- Sort by:
- Score
- Published ▼
-
Iran Return Sends Prices, Revenue Into The Deep Freeze
...mped up estimates of by how much and how quickly Iran can ramp up production and exports. MEES estimates that Iran produced 2.89mn b/d in December, little changed from average 2014 and 2015 levels but 700,000 b/d down on 3.6mn b/d 2011 volumes. Exports last year remained rangebound at 1....
Volume: 59Issue: 03Published at Fri, 22 Jan 2016 -
Libya: IS Attacks Continue, As Does Uncertainty Over Unity Government
...cording to Mr Sanalla, down from more than 600,000 b/d in March 2015, and 1.6mn b/d prior to 2011. The 155,000 b/d Brega port and the 150,000 b/d Hariga port, near Tobruk, are among only three operational export terminals in the country. The third is the Mellitah terminal in the northwest. Me...
Volume: 59Issue: 03Published at Fri, 22 Jan 2016 -
Iran Cuts 2016-17 Budget In Real Terms Despite Expected Boon Of Sanctions Relief
...cause it focusses more on the issue of defense and security. It reportedly allocates nearly $40bn over the plan period to upgrade Iran’s military capabilities in order to deal with regional volatility. IMPORTERS OF IRANIAN CRUDE 2011-2015 (MN B/D) ...
Volume: 59Issue: 03Published at Fri, 22 Jan 2016 -
Oman, Bahrain, Qatar Follow Saudi In Hiking Fuel Prices
...ve been widely domestically criticized. Independent MP Jamal Dawud said that “the decision will make the poor poorer.” Meanwhile, the main Shia political bloc Al-Wifaq, that has boycotted parliament since 2011, said the decision” reflects a futile and impromptu management of economic policies in the ki...
Volume: 59Issue: 02Published at Fri, 15 Jan 2016 -
Sinai Instability Headache For Regional Pipeline Plans
...peline south of Arish, in the north of Egypt’s lawless Sinai Peninsula. The pipeline linking Egypt with Jordan (and in theory Syria and Lebanon) has been the target of militants on more than 30 occasions since 2011. Though Egypt was contracted to supply 250mn cfd, no gas has reached Jordan si...
Volume: 59Issue: 02Published at Fri, 15 Jan 2016 -
Shell, Iran Clear Debt
...troleum Contract (IPC - MEES, 4 December 2015). The debt stems from purchases of Iranian crude in 2011 and 2012 for which Shell was unable to pay due to the imposition of fresh sanctions in 2012. In the firm’s 2012 annual report, it said that “Currently, we have approximately $2,336 million pa...
Volume: 59Issue: 02Published at Fri, 15 Jan 2016 -
Saudi-Iran Fracas Ratchets Up Regional Tension, Oil Output Likely To Rise
...s on fire on 6 January. However, neither the protests nor security crack-down have as yet been on the same scale as in 2011. It was for his alleged role in orchestrating these 2011 Shia protests that Shaikh Nimr was arrested in 2012 and sentenced to death in 2014. REGIONAL SUPPORTERS WEIGH IN...
Volume: 59Issue: 01Published at Fri, 08 Jan 2016 -
Libyan Security From Bad To Worse As IS Trashes Oil Facilities
...ternationally recognized government in Baida, citing security concerns. Capacity at the terminals has been significantly eroded during the conflict that has followed the removal of former leader Mu’ammar al-Qadhafi in 2011. LIBYA: KEY OIL INFRASTRUCTURE KNOWN THREAT The IS threat to oil fa...
Volume: 59Issue: 01Published at Fri, 08 Jan 2016 -
Iran’s Rohani: A Mid-Term Report
...cession has returned, and attributed it to the continuation of international economic sanctions and the decline in annual oil export revenues from $119bn in 2011 to an estimated $25bn in 2015 – the lowest in 10 years. Subsequently, in a scenario that appeared suspiciously pre-arranged and intended to pr...
Volume: 59Issue: 01Published at Fri, 08 Jan 2016 -
Accusations Fly Over South Sudan Oil Field Attack
...timates pegging production at between 160,000 and 170,000 b/d. This is just under 70% of the 245,000 b/d being pumped pre-conflict, and less than half of what it was producing in late 2011, just months after gaining independence from Sudan. NO DIRECT HIT But despite the attack, the country’s cu...
