- Sort by:
- Score
- Published ▼
-
OPEC Agrees To Cut, Now The Hard Work Starts
...EC^ 2016 OIL EXPORT REVENUES ON COURSE FOR $750BN FALL FROM 2012 PEAK ($BN) 2010 2011 2012 2013 20...
Volume: 59Issue: 39Published at Fri, 30 Sep 2016 -
South Sudan Crude Output Plumbs New Lows
...South Sudan has faced chronic instability since 2011 independence. Output and exports are down again this year amid renewed violence, whilst low oil prices have raised the share paid to IOCs, and to Sudan in transit payments. South Sudan’s oil sales fell to a three-year low of just 10...
Volume: 59Issue: 38Published at Fri, 23 Sep 2016 -
Saudi ‘Low Cost’ Market Share Policy Remains Unfinished Business
...llapsed from 1.54mn b/d in 2010 following the 2011 revolution. It was just 260,000 b/d last month, although recent developments have enabled it to climb back up to 390,000 b/d (MEES, 16 September). Nigeria’s output has fallen 460,000 b/d since January due to attacks from the Delta Avengers group. The la...
Volume: 59Issue: 38Published at Fri, 23 Sep 2016 -
Aramco Output Policy Under Scrutiny Ahead Of Algiers
...rst time the kingdom has managed this since 2011, after the 400,000 b/d Petro Rabigh refinery reached full capacity in October 2010. Saudi Arabia’s newest refineries have been configured to maximize gasoline and diesel output with an eye to exporting to Europe. IEA figures show Saudi products exports to...
Volume: 59Issue: 38Published at Fri, 23 Sep 2016 -
Tunisia: Output Slides, Firms Look For The Door Amid Instability
...e January 2011 ‘revolution’ that kicked off the Arab Spring. In many ways Tunisia’s experiment in democracy has been an admirable success – certainly compared to its neighbors Libya and Egypt. But not in terms of oil and gas output. The frequency and intensity of strikes has got worse this year. Ga...
Volume: 59Issue: 38Published at Fri, 23 Sep 2016 -
Egypt Struggles To Raise Money For Imf ‘Bilateral Financing’
...mewhat from $39.1bn for 2014-15 to $37.6bn for 2015-16 due in part to sustained low oil prices. • With the rise in the current account deficit, Egypt’s foreign exchange reserves remain under pressure. The $16.6bn end-August figure is less than half their level before the January 2011 revolution....
Volume: 59Issue: 38Published at Fri, 23 Sep 2016 -
Falling Gas Prices Give Iran Dose of Realism
...oduction through the injection of gas into mature fields will also eat up more gas supplies. Iran’s injected 31 bcm in 2015, well down on the peak of 35.4 bcm in 2011 before sanctions were tightened. Gas injection can be expected to rise back up to this level and Shana reported this week that injection in fi...
Volume: 59Issue: 37Published at Fri, 16 Sep 2016 -
Iran Starts Work On Nuclear Plants, Eyes Local Fuel Supply
...heduled to begin in two years time. Rosatom’s Atomstroyexport subsidiary will build the two plants on a turnkey basis. The company built the Bushehr-1 plant, which was connected to the grid in September 2011 and reached full capacity in August 2012. PROBLEM PROJECT Bushehr-1 is the Mena re...
Volume: 59Issue: 37Published at Fri, 16 Sep 2016 -
Aramco Eyes Houston Refining Hub As Motiva Break-Up Advances
...mpany is in advanced negotiations with Chinese state firm CNPC for joint construction of a refinery in China’s southwestern Yunnan province. “We hope to reach an agreement this year,” he said. CNPC and Aramco signed an MoU in March 2011 to jointly build the first refinery in the province, which wo...
Volume: 59Issue: 36Published at Fri, 09 Sep 2016 -
Libya Faces Further Output Fall, Degraded Capacity With Chronic Under-Investment
...oduction potential of many of these fields has dropped substantially, particularly in the short term. Prior to 2011, the Sarir field had capacity of between 200,000-220,000 b/d, and the Mesla field about 100,000 b/d. Mr Sanalla acknowledged in the NOC statement that “we have a very long to-do list once st...
