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Kuwait, Saudi Spat Over Neutral Zone Heats Up
...olation of the bilateral agreement, he adds. He also says that work to cut emissions had begun in 2011 and was due to be completed in 2017. Mr ‘Umair says in the letter that the Kuwaiti side had suggested to the Saudis that production resume at Khafji at a reduced rate of 100,000 b/d, but that the Sa...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
Iran Gets The Show On The Road For Contract Launch
...owth has been considerably slower than expected: Crude oil production in Iran is currently running at around 2.8mn b/d, down on 3.6mn b/d in 2011; while gas production growth has only really picked up over the past 12-15 months (MEES, 13 March). And with this roadshow, Iran is hoping to lure some of...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
Algeria’s Upstream Challenges In Four Graphs
...emingly written earlier) 2014 report says “the engineering, acquisitions, construction and preparation to have [BMS] operating will be completed in the first half of 2015, and first production is expected around July.” Again, production appears to have not yet begun. Cepsa has since 2011 been owned by Abu Dh...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
New Suez Canal Begins Testing Ahead Of 6 August Grand Opening
...1H14 1H14 2014 2013 2012 2011 Oil Total 8,427 6,934 6,857 22,218 +13...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
Syria: Territorial Disintegration Looms As Conflict Enters New Stage
...r deserters and draft dodgers, apparently to boost numbers in his conscription army. According to the anti-regime British-based Syrian Observatory for Human Rights, there are some 70,000 draft dodgers in government controlled areas alone. Since the beginning of the civil war in March 2011, the Sy...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
Libya Oil: A Write-Off?
...mar al-Qadhafi in October 2011. Despite the political turmoil, BP made several efforts to pursue the development of its business in Libya, which consists entirely of exploration assets. In 2012, the company dusted off its plans and held two major tenders: the first, for contractors to work on its pl...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
Algeria Ducks Decisive Action With Supplementary 2015 Budget
...14 trade surplus of $4.3bn was already the lowest since 1998 and compares to a surplus of over $20bn for 2011 and 2012 (see graph). Forex reserves fell to $159.9bn at end-March 2015, down from $178.9bn at end-December 2014, according to Algerian Customs. In the revised budget, Algeria has lo...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
Korea Cuts Buying Of Gulf LNG Despite Price Collapse
...igh on hub and spot prices. SOUTH KOREAN LNG IMPORTS BY COUNTRY OF ORIGIN Volume (mn tons) 2008 2009 2010 2011 2012 2013 20...
Volume: 58Issue: 30Published at Fri, 24 Jul 2015 -
Another Summer Of Discontent For Iraq’s Basra Amid Power Shortages
...s Company with 51% and Japan’s Mitsubishi with 5%. IRAQ GAS PRODUCTION (MN CFD) 2009 2010 2011 2012 2013 2014 Ja...
Volume: 58Issue: 30Published at Fri, 24 Jul 2015 -
In Search Of Iran’s Market Share
...wn Iran’s ‘lost’ market share. Overall, Iran’s crude exports are down by about 1.2mn b/d since 2011 after the US and EU ramped up sanctions in early 2012. SAUDI STRUGGLE The obvious first place to look for Iran’s market share is across the Gulf in Saudi Arabia. The kingdom posted all-time re...
Volume: 58Issue: 30Published at Fri, 24 Jul 2015 -
China Crude Imports Hit Record In 2q15 (‘000 B/D)
...JULY 2011 BUT WAS STILL INCLUDED IN THE ‘SUDAN’ NUMBERS UNTIL JUNE 2013. SOUTH SUDAN 2013 FIGURE IS FOR 2H13. CHINA’S TOP CRUDE SUPPLIER: RUSSIA OVERTAKES ANGOLA AS NUMBER 2 (‘000 B/D)...
Volume: 58Issue: 30Published at Fri, 24 Jul 2015 -
South Korean Crude Oil & Condensate Imports, ‘000 B/D: Saudi Volumes Top 1mn B/D In Q2
...2Q14 2014 2013 2012 2011 2010 MIDDLE EAST 2,103 -480 2,583 2,...
Volume: 58Issue: 30Published at Fri, 24 Jul 2015 -
India’s Key Crude Suppliers 2009-15*: Iran Slides From Second To Seventh Spot (‘000 B/D)
...12-13 2011-12 2010-11 2009-10 rank Saudi Arabia 695 1 -91 +157 786 69...
Volume: 58Issue: 29Published at Fri, 17 Jul 2015 -
Egypt Petchems Plans Continue To Expand As Tahrir Gets Styrene Plant
...0,000 t/y Jet-kero/reformate EMethanex (2011 - methanol) Damietta 1,000 1.3mn t/y 110mn cfd methane EPP (2011 - propylene & polypropylene) Port Sa...
Volume: 58Issue: 29Published at Fri, 17 Jul 2015 -
Libya: Oil Boost Hopes Fizzle Out Amid Hollow ‘Peace Deal’
...cretary-general’s special representative for Libya, Bernardino Leon, celebrated the deal but recognized its limitations. “This act signaled the adoption of a framework for further talks. It has brought the country one step closer to ending the conflict and fulfilling the goals of the 2011 revolution,” he to...
Volume: 58Issue: 29Published at Fri, 17 Jul 2015 -
Saudi Taps Domestic Market For $4bn Amid Soaring Deficit
...12 2011 Revenue 747 715 1046 -331 -30.4 1131 1239 1110 o/w Oi...
Volume: 58Issue: 29Published at Fri, 17 Jul 2015 -
Iran Fronts Syria $1Bn
...pport to Syria has been essential since the beginning of the Syrian uprising, which began in early 2011. It continues to offer a lifeline of economic support in the form of oil supplies and credit. In 2014 Iran’s oil deliveries to Syria ranged between 50,000 b/d and 70,000 b/d, probably free of charge (ME...
Volume: 58Issue: 29Published at Fri, 17 Jul 2015 -
Algeria Pushes New Refineries Beyond 2020, Fuel Deficit To Worsen
...oducts output averaged 651,000 b/d in 2014 – comfortably above total domestic demand of 391,000 b/d. But the data for gasoline and diesel makes for less comfortable reading. State firm Sonatrach has had to import both gasoline and diesel since 2011, with volumes reaching a peak of 39,000 b/d and 53...
Volume: 58Issue: 28Published at Fri, 10 Jul 2015 -
A New Deal For South Sudan
...SOUTH SUDAN A New Deal For South Sudan As South Sudan marks the fourth anniversary since the declaration of independence on 9 July 2011, the country remains locked in a civil war that is estimated to have claimed more than 20,000 lives. Oil earnings have collapsed, and a succession of ag...
Volume: 58Issue: 28Published at Fri, 10 Jul 2015 -
Kuwait Posts First Deficit In 15 Years
...ending in the new budget is slashed to KD19.2bn, down 9% in nominal terms and 12% in real terms on 2014-15. Meanwhile the country’s crude oil output fell to 2.74mn b/d in June, the lowest since last 2011 (see p8), as a dispute with Saudi Arabia that has shut in fields at the two countries’ shared Ne...
Volume: 58Issue: 28Published at Fri, 10 Jul 2015