1. Why The Middle East Will Lead The World In Developing Sustainable Energy

    ...nkings*   Country 2012 Rank 2011 Rank 2010 Rank Qatar 41 48 38 UA...

    Volume: 55
    Issue: 52
    Published at Fri, 21 Dec 2012
  2. Iran’s Subsidy Reform: RIP

    ...ants to individual consumers on the basis of need was found impractical, and everyone in a family was given the same amount of cash (MEES, 20 June 2011).         Unhappy about the government’s undue haste in raising prices much faster than provided for in the law, dissatisfied with uniform mo...

    Volume: 55
    Issue: 51
    Published at Fri, 14 Dec 2012
  3. IIF Projects 3.5% Drop In Iran’s GDP In 2012

    ...IRAN   IIF Projects 3.5% Drop In Iran’s GDP In 2012   Iran’s GDP in 2012 is expected to shrink by 3.5% from a positive growth of 1.2% in 2011, the Washington-based Institute of International Finance (IIF) has said in a report on the MENA region. The IIF noted that we...

    Volume: 55
    Issue: 51
    Published at Fri, 14 Dec 2012
  4. Electric Vehicles On Their Way To Mainstream Use?

    ...chnology/china-to-boost-electric-car-industry_55452.html “Energy Dept Says US on Track for 1M Electric Cars by 2015,” Apr 14, 2011, reuters.com, available at http://www.reuters.com/article/2011/04/14/idUS89057392520110414 “Battle of the Batteries: Comparing Electric Car Range, Charge Ti...

    Volume: 55
    Issue: 48
    Published at Fri, 23 Nov 2012
  5. Sanctions Raise Questions About Iran’s Export Capacity

    ...d by 2015.   According to the BP Statistical Review of the World Energy (June 2012), Iran consumed 153.3 bcm of natural gas in 2011, while its production was 151.8 bcm, meaning that at the moment it has no extra capacity for export. Nonetheless, it has continued to try to implement its ag...

    Volume: 55
    Issue: 46
    Published at Fri, 09 Nov 2012
  6. Strait of Hormuz: Alternate Oil Routes Not Enough

    ...crude oil and oil products that transited through the Strait in 2011 was close to 17mn b/d, accounting for 31% of global oil trade. Much less sizable, but equally important proportionally, LNG volumes amounted to the oil equivalent of 2mn b/d representing 33% of world LNG trade.   As far as...

    Volume: 55
    Issue: 44
    Published at Fri, 26 Oct 2012
  7. The Coming Wave: Global Oil Price Volatility

    ...uctuations without engaging in actual delivery contracts. As may be seen in figure 2, the number of oil futures contracts rose to approximately 1.6mn by the end of 2011 from approximately 450,000 in 2000. This excludes the less-transparent over-the-counter (OTC) market, where there is other major oil trading ac...

    Volume: 55
    Issue: 43
    Published at Fri, 19 Oct 2012
  8. Saudi Arabia Battles To Cut Power Sector Fuel Consumption

    ...cording to the Kingdom’s Electricity and Cogeneration Regulatory Authority, between 2000 and 2009 gas consumption for power generation grew by 94% to reach 22.1mn cm/d. In 2010, crude oil continued to command the largest share, at 40% of fuel consumption. In 2011, this decreased by 3%, while the share of ga...

    Volume: 55
    Issue: 39
    Published at Fri, 21 Sep 2012
  9. Oil Price Slumps And OPEC’s Impossible Dilemma

    ...an idea that only four or five years ago would have been regarded as lunatic. The in-joke last year among oil market watchers was that North Dakota would be the next member of OPEC. In 2011, North Dakota produced more oil than OPEC’s Ecuador!    Thus the dilemma is simple. OPEC co...

    Volume: 55
    Issue: 38
    Published at Fri, 14 Sep 2012
  10. Russia Consolidates Its Position In Iraq Upstream Petroleum

    ...rmed a new consortium with KMG in October 2010, leading to winning 'Akkaz gas field with a remuneration fee of $5.50/boe. And after the withdrawal of KMG due to the delay in concluding the contract, Kogas took full control of the deal on its own in June 2011.   So, for the PetroVietnam/Premier Oi...