Volume: 59Issue: 36Published at Fri, 09 Sep 2016 -
IMF To Assist Egypt In Raising Bilateral Aid
...e first seven months of 2016, down 2% from the same period of 2015 and 7% from the same period of 2014 (see chart 2). At least this ‘fall’ can be put down to the strength of the dollar. The same cannot be said for tourism revenues which have been in free fall since the January 2011 revolution. Re...
Volume: 59Issue: 36Published at Fri, 09 Sep 2016 -
Iran Targets Further Trade Gains in Asia With Korea Payments Deal
...43mn b/d, up 28% on the same period last year. The upshot is that the region’s importing of Iranian oil this year is on track to reach levels not achieved since sanctions were ratcheted up in late 2011. China’s receipt of Iranian crude dipped in July, dragging the total amount down from June’s heights to...
Volume: 59Issue: 35Published at Fri, 02 Sep 2016 -
Libya’s Wealth Fund In Leadership Showdown
...rsue legal cases on behalf of the LIA, but no power to transfer or dispose of LIA assets. In practice this is academic as the funds are largely frozen under UN sanctions imposed in 2011. According to a 2012 audit by Deloitte, the LIA has holdings estimated at $67bn. The establishment of the st...
Volume: 59Issue: 35Published at Fri, 02 Sep 2016 -
Egypt Plans VAT At 13% From 1 October
...nishment through higher fines and prison sentences. Egypt’s economy has been struggling since the 2011 revolution which brought with it political instability, driving away tourists and foreign investors, who provide a major source for foreign exchange. Egypt’s foreign currency reserves are down by more th...
Volume: 59Issue: 35Published at Fri, 02 Sep 2016 -
Iran, Oman Sign Gas Export Pipeline Contracts, Eye 2018 Start-Up
...owing to Oman by 2018 at the latest, Mr Zanganeh said. But that will be wholly contingent on Muscat and Tehran’s ability to successfully navigate the often muddy waters of price negotiations. The two countries came agonizingly close to signing a gas supply deal in 2011, only for talks to break down at...
Volume: 58Issue: 39Published at Fri, 25 Sep 2015 -
Urgency Of Peace In South Sudan Undermined By Persistent Divisions
...vernment is due to a combination of factors. In recent months, Juba has fallen behind with payments of $24.1/B due to Sudan in return for the use of its oil export infrastructure and in compensation for the loss of Sudanese oil resources, when South Sudan became independent in July 2011. In an effort to...
Volume: 58Issue: 39Published at Fri, 25 Sep 2015 -
Middle East LNG Demand Impetus Takes Market By Surprise
...ay small compared with the global balance, but the niche markets in the Middle East and are absorbing the amount of incremental LNG going to Europe, which usually acts as a balancing market. Middle East imports – led by Kuwait and Dubai (and Israel to some extent) – grew from 1mn tons in 2011 to 1....
Volume: 58Issue: 39Published at Fri, 25 Sep 2015 -
Israel Refineries Maintain KRG-Fueled Near-Record Runs
...%. > In contrast the 100,000 b/d-capacity Paz Ashdod refinery held output at a record 107,000 b/d throughout the first six months of 2015. The company is reaping the benefits of a major expansion and upgrade of Ashdod refinery in 2011 and 2012 (MEES, 29 August 2014), which not only increased crude di...
Volume: 58Issue: 39Published at Fri, 25 Sep 2015 -
GCC Fertilizers Capacity Hits 41Mn T/Y, But Feedstock Crunch Awaits
...particular is diversifying by mining indigenous phosphate to produce DAP. First DAP fertilizer was produced in 2011 and Saudi DAP capacity is now 3.4mn t/y. Saudi miner Ma’aden is expanding its phosphate developments under a $7.97bn program, says the GPCA. More conventionally, Bahrain’s Gulf Pe...
Volume: 58Issue: 38Published at Fri, 18 Sep 2015 -
Venezuela Steps Up Campaign To ‘Stabilize’ Oil Prices
...ed to be a regular buyer of Iranian crude before sanctions were ratcheted up on Iran in mid-2012. Iran was in fact Pretoria’s largest oil supplier pre-2012, exporting 85,000 b/d to the African state in 2011 on average, according to MEES estimates. OPEC VS IEA SUPPLY-DEMAND BALANCE,SEPTEMBER 20...
Volume: 58Issue: 38Published at Fri, 18 Sep 2015