- Sort by:
- Score
- Published ▼
-
Gulf Sukuk Issuers Brave Volatile Markets
...apping up an active three months which saw $17bn worth of paper hitting the market, representing almost two-thirds of the year’s total (MEES, 6 December 2010). Hopes had been high, given the large amount of refinancing needed, that market activity would spike up a notch in 2011. But as the European so...
Volume: 54Issue: 48Published at Mon, 28 Nov 2011 -
ExxonMobil-KRG Oil Deals Send Seismic Shock Through KRG-Baghdad Relations
...ast tripling electricity provision there. Pointing to World Bank statistics, Mr Salih noted that GDP per capita had grown almost 1,500% in the last nine years, from $375 dollars in 2002 to estimates of “at least” $5,500. “In 2002, the annual budget of Kurdistan was $100mn. In 2011, we had $10bn of go...
Volume: 54Issue: 47Published at Mon, 21 Nov 2011 -
East Mediterranean Energy Potential Under Spotlight At Cyprus Conference
...ars, he added. A total of nine wells were drilled in 2011 and a further 12 wells are planned for 2012-13. Israel has proven natural gas reserves of 277 bcm (9.8 tcf) and a possible total of 730 bcm (25.8 tcf), he said, adding that estimated reserves could be as high as 60-70 tcf of gas and 1bn barrels of...
Volume: 54Issue: 47Published at Mon, 21 Nov 2011 -
Hawrami: ‘Let Parliament Rule On Oil Policy Differences’
...nanza and has been the driving force behind the autonomous region’s ambitious and controversial oil policy. The KRG is producing in excess of 200,000 b/d, and has recently committed to raise oil exports to 175,000 b/d next year from its 2011 commitments of 100,000 b/d. Dr Hawrami talked to Rafiq La...
Volume: 54Issue: 47Published at Mon, 21 Nov 2011 -
OPEC Highlights Economic Uncertainty
...vestment risk. Accordingly, the 2011 WOO has added an Accelerated Transportation Technology and Policy (ATTP) scenario in addition to the Reference, Low Economic Growth and High Economic Growth scenarios included in last year’s forecast. OPEC sees more damage to the projected demand for its crude fr...
Volume: 54Issue: 46Published at Mon, 14 Nov 2011 -
IEA World Energy Outlook Warns Of Unsustainable Energy Future
...the Middle East and North Africa and a sharp rebound in energy demand in 2010, which pushed CO2 emissions to a record high, highlight the urgency and the scale of the challenge.” Central to the 2011 edition of the WEO is the New Policies scenario, which assumes that recent government co...
Volume: 54Issue: 46Published at Mon, 14 Nov 2011 -
Iraqi Gas Flaring Worsens
...pacity and, secondly, Iraq’s woefully high levels of gas flaring are in fact getting worse. Associated gas output rose by some 172mn cfd from 2009 to the third quarter 2011, but gas flaring is up by 228mn cfd at 940mn cfd. And in September flared volumes, representing some 62% (compared to just ov...
Volume: 54Issue: 45Published at Mon, 07 Nov 2011 -
MENA Turns To Solar Power For EOR As Well As National Grids
...nerate 10% of its electricity from renewables by 2020. Its power stations burn fuel oil and crude, and Kuwait consumed 413,000 b/d of oil in 2010 – about 16% of production, according to the BP Statistical Review of World Energy for 2011. Its electricity demand is growing about 8% a year, but it is doing li...
Volume: 54Issue: 45Published at Mon, 07 Nov 2011 -
Qatar To Keep Crude Production Capacity At 1Mn B/D
...nsultants in the way that Saudi Aramco has, nor has it developed its own workforce,” he says. Qatar’s average output in November is about 830,000 b/d due to OPEC quotas and field shutdowns. QP will partially shut in Dukhan production in the fourth quarter of 2011 for three weeks, during maintenance of...
