Issue 32
Top Stories
- WTI Crude Slides Below $120/B Amid Signs Of Sagging Demand
- OPEC Crude Production Increased To 32.68Mn B/D In July
- Credit Crunch Continuing To Impact Bank Funding For Project Finance
- Land Dispute Prompts Egyptian Government To Halt Eagrium Project
- MENA LNG Production Limited By Rising Local Demand And Ageing Facilities
Energy Fundamentals
- Saudi Aramco Raises Heavy Crude Prices For September, Most Light Grades Reduced
- Japan’s Oil Imports Declined During June
- Barclays Capital Sees Market Experiencing Demand Suppression, Not Demand Destruction
- Crude Oil Formulas/Posted Prices ($/B)
News by Country
- Sonatrach Announces Five Gas Discoveries And Two Oil Discoveries
- Sonatrach’s 2007 Revenues Hit Record Despite Slight Fall In Exports
- Kashagan Deal Expected To Be Officially Ratified In October
- Ukraine Returns Disputed Gas To Russia
- Russia Begins Power Imports From Georgia
- Rising Local Demand And Cost Of Subsidies Are Energy Sector’s ‘Biggest Challenge’
- Azar Development Will Be Undertaken By Iran If StatoilHydro Withdraws, Says Nozari
- NIOC Plans To Tender 10 Oil And Gas Developments By End-March 2009
- CBI Report Says 14Mn Iranians Below Poverty Line
- Iraq Issues Tender For Drilling Contracts In Akkaz Gas Field And East Baghdad Oil Field
- Iraq Budget Surplus Estimated At $38-50Bn In 2008, Says GAO
- Jordan Finalizing Qatrana Power Project With KEPCO
- Lebanon Plans To Issue Oil Exploration Law
- S&P Raises Lebanon’s Credit Ratings
- Agoco Strikes Oil In Sirte Basin, Expects Total Output To Rise
- Libyan-US Relations Set To Improve As Congress Moves To Resolve Compensation Issue
- Military Coup Threatens To Compound Mauritania’s Woes
- Morocco’s Recent Economic Performance Remains Favorable, Says IMF
- Naqilat Secures $1.5Bn Of Financing Under Existing Program
- Ras Laffan C IWPP Signs Financing Agreement, Islamic Banks Join Group
- Egypt Has Spare Power To Supply Lebanon, Syria And Jordan
- High Oil Prices Revive Interest In Renewable Energies, Says GRC
- S&P Raises Banking Industry Country Risk Assessments On Four GCC Countries
- Saudi Inflation Rises To 10.6% In June
- Saudi Arabia’s Consumer Price Inflation To Average 11-12% In 2008, Says Samba
- Saudi Banks Credit Outlook Is Positive On Robust Domestic Economy, Says Moody’s
- Syria Cancels Agreement To Discount Gas Supplies To Lebanon
- Noor Petroleum Completes Feasibility Study For Syrian Refinery
- Penalties Introduced For Smuggling Petroleum Products Out Of Syria
- CBS Introduces Foreign Currency Liberalization Measures
- IDB And KFAED Finance Gas And Road Projects In Syria
- ETAP Attracts 10 Banks To Hasdrubal Gas Project Financing
- UAE Oil Products Demand Increased By 4.6% In 2007
- GDF Suez Awarded $5.6Bn Contract For Shuweihat 2 Power And Desalination Plant
- UAE Needs To Spend Over $10Bn To Meet Rising Power Demand, Says BMI
- Energy Recovery To Supply ExchangersTo Hamriyah Power And Desalination Plant
- ADFD’s Capital Doubled To $2.2Bn