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OPEC At 60: Much Achieved, More Still To Come
...not an exhaustive list, but underscores some of what has been accomplished through cooperation over the decades. The most recent demonstration has been through the Declaration of Cooperation (DoC) that helped restore balance, stability and confidence to the oil market in 2017-19, following the do...
Volume: 63Issue: 38Published at Fri, 18 Sep 2020 -
Dubai’s Coal Push Upends Abu Dhabi’s Clean Energy Strategy
...January 2017). This plan is probably unrealistic, but it signals aspirations for a major change in energy policy. Examined closely, the changes suggest a fragmentation in energy policy. The UAE is simultaneously pursuing incompatible choices in clean and dirty power. Why? Some of the ch...
Volume: 63Issue: 35Published at Fri, 28 Aug 2020 -
Aramco Putting The Customer First With Asia Crude Pricing Change
...July 2017, the ICE Brent settlement price replaced the BWAVE. All these changes were made with the intent of providing a more reliable, relevant, transparent and liquid crude marker that best serves the interests of Saudi Aramco and our customers. In some cases, as with the decision to replace WT...
Volume: 61Issue: 38Published at Fri, 21 Sep 2018 -
Life After Oil: How Can Gulf Countries Localize Jobs & Broaden Their Economies?
...rakah is scheduled to be completed in 2017; the other three for 2020. The need has never been greater for Gulf countries to lessen dependence on oil. With the decline in crude prices over the last two years, GCC countries are experiencing deficits and unemployment for the first time in decades. This ha...
Volume: 60Issue: 12Published at Fri, 24 Mar 2017 -
Oil Markets: A Turn Away from Trade?
...ternational oil trade, which has made petroleum the model of a highly functional global market. The 2015 lifting of the US ban on crude oil exports may go down in history as the capstone of the era of global oil trade (MEES, 23 December 2016). As we sit here in 2017, two developments threaten that mo...
Volume: 60Issue: 06Published at Fri, 10 Feb 2017 -
Saudi ‘Dumping’ Has Cannibalized Opec Revenue For Minor Long-Term Gains
...ve a right answer, we have to consider the majors’ longer term capex plans; because in the long term oil companies will do their best to adjust themselves to the new conditions and continue to make profits and satisfy shareholders. Comparing majors’ capex for 2014 and 2017 shows that though th...
Volume: 59Issue: 07Published at Fri, 19 Feb 2016 -
Iran’s Oil Production Boost Scenarios In A Post-Sanctions Era
...the south using EOR/IOR operations. 2 - Produce new resources of crude oil from heavy oilfields located west of the Karun River, otherwise known as the ‘West Karun’ oilfields (North and South Azadegan, Yadavaran, Jofayr, Sohrab, Susangerd, Yaran). NIOC announced that by 2017-18 its oil pr...
Volume: 58Issue: 27Published at Fri, 03 Jul 2015 -
OPEC Faces $750bn Losses From Market Share Strategy
...stained Price Defense Strategy Market Share Strategy 2015 2016 2017 2018 2019 2020 20...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
The Future Saudi Role In Global Oil Markets
...pply Outlook In Opec Reference Case (Mn B/D) 2013 2014 2015 2016 2017 2018 World Oil De...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
Palestinian Natural Gas Ambitions
...viathan field coming onstream in either late 2016 or early 2017. The distribution system in the Gaza Strip is even more in need of investment. In 2007, the World Bank estimated losses during distribution to be around 25%. An equivalent figure for Jordan was half this and for Israel it was ar...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Egypt Pledges To Pay $1bn To International Oil & Gas Firms
...stallments until 2017, it said then. End-2013 filings by IOCs indicate that Egypt was true to its word. BP lopped $700mn from its dues on a year-on-year basis (MEES, 7 March), whilst six smaller IOCs cut receivables by a total of almost $500mn in the fourth quarter alone. Such figures likely un...
Volume: 57Issue: 17Published at Fri, 25 Apr 2014 -
Turkey: A Hub In The EU’s Future Gas Supply Architecture?
...verning the export of KRG gas to Turkey. The deal calls for an initial 4 bcm/year of natural gas exports from 2017, rising to 10 bcm/year by 2020 and the option of increasing to 20 bcm/year thereafter. Considering the major amount of natural gas reserves being discovered in the KRG, gas exports from th...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
China Consolidates Its Position In The Iraqi Oil Sector
...conclusive. CNPC’s third success is Halfaya, where it is the operator with a 37.5% interest along with Total and Petronas (18.75% each). The field, with proven reserves of 4.94bn barrels, is expected to reach a plateau of 535,000 b/d in 2017 sustainable for 13 years. First phase development to a capacity of 10...
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
...neration capacity. So far we have signed contracts for 20GW and more are in the pipeline. All these will be gas fired. Although our production of associated gas will increase by 2017-18, we will be needing all our gas for our domestic power plants. Beyond that date, there will be some surplus available fo...
Volume: 56Issue: 42Published at Fri, 18 Oct 2013 -
Iraq’s National Energy Strategy: Oil And Gas Output, Diversification and Employment
...oduction capacity, and in all newly offered technical service deals in Iraq, contracted plateaus determine production capacity after 2017. Table 1: Iraqi Oil Production Scenarios (Mn B/D) INES IEA-Iraq NDP 20...
Volume: 56Issue: 32Published at Fri, 09 Aug 2013 -
Assessing The Impact Of US LNG Exports
...mand through 2016 is already under construction: thus current FID decisions apply to 2017 and beyond. Meanwhile, the surge which Qatar put on the market in 2008-10, when coupled with the recession and the collapse of the US LNG market created a large surplus with severe price competition. One effect of th...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
Where The Sun Shines
...els for power generation and an expected 26% demand increase by 2017 will reverse the trend. Political determination is required to fully tap into the region’s abundant solar resources. Under IHS’s moderate growth scenario, current political unrest and lack of policy will result in 23gw of added PV ca...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
Challenges for Libya’s upstream sector
...ock C-17, Mabruk) 20 RWE 2017 NC-193 & NC-195, Sirte 30 Waha 2017+ North Gialo, Si...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Implications Of The IEA’s Iraq Energy Outlook
...e Booz study the ‘High’ scenario of around 13.5mn b/d by 2017 is based on concluded contracts; while a ‘Medium’ scenario gives 9mn b/d 2020-21; and a ‘Low’ scenario suggests 6mn b/d by 2025. In a keynote speech delivered early October, Thamir Ghadhban, the Head of the Iraqi Prime Mi...
Volume: 55Issue: 49Published at Fri, 30 Nov 2012