- Sort by:
- Score
- Published ▼
-
Egypt Finalizes Bidding Award
...s net Egyptian production of 13,000 b/d of oil equivalent (boe/d), up from 7,000 boe/d at the start of 2011. The company plans to boost production following the approval of three pending development leases which it is hopeful will come through before the year end (MEES, 12 October). Dana’s Egypt co...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
OPEC Role Steady Amid Rapid Change In IEA Outlook
...erage IEA crude oil import price approaches $125/B (in year 2011 dollars) by 2035. The study’s Current Policies scenario assumes the implementation of no policies adopted after mid-2012, while the 450 Scenario (MEES, 14 November 2011) assumes policy action to limit the long term global temperature in...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Benchmark Crude Prices
...12 Q2 2012 2011 2010 WTI 85.45 85.99 85.88 89.57 94.69 92...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Repsol Strikes Gas In Algeria
...oduction heartland. The Tihalatine South-1 well flowed at 3.7mn cfd at a depth of 1,070ms in the Ordovician shale reservoir. Appraisal work will be carried out by the consortium to assess the size of this discovery. Exploration began in July 2011 with the acquisition of 2D and 3D seismic da...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Jordan’s Energy Price Hike Triggers Protests
...generate its electricity supply, following the interruption in the flow of cheaper Egyptian gas via the Arab Gas Pipeline. This was bombed 15 times since the overthrow of the Mubarak regime in January 2011. Last week Egypt agreed to raise its gas exports to Jordan to 60mn cfd from an average of 42...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Sudan Rebuffs IMF Austerity Recommendations
...ficit which primarily came about as a result of Sudan losing some 75% of its oil revenues to the South when it seceded in July 2011. The deficit was estimated at around $2.4bn in June this year. Yet despite these measures, the IMF has urged the authorities in Sudan to continue along this same path and cu...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
UAE Issues 2012 Supplementary Budget
...e budget announced in October 2011, while total revenue will increase by Dh3.7bn ($1bn) to Dh45.1bn ($12.3bn) from Dh41.4bn ($11.3bn). The resulting deficit will now stand at Dh1bn ($272mn), compared to Dh400mn ($109mn) in the original budget (MEES, 17 October 2011). According to the de...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
IMF Sees Solid Economic Performance In Algeria
...at the fiscal balance is expected to deteriorate to 3.7% of GDP, weighted by the full effect of wage increases and back payments. It points out that “vulnerability to hydrocarbon prices has constantly increased, with the breakeven price reaching $121/B in 2012.” Unemployment was stable at 10% in 2011...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012