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Egypt Steps Up Block Awards
...low domestic demand. The fall in gas output and the rise in domestic demand have forced the government to put an end to exports, and enter into negotiations over LNG imports. Mr ’Abd al-Badi’ says he expects 10 new projects to come online in the 2014-15 fiscal year, with investments totaling ab...
Volume: 57Issue: 38Published at Fri, 19 Sep 2014 -
Algeria Fertilizers Capacity Rising After Sonatrach Signs New Gas Deals
...dernourished, but there are signs of green shoots. For a start, state petroleum regulator Alnaft is offering 31 blocks to encourage oil and gas exploration – although potential bidders are challenging the terms (MEES, 22 August). Sorfert Ramp-Up In its first half 2014 results Orascom says that “ramping up...
Volume: 57Issue: 38Published at Fri, 19 Sep 2014 -
KNPC Extends Al-Zour Bidding
...tairi says the tender deadlines have been extended until November 2014 and January 2015. “We are targeting April 2015 to sign the contracts for Al-Zour,” Mr Mutairi tells Reuters. This would represent little slippage, as the company earlier said it would award engineering, procurement and construction co...
Volume: 57Issue: 38Published at Fri, 19 Sep 2014 -
Dubai Record Generation
....692TWh in the second quarter, compared with 9.739TWh in the same period last year.” Mr Tayir says DEWA also set a new generation record in 2Q14, delivering a peak of 6.845GW compared with 6.340GW in 2013, a rise of 8.0%. “Also,” says Mr Tayir, “the recorded consumption peak in Dubai in 2014 has reached 7....
Volume: 57Issue: 38Published at Fri, 19 Sep 2014 -
OPEC To Bring Down The Ceiling?
....45mn b/d in 2014 (MEES, 12 September). Who Cuts? Mr Badri was speaking at the conclusion of talks with Russian Energy Minister Alexander Novak on 16 September, held amid a continuing slide in global oil prices, which saw the value of the OPEC basket fall from $110.48/B in mid-June to below $95/B on th...
Volume: 57Issue: 38Published at Fri, 19 Sep 2014 -
Qatar Petroleum Looks To The Future After Board Shake Up
...-well program that was expected to be completed by the end of 2014. Mr Kaabi will also be tasked with addressing rising costs associated with field redevelopment. The estimated costs of redeveloping QP’s offshore Bul Hanine field doubled to $11bn, according to a QP announcement earlier this year. Th...
Volume: 57Issue: 38Published at Fri, 19 Sep 2014 -
Egypt $8.4Bn Suez Funds
...scal year which started on 1 July. Mr Dimian says that Egypt’s GDP grew by 3.5% in Q2 2014. He earlier said he expects Egypt to have a $10-11bn financial shortfall for the current financial year (ending June 2015) and said closing this necessitates boosting growth to 6% and creating jobs to slash un...
Volume: 57Issue: 38Published at Fri, 19 Sep 2014 -
Algeria Maintains High Defense Spending In 2015
....3bn) is up 9.6% on the 2014 budget in nominal terms, following a higher increase still of 15.7% over 2013. The budget allocations for defense spending surged in 2011 by 49.5% over 2010. Total expenditure in the draft bill is projected to increase by 15.7% to AD8,858bn ($112.1bn), while total re...
Volume: 57Issue: 38Published at Fri, 19 Sep 2014 -
Saudi Arabia Official Crude & Products Output, Consumption And Trade Figures, July 2014 (‘000 B/D)
...Saudi Arabia Official Crude & Products Output, Consumption And Trade Figures, July 2014 (‘000 B/D) Jul-14 vs June 14 vs July 13 Jun-14 Ma...
Volume: 57Issue: 38Published at Fri, 19 Sep 2014 -
Benchmark Crude Prices ($/B)
...Benchmark Crude Prices 18-Sep 8 - 12 Sep 1 - 5 Sep Aug-14 Jul-14 Q2 2014 Q1 2014 20...
Volume: 57Issue: 38Published at Fri, 19 Sep 2014