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EU-Algiers Political Efforts Out Of Touch With Market Realities
...e Transmed pipeline averaged around 780mn cfd in Q2 2014, down from 840mn cfd a year ago. This was higher than 632mn cfd in Q1 2015. ALGERIA’S PIPELINE GAS EXPORTS (bcm /y) 2011 2012 2013 20...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
Egypt Signs Deals For CDU, Diesel Units In Push To Meet Rising Demand
...163,000 b/d in 2011 – when the Mubarak regime was overthrown and Egypt’s economy went into decline – diesel output averaged 150,000 b/d in the first five months of 2015, compared with 142,000 b/d in 2014. The recovery in domestic diesel production appears to be keeping the need for imports in ch...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
Libya Looks To Recover Overseas Cash
...rgesse with the aim of garnering support. Post-Qadhafi’s 2011 downfall this has left the LIA with a haphazard portfolio of investments across more than two dozen African countries, mainly in the telecoms, agriculture, mining and hotel sectors. The move against the four countries – Rwanda, Chad, Za...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
Jordan Taps Bumper Aid; IMF Praises Energy Policy
...a downward path. He also said there is a need to implement structural reform geared to job creation, labor market reform and improvement in the business climate. Jordan was badly hurt when the flow of Egyptian gas, which fuelled electricity generation in the kingdom, was severely reduced after the 2011...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
Kuwait, Saudi Spat Over Neutral Zone Heats Up
...olation of the bilateral agreement, he adds. He also says that work to cut emissions had begun in 2011 and was due to be completed in 2017. Mr ‘Umair says in the letter that the Kuwaiti side had suggested to the Saudis that production resume at Khafji at a reduced rate of 100,000 b/d, but that the Sa...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
Iran Gets The Show On The Road For Contract Launch
...owth has been considerably slower than expected: Crude oil production in Iran is currently running at around 2.8mn b/d, down on 3.6mn b/d in 2011; while gas production growth has only really picked up over the past 12-15 months (MEES, 13 March). And with this roadshow, Iran is hoping to lure some of...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
Algeria’s Upstream Challenges In Four Graphs
...emingly written earlier) 2014 report says “the engineering, acquisitions, construction and preparation to have [BMS] operating will be completed in the first half of 2015, and first production is expected around July.” Again, production appears to have not yet begun. Cepsa has since 2011 been owned by Abu Dh...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
New Suez Canal Begins Testing Ahead Of 6 August Grand Opening
...1H14 1H14 2014 2013 2012 2011 Oil Total 8,427 6,934 6,857 22,218 +13...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
Syria: Territorial Disintegration Looms As Conflict Enters New Stage
...r deserters and draft dodgers, apparently to boost numbers in his conscription army. According to the anti-regime British-based Syrian Observatory for Human Rights, there are some 70,000 draft dodgers in government controlled areas alone. Since the beginning of the civil war in March 2011, the Sy...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
Libya Oil: A Write-Off?
...mar al-Qadhafi in October 2011. Despite the political turmoil, BP made several efforts to pursue the development of its business in Libya, which consists entirely of exploration assets. In 2012, the company dusted off its plans and held two major tenders: the first, for contractors to work on its pl...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
Algeria Ducks Decisive Action With Supplementary 2015 Budget
...14 trade surplus of $4.3bn was already the lowest since 1998 and compares to a surplus of over $20bn for 2011 and 2012 (see graph). Forex reserves fell to $159.9bn at end-March 2015, down from $178.9bn at end-December 2014, according to Algerian Customs. In the revised budget, Algeria has lo...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
Korea Cuts Buying Of Gulf LNG Despite Price Collapse
...igh on hub and spot prices. SOUTH KOREAN LNG IMPORTS BY COUNTRY OF ORIGIN Volume (mn tons) 2008 2009 2010 2011 2012 2013 20...
Volume: 58Issue: 30Published at Fri, 24 Jul 2015 -
Another Summer Of Discontent For Iraq’s Basra Amid Power Shortages
...s Company with 51% and Japan’s Mitsubishi with 5%. IRAQ GAS PRODUCTION (MN CFD) 2009 2010 2011 2012 2013 2014 Ja...
Volume: 58Issue: 30Published at Fri, 24 Jul 2015 -
In Search Of Iran’s Market Share
...wn Iran’s ‘lost’ market share. Overall, Iran’s crude exports are down by about 1.2mn b/d since 2011 after the US and EU ramped up sanctions in early 2012. SAUDI STRUGGLE The obvious first place to look for Iran’s market share is across the Gulf in Saudi Arabia. The kingdom posted all-time re...
Volume: 58Issue: 30Published at Fri, 24 Jul 2015 -
China Crude Imports Hit Record In 2q15 (‘000 B/D)
...JULY 2011 BUT WAS STILL INCLUDED IN THE ‘SUDAN’ NUMBERS UNTIL JUNE 2013. SOUTH SUDAN 2013 FIGURE IS FOR 2H13. CHINA’S TOP CRUDE SUPPLIER: RUSSIA OVERTAKES ANGOLA AS NUMBER 2 (‘000 B/D)...
Volume: 58Issue: 30Published at Fri, 24 Jul 2015 -
South Korean Crude Oil & Condensate Imports, ‘000 B/D: Saudi Volumes Top 1mn B/D In Q2
...2Q14 2014 2013 2012 2011 2010 MIDDLE EAST 2,103 -480 2,583 2,...
Volume: 58Issue: 30Published at Fri, 24 Jul 2015 -
India’s Key Crude Suppliers 2009-15*: Iran Slides From Second To Seventh Spot (‘000 B/D)
...12-13 2011-12 2010-11 2009-10 rank Saudi Arabia 695 1 -91 +157 786 69...
Volume: 58Issue: 29Published at Fri, 17 Jul 2015 -
Egypt Petchems Plans Continue To Expand As Tahrir Gets Styrene Plant
...0,000 t/y Jet-kero/reformate EMethanex (2011 - methanol) Damietta 1,000 1.3mn t/y 110mn cfd methane EPP (2011 - propylene & polypropylene) Port Sa...
Volume: 58Issue: 29Published at Fri, 17 Jul 2015 -
Libya: Oil Boost Hopes Fizzle Out Amid Hollow ‘Peace Deal’
...cretary-general’s special representative for Libya, Bernardino Leon, celebrated the deal but recognized its limitations. “This act signaled the adoption of a framework for further talks. It has brought the country one step closer to ending the conflict and fulfilling the goals of the 2011 revolution,” he to...
Volume: 58Issue: 29Published at Fri, 17 Jul 2015 -
Saudi Taps Domestic Market For $4bn Amid Soaring Deficit
...12 2011 Revenue 747 715 1046 -331 -30.4 1131 1239 1110 o/w Oi...
Volume: 58Issue: 29Published at Fri, 17 Jul 2015