Volume: 58Issue: 05Published at Fri, 30 Jan 2015 -
Egypt Nears 250MW Gulf Of Suez Wind Farm Tender
...vernment has also held talks with the World Bank over finance for the project. Egypt’s wind power program has been derailed by recent political turmoil following the Arab Spring and subsequent overthrow of the regime of Husni Mubarak in early 2011. So far NREA has developed a 5MW wind farm at Hurghada an...
Volume: 58Issue: 05Published at Fri, 30 Jan 2015 -
Shell LNG To Jordan Expected In July
...ports around 96% of its energy needs, continues to face a gas crunch, following the disruption, and eventual suspension, of gas supplies from Egypt after the January 2011 revolution. Jordan had a contractual agreement with Egypt to import around 250mn cfd of gas via the Arab Gas Pipeline (AGP). Repeated at...
Volume: 58Issue: 05Published at Fri, 30 Jan 2015 -
New Saudi King Makes His Mark With Wide Cabinet Reshuffle
...st since 2011. Although there is no serious internal threat to the kingdom’s relative stability, despite known sympathy by Saudi youth for the Jihadists — thousands of Saudi youths have joined the Islamic State (IS) in Syria, despite being designated a terrorist organization by Riyadh — the ap...
Volume: 58Issue: 05Published at Fri, 30 Jan 2015 -
Syria’s Economic Woes Only Set To Intensify
...oduction in the government-controlled areas in 2014 slumped to 9,329 b/d, the Syrian Minister of Petroleum and Mineral Resources Sulaiman al-‘Abbas announced this week. This output is a mere 2.4% of average production of 385,000 b/d before the start of the uprising in March 2011 (MEES, 8 August 2011). In th...
Volume: 58Issue: 05Published at Fri, 30 Jan 2015 -
Lebanon Plans $1Bn Eurobond
...banon’s finances are over-stretched as it struggles to cope with the influx of some 1.5mn Syrian refugees who fled their war-torn country since early 2011. International aid to help these refugees has been minimal, and the cost of hosting them is mounting. The political impasse and spillovers from the Sy...
Volume: 58Issue: 05Published at Fri, 30 Jan 2015 -
India Scrambles To ‘Correct’ Iran Crude Imports Ahead Of Obama Visit
...er Iran’s nuclear program. China is the biggest buyer of Iranian oil, taking 548,000 b/d for 2014, up 120,000 b/d on 2013 and just short of 2011’s record volumes of 554,000 b/d (see p19). Mr Obama has no plans to visit China any time soon. ...
Volume: 58Issue: 04Published at Fri, 23 Jan 2015 -
MENA Youth Unemployment Chronic-ILO
...r 2015, this “will not be sufficient to reduce the persistently high unemployment rates.” ARAB SPRING HANGOVER The MENA region has yet to recover from 2011’s ‘Arab Spring’ political instability. The MENA region’s average unemployment rate rose to 11.6% in 2011 from 10.8% for 2010. Yo...
Volume: 58Issue: 04Published at Fri, 23 Jan 2015 -
Egypt To Tap Bond Market
...rrowing, given that Egypt has been absent from the debt market since the January 2011 overthrow of Husni Mubarak. The dollar-denominated issue will likely be split into two tranches – one for 10 years and the second for a longer period finance ministry official Hanan Salim told Reuters. “This will be Eg...
Volume: 58Issue: 04Published at Fri, 23 Jan 2015 -
Saudi Arabia Official Crude & Products Output, Consumption And Trade Figures, November 2014 (‘000 B/D)
...g-14 Jan-Nov14 vs2013 vs2009 2013 2012 2011 2010 2009 Crude Production 9,610 -80...
Volume: 58Issue: 04Published at Fri, 23 Jan 2015 -
China Sees Record 3.22mn B/D Mideast Crude Imports In 2014 But Saudi Volumes Slump (‘000 B/D)
...2010 2014 kb/d % kb/d % 2013 2012 2011 2010 2009 2008 De...
Volume: 58Issue: 04Published at Fri, 23 Jan 2015