1. Enigmas Of The Islamic State Of Iraq And The Levant

    ...inly an Iraqi group until its entry into the Syrian conflict. While ISIL was established following the 2003 US occupation of Iraq, it was able to spread quickly and forcefully within the Iraqi Sunni community, spreading its influence in eight provinces, including Baghdad. The 2011 Arab Spring has pr...

    Volume: 57
    Issue: 07
    Published at Fri, 14 Feb 2014
  2. Kuwait Energy Has Breakout Year, Complicated Future

    ...ake gives it 10,500 b/d on a working interest basis, Chilean firm ENAP is operator with 50.5%). Output was close to 18,000 b/d for 2013 as a whole, more than twice 2011 levels. East Ras Qattara production peaked after the second production well came online in 3Q13, falling by about 4.4% between th...

    Volume: 57
    Issue: 07
    Published at Fri, 14 Feb 2014
  3. Egypt: New UAE-Fueled Stimulus Package

    ...d to $3bn.   Regional Aid To Egypt Since 2011 ($Bn) Mursi Rule (2012-13) 12.75 Qatar 6 Saudi Arabia 3.75 Li...

    Volume: 57
    Issue: 07
    Published at Fri, 14 Feb 2014
  4. GCC Single Market Failure: Problems And Solutions

    ...C General Secretariat statistics point to some success in the GCC single market project. In 2011: 13mn GCC citizens traveled within the GCC;  41,000 GCC citizens worked in another GCC country; 16,000 GCC citizens owned real estate in another GCC country; 35,000 licenses for economic activity we...

    Volume: 57
    Issue: 07
    Published at Fri, 14 Feb 2014
  5. South Korean LNG Imports By Country Of Origin 2011-2013

    ...South Korean LNG Imports By Country Of Origin 2011-2013   2013       2013 vs 20...

    Volume: 57
    Issue: 07
    Published at Fri, 14 Feb 2014
  6. Benchmark Crude Prices ($/B)

    ...13 2012 2011 WTI 100.35 97.74 97.24 94.81 97.91 97.54 105.73 98...

    Volume: 57
    Issue: 07
    Published at Fri, 14 Feb 2014
  7. Saudi Arabia Advances Carbon Capture Project

    ...en reluctant to tamper with the energy subsidy and raise prices to both industrial and private consumers, even as it has in the past two years increased spending on infrastructure and social programs, in part as insurance from the ‘plague’ of  the Arab revolution that started in 2011.   Imf: Sa...

    Volume: 57
    Issue: 06
    Published at Fri, 07 Feb 2014
  8. Iran: French Avant-Garde Leads IOC Rush To Return

    ...timates, stood at around 2.75mn b/d last month, down by more than 800,000 b/d on its 2011 average of 3.59mn b/d. Crude exports averaged just over 1.1mn b/d in 2013, representing a 54% drop in shipments relative to 2011. But with the apparent thawing of relations between Iran and the West since Pr...

    Volume: 57
    Issue: 06
    Published at Fri, 07 Feb 2014
  9. Egypt Heads For Gas Deficit

    ...nce the Arab Spring in 2011, allowing for a simmering energy crisis to come to a boil. With three governments in just over three years, a lack of continuity in and concentration on energy policy has failed to address gas price reform and ensure payment to producers – leaving investment far below the le...

    Volume: 57
    Issue: 06
    Published at Fri, 07 Feb 2014
  10. Iraq Hires Big Law Firm To Thwart KRG Export Plans

    ...transport 1.1mn b/d but – even when things have been running smoothly – it has only been operated at around a third of capacity in recent months. For January a mere 190,000 b/d of Iraqi crude was shipped via the Kirkuk-Ceyhan pipeline, down 50,000 b/d on December and down 250,000 b/d on 2011 vo...

