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Aramco Eyes Houston Refining Hub As Motiva Break-Up Advances
...mpany is in advanced negotiations with Chinese state firm CNPC for joint construction of a refinery in China’s southwestern Yunnan province. “We hope to reach an agreement this year,” he said. CNPC and Aramco signed an MoU in March 2011 to jointly build the first refinery in the province, which wo...
Volume: 59Issue: 36Published at Fri, 09 Sep 2016 -
Libya Faces Further Output Fall, Degraded Capacity With Chronic Under-Investment
...oduction potential of many of these fields has dropped substantially, particularly in the short term. Prior to 2011, the Sarir field had capacity of between 200,000-220,000 b/d, and the Mesla field about 100,000 b/d. Mr Sanalla acknowledged in the NOC statement that “we have a very long to-do list once st...
Volume: 59Issue: 36Published at Fri, 09 Sep 2016 -
IMF To Assist Egypt In Raising Bilateral Aid
...e first seven months of 2016, down 2% from the same period of 2015 and 7% from the same period of 2014 (see chart 2). At least this ‘fall’ can be put down to the strength of the dollar. The same cannot be said for tourism revenues which have been in free fall since the January 2011 revolution. Re...
Volume: 59Issue: 36Published at Fri, 09 Sep 2016