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Baghdad, KRG: Peace In Our Time?
...eak-even oil price of $105/B to balance its 2014 budget. The draft 2015 budget, expected to show a deficit, is being revised to include a lower price assumption nearer $70/B, Iraqi politicians say. Iraq’s federal government and the Kurdistan Regional Government (KRG) ended years of discord over re...
Volume: 57Issue: 49Published at Fri, 05 Dec 2014 -
Iran’s Upstream Opening Stalls On Nuclear Extension
...r our colleagues at the Foreign Ministry to deal with,” he added, referring to Tehran’s nuclear negotiating team, led by Foreign Minister Mohammad Javad Zarif, and his deputy Abbas Araqchi. $100bn Pause Iran, the ministry said in early 2014, is looking to attract upwards of $100bn in oil se...
Volume: 57Issue: 49Published at Fri, 05 Dec 2014 -
Turkey Advances First Nuclear Plant, Eyes New 4.4GW Project
...nd 2014 Kavakli 52 Wind 2014 Bakras* 23 Wind 2014 Samsun 600 Ga...
Volume: 57Issue: 49Published at Fri, 05 Dec 2014 -
Lower Oil Prices: Making The World A Better Place?
...low 2014 levels. At $70/B they believe, all other producers can do is stand still if natural decline is factored in. For Russia, the pain is more acute since lower oil prices are proving more damaging than international sanctions over the Ukraine crisis, sending the ruble tumbling against the US do...
Volume: 57Issue: 49Published at Fri, 05 Dec 2014 -
Egypt Secures Funding For Further IOC Payments
...vember). Egypt first reduced a debt pile that had been growing steadily since the 2011 revolution with a $1.5bn tranche last December, and repaid a further $1.5bn in October. Throughout 2014, the government has also been able to promptly pay producers for current output, according to Petroleum Minister Sh...
Volume: 57Issue: 49Published at Fri, 05 Dec 2014 -
Iran Eyes Balanced Budget Despite Gloomy Outlook
...tal of $7bn of its frozen assets: $4.2bn in phase one, between November 2013 and July 2014; and a further $2.8bn in phase two, between July 2014 and November 2014. This arrangement will continue under the latest extension of the deal through July 2015 – during which Iran will receive $700mn/month in fr...
Volume: 57Issue: 49Published at Fri, 05 Dec 2014 -
Dollar Strength Lessens Impact Of Oil Price Slide
...11 and July 2014, a period flagged up by the World Bank and other observers as one of “remarkable stability.” (With an uncanny degree of prescience, BP chief economist Christof Rühl, speaking at the mid-June market peak, said that with the US delivering “one of the biggest annual oil production in...
Volume: 57Issue: 49Published at Fri, 05 Dec 2014 -
Benchmark Crude Prices ($/B)
...Benchmark Crude Prices ($/B) 4-Dec 24-28 Nov 17-21 Nov Nov-14 Oct-14 Q3 2014 Q2 2014 20...
Volume: 57Issue: 49Published at Fri, 05 Dec 2014