1. Lebanon Bid Round

    ...l and gas file has spent months on ice – with essentially no progress whatsoever towards advancing the bid round since the end of former President Michel Sulaiman’s term in May of 2014. Political deadlock thwarted the election of a new president, and Lebanon has since faced a vacuum in its executive br...

    Volume: 58
    Issue: 01
    Published at Fri, 02 Jan 2015
  2. Israel: Leviathan Development Set For Further Delays Following Anti-Trust U-Turn

    ...fshore Israel, to keep hold of both the giant 22 tcf Leviathan field and the 10 tcf Tamar field. Anti-trust Commissioner David Gilo labelled the firms, which operate all of Israel’s major offshore discoveries (see table), a cartel. This reverses a March 2014 ruling stating Noble and Delek could keep ho...

    Volume: 58
    Issue: 01
    Published at Fri, 02 Jan 2015
  3. Saudi Arabia Budgets For $39Bn 2015 Deficit Despite Spending Cut

    ...dget, unveiled by the Saudi cabinet on 25 December. The 2015 budget projects revenue at SR715bn ($190.7bn), with spending of SR860bn ($229.3bn) planned. The former is down by 33% in real terms on the latest official estimate of actual 2014 revenue, while the latter represents a 24% real terms cut: th...

    Volume: 58
    Issue: 01
    Published at Fri, 02 Jan 2015
  4. Algeria: OPEC Must Cut

    ...ow that the trade balance in the first 11 months of the year has fallen to $5.37bn from $8.87bn in the corresponding period of 2013. The value of exports in 11 months of 2014 fell slightly to $58.67bn from $59.07bn in the same period of 2013, while the value of imports was up to $53.29bn in 11 mo...

    Volume: 58
    Issue: 01
    Published at Fri, 02 Jan 2015
  5. Benchmark Crude Prices ($/B)

    ...Benchmark Crude Prices ($/B)   31-Dec 22-26 Dec 15-19 Dec Dec-14 Nov-14 Q4 2014 Q3 2014 2014...

    Volume: 58
    Issue: 01
    Published at Fri, 02 Jan 2015
  6. Imports Of Iranian Crude & Condensate By Country (Mn B/D)

    ...Imports Of Iranian Crude & Condensate By Country (Mn B/D)     >  Imports of Iranian crude oil and condensate rose 13.4% in the first 11 months of 2014 versus the corresponding period in 2013,  as an easing of international sanctions on the Islamic Republic in late-2013 helped bo...

    Volume: 58
    Issue: 01
    Published at Fri, 02 Jan 2015