1. SEC Closes $2bn Sukuk

    ...nk. SEC chief executive Ziyad al-Shiha says the sukuk is “part of the company’s strategy to diversify its sources of funding and to attract investors from international markets.” It takes the amount SEC has raised to finance capital projects to $40.8bn, including a $13.3bn government ‘soft loan’ in 2014...

    Volume: 61
    Issue: 39
    Published at Fri, 28 Sep 2018
  2. BP Start-Up Of 1Bn Cfd Khazzan Field Gives 20% Boost To Oman Gas

    ...15 2015 2014 2013 Industry 15.94 -0.02 15.96 23...

    Volume: 60
    Issue: 39
    Published at Fri, 29 Sep 2017
  3. Algeria: Prices Up, Volumes Down, Projects Delayed

    ...16 2015 2014 Export Revenue 23.51 +4.10 +21.1 19...

    Volume: 60
    Issue: 39
    Published at Fri, 29 Sep 2017
  4. Iraq Plots Post-War Refining Rebound

    ...start of the Haditha refinery and reported progress on repair work at three other refineries damaged during the occupation by Islamic State (IS) of a swathe of northern and western Iraq from early 2014. This year Iraqi forces and their allies have driven IS out of most of their formerly-controled Ir...

    Volume: 60
    Issue: 39
    Published at Fri, 29 Sep 2017
  5. Russia Extends Lead Over Saudi In China As Overall Imports Fall

    ...their lowest level since early 2014. Indeed for five of the last six months, including August (977,000 b/d), rival Opec producer Angola has bested Saudi for second place. But not only are Chinese imports from Saudi Arabia down in August, those from Russia and overall import volumes are also do...

    Volume: 60
    Issue: 39
    Published at Fri, 29 Sep 2017
  6. KRG’s Troubled Waters

    ...0 B/D)   2017* vs 2016* 2014 2015 Tawke 111.0 3....

    Volume: 60
    Issue: 39
    Published at Fri, 29 Sep 2017
  7. Algeria’s Risky ‘Cash Creation’ Plan: From One Pocket To The Other

    ...ree years. Algeria’s hydrocarbon-dependent economy has been hit hard by the collapse in oil prices since the second half of 2014; its hydrocarbons revenue fell to just $27.1bn last year from $71.4bn in 2011, though recent oil price rises mean it may just avoid a third straight $10bn-plus trade de...

    Volume: 60
    Issue: 39
    Published at Fri, 29 Sep 2017
  8. Saudi Oil Addiction Deepens Despite Ambitious Reform Drive

    ...s despite average annual oil prices nearly halving against 2014. Saudi Arabia’s trade surplus was decimated accordingly (see table). More than a year after Vision 2030 was launched, very little has changed. Non-oil exports account for less than 25% of the total and after falling in value for the la...

    Volume: 60
    Issue: 39
    Published at Fri, 29 Sep 2017
  9. Egypt: Economy Looking Up But Long Road Ahead

    ...ggest an annual figure of around $7bn based on normal seasonal trends – still below 2015 levels but almost double last year and still above 2013 and 2014 (see chart 3). FOREIGN RESERVES RIDING HIGH Aid from the IMF, the World Bank and other donors, as well as capital inflows from various sources ha...

    Volume: 60
    Issue: 39
    Published at Fri, 29 Sep 2017
  10. Libya Output Nears 500,000 B/D; Can The Gains Continue?

    ...ieste, Italy, linked by pipeline to OMV’s Schwechat refinery near Vienna (MEES, 23 September). The Ras Lanuf and Es Sider terminals have been shut in since the declaration of force majeure on 14 December 2014. The Es Sider terminal will take additional time before it is ready to come back on stream due to...

    Volume: 59
    Issue: 39
    Published at Fri, 30 Sep 2016
  11. Israel Struggles To Attract Interest In Offshore Acreage

    ...ble and Delek’s fanfare surrounding the deal and how it could pave the way to the sanctioning of Leviathan, it is worth recalling that a letter of intent with almost identical terms was signed in September 2014, before being canned just over a year later, when Jordan’s Energy Minister, Ibrahim Saif, un...

