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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: 56Issue: 38Published at Fri, 20 Sep 2013 -
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: 56Issue: 38Published at Fri, 20 Sep 2013 -
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: 56Issue: 38Published at Fri, 20 Sep 2013 -
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: 56Issue: 38Published at Fri, 20 Sep 2013 -
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: 56Issue: 38Published at Fri, 20 Sep 2013 -
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: 56Issue: 38Published at Fri, 20 Sep 2013 -
Benchmark Crude Prices
...12 2011 WTI 106.39 108.26 108.29 106.55 104.47 94.17 94.42 94.18 95...
Volume: 56Issue: 38Published at Fri, 20 Sep 2013