1. Iraqi Elections: Months Of Haggling Beckon As Maliki Looks To Cling On

    ...tablished the Governing Council in July 2003 on a sectarian basis. The 2014 election, however, has revealed a new phenomenon in current Iraqi politics: The country is not only divided along sectarian and ethnic identities, but is concurrently undergoing splits within each community. Exit polls indicate th...

    Volume: 57
    Issue: 20
    Published at Fri, 16 May 2014
  2. Total Sells 30% Of Morocco Retail Operation To Saudi Zahid Group

    ...sablanca exchange, which has seen a slowdown in the number of flotations since a flurry of activity in the 1990s and has been downgraded to a frontier market status rather than an emerging market. The Total Maroc offering will be the first in 2014 and the second since 2012, Reuters says. Beyond Mo...

    Volume: 57
    Issue: 20
    Published at Fri, 16 May 2014
  3. Libya: 14% Budget Cut

    ...LIBYA   Libya: 14% Budget Cut   The 2014 Libyan budget has been cut to LD58.9bn ($47.9bn) from an earlier figure of  LD68.6bn ($55.8bn), a member of the planning and finance committee of the General National Council (GNC) Huda al-Banani has confirmed. Total revenue is now pr...

    Volume: 57
    Issue: 20
    Published at Fri, 16 May 2014
  4. Iran: Hope All-Pervasive, But Is It Justified?

    ...ess codes, prompting some women to be more daring with their attire and hijab. However this is only a phase which could be reversed. The construction sector in Tehran does not seem to have suffered from the lack of economic growth – the economy contracted by 1.7% over the year to March 2014 and by ov...

    Volume: 57
    Issue: 20
    Published at Fri, 16 May 2014
  5. Benchmark Crude Prices ($/B)

    ...Benchmark Crude Prices ($/B)   15 May 5-9 May 28 Apr - 2 May Apr-14 Mar-14 Q1 2014 Q4 2013 20...

    Volume: 57
    Issue: 20
    Published at Fri, 16 May 2014
  6. Exposure To High-Cost Barrels: 2014-25 Capex On Projects Needing $80/B Brent To Break Even ($Bn, Top 20 Firms)

    ...Exposure To High-Cost Barrels: 2014-25 Capex On Projects Needing $80/B Brent To Break Even ($Bn, Top 20 Firms)...

    Volume: 57
    Issue: 20
    Published at Fri, 16 May 2014
  7. Syria: Subsidies Hit $1Bn; ‘Losses’ At $22bn

    ...vernment spent S£40bn ($268mn at the official exchange rate of $1=S£149) on energy subsidies in the first quarter of 2014; over $1bn on an annualized basis. The minister estimates total losses in the hydrocarbons sector since the beginning of the uprising in March 2011 at S£3,202bn ($21.5bn) – S£2,...

    Volume: 57
    Issue: 19
    Published at Fri, 09 May 2014
  8. KPC 100KBD India Deal

    ...e first quarter 2014, the US upped volumes substantially, taking 405,000 b/d for January and February (March data are not yet available). Japan is Kuwait's third largest customer taking 311,000 b/d for the first quarter, up 12% on a year earlier. The Indian market is of growing importance to Ku...

    Volume: 57
    Issue: 19
    Published at Fri, 09 May 2014
  9. MENA Active Drilling Rigs, April 2014*

    ...MENA Active Drilling Rigs, April 2014*                 April Br...

    Volume: 57
    Issue: 19
    Published at Fri, 09 May 2014
  10. Tupras Boosts Turkish Conversion Capacity

    ...sidue upgrader unit at the 220,000 b/d Izmit refinery will transform high-sulfur fuel oil into Euro V standard light products, while increasing production capacity for petroleum coke and sulfur. The project was over 90% complete at end-2013 and is scheduled for November 2014 start-up, Tupras says. Sp...

