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China’s Crude Oil Imports Total 21.8Mn Tons In January 2011
...Middle East Economic Survey VOL. LIV No 8 21-Feb-2011 China’s Crude Oil Imports Total 21.8Mn Tons In January 2011 China’s crude oil imports totaled 21.80mn tons (5.13mn b/d) during January 2011, according to data released by China’s General Administration for Customs. The January vo...
Volume: 54Issue: 08Published at Mon, 21 Feb 2011 -
Crude Oil Formulas/Posted Prices
...Middle East Economic Survey VOL. LIV No 8 21-Feb-2011 Crude Oil Formulas/Posted Prices ($/B) Iran (+ / - Adjustment Factor; $/B) 2011 2010 Mar Feb Jan Dec Nov Oct Sep Aug Ju...
Volume: 54Issue: 08Published at Mon, 21 Feb 2011 -
Ukraine Begins Supply Of Azeri Crude To Belarus
...0,000 b/d capacity Odessa-Brody pipeline, under an agreement signed last month with Azerbaijan’s state firm Socar. The agreement calls for the supply of up to 4mn tons of oil in 2011, with Azeri crude arriving at Odessa in tankers (MEES, 7 February). UkrTransNafta announced on 14 February that it is al...
Volume: 54Issue: 08Published at Mon, 21 Feb 2011 -
QCB Orders Conventional Banks To Stop Offering Islamic Banking Services
...structions prohibit Qatari commercial banks from extending new Shari'a compliant loans and require that they repay all Islamic deposits as they come due. Since most deposits are typically short term, they will be repaid by the end of 2011. QCB’s directive does not indicate whether the conventional ba...
Volume: 54Issue: 08Published at Mon, 21 Feb 2011 -
QAPCO Awards Mesaieed Ethylene Plant Expansion Contract To Shaw Group
...cklog of unfilled orders in the second quarter of fiscal year 2011. In 2010, Shaw announced full commercial operation of a grassroots 1.32mn t/y ethylene plant in al-Jubail, Saudi Arabia, for Eastern Petrochemical Company (SHARQ)....
Volume: 54Issue: 08Published at Mon, 21 Feb 2011 -
APICORP Puts Arab Energy Investment At $430Bn In 2011-15
...Middle East Economic Survey VOL. LIV No 8 21-Feb-2011 REGIONAL APICORP Puts Arab Energy Investment At $430Bn In 2011-15 Arab energy capital requirements will continue to recover from the contraction that occurred during the global economic crisis, climbing to $430bn in 2011-15 fr...
Volume: 54Issue: 08Published at Mon, 21 Feb 2011 -
Arab Power Generation Capacity Projected To Grow By 7.7% In 2011-15, Says APICORP
...Middle East Economic Survey VOL. LIV No 8 21-Feb-2011 REGIONAL Arab Power Generation Capacity Projected To Grow By 7.7% In 2011-15, Says APICORP Power generation capacity is projected to grow at a relatively subdued rate of 7.7% for the period 2011‐15, resulting in an ad...
Volume: 54Issue: 08Published at Mon, 21 Feb 2011 -
Middle East M&A Activity Expected To Grow 20% In 2011
...Middle East Economic Survey VOL. LIV No 8 21-Feb-2011 REGIONAL Middle East M&A Activity Expected To Grow 20% In 2011 Mergers and acquisitions (M&A) activity in the Middle East is set to rise by 20% in 2011 relative to last year, in spite of lingering concerns over buyers and se...
Volume: 54Issue: 08Published at Mon, 21 Feb 2011 -
Political Comment (21 February 2011)
...Middle East Economic Survey VOL. LIV No 8 21-Feb-2011 Political Comment (21 February 2011) People power has toppled Egyptian President Husni Mubarak and has ignited opposition protests across the Arab world, although it is hard to say whether these are aftershocks or the pr...
Volume: 54Issue: 08Published at Mon, 21 Feb 2011 -
Abu Dhabi’s ADCO Targets 1.8Mn B/D Oil Capacity
...heduled for 2011 start-up, will now come on stream in 2015. Zadco is also looking to boost capacity at its Satah field by around 10,000 b/d to 25,000 b/d by 2013. Meanwhile Abu Dhabi’s other offshore operator, ADMA-OPCO, is looking at expansion at its Umm al-Lulu field and has also studied a major ca...
