- Sort by:
- Score
- Published ▼
-
Wael Sawan Appointed Chairman Of Qatar Shell
...dition to the Pearl project, the largest plant of its kind in the world, Shell holds a 30% interest stake in Qatargas 4 and has signed last December a deal with Qatar Petroleum to develop a $6.5bn petrochemical complex in Ras Laffan industrial city (MEES, 12 December 2011). ...
Volume: 55Issue: 10Published at Mon, 05 Mar 2012 -
EU Sanctions Now Target Syrian Central Bank
...is allowed these banks to report good profits for 2011, but these profits masked lowering operating income and a fall in the value of bank assets. The Syrian currency has continued its slide against major foreign currencies and reserves, which stood at $18bn in March 2011, are gradually being eroded, fa...
Volume: 55Issue: 10Published at Mon, 05 Mar 2012 -
INA Suspends Operations In Syria
...cision of 23 February to implement the EU Council decision to adopt restrictive measures against the Syrian Arab Republic issued on 1 December 2011. The statement noted that INA delivered the force majeure notice to the state-owned General Petroleum Corporation (GPC) related to the production sharing ag...
Volume: 55Issue: 10Published at Mon, 05 Mar 2012 -
TAQA Taps Malaysia Investors Via $215Mn Ringgit Issue
...oup of asset management companies and Islamic investors, said TAQA. Standard Chartered Saadiq Berhad acted as the lead arranger in this transaction. The Sukuk are rated AA1 by Malaysia’s RAM Ratings, and had been given a provisional A3 from Moody’s Investors Service (MEES, 10 October 2011). Bo...
Volume: 55Issue: 10Published at Mon, 05 Mar 2012 -
Iraq: Does Distribution Of Some Oil Revenues Among Citizens Help?
...aq, January 2011. Central Bank of Iraq, Annual Economic Reports for the years 2007-10. The “fantasy” of distributing oil revenues in cash among the Iraqis initiated immediately after the occupation in 2003 by some foreign concerns which were interested in the pr...
Volume: 55Issue: 10Published at Mon, 05 Mar 2012 -
Mitschek: Nabucco Project’s Key Aim Is Supply Security
...ace in Baku to intensify the dialogue for the conclusion of gas supply contracts. These are expected to be finalized in the course of 2011. Q: Would the 10 bcm/y of Shah Deniz Phase 2 gas suffice to make a 31 bcm/y project financially viable? A: The 10 bcm/y from Shah Deniz 2 would be a start fo...
Volume: 54Issue: 10Published at Mon, 07 Mar 2011 -
Japanese Crude Oil Imports Down Slightly During January 2011
...Middle East Economic Survey VOL. LIV No 10 7-Mar-2011 Japanese Crude Oil Imports Down Slightly During January 2011 Japanese crude oil imports averaged 4.015mn b/d in January 2011, down by 1.85 from 4.091mn b/d in December 2010, according to monthly import data released by Japan’s Mi...
Volume: 54Issue: 10Published at Mon, 07 Mar 2011 -
Saudi Aramco Leaves Propane Price Unchanged For March, Butane Up By $50/Ton
...Change Propane Butane Change Propane Butane Change Propane Butane 2009 1 Jan 380.00 380.00 2010 1 Jan 740.00 735.00 2011 1 Jan 93...
Volume: 54Issue: 10Published at Mon, 07 Mar 2011 -
Crude Oil Formulas/Posted Prices
...Middle East Economic Survey VOL. LIV No 10 7-Mar-2011 Crude Oil Formulas/Posted Prices ($/B) Abu Dhabi ($/B) 2011 2010 Feb Jan Dec Nov Oct Sep Aug Jul Ju...
