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Libyan Oil Output In Freefall As Chaos Spreads
...the Sharara and Elephant oil fields and choking off oil exports. National Oil Corporation (NOC) Chairman Nuri Berruien tells MEES that oil output for the first four weeks of August averaged just 630,000 b/d, the lowest since November 2011 – the immediate aftermath of the capture of Sirte an...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
Iraq Shake-Up: CNPC Enters West Qurna-1; Shell Slammed Over Majnoon
...nce 2011, when it was given an ultimatum to choose between its upstream deals with the semi-autonomous Kurdistan Regional Government (KRG) investment in federal Iraq. The deal with CNPC suggests that Baghdad has relented and is willing to allow ExxonMobil to carry on at West Qurna-1, rather than ri...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
Iran Gas Supply Deal Back On For Gas-Hungry Oman
...rrently imports around 2bcm of natural gas from Qatar per year via the Dolphin pipeline; with no prospect of more given Qatar’s reluctant to end its current moratorium on further gas field development. Breakdown Over Price Iran and Oman came very close to reaching a gas agreement in 2011, ME...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
Cyprus Completes Vasilikos Rebuild After 2011 Blast
...CYPRUS Cyprus Completes Vasilikos Rebuild After 2011 Blast The Electricity Authority of Cyprus (EAC) has completed repairs to the Vasilikos power station two years after it was badly damaged by a blast at an adjacent military site. An explosion of munitions stored at the Ma...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
Japan Ups Imports Of Iranian Crude Ahead of US Waiver Review
...nths to appease the US, and better its chances next month of gaining a further extension of a previous waiver granted to it by Washington earlier this year. Washington in December 2011 passed a law cutting off access to the US financial system for foreign financial institutions involved in oi...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
MEES Profile: Qatar’s Overseas Investment Strategy
...vestment In parallel with, but apart from, QP’s overseas purchases, QIA had been buying energy assets, starting in 2011 – with stakes in European utility firms Energias de Portugal and Spanish electricity supplier Iberdrola. In 2012, it bought 3% stakes in Total and Shell and remains in talks to boost its Sh...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
Iran’s New CBI Governor Starts With Tackling Inflation
...th the Mehr Housing Project, started by former president Ahmadinejad. According to Economic Trends of the CBI, liquidity in the Iranian year 1390 (March 2011-March 2012) grew by 19.4% and in the first quarter of 1391 (March-June 2012) by 5.5%. Mr Tayyib Nia also noted that bu...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
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