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Khartoum To Impose Fees On Oil Flowing From South Sudan
...is is our right.” Since the South’s secession from the North on 9 July last year, the two nations have been locked in a dispute over the sharing of oil revenues (MEES, 11 July 2011). And while South Sudan provided around 75% of Sudan’s pre-independence 470,000 b/d output, it is still highly de...
Volume: 55Issue: 01/02Published at Mon, 09 Jan 2012 -
Attack On Gas Pipeline Disrupts Power Supply In Syria
...ria, the last being on 27 December 2011 on a gasline linking 'Abd Kafar and Rastan, close to the city of Homs which has seen some of the more violent protests since the eruption of the Syrian uprising in March. The Syrian government announced at the end of December an increase in the price of ga...
Volume: 55Issue: 01/02Published at Mon, 09 Jan 2012 -
Dubai Halves Budget Deficit In 2012
...Bn) 2012 2011 % Change 2010 2009 2008 Revenue 30.43 29.9 +1.8 29...
Volume: 55Issue: 01/02Published at Mon, 09 Jan 2012 -
DEWA IPP Bidders See Good Support From Regional Banks
...ke the two banks up on their offer (MEES, 10 October 2011). First Of A Possible Six Projects As Dubai’s first IPP and its first public-private partnership (PPP), Hassyan 1 was expected to attract considerable interest. Developers are looking to get a foothold in what is expected to be an on...
Volume: 55Issue: 01/02Published at Mon, 09 Jan 2012 -
The Oil Curse And Oil Exporting Countries: Looking To The Future
...l producers. It also brings conflicts between provinces within countries. Examples of internal conflict include the political instability in Venezuela, the separation conflict in Angola’s oil-rich Cabinda province, the civil war in Nigeria and the 2011 civil war in Libya. These conflicts are known as...
Volume: 55Issue: 01/02Published at Mon, 09 Jan 2012 -
Saudis Accelerate Multi-Billion Dollar Downstream Drive
...Middle East Economic Survey VOL. LIV No 1-2 3/10-Jan-2011 SAUDI ARABIA Saudis Accelerate Multi-Billion Dollar Downstream Drive The first half of 2011 is likely to be a watershed period for the Saudi refinery and petrochemical sector, with state-owned Saudi Aramco set to...
Volume: 54Issue: 01/02Published at Mon, 10 Jan 2011 -
Yemen’s 2011 Draft Budget Targets Structural Reforms
...Middle East Economic Survey VOL. LIV No 1-2 3/10-Jan-2011 YEMEN Yemen’s 2011 Draft Budget Targets Structural Reforms The Yemeni economy faces a number of economic, social and political challenges, according to the 2011 budget statement issued by the government after ap...
Volume: 54Issue: 01/02Published at Mon, 10 Jan 2011 -
WTI Eases From Lower $90s/B Range, But IEA’s Birol Warns Price In ‘Danger Zone’
....14 89.75 92.32 90.22 30 Dec 89.84 93.09 89.54 91.27 89.47 31 Dec 91.38 94.75 88.76 92.93 88.99 2011 3 Jan 91...
Volume: 54Issue: 01/02Published at Mon, 10 Jan 2011 -
OAPEC Ministers Agree Oil Market Well Supplied
...ile Oman was trading at Dubai plus $0.70-0.85/B. The formulas for February 2011 and the previous 12 months for deliveries to the US, Europe and the Far East – on an FOB Saudi Arabia basis, 50 days after B/L for the US, 40 days after B/L for NW Europe, and B/L date to the Far East – are as fo...
Volume: 54Issue: 01/02Published at Mon, 10 Jan 2011 -
Saudi Propane Price Set At Record $935/Ton For January, Butane Reduced To $920/Ton
...Middle East Economic Survey VOL. LIV No 1-2 3/10-Jan-2011 OIL PRICES/SAUDI ARABIA Saudi Propane Price Set At Record $935/Ton For January, Butane Reduced To $920/Ton Saudi Aramco has announced its January 2011 LPG contract prices for customers, with propane being set at a re...