    Volume: 55
    Issue: 35
    Published at Mon, 27 Aug 2012
  11. Hisham Khatib: Letter To The Editor

    ...two elements. The numerator is the algebraic sum of government expenditures, minus non-hydrocarbon…. In Figure 3 ‘Total hydrocarbon demand’ should read ‘Total hydrocarbon domestic demand’. Also in Table 1 (2011 WOO) should read (2011 WEO).   Sincerely,   Dr Hisham Khatib Gl...

    Volume: 55
    Issue: 34
    Published at Mon, 20 Aug 2012
  12. Fiscal Break-Even Prices Revisited: What More Could They Tell Us About OPEC Policy Intent?

    ...vernments’ fiscal take, discount factor and long term population dynamics. They are calibrated as summarized in Table 1 and briefly expounded upon below.   Table 1: Basic Assumptions For OPEC Revenue Simulations Reference Date: 2011 Assumptions Re...

    Volume: 55
    Issue: 33
    Published at Mon, 13 Aug 2012
  13. Iran: The Rial Saga

    ...e rial, has been added to the Islamic Republic’s other thorny and protracted economic woes. After nearly a decade of relative stability in both the official and free market, the rial experienced a precipitous plunge in late December 2011, and subsequently lost nearly half of its value within a short ti...

    Volume: 55
    Issue: 32
    Published at Mon, 06 Aug 2012
  14. Global Trends In Renewable Energy Investment: A Review Of The Frankfurt School-UNEP Report And Discussion Of The MENA Case

    ...vestment.   The central finding of the report is that in 2011, global new investment in renewable power and fuels (solar, wind, modern biomass, waste-to-energy, biofuels, small hydro, geothermal and marine) increased by 17% to reach an all-time high of $257bn. This was more than six times the amount achieved in...

    Volume: 55
    Issue: 30
    Published at Mon, 23 Jul 2012
  15. Energy Perspectives From The GCC

    ...ntinue rising, especially within non-OECD countries.   World Energy Consumption 1990-2035 (Quadrillion BTU)       Source: EIA, International Energy Outlook, September 2011.   The GCC national oil companies (NOCs) have developed their oil fields but have often neglected, un...

    Volume: 55
    Issue: 29
    Published at Mon, 16 Jul 2012
  16. Is The Anticipated Rise In Long Term Oil Price Inevitable?

    ...rld Energy Outlook 2011. 2.       J Benes et al, ‘The Future of Oil: Geology versus Technology’, IMF, WP/12/109, May 2012. 3.       J Currie et al, ‘Commodity Prices and Volatility: Old Answers to New Questions’, Goldman Sachs, Global Economics Paper No. 194, 30 March 20...

    Volume: 55
    Issue: 28
    Published at Mon, 09 Jul 2012
  17. Greece And The Eurozone: Options And Challenges

    ...n Greek Competitiveness,’ (http://krugman.blogs.nytimes.com/2012/06/17/long-run-greek-competitiveness/). 2. S Hammoudeh, ‘What Should a European Country Do Before Exiting the Eurozone?’, (MEES, 14  November 2011)....

    Volume: 55
    Issue: 27
    Published at Mon, 02 Jul 2012
  18. US Energy Strategy At A Glance

    ...dependence from imported foreign oil, considered a US energy policy priority, may not happen any time soon. President Obama’s own projection is a one-third reduction in crude oil imports by 2025 (Washington Post, 30 March 2011). However, due to energy savings and increases in domestic production, most in...

    Volume: 55
    Issue: 26
    Published at Mon, 25 Jun 2012
  19. Iraq’s Fourth Bid Round: Assessment Of The Outcome

    ...e implications are obvious: the Ministry of Oil has to give the priority to gas-prone blocks in its exploration program under its current plan for 2011-14.   IOC Participation IOC participation provided few indicators. Japanese firms registered the highest participation with nine co...

    Volume: 55
    Issue: 25
    Published at Mon, 18 Jun 2012
  20. Anatomy Of Iraq’s Exploration Auction – Bid Round 4

    ...aqi Ministry of Oil concluded a two-day hydrocarbon exploration auction during 30-31 May 2012. Expectations following the road show in 'Amman on 11 September 2011 were that only a few companies out of the 39 (47 prequalified) that paid to bid were intending to do so. Several reasons prevented the bi...

    Volume: 55
    Issue: 24
    Published at Mon, 11 Jun 2012