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MENA Steps Up Desalination Capacity Expansion
...2011-16. With Saudi Arabia using about 1.5mn b/d of crude oil to power desalination plants, the report noted that an alternative energy source was already being studied. A solar powered desalination plant – “the first large scale renewable desalination plant” – is being built at al-Khafji under an IB...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
Oman’s Energy Policy Review To Impact OOC
...vereign wealth fund Oman Investment Fund (OIF), which invests mainly in non-energy sectors, although it owns a stake in Dubai Mercantile Exchange (DME), which trades Omani crude futures contracts. In 2011 after the ‘Arab Spring’, Sultan Qabus bin Sa’id ordered OOC to focus on domestic in...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
Algeria Trims 2013 Budget Expenditure, But Raises Defense Allocations
...overall spending as Algiers looks to rein in a 2011 and 2012 spending splurge, intended to stave off domestic calls for political reform in the wake of the ‘Arab Spring’ revolutions in neighboring Libya and Tunisia and nearby Egypt. The budget – including the defense spending hike – was dr...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
Badri Sends Soothing Message
...mp are high, but OPEC is not to blame, Mr Badri argued. OPEC may have made $1.1 trillion in 2011 from oil sales and $4.2 trillion in 2007-11. But in the same period OECD countries have earned $5.5 trillion from petroleum taxes. “In recent years we have also seen the budgetary requirements of many oil pr...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
Benchmark Crudes & OSPs
...12 Q3 2012 2012 2011 WTI 97.49 95.83 94.54 94.88 88.26 88...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
Libya Oil Personnel Changes
...parture of Shukri Ghanem in early 2011 has now left. However, Fuad Krekshi, who was close to Saif al-Islam Gaddafi, has so far kept his post as Chairman of the Libyan state overseas investment firm Oilinvest. Oil Minister ‘Abd al-Bari al-‘Arusi is currently working on a restructuring of the oil mi...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
Turkey Plays Down ‘Bonanza’ Shale Gas Talk
...ological Survey’s 2011 estimate that the country may have 425 trillion cubic feet of unconventional shale gas. Several local experts have stoked the ongoing public debate with even higher reserves estimates. Mr Incedalci told the daily Zaman in January that “the key geological parameters of these so...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
Jordan’s Iraqi Crude Imports Set To Rise To 15,000 B/D
...gher level of 12,500 b/d in the past four months. The Iraqi crude is sold at a preferential price, which allows Jordan to save about $6/B for crude delivered to the Zarqa refinery. After the January 2011 Egyptian revolution, supplies of Egyptian gas to Jordan via the Arab Gas Pipeline (AGP), wh...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
Nabucco Loses RWE Replacement
...pressed an interest in joining the Nabucco project in September 2011, when it would have been the consortium’s second German partner after RWE. After a hiatus Bayerngas restarted its talks with Nabucco in May 2012, when Bayerngas spokesman Dirk Barz told Azerbaijan’s Trend News Agency that negotiations be...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
SABIC Launches $500Mn Plastics Innovation Network
...nverters to reach important markets in the world,” according to Ulrich Reiners, managing director of Germany’s Executive Packaging. He told the Gulf Petrochemicals and Chemicals Association (GPCA) Plastics Summit in April 2012 that global resin demand for plastics conversion amounted to 255mn tons in 2011. Of...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
DEWA Reports ‘Remarkable’ 2012 Capacity Increase
... UAE DEWA Reports ‘Remarkable’ 2012 Capacity Increase Dubai Electricity and Water Authority (DEWA) reported on 28 January a 10.6% increase in installed power generating capacity in 2012, rising to 9.646gw from 8.721gw in 2011. Desalinated water production ca...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
African Union Grants Sudans More Time
...untries, and to “make recommendations on the strengthening of the AU’s support to the process. (The AUHLIP is a body headed by former South African president Thabo Mbeki, that was set up to facilitate negotiations relating to South Sudan’s secession from Sudan in 2011). While realistic, this ne...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
Oman Focuses On Boosting Employment
...rmits for foreign workers, and highlight those sectors which they think should be the focus of efforts to employ more Omani nationals. Since the start of the Arab Spring, Oman has faced sporadic street protests demanding jobs and an end to corruption. In 2011 several unarmed rioters were shot de...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
Iran To Set Up $2Bn Support Program For The Poor
...ruggling to provide for their daily needs, the Majlis and the government have agreed to make available the proposed $2bn from the National Development Fund (NDF). The latter was established in 2011 under the fifth five-year development plan (2010-15), with the aim of converting oil and gas revenue into pr...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
In Amenas Attack Heightens Security Tensions – In Libya As Well As Algeria
...stability on the “Pandora’s box” of weapons which had spread across North Africa following Libya’s 2011 conflict. “It is absolutely essential that we broaden and deepen our counterterrorism cooperation going forward with Algeria and all countries of the region,” Ms Clinton said, adding that she had visited Al...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
Saudi Arabia, Qatar Push Offshore Upstream Development
...nce he took over leadership of the ministry in January 2011, he has focused on reversing slumping Qatari crude production: Output fell to an average of 740,000 b/d last year, from 836,000 b/d in 2008. At the center of the program is Qatar’s swing producer, the Maersk-operated al-Shaheen of...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
South Sudan Looks To Alternate Export Routes
...uth, and East Darfur in the North, which has proved a major sticking point in talks thus far. Khartoum claims the area as Sudanese land and in September 2012 demanded it to be excluded from the demilitarized zone.) South Sudan broke away from Sudan in July 2011, taking with it around three qu...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
QP: What’s Next?
...s financial muscle to become a major regional political player. So what comes next for Qatar’s leadership? MEES examines the possibilities. QP – which in 2011 according to its annual report had 66 subsidiaries, joint ventures and equity stakes ranging from catering and real estate to st...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
IEA Sees Chinese Demand Strength Driving Call On OPEC
...12 2Q12 3Q12 4Q12 2011 2012 OPEC IEA OPEC IEA OPEC IE...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
Oman Eyes Bangladesh Energy Sector
...tal thus far (17 offshore, 58 onshore), which have resulted in 25 gas discoveries – mostly in the country’s east. In its latest Statistical Review of World Energy, BP put Bangladesh’s proved gas reserves at 12.5 tcf, which is slightly above Bahrain’s 12.3 tcf. BP said Bangladesh’s 2011 gas output was 1....
Volume: 56Issue: 04Published at Fri, 25 Jan 2013