    Volume: 59
    Issue: 39
    Published at Fri, 30 Sep 2016
  12. Abu Dhabi: Has It A Future As An LNG Exporter?

    ...Tepco reducing its offtake from Adgas to minimum contracted levels, as it has new supply sources at its disposal. Tepco has been taking new volumes from ExxonMobil’s Papua New Guinea LNG project that started in 2014, and has signed up to a number of Australian projects scheduled to start from next ye...

    Volume: 59
    Issue: 39
    Published at Fri, 30 Sep 2016
  13. Iraq Looks To Breathe Life Into Nasiriya Refinery Project

    ...thin Iraq. The oil ministry’s Petroleum Contracts and Licensing Directorate (PCLD) “indefinitely” postponed bidding for the Nasiriya integrated project in June 2014 when Islamic State (IS) was making rapid advances across northern Iraq. The fighting never neared Nasiriya in the southern Dhi Qar pr...

    Volume: 59
    Issue: 39
    Published at Fri, 30 Sep 2016
  14. OPEC Agrees To Cut, Now The Hard Work Starts

    ...EC^ 2016 OIL EXPORT REVENUES ON COURSE FOR $750BN FALL FROM 2012 PEAK ($BN)   2010 2011 2012 2013 2014...

    Volume: 59
    Issue: 39
    Published at Fri, 30 Sep 2016
  15. Kurdish Political Unity Fragments As Barzani Reaches Out To Baghdad

    ...om its agreement just two months previously to extend Mr Barzani’s term by two years, following its expiry, and it has subsequently taken a harder line with the KDP as a result. Provincial-level elections within Kurdistan, which coincided with federal parliamentary elections in 2014, had a more ev...

    Volume: 59
    Issue: 39
    Published at Fri, 30 Sep 2016
  16. IOCs Stall KRG Investment On Renewed Payment Concerns

    ...15 2015 2014 2013 Kurdistan 5.1 -40.3 45.4 46...

    Volume: 59
    Issue: 39
    Published at Fri, 30 Sep 2016
  17. Saudi Takes First Steps To Rein In Bloated Public Sector

    ...blic Investment Fund (PIF) which in turn is expected to spend money in the economy and boost domestic liquidity.  Although the plunge in oil prices has seen government revenues collapse from $279bn in 2014 to just $137bn under the 2016 budget, spending has fallen by much less. It has fallen just $69...

    Volume: 59
    Issue: 39
    Published at Fri, 30 Sep 2016
  18. Iraq Plans For $42/B In 2017, Exports At 3.75mn b/d

    ...y the capital investment budget, the government will borrow ID6.5 trillion ($5.6bn) in order to make loans to businesses in agriculture, industry and housing. The government exhausted its own cash reserves in 2014, and has been able to continue paying public sector salaries – unlike in the KRG – on...

    Volume: 59
    Issue: 39
    Published at Fri, 30 Sep 2016
  19. Increasing Fuel Supplies Top Of New Egyptian Oil Minister’s Agenda

    ...nd, the Suez Canal expansion and the follow-through on pledges made during the Economic Development Conference in March (MEES, 17 April). Egypt also returned to international markets with the issuance of a $1.5bn Eurobond, while growth has “rebounded to 4.2% in 2014-15, and inflation has de...

    Volume: 58
    Issue: 39
    Published at Fri, 25 Sep 2015
  20. SEC/Aramco Eyes Cogen Supply For Fadhili Gas Plant

    ...shore fields including 500,000 b/d Khursaniyah, which is already in production, as well as offshore fields. The processing plant will handle 2.5bn cfd of gas and is expected to come onstream in 2019, according to Aramco’s 2014 annual report. SEC says the cogeneration plant will reach full commercial op...

    Volume: 58
    Issue: 39
    Published at Fri, 25 Sep 2015