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Jordan’s Foreign Aid Tops $1.1Bn In 2010
...is total, grants amounted to $782.2mn, or 69%, and concessionary loans to $351.2mn, or 31%. An official of the ministry said that Jordan has managed to receive the same level of foreign aid in the period 2008-10 despite the global financial crisis and hoped that this level would be maintained in 2011...
Volume: 54Issue: 06Published at Mon, 07 Feb 2011 -
Lebanon Asks UN To Broaden UNIFIL Mandate For Offshore Demarcation
...tober 2011 (MEES, 29 November 2010). However, the current state of political affairs in Lebanon does not bode well for follow-up legislation that will enable Lebanon to advance its nascent energy sector. The UN initially declined to become involved in the demarcation of Lebanon’s maritime borders. UN...
Volume: 54Issue: 06Published at Mon, 07 Feb 2011 -
Saudi Economy’s Real Growth Rate Was 3.8% In 2010, Says Jadwa
...ready picked up in January, initially because of investor confidence about the outlook for 2011. The jump in the final few days of the month lifted the total value of shares traded to SR83.8bn ($22.34bn), the highest since May 2010, it concluded....
Volume: 54Issue: 06Published at Mon, 07 Feb 2011 -
Political Comment (7 February 2011)
...Middle East Economic Survey VOL. LIV No 6 7-Feb-2011 POLITICAL COMMENT Political Comment (7 February 2011) After a week of further violence in Egypt, the future of President Husni Mubarak was still unclear. In Jordan the king has replaced his prime minister, while in Yemen Pr...
Volume: 54Issue: 06Published at Mon, 07 Feb 2011 -
Bulgaria Ratifies Nabucco Agreement, Hungary Gets Serious On South Stream
...cision is due to be made in the last quarter with construction to begin in 2011 (MEES, 14 December 2009). The project has been delayed by a failure to secure gas supply agreements, although Azerbaijan and Iraq appear to be the most likely future suppliers at this time. Last December, RWE said it hoped to si...
Volume: 53Issue: 06Published at Mon, 08 Feb 2010 -
US Senate Passes Further Sanctions Against Iran
...nopec is developing two catalytic crackers at the Hormuz and Abadan refineries, which are both scheduled for completion in 2011. On 2 February US Director for National Intelligence Denis Blair told the Senate Select Committee on Intelligence that “Iran has made contingency plans for dealing with future ad...
Volume: 53Issue: 06Published at Mon, 08 Feb 2010 -
World Bank Expects MENA Economies To Show 4.4% Growth By 2011
...Middle East Economic Survey VOL. LIII No 6 8-Feb-2010 REGIONAL World Bank Expects MENA Economies To Show 4.4% Growth By 2011 The economies of the Middle East and North Africa are ex...
Volume: 53Issue: 06Published at Mon, 08 Feb 2010 -
GE Secures $200mn Turbines Contract For GASCO’s Habshan 5 Gas Plant
...2011. Habshan 5 will have four gas processing trains, with a total capacity of 2bn cfd of gas. “Habshan 5 is an important part of GASCO’s plan to increase overall gas processing capacity to meet growing natural gas demand,” said Senior Vice-President of GASCO’s Major Projects group 'Abd al-'Aziz al...
Volume: 53Issue: 06Published at Mon, 08 Feb 2010 -
Political Comment (8 February 2010)
...to a confrontation between Mr Maliki and his Shi'a allies in the Iraqi National Alliance (formerly the United Iraqi Alliance) and their Sunni and secular opponents that could threaten the legitimacy of the elections, and with it American plans to withdraw from Iraq by the end of 2011. Ah...
Volume: 53Issue: 06Published at Mon, 08 Feb 2010 -
A Tentative Forecast For Iraq’s Oil Production 2010-20
...enario is indicative: Iraqi Oil Production (Mn B\D) 2010 2011 2012 2013 2014 2015 2016 2.7 3.0 3.5 4.0 4.5 5.5 7.8 These figures are based on achieving the plateaus in the giant fields in the first licensing round as we...
Volume: 53Issue: 06Published at Mon, 08 Feb 2010 -
Libya’s Exploration Drive Falters
...ogram to Libya’s National Oil Corporation (NOC) in November, which if approved, could bring some of these discoveries on-stream by 2011 at an initial rate of 50,000 b/d of oil and 50mn cfd of gas (MEES, 15 December 2008). But the block, which Verenex acquired in the first EPSA-4 bid round, is in the Gh...
Volume: 52Issue: 06Published at Mon, 09 Feb 2009 -
Iran’s External Debt Fell To $23.3Bn By September 2008
...yments in the following four years: Year Debt Repayment ($Bn) 1387 (2008-09) 6.722 1388 (2009-10) 5.126 1389 (2010-11) 2.561 1390 (2011-12) 2.120 1391 (2012-13) onwards 6.775 Th...
Volume: 52Issue: 06Published at Mon, 09 Feb 2009 -
Saudi Fransi Finances Steel Project
...mpany has a paid-up capital of SR450mn ($120mn) and the project will attract total investments of some SR1.3bn ($346.7mn). Construction of the first phase of the project will start soon and production of some 1.5mn tons of various types of steel is expected in 2011. The steel plant will be built in th...
Volume: 52Issue: 06Published at Mon, 09 Feb 2009 -
Evaluation Of Onshore Awali Field Bids Expected By End-May
...ars until a price of $1.50/mn BTU is reached in April 2011. New customers have been charged $1.50/mn BTU since last year. The NOGA chairman said the new pricing structure would “result in additional revenues of $40mn per year to the government and lead to rationalizing consumption and encouraging co...
Volume: 51Issue: 06Published at Mon, 11 Feb 2008 -
NPC Secures €428Mn Funding To Build Two 300,000 T/Y Polyethylene Plants
...stern Ethylene Pipeline route at Lorestan and Mahabad, are scheduled for completion in 2011. Funding will mainly be provided by Iran’s Oil Stabilization Fund (OSF), with 30% to come from Iran’s Bank of Industry and Mines. NPC tendered for the projects in 2005 (MEES, 2 May 2005) and awarded the co...
Volume: 51Issue: 06Published at Mon, 11 Feb 2008 -
Qatar Further Consolidates Asian LNG Term Sales With Thailand’s PTT Deal
...ailand’s PTT Public Company. The LNG will be supplied into the Bangkok LNG terminal when it becomes operational in 2011, said Qatargas. The terminal will be capable of receiving the cargoes using the new Q-Flex and Q-Max class of vessels, Qatargas added. PTT will use the LNG to supply mainly power co...
Volume: 51Issue: 06Published at Mon, 11 Feb 2008 -
NIOC Signs Agreement With Shell And Repsol For South Pars 13-14 Feasibility Study
...ticipated in 2011-12. Another planned Iranian LNG project, the 10mn t/y Pars LNG scheme where Total is operator, has signed sales agreements for 3mn t/y each with PTT and PetroChina, with first deliveries due in 2011 (MEES, 11 December 2006). US Threatens Review Of South Pars 13-14 Deal With Regards To...
Volume: 50Issue: 06Published at Mon, 05 Feb 2007 -
Statement By The IMF Representative At The International Donors’ Conference For Lebanon, Paris 25 January 2007
...licy measures has been evaluated in a medium-term scenario by IMF staff. The scenario confirms the authorities' own estimate that fiscal adjustment, electricity sector reform, and the planned partial privatization could bring down the debt ratio to under 150% in 2011, from 188% in 2006. Most of the re...
Volume: 50Issue: 06Published at Mon, 05 Feb 2007