1. Jordan Advances Solar Plans In Restive Southern Deserts

    ...the wake of 2011 regional unrest – is in talks to finance several smaller PV plants in the Ma’an area through loan packages. The three projects, totaling 40 MW, are being developed by Norway’s Scatec Solar and the European Jordanian Renewable Energy Projects company.  The EBRD says that it may pr...

    Volume: 57
    Issue: 33
    Published at Fri, 15 Aug 2014
  2. Pressure Eases As Yemen Secures Long-Awaited Loan

    ...y oil and gas infrastructure has been regularly targeted by Islamic militants and tribesmen alike, since the start of anti-government protests in 2011. The protests, and the eventual ouster of President Salih the following year, left a power vacuum in the state that militants have since been looking to...

    Volume: 57
    Issue: 33
    Published at Fri, 15 Aug 2014
  3. Saudi Set For $28bn 2014 Surplus

    ...13   2012   2011 2010 2009     Actual* vs13% Bud. Actual Bu...

    Volume: 57
    Issue: 33
    Published at Fri, 15 Aug 2014
  4. Jordan: $1bn Eurobond

    ...F-backed economic reforms which are aimed at reducing state subsidies. Until 2011 Jordan received cheap Egyptian gas; but Egypt no longer has enough gas for export. Meanwhile fighting between ISIS Jihadists (now IS) and Baghdad in Iraq’s Anbar province bordering Jordan put an end to the import of...

    Volume: 57
    Issue: 33
    Published at Fri, 15 Aug 2014
  5. Benchmark Crude Prices ($/B)

    ...13 2012 2011 WTI 95.58 97.52 99.79 102.36 105.13 103.00 98.56 98...

    Volume: 57
    Issue: 33
    Published at Fri, 15 Aug 2014
  6. Competition Heats Up Over 2.8Mn B/D West Qurna-1

    ...2011. Baghdad then warned the US firm had to choose between its investment in federal Iraq and the KRG. Exxon’s KRG investment exacerbated already tense Iraqi political relations, catalyzing Washington to engage closer with Iraqi energy matters (MEES, 1 March).   However, as yet Baghdad ha...

    Volume: 56
    Issue: 33
    Published at Fri, 16 Aug 2013
  7. Former Algerian Minister Latest Casualty In Widening Oil Corruption Scandal

    ...nventional oil and gas fields after yet another dismal international auction in 2011, when only two of 10 blocks were awarded, one of which to Sonatrach.   But Mr Yousfi, who took over in the midst of the Sonatrach scandal, has had to cope with the fallout that ensued, including senior staff changes wi...

    Volume: 56
    Issue: 33
    Published at Fri, 16 Aug 2013
  8. OPEC Transportation By Numbers

    ...mbers and Dead Weight (dwt ‘000 t)   2008   2009   2010   2011   20...

    Volume: 56
    Issue: 33
    Published at Fri, 16 Aug 2013
  9. Qatar Nears Full GTL Output, Eyes Competitors’ Projects

    ...ntribution” to growth. The plant sold its first product shipment in June 2011.   South Africa’s petrochemical producer Sasol has also boosted output and plans a further increase at its 32,400 b/d Oryx project, Qatar’s other GTL plant – QP (51%) and Sasol (49%). It may have finally reached full stable ou...

    Volume: 56
    Issue: 33
    Published at Fri, 16 Aug 2013
  10. OPEC’s MENA Refiners Holding Steady Ahead Of Capacity Surge

    ...fects of frequent disruptions through workers’ protests and militia operations. Meanwhile, Algeria’s recent data has been impacted by major upgrades at Skikda refinery (MEES, 19 July).OPEC said that total refining capacity of member countries fell by 1.4% in 2012 compared with 2011. The organization he...

    Volume: 56
    Issue: 33
    Published at Fri, 16 Aug 2013
  11. Morocco Awards 2 Power Projects, Lines Up Solar Bidders

    ...gher than on the same day last year; and 5.7% above than last year’s peak demand recorded on 17 July 2012.   Morocco Electricity 2011 (Gwh) Sales 25,634.00 Net demand 28,751.90 Pr...

