Petchems To Dominate MENA 2016 Downstream After 2013-14 CDU Boost

...PC to speed up plans to expand refining capacity and in particular upgrading. While Egypt is pushing a number of large and small-scale refining projects, investment momentum is still rebuilding after a lull from 2011 until last year. In 2016 only one Egyptian project is scheduled for co...

Iran Seeks To Reclaim Former Markets In 2016

...mpeting directly for buyers with their medium and heavy sour crude grades in Europe, which imported 595,000 b/d of Iranian crude on average in 2011, the last full year before the European embargo was implemented. In Asia, Iran’s largest market even before sanctions (see chart, p16), the impact of this ti...

The MENA Region’s Vulnerability: A Geo-Economic Outlook

...portunities of success for all participants. But that will require a decisive, collective political will on the part of the prevailing leadership, and moves towards the inclusion of Morocco and Jordan have largely stalled since mooted in 2011. Otherwise, the alternative is, quite simply, bleak.  UN 2015 HU...

Libya: No More Than A Glimmer Of Hope

...Foreign powers hope a nascent peace deal in Libya will be a prelude to concerted action against IS. But the omens for success do not look good. As Libya approaches five years since the uprising began that culminated in the removal of long-time leader Mu’ammar al Qadhafi in 2011, there has be...

Importers Of Iranian Crude 2011-2015 (MN B/D)

Prices Hit 11-Year Lows With No Sign Of A Reprieve

...erage imports from Iran of 120,000b/d for the first 11 months of 2015, this year is on target to be the lowest for at least a decade: last year South Korea imported 125,000 b/d from Iran; volumes were twice as much (248,000 b/d) in 2011 before sanctions intensified (see graph). The IEA’s latest mo...

Libya: Fragile Peace Leaves Many Questions Unanswered

...volved in fighting in Libya since the ousting of Muammar al-Qadhafi in 2011. A political agreement is a crucial part of securing a lasting peace in Libya, but the two governments have far from complete control over the patchwork of militias involved in the conflict, whether or not they have declared al...

Algeria Looks May Trim Refining Plan Further As Reduced Export Revenues Bite

...made clear to industry players operating in Algeria. Boosting Algeria’s refining capacity is of strategic importance for the government. Firstly, because of rocketing domestic demand for transport fuels, Sonatrach has had to import both gasoline and diesel since 2011, with volumes reaching pe...

South Sudan Oil Output Hike Remains A Distant Prospect

...mpletely.   Oil production in South Sudan in 2015 has averaged about 148,000 b/d, according to figures from the Ministry of Petroleum, Mining and Industries, down from about 220,000 b/d before the outbreak of civil war in December 2013, and more than 400,000 b/d prior to South Sudan’s independence in July 2011...

Egypt Inaugurates 200mw Gebel El Zeit Wind Farm

...vestment Bank provided a further €50mn and the European Commission €30mn. The project was slowed by the 2011 ‘Arab Spring’ uprising and subsequent political turbulence, a Ministry of Electricity and Energy official told reporters. Project go-ahead was given in late 2008 and the financing deal was co...

US Oil Output, Imports, Exports, Demand: Q3 Oct & Nov 2015 (‘000 B/D)

...15 1Q15 4Q14 2014 2013 2012 2011 CRUDE OIL IMPORTS 7,355 7,188 7,222 -41...

Crude Official Selling Prices ($/B)

...15 1Q15 4Q14 2014 2013 2012 2011 CRUDE OIL IMPORTS 7,355 7,188 7,222 -41...