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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: 58Issue: 01Published at Fri, 02 Jan 2015 -
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: 58Issue: 01Published at Fri, 02 Jan 2015 -
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: 58Issue: 01Published at Fri, 02 Jan 2015 -
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 $53.29bn in 11 mo...
Volume: 58Issue: 01Published at Fri, 02 Jan 2015 -
Benchmark Crude Prices ($/B)
...Benchmark Crude Prices ($/B) 31-Dec 22-26 Dec 15-19 Dec Dec-14 Nov-14 Q4 2014 Q3 2014 2014...
Volume: 58Issue: 01Published at Fri, 02 Jan 2015 -
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: 58Issue: 01Published at Fri, 02 Jan 2015