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Saudi Petchems: Smaller Plants Advance
...th a view to 2014 start-up....
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Oman Peak Demand To Double By 2020, Gas Burning Up 50%
...ll see gas burning rise by a comparatively modest 50% from 7.4 bcm in 2014 to 11.1b cm in 2020. As long as the country’s key upcoming upstream gas project, BP’s $16bn, 10 bcm/year Khazzan tight gas development, comes onstream as planned in 2017-18, power generation’s share of Oman’s gas output wi...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
OPEC Output Slides In March On Iraqi, African Outages
...ticipated additional volumes. “OPEC will be ready to absorb the extra production,” he told reporters in Doha this week. “There is no problem for OPEC to absorb any production increment from Iraq and Iran in 2014. When Libya output comes back, we will accommodate it, because its production is in our nu...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Iran Nuclear Talks Threatened By Us, Russia Posturing Over Oil Deal
...al, with the International Energy Agency (IEA) on 11 April putting global imports of Iranian crude and condensate at close to 1.37mn b/d for the first three months of 2014. Still, US officials insist they are not worried by these figures, dismissing them as nothing more than short-term fl...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Middle East Peace Process: Another Failed Attempt
...lestinians demanded it. The Palestinians have refused Israel’s demand to be recognized as a “Jewish state”. This position was also formally adopted in the Arab summit held in Kuwait in 2014. Israel, asserting that its future security might be threatened, is demanding that it keeps its armed forces wi...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Total Reorganizes E&P Operations, Merges Mideast And North Africa
...r 607,000 boe/d in 2013 out of the group’s worldwide output of 2.299mn boe/d. The figure includes Total’s equity share of production from Abu Dhabi’s onshore ADCO, in which it held a 9.5% stake. The company expects lower production in 2014 due to the loss of equity production from ADCO, or some 14...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Egypt’s Financial Indicators Improve On The Back Of Gulf Cash
...rvices. The second, for E£33.9bn ($4.8bn) and financed by a grant from the UAE, was unveiled in January 2014, and included an extra E£20bn ($2.9bn) for infrastructure. EGPC late last year struck a deal with international oil companies (IOCs) operating in the country to settle outstanding arrears of $6b...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Iran Braces For 20-30% Utility Price Hikes
...ur years earlier at the beginning of the 2012-13 Iranian year when international sanctions began to bite. Energy price rises will be more gradual that those anticipated in the 2014-15 budget, according to Finance Minister Ali Tayebnia. Price hikes of around 25% will accompany the implementation of th...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Benchmark Crude Prices ($/B)
...Benchmark Crude Prices ($/B) 10 Apr 31 Mar - 4 Apr 24-28 Mar Mar-14 Feb-14 Q1 2014 Q4 2013 20...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Kurdish Export Initiative Stalled By Pipeline Sabotage
...mi-autonomous region, to Iraqi oil exports to give the talks the maximum chance of success. The 2014 Iraqi draft budget, still stalled in parliament because of the dispute between the two sides, had factored in 400,000 b/d of Kurdish crude oil exports for the current year. Iraq’s Deputy Prime Mi...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Egypt: No Short-Term Boost To Gas Supplies
...e second half of 2014, according to the Ministry of Petroleum, even as gas shortages are already causing blackouts in the North African country. Power cuts are common in Egypt during the summer, when state utilities are overburdened by the increased use of air conditioning. But this year, the co...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
International Gas Union Sees Changing LNG Market After 2014
...INTERNATIONAL International Gas Union Sees Changing LNG Market After 2014 The Norway-based International Gas Union (IGU) sees continued LNG supply constraints ahead this year, during which time Qatar will remain the world’s top supplier of the super cooled gas. The global LNG ma...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Work To Begin On Egypt’s Tahrir Petchems Complex
...2014. Carbon Holdings aims to raise $3bn of the project cost through export credit agencies and is holding talks with Ex-Im Bank of the US, Korea’s Kexim and Italy’s SACE. Naphtha Vs Ethane Global Demand [Mn B/D] Tahrir Petrochemical Complex ‘00...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Saudi Arabia In Power Generation Efficiency Drive
...24 Gas 2014 U/C Jiddah South 2.80 HFO 2015 U/C Shuqaiq 2.64 HF...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Saudi Arabia Keeping Politics Out Of The Mix
...nthly Energy Review for March 2014 shows that imports of Saudi crude oil by the US averaged 1.328mn b/d in 2013, roughly unchanged from 1.365mn b/d the previous year. The OPEC giant, the world’s largest oil exporter, ranks second after Canada as a supplier of crude to the US market and comes at the ex...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Algerian Elections: Political Stagnation Persists
...versification. In an effort to boost the economy and placate the electorate, Algiers has boosted its budget for 2014, raising expenditure by 11.3% to AD7,656bn ($95.7bn), after reigning in spending in 2013. ...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Qatar Announces Record Budget But Curbs Expenditure Growth
...QATAR Qatar Announces Record Budget But Curbs Expenditure Growth Qatar has unveiled yet another record budget for the 2014-15 financial year. But while expenditure growth is set to slow significantly relative to previous years, the allocation for infrastructure projects is...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Bahrain: Government Debt To Keep Rising
...n-oil GDP growth is projected to pick up to about 5% in 2014, driven by capital spending, while oil GDP is expected to be flat. For the full year the IMF projects overall growth at around 3%, reflecting continued weak investment sentiment in the non-oil sector and limited growth in the oil se...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Cyprus Economy Still At Risk From Bad Loans And Unemployment
...ze enterprises. With rising unemployment, falling credit, and increasing non-performing loans (NPLs), Cyprus’ outlook “remains challenging,” according to the IMF. The fund has left its growth projections unchanged, with “a deep contraction expected in 2014 and a modest and credit-less recovery ta...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Benchmark Crude Prices ($/B)
...Benchmark Crude Prices ($/B) 03 Apr 24-28 Mar 17-21 Mar Mar-14 Feb-14 Q1 2014 Q4 2013 20...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014