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Gulf Petchems Producers Push Downstream Expansion
...ns) 2010 2011 Saudi Arabia 70 78 Iran 40† 42.7‡ Qatar 10.5 12 Om...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Gulf Petchems Producers Push Downstream Expansion
...ns) 2010 2011 Saudi Arabia 70 78 Iran 40† 42.7‡ Qatar 10.5 12 Om...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Turkey’s EÜAŞ And TAQA Sign Powergen/Mining Deal
...mmissioning the new unit by 2015. TAQA has non-coal power plants in the UAE (Abu Dhabi and Fujairah), Oman, Saudi Arabia, the Kurdistan region of Iraq, the US and Ghana. Its total global power generation capacity in 2011 was 15.413gw. The TAQA spokesperson said that, besides the Turkey project and th...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
AES Jordan Awards Tri-Fuel Plant Contract To Wärtsilä
...avy fuel oil (HFO), distillates or natural gas as fuel. It is scheduled to be operational by July 2014. Jordan’s gas supply from Egypt has been erratic since the overthrow of the Mubarak regime in early 2011, forcing it to keep its options open as it pushes to expand generating capacity. Wä...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Iran Oil Ministry Refutes Export Plunge
...l, oil products and condensate. According to Mr Kateb, for the next Iranian year (21 March 2013-20 March 2014) the Oil Ministry has reportedly forecast exports of approximately 1.5mn b/d, significantly lower than 2011’s 2.2mn b/d. The International Energy Agency (IEA) in its latest monthly oi...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Oman Boosts 2013 Budget Expenditure 29%, Hikes Oil Price Assumption
...velopment projects and OR1.3bn ($3.4bn) earmarked for capital expenditure to boost production in the oil and gas sector. Oman 2010-13 Budgets (OR Mn) 2013 2012 % Change 2011...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Jordan 2013 Budget Targets Projects, But Also Austerity
...mes, with its budget deficit widening as a result of disruptions in the flow of Egyptian gas to the kingdom via the Arab Gas Pipeline (AGP) in the aftermath of the January 2011 revolution. Until then, Jordan had mainly used the gas, which was available at preferential prices, for power generation, but th...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Syria Issues 2013 Budget Law
...r in the country, the issue of a state budget merely appears intended to stress that business is as usual. Also with the sharp depreciation in the official value of the Syrian pound (from $1=S£47 in March 2011 to $1=S£79 currently), coupled with a high inflation rate of over 40%, comparison of the 20...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Kuwait Oil Minister Pushes Refinery Expansion Despite Political Attacks
...rliament cancelled it.” The parliamentary questions suggest that the new parliament may continue the investigations started by previous parliaments into Shell’s $800mn consultancy deal with state-owned upstream firm KOC to help develop northern Jurassic gas fields (MEES, 8 August 2011), and the ca...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Challenges for Libya’s upstream sector
...nvince foreign firms to resume exploration in Libya. Key amongst the issues is the security situation, which links to the political future of Libya. The Return Of Libyan Production The successful return of Libyan oil production has been striking. In June 2011, at the height of the co...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Record Saudi Earnings Boost 2013 Budget Expenditure
...t just budget-to-budget but on actual figures year-on-year. Spending in 2012 saw a large increase from 2011’s levels and is way above budgeted expenditure, raising the issue of fiscal sustainability. “Higher spending could be challenging for fiscal sustainability in the medium- to long-term if there is...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
Sudan Hikes Capacity Despite Continuing Oil Deadlock
...dan’s Vice President ‘Ali ‘Uthman Taha inaugurated another new field – the al-Najma field in South Kordofan state – which in 2011 was projected to produce around 12,000 b/d. Production from the field is expected to begin later this month. This field is located in the adjacent Block 17 license, operated by...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
Gulf Refiners Set For Major Crude Distillation Capacity Boost
...mand is forecast to grow by 1.7mn b/d in 2011-17, while refining capacity additions over the period are expected to be 1.9mn b/d (MEES, 26 October 2012). Saudi Surge The first of the new Middle East mega-refineries, due on-stream this year, is the 400,000 b/d capacity Saudi Aramco To...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
MENA Power Generators Pushed Diversity In 2012
...velopments in the area of Sirri Island. The most conspicuous of Iran’s power projects has been the 1.0gw Bushehr nuclear plant – the region’s first, beginning operation in September 2011. It reached full capacity a year later (MEES, 7 September 2012). The plant was shut down in October 2012 af...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
Buoys Will Be Buoys
...erall, output this year surged over 1.5mn b/d compared to 2011, despite stagnant projections for the Call on OPEC – OPEC itself puts 2012 demand for its crude at 30.12mn b/d compared to 30.07mn b/d the previous year. And with average 2012 basket prices of $109.45/B having outperformed 2011’s $107.46/B, 20...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
Benchmark Crude Prices & Official Iraqi Oil And Gas Data
...v-12 Q4 2012 Q3 2012 2012 2011 WTI 92.92 89.97 88.69 88...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
Libyan Sit-Ins Continue To Hit Output
...arter this year with the company currently waiting for the rig to arrive. The company’s previous well, completed just before the start of hostilities in February 2011 struck significant quantities of oil (MEES, 5 March 2012). ...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
Dana Gas In Egypt Discovery; INA And Apache Expand
...lays of nine months or more during 2011,” company President Rodney Eichler adds. Other Egyptian oil industry figures sounded by MEES, including many who are otherwise highly critical of President Muhammad Mursi, also speak highly of Mr Kamal. Both Mr Eichler and Mr Farris, who is also he...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
Lebanon Unveils Bid Round Schedule
...rtnerships before submitting prequalification bids to the PSA. Lebanese authorities initially indicated that the highly-anticipated first licensing round would be held in October 2011 (MEES, 29 November 2010), though political deadlock and a protracted debate regarding the sectarian makeup of th...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
Iran And Turkmenistan Sign Gas Barter Agreement
...pansion of Turkmen gas exports to Iran. Under the agreement, Turkmenistan will increase its exports to 40mn cmd, from 27-30mn (9.85-10.95 bcm/y) cmd in 2011. According to Ashgabat-based traders Turkmenistan increased its exports to Iran by 10-15% in 2012. Iran uses Turkmen imports to meet de...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013