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GCC Polymers Increasing In Volume And Sophistication, Says GPCA
...08-13 Chg 2013-18 2008 2009 2010 2011 2012 2013 MN T % %/yr...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
Iran Power Supply Up 4.6%, Capacity Hits 70GW
...n be viewed as remarkable progress given international sanctions. Recent international focus on Iran’s power sector has centered on the 1GW Bushehr nuclear plant, which western powers fear hides a nuclear weapons program. The plant has operated intermittently since 2011 start-up; it is currently sh...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
MENA Countries Hike Defense Spending For 2013
...stern Anbar province bordering Syria. Bahrain has beefed up arms purchases since mass protests by its marginalized Shi’a majority were suppressed with the help of its GCC neighbors in 2011.Oman’s military spending fell 27% in 2013, although this comes on the back of a more than doubling in spending be...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
Iraq’s Management of its Natural Gas Potential - INES Revisited
...veloping the country’s own natural gas potential had been effectively halted. Even now, in 2014, utilization of Iraq’s natural gas, excluding Kurdistan, is around the same as it was in 2003. Since 2011 two contracts costing Iraq around $720mn have been signed to build two pipelines to import around 1.6bn cf...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
EU Crude Oil & Condensate Imports, 2013
...12 2011 ‘000 b/d $mn $/B CIF % Total Rank ‘00...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
Benchmark Crude Prices ($/B)
...13 2012 2011 WTI 103.76 102.75 100.47 100.48 100.68 98.56 97.54 98...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
Qatar Searches For New Gas As North Field Moratorium Set To Continue
...rmation, blocking gas flow. Recent development phases at South Pars have seen a dry hole and salt-water infiltration (MEES, 12 December 2011). IOCS Digging Deeper Despite the North Field moratorium, Qatar hopes to expand gas production further in a bid to meet the feedstock demands of its ambitious do...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Focus Turns Back To Oil In Southern Sudanese Conflict
...s producing in January 2012, before it shut down the entirety of its crude oil production due to the dispute with Sudan over oil transit fees. The economic futures of South Sudan and its northern neighbor have remained inextricably linked despite their July 2011 break up – especially their oil in...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Qatar Starts Work On Second Ras Laffan Condensate Refinery
...0 2011 Total current products output capacity 457 End-2016 Capacity 603 At Ras Laffan Except *Mesaieed. ^2001 For Cond Splitter. Ras Laffan 2 Products Ou...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
OPEC Output Slides In March On Iraqi, African Outages
...bruary (see table). This is the largest monthly fall since March 2011, when the civil war knocked 1.1mn b/d off Libyan output. The March fall tallies with the latest data from London-based tanker tracker Oil Movements, which put OPEC sailings at around 23.8mn b/d for the four weeks ending 22 March, a ma...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Total Reorganizes E&P Operations, Merges Mideast And North Africa
...0,000 b/d. The company has submitted bids for either a 5% or 10% stake in a new concession, but no decision is expected from current operator ADNOC before early 2015. Total, which has targeted production growth of 3% between 2011 and 2015, assuming an average oil price of $100/B for benchmark grade Br...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Iran Braces For 20-30% Utility Price Hikes
...ify the system eventually failed. IMF: Challenges Ahead The IMF, in its first overview of the Iranian economy since late 2011, says Iran’s near term economic outlook remains subject to downside risks. Progress of recent decades in raising income and living standards stalled as both domestic po...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Turkey: A Hub In The EU’s Future Gas Supply Architecture?
...ason, Azerbaijan sped up the process and rapidly conceptualized the TANAP project to carry future Shah Deniz Phase II gas to Turkey. In December 2011 Azerbaijan and Turkey signed an MOU to establish a consortium to build and operate the pipeline. This initial step was followed by a binding in...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Benchmark Crude Prices ($/B)
...13 2012 2011 WTI 103.40 100.47 100.40 100.48 100.68 98.56 97.54 98...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Libyan Federalists Offer Fresh Hope Over Eastern Oil Exports
...st, putting the government under additional pressure. Production, which by last July had recovered to around 1.4mn b/d after a near complete outage during the 2011 revolution, now languishes at just 150,000 b/d. Federalist militia control the Es Sider, Ras Lanuf and Zueitina terminals, which ha...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
International Gas Union Sees Changing LNG Market After 2014
...T/Y, %) Qatar King, But Not For Long Supply will grow only marginally in 2014, though the two or three projects that IGU expects online this year represent the first significant boost in liquefaction capacity since 2011. Major boosts to global liquefaction capacity will come online in 2015, when new Au...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
KBR Wins Jebel Ali Splitters Upgrade FEED
...ntract, capacities of the new units or the project schedule. It recently said its refinery throughput was 28% higher in 2013 than in 2011, while revenues increased by 50% and profits by 39%. Yet losses on fuel sales within Dubai, because of subsidies, are forcing the company to seek better returns el...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Alstom Bags Eni Zubair Power Contract
...ant as well as supplying the four gas turbines. The company says the project is similar to one received in 2011 for a 728MW gas-fired plant in Mansuriya oil field, under development by private firm Kuwait Energy. Alstom has also rehabilitated an existing power plant at Zubair, raising capacity by 60MW to...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Saudi Arabia Keeping Politics Out Of The Mix
...pense of falling imports of Mexican crude, which slumped in 2013 to 919,000 b/d from 1.2mn b/d in 2011, and from Venezuela, whose exports to the US fell to 797,000 b/d last year from 960,000 b/d in 2012. Canada remains the single largest exporter of crude oil south of its border and its share of the US...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Qatar Announces Record Budget But Curbs Expenditure Growth
...up by more than 20%, in preparation for the hosting of the 2022 World Cup. The new budget, which began on 1 April, is expected to carry on with the implementation of programs and strategic development projects envisaged in Qatar’s national strategy for 2011-16, and the realization of the ob...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014