Downstreamhttp://www.petroleum-economist.com/RSS.aspx?FeedID=2158©2016 Petroleum Economist60DownstreamMarket turmoil hits IS-captive IraqSpending constraints thanks to low oil prices and military expenditure are frustrating the federal government and the KRGhttp://www.petroleum-economist.com/Article/3528449/Market-turmoil-hits-IS-captive-Iraq.htmlWed, 10 Feb 2016 00:00:00 GMTSaudi Arabia and Iran square upCrisis between the two nations will result in prolonged tension in the Gulf, but a deliberate military conflict can be discountedhttp://www.petroleum-economist.com/Article/3528450/Saudi-Arabia-and-Iran-square-up.htmlWed, 10 Feb 2016 00:00:00 GMTUncertainties persist over African pipeline routeA pipeline to ship oil from Kenya and Uganda to Africa’s east coast has become essential, but agreements on the route are far from settledhttp://www.petroleum-economist.com/Article/3521940/Uncertainties-persist-over-African-pipeline-route.htmlTue, 19 Jan 2016 00:00:00 GMT"The US is now our competitor"Margaret McCuiag-Boyd has one of the toughest jobs in global oil - reviving Alberta's oil sector in the face of wilting prices and persistent opposition. In an exclusive interview, Shaun Polczer meets the province's energy ministerhttp://www.petroleum-economist.com/Article/3521703/The-US-is-now-our-competitor.htmlMon, 18 Jan 2016 00:00:00 GMTLibya on the brinkHopes for the UN's unity government are fading, IS is capitalising on the chaos, renewing its assault on energy infrastructure, and the drumbeat for Western intervention is getting louderhttp://www.petroleum-economist.com/Article/3519249/Libya-on-the-brink.htmlThu, 07 Jan 2016 00:00:00 GMTIraq’s expansion goals under pressure from lack of investmentAmbitious production expansion plans under threat as a lack of investment in southern Iraqi infrastructure disrupts progresshttp://www.petroleum-economist.com/Article/3513069/Iraqs-expansion-goals-under-pressure-from-lack-of-investment.htmlFri, 11 Dec 2015 00:00:00 GMTHopeful Kurdish oil battles challenges in IraqFinancial and political troubles are delaying the expansion of Kurdish Regional Government (KRG) oil productionhttp://www.petroleum-economist.com/Article/3513071/Hopeful-Kurdish-oil-battles-challenges-in-Iraq.htmlWed, 09 Dec 2015 00:00:00 GMTHovensa enters deal after filing for bankruptcyThe oil storage facility in the US Virgin Islands, a sought after site in the oil storage trade, could be back up and running soon after agreeing deal with Limetree Bay Holdings http://www.petroleum-economist.com/Article/3511364/Hovensa-enters-deal-after-filing-for-bankruptcy.htmlThu, 03 Dec 2015 00:00:00 GMTDivision in Libya slows production as east aims to capture oil exportsLibya’s Zueitina terminal has been shut again amid an effort by the east to wrest control of the country’s crude-export revenuehttp://www.petroleum-economist.com/Article/3507442/Division-in-Libya-slows-production-as-east-aims-to-capture-oil-exports.htmlWed, 18 Nov 2015 00:00:00 GMTObama calls of the Keystone XL projectAfter seven years, the Keystone XL project has been called off by President Obama, surprising fewhttp://www.petroleum-economist.com/Article/3505076/Obama-calls-of-the-Keystone-XL-project.htmlTue, 10 Nov 2015 00:00:00 GMTChinese firm buys Texas oilfields for $1.3bnYantai Xinchao is to buy oilfields in Texas’s Permian basin from producers Tall City Exploration and Plymouth Petroleum for around $1.3bnhttp://www.petroleum-economist.com/Article/3500852/Chinese-firm-buys-Texas-oilfields-for-13bn.htmlTue, 27 Oct 2015 00:00:00 GMTTwo major fields reopen in Libya as disputes are settled, says NOCState firm NOC says it can recover output quickly and add to capacity, but some believe the country’s political disintegration makes this unlikelyhttp://www.petroleum-economist.com/Article/3500040/Two-major-fields-reopen-in-Libya-as-disputes-are-settled-says-NOC.htmlFri, 23 Oct 2015 00:00:00 GMTElection result shifts Canada to the leftJustin Trudeau led his Liberal Party to a surprisingly strong victory in Canada’s national election on 19 October, ending the Conservative Party’s decade in powerhttp://www.petroleum-economist.com/Article/3499265/Election-result-shifts-Canada-to-the-left.htmlWed, 21 Oct 2015 00:00:00 GMTUK capacity margins slimmer than everThe UK’s National Grid is having to enlist the support of standby generators and big consumers for the second year runninghttp://www.petroleum-economist.com/Article/3498870/UK-capacity-margins-slimmer-than-ever.htmlTue, 20 Oct 2015 00:00:00 GMTKuwait expansion plans in doubt; measures being takenKuwait announces plans to raise oil production capacity from around 2.9m barrels/day to 4m b/d by 2020http://www.petroleum-economist.com/Article/3498655/Kuwait-expansion-plans-in-doubt-measures-being-taken.htmlMon, 