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Saudi Shortlists Two In Solar Tender – But Not The Cheapest
...ant, which was inaugurated in 2014 after being built as a pilot project by state petroleum firm Bapco to supply some electricity to its Awali refinery. Iran is the largest renewables operator in the region, with 11.64GW of end-2016 capacity. However, 11.49GW (99%) of this is hydropower. Iran’s en...
Volume: 61Issue: 02Published at Fri, 12 Jan 2018 -
Opec’s 2017 Output The Second Highest On Record; What Does 2018 Hold?
...another “full year” of cuts in accordance with November’s agreement (MEES, 1 December 2017). For sure, Opec last year secured its first annual output fall since 2014: production averaged 32.49mn b/d. However, the big caveat is that this was just 130,000 b/d shy of 2016’s record 32.62mn b/d and th...
Volume: 61Issue: 02Published at Fri, 12 Jan 2018 -
Algeria Bans Imports In Latest Move To Curb Deficit
...15 2014 2013 REVENUE (AD BN) 6,714 +19.1 +14.1 +41...
Volume: 61Issue: 02Published at Fri, 12 Jan 2018 -
Iraq: Record Exports, But Contract Reform Hangs In The Balance
...ports of 3.535mn b/d in December. This edged out December 2016’s previous record of 3.519mn b/d. With average crude export prices averaging a more than three-year high of $59.29/B, revenues of $6.496bn were the most since September 2014. Full-year revenues of $59.3bn were the highest since 2014’s $84...
Volume: 61Issue: 01Published at Fri, 05 Jan 2018 -
China LNG Buying At Record Levels, Prices At 3-Year High
...ns seen in 2013 and 2014. • Each of the top three importers stepped up buying in December, with a continuing period of sub-zero temperatures across much of Korea and Japan combining with the record Chinese buying. • Spot prices rose to $11.20/mn BTU in late December and early January, ac...
Volume: 61Issue: 01Published at Fri, 05 Jan 2018 -
Saudi Hikes Gasoline Prices, Hard On Heels Of Electricity Tariffs Rise
...erage household consumed 2,000kWh/month in 2014. Until this year such users paid just SR100 ($27)/month given that the first 2,000kWh/month of consumption was charged at SR0.05/kWh. From 1 January they will pay SR360 ($96)/month, a more than threefold increase. But with the price for usage above 6,...
Volume: 61Issue: 01Published at Fri, 05 Jan 2018 -
The USA: The Global Oil Trade Titan
...e charts, p16). The provisional December crude output figure of 9.77mn b/d is up almost exactly 1mn b/d year-on-year; add in NGLs and output gains during calendar 2017 are 1.4mn b/d, second only to 2014’s record 2mn b/d growth. The vast bulk of these gains are light oil: of course NGLs, largely th...
Volume: 61Issue: 01Published at Fri, 05 Jan 2018 -
Qatar Petroleum Presses Ahead With Shakeup
...7bn thanks to the startup of the 146,000 b/d Ras Laffan 2 condensate splitter. If it wasn’t for technical problems forcing a temporary shutdown at Ras Laffan 1 in April, the revenue gains would have been higher. November’s $630mn products’ revenue was the highest since July 2014. IOCS IN QATAR’S CR...
Volume: 61Issue: 01Published at Fri, 05 Jan 2018