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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