- Sort by:
- Score
- Published ▼
-
Egypt Boosts Gas Offering As Receivables Fall
...ma’il told Bloomberg that the first of several cargos of imported liquefied natural gas (LNG) for 2014 will arrive before the summer, and negotiations over a floating import terminal are in the final stages. LNG imports will continue for a period of up to five years starting in 2015, the minister sa...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Libya: Political Process Still Holds Hope
...the near term, with periodic spikes in violence probable. 2014: Gloomy Outlook For Iocs Mr Howard’s outlook is mirrored by oil companies active in Libya. Italy’s Eni, which has been affected by the disruption of gas supplies from Wafa this month, and saw its crude shut in at El Feel last ye...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Iraq Hopes Japan Loan Will Help Ease Export Constraints
...5mn b/d, as bad weather and work to clear sunken vessels delayed tanker loadings. Iraq has calculated revenues for its 2014 draft budget on the basis of 3.4mn b/d of oil exports, including 400,000 b/d of Kurdish oil. However, given that current exports are languishing at levels close to January’s 2....
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Saudi Arabia Increases Asian Focus With Japan Oil Storage Deal
...bsidiary, for the sale of shares in the companies containing the retail, supply and distribution logistics and aviation businesses in Italy. The sale, the commercial terms of which remain confidential, is subject to regulatory approval and is expected to be completed by 2014, Shell said. Under the ag...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Oman Needs To Sell Assets Or Borrow
...OMAN Oman Needs To Sell Assets Or Borrow Oman may have to turn to selling its foreign assets, or borrowing on the international market, to sustain its government spending, should oil prices slide, an article in the January-February 2014 issue of the Central Bank of Oman’s (CB...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Saudi Reserves Hit $753Bn But Trade Surplus Falls
...udi economy, notes that the growth in the 2013 reserve accumulation is lower than in 2012 and 2011, a reflection of a 7% decline in oil export revenues and a high appetite for imports which rose 8% in value last year. Looking ahead, Samba is forecasting an increase in foreign assets to $823bn in 2014...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
US $1Bn Jordan Fund
...robond, which was snapped by investors, and came in oversubscribed at $2.2bn. The issue was arranged by Citigroup, HSBC Holdings and JP Morgan Chase (MEES, 1 November 2013). Energy Bill 40% Of Budget Jordan’s 2014 budget envisages the inflow of JD1.151bn ($1.62bn) in foreign grants from the GCC, th...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
OPEC VS IEA Supply-Demand Balance, February 2014 Forecasts (Mn B/D)
...OPEC VS IEA Supply-Demand Balance, February 2014 Forecasts (Mn B/D) 1Q13 2Q13 3Q13 4Q...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Total’s 50-50 ADCO Hopes
...UAE Total’s 50-50 ADCO Hopes French major Total – like the rest of the former participants in the Abu Dhabi Company for Onshore Oil Operations (ADCO) concession – faces 2014 without ADCO volumes to report to shareholders. Though production coming onstream elsewhere will li...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Iraq Awakens Sleeping Giant At Hamrin
...ist. Iraq’s oil ministry originally envisaged increasing output from northern fields to 1.3mn b/d by the end of 2014, though given the rate of decline from Kirkuk, where production has fallen below 300,000 b/d from a peak of 1mn b/d, the goal is unlikely to be achieved for several years. An additional co...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Talisman Set To Shed KRG Assets
...st year that it planned to declare commerciality of Kurdamir some time in 2014. The intention to offload Kurdish assets was flagged when Talisman announced $3bn in planned asset sales last year even before the purchase of a 6% stake in the Toronto-listed company by activist investor Carl Icahn (ME...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
MENA Active Drilling Rigs January 2014*
...MENA Active Drilling Rigs January 2014* January 2014 br...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Algerian Electricity: Ambitious Plans Vs Tricky Reality
...e state obliged to recapitalize these companies regularly.” Despite the constraint on earnings, Mr Boutarfa says that investment in generating capacity, transmission and distribution will enable Sonelgaz to “pass easily” anticipated 2014 peak summer demand of 12.5GW. Sonelgaz says Algerian ge...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Obama Hopes Saudi Visit Will Mend Fences
...ked both Saudi Arabia and Kuwait to extend credit facilities for the $10bn of oil they will supply in 2014. The two OPEC states supply around 75% of Pakistan’s crude and oil product imports. Saudi Arabia has been asked to extend its credit facilities for oil supply to one year from the current 30 da...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
OPEC, EIA Boost 2014 World Oil Demand Outlooks
...OPEC OPEC, EIA Boost 2014 World Oil Demand Outlooks OPEC has revised upwards its projection for world oil demand in 2014, despite a slowdown in some key emerging economies. Even with this revision the organization says it is erring on the conservative side; if the economic co...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Enigmas Of The Islamic State Of Iraq And The Levant
...hadist movements in Syria consisted initially of words. This was followed by open warfare between the militias, over territory, oil smuggling and leadership. Since early January 2014, ISIL won the upper hand over several militant Jihadist militias, Jaish al-Mujahidin, the Islamic Front, and the Syrian Re...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Kuwait Energy Has Breakout Year, Complicated Future
...close the year with yet another strong quarterly performance in revenue and production and look forward to continued operational success in 2014.” In Egypt, the star performer was the East Ras Qattara concession where gross output averaged 21,200 b/d for the second half of 2013 (KEC’s 49.5% st...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Egypt: New UAE-Fueled Stimulus Package
...r this purpose was signed by the SFD and the Egyptian Ministry of International Cooperation. A source at the Central Bank of Egypt (CBE) said last month that Egypt will return a further $3bn to Qatar by the end of 2014 - $500mn in October and $2.5bn in November. This would then reduce Qatar’s ai...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Budget Ratification Boosts Rohani’s Prospects
...eakeven for 2014 (MEES, 11 October). When Mr Rohani first presented his budget to parliament on 8 December, he said that it aimed to curb recurrent spending and focus on capital investment. The general budget allocates IR200 trillion ($8bn) for development, with priority for the completion of semi-fi...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
IMF Visits Tehran
...ntraction to diminish in the second half of the year, so that the full year decline in GDP is 1-2%. The IMF also points out that 12-month inflation has dropped rapidly from about 45% in July 2013 to below 30% by end-year. Optimistically it adds that inflation could fall to 20-25% by March 2014. Lo...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014