1. JAPANESE LNG IMPORTS 2005-2015

    ...VOLUME (mn tons) 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014...

    Volume: 58
    Issue: 33
    Published at Fri, 14 Aug 2015
  2. MENA Nuclear Progress Gathering Pace

    ...mpleted the installation of a second reactor vessel at Barakah in UAE, having completed its first reactor in May 2014. The UAE is building four 1.4GW nuclear plants, which the Emirates Nuclear Energy Corporation (ENEC) maintains are on schedule for start-up at a rate of one per year in 2017-20. ENEC has in...

    Volume: 58
    Issue: 33
    Published at Fri, 14 Aug 2015
  3. IEA Sees Oil Market Oversupply Through 2016

    ...mmer has seen demand react more swiftly than supply, the IEA says, and as a result global oil demand this year is projected to be up 1.6mn b/d on 2014 levels as economic growth consolidates, and consumers burn more oil. This represents “the biggest growth spurt in five years, and a dramatic uptick on a de...

    Volume: 58
    Issue: 33
    Published at Fri, 14 Aug 2015
  4. OMV And Eni Recognize Risk Of Ongoing Instability In Libya

    ...eady in recent months, at around 700-800mn cfd.  Eni’s gas sales to importers in Italy in the first half of the year amounted to 1.11 bcm, up 73.4% compared to the corresponding period of 2014 due to a “higher availability” of Libyan output, said the report. The company is also responsible for gas fe...

    Volume: 58
    Issue: 33
    Published at Fri, 14 Aug 2015
  5. Libya Premier Announces Resignation From Baida Government

    ...coming prime minister in March 2014. In May this year, he was the target of an assassination attempt by an unidentified gunman, who fired on the prime minister’s car as he was leaving a parliamentary session in Tobruk (MEES, 29 May). The attack was accompanied by an attempt by gunmen to storm pa...

    Volume: 58
    Issue: 33
    Published at Fri, 14 Aug 2015
  6. Cash-Strapped Samir Shuts Morocco’s Refinery Temporarily

    ...at rate. JODI data show the plant’s throughput varies widely on a month-to-month basis (see chart). Refinery runs peaked at 167,000 b/d in March 2014, before setting a recent low of 58,000 b/d in January 2015. The latest monthly average available was 107,000 b/d for May 2015. Morocco is he...

    Volume: 58
    Issue: 33
    Published at Fri, 14 Aug 2015
  7. Exit The Dragon As Enoc Takes Charge

    ...wever, Dragon’s production costs in Turkmenistan are relatively low and its balance sheet remains healthy despite a 52% slump in operating profit. Dragon maintained its capital expenditure at $313.2mn in the first half of this year, unchanged from the corresponding period in 2014, ending the first half of...

    Volume: 58
    Issue: 33
    Published at Fri, 14 Aug 2015
  8. Iraq ‘Below Investment Grade’ Ahead Of Bond Issue

    ...ttlenecks remain a constraint and investment plans were set back by payment arrears in 2014,” Fitch adds. The rating agency notes that the fiscal position has deteriorated rapidly since 2013, with double-digit fiscal deficit forecasted for 2015, as a result of lower oil prices, higher military spending an...

    Volume: 58
    Issue: 33
    Published at Fri, 14 Aug 2015
  9. Saudi Turns To Debt Market

    ...nds, a board member of Bank Albilad says. Other bankers have expressed concern however that this could tighten liquidity in the sector over the coming months. Given the low level of public debt in Saudi Arabia – SR44bn ($11.7bn) at the end of 2014, or 1.6% of GDP – bankers are not overly concerned ab...

    Volume: 58
    Issue: 33
    Published at Fri, 14 Aug 2015
  10. Gulf Oil Economies Must Wake Up Or Face Decades Of Decline

    ...ICES ($/B)   Average       Projections    2000–11 2012 2013 2014 2015 20...

