1. MENA Turmoil Continues To Batter Financial Markets

    ...t. After unrest in Tunisia, but prior to the Bahrain protests, King Hamad bin Isa Al Khalifa had already instructed the government to disburse BD1,000 ($2,600) to each of Bahrain’s 136,000 households, and increased social spending in excess of its 2011 budget allocation. Moody’s also placed Ba...

    Volume: 54
    Issue: 09
    Published at Mon, 28 Feb 2011
  2. Iran Announces Expansionary 2011-12 Budget With Oil Price Of $80/B

    ...Middle East Economic Survey VOL. LIV No 9 28-Feb-2011 Iran Announces Expansionary 2011-12 Budget With Oil Price Of $80/B Iranian President Mahmoud Ahmadinejad on 20 February presented to the Majlis (parliament) an expansionary draft budget for the Iranian year 1390 (starting on 21...

    Volume: 54
    Issue: 09
    Published at Mon, 28 Feb 2011
  3. Doubts Gather Over Gulf Petrochemical Plans

    ...mand for ethane-based feedstock will come from QAPCO’s 700,000 t/y low density polyethylene (LDPE) plant, due to start up at the end of 2011. By 2015 Qatar expects to have on stream two new major sources of ethane. Shell’s $18-19bn, 140,000 b/d capacity Pearl gas-to-liquids (GTL) plant will al...

    Volume: 54
    Issue: 09
    Published at Mon, 28 Feb 2011
  4. WTI Climbs Through Week, Brent Nears $120/B As Libya Violence Dominates Market

    ...l continues through 2011 it will create the same level of crisis as in 2008. But he added: “Our message to the market is: don’t panic. OPEC has spare capacity of 5mn b/d, unlike 2008 when it was only 2mn b/d.” The following day, while still in Riyadh, Mr Tanaka said the IEA would rely on OPEC to me...

    Volume: 54
    Issue: 09
    Published at Mon, 28 Feb 2011
  5. CGES Reiterates Need For Higher OPEC Output, Says Market Out Of Balance

    ...s always been slower to act to stop prices from rising than it has been to prevent them failing.” CGES Global Supply/Demand Balance (Mn B/D) 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 2009 2010 2011 World Oil De...

    Volume: 54
    Issue: 09
    Published at Mon, 28 Feb 2011
  6. Crude Oil Formulas/Posted Prices

    ...Middle East Economic Survey VOL. LIV No 9 28-Feb-2011 Crude Oil Formulas/Posted Prices ($/B) Algeria (Dated Brent + / - Adjustment Factor; $/B)               2011 2010 Mar Feb Jan Dec No...

    Volume: 54
    Issue: 09
    Published at Mon, 28 Feb 2011
  7. Gazprom Expects South Stream Pipeline Completion In 2015

    ...nsortium, which has been pending since June 2010. Mr Miller said that he was confident of the French company’s participation and expected the final documents to be signed “by late 2011.” In an interview published last week by European Energy Review, South Stream CEO Marcel Kramer said: “To me that is al...

    Volume: 54
    Issue: 09
    Published at Mon, 28 Feb 2011
  8. Egypt Stock Market Stays Shut As MENA Stocks Tumble

    ...ar, but now has been extended until the end of calendar 2011. This is to ensure supply of vital food stuffs – to avoid shortages and to avoid inflationary pressures, commented Mr Rahmy....

    Volume: 54
    Issue: 09
    Published at Mon, 28 Feb 2011
  9. Regional Unrest Spreads, Concerns Raised Over Saudi Arabia

    ...ipping manager at Yemen LNG, as saying. Overall Yemen LNG sales to Asia in 2011 should rise to 57 cargoes from 43 cargoes last year with 44 going to South Korea, Mr Cave added. Oman’s Peaceful Protest About 300 people in Muscat demanded political reforms and better pay in a peaceful protest in Om...

    Volume: 54
    Issue: 09
    Published at Mon, 28 Feb 2011
  10. Political Comment (28 February 2011)

    ...Middle East Economic Survey VOL. LIV No 9 28-Feb-2011 Political Comment (28 February 2011) The internet intifada has reached Libya, where by the end of the week Col Qadhafi was defiantly fighting a rearguard action against a violent uprising. The Americans have taken the lead in tr...

    Volume: 54
    Issue: 09
    Published at Mon, 28 Feb 2011