1. Energy Perspectives From The GCC

    ...ntinue rising, especially within non-OECD countries.   World Energy Consumption 1990-2035 (Quadrillion BTU)       Source: EIA, International Energy Outlook, September 2011.   The GCC national oil companies (NOCs) have developed their oil fields but have often neglected, un...

    Volume: 55
    Issue: 29
    Published at Mon, 16 Jul 2012
  2. Is The Anticipated Rise In Long Term Oil Price Inevitable?

    ...rld Energy Outlook 2011. 2.       J Benes et al, ‘The Future of Oil: Geology versus Technology’, IMF, WP/12/109, May 2012. 3.       J Currie et al, ‘Commodity Prices and Volatility: Old Answers to New Questions’, Goldman Sachs, Global Economics Paper No. 194, 30 March 20...

    Volume: 55
    Issue: 28
    Published at Mon, 09 Jul 2012
  3. Greece And The Eurozone: Options And Challenges

    ...n Greek Competitiveness,’ (http://krugman.blogs.nytimes.com/2012/06/17/long-run-greek-competitiveness/). 2. S Hammoudeh, ‘What Should a European Country Do Before Exiting the Eurozone?’, (MEES, 14  November 2011)....

    Volume: 55
    Issue: 27
    Published at Mon, 02 Jul 2012
  4. US Energy Strategy At A Glance

    ...dependence from imported foreign oil, considered a US energy policy priority, may not happen any time soon. President Obama’s own projection is a one-third reduction in crude oil imports by 2025 (Washington Post, 30 March 2011). However, due to energy savings and increases in domestic production, most in...

    Volume: 55
    Issue: 26
    Published at Mon, 25 Jun 2012
  5. Iraq’s Fourth Bid Round: Assessment Of The Outcome

    ...e implications are obvious: the Ministry of Oil has to give the priority to gas-prone blocks in its exploration program under its current plan for 2011-14.   IOC Participation IOC participation provided few indicators. Japanese firms registered the highest participation with nine co...

    Volume: 55
    Issue: 25
    Published at Mon, 18 Jun 2012
  6. Anatomy Of Iraq’s Exploration Auction – Bid Round 4

    ...aqi Ministry of Oil concluded a two-day hydrocarbon exploration auction during 30-31 May 2012. Expectations following the road show in 'Amman on 11 September 2011 were that only a few companies out of the 39 (47 prequalified) that paid to bid were intending to do so. Several reasons prevented the bi...

    Volume: 55
    Issue: 24
    Published at Mon, 11 Jun 2012
  7. 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: 55
    Issue: 20
    Published at Mon, 14 May 2012
  8. MENA Power Reassessed: Growth Potential, Investment And Challenges

    ...te, ‎accounts for 43% of MENA total and 53% of the Arab world total‎ (expenditures for nuclear power generation is implicit in the case of Iran and the UAE).4   Table 1: MENA Power Capacity And Investment, 2013-17     2011*Installed Ca...

    Volume: 55
    Issue: 18
    Published at Mon, 30 Apr 2012
  9. Oil Markets In 2012: Calm Or Turbulent Waters?

    ...e imposition of sanctions and embargoes may still result in a large loss of Iranian output. In December 2011, the US Congress passed a new bill that will apply sanctions to all financial institutions engaging in direct dealings with Iran’s Central Bank – the recipient of Iranian oil export pa...

    Volume: 55
    Issue: 17
    Published at Mon, 23 Apr 2012
  10. US Oil Policy And The WTI-Brent Spread

    ...the US. As of 2009 the differential has been reversed and widened to around $20/B and even reached $29/B in September 2011. Based on our calculation given ongoing political conditions, the reversed value of this spread could be easily extended to $33/B (including the normal spread of $3/...

    Volume: 55
    Issue: 16
    Published at Mon, 16 Apr 2012
  11. Towards Convergence Of Sustainable Energy Pathways

    ...OIL PRICES/OPEC Towards Convergence Of Sustainable Energy Pathways   By Noé van Hulst   Dr van Hulst is Director of the new Energy Academy Europe (EAE), based in Groningen, the Netherlands. He was Secretary-General of the International Energy Forum (IEF) from 2008 through 2011...

