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Syria: Between A Rock And A Hard Place
...test the waters, and could resort to larger shipments in future. Syria’s revolution started in March 2011 with mainly peaceful demonstrations. Army deserters established the moderate Free Syrian Army, a grouping of militias that remains splintered. Islamist militias followed. Both the Free Sy...
Volume: 57Issue: 17Published at Fri, 25 Apr 2014 -
Benchmark Crude Prices ($/B)
...13 2012 2011 WTI 101.94 103.97 102.75 100.48 100.68 98.56 97.54 98...
Volume: 57Issue: 17Published at Fri, 25 Apr 2014 -
Saudi Data Analysis: Oil Exports Hit 11-Year High To Top 8.5mn B/D In February After Satorp Start-Up
...SAUDI ARABIA Feb-14 Jan-14 J-F ‘14 vs J-F’13 Dec-13 Nov-13 2013 vs ‘12 2012 2011 2010 2009 Crude Production (Official) 9,850 9,...
Volume: 57Issue: 17Published at Fri, 25 Apr 2014 -
Iran Targeting Crude Output Hike Alongside Upstream Opening
...ude output averaged 2.82mn b/d over the first quarter of the year, down close to 800,000 b/d on 2011’s pre-sanctions output. Exports are also much depressed, averaging just 1.1mn b/d in 2013, from around 1.5mn b/d as recently as 2011, according to MEES estimates. But with a potential opening on th...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
Oil Exports Resume In Eastern Libya
...Cs are less concerned about their ability to revive production should the export routes open up. While in 2011 fields were hastily shut down by workers escaping the fighting, last year pumps were shut in properly, and facilities have been maintained since. “The fields should come back fast, they al...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
Suez Revenue Steady
...2013. For gross tonnage (including vessel weight), the 2013 figure of 915mn t is just down on 2011’s record 929mn t. The average size of vessels using the canal is rising. Despite record cargo and revenues holding steady, the total number of ships using the canal has fallen in each of the last fi...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
GCC Polymers Increasing In Volume And Sophistication, Says GPCA
...08-13 Chg 2013-18 2008 2009 2010 2011 2012 2013 MN T % %/yr...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
Iran Power Supply Up 4.6%, Capacity Hits 70GW
...n be viewed as remarkable progress given international sanctions. Recent international focus on Iran’s power sector has centered on the 1GW Bushehr nuclear plant, which western powers fear hides a nuclear weapons program. The plant has operated intermittently since 2011 start-up; it is currently sh...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
MENA Countries Hike Defense Spending For 2013
...stern Anbar province bordering Syria. Bahrain has beefed up arms purchases since mass protests by its marginalized Shi’a majority were suppressed with the help of its GCC neighbors in 2011.Oman’s military spending fell 27% in 2013, although this comes on the back of a more than doubling in spending be...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
Iraq’s Management of its Natural Gas Potential - INES Revisited
...veloping the country’s own natural gas potential had been effectively halted. Even now, in 2014, utilization of Iraq’s natural gas, excluding Kurdistan, is around the same as it was in 2003. Since 2011 two contracts costing Iraq around $720mn have been signed to build two pipelines to import around 1.6bn cf...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
EU Crude Oil & Condensate Imports, 2013
...12 2011 ‘000 b/d $mn $/B CIF % Total Rank ‘00...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
Benchmark Crude Prices ($/B)
...13 2012 2011 WTI 103.76 102.75 100.47 100.48 100.68 98.56 97.54 98...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
Qatar Searches For New Gas As North Field Moratorium Set To Continue
...rmation, blocking gas flow. Recent development phases at South Pars have seen a dry hole and salt-water infiltration (MEES, 12 December 2011). IOCS Digging Deeper Despite the North Field moratorium, Qatar hopes to expand gas production further in a bid to meet the feedstock demands of its ambitious do...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Focus Turns Back To Oil In Southern Sudanese Conflict
...s producing in January 2012, before it shut down the entirety of its crude oil production due to the dispute with Sudan over oil transit fees. The economic futures of South Sudan and its northern neighbor have remained inextricably linked despite their July 2011 break up – especially their oil in...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Qatar Starts Work On Second Ras Laffan Condensate Refinery
...0 2011 Total current products output capacity 457 End-2016 Capacity 603 At Ras Laffan Except *Mesaieed. ^2001 For Cond Splitter. Ras Laffan 2 Products Ou...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
OPEC Output Slides In March On Iraqi, African Outages
...bruary (see table). This is the largest monthly fall since March 2011, when the civil war knocked 1.1mn b/d off Libyan output. The March fall tallies with the latest data from London-based tanker tracker Oil Movements, which put OPEC sailings at around 23.8mn b/d for the four weeks ending 22 March, a ma...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Total Reorganizes E&P Operations, Merges Mideast And North Africa
...0,000 b/d. The company has submitted bids for either a 5% or 10% stake in a new concession, but no decision is expected from current operator ADNOC before early 2015. Total, which has targeted production growth of 3% between 2011 and 2015, assuming an average oil price of $100/B for benchmark grade Br...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Iran Braces For 20-30% Utility Price Hikes
...ify the system eventually failed. IMF: Challenges Ahead The IMF, in its first overview of the Iranian economy since late 2011, says Iran’s near term economic outlook remains subject to downside risks. Progress of recent decades in raising income and living standards stalled as both domestic po...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Turkey: A Hub In The EU’s Future Gas Supply Architecture?
...ason, Azerbaijan sped up the process and rapidly conceptualized the TANAP project to carry future Shah Deniz Phase II gas to Turkey. In December 2011 Azerbaijan and Turkey signed an MOU to establish a consortium to build and operate the pipeline. This initial step was followed by a binding in...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Benchmark Crude Prices ($/B)
...13 2012 2011 WTI 103.40 100.47 100.40 100.48 100.68 98.56 97.54 98...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014