1. Suez Canal Boosted By Oil Trade Records

    ...re substantial than those in the opposite direction. But, as the surge in exports of crude, NGLs and oil products from the US (MEES, 5 January) boosts Atlantic Basin supplies, the gap is closing. •  Northbound shipments accounted for 65% of gross Suez Canal oil transit volumes as recently as 2011...

    Volume: 61
    Issue: 03
    Published at Fri, 19 Jan 2018
  2. Key Middle East Producers Ease Off Drilling Going Into 2018

    ...00 2005 2010 2011 2012 2013 2014 2015 20...

    Volume: 61
    Issue: 02
    Published at Fri, 12 Jan 2018
  3. Libya’s 2017 Energy Fortunes: Good-Ish News On Oil, Less So On Gas As Instability Continues

    ...CRUDE OUTPUT HAS REBOUNDED TO A 4-YEAR HIGH, AVERAGING 950,000 B/D SINCE JULY (‘000 B/D)...   ...THOUGH AN END-YEAR DIP WITH AN ATTACK ON A KEY PIPELINE* IS INDICATIVE OF CONTINUED INSTABILITY   GAS EXPORTS^ FELL TO THE LOWEST LEVEL SINCE THE REVOLUTIONARY YEAR OF 2011...

    Volume: 61
    Issue: 01
    Published at Fri, 05 Jan 2018
  4. Suez Canal Handles Record Gulf Crude, Diesel But Revenues Down In 2016

    ...ddle East saw record crude output and exports in 2016. The region’s six Opec members produced a collective record 24.6mn b/d (MEES, 6 January). Iraq’s southern exports hit a record 3.29mn b/d up 400,000 b/d on 2015; Iran’s exports of 1.96mn b/d (to November) were the highest since 2011 and almost 80...

    Volume: 60
    Issue: 03
    Published at Fri, 20 Jan 2017
  5. Sharara Restart Pushes Libyan Output Close To 700,000 b/d

    ...er 60,000 b/d. The terminal was loading close to 9mn barrels a month (nearly 300,000 b/d) when it was last operational in late 2014. As yet there has been no confirmation that the Elephant field has begun production as NOC claims. Sharara operated with limited losses for three years from late 2011...

    Volume: 60
    Issue: 01
    Published at Fri, 06 Jan 2017
  6. Suez Canal Oil Transit Hits 2015 Peak But Revenues Fall

    ...s demand across Europe as a whole has fallen significantly in recent years, so that northward LNG transit was far short of the 37.98mn tons record of 2011. LPG transit northwards continued to decline, falling over 42% to 299,000 tons. One factor is Gulf LPG producers increasingly directing their ou...

    Volume: 59
    Issue: 04
    Published at Fri, 29 Jan 2016
  7. 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: 59
    Issue: 02
    Published at Fri, 15 Jan 2016
  8. 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: 58
    Issue: 05
    Published at Fri, 30 Jan 2015
  9. 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: 58
    Issue: 04
    Published at Fri, 23 Jan 2015
  10. Oil Price Slide Exposes Flaws In Juba-Khartoum Transit Fee Deal

    ...ound $80/B on average for its oil exports – once taking into account Sudan’s share, and the discounts at which its two export grades Dar and Nile Blend are sold. The South Sudan Development Plan 2011-13 released in August 2011 set an oil price assumption of Brent minus $2/B for its Nile Blend ex...

    Volume: 58
    Issue: 02
    Published at Fri, 09 Jan 2015
  11. Jordan Left With Few Gas Options After BP Abandons Risha

    ...an. Yet, a severely limited set of options may force Jordan to look seriously at Israeli gas import proposals going forward. Until January 2011, Jordan depended on Egyptian gas supplies via the Arab Gas Pipeline (AGP). Contracted volumes called for 250mn cfd of exports to Jordan to supply power st...

    Volume: 57
    Issue: 04
    Published at Fri, 24 Jan 2014
  12. Kurdish Oil Heads North But Not Yet To Sea

    ...aq to help us sustain the target production level beyond 2020,” Maersk Oil CEO Jakob Thomasen says. Maersk has been present in the KRG’s Sarsang block since 2011 with its 30% shareholding of HKN Energy. Exploration activity still dominates the scene in the north, though 2014 is expected to be...

    Volume: 57
    Issue: 03
    Published at Fri, 17 Jan 2014
  13. KRG Finalizes Marketing For End-January Independent Crude Exports

    ...red to the KRG due to the more attractive terms on offer when compared to the low returns of Baghdad’s long-term service contracts. ExxonMobil, which signed PSCs with the KRG for six blocks in 2011 despite the threat of expulsion from southern Iraq, has started drilling operations at its Pirmam bl...

    Volume: 57
    Issue: 02
    Published at Fri, 10 Jan 2014
  14. Fujairah To Cement Role With Major Storage Expansion

    ...ong the new breakwater to include VLCC jetties to accommodate what he predicted was a tripling of oil storage capacity at Fujairah between 2011 after it had doubled in the past two years. VTTI also operates the 80,000 b/d Fujairah Refinery, which processes crude oil and condensates....

    Volume: 57
    Issue: 01
    Published at Fri, 03 Jan 2014
  15. South Sudan Looks To Alternate Export Routes

    ...uth, and East Darfur in the North, which has proved a major sticking point in talks thus far. Khartoum claims the area as Sudanese land and in September 2012 demanded it to be excluded from the demilitarized zone.)   South Sudan broke away from Sudan in July 2011, taking with it around three qu...

    Volume: 56
    Issue: 04
    Published at Fri, 25 Jan 2013
  16. Iran Exports To China, India and South Korea Fall In 2012

    ...y not however be wholly attributable to the effect of international sanctions.   Although Chinese imports declined in 2012 by almost 21% to 441,000 b/d compared to 557,000 b/d in 2011, the reduction may be primarily the result of a price dispute between the National Iranian Oil Company (NI...

    Volume: 56
    Issue: 04
    Published at Fri, 25 Jan 2013
  17. Suez Canal Traffic

    ...v-12 Oct-12 2012     Change vs 2011 2011 South-North '000t '000t % '000t '000t '00...

    Volume: 56
    Issue: 04
    Published at Fri, 25 Jan 2013
  18. Turkish-Qatari Gas Talks Stall As Balkan LNG Terminal Discussed

    ...ng-term gas supply contract that would help Turkey further limit its import dependence on Iranian gas. Turkey covered around 16% of its final gas demand from Iran last year according to recently published statistics from the International Energy Agency. In 2011 Iran exported 8.4 bcm to Turkey, making it...

    Volume: 56
    Issue: 03
    Published at Fri, 18 Jan 2013
  19. Algeria Set For LNG Capacity Hike

    ...geria’s core European customers (notwithstanding Turkey’s plans to at least maintain current volumes – see below).   For 2011 Algeria exported LNG equivalent to 17.3bcm of gas, less than half Sonatrach’s claimed 42bcm/y liquefaction capacity and down more than 10% on 19.3bcm for 2010, which in tu...

    Volume: 56
    Issue: 02
    Published at Fri, 11 Jan 2013
  20. Qatargas Seals First Long-Term South-East Asian LNG Supply Deal

    ...15. “This is a momentous occasion for us, as this is the first long-term agreement for Qatargas in South-East Asia [notwithstanding the preliminary deal with Malaysia’s Petronas in 2011], and our first term contract with PTT,” said Qatargas CEO Khalid bin Khalifa Al Thani, who was present at the si...

    Volume: 56
    Issue: 01
    Published at Fri, 04 Jan 2013