- Sort by:
- Score
- Published ▼
-
Omani Economy Looking Up Despite S&P Downgrade
...ude prices have taken a toll on Oman’s government coffers. Nominal GDP fell from OR31.5bn ($81.8bn) in 2014 to just OR25.5bn ($66.3bn) last year. But things have started looking up in recent months, with higher oil prices and BP starting up its key Khazzan gas project in September. Ne...
Volume: 60Issue: 47Published at Fri, 24 Nov 2017 -
Qatar Maxes Condensate Splitters, Hits Fresh Products Records
...en the largest buyer of Qatari condensate. But after rising above 200,000 b/d in Q1 2014, imports fell to just over 125,000 b/d the following quarter and have been below 100,000 b/d since late-2014 (see chart). Much of this fall in shipments to Japan was caused by the neighboring UAE stepping up its im...
Volume: 60Issue: 47Published at Fri, 24 Nov 2017 -
Algeria Eyes 2.4gw Power Capacity Boost By Mid-2018, But Money Is Tight
...ojects which have been announced by Sonelgaz in recent years – 26 plants with a combined capacity of 13.7GW were listed by Sonelgaz as scheduled to begin commissioning during 2014-16 (MEES, 6 November 2015). While some of these have been completed and others are progressing, the overall rate of progress ha...
Volume: 60Issue: 47Published at Fri, 24 Nov 2017 -
Saudi Crude Exports At 7-Year Low, Outweighing Products Gains
...ch occurrence since 2014. The 6.65mn b/d exported in Q3 this year was down 290,000 b/d on Q2 and the lowest figure since 2011 (see table, MEES November 24). But has the nadir now passed? Initial indications imply there was a slight increase in crude exports in October, while Saudi Arabia an...
Volume: 60Issue: 47Published at Fri, 24 Nov 2017 -
GCC Debt Smashes All Records
...hrain with $3bn. Less than three years ago, Saudi Arabia, Kuwait and Oman had never issued debt in the international markets but the plunge in oil prices since the end of 2014 sent their budget deficits soaring. Indeed, while political relations have frayed throughout the course of the year, one fr...
Volume: 60Issue: 47Published at Fri, 24 Nov 2017 -
Saudi Deficit Set To Fall 50% In 2017
...Higher oil prices mean Saudi Arabia is on track to halve its deficit to $42.5bn for 2017, the lowest figure since 2014. Latest figures for the first nine months of 2017 show revenue rising by 23% year-on-year thanks to a 32% increase in oil prices (from $38.6/B to $50.9/B). For 2017 as a wh...
Volume: 60Issue: 47Published at Fri, 24 Nov 2017