    Volume: 57
    Issue: 19
    Published at Fri, 09 May 2014
  11. Aramco Scales Back Giant Jazan Plans To 2.4GW

    ...art Status SEC Projects 9.98       Shuaiba 2 1.24 Gas 2014 U/C Ji...

    Volume: 57
    Issue: 19
    Published at Fri, 09 May 2014
  12. Saudi Boost Pushes OPEC April Production Higher

    ...0,000 b/d for each of the last three months for which JODI data is available (December 2013, January 2014 and February 2014), again the three highest  figures on record (see graph). Iraqi output held steady at 3.3mn b/d as higher output from southern fields and a rise in domestic consumption was cancelled ou...

    Volume: 57
    Issue: 19
    Published at Fri, 09 May 2014
  13. Libya’s New PM Faces Old Problems

    ...y from the roughly 1.5mn b/d pumped prior to the outbreaks of strikes last July, and puts Tripoli under severe budgetary pressures. The government lost billions in forgone oil revenues last year, and has failed to sign a budget for 2014. Without the funds to invest in the country’s dilapidated in...

    Volume: 57
    Issue: 19
    Published at Fri, 09 May 2014
  14. Hamad Bin Jasim Returns With $1.6bn Heritage Oil Takeover

    ...oblems, Heritage gives a broad estimate of 14,500–18,000 b/d for its overall net 2014 production. This includes small volumes in Russia, where the firm has a 95% interest in the Western Siberian Zapadno Chumpasskoye license, its only other producing asset. This produced about 600 b/d in 2013. The firm’s 20...

    Volume: 57
    Issue: 19
    Published at Fri, 09 May 2014
  15. Saudi 2015-19 Plan Targets 5% Growth

    ...re 8.35mn b/d, up over 500,000 b/d from the 4Q 2012 figure of 7.83mn b/d. Samba says Saudi growth was 3.8% for 2013 as a whole. It projects a fall to 3.1% in 2014, 2.8% in 2015 and 2.6% in 2016. According to Samba, net foreign assets, which stood at $753bn in 2013, are projected to rise to $83...

    Volume: 57
    Issue: 19
    Published at Fri, 09 May 2014
  16. Japanese Crude Oil & Condensate Imports, Q1 2014 (‘000 B/D)

    ...Japanese Crude Oil & Condensate Imports, Q1 2014 (‘000 B/D)             Vs 1Q ‘13...

    Volume: 57
    Issue: 19
    Published at Fri, 09 May 2014
  17. Benchmark Crude Prices ($/B)

    ...Benchmark Crude Prices ($/B)   08 May 28 Apr - 2 May 21- 25 Apr Apr-14 Mar-14 Q1 2014 Q4 2013 20...

    Volume: 57
    Issue: 19
    Published at Fri, 09 May 2014
  18. Noble Bullish On Leviathan Plans

    ...s a dominant position offshore Israel). 2014 Leviathan Sales, Sanction The next stage for Noble is to secure sales deals for Leviathan. “Over the next 6 months, we will enter into a number of major long-term agreements for Leviathan gas,” Mr Davidson says. This would enable the firm to sa...

    Volume: 57
    Issue: 18
    Published at Fri, 02 May 2014
  19. Jordan Shortlists Amman Products Terminal Bidders

    ...rnkey basis during 2014-15 under an engineering, procurement, construction and commissioning (EPCC) contract. The terminal will store 250,000-300,000 tons of white products (gasoline, kerosene, jet fuel and diesel) and 8,000 tons of LPG. It will be built to the east of the capital and will include road ta...

    Volume: 57
    Issue: 18
    Published at Fri, 02 May 2014
  20. Qatar LNG For Kuwait

    ...QATAR Qatar LNG For Kuwait Following two years of negotiations, Kuwait Petroleum Corporation (KPC) has finally concluded an agreement to import LNG from Qatargas, though this initial agreement does not extend beyond 2014 – leaving some degree of supply uncertainty over the medium term fo...

    Volume: 57
    Issue: 18
    Published at Fri, 02 May 2014