Libya: No More Than A Glimmer Of Hope

...Foreign powers hope a nascent peace deal in Libya will be a prelude to concerted action against IS. But the omens for success do not look good. As Libya approaches five years since the uprising began that culminated in the removal of long-time leader Mu’ammar al Qadhafi in 2011, there has be...

Importers Of Iranian Crude 2011-2015 (MN B/D)

Prices Hit 11-Year Lows With No Sign Of A Reprieve

...erage imports from Iran of 120,000b/d for the first 11 months of 2015, this year is on target to be the lowest for at least a decade: last year South Korea imported 125,000 b/d from Iran; volumes were twice as much (248,000 b/d) in 2011 before sanctions intensified (see graph). The IEA’s latest mo...

Libya: Fragile Peace Leaves Many Questions Unanswered

...volved in fighting in Libya since the ousting of Muammar al-Qadhafi in 2011. A political agreement is a crucial part of securing a lasting peace in Libya, but the two governments have far from complete control over the patchwork of militias involved in the conflict, whether or not they have declared al...

Algeria Looks May Trim Refining Plan Further As Reduced Export Revenues Bite

...made clear to industry players operating in Algeria. Boosting Algeria’s refining capacity is of strategic importance for the government. Firstly, because of rocketing domestic demand for transport fuels, Sonatrach has had to import both gasoline and diesel since 2011, with volumes reaching pe...

South Sudan Oil Output Hike Remains A Distant Prospect

...mpletely.   Oil production in South Sudan in 2015 has averaged about 148,000 b/d, according to figures from the Ministry of Petroleum, Mining and Industries, down from about 220,000 b/d before the outbreak of civil war in December 2013, and more than 400,000 b/d prior to South Sudan’s independence in July 2011...

Egypt Inaugurates 200mw Gebel El Zeit Wind Farm

...vestment Bank provided a further €50mn and the European Commission €30mn. The project was slowed by the 2011 ‘Arab Spring’ uprising and subsequent political turbulence, a Ministry of Electricity and Energy official told reporters. Project go-ahead was given in late 2008 and the financing deal was co...

US Oil Output, Imports, Exports, Demand: Q3 Oct & Nov 2015 (‘000 B/D)

...15 1Q15 4Q14 2014 2013 2012 2011 CRUDE OIL IMPORTS 7,355 7,188 7,222 -41...

Crude Official Selling Prices ($/B)

...15 1Q15 4Q14 2014 2013 2012 2011 CRUDE OIL IMPORTS 7,355 7,188 7,222 -41...

Libya: Could ‘Peace Deal’ Double Oil Output To 800,000 B/D?

...national politics. The conflict in Libya’s southwest dates back to before the fall of Mu’ammar al-Qadhafi in 2011, but it has since become a proxy war for the broader confrontation between the internationally-recognized government in Baida and the unofficial National Salvation Government in Tr...

Egypt Looks Beyond Current Storms To Gas-Fueled Upland

...en extensively explored by Shell, which drilled nine either unsuccessful or sub-commercial wells on its giant Northeast Mediterranean deepwater (Nemed) block between 2006 and 2011.  EGYPT: KEY RECENTLY-AWARDED DEEPWATER BLOCKS   ENI: NEW MODEL Eni says its success where Shell fa...

Algeria Faces Record $14bn Trade Deficit

...14               2015(a) 2015(b)   $bn %   2014 2013 2012 2011 Imports 51...

Middle East To Drive Gas Growth, But Is It Sustainable?

...th renewables. But there are huge regional discrepancies – and the consensus is that outside of the US, the “golden age of gas” touted in the organization’s 2011 WEO remains a long way off. GLOBAL DEMAND DOWN, MIDEAST UP The IEA has increased its demand outlook for the Middle East si...

Saudi Crude Output Up But Refiners Put Squeeze On Exports

...3Q14 2Q15 1-3Q15 1-3Q14 2014 2013 2012 2011 2010 2009 Crude Pr...

Taiwan LNG Imports January-September 2015

...15 2010 2011 2012 2013 2014 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Ju...

Opec Market Share Policy To Bear Fruit Next Decade - But Not For All

...0/B for Brent for 2011 through H1 2014 to below $50/B for all but a few days since the start of August (and below $45/this week). Though last year’s WEO was released in November, when prices had already fallen to around $80/B, at the time it was far from clear that this, never mind yet-lower prices, wa...

Dana Gas Positive On UAE, Egypt, But Kurdish Receivables A Major Concern

...rect from the Khor Mor plant through local contractors.” As part of their 3Q financial statements, Dana Gas states that Pearl invoiced the KRG for 200mn cfd of “excess gas” for the period January 2011 to May 2015, totalling $1.498bn. Dana Gas’s 40% share is worth $599.2mn. However, the KRG’s cu...

Lebanese Politicians Pass Essential Financial Laws

...oductive cabinet. LEBANON: KEY ECONOMIC INDICATORS -IMF   2011 2012 2013 2014 2015 est. 2016 est. 2017 est. GDP Gr...

Taiwan Crude Imports. Middle East Share Grows To 87% In 2015 ('000 B/D)

...13 2012 2011 2010 2009 2008 2007 Middle East 725.4 843.8 513.4 69...

Oxy Set To Quit Iraq’s Zubair After Payment Frustration

...shore concession (see p2), whilst negotiations with Oman look to extend Block 9 beyond its December 2015 expiry.  OXY MENA CRUDE OUTPUT (NET, '000 B/D)   2011 2012 2013 2014 Qa...