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BP Still Hopeful Of Kirkuk Deal
...Kirkuk, parts of which fell under KRG control after Iraqi troops withdrew rather than fight the advancing militants of the Islamic State of Iraq and Greater Syria (ISIS) – otherwise known as Islamic State (IS) – in the summer of 2014. It is, however, conducting work through contractors under a me...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
Genel Energy Steps On Kurdish Natural Gas
...oduction is expected in 2016 and gas for export scheduled to start in the first half of 2018, though the KRG has an option to request gas for domestic use in 2016. The agreement will allow Genel to honor its September 2014 gas sales agreement with Turkey for 10Bcm/year of Kurdish gas. Genel will be en...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
Baghdad, KRG Take First Step Toward Deal
...aq’s revenues and to 17% of refining volumes for domestic consumption, it says. This is only a fraction of the KRG’s annual entitlement from the 2014 federal budget, which was never passed. Under an informal agreement between Erbil and Baghdad, the KRG was to receive 17% of federal revenues but the KR...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
Oman Output Boost Plans Intact Despite Oil Price Slide
...eraged 947,900 b/d – largely in line with the 950,000 b/d average output target for 2014 it announced in March this year (MEES, 7 March). “There is no intention to phase out or delay any projects, and expenditure will continue as planned,” Finance Ministry Undersecretary, and former Undersecretary to...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
MENA Active Drilling Rigs, October 2014.*
...MENA Active Drilling Rigs, October 2014.* October Br...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
UAE Says Oil Price Will Not Impact Expansion
...ergy. Emirates LNG ‘’We expect to develop new gas fields and launch new projects to import LNG. These projects include the awarding of a contract for the Emirates LNG project in Fujairah by the end of 2014 or early 2015,” he told national news agency WAM in an interview on 9 November. The pr...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
UAE Keeps Oil Majors Guessing On Onshore Renewal
...pan’s Jan-Sep 2014 Oil Imports (‘000 B/D) Japan Oil Imports From Abu Dhabi (‘000 B/D) Japan too has a strong hand. The UAE is the second largest exporter of crude to Japan after Saudi Arabia (see below and p26) and Japan already has upstream stakes in the UAE, both of them in of...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
IEA: LNG To Maintain Steady Share Of Interregional Gas Trade Through 2040
...INTERNATIONAL IEA: LNG To Maintain Steady Share Of Interregional Gas Trade Through 2040 Global gas supply and demand dynamics will be closely monitored by LNG suppliers, including Qatar. In its World Energy Outlook 2014, the International Energy Agency (IEA) says that it expects Ja...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
Mideast Refining Surge To Continue Through 2040
...om 8.5% to 12.2%, while OPEC sees a hike from 8.1% to 11.5% (see Table 1). The IEA’s World Energy Outlook (WEO) 2014 envisages Middle East refinery throughputs rising from 6.6mn b/d in 2013 to 8.5mn b/d in 2020 and 10.6mn b/d in 2040. OPEC’s World Oil Outlook (WOO) 2014 (MEES, 7 November), sees ru...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
OPEC To RECLAIM Market Share in 2020s, IEA Says
...plications for upstream plans across the globe, but especially in areas where price levels are critical for certain projects – namely North America and Brazil. “According to our estimates, if oil prices remain at these levels, the capital spending in 2015 in the US will decline up to 10% compared to 2014...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
Egypt Cuts Deficit On Back Of Gulf Cash, But More To Do
...EGYPT Egypt Cuts Deficit On Back Of Gulf Cash, But More To Do Egypt cut its budget deficit to 12.8% of GDP for the year to June 2014. This is down from 13.7% for 2012-13, though still well up on 9.8% for 2010-11. Though the deficit rose in nominal terms to E£255.4bn from E£239.8bn the pr...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
Oil Prices: Uncertainties, Confusion And Conspiracy
...REGIONAL/SAUDI ARABIA Oil Prices: Uncertainties, Confusion And Conspiracy OPEC’s ‘need’ to maintain $100/B-plus sowed the seeds of recent oil price falls. What happens next? By-Paul Stevens* Oil prices have been falling. From 2011 to June 2014 the OPEC basket consistently av...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
Japanese Crude Oil & Condensate Imports, Q3 2014 (‘000 B/D)
...Japanese Crude Oil & Condensate Imports, Q3 2014 (‘000 B/D) 3Q Vs 2Q14 3Q Vs 3Q13 Jan-Se...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
Benchmark Crude Prices ($/B)
...Benchmark Crude Prices ($/B) 13-Nov 3-7 Nov 27-31 Oct Oct-14 Sep-14 Q3 2014 Q2 2014 20...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014