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Egypt Touts Block Awards But IOC Debts Mount
...e February 2011 revolution (and level with the second half of 2010), however August gas output of 5.43mn cfd (56.1bcm/y) remains 9% down on pre-revolution levels (61.6bcm for 2010). The gas shortage has been exacerbated by domestic consumption, which has continued to rise rapidly despite ec...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
Libya: No End In Sight To Instability
...ternational oil company active in the east. Failure to achieve real or lasting increases in Libyan oil output is a common theme since July. Prior to this, Libya had surprised the oil markets by reviving output at a remarkable pace after the 2011 revolution brought production to a standstill. For much of 20...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
Iran Targets Oman As Future Gas Export Hub
...t negotiated the gas price yet,” Mr Zanganeh said. “We have agreed to transfer gas to Oman first, and then look for a market in the region from there.” Iran and Oman came agonizingly close to reaching a gas supply agreement in 2011, but talks broke down after the Iranian side had a sudden change of...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
Qatargas Inks $7bn UK LNG Deal With Centrica
...ior 3-year agreement signed in 2011. The previous deal, worth less than half the latest, was for 2.4mn t/y. Like several of Qatargas’ recent deals, the contract does not guarantee 3mn t/y of supply; rather, Qatargas is free to send volumes to other buyers. Qatargas 4, a joint venture between Qa...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
OPEC Output Edges Up On Partial Recovery in Libya, Iraq
...oduction at an average of 500,000 b/d in October, up approximately 150,000 b/d on September. This increase came despite renewed protests at the country’s main oil fields and terminals. Facing the worst disruption to its oil industry since the 2011 civil war, Libya appeared to have turned a corner in la...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
Analysis: Oxy Mideast Pullback Spurred By Risk-Averse US Investors
...ansition of power from father to son and there is no threat to the country’s leadership. Minor protests in Oman in 2011 posed scant threat to the country’s leadership, as well. In the UAE, where the only perceptible repercussion of the “Arab Spring” has been an outpouring of foreign aid to ailing regional al...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
Iran: Official Inflation 40%, Real Rate May Be Double
...re open about government finances, there could be more transparency with regard to the fund’s reserves. The NDF was established in 2011 to replace the Oil Stabilization Fund (OSF), a sovereign wealth fund which accumulated surplus oil and gas revenue....
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
Towards An Efficient LNG Market In The Asia-Pacific
...ntribute to that dialogue by discussing the Asian LNG market and its prospects for increased integration, efficiency and growth. The International Energy Agency (IEA) has spoken of a golden age of gas (MEES, 13 June 2011), and for good reason. We see a growing and positive contribution of gas to global en...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
Benchmark Crude Prices ($/B)
...12 2011 WTI 94.2 96.93 97.87 100.57 106.27 105.73 94.17 94.18 95...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013