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Political Comment (14 February 2011)
...Middle East Economic Survey VOL. LIV No 7 14-Feb-2011 Political Comment (14 February 2011) President Husni Mubarak's refusal to step down has led Egypt to the brink of the abyss on Friday 11 February. The ongoing political crisis in Egypt has shredded relations between Wa...
Volume: 54Issue: 07Published at Mon, 14 Feb 2011 -
Egypt’s Economic Woes Compounding: There Is A True Need For Change
...oting the article: “The oil that Egypt exports provides funds for the subsidies that it offers, so reduced exports mean less funds are available for subsidies.” The article predicts that in 2011 Egypt will change from an oil exporting country to an oil importing country. The final outcome is th...
Volume: 54Issue: 07Published at Mon, 14 Feb 2011 -
Iraq’s Regions Look To Reap Rich Oil Dividend
...iji refinery, the focus is on improving product quality and gasoline output, rather than distillation capacity. There have been some delays. It had been hoped to boost gasoline output from 6,000 cmd (37,740 b/d) to 10,000 cmd (63,000 b/d) by mid-2010, but now this will only happen in 2011, Mr Sham'a sa...
Volume: 53Issue: 07Published at Mon, 15 Feb 2010 -
Gulf Bond Issuers Spooked By Greek Debt Woes
...anwhile, a public debt office being set up by the UAE’s Ministry of Finance is not expected to sell bonds until 2011. Abu Dhabi could go ahead and launch bonds, but anything outside of its remit would have a difficult passage, said market observers. “Dubai will have to a lot of work to do to get back the tr...
Volume: 53Issue: 07Published at Mon, 15 Feb 2010 -
EIA Sees Improving Global Oil Outlook In 2010-11
...Middle East Economic Survey VOL. LIII No 7 15-Feb-2010 EIA Sees Improving Global Oil Outlook In 2010-11 The Energy Information Administration (EIA) of the US Department of Energy said the world oil market “should gradually tighten in 2010 and 2011, as the global economic recovery co...
Volume: 53Issue: 07Published at Mon, 15 Feb 2010 -
EIA Sees Improving Global Oil Outlook In 2010-11
...Middle East Economic Survey VOL. LIII No 7 15-Feb-2010 2010 A Bridge Between 2009 Demand And 2011 Supply, Says Barclays Capital 2010 is expected by Barclays Capital to be a bridging year between demand-side weakness of 2009 and supply-side tightness in 2011. In its Global Energy Ou...
Volume: 53Issue: 07Published at Mon, 15 Feb 2010 -
Technip Wins Midor Coking Unit Contract, But Egypt’s New Refinery Plans Stall
...nuary). The new facilities at Musturud, which will produce 2.2mn tons/year of diesel and 700,000 t/y of high octane gasoline, were originally due on-stream in 2011, but this date is now expected to slip. For some years, Egypt has been seeking to exploit its strategic geographical location between Eu...
Volume: 52Issue: 07Published at Mon, 16 Feb 2009 -
EGL, Statoil Form Trans Adriatic Gas Pipeline Joint Venture
...pacity of the pipeline will be 10 bcm/year with an option to expand later to 20 bcm/y. The cost of the project is put initially at €1.5bn. EGL said implementation of the TAP project was subject to a final investment decision in the second half of 2009. The pipeline could come into operation in 2011. It...
Volume: 51Issue: 07Published at Mon, 18 Feb 2008 -
PDO To Reverse Oil Output Declines By 2008 Amid Mounting Recovery Challenges
...ood programs at several fields including Marmul. “The next few years will be challenging years for PDO but we have plenty of projects in the pipeline that have been approved and financed by our shareholders and things are looking up. Post 2011, you are really going to see the effect of the EOR pr...
Volume: 50Issue: 07Published at Mon, 12 Feb 2007 -
Multiple Iranian LNG Projects A Result Of Politics, Not Practicality
...ch for 3mn tons/year of LNG, with deliveries scheduled to begin in 2011. However, MEES understands that outside POGC, the Pars LNG project is not thought likely to reach the FID stage at any point soon, even though this project is seen as being ahead of the field in terms of technical de...
Volume: 50Issue: 07Published at Mon, 12 Feb 2007 -
Daelim, IRGC Awarded Contract To Construct LNG, LPG Storage Facilities
...rst LNG until 2011 at the earliest....
Volume: 50Issue: 07Published at Mon, 12 Feb 2007 -
Kahramaa Boosts Budget For 2007 By 71% To Meet Surging Power, Water Demand
...e previous year with water purchasing up 16%. The company recorded that peak demand had risen by 18% in the year. Kahramaa reiterated scheduled completion dates for major power and water projects already under way: Ras Laffan C to produce 2,600mw by June 2011; Ras Abu Fo...
Volume: 50Issue: 07Published at Mon, 12 Feb 2007 -
Belgium’s Jan De Nul Wins Manifa Dredging Contract
...oduction by 2011. The dredging work is due to be complete in 2009. As well as the shallow water drilling, the project will comprise onshore oil and gas facilities as well as deeper-water offshore drilling facilities. In addition to oil, the project will produce 120mn cfd of associated gas, which will be...
Volume: 50Issue: 07Published at Mon, 12 Feb 2007 -
Yemen Should Adopt Floating Exchange Rate To Counter Declining Oil Production, Says IMF
...kely to become a net fuel importer by 2011, and to fully exhaust its reserves of crude oil by 2018, stated the IMF working paper. ...
Volume: 50Issue: 07Published at Mon, 12 Feb 2007