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Jordan: 1H13 Deficit Down
...17.32bn ($24.42bn) by the end of June 2013, 4.2% up on the end of 2012. This total public debt represents 72.2% of estimated GDP in 2013. Gas Crisis Jordan’s budget deficit has widened in the aftermath of the 2011 Egyptian revolution which saw regular disruptions of the flow of cheap gas im...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
The Policy Vacuum Of Iraqi Gas Pricing
...bair. South Oil Company (51%), Shell (44%) Mitsubishi (5%) 25-year service contract awarded by the MoO through 2011 direct negotiation. Under d’ment. Expected 2-3bn cfd plateau for power gen. and F-LNG Block-8 Gas Ex...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
Benchmark Crude Prices
...12 2011 WTI 108.8 105.5 106.92 104.47 95.79 94.17 94.42 94.18 95...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
Qatar Petroleum JV Looking To Export US Shale Gas As LNG
...an to build a 15.6mn tons/year capacity LNG export facility adjacent to its existing Golden Pass LNG receiving terminal. Nick Wilson writes. The Golden Pass receiving terminal was opened in 2011 to import up to 15.6mn t/y of LNG from Qatar. The Golden Pass Products joint venture (QP 70%, Ex...
Volume: 55Issue: 35Published at Mon, 27 Aug 2012 -
Cyprus Seeks Short Term Gas Deal With Israel
...cember 2011, can be developed to supply the island. Cyprus is keen to arrange an interim solution to its urgent natural gas needs as soon as possible. It currently has the highest electricity charges among European Union (EU) member states as it relies entirely upon heavy fuel oil and diesel for power ge...
Volume: 55Issue: 35Published at Mon, 27 Aug 2012 -
Mauritania Looks To Offshore Gas To Fuel Its Energy Future
...kely near term option, with development plans envisaging tying back crude production to the Chinguetti FPSO (the 1.6mn barrels capacity Berge Helene). Chinguetti is 80km offshore in 900ms of water. Tullow in October 2011 received 18-month extensions for the portions of its PSC A and PSC B li...
Volume: 55Issue: 35Published at Mon, 27 Aug 2012 -
CGES Sees Crude Prices Rising As Buyers ‘Prepared To Pay A Premium’
...r prompt oil.” Global crude inventories fell sharply in 2011 and have only been partially rebuilt during the first half of this year, CGES said, adding that market tightness has been “exacerbated by the dislocations caused by the sanctions on Iran.” It said that “delays in getting the ri...
Volume: 55Issue: 35Published at Mon, 27 Aug 2012 -
China’s Crude Oil Imports Rise In July, Iran Supply Down Sharply
...ina Crude Oil Imports 2011-12 2012 2011 Imports Jul Jun May Apr Mar Fe...
Volume: 55Issue: 35Published at Mon, 27 Aug 2012 -
KMG EP Reports Output Down In First Half, Begins Modernization
...SPIAN KMG EP Reports Output Down In First Half, Begins Modernization Kazakhstan’s KazMunaiGas Exploration Production (KMG EP) reported on 14 August that in the first half of 2012 it produced 6.057mn tons of crude oil (248,000 b/d), which is 4% less than in the same period of 2011. The decline was ma...
Volume: 55Issue: 35Published at Mon, 27 Aug 2012 -
Egypt’s Finance Ministry Loans EGPC $600Mn
...ise the total amount of loans extended to EGPC since 2010-11 to $5.75bn, in addition to financial guarantees from the ministry to the oil sector in 2011-12. EGPC is also said to be seeking to borrow from Arab lending organizations $600mn to ease the liquidity crisis from which the corporation is cu...
Volume: 55Issue: 35Published at Mon, 27 Aug 2012 -
Iraq Denies It Is Helping Iran Avoid International Sanctions
...ayer in Iraq and the government of Prime Minister Nuri al-Maliki, especially after the withdrawal of the US army from Iraq in December 2011. Tehran is one on Iraq’s main trading partners and has plans to boost the volume of bilateral trade between the two countries from the current estimate of $11...
