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Oman Eyes $110Bn Upstream Investment
...d will gradually ramp up to 40,000 b/d. Harweel, which came on stream in the second quarter of this year, is producing 25,000 b/d and ramping up. At more than 70,000 b/d, Marmul achieved in 2011 its highest production in its 30-year history. While these projects suffered start-up delays, PDO was ab...
Volume: 55Issue: 36Published at Mon, 03 Sep 2012 -
Saudi Aramco ‘Restores’ Order After Virus. RasGas Also Hit
...itical production and exploration systems as “isolated networks”. Nevertheless, 30,000 impacted workstations (Saudi Aramco’s 2011 Annual Report gives a total staffing of 56,066) is no minor issue for a company whose operational integrity is so central to both Saudi Arabia’s and the global economy’s we...
Volume: 55Issue: 36Published at Mon, 03 Sep 2012 -
Iraqi Output Set For Fresh Records But Challenges Pile Up
...479 0.413 1.892 3.390 0.963 4.353 52.238 75.63 2011 Avg 1.711 0.455 2....
Volume: 55Issue: 36Published at Mon, 03 Sep 2012 -
LNG Market Over-Reacts To Qatari Plant Closures
...op in European demand. Mr Bros says: “There is loads of Russian gas – each month in 2011 it exported more to Europe than in the same month last year.” Gas demand is down in Europe – in the first seven months it was down 9% on the year before. “I think it will be down 6% this year by year-end co...
Volume: 54Issue: 36Published at Mon, 05 Sep 2011 -
UAE Central Bank Targets Cheaper Interbank Lending
...both national and foreign banks and are subject to review at the beginning of 2011. In October last year, the Ministry of Finance had stipulated Tier one capital ratio of 11% by end June 2009 and 12% by end June 2010. Fitch Ratings said that the clarification by the central bank appears to ha...
Volume: 52Issue: 36Published at Mon, 07 Sep 2009 -
APICORP Lifts MENA Five-Year Energy Investment Call By 52% To $395Bn
...ergy investment requirements in the Middle East and North Africa (MENA) region for the next five years to 2011, published on 1 September, APICORP has lifted its forecast by 52% to $395bn, reflecting a mix of soaring project costs and expanded scope for projects on the drawing board and already un...
Volume: 49Issue: 36Published at Mon, 04 Sep 2006