Gulf Oil and Gas accountACCOUNT

Africa Oil Supply - December 2012

Source: OPEC 1/6/2013, Location: Africa

Africa’s oil supply is predicted to average 2.34 mb/d in 2012, a decline of 0.25 mb/d from the previous year and a downward revision of 15 tb/d from the last MOMR. This revision concerned South Sudan and Sudan. South Sudan and Sudan’s oil supply is expected to decrease by 0.30 mb/d in 2012 to average 0.13 mb/d, a downward revision of 15 tb/d from the previous month.

It was introduced in the fourth quarter as South Sudan was expected to restart some of its halted production in mid-November. However, the output restart has been pushed back over security arrangements. After that, the two nations held talks and reports suggested a successful outcome to border security issues, and production might restart by year-end. Supply forecasts for the other countries in the region remained steady from the previous MOMR. During the first three quarters of this year, Africa’s supply declined by 0.27 mb/d, compared with the same period of 2011. On a quarterly basis, supply in 2012 is seen to stand at 2.40 mb/d, 2.30 mb/d, 2.31 mb/d and 2.36 mb/d respectively.

Financials and Investment News in Sudan >>

United Kingdom >>  12/12/2018 - The owners of the Dudgeon wind farm, Equinor, Masdar and China Resources Group, have signed a hybrid refinancing of GBP 1.4 billion. The refinancing i...
Romania >>  12/11/2018 - ADX Energy has announced that Reabold Resources and ADX have agreed to a number of funding options for Danube Petroleum in order to provide funding ce...

Indonesia >>  12/7/2018 - Marubeni Corporation (Marubeni) is pleased to announce that PT Jawa Satu Power, which is owned in consortium by Marubeni, PT Pertamina (Persero) (here...
Argentina >>  12/6/2018 - Further to the Company's announcement on 16 February 2018, Phoenix Global Resources, the upstream oil and gas company offering its investors an opport...

Oman >>  12/5/2018 - Duqm Refinery announced its project’s financial close at a gala dinner held at the Intercontinental Hotel Muscat. Achieving a multi-source project fin...
United Kingdom >>  12/3/2018 - Reabold, the oil and gas investing company, has exercised options to subscribe for 375,940 fully paid ordinary shares in the capital of Danube Petrole...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Sudan Oil & Gas 1 >>  2 | 3 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.