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South Sudan Oil Sector Takes Hit With Exxon Exit
...stopped operations at the block in 1985, after the resumption of the former Sudan’s decades-long civil war, which ultimately ended with a 2005 peace deal that paved the way for the South’s secession in 2011. And despite regularly talking up its plans to resume exploration at the block, it is yet to...
Volume: 57Issue: 34Published at Fri, 22 Aug 2014 -
Algeria: Terrorist Threat Low, But IOCs Keep An Eye On Security
...ys Riccardo Fabiani, an analyst at the Eurasia Group. And while the Algerian military were not deemed to be up to the task in 2011, some oil executives are now confident that the security forces have responded well to the shock of In Amenas. “We are conscious of what happened last year, co...
Volume: 57Issue: 34Published at Fri, 22 Aug 2014 -
Oman Oil Names Former Oxy Executive As New CEO
...$8mn from a senior official at Korea’s LG International some years ago, after the Korean firm won a total of $2bn-plus in contracts related to key downstream projects. The case came to light two years after the Omani leader Sultan Qaboos launched an anti-graft campaign in 2011, aimed at de...
Volume: 57Issue: 34Published at Fri, 22 Aug 2014 -
Arab Bank In Court
...nks – like France’s BNP Paribas – have faced US charges for doing business with countries against which the US has sanctions in place. The case may have implications for banks elsewhere in the Middle East. Lebanese banks, for instance, are notoriously secretive. In 2011, US Treasury Department ac...
Volume: 57Issue: 34Published at Fri, 22 Aug 2014 -
Benchmark Crude Prices ($/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