- Sort by:
- Score
- Published ▼
-
Algeria Stares Deficit In The Face
...ojected only a moderate worsening to $10.4bn this year; the actual numbers for January-August suggest $7bn will be closer to the mark. Algeria posted a $20bn surplus as recently as 2011 (see graph). Oil Prices Down The key change has been the sharp fall in crude prices since July. The average pr...
Volume: 57Issue: 41Published at Fri, 10 Oct 2014 -
Benchmark Crude Prices ($/B)
...13 2012 2011 WTI 85.77 91.44 92.26 93.13 95.95 97.25 103.00 98...
Volume: 57Issue: 41Published at Fri, 10 Oct 2014 -
Egypt Enjoys Unexpected Bid Round Success
...om adapting its prices, Egypt also appears to have overcome the political volatility the aftermath of the Arab Spring in 2011. The protests following the ouster of President Muhammad Mursi and his Muslim Brotherhood government by the army last year were quickly suppressed, and this June’s election of mi...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
New Japan LNG Exchange May Prove Disruptive In Key Qatari Market
...G prices are typically several dollars per mn BTU cheaper (see table). Since the earthquake and resultant tsunami and disaster at the Fukushima Daiichi nuclear plant in 2011, Japan’s role in the global LNG trade has shifted dramatically: Japan was already the largest LNG market prior to the in...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Solar Gets Key Financing Boost, But Much More Needed
...vestment since 2011, committing $590mn to date. Other World Bank investment in the MENA region targets economies hit by the Arab Spring, which need urgent structural reforms to break the vicious circle of slow growth and political instability. Oil importers Egypt, Tunisia, Jordan and Lebanon in particular ha...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Egypt Eyes 2016 Start For 650MW Suez Plant
...censing round suggests the country’s ailing gas sector will soon get a much-needed boost, even if exploration takes off it will take years for this to feed through into significantly higher output (see p2). Egyptian gas output has fallen consistently since the ‘Revolution’ of early 2011, hitting a 9-year lo...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Airstrikes Hit Syria’s Murky Wartime Oil And Gas Sector
...e entry of US-led coalition warplanes into the Syrian melee. In fact, Syria suffered from years of decline in its oil sector even prior to the outbreak of war in 2011, which then reduced oil and gas production to a mere trickle. Declining oil revenues helped put Syria on the path to civil unrest an...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Kuwait Boosts Surplus Despite Falling Revenue
...% 2011-12 REVENUE 31.81 32.00 -0.19 -0.6 18.10 +13.71 +75.8 30...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Is Iran’s Economy Turning The Corner?
...Raghfar added that the key drivers to generate real growth are increased output, improved productivity and higher efficiency in the economy. This growth should also be able to create new employment opportunities. Inflation Falls To 21%, Lowest Since 2011 On the inflation front the news is al...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Benchmark Crude Prices ($/B)
...12 2011 WTI 91.01 92.26 93.54 93.13 95.95 97.25 103.00 98.03 94...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Libya’s Fragile Oil Recovery Continues
...tuation threatens to instantly reverse Libya’s output recovery. Production dipped as low as 150,000 b/d earlier in the year, but had been at 1.5mn b/d last July prior to the shutdown of the eastern terminals, a remarkable recovery from the almost total outage during the 2011 revolution, and only just shy of...
Volume: 57Issue: 39Published at Fri, 26 Sep 2014 -
Fresh Fighting Threatens Remaining South Sudan Oil Output
...minating relations between the two nations for the first 18-24 months of the South’s independence from Sudan in July 2011. Tensions eased towards the back end of 2013, only to resurface this year, following the rebel leader Riek Machar’s visit to Khartoum in July. Khartoum is yet to give any official re...
Volume: 57Issue: 39Published at Fri, 26 Sep 2014 -
Eni Shows Its Faith In Egyptian Deepwater
...the North Port Fouad block last week (MEES, 19 September). These four blocks, together with the Shorouk block that Eni took in April last year, comprise the bulk of Shell’s former giant NEMED concession. Shell discovered gas here but quit in 2011 saying development was uneconomic. The fact th...
Volume: 57Issue: 39Published at Fri, 26 Sep 2014 -
Saudi Arabia Defends Market Share With Asian Price Cut
...tween 2011 and 2013, they made up for the 1.6mn b/d supply shortfall, he adds, apparently referring to the loss of production from Libya and the continued absence from markets of Iranian crude, which is down by 1mn b/d from pre-sanctions level. But the situation has changed since then. Libyan oil pr...
Volume: 57Issue: 39Published at Fri, 26 Sep 2014 -
Kuwait Seeks IOC Help To Hit Production Targets
...servoir at Burgan. A pilot program completed in 2011 yielded an encouraging boost in pressure and reduced water cut; during the first phase of development, KOC will inject 660,000 b/d of water as part of its plan to maintain production capacity at Burgan. Water injection will rise to 1mn b/d by 2020. KO...
Volume: 57Issue: 39Published at Fri, 26 Sep 2014 -
Crisis-Proofing Middle East Oil Exporters’ Purchasing Power
...nance social welfare and infrastructure investment. The anxiety over popular discontent prompted the kingdom to increase social spending by $130bn following the ‘Arab Spring’ of 2011. Such expenses will only become more costly if alternative sources of revenue, such as manufacturing, tourism, and fi...
Volume: 57Issue: 39Published at Fri, 26 Sep 2014 -
Benchmark Crude Prices
...13 2012 2011 WTI 92.53 93.54 92.44 95.95 102.36 103.00 98.56 98...
Volume: 57Issue: 39Published at Fri, 26 Sep 2014 -
Libya Oil Revival Cut Short By Sharara Outage
...litical crises and strikes left oil production fluctuating since the ouster of Muammar al-Qadhafi in 2011. Libya’s production increases in recent months had defied an escalating conflict between militia supporting opposing political factions. Output rebounded after the Political Bureau of Cyrenaica (PB...
Volume: 57Issue: 38Published at Fri, 19 Sep 2014 -
Bahrain Plans Advance
...at it expects to complete the FEED work by the end of next year. Yet, this is not the first FEED to be conducted for the refinery expansion. In 2011, Chevron Lummus Global completed a FEED study at the refinery when plans called for an expansion to 450,000 b/d. However, Bapco and the country’s Na...
Volume: 57Issue: 38Published at Fri, 19 Sep 2014 -
Tehran Seeks Increased Power Productivity
...red], Bandar Abbas [1.28GW oil] and Shahid Montazeri [1.6GW oil] power plants.” Tehran and Moscow have been talking for some time about Russia’s Rosatom building two new 1GW nuclear power plants alongside the plant at Bushehr that is completed in 2011....
Volume: 57Issue: 38Published at Fri, 19 Sep 2014