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Benchmark Crude Prices ($/B)
...12 2011 WTI 93.96 97.19 97.52 102.36 105.13 103.00 98.56 98.03 94...
Volume: 57Issue: 34Published at Fri, 22 Aug 2014 -
Kurdistan Grapples With ISIS Threat; Oil Output Steady For Now
...reign oil companies, including ExxonMobil, whose entry into Iraqi Kurdistan in 2011 gave the KRG a claim of legitimacy that the smaller independents could not provide. Evacuations Continue But with evacuations of foreign staff underway by several of the more than 50 operators in the Kurdish oil se...
Volume: 57Issue: 33Published at Fri, 15 Aug 2014 -
Israel Upgrading Power Plants To Exploit Natural Gas Reserves
...wnward trend (see graph). Israel has been slowly phasing out the use of both in power plants since 2008 when it began importing Egyptian gas. The sharp downward trend – gasoil consumption alone halved in 2009 – was temporarily sent into reverse in 2011 and 2012, when Egypt first reduced shipments and th...
Volume: 57Issue: 33Published at Fri, 15 Aug 2014 -
Jordan Advances Solar Plans In Restive Southern Deserts
...the wake of 2011 regional unrest – is in talks to finance several smaller PV plants in the Ma’an area through loan packages. The three projects, totaling 40 MW, are being developed by Norway’s Scatec Solar and the European Jordanian Renewable Energy Projects company. The EBRD says that it may pr...
Volume: 57Issue: 33Published at Fri, 15 Aug 2014 -
Pressure Eases As Yemen Secures Long-Awaited Loan
...y oil and gas infrastructure has been regularly targeted by Islamic militants and tribesmen alike, since the start of anti-government protests in 2011. The protests, and the eventual ouster of President Salih the following year, left a power vacuum in the state that militants have since been looking to...
Volume: 57Issue: 33Published at Fri, 15 Aug 2014 -
Saudi Set For $28bn 2014 Surplus
...13 2012 2011 2010 2009 Actual* vs13% Bud. Actual Bu...
Volume: 57Issue: 33Published at Fri, 15 Aug 2014 -
Jordan: $1bn Eurobond
...F-backed economic reforms which are aimed at reducing state subsidies. Until 2011 Jordan received cheap Egyptian gas; but Egypt no longer has enough gas for export. Meanwhile fighting between ISIS Jihadists (now IS) and Baghdad in Iraq’s Anbar province bordering Jordan put an end to the import of...
Volume: 57Issue: 33Published at Fri, 15 Aug 2014 -
Benchmark Crude Prices ($/B)
...13 2012 2011 WTI 95.58 97.52 99.79 102.36 105.13 103.00 98.56 98...
Volume: 57Issue: 33Published at Fri, 15 Aug 2014 -
Egypt Receivables Hit Record $7.5bn
...riod. ^Petronas Numbers Are Estimated Based On Those For Partner BG. Source: Company Reports And Filings, MEES Calculations. ENI Egypt Production (Net) 2010 2011 2012 20...
Volume: 57Issue: 32Published at Fri, 08 Aug 2014 -
Oman Retenders Five Exploration Blocks
...ly virgin block. Block 18, located in the North Sohar basin, was previously awarded to India’s Reliance Industries in a 2005 exploration and production sharing agreement. The Indian company relinquished the block in 2011 when its contract expired after failing to discover what it termed significant pr...
Volume: 57Issue: 32Published at Fri, 08 Aug 2014 -
Confusion Reigns As Iran Denies Russia Oil Deal Reports
...anian oil exports are down by more than 1mn b/d on average over the past 12 to 16 months, relative to 2011 levels, on the back of international sanctions placed on it on account of its nuclear program (MEES, 1 August). Given Russia’s place among the P5+1 group of world powers currently in ne...
Volume: 56Issue: 32Published at Fri, 08 Aug 2014 -
Benchmark Crude Prices ($/B)
...13 2012 2011 WTI 97.34 99.79 102.85 102.36 105.13 103.00 98.56 98...
Volume: 55Issue: 32Published at Fri, 08 Aug 2014 -
Iran Oil Sales Slide In June, But Still In The ‘Red’
...eir implementation some two years ago, slashing the country’s main source of revenue. Latest OPEC estimates put the value of Iranian oil exports in 2013 at just $61.9bn, down a huge 39% on $101.5bn in 2012, which itself was well down on $114.8bn in 2011 (MEES, 25 July). Iran and the P5+1 group of wo...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
Algeria Sacks Sonatrach CEO Zerguine
...mpany.” Mr Zerguine took charge of Sonatrach in September 2011, and presided at a turbulent time over the Algerian energy sector. Falling oil and gas output was compounded in January last year by the terrorist attack on the In Amenas gas plant, during which 40 workers lost their lives and production at th...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
Abu Tabul Commissioning To Kick Start Oman Gas Boost
...isting Omani gas pipeline grid at Saih Nihayda. From there, the gas can be sent directly to Sur, the location of Oman’s three gas liquefaction trains. At the signing of the original gas sales agreement in October 2011, OOCEP pledged to invest in excess of $1bn for the first phase development of the fi...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
AES/Mitsui Start Up 240MW Jordan Tri-Fuel Plant
...s a key factor in selecting technology for the second project. Before the Mubarak regime collapsed in 2011, Jordan relied on Egyptian gas for around 70-80% of its power generation fuel. But gas supply then became increasingly unreliable, comprising less than 20% of fuel burned in 2012, according to Ne...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
End Of OPEC’s Revenue Golden Age?
...)* 2013 vs 12 2013 vs 08 2013 vs 03 2008 2009 2010 2011...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
Libya: Anarchy Entrenched As Fighting Continues
...uld be a first step towards strengthening central government in the aftermath of the 2011 revolution that toppled Mu’ammar al-Qadhafi. The despot left behind few state institutions that could be used as the basis for a functioning government; instead power quickly fell to the disparate militia groups th...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
Morocco Bags IMF, EU, Qatari Cash
...s *INDIRECTLY, THROUGH PUBLIC TRANSPORTATION. **REDUCED IN THE CASE OF DIESEL. SOURCE: IMF. €890MN EU Grant The EU will grant Morocco €890mn over 2014-17 “to advance growth in the Moroccan economy” as part of its European Neighborhood and Partnership Instrument. For the previous period of 2011...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
Egypt To Extend Gas Grid With World Bank Help
...in 2011, Tunisia appears to be moving towards more liberal forms of governance and more citizen participation. “Tunisia has embarked on the historic task of reorganizing the way decision making in response to citizen needs and priorities is distributed, putting decentralization at the heart of its ne...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014