- Sort by:
- Score
- Published ▼
-
Egypt Subsidies
...event the emergence of a black market or the smuggling of products (MEES, 31 May). Egypt’s Finance Ministry projects the 2013-14 (July ’13 to June ’14) cost of energy subsidies at E£100bn ($14.5bn). This compares with actual figures of E£120bn for 2012-13, E£95.5bn for 2011-12, E£67.7bn for 20...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Kuwait Finance Minister Calls For Leaner Public Sector And Reforms
...rpluses, recent domestic political developments have hit the Kuwaiti economy. The implementation of the 2011-14 development plan has lagged and generous increases in the public sector wages have undermined the government’s efforts to encourage Kuwaitis to join the private sector. The long-term objective sh...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Arctic Economics In The 21st Century
...timates that traffic through the Bering Strait has nearly doubled from 245 vessels in 2008 to over 400 vessels in 2011. Finally, with tourism, the number of cruise ships venturing in Arctic water has more than doubled over the past eight years. More than 65,000 passengers departed from Svalbard, Norway, an...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Benchmark Crude Prices ($/B
...12 2011 WTI 103.01 103.12 103.06 106.27 106.55 105.73 94.17 94.18 95...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
OPEC Output At Near Two Year Low In September On Iraqi Outages
...OPEC OPEC Output At Near Two Year Low In September On Iraqi Outages OPEC oil production fell to its lowest level in almost two years in September, as further declines from Libya and Iraq brought the producer group close to its 30mn b/d output target, agreed in December 2011...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Egypt Looks To Turn Page On Bureaucratic Delays
...litical upheaval in the country is not causing further delays in the oil sector. The bid round, launched in 2011, was a show of confidence in Egypt’s energy sector that surprised some observers, given the turmoil of the Arab Spring and the parsimonious terms granted to oil and gas producers. The bl...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Syria Output Only 18k B/D
...rms having declared force majeure and pulled out of Syria (MEES, 14 September 2012). The minister attributed the sharp drop in production (from an average of 380,000 b/d before the start of the uprising in March 2011) to damage caused by armed rebels attacks on oilfields, pipelines and other fa...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Changing Global LNG Pricing Dynamics – MEES Analysis
...rticularly the case for Japan itself, which is paying an average of $15/mn BTU for LNG – more than $10/mn BTU over Henry Hub – that it has been importing in higher volumes since 2011’s Fukushima nuclear disaster. All of Japan’s 20 nuclear plants – which typically provide 30% of the country’s electricity – re...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Jubail Specialty Chemicals Boost
...e MMA unit is set to be the largest ever and will incorporate MRC’s proprietary Alpha technology, which uses methanol, ethylene and carbon monoxide as feedstock. At the launch of the joint venture in 2011 to build the plants, a SABIC official described Alpha as a “breakthrough technology.” Me...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Morocco’s ONEE Announces 2013-17 Electricity Plan
...ovision of $100mn to Morocco to support the building of further solar and wind plants in a number of remote areas. ONEE had more than 4.7mn customers at the end of 2012, an increase of 7.4% compared with end-2011. Morocco’s electricity demand was 31.06TWh in 2012, up 8% on 2011. Demand growth av...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Libya: No Light At The End Of The Tunnel
...fore the 2011 revolution was 1.6mn b/d. In an interview with the Beirut-daily al-Hayat, Mr Tariq Mitri, the UN Secretary- General’s Special Representative in Libya, noted that the government has so far failed to disarm the public and rebuild the army and police forces and that it has th...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Iranian Economy Shrinks By 5.4%
...around $70bn in 2012 from at $95bn in 2011 due to the effect of sanctions. Major economic reforms are needed in four sectors of the economy according to Mr Rohani’s economic advisor Masoud Nili. These are the foreign currency market, cash subsidy payments (to offset price increases), the pr...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Tunisia: Slow Growth
...ocks following the 2011 revolution. According to the IMF, real GDP fell by 2% in 2011, foreign direct investment declined by more than 30% year-on-year, and unemployment rose to a record 19%. Tunisia, the country which pioneered the ‘Arab Spring’, is today witnessing the problems associated with po...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Damage To Syrian Economy Tops $20Bn – Officials
...March 2011 to around $4-5bn at present. A report on the CBS website this week showed that forex reserves fell by just over a third at the end of 2011. The Syrian economy is only being kept (just about) afloat by the inflow of around $9bn in annual aid from Iran including regular fuel sh...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
The US Shale Revolution, Part 3: Overcoming The Obstacles
...timate arbiter on profitability, the market, offers no help. Shale gas drilling has been stagnating from February 2011 (the earliest available data point) to October of 2011. From that point on, it has been declining at a practically unbroken 2-year stretch to early August 2013, from about 930 to 390 ri...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Benchmark Crude Prices
...12 2011 WTI 103.31 103.06 106.24 106.27 106.55 105.73 94.17 94.18 95...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Security, Politics Dominate Libyan Oil Sector Concerns
...ansitional Council in 2011. Like in other fields, the oil sector will probably have to wait for political change and a permanent government, Mr Ramadan advises. “It is not the officials’ fault. They are doing a very difficult job under the circumstances. In fact they have accomplished more than ca...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Growing Gas Shortage Forces Egypt To Import LNG
...ring the current month to import petroleum products and this represents an increase of $200mn from the previous month. Egypt produced 61.3 bcm of gas in 2011 and consumed 49.6 bcm, according to the BP Statistical Review of World Energy June 2012. It exported 8.6 bcm in the form of LNG. Pi...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
South Sudan Orders Oil Production Restart
...l is currently produced in these two blocks, with Blocks 1 and 5 in the South’s Unity state contributing the balance. Total output from Blocks 3 and 7 was estimated to have hit 230,000 b/d of waxy Dar blend in 2011, compared to around 200,000 b/d in 2008. The company said in 2010 that it expected pr...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Qatar Faces LNG Market Challenges
...$100/B, $12-13/mn BTU plus usually $1-2. Spot markets are in the $13-13.50 price bracket – driven high by soaring demand following the March 2011 nuclear disaster. Some estimates put Japan’s LNG demand for the fiscal year ending March 2013 at 85-90mn t/y. Japan Gas Association says th...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012