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Libya: Another False Dawn?
...termittent disruptions occur in the west.” Should the eastern blockades be largely removed, the bank sees next year’s production at 1.2mn b/d. In Morgan Stanley’s worst case scenario, output will languish at 200,000-300,000 b/d. Libyan Comeback: Part 2? In the aftermath of the 2011 revolution, Li...
Volume: 56Issue: 50Published at Fri, 13 Dec 2013 -
KRG: Oryx Hits Big In KRG, Plans Wasit Development
...G) in 2011 that became public when the company issued an IPO ahead of its listing on the Toronto Stock Exchange in March this year. Not much has been reported on the controversial contracts since they came to light (MEES, 29 March). However, in its latest update on operations in Iraq, Oryx gave de...
Volume: 56Issue: 50Published at Fri, 13 Dec 2013 -
Oman Upstream Survey: Indies Boost Output To New Highs
...ke good on a 2011 pledge to boost production from its Mukhaizna heavy oil field in Block 53 to 150,000 b/d. “Mukhaizna is now [producing at] around 122,000 b/d on average,” Mr Jashmi said in Muscat, conceding that the original 150,000 b/d goal may be a step too far. This is up from an average of 11...
Volume: 56Issue: 50Published at Fri, 13 Dec 2013 -
Egypt: Styrene Plant Go-Ahead
...ant will feed an existing on-site polystyrene plant which currently imports feedstock. Construction is expected to take 30 months. E-Styrenics licensed the ethylbenzene and styrene process technologies from US firm Badger Licensing in 2011. Ethylene and benzene feedstocks will be combined to form et...
Volume: 56Issue: 50Published at Fri, 13 Dec 2013 -
OPEC Gets Through The Year But Oversupply Threat Looms
...wn by 490,000 b/d from October and the lowest figure since June 2011. Saudi Arabia cut output by 200,000 b/d whilst Libyan outages deepened (see p2) and Nigerian output also fell. There were also slight declines from Kuwait and the UAE due to field maintenance. Excluding Iraq, which saw a 70...
Volume: 56Issue: 50Published at Fri, 13 Dec 2013 -
Al-Qa’ida And The Syrian War: More Than Just The Overthrow Of Asad
...ve issued a charter - “Mashru’ Umma,” or an [Islamic] Nation’s Agenda - proposing a unified “military, political, social and Islamic” agenda which includes the imposition of Shari’a law after the overthrow of the Asad regime. The Syrian uprising started in the spring of 2011 with weekly de...
Volume: 56Issue: 50Published at Fri, 13 Dec 2013 -
Iran Slashes Budget; $100/B Crude, 1.1Mn b/d Exports
...lumes were over 2.5mn b/d as recently as 2011. This suggests Tehran is not banking on dramatic near-term easing of sanctions following the landmark interim deal reached on 24 November between Iran and the P5+1. Mr Rohani’s relatively conservative oil export figure seems to be at odds with the pr...
Volume: 56Issue: 50Published at Fri, 13 Dec 2013 -
GCC Union Postponed
...REGIONAL GCC Union Postponed Leaders of the six Gulf Cooperation Council (GCC) states have postponed a decision on a proposal submitted by Saudi Arabia two years ago to move from the stage of “cooperation” to full “union” (MEES, 26 December 2011). GCC Secretary Ge...
Volume: 56Issue: 50Published at Fri, 13 Dec 2013 -
Falling Commodity Prices Won’t Mean Fewer Company-Government Disputes
...mining, at least 25 governments announced tax increases between 2010 and 2011 alone. Companies are left with the choice to acquiesce or seek legal redress, often in countries where the legal system is influenced by national politics and political elites. In May, Barrick Gold and Antofagasta we...
Volume: 56Issue: 50Published at Fri, 13 Dec 2013 -
Benchmark Crude Prices ($/B)
...Benchmark Crude Prices 12 Dec 2-6 Dec 25-29 Nov Nov-13 Oct-13 Q3 2013 Q2 2013 2012 2011...
Volume: 56Issue: 50Published at Fri, 13 Dec 2013