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Crude Oil Formulas/Posted Prices
...Middle East Economic Survey VOL. LIV No 3 17-Jan-2011 OIL PRICES/OPEC Crude Oil Formulas/Posted Prices ($/B) Syria (Dated Brent + / - Adjustment Factor; $/B) 2011 2010 Jan Dec Nov Oc...
Volume: 54Issue: 03Published at Mon, 17 Jan 2011 -
Tethys Wins Approval For Doris Production Program
...ris oil discovery on the Akkulka block. The approval allows Tethys to install production facilities for the planned 3,000-4,000 b/d production target for the second quarter of 2011. Currently the company is producing 750 b/d of oil from Doris under a test production permit. Once the pilot program is...
Volume: 54Issue: 03Published at Mon, 17 Jan 2011 -
Khanaliyev Appointed Turkmengaz Chairman
...800ms, one in Keimir oil field to a depth of 4,500ms, and two in the Ekerem oil field to a depth of 3,800ms. Ria Novosti reported that the value of the contract is $32.95mn and that the work program is expected to run from June 2011 to February 2012....
Volume: 54Issue: 03Published at Mon, 17 Jan 2011 -
Dragon Completes Testing Of Dzheitune Development Well
...illed to a depth of 3,512ms and flowed 2,656 b/d of oil. The drilling rig will be moved to drill Dzheitune 28/152, the third development well of an 11-well program planned for 2011. A second development well, Dzheitune B/150, is currently being completed and is scheduled to undergo production te...
Volume: 54Issue: 03Published at Mon, 17 Jan 2011 -
Jordan’s Economic Growth Projected To Reach 4.25% In 2011, IMF Says
...Middle East Economic Survey VOL. LIV No 3 17-Jan-2011 Jordan Jordan’s Economic Growth Projected To Reach 4.25% In 2011, IMF Says Real economic growth in Jordan is likely to rise further to 4.25% over the coming year, after posting a growth figure of 3.5% for 2010, the IMF sa...
Volume: 54Issue: 03Published at Mon, 17 Jan 2011 -
Energy Minister Joins Lebanon Cabinet Exodus
...ploration in the Lebanese offshore (MEES, 20 December 2010). The ministry held a first workshop on procedures for the implementation of the oil and gas law and was planning a second workshop in February 2011 (MEES, 29 November 2010). Mr Basil also expected that Lebanon would launch its first offshore li...
Volume: 54Issue: 03Published at Mon, 17 Jan 2011 -
Middle East Power Projects To Regain Momentum In 2011, Says Frost & Sullivan
...Middle East Economic Survey VOL. LIV No 3 17-Jan-2011 REGIONAL Middle East Power Projects To Regain Momentum In 2011, Says Frost & Sullivan New power generation projects in the Middle East region are expected to regain lost traction in 2011 since demand is projected to nearly do...
Volume: 54Issue: 03Published at Mon, 17 Jan 2011 -
Islamic Financial Institutions At A Crossroads, Ernst & Young Say
...Middle East Economic Survey VOL. LIV No 3 17-Jan-2011 REGIONAL Islamic Financial Institutions At A Crossroads, Ernst & Young Say Islamic financial institutions are at a crossroads entering 2011, Ernst & Young said on 9 January. The industry will continue to be resilient in th...
Volume: 54Issue: 03Published at Mon, 17 Jan 2011 -
Government Spending Driving Saudi Economic Growth In 2011, Says Jadwa
...Middle East Economic Survey VOL. LIV No 3 17-Jan-2011 SAUDI ARABIA Government Spending Driving Saudi Economic Growth In 2011, Says Jadwa The Saudi economy is expected to strengthen in 2011. Economic performance will improve though it will remain driven by government sp...
Volume: 54Issue: 03Published at Mon, 17 Jan 2011 -
Saudi Economic Outlook Bullish For 2011, Says Riyad Capital
...Middle East Economic Survey VOL. LIV No 3 17-Jan-2011 SAUDI ARABIA Saudi Economic Outlook Bullish For 2011, Says Riyad Capital Latest economic figures point to signs ofprogress in the Saudi economy, Riyad Capital (RC) said in its latest Monthly Economic Report, with all le...