19 Oct 2015 00:00:00 GMTKazakhstan is the second worst country for investors, says YerginAward winning author of The Prize, Daniel Yergin, says Kazakhstan needs to change what they're offering to secure investmentshttp://www.petroleum-economist.com/Article/3495615/Kazakhstan-is-the-second-worst-country-for-investors-says-Yergin.htmlThu, 08 Oct 2015 00:00:00 GMTMultiple explosions rock Turkish gaslinesThe ability of pipelines to resist hostile attack is being sorely tested in Turkey, with Kurdish separatists attacking the gaslineshttp://www.petroleum-economist.com/Article/3493292/Multiple-explosions-rock-Turkish-gaslines.htmlWed, 30 Sep 2015 00:00:00 GMTIraq struggles to plug the financing gap amid low oil pricesBaghdad is facing a cash crisis, while losing control of its northern oil assetshttp://www.petroleum-economist.com/Article/3493288/Iraq-struggles-to-plug-the-financing-gap-amid-low-oil-prices.htmlWed, 30 Sep 2015 00:00:00 GMTHovensa files for bankruptcy, ending a long-running disputeThe shuttered Hovensa Refinery in the US Virgin Islands has filed for bankruptcy, closing a long-running dispute between the owners of the facility and the Virgin Islandshttp://www.petroleum-economist.com/Article/3490575/Hovensa-files-for-bankruptcy-ending-a-long-running-dispute.htmlTue, 22 Sep 2015 00:00:00 GMTPetroleum Economist Awards 2015 winners revealedOn 17 September 2015, the winners of this year's Petroleum Economist Awards were presented with their trophies at a black-tie ceremony held at the Banking Hall in the City of London, attended by their colleagues and peers from across the energy industry. http://www.petroleum-economist.com/Article/3487359/Petroleum-Economist-Awards-2015-winners-revealed.htmlFri, 18 Sep 2015 00:00:00 GMTIranian government pessimistic about 2016 oil price riseThe government of Iran may set the price of oil between $42 and $50 in the state budget beginning March 2016 http://www.petroleum-economist.com/Article/3489140/Iranian-government-pessimistic-about-2016-oil-price-rise.htmlWed, 16 Sep 2015 00:00:00 GMTRussia and China strengthen energy tiesTwo agreements signed in Beijing 3 September serve to strengthen energy tieshttp://www.petroleum-economist.com/Article/3485899/Russia-and-China-strengthen-energy-ties.htmlFri, 04 Sep 2015 00:00:00 GMTKRG promises September payments to IOCsThe Kurdistan Regional Council for Oil & Gas Affairs expects the first tranche of regular payments to be made available to IOCs in the first half of September 2015http://www.petroleum-economist.com/Article/3483988/KRG-promises-September-payments-to-IOCs.htmlFri, 28 Aug 2015 00:00:00 GMTRosneft buys assets of oilfield services company TricanThe company is buying the Russian assets of Trican in order to boost itself ahead of harsher western sanctionshttp://www.petroleum-economist.com/Article/3481112/Rosneft-buys-assets-of-oilfield-services-company-Trican.htmlWed, 19 Aug 2015 00:00:00 GMTCheniere Train 5 contracted to Total and CentricaTrain 5’s capacity of 3.75m t/y has been contracted on a long-term FOB basis under sale and purchase agreements with the French major Total and Centricahttp://www.petroleum-economist.com/Article/3480774/Cheniere-Train-5-contracted-to-Total-and-Centrica.htmlTue, 18 Aug 2015 00:00:00 GMTIran's nuclear agreement could boost oil marketTehran’s mid-July nuclear agreement provides space for its re-entry into the global oil market, and for international oil companies to plant their flags back in the Islamic Republichttp://www.petroleum-economist.com/Article/3480867/Irans-nuclear-agreement-could-boost-oil-market.htmlTue, 18 Aug 2015 00:00:00 GMTMomentum builds for end to US oil export banA deal that would lift export restrictions is possible later this year as debate over crude export restrictions heats up http://www.petroleum-economist.com/Article/3477425/Momentum-builds-for-end-to-US-oil-export-ban.htmlWed, 05 Aug 2015 00:00:00 GMTIran deal would help domestic firmsIran’s bureaucracy has been nervously watching the unfolding negotiations with the P5+1 group of global powershttp://www.petroleum-economist.com/Article/3469360/Iran-deal-would-help-domestic-firms.htmlThu, 09 Jul 2015 00:00:00 GMTUS producers call for the export ban to be liftedOutdated rules stop US producers from exporting crude oil to most countries - exporters believe a change is overduehttp://www.petroleum-economist.com/Article/3467591/US-producers-call-for-the-export-ban-to-be-lifted.htmlThu, 02 Jul 2015 00:00:00 GMTAustria's OMV welcomes a new CEO Rainer Seele has plenty of work to do thanks to the oil price and legacies of the pasthttp://www.petroleum-economist.com/Article/3467167/Austrias-OMV-welcomes-a-new-CEO.htmlWed, 01 Jul 2015 00:00:00 GMT