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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 -
Damage To Syrian Oil Sector Estimated At $2.9Bn
...awra last week. He added that government oil facilities and associated infrastructure sustained losses of some S£5bn ($72.5mn). Oil production declined as a result of the fall in crude exports after EU sanctions were imposed on Syria in September 2011 (MEES, 12 September 2011). He explained that tr...
Volume: 55Issue: 43Published at Fri, 19 Oct 2012 -
Qatargas Secures Third Japanese LNG Supply Contract of 2012
...0 2011 Not decided HOA Apr-08 PetroChina 3.0 2010 25 SPA Ju...
Volume: 55Issue: 43Published at Fri, 19 Oct 2012 -
Turkey Turning To Nuclear Power, Counting On Coal
...wer generation by 2023, the republic’s centennial year. The disaster at Japan’s Fukushima nuclear plant in March 2011 and its repercussions forced a re-think in Ankara about nuclear power, but it now appears that Turkey’s future energy needs have convinced the government that reactor-ge...
Volume: 55Issue: 43Published at Fri, 19 Oct 2012 -
Wärtsilä-Led Group To Build Jordan Power Plant
...om Egypt was reduced following the overthrow of the Husni Mubarak regime in early 2011 (MEES, 12 October). Wärtsilä’s partner in the project is South Korea’s Lotte Engineering and Construction. The Finnish firm noted that it has a minority interest in ‘Amman Asia Electric Power, where th...
Volume: 55Issue: 43Published at Fri, 19 Oct 2012 -
Aramco Sees Energy Paradigm Shift
...ogram (MEES, 28 November 2011). But the problem was “misleading hype” about how quickly renewables could make an impact. “As a result there have been a lot of disappointments,” he noted. ...
Volume: 55Issue: 43Published at Fri, 19 Oct 2012 -
The Coming Wave: Global Oil Price Volatility
...uctuations without engaging in actual delivery contracts. As may be seen in figure 2, the number of oil futures contracts rose to approximately 1.6mn by the end of 2011 from approximately 450,000 in 2000. This excludes the less-transparent over-the-counter (OTC) market, where there is other major oil trading ac...
Volume: 55Issue: 43Published at Fri, 19 Oct 2012