Volume: 54Issue: 03Published at Mon, 17 Jan 2011 -
DEWA Receives Bids For Study On Coal-Based Electricity Generation
...pected to be announced in the first quarter of 2011....
Volume: 54Issue: 03Published at Mon, 17 Jan 2011 -
Political Comment (17 January 2011)
...Middle East Economic Survey VOL. LIV No 3 17-Jan-2011 POLITICAL COMMENT Political Comment (17 January 2011) Tunisian President Zine al-Abidine Ben Ali has responded to violent unrest in the country by announcing that he will not run for reelection in 2014. Lebanon's na...
Volume: 54Issue: 03Published at Mon, 17 Jan 2011 -
Dubai Maintains Fiscal Budget Stimulus Despite Debt Woes
...in a better financial position in 2011 because most of its commitments on infrastructure projects would have been met. The statement also provided details of allocations to the following major sectors in 2010: Dh17.45bn ($4,751mn), or 49% of the total budget for the economic sector, in...
Volume: 53Issue: 03Published at Mon, 18 Jan 2010 -
Qatar Eyes LNG ‘Mega-Train’ Finishing Line
...mpleted and commissioned by June of this year and Train 7 hopefully by September.” The mega-trains require up to a couple of months to go up to full capacity. There are concerns full production at Train 7 might slip into 2011 (MEES, 30 November, 2009). But “a delay of a month or two is not a big de...
Volume: 53Issue: 03Published at Mon, 18 Jan 2010 -
EIA Sees Tightening Of World Oil Market In 2010-11
...untries themselves should “begin to show significant oil demand growth in 2011 in response to improving economic conditions.” It said economic growth in the OECD was projected to double from 1.2% in 2010 to 2.7% in 2011. It added that while compliance with oil production cuts by OPEC members has we...
Volume: 53Issue: 03Published at Mon, 18 Jan 2010 -
Turkmenistan Awards Contracts For South Yolotan Gasfield, But Output Questions Remain
...ount to 6 bcm/y and that by December 2010 it plans for as much as 15 bcm/y to be moving through the pipeline. By December 2011, CNPC plans for annual shipments to reach 30 bcm and during 2013-14, the full contract volume of 40 bcm/y is scheduled to be met. Meanwhile, in the course of this, Ka...
Volume: 53Issue: 03Published at Mon, 18 Jan 2010 -
Iran’s Inflation Falls Further To 13.5% In December
...nual payments as per the table below: Year Debt Repayment ($Bn) 1388 (2009-10) 8.201 1389 (2010-11) 3.788 1390 (2011-12) 2.206 1391 (2012-13) 1.913 1392 (2013-14) onwards 5.467 ...
Volume: 53Issue: 03Published at Mon, 18 Jan 2010 -
Saudi Economy Will Grow By 3.9% In 2010, According To Banque Saudi Fransi
...2009 to SR203.74bn ($54.3bn). According to BSF forecasts, claims on the private sector by Saudi banks should rise 8% in 2010, from 2.1% in 2009. A fuller credit recovery is expected to unfold in 2011 as private sector appetite becomes more robust. Private sector claims next year are likely to ri...
Volume: 53Issue: 03Published at Mon, 18 Jan 2010 -
Iraq’s TSC And PSC Agreements – A Good Deal For Iraq?
...an planned to be operating in 2011. Facilities, pipelines, storage and ports are not yet developed to serve the huge planned oil production. I agree they are not the major issue, which is that the call on Iraq’s crude oil is likely to require much more modest production than the mooted development pl...
Volume: 53Issue: 03Published at Mon, 18 Jan 2010 -
Saudi Downstream Drive Enters Critical Phase
...ability of some to the limit and delays prompted by the need to reduce costs have moved start-up dates on the new generation of Saudi refineries to late-2012-early-2013 from original 2011 start-up dates. Front-end engineering and design (FEED) for the kingdom’s two flagship export refinery joint ve...
Volume: 51Issue: 03Published at Mon, 21 Jan 2008