- Sort by:
- Score
- Published ▼
-
Iran: The Subsidy Dilemma
...rmits a 38% rise in order to deal with the deficits. Leaning towards the second choice, the Majlis on 23 October voted in principle to eliminate the top 30% of subsidy recipients at the start of the 2014-15 Persian year (in March 2014). The law gives the government three months to identify 23mn well-to...
Volume: 56Issue: 51/52Published at Fri, 20 Dec 2013 -
The MENA Power Sector: Prospects And Challenges
...ticle concentrates on these challenges. Challenge #1: Electricity Demand Growth MENA power demand is growing at 6-8 % annually. Growth has been at such rates for decades and this is likely to continue. Regional development bank APICORP expects capacity to increase at 8.4% annually over 2014-18 (ME...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
China Consolidates Its Position In The Iraqi Oil Sector
....33%. Production from the field is expected to average 1.45mn b/d in 2013, rising to 1.55mn b/d in 2014. The production plateau in the Rumaila contract is 2.85mn b/d sustainable for seven years. BP and CNPC have proposed three lower plateaus and longer periods, but negotiations have been in...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
Gulf Producers Face Increased Competition In Asia Condensate Markets
...e gap. East of Suez Segregated Condensate Supply Outlook - Base Case (MN B/D) 2012 2013 2014 2015 2016 2017 2018 20...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
Iraqi Deputy Prime Minister Warns On KRG Exports
...rket for our additional crude production…. (SOMO Director Falah al-‘Amri said Indian requirements for 2014 are likely to be more than the current 400,000 b/d, because some companies have requested more, but the exact volume is not known.) Q: What about long-term deals? A: Iraq normally ma...
Volume: 56Issue: 42Published at Fri, 18 Oct 2013 -
The US Shale Revolution, Part 3: Overcoming The Obstacles
...oice for power generation, the EIA projects in its May 2013 Short-Term Energy Outlook that “year-over-year increases in natural gas prices [will] contribute to declines in natural gas used for electric power generation from 25bn cfd in 2012 to 22.8bn cfd in 2013 and 22.2bn cfd in 2014.” Low we...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Libya And Iraq: The Weakest Links In World Oil Markets
...edict that at most about 150,000 b/d of new field additions will come online by the end of this year, with the risk that Majnoon also slips into 2014. Maintenance Exposes Infrastructure Failings Of course, a discussion of Iraq must include a mention of its infrastructure – the key co...
Volume: 56Issue: 36Published at Fri, 06 Sep 2013 -
Will OPEC Or The US Be The World’s Marginal Crude Supplier?
...oduction over the next several years is substantial, rising by an average of 1.2mn b/d over the period 2014-18. The spoiler is demand growth. With the OECD showing signs of long term decline, and non-OECD demand relying heavily on uncertain Chinese growth, even if demand gets a lift from lower oi...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013 -
Iraq’s Integrated National Energy Strategy: Summary And Key Recommendations
...cessarily uncertain, and a range of production profiles therefore has been considered for planning purposes. Iraq’s primary upstream strategic objective now is to ensure that the development of these fields proceeds expeditiously, aiming for production by the end of 2014 at a rate between the me...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
MENA Power Sector: Catching Up… But Far From There Yet
...owth of 8.4% for the period 2014-18. Such a growth would likely be higher if derived from the ratio of capacity growth to GDP growth of 2 noted earlier. Conversely, capacity growth would surely be lower if demand-side management (DSM) was adopted more decisively and electricity tariff subsidies phased ou...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
International Oil Market Developments
...t seen for three decades. Nobody speaks now of peak production. • The continued increase in global demand from emerging countries, and its continued decline in the industrialized OECD countries. In 2014, the consumption of industrialized countries will, for the first time in the history of...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Cyprus Bail-Out Terms Signal Huge Policy Shift For Eurozone Bank Resolution
...idelines set in Frankfurt. The Eurogroup hopes that the SSM will begin operations in 2014. Furthermore, transactions - account opening and money transfers - will in future be subject to much greater scrutiny, removing one of the competitive advantages which Cyprus held over most Eurozone countries, where su...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Iran’s Economy Facing a Challenging Year
...deed seem to indicate that the new Persian year (March 2013-March 2014) is likely to witness—apart from unforeseen political crises related to the June 2013 presidential election or other events - a combination of anemic growth, double-digit inflation, near record unemployment, multiple exchange ra...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013 -
Algerian Gas Faces Three Challenges
...e Galsi pipeline which was due to be built to carry gas directly to north western Italy is on hold – it was planned to be operational in 2014 but its financing is not yet decided. The decline in European need for more gas and the ample room for more throughput in the two pipelines which carry Al...
Volume: 56Issue: 09Published at Fri, 01 Mar 2013 -
Challenges for Libya’s upstream sector
...verse impact on the country’s production profile. Upcoming Projects In Libya Company Date Field, Location ‘000 B/D Eni 2014...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013