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OPEC Production Slips In September Despite Iraqi, Gulf Increments
...iling, in place since December 2011. Production from the group’s top producer Saudi Arabia stayed high at 10.24mn b/d in September, though this was down from 10.31mn b/d in August, as domestic demand continues to weaken from its summer peak. Saudi output has fallen month-on-month since June, when it hi...
Volume: 58Issue: 41Published at Fri, 09 Oct 2015 -
IMF: Reforms Key If Iran To Benefit From Nuclear Deal
...pital could result in upward pressure on the real exchange rate, Mr Cerisola says. Iranian crude oil production is holding at around 2.9mn b/d, down from around 3.6mn b/d in 2011, before US and EU sanctions on the sale of its oil were introduced. But, the IMF warns that “risks to the outlook are si...
Volume: 58Issue: 41Published at Fri, 09 Oct 2015 -
Iran: The Subsidies Dilemma
...rty wanted the other to be identified with the action. Sizable declines in annual receipt from oil exports – from $118bn in 2011 to an estimated $24bn in 2015 – due to drastic declines in oil export volumes (from 2.5mn b/d to 1mn b/d) and oil prices falling (from $108/B to less than $40/B) – ha...
Volume: 58Issue: 41Published at Fri, 09 Oct 2015 -
Egypt Awards Four Offshore Gas Blocks Following August 30tcf Discovery
...ypt, accounting for roughly one third of Egypt’s 4.24bn cfd of gas output. But output has been on the decline, falling to just 1.53mn cfd last year, with output from the BP/Eni fields down by a total of 524mn cfd since 2011. Of the four producing Eni/BP offshore Nile Delta concessions, only North Po...
Volume: 58Issue: 41Published at Fri, 09 Oct 2015