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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 -
New Megabank Targets Gaps In Islamic Banking Sector
...of Istikhlaf, which was also to have been established in 2009. “In 2009 we were hit by the crisis and then 2010 looked a good time to set it up, but then countries like Greece started having problems. Then in 2011 Arab countries had their issues, but now it’s stabilizing,” said Mr Yousif. Is...
Volume: 54Issue: 34Published at Mon, 22 Aug 2011 -
Electricity Price Freeze Hinders Dubai’s Energy Plan
...e amount of carbon dioxide of US citizens. DEWA has said it expects Dubai’s energy demand to rise 6-7% in 2011 over last year. Consultant Sought To get a grip on Dubai’s energy usage Mr Tayir said: “In line with the strategy of Dubai’s Supreme Council of Energy regarding energy demand ma...
Volume: 54Issue: 34Published at Mon, 22 Aug 2011 -
Kurdish Upstream Sector Hots Up
...-Jul-11 4,800 b/d† Bought into Komet block July 11 Aspect Energy Atrush Marathon, ShaMaran 12-Nov-07 discovery 2011. Ar...
Volume: 54Issue: 34Published at Mon, 22 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: 34Published at Mon, 23 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: 34Published at Mon, 23 Aug 2010 -
North Africa Forges Ahead With Refinery Upgrades, Expansions More Elusive
...amant that the project will be completed by the second quarter of 2014. However, he concedes that the global financial crisis, which caused difficulties in securing financing and procuring materials, has delayed the project and driven up the costs. It was originally due on stream in 2011 at an estimated co...
Volume: 52Issue: 34Published at Mon, 24 Aug 2009 -
Putin’s Visit To Ankara Signals Partial Shift In Russian Gas Strategy
...vember 2010. This is the second time that Russia has brought forward South Stream project deadlines. Originally work on the Black Sea routing was not intended to start before late 2011 or early 2012. Now Russia appears to be in a hurry. Ukraine, no matter what the composition of the next government in...
Volume: 52Issue: 34Published at Mon, 24 Aug 2009 -
Iraq’s TSA Contracts Postponed Awaiting Cabinet Approval, KRG Projects Progressing
...lumes of 3.5 bcm/year are expected to flow from 2011, possibly increasing to more than 10 bcm/y. “The Inci Gaz companies plan to make the necessary infrastructure investments to transport and supply the natural gas to the Turkish market and potential foreign consumers,” a statement said. “Now Eu...
Volume: 51Issue: 34Published at Mon, 25 Aug 2008 -
NIORDC Clarifies Iran’s Crude Distillation Capacity Expansion Plan
...UD Distillation Kermanshah Expansion 2009 18 Early stage Distillation Bandar Abbas New Refinery 2011 160 UD...
Volume: 49Issue: 34Published at Mon, 21 Aug 2006