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Benchmark Crude Prices ($/B)
...Benchmark Crude Prices ($/B) 10 Apr 31 Mar - 4 Apr 24-28 Mar Mar-14 Feb-14 Q1 2014 Q4 2013 20...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Kurdish Export Initiative Stalled By Pipeline Sabotage
...mi-autonomous region, to Iraqi oil exports to give the talks the maximum chance of success. The 2014 Iraqi draft budget, still stalled in parliament because of the dispute between the two sides, had factored in 400,000 b/d of Kurdish crude oil exports for the current year. Iraq’s Deputy Prime Mi...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Egypt: No Short-Term Boost To Gas Supplies
...e second half of 2014, according to the Ministry of Petroleum, even as gas shortages are already causing blackouts in the North African country. Power cuts are common in Egypt during the summer, when state utilities are overburdened by the increased use of air conditioning. But this year, the co...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
International Gas Union Sees Changing LNG Market After 2014
...INTERNATIONAL International Gas Union Sees Changing LNG Market After 2014 The Norway-based International Gas Union (IGU) sees continued LNG supply constraints ahead this year, during which time Qatar will remain the world’s top supplier of the super cooled gas. The global LNG ma...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Work To Begin On Egypt’s Tahrir Petchems Complex
...2014. Carbon Holdings aims to raise $3bn of the project cost through export credit agencies and is holding talks with Ex-Im Bank of the US, Korea’s Kexim and Italy’s SACE. Naphtha Vs Ethane Global Demand [Mn B/D] Tahrir Petrochemical Complex ‘00...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Saudi Arabia In Power Generation Efficiency Drive
...24 Gas 2014 U/C Jiddah South 2.80 HFO 2015 U/C Shuqaiq 2.64 HF...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Saudi Arabia Keeping Politics Out Of The Mix
...nthly Energy Review for March 2014 shows that imports of Saudi crude oil by the US averaged 1.328mn b/d in 2013, roughly unchanged from 1.365mn b/d the previous year. The OPEC giant, the world’s largest oil exporter, ranks second after Canada as a supplier of crude to the US market and comes at the ex...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Algerian Elections: Political Stagnation Persists
...versification. In an effort to boost the economy and placate the electorate, Algiers has boosted its budget for 2014, raising expenditure by 11.3% to AD7,656bn ($95.7bn), after reigning in spending in 2013. ...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Qatar Announces Record Budget But Curbs Expenditure Growth
...QATAR Qatar Announces Record Budget But Curbs Expenditure Growth Qatar has unveiled yet another record budget for the 2014-15 financial year. But while expenditure growth is set to slow significantly relative to previous years, the allocation for infrastructure projects is...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Bahrain: Government Debt To Keep Rising
...n-oil GDP growth is projected to pick up to about 5% in 2014, driven by capital spending, while oil GDP is expected to be flat. For the full year the IMF projects overall growth at around 3%, reflecting continued weak investment sentiment in the non-oil sector and limited growth in the oil se...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Cyprus Economy Still At Risk From Bad Loans And Unemployment
...ze enterprises. With rising unemployment, falling credit, and increasing non-performing loans (NPLs), Cyprus’ outlook “remains challenging,” according to the IMF. The fund has left its growth projections unchanged, with “a deep contraction expected in 2014 and a modest and credit-less recovery ta...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Benchmark Crude Prices ($/B)
...Benchmark Crude Prices ($/B) 03 Apr 24-28 Mar 17-21 Mar Mar-14 Feb-14 Q1 2014 Q4 2013 20...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Abu Dhabi Onshore Awards Unlikely Before ADCO Concession Ends
...elds. ADNOC Director General ‘Abd Allah al-Suwaidi on 23 April suggested that a decision may not be reached on Abu Dhabi Company for Onshore Oil Operation’s (ADCO) contract by the time it expires on 13 January, 2014. More than 10 firms have been invited to bid for its concession. ADCO is co...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Total Signs $1.3bn Ras Laffan Condensate Splitter Deal; Seeks Saudi, Iraq Projects
...tsui (1%). A diesel hydrotreater, which will process gasoil from Ras Laffan 1 and 2, should be commissioned by the second half of 2014. It will produce “ultra-low-sulfur diesel, which meets the most stringent environmental specifications,” QP said. Like its peers, Total sees the Middle East and Asia as...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Total Sees Partnerships, Technology, Exploration Driving Growth
...ok a 25% stake in exploration Block B/C, operated by CNOOC. And expectations for the first B/C well, scheduled for end-2013/early 2014 drilling, are high in the wake of Wintershall’s March announcement of a major discovery at its offshore Block 4. Last year, Total signed an extension to 2039 for its 23...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Iraqi Provincial Elections: Prelude To A New Balance Of Power
...mpaigning to unseat Mr Maliki before January 2014 parliamentary elections, but has so far failed. The provincial election is a test of strength for both camps. MEES learns from senior Iraqi opposition sources that Iran has informed them of its continued support for Mr Maliki and that Tehran does not want hi...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
International Oil Market Developments
...t seen for three decades. Nobody speaks now of peak production. • The continued increase in global demand from emerging countries, and its continued decline in the industrialized OECD countries. In 2014, the consumption of industrialized countries will, for the first time in the history of...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
CNPC Kicks Off Halfaya Phase 2
...oject, the 535,000 b/d Halfaya development and partner with BP on the giant 2.85mn b/d Rumaila development - are spearheading the capacity drive.On 14 April, CNPC announced it had started construction of a 100,000 b/d, 60 well phase 2 for Halfaya. This is due to come on stream in “the second quarter of 2014...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Aramco Starts Up 900,000 b/d Manifa Field
... SAUDI ARABIA Aramco Starts Up 900,000 b/d Manifa Field State-owned Saudi Aramco has started production at its Manifa oil field three months ahead of schedule, it announced on 15 April. It will ramp up production to 500,000 b/d by July and 900,000 b/d by end 2014...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Gulf States Reveal Shale Gas Ambitions
...ploration the Zagros region of western Iran before the end of the current Iranian year (20 March 2013 – 20 March 2014). Oman First Past The Finish Line? Of the Gulf countries though, Oman is likely to be the first to tap such unconventional deposits. The country has for some years now been st...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013