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Total, Eni Slam Cyprus Port Snafu
...Total plans to drill its initial well offshore Cyprus by April. But, with this now only five months away it has still not been able to secure the use of a port as a logistics base. Previous drilling offshore Cyprus, by US firm Noble with its 2011 Aphrodite discovery, and by Eni on Block 9 in 20...
Volume: 59Issue: 47Published at Fri, 25 Nov 2016 -
Suez Canal Sees Record Northbound Oil Shipments
...reign reserves still remain low at $23.5bn in November (after the IMF transferred part of its first tranche of $2.75bn), or about 65% of the 2010 figure of $36bn. SUEZ CANAL: NORTHERN OIL SHIPMENTS HAVE DOUBLED SINCE 2011 HITTING RECORD 2.4MN B/D IN Q3... ...WITH SEASONAL RECORDS SET FO...
Volume: 59Issue: 47Published at Fri, 25 Nov 2016 -
Kuwait Eyes Push Into US Petchems With Award Of MEG Plant Contract
...tegrated with a 615,000 b/d refinery under development by state refiner KNPC and also a proposed aromatics project. PIC says the economic pre-feasibility study for Olefins 3 was completed in 2009 and a detailed feasibility study was completed in 2011. While the Al-Zour refinery and a clean fuels pr...
Volume: 59Issue: 47Published at Fri, 25 Nov 2016 -
Middle East To Drive Gas Growth, But Is It Sustainable?
...th renewables. But there are huge regional discrepancies – and the consensus is that outside of the US, the “golden age of gas” touted in the organization’s 2011 WEO remains a long way off. GLOBAL DEMAND DOWN, MIDEAST UP The IEA has increased its demand outlook for the Middle East si...
Volume: 58Issue: 47Published at Fri, 20 Nov 2015 -
Saudi Crude Output Up But Refiners Put Squeeze On Exports
...3Q14 2Q15 1-3Q15 1-3Q14 2014 2013 2012 2011 2010 2009 Crude Pr...
Volume: 58Issue: 47Published at Fri, 20 Nov 2015 -
Taiwan LNG Imports January-September 2015
...15 2010 2011 2012 2013 2014 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Ju...
Volume: 58Issue: 47Published at Fri, 20 Nov 2015 -
Opec Market Share Policy To Bear Fruit Next Decade - But Not For All
...0/B for Brent for 2011 through H1 2014 to below $50/B for all but a few days since the start of August (and below $45/this week). Though last year’s WEO was released in November, when prices had already fallen to around $80/B, at the time it was far from clear that this, never mind yet-lower prices, wa...
Volume: 58Issue: 47Published at Fri, 20 Nov 2015 -
Dana Gas Positive On UAE, Egypt, But Kurdish Receivables A Major Concern
...rect from the Khor Mor plant through local contractors.” As part of their 3Q financial statements, Dana Gas states that Pearl invoiced the KRG for 200mn cfd of “excess gas” for the period January 2011 to May 2015, totalling $1.498bn. Dana Gas’s 40% share is worth $599.2mn. However, the KRG’s cu...
Volume: 58Issue: 47Published at Fri, 20 Nov 2015 -
Lebanese Politicians Pass Essential Financial Laws
...oductive cabinet. LEBANON: KEY ECONOMIC INDICATORS -IMF 2011 2012 2013 2014 2015 est. 2016 est. 2017 est. GDP Gr...
Volume: 58Issue: 47Published at Fri, 20 Nov 2015 -
Taiwan Crude Imports. Middle East Share Grows To 87% In 2015 ('000 B/D)
...13 2012 2011 2010 2009 2008 2007 Middle East 725.4 843.8 513.4 69...
Volume: 58Issue: 47Published at Fri, 20 Nov 2015 -
The Oil Price Slide: Just How Bad Is It For Iran?
...richment. Specific restrictions targeting Iran’s oil revenues, introduced some three years ago, have only made matters worse for Tehran, effectively slashing oil exports to between 1.1mn and 1.2mn b/d so far this year, from an average of 2.5mn b/d in 2011. Pick Of The Bunch With the recent slowdown in...
Volume: 57Issue: 47Published at Fri, 21 Nov 2014 -
Tripoli Could Face International Sanctions Over Terror Links
...the 2011 revolution that toppled the former leader Mu’ammar al-Qadhafi and plunged the country into chaos. The revival was slowed by strikes at the Intisar and Gialo fields in the eastern Sirte basin, Libya’s oil heartland. The raid on Sharara reversed the trend, and output is now estimated at ar...
Volume: 57Issue: 47Published at Fri, 21 Nov 2014 -
Saudi Arabia Looks East
...ude exports rose slightly to 6.722mn b/d in September from 6.663mn b/d in August, they are at their lowest level since March 2011, according to the latest data from the Riyadh-based Joint Oil Data Initiative (JODI, see p20-21). And shipments to the US, where it is the second largest source of imported cr...
Volume: 57Issue: 47Published at Fri, 21 Nov 2014 -
GCC Mends Fences
...st several months, Saudi Arabia finally returned its ambassador to Doha this week. The UAE and Bahrain will likely follow suit, though it is unclear if the dispute has reached a final resolution. Since the 2011 ouster of Egypt’s Husni Mubarak, the GCC has been roiled by an internal dispute that pi...
Volume: 57Issue: 47Published at Fri, 21 Nov 2014 -
Kuwait Budget Surplus Down 25%
...dget) 1H14-15 KD BN % Nominal % Real 1H13-14 2013-14 2012-13 2011-12 REVENUE 15.09 -0....
Volume: 57Issue: 47Published at Fri, 21 Nov 2014 -
Dow Petchems JVs To Be Floated On Kuwait Exchange
...tar, and the UAE - approved in March 2011. The four also pledged $10bn to Bahrain to help ease social tension and promote economic development in the aftermath of the Arab Spring uprisings. Jordan and Morocco also received grants of $5bn each from the four GCC countries post-Arab Spring. These fo...
Volume: 57Issue: 47Published at Fri, 21 Nov 2014 -
Saudi Refining Ramp-Up Continues – Data Analysis
...0,000 b/d on a year earlier. But crude exports are down by 1.12mn b/d year-on-year. Overall net oil exports, at 6.95mn b/d, fell below 7mn b/d for the first time since early 2011. Ø Crude oil burning was seasonally lower in September but the fuel oil burn continued to rise, hitting a six-year hi...
Volume: 57Issue: 47Published at Fri, 21 Nov 2014 -
Benchmark Crude Prices ($/B)
...13 2012 2011 WTI 75.85 76.51 78.24 84.33 93.13 97.25 103.00 98...
Volume: 57Issue: 47Published at Fri, 21 Nov 2014 -
Libya: A Glimmer Of Hope
...s toppled in 2011, instead piling into the power vacuum created by the revolution. Attempts by the government to co-opt the groups by hiring them for security have turned sour, and the militias have been key in preventing the centralization of power in Libya. Separatist movements in the east are pr...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
Egypt Plans Nuclear Tender, UAE Progresses First Reactor
...June that Egypt was ready to invite bids, having enacted a nuclear law, established an independent regulatory body, selected a technology, developed a fuel strategy and prepared a bid specification in line with IAEA requirements. Earlier tender plans were postponed following the January 2011 ov...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013