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Qatar Shines Spotlight On OPEC Divisions As It Ends 57-Year Membership
...is week and the numbers make good reading for Doha. Oil and gas revenues of $6.8bn were the highest since December 2014, and as these account for 86% of total export revenues, these were also the highest since December 2014 at $7.9bn. Revenues are on track to be the highest since 2014, exceeding $80...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Adnoc Adds To Gulf LNG Bunkering Plans With Inpex Tie-Up
...thorities have previously considered adding LNG bunkering to their capabilities (MEES, 4 July 2014). As a major established hub, it makes sense to add a new string to Fujairah’s bow with LNG bunkering rather than seek to create an alternative location. Fujairah currently receives gas from Qatar via the Do...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Algeria Set For $5bn 2018 Trade Deficit: As Good As It Gets?
...RTHER RISE IN OIL PRICES WILL BE NEEDED FOR 2019 TO SEE THE FIRST SURPLUS SINCE 2014 *2018 FIGURES ARE JAN-OCT PRO-RATED EXCEPT OIL PRICE WHICH PRESUMES LOWER NOV-DEC VALUES IN LINE WITH LATEST BRENT FUTURES. SOURCE: ALGERIA CUSTOMS, OPEC, MEES CALCULATIONS. PRAYING FOR HIGHER PR...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Sipchem & Sahara To Merge
...mplete by 30 June 2019. Sipchem and Sahara signed an MoU for the merger in October, reviving a plan that was shelved in 2014 as plummeting crude prices slashed petchems revenues (MEES, 9 November). SAUDI PETCHEMS FIRMS BY MARKET CAP ($BN, END Q3): POST-MERGER SIPCHEM CLIMBS TO SIXTH PLACE...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018