Algeria Oil and Gas Report Q1 2013
By Business Monitor International
BMI View: Changes to the
fiscal regime for international companies operating in the Algerian
upstreamsector may help attract new names and increased investment. With
shale gas potential deemed to beconsiderable, the authorities seem
prepared to com
Oman Oil and Gas Report Q1 2013
By Business Monitor International
BMI View: Oman has reason for
optimism about its oil and gas sector''s prospects in 2013. Its
experimentin full-scale enhanced oil recovery (EOR) projects has
delivered clear results, with crude productionreviving to levels not
seen in 10 years. Amb
Sudan and South Sudan Oil and Gas Report Q1 2013
By Business Monitor International
BMI View: The restart of oil
production from Sudan''s oil fields is a positive development, though
wehighlight that damaged fields, infrastructure, and technical
challenges pose downside risks to the neartermrecovery of volumes. While
we expect prod
United Arab Emirates Oil and Gas Report Q1 2013
By Business Monitor International
BMI View: The UAE continues
to take advantage of reduced Iranian volumes to sustain relatively
highcrude output of around 2.7mn b/d. Including condensates and NGLs, we
estimate oil production in 2012averaged 3.0mn b/d. On the back of
efforts to inc
South Korea Oil and Gas Report Q1 2013
By Business Monitor International
BMI View: While there are new
efforts to stimulate upstream oil and gas activity and improve
energyself-sufficiency, there is little to suggest that South Korea can
develop significant resources, meaning thecountry is set to remain a key
importer o
Russia Oil and Gas Report Q1 2013
By Business Monitor International
BMI View: A high level of
investment will be required to maintain Russian oil output at close to
recentrecord levels, putting pressure on the domestic industry and
hindering global expansion. Gazprom facessimilar challenges in
developing sufficient
Chile Oil and Gas Report Q1 2013
By Business Monitor International
BMI View: Chile''s small
resource base makes the country heavily dependent upon imports to
satisfydemand and promote economic growth. Indeed, Chile in 2011 had to
import 97% of total oil needs and66% of its natural gas requirement.
These issues will
Ghana Oil and Gas Report Q1 2013
By Business Monitor International
BMI View: Despite output
problems, the outlook for Ghana''s nascent status as an oil producer is
bright,with further development at the Jubilee field and anticipated
first oil from the T.E.N. project underlyingour forecast for output to
grow at an a
Libya Oil and Gas Report Q1 2013
By Business Monitor International
BMI View: Oil and gas
production is expected to have bounced back strongly in 2012, despite
theobvious political risks associated with Libya''s transition to a new
democratic government. Over thelonger term, both oil and gas volumes are
likely to in
South Africa Oil and Gas Report Q1 2013
By Business Monitor International
BMI View: Rumours abound that
the traditional refinery operators in South Africa could abandon the
countryin the face of huge investment in capacity to meet higher fuel
specifications. Plans by the country to build alarge new refinery are
also caus
Iraq Oil and Gas Report Q1 2013
By Business Monitor International
BMI View: Although Iraq is
set to lead the Middle East the region oil production growth in the
MiddleEast region, a number of above ground risks and uncertainty
related to projects in the pipeline results inwidely varied forecasts
over the next dec
Italy Oil and Gas Report Q1 2013
By Business Monitor International
BMI View: Aside from the
country''s well-publicised economic woes, Italy is at a crossroads in
terms ofenergy market development. The public has rejected state efforts
to revive its nuclear strategy, leaving theway clear for gas volumes to
rise stea
Poland Oil and Gas Report Q1 2013
By Business Monitor International
BMI View: Strong government
support and industry interest in developing a nascent shale gas
industryin Poland leaves BMI cautiously optimistic with regard to the
country''s gas production outlook. Weexpected modest volumes of shale
gas to be commerc
Belgium Oil and Gas Report Q1 2013
By Business Monitor International
BMI View: Subdued oil demand
growth means the prospects for refiners and fuels distributors are
poor,with many already facing strong competition. The purchase and
reopening of Petroplus'' Antwerp plantshould reduce downstream
uncertainty. The gas ma
Greece Oil and Gas Report Q1 2013
By Business Monitor International
BMI View: Energy policy is
gaining ground on the agenda in terms of the new Greek
government''spolitical priorities, in view of growing awareness of the
importance of possible prospective resources,although energy
privatisation is a greater immediat
Germany Oil and Gas Report Q1 2013
By Business Monitor International
BMI View: For a country keen
to wean itself off of fossil fuels, the decision to phase out nuclear
energyrepresents a fresh and unwelcome challenge. Gas consumption seems
certain to grow more quickly asdemand for power rises - until the energy
void
Angola Oil and Gas Report Q1 2013
By Business Monitor International
BMI View: In spite of
repeated delays in project development, several productions sites are
expected to comeon-stream in the next few years offering large prospect
for the oil and gas production to rise substantially inthe coming
decade. This is th
Canada Oil and Gas Report Q1 2013
By Business Monitor International
BMI View: Production from oil
sands will continue to drive Canada''s oil production growth in the
short term,although we note that liquid-rich shales could be the new
engine of crude output. Exploration in the country''soffshore acreage
and unconvent
Israel Oil and Gas Report Q1 2013
By Business Monitor International
BMI View: The long-term
outlook for Israel''s energy sector is increasingly positive, as some of
thecountry''s major gas discoveries move closer to development.
However, Israel must cope with anincreasingly adverse political climate,
with short-term
Slovakia Oil and Gas Report Q1 2013
By Business Monitor International
BMI View: As a net importer
of energy, Slovakia faces the challenge of securing long-term gas
supplieswithout becoming too dependent on Russia. Linking its gas
network to others in the region is therefore apriority, as it will allow
for more flexib
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