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Baghdad Caught in North-South Pincer As Basra Oil Heartland Seeks Autonomy
...th Ankara for 10 bcm/year of gas from its Dohuk license in early 2014. Mr Shahristani, who is deputy PM for Energy, has warned that Baghdad would consider any unauthorized oil exports from the KRG as the smuggling of Iraqi oil and threatened to take action against Erbil and Ankara, though there ha...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
BP Inks Kirkuk Deal
...5,000 b/d. However, Lukoil’s West Qurna-2 field development, which had been due to start up in 2013, has been pushed back to early 2014 due partly to protests earlier this year by Basra tribes who had expected to see more benefit from the operations of the foreign oil majors....
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
Egypt Touts Block Awards But IOC Debts Mount
...periencing chronic delays. Originally slated for start-up in 2014, the 1bn cfd project will now likely come online in 2017. It is a delay that gas hungry Egypt can ill afford, and the government’s eagerness for future supply provides a powerful rationale for not letting payments to BP slip further....
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
Iran Targets Oman As Future Gas Export Hub
...gust). The two sides are hoping to sign the contract by the end of the Iranian year (ending March 2014). But before that can happen, Muscat and Tehran will have to navigate the often muddy waters of price negotiations – something which has historically proved to be much easier said than done. “We have no...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
Jordan LNG, Storage Plans
...JORDAN Jordan LNG, Storage Plans Thirteen companies and consortia have been prequalified by Jordan’s Ministry of Energy and Mineral Resources to build a strategic products reserves terminal to the east of ‘Amman during 2014-15. The terminal will store 250,000-300,000 tons of...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
Iraq-’Aqaba Crude Export Pipeline Advances
...inching an agreement with ‘Amman on transit fees. The award for the Haditha-’Aqaba portion of the pipeline on a Build-Own-Operate-Transfer (BOOT) basis is expected by the end of 2014. A source familiar with the project says that Iraq’s State Company for Oil Projects (SCOP) has issued a letter to the qu...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
Qatargas Inks $7bn UK LNG Deal With Centrica
...QATAR Qatargas Inks $7bn UK LNG Deal With Centrica Qatargas has signed a $7.1bn sales and purchasing agreement (SPA) with UK utility Centrica, to supply up 3mn tons/year of LNG to the Isle of Grain terminal in southeast England. The June 2014-December 2018 deal succeeds a pr...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
RAK Plans Solar And Water Bids, Eyes Coal
...UAE RAK Plans Solar And Water Bids, Eyes Coal Ras al-Khaimah (RAK) plans to invite bids for separate solar power and desalination plants worth a combined $450mn in a tender to be organized in 2014 by local private utility Utico. The solar plant will have 20MW capacity, wh...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
OPEC Output Edges Up On Partial Recovery in Libya, Iraq
...believe production levels will only recover to around 1.3mn b/d through 2014,” it continued. Iraq Boost Iraq meanwhile boosted crude production in October by more than 120,000 b/d to 2.98mn b/d, despite reduced flows of crude oil through the key export pipeline extending from Kirkuk in the no...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
TAQA Turns A Profit
...the full commissioning of both units by early 2014." TAQA - Oil and Gas Output 3Q13 3Q12 North America Crude (‘000 b/d) 17 16...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
Iran: Official Inflation 40%, Real Rate May Be Double
...anian year on 20 March 2014. This would be done by curbing liquidity growth (which rose more than five times in the past seven years) and adopting suitable monetary and fiscal policies. Some officials claim that the payment of cash handouts under the subsidies reform plan, initiated by the former go...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
Syria: 2014 Budget
...SYRIA Syria: 2014 Budget Syria’s draft budget law for 2014 envisages total expenditure of S£1,390bn ($10bn at the current official rate of $1=S£139), virtually unchanged from S£1,383bn ($9.9bn) in 2013. The 2014 budget consists of S£1,010bn ($ 7.3bn) for current ex...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
World Bank’s ‘Doing Business’ Rankings, 2014*: MENA And Selected Other Countries
...World Bank’s ‘Doing Business’ Rankings, 2014*: MENA And Selected Other Countries COUNTRY 2014 **(vs ‘13) COUNTRY 2014 (vs ‘13) CO...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013