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Kurdish Oil Enters Turkey But No Exports Yet
...oducts. Current production is estimated at 240,000 b/d but is set to rise further as Gulf Keystone ramps up output from the giant Shaikan field, which is due to hit 40,000 b/d in early 2014. Keystone Wins Court Case Prospects for the UK independent to continue its operations in Iraqi Kurdistan ha...
Volume: 56Issue: 51/52Published at Fri, 20 Dec 2013 -
Lebanon LNG Imports A Distant Prospect Amid Bidding Confusion
...viewing bids; caretaker Minister of Energy and Water Gebran Bassil says he expects to sign contracts in the third or fourth quarter of 2014. It remains unclear, however, just how Lebanon intends to implement its ambitious LNG import plans. Infrastructure And Political Obstacles The Energy Mi...
Volume: 56Issue: 51/52Published at Fri, 20 Dec 2013 -
Bid Round Confusion
...banon’s Petroleum Administration board tells MEES that precisely nothing will happen on 10 January. Yet the issue is mired in confusion: IOCs are unsure what to make of continued pronouncements by Mr Basil that 10 January 2014 is the final deadline for companies to submit their bids. The deadline, li...
Volume: 56Issue: 51/52Published at Fri, 20 Dec 2013 -
Algeria Awards $4Bn EPC Contracts For Six CCGT Plants
...time to help meet summer 2014 peak demand. Renewables Plans Sonelgaz’s SKTM renewables subsidiary has also awarded China’s Yingli Solar a contract to design and install 233MW of solar photovoltaic (PV) capacity at four separate sites, with construction expected to begin in January 2018 and to...
Volume: 56Issue: 51/52Published at Fri, 20 Dec 2013 -
US Hikes Mid-Decade Output Estimates By 2mn B/D
...OPEC US Hikes Mid-Decade Output Estimates By 2mn B/D The call on OPEC crude oil production for the coming years could be set for another sharp downward revision. The US government’s Energy Information Administration (EIA), in the 16 December ‘Early Release’ of its 2014...
Volume: 56Issue: 51/52Published at Fri, 20 Dec 2013 -
MENA Economic Divergence Set To Widen In 2014-Fitch
...REGIONAL MENA Economic Divergence Set To Widen In 2014-Fitch Fitch Ratings expects sovereign creditworthiness in the Middle East and North Africa (MENA) region in 2014 to remain stable overall. However prospects are far more favorable for the region’s oil exporters than fo...
Volume: 56Issue: 51/52Published at Fri, 20 Dec 2013 -
Iran: The Subsidy Dilemma
...rmits a 38% rise in order to deal with the deficits. Leaning towards the second choice, the Majlis on 23 October voted in principle to eliminate the top 30% of subsidy recipients at the start of the 2014-15 Persian year (in March 2014). The law gives the government three months to identify 23mn well-to...
Volume: 56Issue: 51/52Published at Fri, 20 Dec 2013 -
Crude Official Selling Prices ($/B)
...Crude Official Selling Prices ($/B) 2013 2014...
Volume: 56Issue: 51/52Published at Fri, 20 Dec 2013