- Sort by:
- Score
- Published ▼
-
Iraq’s Integrated National Energy Strategy: Investment And Institutional Requirements
...llion as capital expenditures and $90 billion as operating expenses), in 2011 dollars between 2012 and 2030, including all contracted payments to TSC operators. Of this total figure, it is assumed that about 15% will be available from private investments, primarily in refineries and linked in...
Volume: 56Issue: 25Published at Fri, 21 Jun 2013 -
Benchmark Crude Prices ($/B)
...12 2011 WTI 95.14 96.31 94.26 94.75 92.09 94.42 88.25 94.18 95...
Volume: 56Issue: 25Published at Fri, 21 Jun 2013 -
Protests Drive Libyan Output Below 1Mn B/D
...venues to finance the budget,” NOC warns. “NOC rejects the methods of extortion and threat caused by the closure of roads and the stoppage of production,” it adds. In the wake of the overthrow of Qaddafi in late 2011, NOC managed to boost output from virtually zero to 1.6mn b/d in a few months (MEES, 31 Ma...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
Shale Oil And Gas: US Hikes Global Reserves Estimates
...ministration (EIA) raises its total global reserves estimate to 7.2tcf of shale gas (up from 6.6tcf in its previous 2011 report) and 345bn barrels of shale oil (up from 32bn barrels - see table). “While the 2011 report focused exclusively on natural gas, recent developments in the United States highlight the ro...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
BP Data Charts Mixed Fortunes For Middle East Producers In 2012
...cord high.” Dated Brent reached an average of $111.67/B, although this was a mere 40¢/B up on 2011. Global Output Up, Despite Iran “For the second consecutive year, a major OPEC producer experienced a significant decline in output,” said BP chief economist Christof Rühl, referring to Ir...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
Mideast Refining Capacity Edges Up, Runs Fall
...wever, capacity utilization actually declined last year, with throughputs of 6.444mn b/d, down just over 1% from 2011’s record high of 6.519mn b/d. Launching the review in London on 12 June, BP chief economist Christof Rühl said that global refining capacity utilization barely improved in 2012 de...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
Kuwait Ponders Long-Term Power Fuel Supply Options: MEES Analysis
...rrently has 14.56gw of power generation capacity. It has no major medium-term plans for renewable energy, and the amir has cancelled tentative plans to build nuclear plants, following Japan’s March 2011 Fukushima disaster. The power plant slated to next come onstream is al-Zour, which has been th...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
MENA Renewables Sector To Continue ‘Massive’ Growth, Says Irena
...newables Report says regional investment topped $2.9bn in 2012, up 40% from 2011. “With over 100 projects under development,” said Irena, “the region could see a 450% increase in non-hydro renewable energy generating capacity in the next few years.” MENA governments have announced additional non-hydro re...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
Algeria In $96Bn Facilities Spend
...port. The company invested AD233.2bn ($3.07bn) in 2012, up 8.3% on 2011. Sonelgaz generated a total 54.09 terawatt-hours of electricity in 2012, said APS, up 10.7% on 2011. Sonelgaz says Algeria’s total generating capacity rose to 12.977gw by end-2012 from 11.392gw at end-2011. The company no...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
OPEC Voices Cautious Optimism Over 2H13 Demand
...ll again.” Average OPEC oil output in May rose by 105,000 b/d from the previous month to 30.57mn b/d, the group said – some 570,000 b/d greater than the 30mn b/d production ceiling that has been in place since December 2011. These figures compare with MEES estimates of a 61,000 b/d increase in...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
Turkey At The Crossroads
...wards a single aim, ie Erdogan’s removal – that mirror the 2011 Arab Spring revolts. Erdogan may well overcome his rivals this time, but Turkey’s opposition now has a template to work from. Erdogan To ‘Throttle’ Banks Mr Erdogan’s reaction to the clashes was true to form. He continued on his to...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
Qatar’s New Leadership: Impact On QP’s And QIA’s Strategies
...e p16). Shaikh Hamad also heads its subsidiary Qatar Holding. QIA’s energy buying spree started in 2011 – with stakes in European utility firms Energias de Portugal and Spanish electricity supplier Iberdrola. In 2012 it bought 3% stakes in Total and Shell, and MEES learns it is still in ta...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
Egypt-IMF Talks Edge Forward; Budget Deficit Overshoots
...the first 10 months of financial 2012-13, at E£125.4bn ($17.9bn), appears on target to come in below the projected E£182.8bn ($26.1bn) annual figure and more or less level with 2011-12’s E£150bn; in fact the energy portion is set to undershoot (see graph 2). Energy subsidies – indicated in the fi...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
IMF Approves $1.74Bn Reform Loan For Tunisia
...fficulties and a series of external shocks following the 2011 revolution. It adds that due to a challenging economic environment, as well as regional and domestic tensions, real GDP contracted by 2% in 2011, foreign direct investment and tourism declined by more than 30% year-on-year, and unemployment rose to...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
Benchmark Crude Prices ($/b)
...12 2011 WTI 96.69 94.26 93.48 94.75 92.09 94.42 88.25 94.18 95...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
Iraq: Shell Steps On The Gas With Basra Project
...sra gas processing from 250mn cfd to 400mn cfd since the contract was signed in late 2011. Now discussions are underway to add another 1.1bn cfd of processing capacity over the next few years. But rising crude output has exacerbated Iraq’s already massive flaring problem, with a lack of processing fa...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013 -
Libya: Berruien Out?
...e post-revolutionary rebirth of Libya’s oil industry. In just seven months, August 2011 to March 2012, Libyan oil production went from practically zero to 1.4mn b/d. Progress has been harder going since then, but Mr Berruien’s departure, if confirmed, would come as a blow to many foreign in...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013 -
Iran Crude Importers Secure New US Waivers
...a mistake,” he said. The US in December 2011 passed a law cutting off access to the US financial system for foreign financial institutions involved in oil trade with Iran and its Central Bank, unless their home countries were given a waiver by considerably reducing its oil import volumes fr...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013 -
GCC Petchems Sector ‘Thriving’ With 5.5% Growth For 2012
...12, outperforming global chemical production which grew by 2.6% in 2012, lower than the 3.8% growth rate in 2011.” Saudi Arabia maintained its position as the region’s largest petrochemicals producer with 86.4mn tons of capacity – 67.6% of the regional total, the GPCA says (see gr...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013 -
Saudi-Egypt Power Link Deal Signed, But GCC Grid Usage ‘Minimal’
...en Oman was connected (see map). But whilst the GCC grid has achieved its primary objective of increasing cross-border electricity supply –unscheduled power exchange doubled from 2010 to 2011 and from 2011 to 2012, according to GCCIA CEO Ahmad al-Ibrahim – traded energy fell to zero in 2012 after a fl...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013