- Sort by:
- Score
- Published ▼
-
Egypt Pledges To Pay $1bn To International Oil & Gas Firms
...the tumultuous period that followed the toppling of President Mubarak in February 2011, deteriorating state finances and frequent changes to the political leadership meant that the funding of the energy sector was left neglected. By failing to pay up, the government discouraged IOC investment in...
Volume: 57Issue: 17Published at Fri, 25 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 -
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 -
International Oil Market Developments
...vements, which led to the suspension or huge reduction of exports from countries such as Egypt, Syria, Yemen and even Tunisia. Moreover, conflict between Sudan and South Sudan led to suspension of the latter’s exports. • The tsunami, which hit Japan in March 2011 led to the shutdown of most Ja...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Cyprus Bail-Out Terms Signal Huge Policy Shift For Eurozone Bank Resolution
...en bondholders sued, the courts upheld the Government’s position. Table 1: Assets Of National Banking Systems % National GDP, End 2011 Eurozone 17 Assets of All Banks % GDP Assets of Domestic Banks % GDP Austria 395 29...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Upstream Costs – Do They Justify High Oil Price?
...2007and $111.3/B in 2011 – having fallen back somewhat during the great recession of 2008-09 – has not been a consequence of the rise in production costs and these costs do not support the current oil price levels. Even if the cost of production had reached $100/B, one cannot apply to the oil ma...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Iran’s Economy Facing a Challenging Year
...dden surge in consumer prices, however, is clearly attributable to the drastic plunge in the free market value of the rial—from about $1=IR12,000 in December 2011 to about $1=IR34,000 in recent days. The national currency, which had been distinctly overvalued for years and in desperate need of ad...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013 -
MENA Power Reassessed: Growth Potential, Investment And Challenges
...te, accounts for 43% of MENA total and 53% of the Arab world total (expenditures for nuclear power generation is implicit in the case of Iran and the UAE).4 Table 1: MENA Power Capacity And Investment, 2013-17 2011*Installed Ca...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
Oil Markets In 2012: Calm Or Turbulent Waters?
...e imposition of sanctions and embargoes may still result in a large loss of Iranian output. In December 2011, the US Congress passed a new bill that will apply sanctions to all financial institutions engaging in direct dealings with Iran’s Central Bank – the recipient of Iranian oil export pa...
Volume: 55Issue: 17Published at Mon, 23 Apr 2012 -
US Oil Policy And The WTI-Brent Spread
...the US. As of 2009 the differential has been reversed and widened to around $20/B and even reached $29/B in September 2011. Based on our calculation given ongoing political conditions, the reversed value of this spread could be easily extended to $33/B (including the normal spread of $3/...
Volume: 55Issue: 16Published at Mon, 16 Apr 2012 -
IEF Statement: Extraordinary IEF Ministerial Meeting
...February 2011 in a historic Extraordinary IEF Ministerial Meeting to approve and sign the IEF Charter, discuss current and future energy marketsand celebrate the 20th anniversaryof the producer-consumer dialogue that started in 1991 in Paris, France. The IEF charter marks a new era of in...
Volume: 54Issue: 16Published at Mon, 18 Apr 2011 -
OPEC's Response To Currency Conflicts
...asons for maintaining its current production. 4 These reasons include expectation of lower demand growth in 2011 than in 2010 coupled with the fragility of global economic recovery, and especially fears of a second banking crisis in Europe, all of which would negatively impact on oil demand and ma...
Volume: 54Issue: 14Published at Mon, 04 Apr 2011 -
Condensate Expansion East Of Suez Boosted By Increased Gas Development
...tlook, 2010-15 ('000 B/D) 2010 2011 2012 2013 2014 2015 Iran 624 686 729 783 807 873 Iraq 92 142 167 219 285 319 Kuwait 87 92 105 110 114 11...
Volume: 53Issue: 16Published at Mon, 19 Apr 2010 -
Concluding Statement Of The 12th International Energy Forum
...oking forward to the second NOC-IOC Forum in 2011, it was suggested to attempt to draw up IEF general principles or guidelines on NOC-IOC cooperation, based on best practices around the world, as a possible concrete tool to facilitate this cooperation. Where uncertainty is caused by industry’s pro-cy...
Volume: 53Issue: 16Published at Mon, 19 Apr 2010 -
Stirring The Blends
...2 1,099 2009 634 562 975 2010 528 510 850 2011 451 463 745 2012 364 389 618 Table 2 Cargoes Per Year Forties Flotta To...
Volume: 50Issue: 17Published at Mon, 23 Apr 2007 -
Looking Beyond Petroleum: A Stronger Case For Economic Diversification In MENA Region
...ices 2005 Avg Base Price Expected Annual Escalation Annual Escalation Needed To Unify ($/Mn BTU) During 2007-11 (%) Prices to $1.50/Mn BTU In 2011 (%) Algeria 0.65 3.0 18.2 Egypt 1....
Volume: 50Issue: 15Published at Mon, 09 Apr 2007