Volume: 54Issue: 01/02Published at Mon, 10 Jan 2011 -
Crude Oil Formulas/Posted Prices
....05 74.75 Algeria (Dated Brent + / - Adjustment Factor; $/B) 2011 2010 Jan Dec Nov Oct Sep Aug Jul Jun May Apr Ma...
Volume: 54Issue: 01/02Published at Mon, 10 Jan 2011 -
Gazprom Considers Role Of Gas Sales Intermediaries
...tween Moscow and Sofia over the South Stream gas pipeline project. However, in November Russia’s Prime Minister Vladimir Putin agreed during a visit to Sofia to phase out all intermediaries during 2011-12, with a view to establishing from 2013 direct sales contracts between Gazpromexport and Bulgargaz....
Volume: 54Issue: 01/02Published at Mon, 10 Jan 2011 -
Cyprus Agrees Details Of $6Bn LNG Supply Deal With Shell
...ich happens to lie some 60km away from Israel’s latest gas discovery – the 16 tcf Leviathan field. Noble Energy is obliged to drill a well in Block 12 between October 2011 and October 2013 (MEES, 13 December 2010)....
Volume: 54Issue: 01/02Published at Mon, 10 Jan 2011 -
Dana Gas Egyptian Production Averaged 42,000 BOED During 2010
...d-2012. Dana will conduct a 14 well exploration program during 2011. It added that crude oil production at the Komombo concession, which it shares 50:50 with Sea Dragon Energy, averaged 620 b/d and is now producing 800 b/d....
Volume: 54Issue: 01/02Published at Mon, 10 Jan 2011 -
POGC Plans Euro And Rial Bond Issues To Finance South Pars Work
...uth Pars gas field in the next Iranian year (21 March 2011 – 20 March 2012) is expected to exceed $12bn. Dr Vakili said that the company plans to issue, in the Iranian month of Bahman (January 21 – 20 February), in cooperation with the National Iranian Oil Company (NIOC) and the Central Bank of Ir...
Volume: 54Issue: 01/02Published at Mon, 10 Jan 2011 -
Noble Energy Makes Major Gas Discovery Offshore Israel With Leviathan Well
...cosia, the US firm is obliged to drill an exploration well in Block 12 between October 2011 and October 2013 (MEES, 13 December 2010), and Delek holds an option to acquire 30% of Block 12. In December Israel and Cyprus signed an agreement for the delimitation of their respective EEZs (MEES, 27 De...
Volume: 54Issue: 01/02Published at Mon, 10 Jan 2011 -
MASEN Prequalifies Bidders For First Phase Of Ouarzazate Solar Program
...ternational Company for Water and Power (ACWA), Aries IS and TSK EE; and Orascom CI, Solar Millennium and Evonik Steag. This first phase of the Ouarzazate solar complex will incorporate parabolic trough technology. Subsequent phases will be launched in 2011-12 in order to achieve the target of 500mw in op...
Volume: 54Issue: 01/02Published at Mon, 10 Jan 2011 -
Doha Bank To Issue Bonds Worth $500Mn
...Middle East Economic Survey VOL. LIV No 1-2 3/10-Jan-2011 QATAR Doha Bank To Issue Bonds Worth $500Mn Doha Bank, the third largest bank in Qatar, plans to issue $500mn in senior debt bonds through its fully-owned Bermuda-based subsidiary in the first quarter of 2011, it an...
Volume: 54Issue: 01/02Published at Mon, 10 Jan 2011 -
SEC Announces Plan To Expand Generating Capacity By 2016
...ter a board meeting that saw the ratification of the country’s 2011 budget – SEC Chairman Saleh al-Awaji stated that the company plans to begin work over the coming year on new projects to add 6.5gw of capacity by the beginning of 2012. Related projects include the building of 56 new high-voltage po...
Volume: 54Issue: 01/02Published at Mon, 10 Jan 2011 -
Saudi Economy Poised For Strong Growth In 2011, Says Riyad Capital
...Middle East Economic Survey VOL. LIV No 1-2 3/10-Jan-2011 SAUDI ARABIA Saudi Economy Poised For Strong Growth In 2011, Says Riyad Capital Despite the emergence of new strains on the global economy in recent months, the Saudi Arabian economy is set to post “robust growth” fi...
Volume: 54Issue: 01/02Published at Mon, 10 Jan 2011