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Iraq’s Cash-Strapped Kurds Gear Up For Kirkuk Export Boost
...the 2014 federal budget, which has yet to be presented to parliament and is being delayed further by the ongoing dispute and is likely to see a wider deficit than forecast when it was first drafted. ...
Volume: 57Issue: 42Published at Fri, 17 Oct 2014 -
US Shale A Threat To Mideast Condensate, Despite Oil Price Slide
...duce the firm’s exposure to political instability. Japan’s Gulf^ Condensate Imports (‘000 B/D) 2011 2012 2013 *2014 Qatar 15...
Volume: 57Issue: 42Published at Fri, 17 Oct 2014 -
US Shale Vulnerability To Falling Oil Prices
...0 B/D) 2012 2014 2016 2018 2020 Eagle Ford 300 875 1048 1058 1201 Fi...
Volume: 57Issue: 42Published at Fri, 17 Oct 2014 -
UAE Sees Balanced 2015 Budget Despite Oil Price Fall
...UAE The UAE on 12 October approved its 2015 federal budget. The budget is balanced, with both spending and revenue projected to increase by 6.3% to Dh49.1bn ($13.4bn at the fixed $1=Dh3.6725 exchange rate) from Dh46.2bn in 2014. With inflation projected at 2.5% in 2015 by the IMF, the net in...
Volume: 57Issue: 42Published at Fri, 17 Oct 2014 -
Saudi Products Imports Slump
...nture Satorp refinery ramped up towards full capacity – which it is expected to reach by year end. Gasoline imports fell from 23,000 b/d in January-August 2013 to zero for the first eight months of 2014; gasoil volumes fell to a mere 4,000 b/d. The 400,000 b/d Aramco/Sinopec Yasref refinery at Yanbu on...
Volume: 57Issue: 42Published at Fri, 17 Oct 2014 -
Saudi Speciality Petchems Transformation Focuses On Aromatics
...omatics/Propylene: 2,200 Paraxylene Satorp, Jubail 700 2014...
Volume: 57Issue: 42Published at Fri, 17 Oct 2014 -
Iran Starts Work On 1GW Zanjan Plant
...xt five years. Zanjan Electricity Company head Ali Chehlamirani says the area’s demand peaked at 580MW in summer 2014, of which 73% was consumed in the industrial and agricultural sectors. New plants in Zanjan province are part of a Ministry of Energy plan to add 30GW of generating capacity na...
Volume: 57Issue: 42Published at Fri, 17 Oct 2014 -
Saudi Arabia Takes On Oil Market Bears
...om the previous month’s forecast, based on expectations of slower global economic growth for both this and next year. This would represent growth of only 700,000 b/d for 2014, rising to 1.1mn b/d in 2015. Non-OPEC supply growth next year is estimated at 1.2mn b/d. This in turn has cut the call or de...
Volume: 57Issue: 42Published at Fri, 17 Oct 2014 -
Abu Dhabi Boosts Offshore Output As Umm Lulu Comes Online
...January 2015. ADMA-OPCO crude production (’000 B/D) 2014-2020 ADMA-OPCO Additions (‘000 B/D) State-owned ADNOC, which now has 100% ownership of ADCO, is more manager than decider. The final decision lies with the SPC, which is headed by UAE President Shaikh Khalifa bin Za...
Volume: 57Issue: 42Published at Fri, 17 Oct 2014 -
IMF Downgrades MENA, Global 2014-15 Growth Projections
...REGIONAL The IMF has downgraded its projections for global growth this year and next. The MENA region, hit by war, instability, and falling oil prices, sees the biggest downgrade of all. Real GDP growth in the MENA region is projected at 2.6% in 2014 and 3.8% in 2015, a downgrade 0.5 an...
Volume: 57Issue: 42Published at Fri, 17 Oct 2014 -
Benchmark Crude Prices ($/B)
...OIL PRICES 16-Oct 6-10 Oct 29 Sep - 3 Oct Sep-14 Aug-14 Q3 2014 Q2 2014 20...
Volume: 57Issue: 42Published at Fri, 17 Oct 2014