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Libya’s NOC Dreams Of Better Future
...l fields offline, the Libyan energy sector is undergoing its worst crisis since the revolution ground operations to a halt in 2011, at a time when the political situation is deteriorating. Earlier this month, former general Khalifa Haftar attacked Islamist militia in their bases in Benghazi, ba...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Output Continues To Slide As South Sudan Conflict Rumbles On
...rst time the two former civil war foes have cooperated on oil matters since the two countries split in 2011, under the terms of a ‘Comprehensive Peace Agreement’ signed six years prior. But far from doing it out of concern, Khartoum’s latest offer is almost certainly driven by a sense of economic se...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Egypt: Poor Turnout Takes Shine Off Sisi Election Victory
...cular activists that had taken part in the 2011 Arab Spring revolution, arresting journalists that did not toe the government line. The media has long whipped up nationalist fervor in support of Mr Sisi, and a well-funded campaign has fostered a personality cult around the army strongman. The Muslim Br...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Natural Gas Find To Propel Cyprus Towards Reunification?
...tural gas deposits in 2011 has given both Turkish Cypriots in the north and Greek Cypriots in the government controlled area in the south extra impetus to solve the division of the island. The consensus among experts is that the discovery of the 5 tcf Aphrodite field in Block 12 of Cyprus’ Exclusive Ec...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Egypt To Slash Petroleum Subsidies As Part Of New Budget
...too low however, and could threaten growth, Egyptian economists warn. Social Expenditure In Egyptian Budgets: 2011-2015 (E£ Mn) 2014-15* 2013-14** 2012-13 2011-12 Total So...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Benchmark Crude Prices
...13 2012 2011 WTI 103.58 103.42 101.64 102.02 100.48 98.56 97.54 98...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Tunisia: Hope Tempered By Strikes And Unemployment
...gures 2010 2011 2012 2013e 2014p 2015p GDP growth (%) 2.6 -1.9 3.7 2....
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Libya: Battlelines Drawn As Clashes Force Groups To Choose Sides
...andoff raises both the spectre of civil war, and an end of the political stalemate that has stalled progress since the overthrow of deposed leader Mu’ammar al-Qadhafi in 2011. On 16 May, the “Libyan National Army” commanded by former general Khalifa Haftar attacked the bases of Islamist militia in Be...
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Yemen Mired In Fuel Subsidy Dilemma
...fficult to eliminate, as their main beneficiaries in society push – or in some cases even riot – to hold on to their subsidy-related ‘benefits.’ What was already a politically thorny issue however has taken on another dimension, in the aftermath of the 2011-12 wave of revolutions that swept across the Mi...
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Can Saudi Arabia and Iran Put Regional Rivalry To Rest?
...esident Obama’s visit to Riyadh convinced Saudi rulers that compromises were necessary with Iran at this time. It may be that Riyadh is signalling a readiness to put an end to the simmering Shi’a-Sunni conflict that has reared its head since 2011 and is threatening the cohesion of countries like Iraq. An...
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Sisi Promises Economic Reforms
...ne which began shortly after the fall of Husni Mubarak in 2011. Saudi Arabia, Kuwait and the UAE pledged $12bn in aid after the removal of Islamist president Muhammad Mursi last year. Cairo is currently receiving assistance in the form of petroleum products from Saudi Arabia. The head of the Eg...
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Iraq: Is Future Near-Total Reliance On Gas-Fired Power Justifiable?
...wer Generation In Iraq (%) As for natural gas, in contrast to the $4.5/mn BTU LNG netback price used in MoE, Iraq’s average border price for possible exports of dry-gas/LNG to six destinations; calculated by the IEA (2012, p127), indicates an average netback price of $10.30/mn BTU for 2011. Th...
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Fossil Fuel Consumption Subsidies ($Bn, IEA estimates)*
...Fossil Fuel Consumption Subsidies ($Bn, IEA estimates)* 2012 vs 2011 2012 vs 20...
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Benchmark Crude Prices ($/B)
...13 2012 2011 WTI 103.74 101.64 100.00 102.02 100.48 98.56 97.54 98...
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Qatar Faces Cost Blow-Out In Drive To Redevelop Bul Hanine
...onouncements: in 2010, for example, QNB expected crude production capacity to reach 1mn b/d by the end of 2011. This change in tenor suggests that the bank grasps the current situation: Qatar’s heavy investment in crude production is designed to battle oilfield declines; little boost in output is expected over th...
Volume: 57Issue: 20Published at Fri, 16 May 2014 -
Fertilizer Boost For Algeria’s Battered Petchems Industry
...hylene throughput had been on a downward trajectory since 2006 and most units were shut down in 2011 (see chart). The plant had the capacity to produce 120,000 t/y of ethylene, 48,000 t/y of low-density polyethylene (LDPE), 130,000 t/y of high-density polyethylene (HDPE) and 35,000 t/y of PVC. El...
Volume: 57Issue: 20Published at Fri, 16 May 2014 -
Iraq Petchems Exports Possible After 2020
...ntracts for the Siba and Mansuriya non-associated gas fields in the Western Desert, has spoken of rising costs of drilling at Mansuriya because of the heightened security risks. Of the four gas fields awarded in the lacklustre 2011 auction, Siba is expected to start production late this year or early ne...
Volume: 57Issue: 20Published at Fri, 16 May 2014 -
Saudi Gifts Egypt Oil
...iro. Cutting energy subsidies has been an official government objective since the beginning of the Egyptian revolution in January 2011. Failure to introduce cuts in these subsidies and lower the budget deficit proved to be the stumbling block in the negotiations with the IMF over a $4.8bn loan to Egypt in...
Volume: 57Issue: 20Published at Fri, 16 May 2014 -
Saudi-Iran Relatons On The Mend?
...e first high level contact between Riyadh and Tehran since the 2011 start of the Arab revolutions that exposed deep rifts within the Arab world, the ripples of which are still being felt in the Gulf region today. The collapse of Hosni Mubarak’s regime in Cairo forced Saudi Arabia, which prefers qu...
Volume: 57Issue: 20Published at Fri, 16 May 2014 -
Aramco Annual Review: Gas Record, Oil Down
...10 2011 2012 2013 ‘13vs’12 (%) RESERVES (re...
Volume: 57Issue: 20Published at Fri, 16 May 2014