    Volume: 58
    Issue: 33
    Published at Fri, 14 Aug 2015
  11. Iraq: Key 2Q15 Oil Data (‘000 B/D)

    ...1H14 1H14 2014 2013 2012 2011 2010 CRUDE OUTPUT: Federal^   3,591 3,288 3,...

    Volume: 58
    Issue: 33
    Published at Fri, 14 Aug 2015
  12. Benchmark Crude Prices ($/B)

    ...15 2014 2013 2012 WTI 42.23 44.92 47.96 51.15 59.86 58.02 48...

    Volume: 58
    Issue: 33
    Published at Fri, 14 Aug 2015
  13. Iraq, KRG Boost Oil Exports But Both Still Short-Changed

    ...spite receiving hardly any payments for their crude oil production since May 2014, have maintained operations and have continued to invest to support Kurdistan’s crude oil export. Crude oil export is the principal revenue earner for the Kurdistan Region. But, it is also recognized that it is di...

    Volume: 58
    Issue: 32
    Published at Fri, 07 Aug 2015
  14. BP, Eni Tout Improved Egypt Economics

    ...es to foreign oil firms fell sharply with two bumper payouts at the end of 2014, all the indications are that they have edged back up since, though Oil Minister Sharif Isma’il this week told Reuters that Egypt planned to cut its debts to $2.9bn by the end of August from the current $3.5bn. Dues were $3....

    Volume: 58
    Issue: 32
    Published at Fri, 07 Aug 2015
  15. Ganope Block Awards

    ...EGYPT Ganope Block Awards Ganope, the Upper (southern) Egypt-focused arm of state firm EGPC on 3 August awarded five of the 10 blocks on offer in its 2014 bid round, “an excellent result while facing the challenges of the recent decline in crude oil prices,” Ganope says. Total co...

    Volume: 58
    Issue: 32
    Published at Fri, 07 Aug 2015
  16. Saudi Arabia Explains Goals Of CO2 Project

    ...taining its goal of improving oil recovery rates from mature fields. As reported by MEES previously (MEES, 7 Feb 2014), the CO2 injection project was stepped up at the start of last year when Saudi Aramco began conducting an enhanced oil recovery project at ‘Uthmaniyah. RECOVERY BOOST Saudi Ar...

    Volume: 58
    Issue: 32
    Published at Fri, 07 Aug 2015
  17. EU-Algiers Political Efforts Out Of Touch With Market Realities

    ...om power and petrochemicals plants within the country have eaten into the volumes of gas available for export. Falling gas export volumes and the halving of oil prices saw export revenues fall by a massive 42% between the first half of 2014 and 2015 (MEES, 31 July); and with gas prices lagging those of...

    Volume: 58
    Issue: 32
    Published at Fri, 07 Aug 2015
  18. Egypt Signs Deals For CDU, Diesel Units In Push To Meet Rising Demand

    ...isomerization unit (MEES, 19 June). DIESEL DEMAND Egyptian diesel demand is on track to set new records this year: consumption for Jan-May 2015 averaged 274,000 b/d, up from 2014’s 266,000 b/d. EGPC’s efforts to revive diesel output are also already showing through in the data: from a peak of...

    Volume: 58
    Issue: 32
    Published at Fri, 07 Aug 2015
  19. Oil Prices Suffer As Opec Output Rises Again In July

    ...nce the middle of last year. Brent crude futures, which have been trading at between $55-65/B for much of the year – down from a 2014 peak of $115/B in late-June – fell further to a near five-month low this week on a combination of weaker demand data from China, the world’s second largest co...

    Volume: 58
    Issue: 32
    Published at Fri, 07 Aug 2015
  20. Iran Plans March Azar Start-Up

    ...me way off the 60,000 b/d end-2014 production target (MEES, 25 July 2014). Plateau production of 170,000 b/d is slated for 2017. Under increasingly harsh sanctions over the country’s controversial nuclear program, Iran has fallen behind its predominantly Gulf Arab neighbors in the development of it...

    Volume: 58
    Issue: 32
    Published at Fri, 07 Aug 2015