Oil Output Averages 46,420 B/D In 1H 2010
...10, the CPC transported 20.105mn tons of Kazakh and Russian crude, compared with 20.122mn tons for the same period last year. During 2009, the CPC shipped a total of 34.574mn tons, compared to 31.47mn tons in 2008. The capacity of the pipeline is to be expanded to 67mn tons (1.34mn b/d) by 2014, wi...
Volume: 53Issue: 32Published at Mon, 09 Aug 2010 -
ERC Signs $2.6Bn Financing Agreement For Musturud Refinery
...n t/y of diesel. Products will supply the domestic market, especially Cairo, where the project will be located. The engineering procurement and construction (EPC) contractors are Japan’s Mitsui and Korea’s GS Engineering. Completion is planned for 2014....
Volume: 53Issue: 32Published at Mon, 09 Aug 2010