- Sort by:
- Score
- Published ▼
-
Sudans Make Oil Export Breakthrough
...sues, and claims on land and nomadic grazing rights contribute heavily to the volatility. By way of a protocol, the 2005 Comprehensive Peace Agreement (CPA) granted the region a January 2011 referendum to decide whether it joined the South, or remain under the North’s jurisdiction. Yet with preparations fo...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Foreign Investors Look For Streamlined Algerian Oil Bureaucracy As Shell Exits
...to effect in 2006 saw a total of 36 blocks offered. All three rounds were failures to a lesser or greater extent. In 2008 only four blocks were awarded, in 2009 only three (including to Thailand’s PTT – see page 7) and only one block was awarded (to Cepsa) in the most recent 2011 bid round; Sonatrach to...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Thailand’s PTT, PetroVietnam and China’s CNOOC Expand In Algeria
...troVietnam’s Bir Seba project is set for early-2014 production. PTT has so far notched up four, albeit modest, successes among the five wells so far drilled in its nine-well late 2011 to early 2013 exploration program on the Berkine Basin’s Hassi Bir Rekaiz block. A sixth well is due to be sp...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Saudi Aramco Progressing Strategic Downstream Projects
...oducts. At the heart of the project is a dual‐feed cracker which will produce 1.5mn t/y of ethylene and 400,000 t/y of propylene. At the signing of the Sadara joint venture shareholders agreements in October 2011, Saudi Aramco CEO Khalid al-Falih said that ample and reliable supplies of fe...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Baghdad-Ankara Relationship At Crossroads
...rkey in 2011. Turkey is aiming to break into the list of the world’s top ten economies by 2023, and Ankara is targeting Iraq in general and the KRG in particular, as strategic fuel sources for this planned economic expansion (MEES, 28 May). Turkey’s economic boom since the late-1990s has be...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Kuwait Political Stalemate Seen Continuing After Electoral Law Upheld
...e parliamentary finance committee and the oil ministry started probes into Shell’s Enhanced Technical Services Agreement (ETSA). Being conducted for state-owned upstream firm Kuwait Oil Company (KOC), the ETSA is to help develop northern Jurassic gas projects (MEES, 8 August 2011). The enquiry looks at...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Iraq Proposes 2013 Budget Oil Price Increase
...gust, which was up from July’s 3.231mn b/d and August 2011’s 2.854mn b/d. Iraqi officials said that $13bn deficit projected for the 2012 budget is unlikely to materialize, because like previous years the government was unable to spend full allocations. Nevertheless, in July the Iraqi ca...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Qasemi Reverses Decision on NIGEC’s Dissolution
...iginally taken by Mr Qasemi’s predecessor, Massoud Mirkazemi, in 2011. A former senior NIOC executive told MEES that Mr Qasemi has accepted – despite NIOC protests – the committee’s recommendation “because the effects of Mirkazemi’s decision were not thoroughly studied.” The executive added th...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Jordan Signs MOU With Canadian Firm For Shale Oil Project
...to 15,000 b/d of crude from shale. KIO is a wholly-owned subsidiary of Jordan Energy and Mining of the UK (MEES, 28 March 2011). Lastly Shell has plans to produce crude from the eastern desert in Jordan within the next two decades (MEES, 27 July 2009). Jordan currently imports about 98% of its en...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Libyan Output At 1.6Mn B/D But Gas Stuck At Two-Thirds Capacity
...oduction (mn b/d) Source: NOC from Jan 2012, MEES assessments Oct-Dec 2011. September production is unlikely to top August volumes given a 4 September fire at the Harouge-operated Amal field. This shut in up to 100,000 b/d of Sirte Basin production early in the month. Pr...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
QPI Says Musturud First Step In $8Bn Egypt Energy Investment
...int venture with Egypt’s Orient Company – a specially constructed investment vehicle operated by ERC parent company Citadel Capital – and EGPC. ERC finalized the funding for Musturud in June, after a process that was complicated by the 2011 overthrow of Husni Mubarak. Financing includes $2.6bn in debt an...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
AES Jordan Secures OPIC Funding For New Power Plant
...gime in early 2011. OPIC said that electricity generated by the new ‘peaker plant’ – it will provide electricity during periods of peak usage, such as evenings and summer months – will be taken by Jordan’s National Electric Power Company (Nepco) under a power purchase agreement with AES Jo...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
NIOC Hit With US Sanctions As EU Looks At Further Measures
...th Islamic Revolutionary Guard Corps (IRGC) was a basis for the decision. The US drew attention to the appointment in July 2011 of Rostam Qasemi as Iran’s Petroleum Minister – he was a former IRGC Brigadier General. The US Treasury also said that evidence of the NIOC-IRGC link was an in...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Jordan Mandates Three Banks For Its $1Bn Eurobond
...sbursed by the Kuwait Fund for Arab Economic Development (KFAED). Last week Qatar also signed a memorandum of understanding with Jordan to regulate the disbursement of the Qatari grant of $1.25bn under the GCC pledge. He revealed that in 2011 Jordan had received $1.4bn in aid from the Gulf countries, ma...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012