Iraq Running Out Of Time To Implement Gas Strategy

...vernment but that are now in limbo along with the 2014 state budget. Iraq*: Gas Output Rises With Oil But Infrastructure Fails To Keep Pace   ISIS Impedes Gas Projects While Iraq estimates its natural gas reserves at 112 tcf, much of the country is still unexplored, particularly in the we...

Lebanon Bid Round Stuck In Neutral

...LEBANON Lebanon’s first offshore oil and gas bid round will eventually proceed, though the country’s deadlocked politics will force further delays – likely deep into 2015. Lebanon’s Ministry of Energy and Water has postponed its flagship event of 2014, the Lebanon International Pe...

MENA Active Drilling Rigs, September 2014.*

Egypt Bags More Aid Amid Gaping Budget Deficit

...just over $39bn (see table). As a percentage of GDP the figure is also down from a sky-high 13.7% for 2012-13. For the current July 2014-June 2015 financial year Egypt is budgeting for a further fall in the deficit to E£240bn ($33.7bn), down around 14% in real terms. The Finance Ministry sa...

Algeria Stares Deficit In The Face

...ALGERIA Algeria’s trade surplus in the first eight months of 2014 has fallen by 20.4% to $4.67bn from $5.87bn in the corresponding period of 2013, official customs statistics show. In 2013 the trade surplus fell to $11.1bn from $21.49bn in 2012. As recently as February the IMF pr...

Benchmark Crude Prices ($/B)

...OIL PRICES     9-Oct 29 Sep - 3 Oct 22 - 26 Sep Sep-14 Aug-14 Q3 2014 Q2 2014 20...