Volume: 53Issue: 08Published at Mon, 22 Feb 2010 -
GCC Electricity Grid Connection On Track, Bahrain’s EWA Says
...Middle East Economic Survey VOL. LIII No 8 22-Feb-2010 REGIONAL GCC Electricity Grid Connection On Track, Bahrain’s EWA Says The UAE is on track to connect to the GCC power grid by early 2011, with Oman to follow, 'Abd al-Majid al-'Awadhi, CEO of Bahrain’s El...
Volume: 53Issue: 08Published at Mon, 22 Feb 2010 -
Jadwa Sees Government Spending Pushing Saudi Economic Growth In 2010
...ill in place, Saudi interest rates will thus remain low. “For the moment very low interest rates are also appropriate in Saudi Arabia, as they are an important condition for the revival of bank lending,” said Jadwa. Jadwa expects the global economy to pick up in 2011, especially in Asia’s em...
Volume: 53Issue: 08Published at Mon, 22 Feb 2010 -
Declining Oil Revenues A Challenge To Yemen’s 2010 Budget
...scription 2010 2009 Change 2011P* 2012P* Total Revenue 1,520,412 1,537,168 -1.1 1,465,848 1,517,546 Foreign Borrowing 63,331 82,330 -23...
Volume: 53Issue: 08Published at Mon, 22 Feb 2010 -
Petrovietnam And Partners Form JV To Develop Blocks 433a/416b, Target 21,000 B/D In 2011
...Middle East Economic Survey VOL. LII No 8 23-Feb-2009 ALGERIA Petrovietnam And Partners Form JV To Develop Blocks 433a/416b, Target 21,000 B/D In 2011 Petrovietnam and its partners on Blocks 433a/416b in eastern Algeria agreed on 10 February to form a joint venture to develop th...
Volume: 52Issue: 08Published at Mon, 23 Feb 2009 -
Lukewarm Response To Privatization Of Bank Mellat
...thin 2009-10 and a further 60% by 21 March 2011. A senior member of the Iranian Privatization Organization (IPO), Fathali Khosdin, who is overseeing the process, told the press “we have been seeking this for a long time as this gives a free hand to the bank. Under the present structure, we have re...
Volume: 52Issue: 08Published at Mon, 23 Feb 2009 -
UAE Faces Gas Crisis
...ms to boost crude production capacity from 2.8mn b/d to 3.5mn b/d by 2012-15. But serious gas increments will only start to arrive in 2012. And observers of the UAE energy scene view 2011 as a potential crisis year. The first increment is the 1bn cfd Shah ultra-sour gas development, which will pr...
Volume: 51Issue: 08Published at Mon, 25 Feb 2008 -
Yemen Accelerates Upstream Efforts As Oil Production Falls
...meni government.” Nexen’s PSA on Block 14 (Masila Block, operator, 52%) ends in 2011 (with a possibility for a five-year extension) and setting in place the EOR technology would take two-to-three years in itself. Only if the existing PSA is extended will it make sense to use EOR, Mr Mawhinney said, wi...
Volume: 51Issue: 08Published at Mon, 25 Feb 2008 -
Bouteflika Pledges Energy Cooperation With Russia On State Visit To Moscow
...vested… $60mn and have already discovered two oil deposits that are due to produce above 60,000 b/d by 2011.” The two Russian firms won the exploration rights to Block 245 South in 2000, in partnership with Sonatrach which holds a 40% interest, and have since made a number of oil and gas discoveries th...
Volume: 51Issue: 08Published at Mon, 25 Feb 2008 -
Pathfinder Banks Appointed For Musturud Refinery Financing
...troleum Corporation (EGPC). It will start up in 2011 producing 2.2mn tons/year of diesel and 700,000 t/y of high octane gasoline....
Volume: 51Issue: 08Published at Mon, 25 Feb 2008 -
Oil Supply Will Marginally Outpace Demand Growth To 2011, Says IEA
...Middle East Economic Survey VOL. L No 8 19-Feb-2007 Oil Supply Will Marginally Outpace Demand Growth To 2011, Says IEA Worldwide oil supplies will ma...
Volume: 50Issue: 08Published at Mon, 19 Feb 2007