1. Israel Refineries Maintain KRG-Fueled Near-Record Runs

    ...%. >  In contrast the 100,000 b/d-capacity Paz Ashdod refinery held output at a record 107,000 b/d throughout the first six months of 2015. The company is reaping the benefits of a major expansion and upgrade of Ashdod refinery in 2011 and 2012 (MEES, 29 August 2014), which not only increased crude di...

    Volume: 58
    Issue: 39
    Published at Fri, 25 Sep 2015
  2. GCC Fertilizers Capacity Hits 41Mn T/Y, But Feedstock Crunch Awaits

    ...particular is diversifying by mining indigenous phosphate to produce DAP. First DAP fertilizer was produced in 2011 and Saudi DAP capacity is now 3.4mn t/y. Saudi miner Ma’aden is expanding its phosphate developments under a $7.97bn program, says the GPCA. More conventionally, Bahrain’s Gulf Pe...

    Volume: 58
    Issue: 38
    Published at Fri, 18 Sep 2015
  3. Venezuela Steps Up Campaign To ‘Stabilize’ Oil Prices

    ...ed to be a regular buyer of Iranian crude before sanctions were ratcheted up on Iran in mid-2012. Iran was in fact Pretoria’s largest oil supplier pre-2012, exporting 85,000 b/d to the African state in 2011 on average, according to MEES estimates.  OPEC VS IEA SUPPLY-DEMAND BALANCE,SEPTEMBER 20...

    Volume: 58
    Issue: 38
    Published at Fri, 18 Sep 2015
  4. North Africa Security Special Report: Too Late To Roll Back Islamic State?

    ...ficials, it was the only country in the Middle East and North Africa region not to suffer from terrorism in 2014. The most recent major attack in the kingdom was in April 2011, when 17 people were killed and 25 injured in an explosion at a restaurant on Djema el-Fna, the main square in Morocco’s tourist hu...

    Volume: 58
    Issue: 38
    Published at Fri, 18 Sep 2015
  5. Syrian Oil: ‘$48Bn Losses’

    ...SYRIA Syrian Oil: ‘$48Bn Losses’ Damascus says “direct and indirect loss” to the oil and gas sector in Syria since the March 2011 start of the country’s civil war have reached $48bn. Oil minister Sulaiman al-‘Abbas, tells local daily al-Watan that since then “terrorist groups” ha...

    Volume: 58
    Issue: 37
    Published at Fri, 11 Sep 2015
  6. S&P Junks Iraqi Bond

    ...GDP in 2014. S&P is also projecting public debt to rise to 65% of GDP in 2015-18 from about 39% in 2014. With the collapse in oil prices, the agency expects the current account which had an average surplus of 10% of GDP in 2011-14 to turn to a deficit averaging 3% of GDP in 2015-18. Iraq plans to...

    Volume: 58
    Issue: 37
    Published at Fri, 11 Sep 2015
  7. Eni 30tcf Egypt Gas Find A Game-Changer For East Med Energy Market

    ...pply four LNG cargoes via Jordan’s ‘Aqaba import terminal – that is to say via a reversal of the pipeline that until 2011 supplied Egyptian gas to Jordan. Two cargoes will arrive September and two in October with Shell supplying two cargoes and Vitol and Trafigura, who have already signed-up to import mo...

    Volume: 58
    Issue: 36
    Published at Fri, 04 Sep 2015
  8. Minister Outlines Iraq’s Power Sector Woes As IMF Warns On Rising Subsidies

    ...ys there has been a shift in the structure of Iraq’s electricity consumption in recent years. In particular, the share of government and public sector consumption has risen to 32% in 2014 from 23% in 2011. Meanwhile, industry’s share of consumption has fallen to 17% in 2014 from 25% in 2011. Ho...

    Volume: 58
    Issue: 36
    Published at Fri, 04 Sep 2015
  9. August OPEC Production: Output Falls For First Time In Six Months

    ...n b/d above the 30mn b/d output ceiling in place since December 2011, and close to 2.4mn b/d above what the IEA has estimated as global demand for Opec crude in 2015. The biggest individual decrease in August came in Iraq, which along with Saudi Arabia has been one of the main drivers of Opec’s pr...

