- Sort by:
- Score
- Published ▼
-
Oil Exporters/Importers Performance Gap Shrinking, Says IMF
...lf Cooperation Council (GCC) countries. The report says additional oil supplies from Iraq and Libya are expected to more than offset a decline in oil exports from Iran in 2013, while lower net demand for Saudi crude exports could result in marginally lower production. Looking ahead at 2014, ov...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Cyprus Bail-Out Terms Signal Huge Policy Shift For Eurozone Bank Resolution
...idelines set in Frankfurt. The Eurogroup hopes that the SSM will begin operations in 2014. Furthermore, transactions - account opening and money transfers - will in future be subject to much greater scrutiny, removing one of the competitive advantages which Cyprus held over most Eurozone countries, where su...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Egypt: Fraying At The Seams
...andard $2.65/mn BTU state firm EGPC pays foreign operators. BG in February sanctioned the latest phase, ‘9b,’ of its giant West Delta Deep Marine project, which it hopes will boost output from 2014, having said that go-ahead was linked to receiving guarantees from EGPC on LNG export volumes. Of...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
DNO, Genel See Iraq Crude Boost
...heme operating in the first half of 2014. Over the same period we will be evaluating and drilling a number of other prospects we have in the Chia Surkh license,” he said. The Chia Surkh license is operated and held 60% by Genel Energy. The remaining 40% is held equally between Petoil Inc and th...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Basra-‘Aqaba 1Mn B/D Pipeline Project Advances
...fshore Single Point Mooring Buoys (SPMs) to boost southern export capacity to 6.6mn b/d will be in place by end 2014, pledged Thamir al-Ghadhban, head of the Iraqi Prime Minister’s Advisory Commission (MEES, 29 March). Two SPMs were installed by last March, but only one has been able to load at any one ti...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Lebanon Starts Up Power Barge, Awards Contract For New Plants
...ectricity, respectively. Being built by Danish contractor Burmeister and Wain at an estimated cost of €270mn, they are scheduled to be handed over to EDL in 2014. Initially run on diesel fuel, they will be convertible to gas-fired operation when Lebanon has gas supply infrastructure working as planned. ...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Kufpec Looks to Asia-Pacific To Boost Output
....4%) as well as the 2014 start of the 10,500 b/d Balnaves development (Kufpec 35%) in Australia. Yemen, Pakistan Make Up 60% Of Kufpec Production Yemen and Pakistan production accounts for about 60% of total Kufpec production. MEES reported on 29 March that Kufpec was among nine co...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Shell Set For Major Fujairah Storage Lease
...veloped into a top global bunkering, storage and trade center and is of comparable importance and size to Singapore and Rotterdam. Expansion Plans It is expected to expand further: liquid fuel storage capacity is expected to double to over 10mn cu ms by the end of 2014, from nearly 5mn cu ms...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013 -
SEC To Sign Rabigh-2 Power Plant Deal, Concludes $2Bn Sukuk
...ovince Under construction 2014 Rabigh IPP2 1,800 140km north of Jiddah Pre financial close stage 2016 Dhuba IPP1 550 North West Red Sea Coast Planning stage 2016 Dhuba IPP2 1,...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013 -
China & GCC Widen Energy Ties
...ey had gathered in New York for a UN General Assembly meeting. Outgoing Prime Minister of China, Wen Jiabao, visited Abu Dhabi in January 2012 as Chinese oil companies were chasing onshore concessions ahead of their January 2014 expiration. As Vice President in 2008, Mr Xi held extensive me...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013 -
Iran’s Economy Facing a Challenging Year
...deed seem to indicate that the new Persian year (March 2013-March 2014) is likely to witness—apart from unforeseen political crises related to the June 2013 presidential election or other events - a combination of anemic growth, double-digit inflation, near record unemployment, multiple exchange ra...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013 -
Baghdad Refocuses Oil Industry Priorities
...rgets has been postponed, but nevertheless Baghdad is still pushing hard for near-term growth, aiming for average 2013 crude exports of 2.9mn b/d, up almost 600,000 b/d on last year, and it is targeting 2014 output of 4.5mn b/d, compared to just over 3mn b/d last year. Iraq added significant pr...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
‘New Eni’ Reduces North African Exposure
...0 600 >90% CAFC Gas* Algeria 13-Mar 5 * 70 >90% Wafa Compression Libya 2014 60 37 460 47...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
Benchmark Crudes, Saudi Arabia - Economic Data & Saudi Arabia Export Revenue
...erage settlement prices for period in question Saudi Arabia - Economic Data 2014** 2013** 2012E 2011p 2010 2009 2008 2007 Nominal GDP $bn* 794.3 773 744 57...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
ADNOC Shipping Arm Looks East For Profits
...12). Additionally, liquid hydrocarbons storage at Fujairah is expected to double to over 10mn cu ms by the end of 2014, from nearly 5mn cu ms at the end of 2012 (MEES, 1 March). Storage expansion plans include a 1.125mn cu ms facility being built by Singapore-based Concord Energy and China’s Si...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
MENA Refiners Mull New Projects Amid Major Expansion Program
...e Ruwais plant a 417,000 b/d refinery that is due to start up in 2014. Takreer is also building a carbon black and delayed coker plant at Ruwais, with completion scheduled for December 2015 (MEES, 9 November 2012). Meanwhile, UAE government investment vehicle International Petroleum Investment Co...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
UAE Makes Progress On Nuclear Plant, Iran’s Bushehr Off-Line
...actors. FANR issued construction licenses for Units 1 and 2 in July 2012, and first concrete for Barakah-1 was poured shortly afterwards. ENEC plans to apply for an operating license for Unit 1 in 2015 and will pour concrete for Unit 2 in mid-2013. Delivery of fuel for Barakah-1 will begin in 2014...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
Dolphin Prepares For 1.2Bn CFD Gas Boost
...ar with surplus production being pumped into it. It could provide 400-500mn cfd for four-five years when the next North Field development, 1.4mn cfd Barzan, starts production in 2014 – the year that Dolphin’s extra compressors are planned to start up. QP had previously expected to strip out th...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013 -
BG Sanctions WDDM Phase 9a Following Payments Deal
...rried out from the second to the fourth quarters, 2014....
Volume: 56Issue: 12Published at Fri, 22 Mar 2013 -
SAMA Projects 4.2% GDP Growth In 2013
...MA’s 48th Annual Report, Dr Mubarak declined to give a forecast for Saudi economic growth and said that SAMA will take guidance from the IMF predictions of 4.2% in 2013 and 3.8% in 2014. The governor noted that in 2012 the kingdom achieved an actual budget surplus of SR386bn ($103bn) and said th...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013