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Kuwait Withdraws From Key Neutral Zone Project
...e second quarter of 2014. Kuwait Crude Production (‘000 b/d)* ...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
KRG Set For Independent Exports Despite Iraq-Turkey Thaw
...at output was heading towards a targeted 200,000 b/d by the end of 2014. DNO Executive Board Chairman Bijan Mossavar-Rahmani says, however, that DNO is awaiting guidance from the KRG as to when exports through the independent export route through Turkey could begin from Tawke, which he said cu...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
DNO Touts 1bn Barrel Tawke: ‘Why Stop At 200,000 B/D’
...es a potential to take production beyond an initially targeted 200,000 b/d by the end of 2014 (from 100,000 b/d now) as it taps into the upper and lower reservoirs of the structure. Announcing third quarter results last week, executive chairman Bijan Mossavar-Rahmani told analysts that the company ha...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
Mideast Condensate To Increasingly Feed Gulf Petchems
...ed As Petrochemical Feedstock (‘000 B/D) Direct Use Splitters (40% of below numbers)* 2012 2014 2016 2012 2014...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
OPEC Holds Firm On 2013-14 Call On Its Crude
...13 oil demand in non-OECD countries was revised downward versus the previous month’s estimate on weaker demand growth data from the Asian economies of Japan, South Korea and India. For 2014, world oil demand is projected to increase by around 1.04mn b/d relative to this year, hitting 90.78mn b/d (un...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
Services Firms Bullish On Saudi, Wary Of Iraq Security
...sts, each resulting from delays under Zubair early production facility construction project. This project was approximately 60% complete at the end of Q3 with an anticipated project completion date of Q3 2014.” “As the Zubair contract is accounted for on a percentage of completion basis all known an...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
Jordan Approves 2014 Budget, Spending Up 13%
...JORDAN Jordan Approves 2014 Budget, Spending Up 13% Jordan plans to raise its 2014 budget expenditure by 12.8% to JD8.096bn ($11.41bn at the fixed exchange rate of 1JD=$1.41) from the 2013 budget, according to the draft budget approved on 13 November. Revenue is slated to ri...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
Dubai Set To Launch Plastics Futures
...UAE Dubai Set To Launch Plastics Futures Dubai Gold and Commodities Exchange (DGCX) announced early this week that it will launch the MENA region’s first plastics futures contract on 28 February 2014. The product to be traded is polypropylene, for which the exchange says gl...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
Gulf Producers Face Increased Competition In Asia Condensate Markets
...e gap. East of Suez Segregated Condensate Supply Outlook - Base Case (MN B/D) 2012 2013 2014 2015 2016 2017 2018 20...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013