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Syrian Oil: ‘$48Bn Losses’
...SYRIA Syrian Oil: ‘$48Bn Losses’ Damascus says “direct and indirect loss” to the oil and gas sector in Syria since the March 2011 start of the country’s civil war have reached $48bn. Oil minister Sulaiman al-‘Abbas, tells local daily al-Watan that since then “terrorist groups” ha...
Volume: 58Issue: 37Published at Fri, 11 Sep 2015 -
S&P Junks Iraqi Bond
...GDP in 2014. S&P is also projecting public debt to rise to 65% of GDP in 2015-18 from about 39% in 2014. With the collapse in oil prices, the agency expects the current account which had an average surplus of 10% of GDP in 2011-14 to turn to a deficit averaging 3% of GDP in 2015-18. Iraq plans to...
Volume: 58Issue: 37Published at Fri, 11 Sep 2015 -
Odds Are Stacked Against Libya’s Oil Revival
...stained recovery are coming increasingly into focus. Crude output rose to 810,000 b/d on 10 September, according to state-owned National Oil Corporation (NOC), reaching the halfway mark as production climbs further towards the 1.6mn b/d pumped prior to the 2011 revolution that toppled Mu’ammar al-Qa...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
South Sudan Oil Shutdown Leaves Indian Firm Reeling
...tronas have each lost just over half their output since 2011, with the bulk of this since the start of the current conflict, ONGC has seen its output reduced to zero (see table). For the year to 31 March 2014, ONGC’s South Sudan output was just below 6,000 b/d, according to the company’s latest annual re...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
ISIS Oil Revenue Streams May Prove Resilient
...r chest with proceeds from oil, extortion and the looting of banks and museums in areas it has seized since 2011, when the Syrian civil war began. There have been reports that priceless art works looted from museums and archaeological sites are being offered on the international black market. ISIS is...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
Egypt: Gas Shortage Fuels Record Diesel Demand
...14 vs1H13 vs 2009 vs 2004 2013 2012 2011 2010 2009 CRUDE OIL: Production* 666 -10...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
Gunvor Mideast Push
...nce blossomed into a top bunkering and trading hub. Gunvor later followed the same path towards vertical integration when it bought two refineries in 2011: an 110,000 b/d plant in Ingolstadt, southern Germany and a 107,500 b/d refinery in Antwerp, Belgium. While most of the major trading firms now ha...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
Tunisia Eyes Foreign Investment Tonic
...pends on stability and economic regeneration. Mr Jomaa told this week’s “Invest in Tunisia: Start Up Democracy” conference in Tunis “we forgot about the economy over the past three years but the economy did not forget us,” referring to the political and social crisis that has engulfed Tunisia since 2011...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
Iran Official Crude & Products Output, Consumption And Trade Figures To June 2014 (‘000 B/D)
...1Q14 vs2Q13 2013 2012 2011 2010 2009 2008 2007 2006 Crude Production (Official) 31...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
Turkish Crude Imports, 1h 2014 (‘000 B/D): Iran Regains Top Spot
...13 1H14 % 1H13 % ‘000 B/D % 2013 2012 2011 2010 Iran 10...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
Benchmark Crude Prices ($/B)
...13 2012 2011 WTI 92.83 94.38 94.32 95.95 102.36 103.00 98.56 98...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
Libya’s NOC Tries To Look Beyond Continued Chronic Instability
...ter it followed other foreign oil companies in lifting force majeure on their operations after the end of the 2011 civil war. The PGOC-NOC joint venture said a test well drilled on its Area 113 acreage in the Murzuq Basin flowed at a rate of 4mn cfd from intervals of 2,430-2510 feet th...
Volume: 56Issue: 37Published at Fri, 13 Sep 2013 -
Saudi To Keep Crude Output High Amid Soaring Domestic Demand
...main within range. I repeat the message that Saudi Arabia, and other producers, remain willing and capable of meeting any additional demands.” Saudi Arabia stepped in to fill the supply gap in 2011, when the Libyan rebellion wiped out oil production, and even created a new blend of crude oil cl...
Volume: 56Issue: 37Published at Fri, 13 Sep 2013 -
Iran Revisits Hydrocarbon Contracts In Effort To Boost Output
...tting the country’s August output at 2.7mn b/d. This is broadly in line with Iran’s average production for the year so far, and constitutes a near 25% fall from the 3.6mn b/d it produced in 2011 before the latest, and toughest, rounds of EU and US sanctions came into effect. “Our position in OP...
Volume: 56Issue: 37Published at Fri, 13 Sep 2013 -
Abu Dhabi Puts Tacaamol Back On Track With Aromatics FEED
...omatics compounds. Subsequently the Tacaamol owners – Chemaweyaat (51%) and IPIC (49%) – decided to make the plan more manageable by splitting Tacaamol into three phases. UK-based Halcrow Group, which was acquired by CH2M Hill in November 2011, was awarded a contract in December 2010 to develop th...
Volume: 56Issue: 37Published at Fri, 13 Sep 2013 -
Bahrain Opts For 360,000 B/D Expansion
...rks a scaling back – amid financing concerns – from earlier more ambitious plans for expansion to 450,000 b/d and beyond (MEES, 19 December 2011). The $5-6bn project will be completed in steps with the first phase to come online in 2017 and the final phase in 2020. Originally Bapco hoped to se...
Volume: 56Issue: 37Published at Fri, 13 Sep 2013 -
Obama Pursues Diplomatic Option On Syria
...wer. The Syrian regime will say, as it did after losing the Golan Heights in 1967, that it is victorious because it survives. Since it began in March 2011, Syria’s civil war has been fought at various local, regional and global levels. Domestically, over 100,000 people have been killed and mi...
Volume: 56Issue: 37Published at Fri, 13 Sep 2013 -
BG Takes Further Egypt Hit; BP Upbeat On Drilling Success
...scoveries for both 2011 and 2012 were on offshore east Nile Delta acreage that BP (50% and operator) shares with Eni (50%). On North El Burg, discoveries included the Satis deep Oligocene discovery (MEES, 31 October 2011), whilst on the neighboring Ras El Bar concession BP and Eni had ramped up production to...
Volume: 56Issue: 37Published at Fri, 13 Sep 2013 -
Cutting GCC Oil And Gas Consumption: A Roadmap
...source exports. In this context, Chatham House worked with partner institutions, policy-makers and technical experts in Saudi Arabia, the UAE, Oman, Qatar and Kuwait to support practical strategies to conserve energy. Between 2011 and 2013, discussions took place at six workshops, including re...
Volume: 56Issue: 37Published at Fri, 13 Sep 2013 -
Benchmark Crude Prices
...12 2011 WTI 108.6 108.3 108.29 106.55 104.47 94.17 94.42 94.18 95...
Volume: 56Issue: 37Published at Fri, 13 Sep 2013