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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 -
Saudi LPG Prices Raised For September Deliveries
...tane Change Propane Butane Change Propane Butane 2010 1 Jan 740.00 735.00 2011...
Volume: 55Issue: 36Published at Mon, 03 Sep 2012 -
Algeria Details Power Generation Capacity Expansion Plans
...me period. The expansion plans follow a recent series of outages as peak summer demand hit new records. Demand hit a record 10.06gw on 4 August, more than 14% over the 2011 maximum. However, supply was unable to keep pace, forcing Sonelgaz to instigate a series of rolling power cuts with co...
Volume: 55Issue: 36Published at Mon, 03 Sep 2012 -
Kuwait Realizes $47Bn Budget Surplus
...er. Public expenditure meanwhile was around KD17bn ($60.2bn), some 12.4% below the KD19.4bn ($69.7bn) initially projected by the 2011-12 budget (MEES, 26 March). “It is a record surplus. Ninety-five per cent or thereabouts of revenues come from oil, and oil prices have been very well supported ab...
Volume: 55Issue: 36Published at Mon, 03 Sep 2012 -
Kufpec Expands Australian Presence With Offshore Oil Concession Award
...2011, and four assets that are still in the development stage. It also holds a 7% stake in the $29bn Chevron-operated Wheatstone LNG project in Western Australia, which in May this year reached a deal to sell upwards of 80% of its output to Japan’s Tohoku Electric Power Company. First gas, ac...
Volume: 55Issue: 36Published at Mon, 03 Sep 2012