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 >>

Nigeria >>  3/14/2019 - Eland Oil & Gas PLC, an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, is pleased to announce...
Turkey >>  3/14/2019 - Valeura Energy, the upstream natural gas producer focused on appraising and developing an unconventional gas accumulation in the Thrace Basin of Turke...

Venezuela >>  3/8/2019 - ConocoPhillips (COP) announced that an international arbitration tribunal constituted under the auspices of the International Centre for Settlement of...
Cameroon >>  3/6/2019 - Victoria Oil & Gas Plc, the integrated natural gas producing utility company in Cameroon, is pleased to announce a £12.6 million (c.US$16.5 million) e...

Egypt >>  3/6/2019 - Petroleum Minister Tareq el Molla had talks with First Vice President of the European Bank for Reconstruction and Development (EBRD), Jurgen Rigterink...
Kuwait >>  3/4/2019 - State-owned Kuwait Petroleum Corp (KPC) has signed a memorandum of understanding with the British government for up to $3 billion in loans and credit ...

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.