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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 -
Petroceltic Pares Capex On Lower Prices
...06. Their original development plan called for 20,000 b/d start-up in 2011 ramping up to 36,000 b/d later (MEES, 23 February 2009)....
Volume: 58Issue: 03Published at Fri, 16 Jan 2015 -
Saudi-UAE: The Start Of A Beautiful Relationship?
...rial campaign against the forces of the late Mu’ammar al-Qadhafi in Libya in 2011, became a more visible player in the Libyan civil war last year. When the US inadvertently revealed that UAE fighters had bombed Islamist rebels in Libya from bases in Egypt, it signaled the emergence of a new player in th...
Volume: 58Issue: 03Published at Fri, 16 Jan 2015 -
Qatar Shelves $6.5bn Al-Karaana Project, QP Rethinking Ethane Usage
...rldwide. Shell says Al-Karaana was to be operated as a stand-alone joint venture, with QP holding 80% and Shell 20% of the equity. The partners signed a heads of agreement for the project in December 2011. QP-Shell awarded the Al-Karaana FEED project to US firm Fluor in early 2013. The plan was to produce et...
Volume: 58Issue: 03Published at Fri, 16 Jan 2015 -
Algeria Ignores Storm Clouds With 2015 Budget
...amework should be revamped and fiscal policy should be placed on a more sustainable footing (MEES, 28 March 2014). ALGERIAN BUDGETS: 2011-15 (AD BN) 2015 vs ‘14...
Volume: 58Issue: 03Published at Fri, 16 Jan 2015 -
South Korean Crude Imports: OPEC Maintains 85% Share For 2014 (‘000 B/D)
...South Korean Crude Imports: OPEC Maintains 85% Share For 2014 (‘000 B/D) 2014 2014vs2013 2014vs2008 2013 2012 2011 20...
Volume: 58Issue: 03Published at Fri, 16 Jan 2015 -
US Oil Output Rises 15% To Hit Record 12.7mn B/D In 2014 But Growth Slows In Q4
...13 *2014 ‘000 b/d % 2013 2012 2011 2010 2009 2008 Dec-14* No...
Volume: 58Issue: 03Published at Fri, 16 Jan 2015 -
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: 58Issue: 02Published at Fri, 09 Jan 2015 -
MEES Analysis: Bid Round Offers Century Old Acreage
...illing two dry wells in 2011. Ganope’s previous bid round offered 20 exploration blocks – 11 of which were in the Western Desert – in December 2012. But, amid the then prevailing uncertain investment climate and bureaucratic delays, definitive exploration agreements have only been signed for two, bo...
Volume: 58Issue: 02Published at Fri, 09 Jan 2015 -
Oman Slashes Spending For 2015, But Will More Cuts Be Needed?
...ojected at OR9.16bn ($23.8bn), or 79% of total revenue, level with 2014 but well down on the 85% average for 2011-13. Thus the 2015 budget projects a record deficit of OR2.5bn ($6.5bn), equivalent to 21.6% of revenue and to 8% of GDP (see graph). OMAN’S FINANCES 2006-15 (OR BN)* OM...
Volume: 58Issue: 02Published at Fri, 09 Jan 2015