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Libya: GNC Sacks PM As Oil Output Rises With Prospect Of More to Come
...e UN Security Council adopted resolution 2214, which called on the sanctions committee set up in 2011 to “consider expeditiously” the “transfer or supply of arms and related materiel” to the Libyan government for the use by its official armed forces to combat IS, Ansar al- Sharia, al-Qa’ida and th...
Volume: 58Issue: 14Published at Fri, 03 Apr 2015 -
Egypt Issues $1.5Bn Eurobond Mandate
...ternational market. The planned Eurobond issue will test the market for future borrowing, given Egypt’s absence from the debt market since the January 2011 revolution which overthrew the Husni Mubarak regime. The last time Egypt dipped into the international market was in April 2010 with the launch of a $1....
Volume: 58Issue: 14Published at Fri, 03 Apr 2015 -
Jordan Slashes 2014 Budget Deficit
...d Japan. Jordan’s economy is also under strain, due to the influx of around 1.4mn Syrian refugees, who have fled their war torn-country after the start of the uprising in early 2011. Jordan estimates the cost of looking after these refugees at $3bn in 2015 (see column). Jordan’s public debt st...
Volume: 58Issue: 14Published at Fri, 03 Apr 2015 -
Egypt Lays More Foundations For Gas Output Growth
...rking intensively on the further development of this project,” Mr Ecke says. Mr Ecke has extensive knowledge of Egypt and was Dea Egypt’s general manager between 2009 and 2011, and the firm’s exploration manager between 2001 and 2005. LetterOne (L1), an international investment vehicle headed up by Ru...
Volume: 58Issue: 13Published at Fri, 27 Mar 2015 -
EGYPT KEY TO KUWAIT ENERGY’S FORTUNES
...EGYPT EGYPT KEY TO KUWAIT ENERGY’S FORTUNES Another firm which has seen production increase substantially in Egypt is independent Kuwait Energy Company (KEC), with output from its Egyptian assets more than doubling since 2011 (see graph). The majority of that output comes from the Ea...
Volume: 58Issue: 13Published at Fri, 27 Mar 2015 -
Iraqi Oil Output Plunges As Pressures Mount
...2014 2013 2012 2011 2010 CRUDE OUTPUT: Federal* 2,783 3,042 -259 3,356 2,...
Volume: 58Issue: 13Published at Fri, 27 Mar 2015 -
IRAQ: KEY OIL DATA (‘000 B/D)
...14 2013 2012 2011 2010 CRUDE OUTPUT: Federal* 2,783 3,042 -259 3,356 2,913 -21...
Volume: 58Issue: 13Published at Fri, 27 Mar 2015 -
Israel Refiners Ramp Up Throughputs On Back Of Cut-Price KRG Barrels
...12 2011 REFINERY OUTPUT (‘000 B/D) 294.89 282.21 +12.7 +4.5 302.77 +8.4 +18.3 29...
Volume: 58Issue: 13Published at Fri, 27 Mar 2015 -
ISRAEL OIL PRODUCTS SUPPLY AND DEMAND FIGURES, 2014 (‘000 B/D)
...13 2012 2011 REFINERY OUTPUT (‘000 B/D) 294.89 282.21 +12.7 +4.5 302.77 +8.4 +18.3 29...
Volume: 58Issue: 13Published at Fri, 27 Mar 2015 -
Naimi: Please Don’t Let Me Be Misunderstood
...owth of 820,000 b/d – down from 1.61mn b/d growth in 2014. This would represent the first fall in US output growth year on year since 2011. Saudi Arabia has held its oil output steady at around 9.6-9.7mn b/d and may have increased production to 9.9mn b/d recently, a GCC source says. It was not cl...
Volume: 58Issue: 13Published at Fri, 27 Mar 2015 -
Risk Premium Returns As Saudi Strikes Yemen Rebels, Iran Confrontation Widens
...uthis to withdraw from San’a and allow the legitimate government to return was rejected. The crisis in Yemen, one of the world’s poorest countries, began in 2011 when peaceful anti-government protests led to the ouster of ‘Ali ‘Abd Allah Salih, the long-time Yemeni leader who stepped down but re...
Volume: 58Issue: 13Published at Fri, 27 Mar 2015 -
Aramco International Drive Gathers Pace With Mufti Appointment
...em. And we want to use this transformation to help facilitate a globally competitive Saudi energy sector and a sustainable and diversified expansion of the kingdom’s economy.” A statement posted on the company website in May 2011 said the strategic review involved detailed assessment of global and re...
Volume: 58Issue: 13Published at Fri, 27 Mar 2015 -
Egypt Outlines 2015-16 Budget Guidelines
...s increased to 25% of the overall budget needs to be trimmed, adding that this increase was the result of the introduction of the minimum wage in the public sector as of the current year, normal salary increases and requests for adjustments pending since 2011. ...
Volume: 58Issue: 13Published at Fri, 27 Mar 2015 -
Qatar’s Spending Spree Set To Continue
...ioritization of projects, if state entities fail to do so. This decision, according to Mr Emadi, reflects the government’s commitment to press on with its sustained development drive, focusing on the implementation of major projects in health, education, infrastructure and transport under the 2011-16 na...
Volume: 58Issue: 13Published at Fri, 27 Mar 2015 -
Libya: Competing Power Bases Threaten To Tear NOC Apart
...ptember, the House of Representatives voted to sack the chairman of the central bank, Sadiq al-Kabir, claiming that he had blocked the transfer of funds to Baida. Mr Kabir is an experienced international banker who was appointed by the transitional government after the fall of Mu’ammar al-Qadhafi in 2011...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
ENOC In First Step Towards Possible Dragon Takeover
...prices set by the government even as it pays international prices for its imports. Although the UAE raised gasoline prices twice in recent years, it deferred a third price in the wake of the Arab revolutions of 2011, fearful of a backlash. Federal law requires that Enoc and its subsidiary Emirates Pe...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
His Mission Accomplished, Qatar’s Attiyah Bows Out
...to the world’s largest producer and exporter of liquefied natural gas (LNG) in almost record time. His mission completed, Mr ‘Attiyah was promoted to head of the Emiri court in 2011, by which time he had amassed a number of accolades and honors from foreign government and from the industry. He re...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
OPEC, IEA Diverge On US Supply Growth
...west since March 2011, and down 42% from the start of the year. US oil output is projected to average 13.65mn b/d in 2015, according to OPEC, indicating growth of 820,000 b/d – down from 1.61mn b/d growth in 2014. “Typical oil wells in shale plays decline 60% annually, and…losses can only be re...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
Iran Blasts OPEC’s No-Quota Policy, Vows Return To Markets
...OPEC/IRAN Iran’s Petroleum Minister Bijan Zanganeh this week slammed OPEC’s December 2011 decision to scrap individual production quotas in favor of an overall output ceiling, arguing that it has only encouraged some members to raise output, and ultimately eat into the market share of ot...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
Algeria, Poland To Share Shale Tips As Protests Continue
...ssian gas. However, the country failed to live up to its promise so far – Poland’s shale gas resources were estimated by the US Energy Information Administration (EIA) at 190 tcf in 2011 - with foreign companies exiting Poland in the past three years mainly due to poor exploration results and re...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015