Alhajji A.F.,Energy Capital Management
Oil and Gas Journal | Year: 2011
The article incorporates Iraq's experience in oil production capacity building since 2003 and adds Nigeria. Factors that determine the amount and the speed of Libyan production increases include the degree of destruction of oil facilities and pipelines, the degree of exodus of critical specialized personnel and the conditions of their return or replacements, the degree of decisiveness or level of priority given by the transitional government. The financial crisis, the massive losses of certain ventures with global investment banks, and the uncertainty regarding the ability to reclaim all foreign assets make the amount of capital available significantly smaller than expected. Economic sanctions on Iran have contributed to the slow growth in production capacity during this period. It is worth noting that Iran's production capacity has not recovered to the pre-revolution level of 6 million b/d, mostly because of the belief that the old production level of 6 million b/d was not sustainable.
Sovacool B.K.,Vermont Law School |
Valentine S.V.,University of Tokyo |
Jain Bambawale M.,Vermont Law School |
Jain Bambawale M.,National University of Singapore |
And 7 more authors.
Environmental Science and Policy | Year: 2012
This study investigates how energy users from government, industry, civil society, and academia perceive of energy security challenges. It also analyzes how demographic characteristics influence such perceptions, and how geography, economic structure, modes of domestic energy production, and culture shape energy security priorities. Its primary source of data is a four-part survey distributed in seven languages (English, Mandarin, Portuguese, Russian, Arabic, German, and Japanese) to 2167 respondents in Brazil, China, Germany, India, Kazakhstan, Japan, Papua New Guinea, Saudi Arabia, Singapore, and the United States. These countries were selected because they represent a mix of urban and rural populations, developed and developing economies, import- and export-oriented energy trading flows, communist and capitalist societies, liberalized and state-owned energy markets, and small and large geographic sizes. The survey results are used to test four propositions about energy security related to the education, age, occupation, and gender of respondents, as well five propositions about national energy priorities and the interconnected attributes of security of supply, energy efficiency, energy research and development, energy trade, diversification and decentralization, affordability, environmental quality, climate change, and energy governance. © 2011 Elsevier Ltd.
Alhaiji A.,Energy Capital Management
World Oil | Year: 2013
The hard-to-define conflict in Syria has created a nightmare in the nation's oil fields, especially near the city of Deir alzor in the northeastern part of the country. The conflict has created an opportunity for smugglers to ship badly needed, heavily subsidized petroleum products to neighboring countries; where prices of these products are at least six times higher. The loss of Syrian crude has affected global markets. Some European countries have lost their portions of valuable, 75,000-bpd light crude imports from Syria, due primarily to sanctions that ban the import of Syrian oil. While Syria may be a small oil producer, claiming 2.5 billion bbl of oil reserves and a pre-revolution production of about 330,000 bpd, oil export revenues did generate about 25% of the government's revenues in 2010. Syria's energy usage could potentially explode, once the war is over. The increase in energy consumption would result in higher imports of oil and natural gas.
Alhajji A.F.,Energy Capital Management
World Oil | Year: 2010
While opportunities to develop the oil sector in Iraq are unmatched by those in any other country; many daunting challenges stand in the way. Opportunities include large and easily accessible oil reserves, the use of new technology in fields that have not seen state-of-the-art production methods since the 1980s, and the presence of a skilled national labor force with exceptional experience in the oil sector. However, challenges abound. These include continued political instability and violence, some aging and damaged oil fields, old technology and difficulties in transferring technology, and lack of basic infrastructure. A discussion on Iraq's oil industry covers resource nationalism; brain drain as one of the most serious problems; conflicting interests with OPEC and its members; production capacity expansion; and base-case scenario, e.g., Iraq's oil production capacity would reach 4.9 million bpd.