- Sort by:
- Score
- Published ▼
-
Security Fears And Regional Tension Overshadow Libyan Progress
...Block C-137, which produces al-Jurf crude) and Eni (Melitah Oil’s Block NC-41) earlier said they had returned to offshore exploration. Meanwhile, Repsol plans to recommence exploration drilling on 1 November as part of what it calls its “2011-2013” exploration campaign on Murzuq Basin Bl...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Global Markets To Remain Tight Through 2012, Says EIA
...y. World liquid fuels consumption increased by some 800,000 b/d in 2011, the EIA said, adding that consumption is seen as growing by 1.0mn b/d in 2012 and by 1.2mn b/d in 2013. China, the Middle East, South America and other countries outside the OECD will account for essentially all consumption gr...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Saudi Crude Prices Raised To West, Reduced For Far East
...ter B/L for NW Europe, and B/L date to the Far East – are as follows ($/B): US (Price Reference ASCI) 2012 2011 Jun May Ap...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Crude Oil Formulas/Posted Prices
...EC/OIL PRICES Crude Oil Formulas/Posted Prices ($/B) Iran (+ / - Adjustment Factor; $/B) 2012 2011 Jun May Ap...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Bahrain In Push To Ramp Up Domestic Oil And Gas Production
...velopment of its only refinery, but is expected to do so within the next 12 months, Bapco CEO Gordon Smith said. According to the country’s National Oil and Gas Authority (NOGA) Bahrain produced an average of 42,510 b/d in 2011 from the Bahrain field, operated by Tatweer – a joint-venture between No...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Noble Discoveries In Levant Basin Total 35 TCF, CEO Tells Cyprus-US Chamber
...exported abroad.” In December 2011, Noble announced the discovery of 5-8 tcf of natural gas in the Aphrodite field in Block 12, putting a mean estimate of 7 tcf (198bn cu ms). Cyprus’ domestic demand for natural gas is estimated at 35.4bn cu ft (1bcm) in 2020. Appraisal drilling in Bl...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
UK To Push For Delay Of Iran Reinsurance Ban, Iran Eyes Private Sector Exports
...e marketing process. In related news, Turkey increased its imports of Iranian crude to 1.17mn tons in March 2012, the highest monthly total since July 2011, the Turkish Statistical Institute (TUIK) reported on 8 May. MEES understands that the increase reflects an attempt by refiner Tupras to...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Iran Starts Work On First Salt Cavern Gas Storage Facility
...eld was converted for use as Iran’s first strategic gas storage facility and filling began a year ago (MEES, 23 May 2011). NGSC plans to reach its initial storage target of 1.5 bcm at Sharajeh by the end of March 2013, with capacity to withdraw up to 10mn cmd during the winter peak demand season. Sh...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Iran Plans Iraqi Gas Pipeline As Extension Of IGAT-6
...pacity of 25mn cmd. The pipeline is intended to provide gas feedstock for Iraq’s two largest thermal power plants, Sadr and al-Quds. These are in the eastern suburbs of Baghdad and have a combined generating capacity of 2.5gw. Iran and Iraq signed a preliminary agreement for gas supply in May 2011. ...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Israeli Finance Ministry Estimates State Entitlement For Gas Resources At $5.3Bn
...the government’s 2011 financial report, the first time that the state has included an estimate for its expected revenues for oil and gas discoveries. Israeli Business daily Globes reported on 10 May that the estimate is based on proven reserves and did not include Leviathan, which is not yet co...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Egypt Resumes Gas Exports To Jordan
...mited quantities are being exported on a trial basis to ensure the safety of the pipeline following the completion of maintenance work on the pipeline, which was recently bombed for the 14th time since February 2011. The Gasco head added that the gas flow could rise to 200mn cfd depending on operational an...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Qatar’s 2012-13 Budget Will Exceed Previous Year’s Spending
...TAR Qatar’s 2012-13 Budget Will Exceed Previous Year’s Spending Qatar’s 2012-13 budget will be larger than the 2011-12 budget, the Qatari Minister of Economy and Finance Yusu Kamal said last week. The fiscal year in Qatar normally starts at the beginning of April, but the 2012-13 budget has been de...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Petro Rabigh II Petrochemical Project Waits For Sumitomo Green Light
...oject is already behind schedule. A study on its viability was supposed to be completed towards the end of 2010 and an FID was originally meant to be made by the end of last year. This would have allowed the sponsors to start seeking financing this quarter (MEES, 31 October 2011). With the delay it se...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Syrian Pound Down 45% On Black Market, Says IMF
...ria Syrian Pound Down 45% On Black Market, Says IMF The value of the Syrian pound has slumped by 45% on the “black or parallel” market and 25% on the official market, and the stock market has fallen by 40% since the beginning of the uprising in March 2011, the Deputy Managing Director of the IMF Ne...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Socar Turkey Buys Additional 10% In Petkim
...oducts to Turkey’s domestic market and to Europe. Petkim has a 26% share of the Turkish petrochemicals market. The new plant will also generate electric power that will feed into the Turkish power grid (MEES, 11 July 2011). ...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Dubai Power Plans In Flux, Abu Dhabi Approves Another IWPP
...lar (MEES, 3 October 2011). DEWA recently said it was seeking consultancy services for construction of a 10mw solar power plant. The DSCE’s policy is to cut energy use by 40% from a ‘business as usual’ scenario. But critics suggest that energy savings will be especially difficult to implement given th...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Two Sides Of The Iraqi Coin
...G on 20 January 2004. T Uqaili: ‘One Hundred Days in The Iraqi Oil Industry’, MEES, 27 June 2011. MEES, 12 March 2012. K al-Mehaidi: ‘Oil Contracts of Kurdistan Province Compared to Contracts of the Ministry of Oil’, Iraq Oil Forum (in Arabic), 23 March 20...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Yemen’s 2012 Budget Raises Social Spending To Offset 2011’s Economic Decline
...MEN Yemen’s 2012 Budget Raises Social Spending To Offset 2011’s Economic Decline The Yemeni government has unveiled a record budget for 2012 aimed at stimulating the economy, which has shrunk as a result of the political turmoil in the country last year. After the Arab Spring, the political cl...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Energy Equities: Petchems Help Saudi Market Post Multi-Year High
...st of the company’s plants from 19 January to 9 February. It started commercial operations on 1 October 2011 at its $10bn-plus petrochemical plant and said that the mega-complex, which will produce 4mn tons/year of petrochemical and chemical products, is expected to take time to improve performance an...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Japan’s Crude Imports Rise 9.25% In March To 4.209Mn B/D
...853mn b/d and an increase of 11.28% over the February 2011 crude import figure of 3.783mn b/d. March imports from the Middle East averaged 3.452mn b/d, up by 7.72% from the February average of 3.205mn b/d but only 0.44% above the year-on-year average of 3.437mn b /d in March 2011. Saudi Arabia continues to be...
Volume: 55Issue: 19Published at Mon, 07 May 2012