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Unlocking the East Med Energy Potential: A Vision for the Future
...scovered in 2011, appear to have hit a roadblock as the US major continues to buy for time with a 31 March deadline looming. Next door in Israel, just 30km away, Chevron is also faced with a conundrum – how to expand output at the 23tcf Leviathan field. The options in front of it appear problematic to sa...
Volume: 67Issue: 08Published at Fri, 23 Feb 2024 -
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: 57Issue: 07Published at Fri, 14 Feb 2014 -
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: 57Issue: 06Published at Fri, 07 Feb 2014 -
An Evaluation of EU-Russian Energy Relations - A Policy Perspective
...ices has coincided with lower gas demand. With the continued Eurozone debt crisis damaging economic recovery, oil-indexed pricing is coming under increasing pressure. In 2009 Statoil reduced oil indexation to 75% in its contracts, compared with Gazprom’s 85% in 2011. If Statoil again re...
Volume: 56Issue: 08Published at Fri, 22 Feb 2013 -
Examining The CBI-Iraq Government Conflict – A Focus On Forex
...ccess to secure loans from the CBI to finance a possible deficit in the budget. (Article 26 of the CBI Law prohibits lending to the government.) Since then, efforts to limit the bank’s independence resulted in a decision by the High Federal Court in January 2011 to subordinate the CBI and other in...
Volume: 56Issue: 06Published at Fri, 08 Feb 2013 -
The US Economic Recovery Can Weather $100/B Oil, But Maybe Not $120/B
...ems, traveling, eating in restaurants – to free up money to pay for gasoline, diesel and heating oil. The typical American household spent $4,155 or 5.7% of its budget on gasoline in 2011. If higher oil prices continue and the consumer is not able to adapt, reduction in spending on non discretionary go...
Volume: 55Issue: 09Published at Mon, 27 Feb 2012 -
IEA’s World Energy Outlook: Review And Discussion Of MENA Deferred Investment Case
...vember 2011, the International Energy Agency (IEA) released its annual World Energy Outlook (WEO).1 This 660-page report provides analyses and insights into energy demand, production, trade and investment for the next 25 years. It further highlights the implications of a possible delay in upstream in...
Volume: 55Issue: 08Published at Mon, 20 Feb 2012 -
Oil Market In The Absence Of An OPEC Controlling Mechanism
...ficial view of the ministry. OPEC, at its 160th meeting of conference on 14 December 2011 held in Vienna, Austria, decided to set its production at 30mn b/d from the beginning of 2012. The OPEC press release emphasized that the agreed amount will include the production of Libya now and in future and in...
Volume: 55Issue: 07Published at Mon, 13 Feb 2012 -
Iraq’s Power Crisis And The Need To Re-Engage The Private Sector – Smartly
...aqi household with power for only four to five hours on any given day. How Bad Is The Problem? Despite some additions to capacity over the past decade, demand for electricity in Iraq has been outstripping supply. At an extreme, in July 2011 the peak demand was reportedly over 14.0gw.2 Iraq’s in...
Volume: 55Issue: 06Published at Mon, 06 Feb 2012 -
Egypt’s Economic Woes Compounding: There Is A True Need For Change
...oting the article: “The oil that Egypt exports provides funds for the subsidies that it offers, so reduced exports mean less funds are available for subsidies.” The article predicts that in 2011 Egypt will change from an oil exporting country to an oil importing country. The final outcome is th...
Volume: 54Issue: 07Published at Mon, 14 Feb 2011 -
A Tentative Forecast For Iraq’s Oil Production 2010-20
...enario is indicative: Iraqi Oil Production (Mn B\D) 2010 2011 2012 2013 2014 2015 2016 2.7 3.0 3.5 4.0 4.5 5.5 7.8 These figures are based on achieving the plateaus in the giant fields in the first licensing round as we...
Volume: 53Issue: 06Published at Mon, 08 Feb 2010 -
Statement By The IMF Representative At The International Donors’ Conference For Lebanon, Paris 25 January 2007
...licy measures has been evaluated in a medium-term scenario by IMF staff. The scenario confirms the authorities' own estimate that fiscal adjustment, electricity sector reform, and the planned partial privatization could bring down the debt ratio to under 150% in 2011, from 188% in 2006. Most of the re...
Volume: 50Issue: 06Published at Mon, 05 Feb 2007