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Bijan Namdar Zanganeh: A Star Is Born At OPEC
...at it was pre-sanctions as soon as the restrictions on its exports are lifted. Current Iranian production is some 800,000 b/d down on what it was back in 2011 (see p2), whilst Iran’s current exports are 1.2-1.3mn b/d below the 2.5mn b/d it was producing in the same year. Mr Badri said after the en...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
Total Sees Sunshine Amid Gulf Turbulence-Interview With CEO Patrick Pouyanne
...0 B/D) Gas (MN CFD) 2011 2012 2013 2014 2011 2012 2013 20...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
Algeria Ploughs On With Failed Policies
...nister, in 2011. But in recent months it has been little mentioned. The goal is “still on the agenda,” said Mr Demmak, although he admitted that “nothing major” has been done so far in terms of infrastructure development. Renewables are “part of the solution” to tackling the issue of providing clean an...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
Saudi Generator Hikes Capacity By 6%, Fuel Flexibility The Key
...C’s share of total Saudi installed capacity fell from a peak of 82% in 2011 to 74% for 2014. The company says that its actual volume of generated electricity exceed the company’s planned volume for 2014 by 9.1%. However, the company improved the average thermal efficiency of its plants by 1% co...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
Jordan’s Energy Supplies: Lots Of Options, None Of Them Good
...sue, which ‘Amman aims to tackle through its Electricity Master Plan. Jordan imports both crude oil for its sole refinery, the 100,000 b/d nameplate capacity Zarqa plant, and refined products, given that demand has raced ahead of domestic refining capacity since gas supplied from Egypt dwindled in 2011...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
Wintershall Eyes Future Opportunities In Libya Despite Onshore Production Shut-In
...August 2012). Wintershall Libya is 51% owned by German chemicals firm BASF and 49% owned by Russian state gas giant Gazprom. Key assets are the C96 and C97 blocks in the east of Libya’s Sirte Basin oil production heartland, which typically produced 100,000 b/d prior to Libya’s 2011 re...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
Us Crude Production Continues To Rise As Imports Fall (‘000 B/D)
...4Q14 vs1Q14 4Q14 3Q14 2014 2013 2012 2011 2010 CRUDE OIL IMPORTS 7,020 7,...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
Egypt Doubles Down On Attempts To Reverse Gas Slump
...e BG-operated WDDM project more than accounts for the remainder. Output from the BP/Eni fields is down by a total of 524mn cfd since 2011, with BG output down 440mn cfd over the same period, some 83% of the overall 1.15bn cfd fall in Egypt’s output since 2011. Eni has been keen to talk up its De...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Saudi Mosque Bombings Shatter Illusion Of Security
...stern Province since the 2011 so-called Arab Spring revolutions. Riyadh has in the past blamed Iran for what it says is an attempt to foment strife amongst the Shia minority. It also blames Tehran for supporting the Houthi rebellion in Yemen, which prompted King Salman to order air strikes against the Ye...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
ENOC Moves Ahead With Offer To Absorb Dragon Oil
...though the UAE raised gasoline prices twice in recent years, it deferred a third price in the wake of the Arab revolutions of 2011, fearful of a backlash. Federal law requires that Enoc and its subsidiary Emirates Petroleum Products Company (Eppco) sell gasoline at the government mandated price. In 2011, th...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Wintershall Exits Qatar Gas Block
...st. It comes as the German oil and gas company is struggling to maintain its output in Libya, where it produced up to 100,000 b/d of crude oil before the February 2011 revolution. Output has been erratic since and Wintershall has said that it does not see a return to pre-crisis production levels this ye...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
South Sudan: Remaining Oil Output Under Threat
...velopment (IGAD) going nowhere, and the crisis showing few signs of abating, the focus has once again turned to South Sudan’s oil fields, the country’s main revenue earner. Oil production is down from around 245,000 b/d pre-conflict, and 347,500 b/d in the second half of 2011, immediately after the So...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
Companies Scale Back Libya Expectations
...nce 2011 (MEES 24 April). The impairments “mainly related to the deteriorating security situation this quarter,” said Total’s chief financial officer, Patrick de la Chevardiere, in a conference call on 28 April. “We have fully impaired our onshore fields in Libya, which is most of the charge, as we...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
Saudi Aramco Oil, Gas Reserves At All-Time High
...DICATED) 2014 vs2013 2005 2006 2007 2008 2009 2010 2011 2012 20...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Morocco’s $4.6bn LNG Scheme Continues To Drum Up Interest
...d a 170MW steam turbine, requiring around 84 mn cfd (0.87 bcm/y). Supplies to the two plants were until October 2011, exclusively covered by the payment in kind – 0.75 bcm/y of gas that Morocco would receive from Algeria in return for transit rights. Morocco wanted to receive its transit fees in ca...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Egypt’s Deficit Up
...balances after the January 2011 revolution (including $3bn grants from Saudi Arabia and the UAE, in addition to E£20.3bn out of the E£29.7bn allocated to finance the first stimulus package), it did not have the same inflow in the corresponding period of 2014-15. If these exceptional inflows were to be ex...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Algeria’s Youcef Yousfi Ousted In Cabinet Reshuffle
...ined in 1998 as head of the petroleum economics studies division before becoming head of operational research and petroleum economics until 2004. His most recent role was as chairman and chief executive of the Algerian Petroleum Institute (IAP), a position he held for five years until 2011. Mr Khebri gr...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
He Ain’t Heavy, He’s My (OPEC) Brother
...rticular market have failed miserably. In 2011, when the world lost nearly all Libyan output, Saudi Arabia came up with the notion that it could fill the void by creating a super-light, low sulfur blend mimmicing Libyan crude. But the Saudi cocktail found almost no takers: while the API gravity of the bl...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
US Tries To Soothe Gulf Arab Fears Over Iran At Camp David Summit
...nations sharing common interests. The GCC has been weakened by internecine disputes since the start of the so-called Arab Spring revolutions of 2011, often finding some of their members on opposite sides of the struggle against rising extremism in the region. The metastatic spread of Iranian in...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Libya Could Run Out Of Cash Sooner Rather Than Later
...ports of refined products. Public salaries dropped slightly from LD25.6bn in 2013 to LD23.8bn in 2014, but this was still more than 60% higher than the LD14.8bn the government spent on salaries in 2011. The drop in the oil price is likely to mean the government’s subsidies bill falls in 2015, but if the ad...
Volume: 58Issue: 20Published at Fri, 15 May 2015