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Dea Looks To Boost Egypt Oil Output, Slams Algeria Terms
...ght now is the most important place for us to be,” Christoph Schlichter, Dea’s Senior VP, Production North Africa told this week’s World NOCs Congress in London. “Since the revolution in Egypt in 2011, a lot of companies looked at the country and asked themselves whether they can invest, whether it...
Volume: 58Issue: 25Published at Fri, 19 Jun 2015 -
IEA Climate Change Goals Put Spotlight On Mideast Subsidies
...adually reduce fuel subsidies (MEES, 9 January). The UAE is leading regional moves into solar (MEES, 10 April) and is targeting electrical sector efficiency (MEES, 6 February), and this week announced plans for a review of gasoline subsidies. The government raised gasoline prices twice before 2011, bu...
Volume: 58Issue: 25Published at Fri, 19 Jun 2015 -
Libya Dreams Of 1Mn B/D End-Year Output
...cal refineries, with the balance exported. Libya’s plans to boost refining capacity to 1mn b/d from the current (theoretical) 380,000 b/d (see table), halted by the security collapse since 2011. “We had a good plan. We had a workshop in April 2012, we invited all Libyan experts and carried out a fe...
Volume: 58Issue: 25Published at Fri, 19 Jun 2015 -
Gas Faces Long-Term Uncertainty On Cheap Coal And Renewables
...pan, the world’s largest LNG importing country, is set to taper off as nuclear plants are expected to come back online after the 2011 Fukushima accident. Meanwhile, EU countries and the US have experienced plummeting renewable energy costs, denting gas demand. The recent collapse in oil and gas pr...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
Mena Oil & Gas: Key Production/Consumption Numbers From Bp’s 2015 Statistical Review
...lance 2010 2011 2012 2013 2014 mn b/d % 2010 2011 2012 2013 20...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
Iran Touts Gas Export Progress, Plots Key Regional Role Post-Sanctions
...ian markets, including Japan, South Korea and India. A final agreement with Oman would be a major breakthrough after years of discussions. Talks on gas trade between the two countries resumed in 2011, after the collapse of a 2005 memorandum of understanding (MOU) on oil and gas cooperation. The ea...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
Egypt Taps Bond Market For First Issue In Five Years
...ability to the country after the Arab Spring uprising of early 2011 which shut out Egypt from the international debt market. The last time Egypt dipped in the international debt market was in April 2010 with the launch of a $1.5bn Eurobond. Egypt’s growth prospects began to improve after President Ab...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
Bijan Namdar Zanganeh: A Star Is Born At OPEC
...at it was pre-sanctions as soon as the restrictions on its exports are lifted. Current Iranian production is some 800,000 b/d down on what it was back in 2011 (see p2), whilst Iran’s current exports are 1.2-1.3mn b/d below the 2.5mn b/d it was producing in the same year. Mr Badri said after the en...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
Total Sees Sunshine Amid Gulf Turbulence-Interview With CEO Patrick Pouyanne
...0 B/D) Gas (MN CFD) 2011 2012 2013 2014 2011 2012 2013 20...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
Algeria Ploughs On With Failed Policies
...nister, in 2011. But in recent months it has been little mentioned. The goal is “still on the agenda,” said Mr Demmak, although he admitted that “nothing major” has been done so far in terms of infrastructure development. Renewables are “part of the solution” to tackling the issue of providing clean an...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
Saudi Generator Hikes Capacity By 6%, Fuel Flexibility The Key
...C’s share of total Saudi installed capacity fell from a peak of 82% in 2011 to 74% for 2014. The company says that its actual volume of generated electricity exceed the company’s planned volume for 2014 by 9.1%. However, the company improved the average thermal efficiency of its plants by 1% co...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
Jordan’s Energy Supplies: Lots Of Options, None Of Them Good
...sue, which ‘Amman aims to tackle through its Electricity Master Plan. Jordan imports both crude oil for its sole refinery, the 100,000 b/d nameplate capacity Zarqa plant, and refined products, given that demand has raced ahead of domestic refining capacity since gas supplied from Egypt dwindled in 2011...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
Wintershall Eyes Future Opportunities In Libya Despite Onshore Production Shut-In
...August 2012). Wintershall Libya is 51% owned by German chemicals firm BASF and 49% owned by Russian state gas giant Gazprom. Key assets are the C96 and C97 blocks in the east of Libya’s Sirte Basin oil production heartland, which typically produced 100,000 b/d prior to Libya’s 2011 re...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
Us Crude Production Continues To Rise As Imports Fall (‘000 B/D)
...4Q14 vs1Q14 4Q14 3Q14 2014 2013 2012 2011 2010 CRUDE OIL IMPORTS 7,020 7,...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
Iran’s Upstream Opening: The Foreign Firms That Stand To Lose
...is fact, in 2011 the former president even went so far as to say: “Thank God the enemies put sanctions on us… As soon as they told us ‘We won’t sell gasoline to you,’ we started producing gasoline inside the country, and in fact moved towards utmost self-sufficiency.” But this notion of self-su...
Volume: 57Issue: 26Published at Fri, 27 Jun 2014 -
Sonelgaz Generating Capacity Up 2GW In 2013, But Finances ‘Fragile’
...this total. He noted that Sonelgaz invested a total AD409bn ($5.2bn) in 2013, an increase of 77.5% over 2012, of which almost half was allocated for power generation.. Sonelgaz Financial Results (Ad Bn) 2011 2012 20...
Volume: 57Issue: 26Published at Fri, 27 Jun 2014 -
Algeria Heading For Oil Output Drop
...line later than envisaged. BP’s expansion of In Salah has been pushed back after the attack on the In Amenas fields by Islamist terrorists in 2011, and no new deadline has been given. GDF Suez’s Touat project is now scheduled to come online in late 2016, a year later than envisaged. Total’s initial de...
Volume: 57Issue: 26Published at Fri, 27 Jun 2014 -
Turnout At Libyan Elections Disappoints
...5mn Libyans were registered to vote, less than the 2.8mn eligible in 2012. Killings Continue The same day, Salwa Bugaighis, a well-known human rights activist who had played a big role in the peaceful protests that preceded the armed struggle against Gaddafi in 2011, was killed in her house in Be...
Volume: 57Issue: 26Published at Fri, 27 Jun 2014 -
Mideast FDI: ‘Bleak’ Prospects Amid Post-Arab Spring Instability-UN
...litical and social upheavals following the 2011 Arab Spring continue to weigh down economic activity and deter potential investors. This comes despite an overall upturn in global economic conditions, and FDI, over the past year. Global FDI inflows rose 9% to $1.45 trillion last year, but for the MENA re...
Volume: 57Issue: 26Published at Fri, 27 Jun 2014 -
Benchmark Crude Prices ($/B)
...12 2011 WTI 105.84 106.50 105.32 101.90 102.02 98.56 97.54 98.03 94...
Volume: 57Issue: 26Published at Fri, 27 Jun 2014