    Volume: 58
    Issue: 36
    Published at Fri, 04 Sep 2015
  10. The Only Way Is Down For Algeria’s Trade Balance

    ...cord surpluses of over $20bn for 2011 and 2012 (see table). And MEES analysis suggests that the situation is going to get worse with the country on course to rack up a $20bn deficit for the year as a whole. The collapse of Algeria’s trade balance is inevitable given the slump in global oil pr...

    Volume: 58
    Issue: 35
    Published at Fri, 28 Aug 2015
  11. Saudi Shrugs Off Calls For Action Over Oil Price, Revenue Collapse

    ...rn Libya (down 88% from 2012), Algeria has seen its revenue halve since last year. Takings are down 60% from their 2011 peak, with volumes as well as prices on the slide (see p6). This points to another way in which these MEES back-of-the-envelope calculations could underestimate the slide in co...

    Volume: 58
    Issue: 35
    Published at Fri, 28 Aug 2015
  12. Iran: Domestic Companies Seek Assurances Ahead Of Oil Opening

    ...volvement with Iran before sanctions. Besides supplying turbines, the company helped local firm Tuga to build its own turbine manufacturing plant. Before the 1979 revolution, Siemens was Iran’s chosen partner for the Bushehr nuclear power plant, which was completed in 2011 by Russian firms. Ma...

    Volume: 58
    Issue: 34
    Published at Fri, 21 Aug 2015
  13. South Sudan Oil Income Falls, Peace Process Stalls

    ...ippling $24.1/B to the government of Sudan in return for the use of its oil export infrastructure and in compensation for the oil resources lost by the north, when South Sudan became a separate state in July 2011. In recent months, it has been unable to keep up with these payments. The DPOC lifting pr...

    Volume: 58
    Issue: 34
    Published at Fri, 21 Aug 2015
  14. Israel Delays Key Gas Development Vote

    ...en its dependence on gas rise, reaching 41.7% of the country’s energy mix in 2014 (see chart), with that due to rise this year to close to 50%. Israel imported gas from Egypt via the Arab Gas Pipeline but that was discontinued in April 2012 in the aftermath of the January 2011 revolution in Eg...

    Volume: 58
    Issue: 34
    Published at Fri, 21 Aug 2015
  15. United States Latest Oil Imports, Exports, Demand (‘000 B/D)

    ...15 vs1Q15 vs2Q14 2014 2013 2012 2011 2010 CRUDE OIL IMPORTS 7,806 7,487 7,...

    Volume: 58
    Issue: 34
    Published at Fri, 21 Aug 2015
  16. Turkey Crude And Gas Imports

    ...13 2012 2011 2010 Iraq 245.1 +117.7 127.4 186.6 +93.4 +60.4 10...

    Volume: 58
    Issue: 34
    Published at Fri, 21 Aug 2015
  17. Japan’s Inpex Eyes Iran Return Post-Sanctions

    ...pan’s biggest supplier in the first six months of 2015 has been Saudi Arabia, followed by the UAE and Russia. These volumes from Iran are well down on pre-sanctions levels however. In 2011, before sanctions on the purchase of Iranian crude oil were introduced, Japanese imports from Iran averaged 31...

    Volume: 58
    Issue: 33
    Published at Fri, 14 Aug 2015
  18. LNG Demand Outlook Looks Bearish As Japan Restarts Nuclear Plant

    ...t to come under further pressure. The restart of a first reactor at Japan’s Sendai nuclear plant this week marks a key step in the country’s drawn-out efforts to bring back its nuclear fleet, following the March 2011 tsunami and ensuing nuclear crisis. The news is bearish for LNG prices, es...

    Volume: 58
    Issue: 33
    Published at Fri, 14 Aug 2015
  19. JAPANESE LNG IMPORTS 2005-2015

    ...VOLUME (mn tons) 2005 2006 2007 2008 2009 2010 2011 2012 2013 20...

    Volume: 58
    Issue: 33
    Published at Fri, 14 Aug 2015
  20. Iraq: Key 2Q15 Oil Data (‘000 B/D)

    ...1H14 1H14 2014 2013 2012 2011 2010 CRUDE OUTPUT: Federal^   3,591 3,288 3,...

    Volume: 58
    Issue: 33
    Published at Fri, 14 Aug 2015