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China Crude Imports 3q15 (‘000 B/D)
...14 2013 2012 2011 MIDDLE EAST 3,462 3,137 3,479 3,358 -50 -1 3,...
Volume: 58Issue: 43Published at Fri, 23 Oct 2015 -
China Seeks Bigger Role In Oil Pricing
...formation Agency (EIA) said in a March 2014 report that China overtook the US to become the largest net importer of crude oil and other liquids in the world in September 2013. It also pointed out the 31% rise in US indigenous oil production, mainly from tight oil plays, between 2011 and 2014, compared with ex...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Financing Constraints Hamper Leviathan Development
...a the EMG pipeline are exposed to the risk of insurgent attack. The subsea pipeline runs from Ashkelon in Israel to Arish in Egypt, which is connected by an onshore pipeline to the west of the country. The infrastructure was used to pipe Egyptian gas to Israel. In the aftermath of the 2011 re...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Bahrain Refinery Revamp To Boost Heavy Oil Upgrading
...mpletion in 2019 (MEES, 19 September). More Modest The current plan is more modest than an earlier incarnation, which envisaged Sitra capacity being expanded to 450,000 b/d. CLG completed a FEED study for this scenario in 2011. Around 45,000 b/d of the crude currently processed at Sitra comes fr...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Neutral Zone: Saudi Arabia Steamrolls Kuwait, Cuts Oil Output
...udi Arabian oil exports have already fallen to their lowest in three years, while August exports of 6.683mn b/d were at their lowest since March 2011, according to the latest data published by the Joint Oil Data Initiative (JODI). Crucial Test Riyadh’s action may yet prove to be a crucial test fo...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Tunisia: Election Time In The Arab Spring’s Sole Survivor
...TUNISIA Tunisia: Election Time In The Arab Spring’s Sole Survivor Regime change in Tunisia set off a series of revolutions across the Middle East in 2011. The achievements of these protest movements have largely been reversed elsewhere, but parliamentary elections held in Tunisia over th...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Egypt Announces Ambitious Macroeconomic Policy Targets
...om political turmoil following the overthrow of the Husni Mubarak regime in early 2011 and is only now beginning to show signs of recovery. There is however a growing recognition in the west of Egypt’s pivotal role in the Middle East as a relative island of stability in what is currently a sea of un...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Lebanese Economy Resilient Despite External Shocks
...LEBANON Lebanese Economy Resilient Despite External Shocks Despite domestic and external political shocks, and depressed economic conditions resulting from the ongoing civil war in neighboring Syria since 2011, Lebanon’s economy is proving resilient, ratings agency Standard and Po...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Saudi Arabia Official Crude & Products Output, Consumption And Trade Figures, August 2014 (‘000 B/D)
...D14 vsYTD13 vsYTD12 2013 2012 2011 2010 2009 Crude Production 9,597 -408 -59...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Benchmark Crude Prices ($/B)
...13 2012 2011 WTI 82.09 82.96 87.62 93.13 95.95 97.25 103.00 98...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Anarchy In Libya Keeps Production Shut In
...ttle, to no centralized power, and relies on the loyalty of the militias that were formed during or after the 2011 revolution. This power vacuum gives Tripoli almost no leverage over the armed followers of Mr Jathran, and it must hope that the continued absence of revenues will lead the secessionists to pu...
Volume: 56Issue: 43Published at Fri, 25 Oct 2013 -
Iran: Return To Markets A Priority For Oil Ministry New Guard
...er the past three months. This represents a near 60% drop in crude oil exports since 2011, MEES estimates show. But with this month’s relative thawing of Iran-US relations bringing about a public softening of attitudes towards the Islamic Republic and its oil sector, Iranian officials ha...
Volume: 56Issue: 43Published at Fri, 25 Oct 2013 -
Nakilat JVs Win Contracts For LNG Vessels
...ipped 1.6% to QR553.2mn ($151.8mn), from QR562.4mn ($154.3mn) for the same nine months last year. Total profit in 2012 was pegged at QR766mn ($210.4mn) compared with QR833.1mn ($228.9mn) in 2011, an 8% year-on-year reduction attributable to higher operational and administrative costs in 2012. ...
Volume: 56Issue: 43Published at Fri, 25 Oct 2013 -
Egypt Rejects Israeli Gas
...Egyptian gas to Israel via AGP was discontinued in April 2012 in the aftermath of the January 2011 revolution in Egypt, which toppled the Husni Mubarak regime (MEES, 30 April 2012). Mr ‘Abd al-Rahim went on to say that Egypt is working with companies, such as BP, Shell and BG, and not co...
Volume: 56Issue: 43Published at Fri, 25 Oct 2013 -
QPI Steps Back From Tunisia Refinery Project
...newed this interest after the 2011 revolution that ousted former president Zein al-‘Abidine Ben ‘Ali. Recent political developments may have played their part in QPI's decision. The moderate Islamist Ennahda party has agreed to relinquish power to a caretaker government that is to prepare fo...
Volume: 56Issue: 43Published at Fri, 25 Oct 2013 -
Uncertainty Reigns As Oxy Inches Closer To Asset Sell-Off
...GA). But the level of political risk in Bahrain is fairly low, despite repeated protests since 2011. Saudi Arabia and other regional countries have strongly supported the Bahraini monarchy, and the risk of chaotic political transition is negligible at this point. If Oxy were to sell its stake in...
Volume: 56Issue: 43Published at Fri, 25 Oct 2013 -
IEA Predicts Bleaker Days Ahead For OPEC
...% of incremen-tal global liquids supply of 9.3mn b/d through to 2017, only second to North America’s 40% (largely from oil sands or tight oil). And for OPEC, Iraq is likely to be still more significant, supplying over 50% of a projected 3.34mn b/d increase for 2011-17. The MTOMR confirms findings of...
Volume: 55Issue: 43Published at Fri, 19 Oct 2012 -
2012 Settlement Prices For Benchmark Crudes ($/B)
...untry GDP+ GDP per Capita $ 2011 Inflation % ++ Unemployment % Exchange Rate Per $ Rating Moodys Rating S&P Country Ri...
Volume: 55Issue: 43Published at Fri, 19 Oct 2012 -
Kurds Push For Energy Independence
...ndensate) up from 300mn cfd, (MEES, 18 July 2011). “This has ensured almost continuous power supply for 4mn people in the Kurdistan Region, in contrast to the electricity crisis in other parts of Iraq, and provided $5.4bn of savings in fuel costs for the government,” Dana Gas said. ...
Volume: 55Issue: 43Published at Fri, 19 Oct 2012 -
Sudan To Miss 2012 Oil Production Target
...or, prompting China's state-owned CNPC, which holds a majority stake in Block 6, to relinquish parts of the concession in 2005. Sudan lost around 75% of its total oil output when the South seceded in July last year (MEES, 11 July 2011), leaving the oil-dependent economy desperate for revenues and fa...
Volume: 55Issue: 43Published at Fri, 19 Oct 2012