    Volume: 57
    Issue: 06
    Published at Fri, 07 Feb 2014
  11. New Kuwait Inquiry Targets GDF Suez, Sumitomo Deal

    ...osecutor, where the case has sat unresolved since 2011. Yet the man who led the charge against the Shell deal, ‘Ali Salih al-‘Umair, was recently appointed Minister of Oil. The al-Zour IWPP is not alone in the latest round of parliamentary scrutiny: also targeted is a $4.4bn deal to purchase 25 new Ai...

    Volume: 57
    Issue: 06
    Published at Fri, 07 Feb 2014
  12. Dana Gas Sees Production But Also Receivables Rise in 2013

    ...bitration.   Dana Gas reported an 8% increase in overall production across its KRG and Egypt asset base, reaching 64,700 barrels of oil equivalent per day (boe/d) in 2013, compared with 2012 levels of 59,800 boe/d. Production in 2013 was still 2.3% lower than the firm’s 2011 net production level. While KRG pr...

    Volume: 57
    Issue: 06
    Published at Fri, 07 Feb 2014
  13. IMF Approves $507Mn Credit To Tunisia

    ...ternal buffers and foster higher inclusive growth, following the economic difficulties and series of external shocks arising after the 2011 revolution. Protracted Transition Commenting on the release of the second tranche, the IMF’s Deputy Managing Director, Nemat Shafik said that “Tunisia is go...

    Volume: 57
    Issue: 06
    Published at Fri, 07 Feb 2014
  14. Jordan’s Budget Challenges: Energy And Refugees

    ...s large deficit, and indicated that it was looking for alternative sources of energy to lower the public debt arising from high energy costs. Prior to the Egyptian revolution of 2011, Jordan generated around 80% of its electricity from Egyptian gas imported at preferential prices. Supplies have si...

    Volume: 57
    Issue: 06
    Published at Fri, 07 Feb 2014
  15. US Shale Gas: A New Option For Japanese LNG Supply

    ...INTERNATIONAL   US Shale Gas: A New Option For Japanese LNG Supply   By-James Jensen   Japan has increasingly been forced, since the 2009 recession, to face severe challenges to its energy and environmental policies. The March 2011 Fukushima disaster placed the fu...

    Volume: 57
    Issue: 06
    Published at Fri, 07 Feb 2014
  16. Benchmark Crude Prices ($/B)

    ...13 2012 2011 WTI 97.84 97.24 95.91 94.81 97.91 97.54 105.73 98...

    Volume: 57
    Issue: 06
    Published at Fri, 07 Feb 2014
  17. World Bank Makes Good On Yemen Support Pledge

    ...vernment has managed to stem the economic contraction caused by the 2011 Arab Spring-related crisis; overseeing a near doubling of Central Bank reserves to $6.2bn, from around $3.7bn posted at the height of the troubles.     Source: World Bank....

    Volume: 56
    Issue: 08
    Published at Tue, 26 Feb 2013
  18. Majors Caught In Gulf Investment Dilemma

    ...5,000 b/d Halfaya project, in which it has an 18.75% stake.   The oil majors’ relatively recent engagement with the KRG – Exxon only signed for its six blocks in October 2011 – mean they are yet to make any commercial discoveries. KRG oil investments come with a very large health warning – the re...

    Volume: 56
    Issue: 08
    Published at Fri, 22 Feb 2013
  19. Gas, Infrastructure Challenges Loom Larger For Baghdad

    ...otests against widespread blackouts in summer forced the sacking of electricity ministers in both 2010 and 2011.   BGC, while still not formally created, has managed to boost gas processing from 250mn cfd to 400mn cfd since the contract was signed in late 2011. It has implemented major training pr...

    Volume: 56
    Issue: 08
    Published at Fri, 22 Feb 2013
  20. UAE Gas Projects Advancing Towards Completion

    ...ring peak summer demand. Subsidized gas prices drive high demand levels:  according to the same report, gas demand in the UAE increased by around 45% in the five-year period between 2006 and 2011.  Since Mr Hamili has ruled out the possibility of raising gas tariffs in the UAE, conservative estimates su...

    Volume: 56
    Issue: 08
    Published at Fri, 22 Feb 2013