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Iraqi Oil Output Plunges As Pressures Mount
...2014 2013 2012 2011 2010 CRUDE OUTPUT: Federal* 2,783 3,042 -259 3,356 2,...
Volume: 58Issue: 13Published at Fri, 27 Mar 2015 -
Libya: Competing Power Bases Threaten To Tear NOC Apart
...ptember, the House of Representatives voted to sack the chairman of the central bank, Sadiq al-Kabir, claiming that he had blocked the transfer of funds to Baida. Mr Kabir is an experienced international banker who was appointed by the transitional government after the fall of Mu’ammar al-Qadhafi in 2011...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
ENOC In First Step Towards Possible Dragon Takeover
...prices set by the government even as it pays international prices for its imports. Although the UAE raised gasoline prices twice in recent years, it deferred a third price in the wake of the Arab revolutions of 2011, fearful of a backlash. Federal law requires that Enoc and its subsidiary Emirates Pe...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
Iran Beats The Odds With 20% Gas Output Hike
...2014 2020+ 2.00 77 15,16 94 2011 2015-16 1.80 80 17,18 88...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
Kuwait To Invite IOCs To Bid On Expansion Projects
...rst phase, rising to 270,000 b/d by 2020 and to 270,000 b/d by 2030. Kuwait, which has managed to raise its non-associated gas production since 2011, is targeting a doubling of its gas production capacity to 3bn cfd by 2030, largely from its northern gas fields. But as with most of its major ca...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
A Tale Of Two Libyas As Jihadists Step Up Oil Field Attacks
...wer – essential for water injection – has consistently been a limiting factor on production at the two fields since Libya’s 2011 revolution (MEES, 17 May 2013). The fields had only been briefly back on stream following an attack on the pipeline transporting crude to the 150,000 b/d capacity Hariga te...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
Iran Taps SWF For $4.8Bn Oil Project Funds
...st one quarter of what it earned in the year starting March 2011, before international sanctions limiting its oil exports came into effect. Including its gifts of crude oil to Syria – estimated at between 50,000 b/d and 70,000 b/d (see p21) – Iran’s crude oil and condensate exports averaged 1....
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Options Narrow As Libya Peace Talks Collapse
...ters to prevent the delivery of weapons to Islamic radicals, and both Libya and Egypt requested that an arms embargo imposed on Libya in 2011 be lifted. Neither request was granted. ARAB INTERVENTION FORCE? Mr Sisi has also called for the creation of a joint Arab military force, and claims that Jo...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Algeria: Mixed Shale Signals Highlight Deeper Economic, Political Disarray
...mands specific to the southern Algerian and Sahara regions. But this is likely to resonate among the overall population,” Ms Jacobs says. REVENUES DOWN, STABILITY THREAT In the wake of upheavals in the Arab world since 2011, Algeria has managed to maintain a certain level of social st...
Volume: 58Issue: 08Published at Fri, 20 Feb 2015 -
ENI Sanguine On Libya
...om Italian pipeline operator Snam Rete appear to support his bullishness. These show volumes of over 700mn cfd so far this month, higher than the average for 2014, or indeed any year since the 2011 ouster of Colonel Qadhafi. LIBYA GAS EXPORTS TO ITALY (MN CFD)...
Volume: 58Issue: 08Published at Fri, 20 Feb 2015 -
Cash Crunch Suffocates Iran’s Oil Sector
...r day], so the petroleum ministry will get less than $3bn. How can we run Iran’s petroleum industry with this money?” he said. Iranian oil exports – crude and condensate – stood at just 1.1mn b/d in 2014 on average, down more than 55% from 2.53mn b/d in 2011, before the latest round of sanctions on...
Volume: 58Issue: 08Published at Fri, 20 Feb 2015 -
Baghdad, Erbil Face IOC Revolt As Cash-Crunch Stalls Payments
...e world had entered a new era of lower oil prices, predicting they would not recover to the $110/B level they averaged between 2011 and 2013 in the next few years. “It is very clear Iraq will not be able to deliver the quantum of production growth that is baked into people’s supply assumptions,” th...
Volume: 58Issue: 07Published at Fri, 13 Feb 2015 -
Libya Peace Talks Begin But Economy Slides Towards Ruin
...recently as October, production was 900,000 b/d, and output before the 2011 uprising was 1.6mn b/d. Lower oil prices mean that Libya is also earning substantially less for its crude than over the course of last year. The average price of Opec’s basket of crude picked up slightly from $44/B in Ja...
Volume: 58Issue: 07Published at Fri, 13 Feb 2015 -
Egypt: Apache Hopes Major Finds Will Stem Falling Output
...e Apollonia formation (MEES, 19 December, 2014). APACHE EGYPT* OUTPUT 2009 2010 2011 2012 2013 2014 Gross Pr...
Volume: 58Issue: 07Published at Fri, 13 Feb 2015 -
Iran Oil Shipments Up 15% In 2014 As China, India Overlook Limits
...terpreted as implying total exports of 1-1.1mn b/d – a level in line with MEES 994,000 b/d estimate of average intakes of Iranian oil for the six months leading up to the deal. Iran’s oil exports are down from an average of just over 2.5mn b/d in 2011, before the imposition of the latest US and EU-led sa...
Volume: 58Issue: 06Published at Fri, 06 Feb 2015 -
Accusations Fly Over South Sudan Oil Field Attack
...timates pegging production at between 160,000 and 170,000 b/d. This is just under 70% of the 245,000 b/d being pumped pre-conflict, and less than half of what it was producing in late 2011, just months after gaining independence from Sudan. NO DIRECT HIT But despite the attack, the country’s cu...
Volume: 58Issue: 05Published at Fri, 30 Jan 2015 -
Egypt Nears 250MW Gulf Of Suez Wind Farm Tender
...vernment has also held talks with the World Bank over finance for the project. Egypt’s wind power program has been derailed by recent political turmoil following the Arab Spring and subsequent overthrow of the regime of Husni Mubarak in early 2011. So far NREA has developed a 5MW wind farm at Hurghada an...
Volume: 58Issue: 05Published at Fri, 30 Jan 2015 -
Petroceltic Pares Capex On Lower Prices
...06. Their original development plan called for 20,000 b/d start-up in 2011 ramping up to 36,000 b/d later (MEES, 23 February 2009)....
Volume: 58Issue: 03Published at Fri, 16 Jan 2015 -
Subsidies Should Go As Oil Price Falls: IEA Chief Tells Arab Ministers
...ailable for exports, which fell to 6.66mn b/d earlier this year - their lowest since March 2011. Iraq too is burning record amounts of crude oil that it cannot export, while also flaring more than 2bn cfd of natural gas. LIBYA, SAUDI HAVE CHEAPEST GASOLINE The Organization of Arab Petroleum Ex...
Volume: 58Issue: 01Published at Fri, 02 Jan 2015 -
Libyan Output Crashes As Fighting Escalates
...tions, production in the Sirte Basin slumped. Libyan production fell to as low as 150,000 b/d earlier this year when operations at the western fields of Sharara and El Feel where interrupted, a tenth of the 1.5mn b/d produced before the blockade. Prior to the 2011 revolution that disposed of Mu’ammar al-Qa...
Volume: 57Issue: 51/52Published at Fri, 19 Dec 2014