    Volume: 55
    Issue: 13
    Published at Mon, 26 Mar 2012
  12. Last Chance For Russia To Replace Iran Barrels

    ...al possibility to boost Urals exports to the Mediterranean just when the need arose. The oil export duty reform enacted in October 2011 was expected to pressure simple refineries to cut runs, which would have caused an increase in Urals exports to the Mediterranean. Instead, refineries have actually in...

    Volume: 55
    Issue: 12
    Published at Mon, 19 Mar 2012
  13. Iraq’s Oil And Gas Production And Export: Politics, Security And Challenges

    ...IRAQ Iraq’s Oil And Gas Production And Export: Politics, Security And Challenges   By Thamir Uqaili   Dr Uqaili is an exploration and production consultant. This article is an update of Dr Uqaili’s ‘One Hundred Days In The Iraqi Oil Industry’ (MEES, 27 June 2011...

    Volume: 55
    Issue: 11
    Published at Mon, 12 Mar 2012
  14. Iraq: Does Distribution Of Some Oil Revenues Among Citizens Help?

    ...aq, January 2011. Central Bank of Iraq, Annual Economic Reports for the years 2007-10.  The “fantasy” of distributing oil revenues in cash among the Iraqis initiated immediately after the occupation in 2003 by some foreign concerns which were interested in the pr...

    Volume: 55
    Issue: 10
    Published at Mon, 05 Mar 2012
  15. The US Economic Recovery Can Weather $100/B Oil, But Maybe Not $120/B

    ...ems, traveling, eating in restaurants – to free up money to pay for gasoline, diesel and heating oil. The typical American household spent $4,155 or 5.7% of its budget on gasoline in 2011. If higher oil prices continue and the consumer is not able to adapt, reduction in spending on non discretionary go...

    Volume: 55
    Issue: 09
    Published at Mon, 27 Feb 2012
  16. IEA’s World Energy Outlook: Review And Discussion Of MENA Deferred Investment Case

    ...vember 2011, the International Energy Agency (IEA) released its annual World Energy Outlook (WEO).1 This 660-page report provides analyses and insights into energy demand, production, trade and investment for the next 25 years. It further highlights the implications of a possible delay in upstream in...

    Volume: 55
    Issue: 08
    Published at Mon, 20 Feb 2012
  17. Oil Market In The Absence Of An OPEC Controlling Mechanism

    ...ficial view of the ministry. OPEC, at its 160th meeting of conference on 14 December 2011 held in Vienna, Austria, decided to set its production at 30mn b/d from the beginning of 2012. The OPEC press release emphasized that the agreed amount will include the production of Libya now and in future and in...

    Volume: 55
    Issue: 07
    Published at Mon, 13 Feb 2012
  18. Iraq’s Power Crisis And The Need To Re-Engage The Private Sector – Smartly

    ...aqi household with power for only four to five hours on any given day. How Bad Is The Problem? Despite some additions to capacity over the past decade, demand for electricity in Iraq has been outstripping supply. At an extreme, in July 2011 the peak demand was reportedly over 14.0gw.2  Iraq’s in...

    Volume: 55
    Issue: 06
    Published at Mon, 06 Feb 2012
  19. Iran’s Subsidies Reform: A Year Later

    ...commendation for a gradual five-year approach, President Ahmadinejad in late December 2010 announced drastic increases in energy, water, power and bread prices to go into effect immediately (MEES, 20 June 2011). And unable to find a satisfactory formula to determine eligibility for receiving welfare as...

    Volume: 55
    Issue: 05
    Published at Mon, 30 Jan 2012
  20. Challenges Ahead Of Ban On Oil Imports From Iran – Consequences

    ...rst Nine Months 2011) Country Quantity ('000 b/d) Share of Country Total (%) Share of Iran’s Exports (%) France 53...

    Volume: 55
    Issue: 04
    Published at Mon, 23 Jan 2012