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Iraq, KRG Oil Export Deal Holds Despite Discrepancies
...0,000 b/d gives total Iraqi exports from Ceyhan of just over 514,000 b/d for April, the highest since June 2011. Of the 562,633 b/d that the KRG says it shipped to Ceyhan in April, 415,246 b/d came from “KRG-operated fields,” whilst 147,387 b/d came from “NOC operated fields.” The former includes both fi...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Iran Readies Upstream Opening In Anticipation Of Nuclear Deal
...st 34% of what was envisaged as part of Iran’s fifth development plan (January 2011-March 2015). Already starved of investment from abroad, what little funds NIOC and the ministry does have for investment is being regularly raided by the government in order to pay out monthly cash handouts to the Ir...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Eni Ramps Up Western Desert Output As Cairo Looks To Cut Through Red Tape
...lehia, Ras Qattara, Raml and West Razzak, the Melehia permit, 300km west of Alexandria, accounts for over 75% of total output, some 54,000 b/d. The field’s output has ramped up rapidly since mid-2012 when Eni first tapped the fields deep formations (MEES, 28 May 2012). Back in 2011-12 Agiba produced 40...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Italy Ups Algerian Gas Imports As Lower Oil Prices Feed Through Into Contracts
...ood at 409.1 bcm in 2014, compared with 477.8 bcm in 2011, according to statistics from Eurogas, a fall of almost 15% over the past three years. Falling demand made it a buyers’ market and Europe’s main gas suppliers – Russia’s Gazprom, Norway’s Statoil, Algeria’s Sonatrach, and to some extent Qatar’s Ra...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Saudi Top Oil Brass On China Charm Offensive
...ina. Today, we export around 1 million,” Mr Naimi said at the Beijing Energy Club on 27 April. China was a net exporter of crude until the turn of the millennium. Saudi supplies to China soared to hit 500,000 b/d in 2006 and 1mn b/d in 2011 but have remained at around this level since: overall Ch...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Saudi Reshuffle: Is The Stage Set For An Oil Change?
...re accused of plotting to kill the Saudi ambassador a few years back, a revelation that pushed already tense relations between the two regional powers to a new low in 2011. Should the change lead to a harder line in dealing with Iran, it would complicate Mr Naimi’s task of trying to try to hold an al...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Damascus Cash Crunch As Crude Below 10,000 B/D
...oduction of 385,000 b/d before the start of the uprising in March 2011. However, if the government figures are to be believed, output is actually up slightly on the 2014 average of 9,330 b/d, while the average for the first quarter of 2014 stood at 13,000 b/d (MEES, 9 May 2014). Gas production has fa...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Iraq: Q1 Exports Hit 2.7mn B/D But Still Way Off 3.3mn B/D 2015 Target (‘000 B/D)
...b-15 Jan-15 2014 2013 2012 2011 2010 CRUDE OUTPUT: Federal* 3,064 -42 -77 3,...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Repsol, Gdf Suez, Enel Strike Gas At Sud-Est Illizi Block
...ock on the Libyan side of the border (NC-210) in the Ghadames Basin. They submitted a development plan in 2009 but nothing appears to have happened since, save Australia’s Woodside selling its 45% stake to the Libyan Investment Authority in 2011, with GDF Suez taking over as operator the same year. Ga...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Kuwait Finds New Oil At Home As It Goes Shopping In Tunisia
...ture upstream assets, successful exploration acreage as well as mid- and downstream assets. ENI TUNISIA OUTPUT 2009 2010 2011 2012 2013 20...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Egypt Cancels Summer In Bid To Avoid Power Cuts
...b-15 Jan-15 Dec-14 J-F-15 vsJ-F-14 vs2014 2014 2013 2012 2011 2010 20...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
EGYPT OFFICIAL JAN-FEB 2015 CRUDE & OIL PRODUCTS OUTPUT & DEMAND (‘000 B/D)
...14 2013 2012 2011 2010 2009 CRUDE OIL: Production* 679 670 687 67...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Oman’s LNG Strategy Hinges On New Supplies, Production
...fferent ownerships and contracts. OMAN LNG EXPORTS (MN T/Y) OMAN: KEY GAS AND REVENUE STATS 2010 2011 2012 2013 2014 2015 Ga...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
OPEC Takes Revenue Hits But Stays Course On Output
...iefing in Washington DC. Prices averaged $100-110/B between January 2011 and August 2014 but have averaged around $55/B for Brent since the start of 2015. “The $380bn is almost a little short of a fifth of the size of their economies, a substantial amount for those countries. And similarly, for their bu...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Firms Face Up To Mounting Libya Write-Offs
...LIBYA Firms Face Up To Mounting Libya Write-Offs The past year has seen a significant downturn in output for oil companies operating in Libya, with several firms recording their worst year since the toppling of Mu’ammar al-Qadhafi in 2011, and others deciding to write-off expenses fr...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Chinese Q1 2015 Crude Imports (‘000 B/D)
...7 +2.8 +0.6 +1.0 61.3 58.2 60.7 62.3 60.4 63.6 *SOUTH SUDAN BECAME INDEPENDENT IN JULY 2011 BUT WAS STILL IN...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Us Petroleum Imports, Exports, Demand (‘000 B/D)
...1Q14 4Q14 3Q14 2014 2013 2012 2011 2010 CRUDE OIL IMPORTS 7,396 7,242 7,...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
PDO Accepts Oman Oil Ministry Challenge To Drive Push To 1mn b/d
...ar between 2011 and 2014. Speaking at an industry event late last August, MOG undersecretary Salim al-‘Oufi asked “what would it take” for the company to boost its crude oil production beyond its then 570,000 b/d level to 600,000 b/d. “We need to understand the timeframe [and] cost,” he sa...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
Qatari LNG Faces Up To Uncertain Global Climate
...r gas-fired power generation. South Korean demand for LNG rose significantly in 2013 due to the shutdown of several nuclear plants following the nuclear fake certificates scandal. Meanwhile, all of Japan’s nukes have remained out of action since the Fukushima nuclear accident in 2011. China, wh...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
MENA LNG Exporters Set To Lose Market Share
...curity issues causing operator Total to halt production earlier this week. Yemen LNG exported 6.27mn tons for 2014, down 0.6mn tons on 2013. In 2014, global LNG imports reached 239.2mn tons, up 1% from 2013 but still below the 2011 levels, when LNG demand from Japan, the world’s largest importer, ro...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015