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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 -
Oman’s Forecasts 85% Power Demand Rise To 2021; Gas Shortage A Worry
...18 (MEES, 27 March). OPWP is also assisting the Rural Areas Electricity Company (Raeco) with a 120MW IPP in Musandam for start-up in 2016. Oman completed a 220KV link to the GCC grid in the UAE in 2011, and officially joined the GGC Interconnection Authority (GCCIA) in December. OPWP says this li...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
US OUTPUT RISE TO CONTINUE TO 2020-EIA
...ice’ and the ‘High Oil and Gas Resource’ case the US becomes a net oil exporter after 2020. Opec countries have already seen their quantities drop, falling to 2.32mn b/d in January almost halving since reaching 4.58mn b/d in July 2011. Saudi Arabia, the largest Opec exporter of crude to the US, was hi...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
IMF Warns Qatar Of Budget Deficit
...dition, expenditure growth could be further restrained if energy subsidies are reduced. Qatar does not disclose details of allocation for energy subsidies, but the IMF has estimated them at 3.5% of GDP in 2011. It adds that water subsidies may also be sizable, “as water consumption rates and technical lo...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
After Iran’s Nuclear Deal, Economic Reforms Are A Must
...th exports and production to pre-sanctions levels in just a matter of months, once sanctions are lifted. Iranian oil exports have been running at an average of 1.2mn b/d over the past six months, down from just over 2.5mn b/d in 2011 – pre-sanctions. Iranian crude oil production meanwhile has av...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
Egypt’s Economy: Still A Long Road To Recovery
...3% in 2016. It expects general government debt to “decline gradually to less than 90% of GDP during 2015-16.” Debt peaked at 90.5% of GDP in 2013-14, according to IMF figures, up from 77% before the 2011 ‘Revolution’. Egypt is targeting a doubling of foreign direct investment (FDI) for the cu...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
SOUTH KOREAN 1Q15 CRUDE IMPORTS: SAUDI AND KUWAIT REMAIN TOP AS IRAQ MUSCLES INTO 3RD (‘000 B/D)
...14 1Q14 2014 2013 2012 2011 2010 Mar-15 Feb-15 Jan-15 MENA TOTAL 2,...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
QATAR’S TOP LNG CUSTOMERS (MN T/Y)... ...BY REGION (%): ASIA NOW TAKES OVER 70% 18 WITH EUROPEAN BUYING LITTLE OVER HALF 2011 LEVELS
...QATAR’S TOP LNG CUSTOMERS (MN T/Y)... ...BY REGION (%): ASIA NOW TAKES OVER 70% 18 WITH EUROPEAN BUYING LITTLE OVER HALF 2011 LEVELS...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
End Of The Road For Cyprus ‘Gas Hub’ Dreams
...und a population high on gas. Aphrodite gas to be precise. A month earlier, on 28 December 2011, US firm Noble Energy had announced that it had struck gas with the first ever well drilled offshore Cyprus, on Block 12. In something of a reversal of the normal procedure, the island’s politicians had al...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Sudan’s Oil Plans Set To Fall Victim To Reality
...st to former civil war foe South Sudan, when it broke away in 2011. On South Sudan’s secession in July 2011, Sudan conceded not only its crown as Africa’s biggest country, but also around three-quarters of its then 470,000 b/d oil production to the south – dealing a huge blow to its heavily oil-de...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Libya’s NOC Could Be Split By Baida Power Grab
...ARTUP IMMINENT The Eni-operated Bu Attifel fields on Blocks NC-100 and NC-125 in the far east of the Sirte Basin may be close to a resumption in output, according to a report in the local Libya Herald on 5 April. Prior to the 2011 unseating of Gaddafi, the field had capacity of 95,000 b/d, but this ha...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Majors’ 2014 Mena Output: Data Analysis
...10 2011 2012 2013 2014 Mideast Gulf* 478 567 548 545 381 of which: UA...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
OPEC Revenues Take A Beating-EIA
...10 2011 2012 2013 2014 14vs13 *2015 15vs14 Algeria 46 60 41 48...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Egypt: Apache Oil Output Rises As Gas Shortages Intensify
...TPUT 2009 2010 2011 2012 2013 2014 Gross: Oil (‘000 b/d) 162.0 189.3 217.2 21...
Volume: 58Issue: 14Published at Fri, 03 Apr 2015 -
Noble Piles Pressure On Israeli Authorities In Monopoly Case
...at “the regulatory environment in Israel has become increasingly challenging and uncertain. Laws, regulations and guidelines have been modified, sometimes with retroactive impacts and as a result the investment climate has become unpredictable.” In March 2011, the Israeli government implemented th...
Volume: 58Issue: 14Published at Fri, 03 Apr 2015 -
Tupras Sees $2.7Bn Izmit Upgrader Boosting Refining Margins
...sulfurization 25.2 Sulfur Recovery 440 T/D SOURCE: TUPRAS TUPRAS KEY INDICATORS (‘000 B/D) 2010 2011 2012 20...
Volume: 58Issue: 14Published at Fri, 03 Apr 2015 -
Iran And World Powers Strike Initial Nuke Deal But Oil Markets Unfazed
...3mn b/d since late 2011 (before sanctions came into effect) to average 1.18mn b/d so far this year. Iran may be technically able to deliver more oil to the market out of storage immediately should the sanctions be lifted, Mr Tchilinguirian says, but may choose to do so gradually for fear of depressing pr...
Volume: 58Issue: 14Published at Fri, 03 Apr 2015 -
US Petroleum Imports, Exports, Demand (‘000 B/D)
...14 3Q14 2014 2013 2012 2011 2010 CRUDE OIL IMPORTS 7,274 7,242 7,150 7,...
Volume: 58Issue: 14Published at Fri, 03 Apr 2015