- Sort by:
- Score
- Published ▼
-
Start Date For Phase 2 Of Subsidy Reform Plan Still Unclear
...rrent Iranian year – which began on 21 March 2011 – as a direct consequence of these subsidy cuts. Mr Farzin also added that despite fervent parliamentary opposition, some 10mn relatively well-to-do individuals would be excluded from receiving support payments in the second phase. “Speaking of the su...
Volume: 55Issue: 06Published at Mon, 06 Feb 2012 -
Turkey Files Lawsuit Against Iran Over Gas Price
...quirement, according to a 31 January TRT Haber TV report. In 2011 Iranian exports to Turkey increased by 12% compared to 2010, although the overall supply of 24mn cmd compares with a pipeline nameplate capacity of 36-40mn cmd. Turkish Minister of Energy Taner Yildiz had announced Ankara’s intension to take Ir...
Volume: 55Issue: 06Published at Mon, 06 Feb 2012 -
Kuwait’s Opposition Gaining Seats In Parliament
...vestigations – one each by the ministry and parliament – into an ongoing consultancy contract that Shell has in the development of northern Jurassic gas fields (MEES, 8 August 2011). The dissolution of parliament halted the enquiries, which are expected to restart once there is a new government and pa...
Volume: 55Issue: 06Published at Mon, 06 Feb 2012 -
Qatar Earmarks $25Bn For Domestic Petrochemicals Output Expansion
...5bn petrochemical complex in Ras Laffan Industrial City (MEES, 12 December 2011). The plant will include a world-scale steam cracker, a 1.5mn t/y monoethylene glycol plant, a 300,000 t/y linear alpha olefins plant and another olefin derivative unit. The agreement gives state-owned QP an 80% stake in th...
Volume: 55Issue: 06Published at Mon, 06 Feb 2012 -
APICORP Puts 2012-16 MENA Energy Sector Investment Needs At $525Bn
...mmentary. Despite far-reaching implications of the ongoing upheaval stemming from the Arab Spring, the sovereign debt crisis, and imposition of sanctions by Europe on Iranian crude imports, APICORP said that its September 2011 forecast remains unchanged (MEES, 3 October 2011). However, the bank warned that ac...
Volume: 55Issue: 06Published at Mon, 06 Feb 2012 -
Gulfsands KHE-102 Appraisal Well Encounters Gas And Oil
...eld of 49 barrels per mn cu ft. As far as concerns production and exploration activities in 2011, Gulfsands said that Khurbet East and Yousefieh fields continued to perform extremely well during the year. It noted that four new wells were drilled, raising oil production to a level in excess of 24...
Volume: 55Issue: 06Published at Mon, 06 Feb 2012 -
Dragon Oil Generates Record 2011 Revenues, Ups Production By 30%
...UAE/CASPIAN Dragon Oil Generates Record 2011 Revenues, Ups Production By 30% Dubai-based Dragon Oil has announced record revenue figures for the 2011 calendar year, during which its crude oil production increased by 30% relative to 2010. The exploration and production company ramped up...
Volume: 55Issue: 06Published at Mon, 06 Feb 2012 -
Algeria To Generate 22GW Of Renewable Energy By 2020
...inciple to a long term cooperation with the DII in mid-May last year, marking a sharp change in policy after Algerian officials initially expressed reservations about their participation in the initiative because of doubts regarding the sovereignty of the territory (MEES, 30 May 2011). “Algeria offers pe...
Volume: 55Issue: 05Published at Mon, 30 Jan 2012 -
US Envoy Voices Doubts Over Nabucco’s Prospects, May Favor SEEP
...ll not be large volumes in the beginning.” Nabucco is one of four major pipeline projects competing to supply gas from Azerbaijan’s Shah Deniz Stage 2 development to Europe (MEES, 19 December 2011). Mr Morningstar spoke in favor of projects that “focus on gas supplies via the south direction to th...
Volume: 55Issue: 05Published at Mon, 30 Jan 2012 -
Shah Deniz Expected To Win Waiver From US Sanctions
...empted from the latest round of US sanctions against Iran, as set out in the Iran Threat Reduction Act of 2011 which was signed into law by President Barack Obama on 31 December 2011. Shah Deniz leading partner BP, along with EU and US officials including Ambassador Richard Morningstar, the US Special En...