    Volume: 56
    Issue: 33
    Published at Fri, 16 Aug 2013
  12. OPEC sees Tight Markets As Libyan Volumes Slump, Iraq Disappoints

    ...st month while the US light sweet crude oil benchmark soared, ending July over 9% higher, the largest month-on-month percentage gain since November 2011. OPEC’s Reference Basket (ORB) in July jumped to $104.45/B, up by $3.42/B over June, the highest month-on-month gain since February, the MOMR sa...

    Volume: 56
    Issue: 33
    Published at Fri, 16 Aug 2013
  13. Deconstructing The Syrian Banking System

    ...nk of Syria website.** Downloaded from UK Government website, updated to 5 June 2013*** In 2011, Banque Saudi Fransi announced its intention to sell its stake but at the end of 2012, no sale had taken place. Banque Saudi Fransi is 31% owned by Credit Agricole.   Syrian Banks’ Exposure To Key Fo...

    Volume: 56
    Issue: 33
    Published at Fri, 16 Aug 2013
  14. Benchmark Crude Prices

    ...12 2011 WTI 107.33 105.12 105.5 104.47 95.79 94.17 94.42 94.18 95...

    Volume: 56
    Issue: 33
    Published at Fri, 16 Aug 2013
  15. Iranian Output Buckles Under Sanctions Strain, But Iraq Takes Up Slack

    ...thballed fields.   OPEC Crude Oil Production July 2011 – July 2012 (MEES Estimates – ‘000 B/D)      2012 2011   Jul Jun May Ap...

    Volume: 55
    Issue: 33
    Published at Mon, 13 Aug 2012
  16. Egypt’s New Petroleum Minister Looks To Foreign Firms To Solve Gas Shortage

    ...e two preceding months. Reserves have collapsed from $36bn at the start of 2011.   Strategic Reserve Egypt also plans to create a strategic petroleum reserve that will cover 7-10 days of national petroleum products demand, with the country’s cabinet set to meet to discuss this over the co...

    Volume: 55
    Issue: 33
    Published at Mon, 13 Aug 2012
  17. Challenges Remain For Sudans Despite North-South Oil Deal

    ...ve been producing closer to 300,000 b/d at the turn of the year.   South Sudan’s Unity And Upper Nile States     Source: MEES.   The division of oil revenues was one of the key issues left unresolved when the South broke away from Sudan in July 2011, taking with it ar...

    Volume: 55
    Issue: 33
    Published at Mon, 13 Aug 2012
  18. EIA Raises Global Demand Growth Outlook On Expectations Of Economic Stimulus

    ...2012  from 3.6mn b/d at the end  of 2011, and  by a further 200,000 b/d in 2013. Iran’s threat to block oil transit through the Strait of Hormuz is a risk to global oil supply, says EIA, but both Saudi Arabia and UAE have responded by increasing their oil pipeline capacity to circumvent Hormuz. “EI...

    Volume: 55
    Issue: 33
    Published at Mon, 13 Aug 2012
  19. Saudi Crude Prices Raised For Europe, Heavier Grades Reduced For US And Asia

    ...ys after B/L for NW Europe, and B/L date to the Far East – are as follows ($/B):     US (Price Reference ASCI)     2012 2011   Se...

    Volume: 55
    Issue: 33
    Published at Mon, 13 Aug 2012
  20. Praise For Egyptian Joint Ventures’ Performance

    ...the Gulf of Suez, whilst Agiba produces mostly from the Western Desert (MEES, 28 May)   These six joint ventures produced a total of 489,000 b/d for the 2011-12 financial year (July 2011 to June 2012), accounting for over 70% of Egypt’s oil production and over 50% of gas output (see ta...

    Volume: 55
    Issue: 33
    Published at Mon, 13 Aug 2012