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KRG/Baghdad Oil Dispute At Crisis Point
...uld make it or break it. Rafiq Latta reports. Baghdad’s ban on investments in the Kurdish upstream managed to deter majors from investing until ExxonMobil defied the federal Ministry of Oil to take six KRG blocks last October (MEES, 21 November 2011). At that time the Kurds and their su...
Volume: 55Issue: 32Published at Mon, 06 Aug 2012 -
Egypt Unveils Its 2012-13 Budget Amid Political And Economic Uncertainties
...d a half after the overthrow of the Husni Mubarak regime in January 2011. Egypt has suffered perennially from a number of structural economic problems which are unlikely to be resolved in the short or medium term by the new political system in the country. President Muhammad Mursi, the first de...
Volume: 55Issue: 32Published at Mon, 06 Aug 2012 -
Algerian Gas Set For Boost From 3.7 BCM/Y Petroceltic Development
...velopment strategy” and that a second farm-out “has the potential to remove funding uncertainty from the project’s development.” It adds that with 2011’s six-well appraisal drilling program having almost doubled mid ‘gas in place’ estimates to over 10 tcf since the Enel deal was struck, a second sale is li...
Volume: 55Issue: 32Published at Mon, 06 Aug 2012 -
Kuwait Ministry Probe Into Shell Deal Secures Passage Of Record Budget
...scal year 2011-12, which started last April, was passed at the end of June. It includes an increase of 19% in spending from last year. Oil revenue for 2011-12 is set at KD12.31bn ($44.93bn) up from KD8.62bn ($31.57bn) in 2010-11. Its passage triggered demands by some members of parliament to look in...
Volume: 54Issue: 32Published at Mon, 08 Aug 2011 -
FDI Flows Drop Despite Economic Recovery, Says UNCTAD
...ile global industrial output and world trade are already back to their pre-crisis levels, according to the United Nations Conference on Trade and Development (UNCTAD). In its World Investment Report 2011, UNCTAD estimates that global FDI will recover to its pre-crisis level in 2011, increasing to $1....
Volume: 54Issue: 32Published at Mon, 08 Aug 2011 -
MENA LNG Production Limited By Rising Local Demand And Ageing Facilities
...mpletion until 2011 and 2012 respectively (MEES, 4 August). LNG Plants Competing For Gas A relative newcomer to the LNG industry, Egypt made a dramatic entrance with the commissioning in 2005 of two 3.6mn t/y trains at Idku and one 5mn t/y train at Damietta. The Egyptian LNG (ELNG) trains at Idku, jo...
Volume: 51Issue: 32Published at Mon, 11 Aug 2008