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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 -
Qatar Hires Rigs In Boost To Crude Output Plans
...ur wells of a 51-well program aimed at plateauing production at 300,000 b/d, and the firm is currently discussing with QP further development plans. As of the end of the second quarter, Maersk had completed just 10 wells of the $1.5bn, 51-well program that was expected to be completed by the end of 2014...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
MENA Active Drilling Rigs, August 2014: New Saudi, Kuwait Record; Iraq Drilling Slump*
...MENA Active Drilling Rigs, August 2014: New Saudi, Kuwait Record; Iraq Drilling Slump* Au...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
Egypt: Gas Shortage Fuels Record Diesel Demand
...0,000 b/d of products imports (assuming most is diesel in line with Egypt’s current import slate), the equivalent of around 90% of Egypt’s first half 2014 import requirements on a net basis (see table). Already products imports have soared. Overall net products imports hit a record 277,000 b/d in June. Fu...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
Demand For OPEC Crude Revised Down Again
...eks. Given the almost certain dent to world oil demand this implies, OPEC could be looking at further cooling of demand for its crude over the coming years. Demand Slowdown Demand for OPEC crude oil will average 29.90mn b/d for 2014, the Paris-based IEA says in its latest oil market co...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
Oman Oil Secures $1.85Bn Loan Facility
...n a total of $2bn-plus in contracts related to key downstream projects. Need For Capital Markets Oman’s oil revenues for the first five months of 2014 fell 2.6% to OR4,335mn ($11,271mn), compared to a year earlier, while gas revenues fell 1.9% to OR594mn ($1,544mn). Despite this, Oman re...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
Egypt Eyes $12.5bn Powergen Investment
...nistries of petroleum and finance. Egypt’s urban inflation rate rose to 11.5% for the year to August, partly due to the 5 July hike of petroleum product prices by as much as 77%, following the decision to cut petroleum products subsidies in the 2014-15 budget to E£100bn ($14.0bn), in a bid to reduce th...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
Tunisia Eyes Foreign Investment Tonic
...11. The growth rate in the first half of 2014 fell to 2.1%, down on the same period last year, and is insufficient to absorb growing unemployment estimated at 15.7% in 2014. For the Tunisian authorities the main goal of the conference was to restore investor confidence through the government’s “st...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
Iran Official Crude & Products Output, Consumption And Trade Figures To June 2014 (‘000 B/D)
...Iran Official Crude & Products Output, Consumption And Trade Figures To June 2014 (‘000 B/D) Jun-14 vs May 14 May-14 Apr-14 2Q14 vs...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
Turkish Crude Imports, 1h 2014 (‘000 B/D): Iran Regains Top Spot
...Turkish Crude Imports, 1h 2014 (‘000 B/D): Iran Regains Top Spot 1H14 vs 1H...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
Benchmark Crude Prices ($/B)
...Benchmark Crude Prices ($/B) 11-Sep 1 - 5 Sep 25 - 29 Aug Aug-14 Jul-14 Q2 2014 Q1 2014 20...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014