Volume: 55Issue: 05Published at Mon, 30 Jan 2012 -
Gazprom And Socar To Expand Gas Trade In 2012
...om Azerbaijan in 2010 and almost 1.6 bcm in 2011....
Volume: 55Issue: 05Published at Mon, 30 Jan 2012 -
Kuwait Energy Announces Gulf Of Suez Oil Find
...lds a 70% working interest, with Omani independent oil company Petrogas E&P holding the remaining 30%. A statement by Kuwait Energy said that its Egyptian operations contribute the largest share to its working interest production of 17,700 boe/d at the end of 2011. The company is operator of Area A, the Bu...
Volume: 55Issue: 05Published at Mon, 30 Jan 2012 -
‘Experimental’ Amounts Of Egyptian Gas Flowing To Jordan
...eraged 80mn cfd in 2011. The disruption in supply began early last year following the collapse of the Mubarak regime when saboteurs in the Sinai Peninsula began to attack the pipeline infrastructure around al-'Arish affecting Egyptian gas shipments to Jordan and to Israel. Jordan relies on Egyptian ga...
Volume: 55Issue: 05Published at Mon, 30 Jan 2012 -
NOC Claims To Have Hit 1.3Mn B/D Production Mark
...sis Group’s Gialo and Defa fields and Eni’s Murzuq basin blocks have made a sizeable contribution. Late last month output stood at around 1mn b/d, with the 70,000-80,000 b/d Gialo field just having begun to restart (MEES, 26 December 2011). Output at Wintershall’s NC-96 and NC-97 fields is up at ar...
Volume: 55Issue: 05Published at Mon, 30 Jan 2012 -
IMF Marks Down Global Growth, But Keeps MENA Forecast Unchanged
...REGIONAL IMF Marks Down Global Growth, But Keeps MENA Forecast Unchanged The IMF cut its global economic growth forecast on 24 January. Citing intensifying strains from the Eurozone crisis, it predicted an increase of only 3.3% in 2012 and 3.9% in 2013. In its September 2011 forecast, th...
Volume: 55Issue: 05Published at Mon, 30 Jan 2012 -
Samba Sees Saudi GDP Up 3.8% In 2012
...oil imports from Iran. It predicts that the kingdom will see higher growth in 2013, and puts this at 4.5%. In 2011 the growth rate was 6.8%, the highest since 2003, with much of this attributable to gains in crude oil production due to Libyan outages. However, the non-oil sector also benefited fr...
Volume: 55Issue: 05Published at Mon, 30 Jan 2012 -
South Sudan Shutting Down Oil Output As Kenya Pipeline Deal Is Signed
...ndlocked south, which seceded from Sudan last July (MEES, 11 July 2011). A memorandum of understanding (MOU) was signed by South Sudan and Kenya allowing for “the development of an oil pipeline and fiber optic connections between the oil fields in South Sudan and the Kenyan port town of Lamu,” a statement re...
Volume: 55Issue: 05Published at Mon, 30 Jan 2012 -
Western Sanctions Cost Syria $2Bn Since September
...SYRIA Western Sanctions Cost Syria $2Bn Since September US and EU sanctions on Syrian oil exports since the beginning of September 2011 have cost the county an estimated $2bn, Syrian Minister of Petroleum and Mineral Resources Sufian 'Alaw announced in a press conference on 20 Ja...
Volume: 55Issue: 05Published at Mon, 30 Jan 2012 -
Syria Moves Towards A Managed Float Of Its Currency
...SYRIA Syria Moves Towards A Managed Float Of Its Currency With the ongoing political upheaval in Syria since March 2011, the value of the Syrian pound is continuing its slide on the foreign exchange market, hitting a low of $1=S£71 on the free market a week ago. Syrian Prime Minister 'Ad...
Volume: 55Issue: 05Published at Mon, 30 Jan 2012 -
KMG Reshuffle Continues After Kazakh Parliamentary Elections
...re fueled by KMG’s decision to fire several thousands of oil workers who went on strike in May 2011 over reduced wages. Mr Akchulakov replaces Lazzat Kiinov, who succeeded Mr Akchulakov on 22 December 2011 as head of KMG. This Soviet-style reorganization is being viewed as a first indication that Mr...
Volume: 55Issue: 04Published at Mon, 23 Jan 2012