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Iran Gas Supply Deal Back On For Gas-Hungry Oman
...rrently imports around 2bcm of natural gas from Qatar per year via the Dolphin pipeline; with no prospect of more given Qatar’s reluctant to end its current moratorium on further gas field development. Breakdown Over Price Iran and Oman came very close to reaching a gas agreement in 2011, ME...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
Cyprus Completes Vasilikos Rebuild After 2011 Blast
...CYPRUS Cyprus Completes Vasilikos Rebuild After 2011 Blast The Electricity Authority of Cyprus (EAC) has completed repairs to the Vasilikos power station two years after it was badly damaged by a blast at an adjacent military site. An explosion of munitions stored at the Ma...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
Japan Ups Imports Of Iranian Crude Ahead of US Waiver Review
...nths to appease the US, and better its chances next month of gaining a further extension of a previous waiver granted to it by Washington earlier this year. Washington in December 2011 passed a law cutting off access to the US financial system for foreign financial institutions involved in oi...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
MEES Profile: Qatar’s Overseas Investment Strategy
...vestment In parallel with, but apart from, QP’s overseas purchases, QIA had been buying energy assets, starting in 2011 – with stakes in European utility firms Energias de Portugal and Spanish electricity supplier Iberdrola. In 2012, it bought 3% stakes in Total and Shell and remains in talks to boost its Sh...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
Iran’s New CBI Governor Starts With Tackling Inflation
...th the Mehr Housing Project, started by former president Ahmadinejad. According to Economic Trends of the CBI, liquidity in the Iranian year 1390 (March 2011-March 2012) grew by 19.4% and in the first quarter of 1391 (March-June 2012) by 5.5%. Mr Tayyib Nia also noted that bu...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
Jordan: 1H13 Deficit Down
...17.32bn ($24.42bn) by the end of June 2013, 4.2% up on the end of 2012. This total public debt represents 72.2% of estimated GDP in 2013. Gas Crisis Jordan’s budget deficit has widened in the aftermath of the 2011 Egyptian revolution which saw regular disruptions of the flow of cheap gas im...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
The Policy Vacuum Of Iraqi Gas Pricing
...bair. South Oil Company (51%), Shell (44%) Mitsubishi (5%) 25-year service contract awarded by the MoO through 2011 direct negotiation. Under d’ment. Expected 2-3bn cfd plateau for power gen. and F-LNG Block-8 Gas Ex...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
Benchmark Crude Prices
...12 2011 WTI 108.8 105.5 106.92 104.47 95.79 94.17 94.42 94.18 95...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
Saudi Arabia Stems Domestic Oil Demand Growth
...amco said in its annual review for 2012 that it provided 3.924 tcf of raw gas to gas plants, an increase of 8.3% over 2011 and the single largest rise in its history, as the kingdom’s first non-associated Karan gas field entered into production. More significant for gas will be the start-up...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Qatar Faces Challenging, Rapidly Changing, LNG Market
...ves away from oil-price indexing. Japan’s nuclear crisis took another turn on Tuesday when utility firm TEPCO, which operates the Fukushima nuclear plant, admitted that a storage tank was leaking radioactive water, contaminated when an earthquake and tsunami damaged the plant in early 2011. Ja...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
DNO Gets Q2 Tawke Tonic
...nnows such as the UAE’s New Age, to large independents like Marathon, Hess and Maersk to majors of the ilk of ExxonMobil, Chevron and Total. Despite the Q2 uptick, KRG and Baghdad’s oil dispute continues to keep production shut in at Tawke and other KRG oil investors. Not since early 2011, and th...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
SEC Head Resigns, Replacement To Come From Aramco
...ES, 9 August). He told a conference in 2011 that Aramco was looking to achieve generating efficiency as high as 75% (MEES, 23 May 2011), which compares with 61% for the most efficient CCGT technology today....
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Bahrain GDP To Hit 5.6%
...BAHRAIN Bahrain GDP To Hit 5.6% Bahrain’s real GDP growth is projected to rise to 5.6% in 2013 from 3.4% in 2012 and 1.9% in 2011, according to the the Bahrain Economic Development Board in its 2013 Year Book released this week. The 2013 GDP increase will be la...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Arabs To Offset Loss Of Western Aid To Egypt
...timated, by economics professor Fakhri al-Fiqqi, that Egypt has received a total of $26bn in aid since the revolution of 25 January 2011 - $14bn before 30 June 2013; and $12bn after. Around 900 people are said to have died after Egyptian security sources on 14 August assaulted the supporters of de...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Assessment Of Iraq’s Nasiriya Integrated Project Contract
...eferred then but the negotiations broke down. Accordingly, it was announced that the field will be developed through national efforts. However, in January 2011 the MoO formally announced plans to invite IOCs to develop the Nasiriya oilfield together with a refinery of 300,000 b/d in a bid round la...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Benchmark Crude Prices ($/B)
...12 2011 WTI 105.03 106.92 105.12 104.47 95.79 94.17 94.42 94.18 95...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Competition Heats Up Over 2.8Mn B/D West Qurna-1
...2011. Baghdad then warned the US firm had to choose between its investment in federal Iraq and the KRG. Exxon’s KRG investment exacerbated already tense Iraqi political relations, catalyzing Washington to engage closer with Iraqi energy matters (MEES, 1 March). However, as yet Baghdad ha...
Volume: 56Issue: 33Published at Fri, 16 Aug 2013 -
Former Algerian Minister Latest Casualty In Widening Oil Corruption Scandal
...nventional oil and gas fields after yet another dismal international auction in 2011, when only two of 10 blocks were awarded, one of which to Sonatrach. But Mr Yousfi, who took over in the midst of the Sonatrach scandal, has had to cope with the fallout that ensued, including senior staff changes wi...
Volume: 56Issue: 33Published at Fri, 16 Aug 2013 -
OPEC Transportation By Numbers
...mbers and Dead Weight (dwt ‘000 t) 2008 2009 2010 2011 20...
Volume: 56Issue: 33Published at Fri, 16 Aug 2013 -
Qatar Nears Full GTL Output, Eyes Competitors’ Projects
...ntribution” to growth. The plant sold its first product shipment in June 2011. South Africa’s petrochemical producer Sasol has also boosted output and plans a further increase at its 32,400 b/d Oryx project, Qatar’s other GTL plant – QP (51%) and Sasol (49%). It may have finally reached full stable ou...
Volume: 56Issue: 33Published at Fri, 16 Aug 2013