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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: 55Issue: 33Published at Mon, 13 Aug 2012 -
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: 55Issue: 33Published at Mon, 13 Aug 2012 -
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: 55Issue: 33Published at Mon, 13 Aug 2012 -
Shell Offers LNG To Bahrain At Near Oil Price Parity
...anned regasification plant and import terminal. NOGA was also expected to take the FID for Sitra refinery at the end of 2011, but this may be delayed to the first quarter of 2012 so it can be taken at the same time as the LNG project’s FID – and those for the industrial projects would follow. Si...
Volume: 54Issue: 33Published at Mon, 15 Aug 2011 -
Kuwait Approves Record Budget For 2011-12
...Middle East Economic Survey VOL. LIV No 33 15-Aug-2011 Kuwait Approves Record Budget For 2011-12 The Kuwaiti parliament on 29 June approved a record budget for fiscal 2011-12 and after reaping successive surpluses the government is well placed to fund its growing expenditure. Ho...
Volume: 54Issue: 33Published at Mon, 15 Aug 2011 -
Oil Producers See Budgets Pressured By Social Unrest, Crude Dip
...pacting crude demand outlook and adding to the concerns. At the beginning of this year, the climb in oil prices allowed many MENA countries to post a budget surplus for 2010 and encouraged them to hike the price forecast they would use in their 2011 budgets (MEES, 17 January). Of the 18 countries su...
Volume: 54Issue: 33Published at Mon, 15 Aug 2011 -
KRG Investors Maneuver Ahead Of Hoped-For Oil Breakthrough
...w wells. The UK-based independent aims to drill three appraisal wells and one exploration well through to early 2011. Sources say Korea’s state-owned KNOC has also discovered gas, but testing has not been completed. And UK independent Sterling Energy tested for gas at its first well, but had to stop dr...
Volume: 53Issue: 33Published at Mon, 16 Aug 2010 -
Egyptian Refinery Takes Top Spot In African Project Financing
...lyethylene, methanol and ammonium nitrate projects (MEES, 1 March). The ammonium nitrate project is expected to secure financing this year, with the other two looking to approach lenders in 2011 or 2012. While they will focus on export markets, the sponsor hopes that they will ultimately provide feedstock for fu...
Volume: 53Issue: 33Published at Mon, 16 Aug 2010 -
Sudan Appoints Abyei Administration Amid Tentative Signs Of Political Progress
...ntrol Risks Group Wolfram Lacher. “But it does represent a positive development, and suggests that cooperation between both sides is improving.” Presidential and parliamentary elections, to be held between January and April of next year, leading to the referendum on southern independence in 2011, ar...
Volume: 51Issue: 33Published at Mon, 18 Aug 2008 -
Greece Emerges As Major Gas Player With Participation In South Stream Pipeline
...ropean market. On 16 April Iraq’s Oil Minister Husain al-Shahristani promised to export at least 5 bcm/y of gas to the European market by 2011, according to a statement issued by Mr Piebalgs’ office. Dr Shahristani did not specify the routing through which exports would reach Europe or the pr...
Volume: 51Issue: 33Published at Mon, 18 Aug 2008 -
Spain Relents On Medgaz But Algeria Seeks Mediation On Gassi Touil
...o-year freeze on the construction of the Arzew plant, instead transporting the gas by pipeline between 2009 and 2011. Cinco Dias says Sonatrach asked the Paris Chamber of Arbitration in July to mediate in the dispute, hoping that it will find a solution acceptable to the various parties wi...
Volume: 50Issue: 33Published at Mon, 13 Aug 2007