VENEZUELA - The Energy Base Of Venezuela.
Energy consumption in Venezuela has risen from 39m tons of oil
equivalent in 1988 to 71.32m t/yoe in 2006. In 2007, with the economy
doing well thanks to high world oil prices since early 2003, . . .
SUDAN - Khartoum-Beijing Relations.
Chinese President Hu Jintao visited in Sudan in February 2007. It
was then announced that Hu had unique influence because China was buying
60% of Sudan's crude oil output, building projects such as . . .
SUDAN - Exports.
The real figures of Sudan's current crude oil and products
exports is a mystery as the Khartoum government is not transparent on
this matter. The mystery stems from the fact that many of the . . .
SUDAN - Controversy - E&P Background.
Exploration and development of Sudan's oil resources has been
controversial. International human rights organisations have accused the
Sudanese government of financing human rights abuses with oil . . .
SUDAN - Block 6.
In November 2004, CNPC brought online its Fula field on Block 6 at
the initial rate of 10,000 b/d. Current output capacity on the block is
40,000 b/d, but is expected to eventually reach 80,000 . . .
SUDAN - Block 5-A.
In April 2005, the Sudanese government signed an agreement with
Western Nile Petroleum Operating Co. (WNPOC) for development of the Thar
Jath and Mala oilfields on Block 5-A. First oil from the . . .
SUDAN - Blocks 3/7 Of Petrodar.
In June 2004, Petrodar, a consortium of CNPC (41%), Petronas (40%),
Sudapet (8%), Gulf Oil Petroleum (6%), and the al-Thani Corp (5%)
awarded a $239m contract to Ranhill International of Malaysia . . .
SUDAN - The Oil Sector.
Sudan's oil production was only able to reach significant
levels after completion of the first crude oil export pipeline from
central Sudan to the Red Sea coast in 1999. Exploration began in . . .
SUDAN - Darfur Rebel Group Attacks The Main Oil Group - The
Background.
Since it was discovered in 1979, crude oil has been a growing
factor in politics and governance in Sudan. When production first came
on stream in 1999, it revived the government's ability to wage . . .
SAUDI ARABIA - Khaled A. Al-Faleh & New Saudi Aramco
Team.
Faleh in August was promoted as Saudi Aramco's new operations
chief. Widely expected to succeed Jum'ah as president/CEO of the
company, Faleh later made a series of management changes to build a . . .
SAUDI ARABIA - New Saudi Aramco Board.
King Abdullah on July 31, 2007, issued a decree reconstituting
Saudi Aramco's board of directors for a period of three years
beginning on Sept. 27, with Minister Na'imi retained as its
chairman. . . .
SAUDI ARABIA - Abdullah Saleh Al-Jum'ah.
Two days after Na'imi became oil minister, on Aug. 4, 1995,
Jum'ah was made acting president and CEO of Saudi Aramco to succeed
him. Jum'ah's position as chief executive of the company . . .
SAUDI ARABIA - Sulaiman Jasser Al-Herbish.
Saudi Arabia's Governor in OPEC, Herbish has served as
assistant deputy oil minister for years under both Nazer and
Na'imi. Herbish was Saudi Arabia's candidate for the key post
of OPEC . . .
SAUDI ARABIA - Prince Abdul-Aziz Ibn Salman Ibn Abdul Aziz
Al-Saud.
One of the brightest sons of the powerful Emir of Riyadh, Prince
Abdul-Aziz is Na'imi's deputy in his capacity as
undersecretary for petroleum policy at the ministry, a post he was given
in . . .
SAUDI ARABIA - Saud Al-Faisal.
Born in 1942, Foreign Minister Prince Saud is also among key
decision makers in matters relating to the petroleum sector, being a
member of the Supreme Council (see Gas Market Trends). To boost . . .
SAUDI ARABIA - Nayef Ibn Abdul-Aziz.
Interior Minister for many years, Prince Nayef controls the
security sector and the border guard. He is the third most powerful man
in Saudi Arabia. Being in charge of the emirs (governors) of . . .
SAUDI ARABIA - The SABIC Perspective.
SABIC is to raise its petrochemicals production capacity from 43m
t/y in 2005 to 64m t/y by 2008, through expansion of its current plants
and new ventures. SABIC's CEO Muhammad al-Mady is . . .
SAUDI ARABIA - Saudi Aramco-Petrobras JV.
Saudi Aramco and Petrobras are launching a downstream JV to tackle
technological issues around heavy crude oil and olefin production. About
half of Petrobras' 13 bn barrel reserves are derived from . . .
SAUDI ARABIA - Risks.
The Gulf's product diversification may come as the market
contracts. Data suggest there will be a surplus of over 3m t/y PE and 4m
t/y of PP from 2008. Demand growth for ethylene will decrease from . . .
SAUDI ARABIA - Profit.(Financial report)
Helped by soaring demand and the region's advantage in low
feedstock cost, Gulf petrochemical firms' profits have been
exceptional. In 2006, base chemical producer Qatar Petrochemical Co.
(QAPCO) . . .
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