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Saudi Aramco Boasts Growing Solar Prowess, Eyes Geothermal
...nior energy figures in the Kingdom are growing more frequent as the fuel problems intensify. The IMF estimated in 2011 that Saudi Arabia spends about 20% of its GDP supporting subsidies, including fuel subsidies. This proportion has continued to grow as subsidized prices in turn fuel ever hi...
Volume: 56Issue: 22Published at Wed, 01 May 2013 -
Iran Targets New Buyers For Its Crude
...24 April, quoting official sources. This was down from the previous year’s figure of 18.1mn tons (362,000 b/d). This plunge, PTI said, meant Iran is now India’s sixth largest supplier of crude in 2012-13, behind Saudi Arabia, Iraq, Venezuela, Kuwait and the UAE. In 2011-12, Iran was the third la...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Shell’s ‘New Lenses’ Offer Kaleidoscopic Vision
...ansmission projects of the ‘Desertec’ variety (MEES, 14 November 2011) “given the difficulty of high-level international policy coordination”. Mix And Match Kaleidoscope This highlights one of the drawbacks of Shell’s approach. Of course it is understandable that for the sake of simplicity the ma...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Total Sees Partnerships, Technology, Exploration Driving Growth
...gionally and globally, in a bid to drive production from 2.3mn boe/d in 2012 to its targeted 3mn boe/d by 2017. The group’s expected Middle East production of around 550,000 boe/d this year is slightly down on 2011’s 570,000 boe/d. Privately officials concede that the region’s operating environment is cu...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Benchmark Crude Prices/Saudi Arabia Crude Production
...OIL PRICES Benchmark Crude Prices* 25-Apr 15- 19 Apr 08- 12 Apr 13-Mar 13-Feb Q1 2013 Q4 2012 2012 2011 WTI 93.64 87...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Egypt Rejoins MENA Nuclear Pursuit, Iran Plans Two New Bushehr Plants
...perimental reactor in Anshas.” The announcement revives a 2007 plan, postponed by the interim government following the February 2011 revolution. Egypt set up its Nuclear Power Plants Authority (NPPA) in 1976 and selected Dab’a, 250km west of Alexandria, as the site of its first nuclear plant. It al...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Iraqi Provincial Elections: Prelude To A New Balance Of Power
...ections, down from 72% in previous elections in 2009. The drop reflects growing disillusionment with the post-2003 political process. The April 2013 elections are the first to be held following the departure of US forces in late 2011. Iraqis typically vote on the basis of their sectarian or et...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
EU Eases Syria’s Oil Sanctions
...day eased certain EU sanctions against Syria, including the oil embargo, so as to help the civilian population and support the opposition.” EU sanctions were imposed in 2011 in response to the Asad regime’s crackdown on pro-democracy protests. Sanctions banned exports of key equipment and technology to...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
International Oil Market Developments
...vements, which led to the suspension or huge reduction of exports from countries such as Egypt, Syria, Yemen and even Tunisia. Moreover, conflict between Sudan and South Sudan led to suspension of the latter’s exports. • The tsunami, which hit Japan in March 2011 led to the shutdown of most Ja...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
BP And Eni Show Faith In Egypt’s Offshore
...000ms+ water depth. Contains Shell discovery 15 N. Burg El Arab Offshore 3,180 Pura Vida 2,755 Y 5 Edison (Sidi Abd El Rahman) Edison relinquished 2011 Source: EGAS, Egypt’s Oil Ministry. *Ar...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
South Sudan Oil Revenues Expected By August
...danese oil has crossed the border into Sudanese territory for the first time in more than a year. This coincided with a state visit by Sudanese President ‘Umar al-Bashir to the Southern Sudanese capital of Juba – the first such visit since the South broke away from Sudan in 2011. “The first ba...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Shale Revolution – Threat To Mideast NGL Exports?
...port Import Demand Output Export Import 2011 2,272.30 2,544.10 148.3 202.1 1,523.00 1,545.70 115.7 5.4 67 60.8 78...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Prices Fall On Economic Growth Concerns
...mbers will be watching the trajectory of Chinese purchases very closely in the next couple of months. Chinese Crude Imports From OPEC & MENA Countries ('000 b/d) Jan-Feb ‘13 Rank 2012 Rank 2011 Ra...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Aramco Starts Up 900,000 b/d Manifa Field
...aybah. The expansion project at Khurais will be completed by 2016-17 and Shaybah by 2017. Saudi Aramco from 2004 to 2011 managed to deliver over 3mn b/d of gross additional crude production capacity (and more than 750,000 b/d of NGLs and significant gas volumes) in six major projects, of which only one, th...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Iran Revives Oman Gas Export Plans
...ggest gas producer Petroleum Development Oman (PDO) aims to boost output from new discoveries, and also reduce its own gas use by improving efficiency. Oman and Iran came very close to reaching a gas agreement in 2011, MEES learns, but talks broke down after Iran had a sudden change of heart ve...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Qatar’s Nakilat Faces LNG Market Challenges
...766mn ($210.4mn) compared with QR833.1mn ($228.9mn) in 2011, an 8% year-on-year reduction attributable to higher operational and administrative costs in 2012. Nakilat’s fleet consists of 25 wholly-owned vessels, of which 14 are Q-Max and 11 are Q-Flex, and 29 jointly-owned vessels. The port of Ra...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Turkey Green Lights Bosphorus By-Pass Canal Mega-Project
...s modern reincarnation, the initiative was proposed by Turkish Prime Minister, Recep Tayip Erdogan, who dubbed it his “crazy project” during his 2011 election campaign. Plans for a major 1.5mn b/d pipeline from the Black Sea port of Samsun to the Mediterranean export terminal of Ceyhan have not pr...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Toyo And ENPPI Awarded Ethydco Polyethylene Project
...rly 2015, with construction cost estimated at $600mn. Egypt continues to push its petrochemicals expansion plan despite the uncertainty over foreign investment following the January 2011 revolution. ...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Qatar Tiptoes Into North American Upstream
...ture look for joint shale gas projects in the US and, potentially, LNG projects in North America. In the past, it has taken QPI some time to act on MOUs. QPI and Centrica originally signed an MOU in 2011 and only this week together purchased acreage in Canada. Joint Interest Mr Jaidah sa...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
US Pressure Smothers Kurdish Oil Export Ambitions
...ar or so, this was a policy that lacked teeth. After an initial entry of US firms in 2007 into the region, American investment gathered momentum in 2010 and 2011 (see table). This investment influx coupled with the active participation of former US officials as consultants in the sector, al...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013