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Saudi Aramco Takes Central Role Downstream
...oject, which will cost around $25bn and comprise 34-35 units (and being advised by RBS and Riyad Bank) could seek funding at the end of 2010, but some see 2011 as more likely. It is unclear at this stage how the financing for PETRORabigh II, which is expected to cost around $10bn, will be slotted in...
Volume: 53Issue: 04Published at Mon, 25 Jan 2010 -
South Stream Technical Study Completion Expected In September-October
...nister, told Ria Novosti on 16 January that all technical work necessary to finalize the routing of the South Stream gas pipeline project would be completed by all the states involved by September-October this year, so that the construction work on the pipeline would begin in November 2010 or January 2011...
Volume: 53Issue: 04Published at Mon, 25 Jan 2010 -
Higher Commodities Prices Drive Qatari Economic Growth, Says Emirates NBD
...rengthening external demand should also lead to a recovery in the non-energy sector. Growth of Qatar’s non-hydrocarbon sector is expected to accelerate to 5% of GDP in 2010, from an estimated 2% in 2009. GDP growth should stay strong in 2011 as well, at 12.5%. Accordingly the country’s oil and gas earnings ar...
Volume: 53Issue: 04Published at Mon, 25 Jan 2010 -
Critical Year Ahead For Sudan, Chatham House Warns
...civil strife, voters in Southern Sudan will in January 2011 take a decision with far-reaching consequences for the peace and development of the whole country, Chatham House (UK’s Royal Institute of International Affairs) warned last week. In the report Decisions and Deadlines – A Critical Year fo...
Volume: 53Issue: 04Published at Mon, 25 Jan 2010 -
Abu Dhabi Lifeline To Dubai Shrinks
...kheel, which developed Dubai’s palm-shaped islands, said that it had made the $10.3mn coupon payment on a $750mn bond due in 2011. Another state-run company, Borse Dubai, also said last week it would exercise an option to extend a $2.5bn one-year loan to February 2011. Creditors are still awaiting a st...
Volume: 53Issue: 04Published at Mon, 25 Jan 2010