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Jordan Left With Few Gas Options After BP Abandons Risha
...an. Yet, a severely limited set of options may force Jordan to look seriously at Israeli gas import proposals going forward. Until January 2011, Jordan depended on Egyptian gas supplies via the Arab Gas Pipeline (AGP). Contracted volumes called for 250mn cfd of exports to Jordan to supply power st...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
Libya: Situation Normal, All Falling Apart
...my is no match for the plethora of militia groups that effectively control the country. These include radical Islamists that have made their presence noticed by fighting government forces in Benghazi. The militias’ unchecked rule has led to the unlawful incarceration of thousands of Libyans since the 2011...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
Sudan’s Upstream Banking On Repeat Business
...SUDAN Sudan’s Upstream Banking On Repeat Business Sudan is looking to drum up interest in its stalled upstream, close to three years after losing the majority of its oil producing assets due to South Sudan’s independence in July 2011: since the South’s secession production ha...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
Upper Zakum Extended, Terms Sweetened
...morandum of Agreement brings together the expertise of two of our investee companies currently operating across diverse geographic regions.” Cosmo has a small concession in Abu Dhabi, which was renewed in 2011. Abu Dhabi Oil Company (Cosmo 63%, Nippon 31.5%, Tepco 1.8%, Kansai 1.8%, and Chubu 1.8%) op...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
Kufpec Scales Up Ambitions With Shell LNG Buyout, RWE-Dea Bid
...bmitted the highest bid – of about $6.8bn – when proposals were due this week, the Wall Street Journal reports. RWE-DEA Oil & Gas Production (Net) 2012 2011 Oil (‘000 b/d): Germany 13...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
Syria: The Cost Of War
...SYRIA Syria: The Cost Of War As the Syrian civil war enters its fourth year, the Syrian Deputy Prime Minister for Services and Minister for Local Administration ‘Umar Ghalawanji puts the damage to the economy from March 2011 to date at S£3,250bn ($21.7bn): S£2,528bn ($16.9bn) in in...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
Yemen: 2014 Budget Looks To Patch Holes In Violence-Fueled Revenue Slump
...14, both figures represent a real-terms cut. Table 2: Yemen’s 2014 Budget (Yr Bn) 2014 2013 % Change 2012 2011 Revenue 2,...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
ILO Report Offers Stark MENA Outlook
...erage. Of course, high youth unemployment in countries such as Egypt and Tunisia is often cited as a key catalyst for the 2011 ‘Arab Spring’ uprisings. But the data is now far worse; for North Africa youth unemployment rose by almost six percentage points between 2010 and 2013, another ‘world’s worst’ pe...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
Iraqi Oil & Gas Data, 2013 (‘000 B/D)
...v 2013 2012 2013/12 2011 2010 2009 ‘000 b/d % Crude Production (Federal Areas) 3,...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
Benchmark Crude Prices ($/B)
...13 2012 2011 WTI 97.32 93.38 92.76 97.91 93.85 97.54 105.73 98...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
Kurdish Oil Heads North But Not Yet To Sea
...aq to help us sustain the target production level beyond 2020,” Maersk Oil CEO Jakob Thomasen says. Maersk has been present in the KRG’s Sarsang block since 2011 with its 30% shareholding of HKN Energy. Exploration activity still dominates the scene in the north, though 2014 is expected to be...
Volume: 57Issue: 03Published at Fri, 17 Jan 2014 -
Jordan Pushes Shale And Wind In Quest For Diversity
...barak overthrow of 2011, as the country has been massively reliant on expensive oil imports to fuel its rapidly-growing power demand ever since (see graphs). The Energy Ministry is studying an electricity tariff proposal from Attarat Power (Apco), a joint venture of Estonia’s Enefit, Malaysia’s YTL Po...
Volume: 57Issue: 03Published at Fri, 17 Jan 2014 -
OPEC Raises Up World Oil Demand Forecasts
....46mn b/d in November. This compares with a MEES estimate of 29.82mn b/d. World Oil Demand & Call On OPEC OPEC Projections Of Global Supply-Demand Balance (Mn B/D) Annual 2008 2009 2010 2011...
Volume: 57Issue: 03Published at Fri, 17 Jan 2014 -
Egypt: Sisi In The Wings As Arab Spring Challenges Remain Center Stage
...re voting for a new constitution, the third in three years. Since the demonstrations in Tahrir Square ushered in the end of Husni Mubarak in February 2011 the country has been in turmoil, and its population has repeatedly been asked to choose or legitimize a successor regime. With no improvements to...
Volume: 57Issue: 03Published at Fri, 17 Jan 2014 -
Tunisian Democracy Faces Economic Headwinds
...nuary 2011 ouster. But tensions have since risen with the assassination of two opposition politicians at the hands of radical Islamists, and the party was accused of tacit support for religious hardliners. After months of tense negotiations, Mr Larayedh agreed to step down, and his ministers will be re...
Volume: 57Issue: 03Published at Fri, 17 Jan 2014 -
Zawiya Ups Libya Exports
...lonel Gaddafi from power in 2011. Output recovered remarkably quickly in the aftermath of the conflict, and briefly touched pre-war levels before the strikes at terminals and oil fields shut in the bulk of oil production from July 2013. Libya’s key eastern export terminals remain shut, with strikers lo...
Volume: 57Issue: 03Published at Fri, 17 Jan 2014 -
World Bank Ups Global Growth Prospects, MENA In The Doldrums
...owth Forecasts (% Market Prices) *2000-09 2010 2011 2012 2013 2014 2015 2016 Wo...
Volume: 57Issue: 03Published at Fri, 17 Jan 2014 -
Benchmark Crude Prices
...13 2013 2012 2011 WTI 93.96 92.76 96.78 97.91 93.85 97.54 10...
Volume: 57Issue: 03Published at Fri, 17 Jan 2014 -
Khartoum Gets Involved In Southern Sudanese Conflict
...eaking away from one another in July 2011, the economic futures of Sudan and its neighbor to the South are still very much linked – none more so by way of their oil industries. South Sudan is still dependent on the North for its oil export pipeline, as it remains the only existing and viable route by wh...
Volume: 57Issue: 02Published at Fri, 10 Jan 2014 -
IOCs Welcome New Egyptian Bid Round As Sign Of Progress
...2010 for North El Mahala Centurion N El Fayrouz Offshore North Sinai 2,280 9 2011 for North El Fayrouz Offshore Tharwa N Po...
Volume: 57Issue: 02Published at Fri, 10 Jan 2014