- Sort by:
- Score
- Published ▼
-
Arab Bank In Court
...nks – like France’s BNP Paribas – have faced US charges for doing business with countries against which the US has sanctions in place. The case may have implications for banks elsewhere in the Middle East. Lebanese banks, for instance, are notoriously secretive. In 2011, US Treasury Department ac...
Volume: 57Issue: 34Published at Fri, 22 Aug 2014 -
Benchmark Crude Prices ($/B)
...12 2011 WTI 93.96 97.19 97.52 102.36 105.13 103.00 98.56 98.03 94...
Volume: 57Issue: 34Published at Fri, 22 Aug 2014 -
Saudi Arabia Stems Domestic Oil Demand Growth
...amco said in its annual review for 2012 that it provided 3.924 tcf of raw gas to gas plants, an increase of 8.3% over 2011 and the single largest rise in its history, as the kingdom’s first non-associated Karan gas field entered into production. More significant for gas will be the start-up...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Qatar Faces Challenging, Rapidly Changing, LNG Market
...ves away from oil-price indexing. Japan’s nuclear crisis took another turn on Tuesday when utility firm TEPCO, which operates the Fukushima nuclear plant, admitted that a storage tank was leaking radioactive water, contaminated when an earthquake and tsunami damaged the plant in early 2011. Ja...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
DNO Gets Q2 Tawke Tonic
...nnows such as the UAE’s New Age, to large independents like Marathon, Hess and Maersk to majors of the ilk of ExxonMobil, Chevron and Total. Despite the Q2 uptick, KRG and Baghdad’s oil dispute continues to keep production shut in at Tawke and other KRG oil investors. Not since early 2011, and th...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
SEC Head Resigns, Replacement To Come From Aramco
...ES, 9 August). He told a conference in 2011 that Aramco was looking to achieve generating efficiency as high as 75% (MEES, 23 May 2011), which compares with 61% for the most efficient CCGT technology today....
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Bahrain GDP To Hit 5.6%
...BAHRAIN Bahrain GDP To Hit 5.6% Bahrain’s real GDP growth is projected to rise to 5.6% in 2013 from 3.4% in 2012 and 1.9% in 2011, according to the the Bahrain Economic Development Board in its 2013 Year Book released this week. The 2013 GDP increase will be la...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Arabs To Offset Loss Of Western Aid To Egypt
...timated, by economics professor Fakhri al-Fiqqi, that Egypt has received a total of $26bn in aid since the revolution of 25 January 2011 - $14bn before 30 June 2013; and $12bn after. Around 900 people are said to have died after Egyptian security sources on 14 August assaulted the supporters of de...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Assessment Of Iraq’s Nasiriya Integrated Project Contract
...eferred then but the negotiations broke down. Accordingly, it was announced that the field will be developed through national efforts. However, in January 2011 the MoO formally announced plans to invite IOCs to develop the Nasiriya oilfield together with a refinery of 300,000 b/d in a bid round la...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Benchmark Crude Prices ($/B)
...12 2011 WTI 105.03 106.92 105.12 104.47 95.79 94.17 94.42 94.18 95...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Libyan Upstream Activity Picks Up
...latively minor work but collectively they signal that widescale maintenance is now underway. Other tenders are for exploration (see Table 2). AGOCO has been busiest of all. Although most of Libya’s oil infrastructure escaped 2011’s fighting unscathed, AGOCO’s key Sarir and Mesla fields on Block NC-65 (Area 12...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012 -
Oil Roils Kurdish Politics
...gitimate authority in Iraq.’ Ankara gets to have its cake and eat it. And the Kurds, as usual, get left with nothing.” There is little doubt the recent years of KDP rule have brought substantial economic benefit, but there are rising concerns over corruption (MEES, 21 November 2011). In the wake of...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012 -
US Continues Iran Clamp-Down, As Standard Chartered Pays Penalty
...isse; $88.3mn by JP Morgan Chase (Iranian as well as Cuban violations) in August 2011; and $350mn by Lloyd’s. Also, $176mn from Barclays in August 2010. OFAC said on 14 June that National Bank of Abu Dhabi agreed to remit $855,000 to settle potential civil liability for 45 transactions that appear to ha...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012 -
Suez Crude Shipments Soar But Other Traffic Down
...aders over export prices (MEES, 16 July). Figures 1 And 2: Suez Canal Crude And Petroleum Shipments, January 2011 – July 2012 Fuel Oil To Japan If oil product flows are also factored in, then southbound petroleum volumes topped those in the other direction for se...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012 -
IEA Sees Oil Demand Growth Below 1Mn B/D For 2012, 2013
...EC crude oil supply grew by 200,000 b/d during July from June and by 500,000 b/d compared to July 2011. Non-OPEC supplies are expected to grow by 400,000 b/d in 2012 and by 700,000 b/d in 2013, unchanged from previous assessment. Total OECD industry stocks fell counter-seasonally by 5.5mn ba...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012 -
Crude Oil Formulas/Posted Prices ($/B)
...L PRICES/OPEC Crude Oil Formulas/Posted Prices ($/B) Abu Dhabi ($/B) 2012 2011 Jul Jun May Ap...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012 -
Cyprus Tenders To Import Natural Gas For Domestic Power
...interest to supply gas. The move will be an interim solution until the gas resource discovered in the offshore Block 12 can be brought to shore via an underwater pipeline. US firm Noble Energy discovered 5-8 trillion cu ft of natural gas in the Aphrodite field in December 2011 and is currently in ta...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012 -
Baghdad Looks To Expand Kirkuk Field
...ES, 19 September 2011). Northern Iraq also hosts three of the field development projects awarded to foreign oil companies. There are three drilling rigs now active at the 170,000 b/d Gazprom-led Badra project. And Iraq remains optimistic that first phase production of 40,000 b/d by 2013 can be...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012 -
Arab Bank Chairman Quits After Long Running Power Struggle With CEO
...riri. He personally owns shares in Arab Bank and as of 31 December 2011, Hariri family-controlled companies Saudi Oger and Oger Middle East Holdings held 9.6% and 7.1% respectively. Over the last several years the Shoman family had sold stakes in the bank to both the Hariri family and Jordan’s Social Se...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012 -
Jordan’s Energy Ministry Shortlists Companies For AOT Project
...nsumption of crude at about 6mn tons (120,000 b/d) in 2011, of which 2.5mn barrels/month (82,000 b/d) are imported from Saudi Arabia at international prices, and 10,000 b/d is supplied from Iraq at preferential prices (reported to be at a discount of $18/B off the international price). Supplies of Iraqi cr...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012