Volume: 53Issue: 48Published at Mon, 29 Nov 2010 -
Turkmenistan Tilts Towards West, Considers Rapprochement With Azerbaijan
...PC and Turkmengaz, once the 1,000km, 30 bcm/year capacity East-West pipeline is com-pleted in 2014. On top of that, the former head of Turkmengaz noted, “as early as 2011, Turkmenistan needs a market for gas produced by the Malaysian Petronas company on an offshore block at a rate of 5 bcm/y.” Me...
Volume: 53Issue: 48Published at Mon, 29 Nov 2010 -
IEA Forecasts Significant Rise In Renewable Energy During Next 25 Years
...pects a credit shortfall in the euro area of some $150bn in 2010, with marginal improvements in 2011. In the US, the credit shortfall is expected to be of the order of $280bn in 2010, but the situation is expected to improve substantially in 2011, with the shortfall being reduced to $50bn, the WEO re...
Volume: 53Issue: 48Published at Mon, 29 Nov 2010 -
Qatar Starts Up Latest LNG Mega-Train
...targas 7 starting up next year, the two 7.8mn tons/year LNG trains will help lift Qatar’s condensate output to 720,000 b/d in 2011. Their LNG output will further weaken prices and may help disconnect gas prices from oil in Asia-Pacific. Qatargas Train 6, (state-owned Qatar Petroleum 68.5%, Co...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Saudi Aramco Set To Implement Flagship Saudization Initiative
...astomers project decided to locate the venture entirely at Jubail (MEES, 19 October 2009). Meanwhile, construction tenders for the expansion of the Saudi Aramco/Sumitomo PETRORabigh petrochemical complex are expected to be launched in mid‐2011, with work to begin shortly afterwards. PETRORabigh Phase II...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
G20 Calls For Crackdown On $312Bn Energy Subsidy Bill
...ing experienced in the transport sector. Moreover, further analysis carried out by the IEA has shown that the phasing out of fossil fuel consumption subsidies over 2011-20 would be expected to reduce global energy related CO₂ emissions by 5.8% – equivalent to the current combined emissions of Ge...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Oman To Lift Crude Output 80,000 b/d By End-2012
...dependent Occidental Petroleum aims to increase production of 10-12° API crude by 46,000 b/d from Mukhaizna field, ramping up next year and into 2012. In the third quarter of 2011, a consortium led by Lebanese independent CC Energy Development (CCED) expects to bring on stream 30,000 b/d of 30° API crude fr...
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
GCC Keeps Wary Eye On ‘Currency War’
...the end of 2011, said John Sfakianakis, Chief Economist at Banque Saudi Fransi in Credit Agricole’s 8 November Emerging Market Focus (BSF is part of the Credit Agricole Group). Inflation in the kingdom is now the region’s steepest, the report said, but pointed out that this results more fr...
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
OPEC Sees Future Riven With Uncertainty Despite Tentative Economic Recovery
...finery closures, and the talk of re-openings, appears to contradict the stark realities of refining, especially in the industrialized regions of the world.” OPEC World Oil Outlook 2010 (Mn B/D) 2010 2011 2012 2013 2014 2015 20...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
Egypt Poised To Hit GDP Growth Target, But Long Term Challenges Linger
...ctor activity and lower the country’s deficit, as well as the revitalization of external demand through global economic recovery. Reforms targeting energy subsidization for companies, meanwhile, may not be fully implemented until after 2011’s general election. Though the impact of the global ec...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
Iran Boosts Domestic Gasoline Production
...untry’s gasoline production capacity will rise by 188,700 b/d before the end of the current Iranian year on 20 March 2011 (MEES, 25 October). But few outside Iran’s political system take the government’s claims seriously. Consequences For Domestic Petrochemical Industry Any increase in production is...
Volume: 53Issue: 44Published at Mon, 01 Nov 2010 -
Sanctions Slow Iran’s Condensate Export Growth
...scounted price to Iran.” Iran Base-Case Condensate Supply Outlook (‘000 B/D) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Current Pr...
Volume: 53Issue: 44Published at Mon, 01 Nov 2010