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MENA Oil & Gas: Key Production/Consumption Numbers From BP’s 2014 Statistical Review
...nsumption 2013 vs 2009 Balance 2009 2010 2011 2012 2013 mn...
Volume: 57Issue: 25Published at Fri, 20 Jun 2014 -
Yemen Oil Minister Replaced As Fuel Crisis Deepens
...e midst of a days-long blackout that followed, locals set tires and cars alight across the city, in what was in effect, a replay of the 2011 demonstrations that accompanied the Arab Spring. Roadblocks were also set up on a number of the city’s main roads, bringing economic activity to a virtual st...
Volume: 57Issue: 25Published at Fri, 20 Jun 2014 -
Iraq Fractures As North Falls To ISIS And Kurds Extend Their Reach
...dress Sunni demands and frustrations and his crackdown on protests that have been ongoing since the departure of US troops in 2011 made Iraq’s Sunni heartland fertile ground for the ISIS advance. Sunni tribes in the western province of al-Anbar have been protesting peacefully since early 2013. They de...
Volume: 57Issue: 25Published at Fri, 20 Jun 2014 -
South Korean Crude Oil Imports, ‘000 B/D
... May-14 Apr-14 Mar-14 YTD 14 YTD 13 ‘14 vs’13 2013 2012 2011 20...
Volume: 57Issue: 25Published at Fri, 20 Jun 2014 -
Benchmark Crude Prices ($/B)
...12 2011 WTI 106.43 105.32 102.58 101.90 102.02 98.56 97.54 98.03 94...
Volume: 57Issue: 25Published at Fri, 20 Jun 2014 -
Jihadist Advance Threatens Key Iraq Oil Facilities
...rmalized an already existing sectarian division in the country following the departure of US troops in 2011. Mr Maliki failed to obtain a parliamentary vote that would have allowed the cabinet to declared a state of emergency in Mosul and other areas overrun by Sunni militants, apparently without re...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014 -
IEA Sees $735Bn Investment In Evolving LNG Market Through 2035
...wn this year. More vessels will hit the water, further lowering charter rates: after reaching a high of about $150,000/day after Japan’s 2011 Fukushima Daiichi nuclear accident, rates have decreased to about $70,000/day and will likely continue on a downward trajectory. Oil & Gas Transport In...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014 -
Renewables: Turkey, UAE Make Progress But MENA Investment Lags
...e record level in 2011. Of this investment only $9bn was in the Middle East and Africa, and this includes $4.9bn from South Africa alone – less than $4bn, ie well under 2% of the global total, was in MENA (see chart). New Capacity Turkey added 112MW of geothermal generating capacity in 2013, ta...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014 -
Cyprus Lays Out Renewables Plans
...timism is not shared by the Cyprus Green Party which predicts the government could still fall short of its 13% target if more is not done on the renewables front. The Greens argue that following the 2011 Mari Naval Base munitions explosion, which took out much of the island’s main power plant at ne...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014 -
Nigerian Minister Surprises With Bid For OPEC Top Job
...mpany NNPC. It is not known who paid for the FT advert. The minister’s aides have denied the charge and she herself said in a statement after the allegations surfaced that the chartered aircraft was used to carry out official duties. Since her appointment in June 2011, the minister has been cr...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014 -
Libya: Optimism Tempered By Fighting And Production Woes
...gn Mr Maiteeq went quietly, accepting the verdict the same day, a relief for Libyans. Mr Thinni only re-assumes the post temporarily; elections are due late this month. But for the first time since the fall of former leader Mu’ammar al-Qadhafi in 2011, the country is immersed in a drawn out bl...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014 -
Jordan Plans $1Bn Bond
...reign grants to reduce its budget deficit. It expects to receive JD1,151mn ($1,623mn) in foreign grants in 2014, up from JD982mn ($1,385mn) in 2013 (MEES, 21 March). Gas Shortage Jordan’s fiscal situation worsened after the 2011 Egyptian revolution, which led to a disruption in Egyptian gas su...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014 -
IEA World Energy Investment Outlook: Can We Still Count On The Middle East?
...the modeling and analysis are based. The focus is on the ‘New Policies Scenario’. Under this central scenario, global primary energy demand increases by one third between 2011 and 2035. This overall trend, however, masks marked differences between fuels: oil grows at 13% during the period; co...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014 -
Benchmark Crude Prices
...13 2013 2012 2011 WTI 106.53 102.58 103.47 101.90 102.02 98.56 97...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014 -
Rising Oil Exports Raise Questions Over Washington’s Iran Policy
...ndensates rose by close to 200,000 b/d in April versus March levels, to breach the 1.4mn b/d mark. By 2011 standards, this would represent a disastrous month for Iranian exports, which were then averaging upwards of 2.5mn b/d. Fast forward three years however, and the figures are still alarming – but fo...
Volume: 57Issue: 23Published at Fri, 06 Jun 2014 -
KRG Oil Export Plans All At Sea
...rsang since 2010. It has made two significant discoveries in the Swara Tika structure, the last of which was in 2011. But it did not declare commerciality until May this year, beyond the five-year exploration period specified in the production-sharing agreement signed in 2007. The delay soured re...
Volume: 57Issue: 23Published at Fri, 06 Jun 2014 -
Libya: Exports Down, Output Down, Violence Continues
...rf offshore fields is not sold to the international market, it would be the first time since 2011 that Libya ceased to export oil completely. Production, which averaged 200,000 b/d in April, edged up slightly to average 220,000 b/d in May, according to MEES estimates. However, this higher monthly av...
Volume: 57Issue: 23Published at Fri, 06 Jun 2014 -
Cost Of Conflict Rises To $144bn
...SYRIA A report released last week, prepared by the Syrian Center for Policy Research (SCPR) and commissioned by UNRWA and UNDP, indicates that the Syrian economy has sustained losses of $143.8bn between the start of that country’s civil war in 2011 and the end of 2013. These losses ar...
Volume: 57Issue: 23Published at Fri, 06 Jun 2014 -
Lebanon’s First Bid Round Likely Pushed Back To 2015
...vestors alike. Gulf citizens were a major boon to Lebanon’s economy, making annual pilgrimages to enjoy Beirut’s comparatively tolerable summers. This dynamic ended abruptly with the spread of violence in Syria in 2011, the influx of more than a million refugees into Lebanon, as well as the violence an...
Volume: 57Issue: 23Published at Fri, 06 Jun 2014 -
Benchmark Crude Prices ($/B)
...12 2011 WTI 102.48 103.47 103.42 101.90 102.02 98.56 97.54 98.03 94...
Volume: 57Issue: 23Published at Fri, 06 Jun 2014