VOL. XLVII

No 01

5-January-2004

GENERAL

Promising Prospects For Mid-Caps In Mideast Upstream, Says Deutsche Bank

With politics, windfall oil revenues and fiscal terms delaying some of the larger Middle East upstream projects that are normally the province of oil majors, smaller plays look more promising on looser terms, and could be more suited to the Mid-Caps, with their focus and lower returns hurdle, according to a Deutsche Bank report published on 17 December entitled Occidental, Petro-Canada...