1. Popular Uprisings Rip Through Middle East

    ...oid rescheduling its debt. Foreign exchange reserves of the Central Bank of Egypt (CBE) fell by $1bn in January 2011 to $35bn from $36bn at end-December. According to the CBE Vice-Governor Hisham Ramiz, the fall was attributed to the repayment of $650mn to the Paris Club and to other due obligations of...

    Volume: 54
    Issue: 08
    Published at Mon, 21 Feb 2011
  2. Noble Energy Looks To Accelerate Cyprus Offshore Program

    ...tober 2011 and October 2013. Furthermore, Noble’s key partner in Israel, the Delek Group, holds an option to acquire a 30% stake in Block 12 depending on Cypriot government approval. Noble’s desire to get moving in Cyprus follows a proposal made last month by the Delek Group to the government of Cy...

    Volume: 54
    Issue: 08
    Published at Mon, 21 Feb 2011
  3. Egypt Project Finance Slowed By Unrest, Concerns Grow For Region

    ...onomic Commentary, APICORP warns: “We should expect unfolding events to affect both the size and cost of capital inflows.” This is worrisome given that it sees the capital required for Arab energy investments climbing to $430bn for 2011-15, up from $335bn in 2010-14 (see page 18).  The impact on pr...

    Volume: 54
    Issue: 08
    Published at Mon, 21 Feb 2011
  4. 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: 54
    Issue: 08
    Published at Mon, 21 Feb 2011
  5. 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: 54
    Issue: 08
    Published at Mon, 21 Feb 2011
  6. 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: 54
    Issue: 08
    Published at Mon, 21 Feb 2011
  7. 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: 54
    Issue: 08
    Published at Mon, 21 Feb 2011
  8. 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: 54
    Issue: 08
    Published at Mon, 21 Feb 2011
  9. 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: 54
    Issue: 08
    Published at Mon, 21 Feb 2011
  10. 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: 54
    Issue: 08
    Published at Mon, 21 Feb 2011
  11. 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: 54
    Issue: 08
    Published at Mon, 21 Feb 2011
  12. 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: 54
    Issue: 08
    Published at Mon, 21 Feb 2011