Volume: 55Issue: 35Published at Mon, 27 Aug 2012 -
Iran Plans 1.5GW Hydropower Capacity Addition This Year
...zazadeh said that the 1.5gw of capacity due on-line this year comprises six new units: two at the Gotvand Dam hydropower plant and four at the Siah Bisheh plant. Iran’s total power generation capacity is estimated at 53gw (MEES, 23 May 2011). ...
Volume: 55Issue: 35Published at Mon, 27 Aug 2012 -
Russia Consolidates Its Position In Iraq Upstream Petroleum
...rmed a new consortium with KMG in October 2010, leading to winning 'Akkaz gas field with a remuneration fee of $5.50/boe. And after the withdrawal of KMG due to the delay in concluding the contract, Kogas took full control of the deal on its own in June 2011. So, for the PetroVietnam/Premier Oi...
Volume: 55Issue: 35Published at Mon, 27 Aug 2012 -
Rebels Sweep To Power As New Era Dawns For Libya
...mpaign, more needs to be done to stimulate exploration interest. Foreign Oil Investors In Libya On Eve Of 2011 Civil War Company Basin Field/Area Blocks Partners /stake Start date Estimated Crude Production Ca...
Volume: 54Issue: 35Published at Mon, 29 Aug 2011 -
EU Sanctions On Syrian Petroleum Sector More Painful Than Those Of The US
...rt some European companies with production sharing interests in Syria. Syrian oil production in the first half of 2011 averaged 387,250 b/d according to official statistics (MEES, 8 August). Of this about 154,000 b/d were exported in the first half of 2011, mainly to European countries (Germany, Fr...
Volume: 54Issue: 35Published at Mon, 29 Aug 2011 -
CGES Warns That High Oil Prices Are Damaging The Global Economy
...ted that crude oil prices have more than doubled since the beginning of 2009, “at a time when economies have been struggling out of recession. They have now returned to levels that pose a real threat to economic recovery.” “With the OPEC Basket price expected to average $106/B in 2011, crude oil co...
Volume: 54Issue: 35Published at Mon, 29 Aug 2011 -
China’s Crude Oil Imports Steady During July
...ported for June. Year-on-year, July 2011 imports are 2.3% above July 2010 imports of 19mn tons. During the first seven months of 2011, China has imported at total of 145.28mn tons, an average of 5.00mn b/d. Total imports during 2010 amounted to 239.31mn tons (4.79mn b/d). China Crude Oil Imports 20...
Volume: 54Issue: 35Published at Mon, 29 Aug 2011 -
Crude Oil Formulas/Posted Prices
...Middle East Economic Survey VOL. LIV No 35 29-Aug-2011 Crude Oil Formulas/Posted Prices ($/B) Algeria (Dated Brent + / - Adjustment Factor; $/B) 2011 2010 Sep Aug Jul Ju...
Volume: 54Issue: 35Published at Mon, 29 Aug 2011 -
KMG EP Acquires Four Exploration Licenses In Kazakhstan
...the incurred expenses of the national company KMG on financing the Teresken block work program prior to the closing date of the transaction in 2011.” The statement said the four exploration licenses cover the Temir, Teresken and Karaton-Sarkamys blocks and the territory adjacent to the Uzen an...
Volume: 54Issue: 35Published at Mon, 29 Aug 2011 -
Political Unrest Affecting Egypt’s Economic Growth, Says NBK
...Middle East Economic Survey VOL. LIV No 35 29-Aug-2011 EGYPT Political Unrest Affecting Egypt’s Economic Growth, Says NBK Egypt’s real economic growth is expected to have slowed noticeably in the first half of 2011 and unemployment to have risen thanks to the recent unrest an...
Volume: 54Issue: 35Published at Mon, 29 Aug 2011