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Jordan: Opposition To Israel Gas Deal Strong But Ineffectual
...rged Egyptian gas was cut-off in 2011, its deficits were close to this $700mn figure, reflecting a state subsidy through debt. Despite the economic necessity, domestic politics weigh heavy and a letter of intent with almost identical terms that was signed in September 2014, was canned just over a ye...
Volume: 59Issue: 43Published at Fri, 28 Oct 2016 -
Egypt’s Refiners Struggling To Keep Pace With Products Demand
...mospheric residue fuel oil from the nearby 160,000 b/d Cairo refinery to deliver 75,000 b/d of lighter liquids, including 46,000 b/d of diesel and 13,000 b/d of jet-kero (MEES, 25 April 2014). The ERC project consortium is being led by local investor Qalaa Holdings, which says its consolidated debt on th...
Volume: 59Issue: 43Published at Fri, 28 Oct 2016 -
Iraq’s Tentative Gas Gains Insufficient To Stem Oil Burn Growth
...cent years. Oil production has risen from 3.30mn b/d in 2014 to average 4.35mn b/d in January-September this year. Gross gas output has averaged 2.7bn cfd in the first eight months of 2016, up 628mn cfd from the same period last year. But output gains have not been matched by development of the ne...
Volume: 59Issue: 43Published at Fri, 28 Oct 2016 -
Iraq Invites Bids for 12 Fields in First Offering Since 2012
...AQ ANNUAL CRUDE EXPORTS BY REGION ('000 B/D) 2011 2012 2013 2014 2015 Eu...
Volume: 59Issue: 43Published at Fri, 28 Oct 2016 -
Green Shoots Begin To Emerge As Oilfield Service Firms See Signs Of Revival
...15 3Q16 $bn % $bn % 2Q16 3Q15 2014...
Volume: 59Issue: 43Published at Fri, 28 Oct 2016 -
Riyadh Stays Positive
...Saudi Finance Minister Ibrahim al-‘Assaf painted a positive picture of the kingdom’s financial position during a seminar in Riyadh on 25 October. Despite oil prices remaining around $50/B, less than half 2014’s levels, the minister said “we have managed to maintain our public finances in a go...
Volume: 59Issue: 43Published at Fri, 28 Oct 2016