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The Only Way Is Down For Algeria’s Trade Balance
...cord surpluses of over $20bn for 2011 and 2012 (see table). And MEES analysis suggests that the situation is going to get worse with the country on course to rack up a $20bn deficit for the year as a whole. The collapse of Algeria’s trade balance is inevitable given the slump in global oil pr...
Volume: 58Issue: 35Published at Fri, 28 Aug 2015 -
Saudi Shrugs Off Calls For Action Over Oil Price, Revenue Collapse
...rn Libya (down 88% from 2012), Algeria has seen its revenue halve since last year. Takings are down 60% from their 2011 peak, with volumes as well as prices on the slide (see p6). This points to another way in which these MEES back-of-the-envelope calculations could underestimate the slide in co...
Volume: 58Issue: 35Published at Fri, 28 Aug 2015 -
Iran: Domestic Companies Seek Assurances Ahead Of Oil Opening
...volvement with Iran before sanctions. Besides supplying turbines, the company helped local firm Tuga to build its own turbine manufacturing plant. Before the 1979 revolution, Siemens was Iran’s chosen partner for the Bushehr nuclear power plant, which was completed in 2011 by Russian firms. Ma...
Volume: 58Issue: 34Published at Fri, 21 Aug 2015 -
South Sudan Oil Income Falls, Peace Process Stalls
...ippling $24.1/B to the government of Sudan in return for the use of its oil export infrastructure and in compensation for the oil resources lost by the north, when South Sudan became a separate state in July 2011. In recent months, it has been unable to keep up with these payments. The DPOC lifting pr...
Volume: 58Issue: 34Published at Fri, 21 Aug 2015 -
Israel Delays Key Gas Development Vote
...en its dependence on gas rise, reaching 41.7% of the country’s energy mix in 2014 (see chart), with that due to rise this year to close to 50%. Israel imported gas from Egypt via the Arab Gas Pipeline but that was discontinued in April 2012 in the aftermath of the January 2011 revolution in Eg...
Volume: 58Issue: 34Published at Fri, 21 Aug 2015 -
United States Latest Oil Imports, Exports, Demand (‘000 B/D)
...15 vs1Q15 vs2Q14 2014 2013 2012 2011 2010 CRUDE OIL IMPORTS 7,806 7,487 7,...
Volume: 58Issue: 34Published at Fri, 21 Aug 2015 -
Turkey Crude And Gas Imports
...13 2012 2011 2010 Iraq 245.1 +117.7 127.4 186.6 +93.4 +60.4 10...
Volume: 58Issue: 34Published at Fri, 21 Aug 2015 -
Japan’s Inpex Eyes Iran Return Post-Sanctions
...pan’s biggest supplier in the first six months of 2015 has been Saudi Arabia, followed by the UAE and Russia. These volumes from Iran are well down on pre-sanctions levels however. In 2011, before sanctions on the purchase of Iranian crude oil were introduced, Japanese imports from Iran averaged 31...
Volume: 58Issue: 33Published at Fri, 14 Aug 2015 -
LNG Demand Outlook Looks Bearish As Japan Restarts Nuclear Plant
...t to come under further pressure. The restart of a first reactor at Japan’s Sendai nuclear plant this week marks a key step in the country’s drawn-out efforts to bring back its nuclear fleet, following the March 2011 tsunami and ensuing nuclear crisis. The news is bearish for LNG prices, es...
Volume: 58Issue: 33Published at Fri, 14 Aug 2015 -
JAPANESE LNG IMPORTS 2005-2015
...VOLUME (mn tons) 2005 2006 2007 2008 2009 2010 2011 2012 2013 20...
Volume: 58Issue: 33Published at Fri, 14 Aug 2015 -
Iraq: Key 2Q15 Oil Data (‘000 B/D)
...1H14 1H14 2014 2013 2012 2011 2010 CRUDE OUTPUT: Federal^ 3,591 3,288 3,...
Volume: 58Issue: 33Published at Fri, 14 Aug 2015 -
EU-Algiers Political Efforts Out Of Touch With Market Realities
...e Transmed pipeline averaged around 780mn cfd in Q2 2014, down from 840mn cfd a year ago. This was higher than 632mn cfd in Q1 2015. ALGERIA’S PIPELINE GAS EXPORTS (bcm /y) 2011 2012 2013 20...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
Egypt Signs Deals For CDU, Diesel Units In Push To Meet Rising Demand
...163,000 b/d in 2011 – when the Mubarak regime was overthrown and Egypt’s economy went into decline – diesel output averaged 150,000 b/d in the first five months of 2015, compared with 142,000 b/d in 2014. The recovery in domestic diesel production appears to be keeping the need for imports in ch...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
Libya Looks To Recover Overseas Cash
...rgesse with the aim of garnering support. Post-Qadhafi’s 2011 downfall this has left the LIA with a haphazard portfolio of investments across more than two dozen African countries, mainly in the telecoms, agriculture, mining and hotel sectors. The move against the four countries – Rwanda, Chad, Za...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
Jordan Taps Bumper Aid; IMF Praises Energy Policy
...a downward path. He also said there is a need to implement structural reform geared to job creation, labor market reform and improvement in the business climate. Jordan was badly hurt when the flow of Egyptian gas, which fuelled electricity generation in the kingdom, was severely reduced after the 2011...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015