1. Kuwait’s Oil & Gas Transformation: Is Strong Leadership Enough?

    ...ell.   Dampening hopes of attracting IOCs is a Kuwaiti public prosecutor investigation into Shell’s $800mn consultancy deal with KOC to help develop northern Jurassic gas fields (MEES, 8 August 2011).   Burgan Progress Kuwait continues to make good progress in extending the plateau of its Gr...

    Volume: 56
    Issue: 38
    Published at Fri, 20 Sep 2013
  2. Libya: Light At End Of Tunnel As Losses Hit $7.5bn

    ...nghazi, headquarters of Agoco, NOC’s biggest subsidiary. Agoco operates eight eastern fields and the export terminals of Hariga near Tobruk.   The NOC chairman played down fears that the shut-ins could have had a similar effect on the production infrastructure as outages during the 2011 re...

    Volume: 56
    Issue: 38
    Published at Fri, 20 Sep 2013
  3. Turkey Turns To Iraq To Replace Iranian Barrels

    ...der 105,000 b/d for May-July.   Turkish crude imports from Iran averaged 112,000 b/d in the first seven months of the year, down around 25% and 40% on 2012 and 2011 figures respectively.   Waiver Review Coming Up Turkey is one of nine countries still importing Iranian crude that in Ju...

    Volume: 56
    Issue: 38
    Published at Fri, 20 Sep 2013
  4. Company Profile: Petroceltic Plots Big League Transformation

    ...ave the firm with around 38%; it will remain as operator), Italian power firm Enel bought 18.375% from Petroceltic in 2011, whilst state firm Sonatrach has 25%.   With the aim of beefing up its ‘Ain Tsila team’ Petroceltic on 16 September appointed Ian Craig to chair Petroceltic’s Ain Tsila pr...

    Volume: 56
    Issue: 38
    Published at Fri, 20 Sep 2013
  5. Citadel Seeks More Capital

    ...ctor for managing to hold funding for the project together in the wake of Egypt’s 2011 Revolution as other investors pulled out (MEES, 6 February, 2012).   In addition, the company’s key planned new investment is in Egyptian LNG import and re-gasification. But its bid to hire floating storage an...

    Volume: 56
    Issue: 38
    Published at Fri, 20 Sep 2013
  6. Sudan Delays Ending Fuel Subsidies

    ...er implementation of the controversial policy.   Sudan’s economy is still reeling from the significant drop in state revenues associated with the loss of around 75% of its former 450,000 b/d crude oil production when South Sudan seceded in July 2011 (MEES, 11 July). Oil income was – and still is...

    Volume: 56
    Issue: 38
    Published at Fri, 20 Sep 2013
  7. Benchmark Crude Prices

    ...12 2011 WTI 106.39 108.26 108.29 106.55 104.47 94.17 94.42 94.18 95...

    Volume: 56
    Issue: 38
    Published at Fri, 20 Sep 2013