Volume: 54Issue: 10Published at Mon, 07 Mar 2011 -
Nazarbayev To Offer KMG EP Shares To Kazakh Nationals
...d serve as an instrument for investment and savings.” On 11 February Mr Nazarbayev told his government to prepare IPOs offerings by the end of 2011 not only for KMG – 5% of equity in its exploration and production subsidiary KMG EP is to be floated on the Astana Stock Exchange in 2011, and is ex...
Volume: 54Issue: 10Published at Mon, 07 Mar 2011 -
Turkmenistan And China Sign Preliminary Deal For Expansion Of Gas Exports
...eld. The agreement will be finalized within the second half of this year, according to China’s National Development and Reform Commission. China imported around 6 bcm of Turkmen gas via the Central Asian pipeline in 2010 and is looking to boost imports to 15 bcm in 2011 and 20 bcm in 2012....
Volume: 54Issue: 10Published at Mon, 07 Mar 2011 -
Cyprus Ratifies Delimitation Agreement With Israel
...pected to begin before the end of 2011 in Cyprus’s Block 12, which lies near the recent Leviathan discovery made in Israel’s EEZ by Houston-based Noble Energy (MEES, 21 February)....
Volume: 54Issue: 10Published at Mon, 07 Mar 2011 -
Iraqi Parliament Approves Record 2011 Budget Based On $76.50/B Oil Price
...Middle East Economic Survey VOL. LIV No 10 7-Mar-2011 IRAQ Iraqi Parliament Approves Record 2011 Budget Based On $76.50/B Oil Price The Iraqi parliament on 20 February gave the final green light to the 2011 draft budget after several unsuccessful attempts that necessitated the re...
Volume: 54Issue: 10Published at Mon, 07 Mar 2011 -
Transparency Improving, But Bolder Anti-Corruption Actions Still Needed, Says TI
...ould take bolder actions to stop corruption, according to the 2011 Report on Oil and Gas Companies by Transparency International (TI) and Revenue Watch Institute (RWI). “It is good news that transparency is improving, but too few companies publish what they pay governments in each country where th...
Volume: 54Issue: 10Published at Mon, 07 Mar 2011 -
Saudi Economic Fundamentals Positive Despite Regional Turmoil, Says Samba
...mestic financial markets, said Samba in its February 2011 Economic Monitor. Preliminary figures released by the Ministry of Finance show that the Saudi economy grew by 3.8% in real terms in 2010, up from 0.6% in 2009. The government sector grew by 5.9%, while the private sector expanded by 3.7%. “The ye...
Volume: 54Issue: 10Published at Mon, 07 Mar 2011 -
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: 54Issue: 10Published at Mon, 07 Mar 2011 -
Libya’s Hydrocarbon Revenue Projected At $40Bn In 2010 Budget
...ar development plan for 2010-12, with a total outlay of LD84,043mn ($66,701mn). Yearly allocations under the plan, which is included in the budget law, consist of LD29,348mn ($23,292mn) for 2010, LD27,705bn ($21,988mn) for 2011 and LD26,991bn ($21,421mn) for 2012. Libya Opens Door To Foreign Banks Th...
Volume: 53Issue: 10Published at Mon, 08 Mar 2010 -
MENA Defense Spending Declines As Percentage Of GDP, Says IISS
...er the previous decade, with payments increasing to $3.1bn annually by 2011. However, continuing tensions between the government and the Israeli Defense Force (IDF) in the face of the global economic crisis saw a compromise reached whereby the government’s defense expenditure was cut by 2% in 20...
Volume: 53Issue: 10Published at Mon, 08 Mar 2010 -
Morocco Mildly Impacted By Global Financial Crisis, Says IMF
...ans to return to fiscal consolidation beginning in 2011. “This will be important to stabilize the public debt-to-GDP ratio, preserve low borrowing costs in the economy, and facilitate the implementation of monetary policy,” the IMF said....
Volume: 53Issue: 10Published at Mon, 08 Mar 2010 -
Saudi Aramco Looks To Gulf Offshore For Gas Boost
...celerated”, allowing for some production to come on stream in October 2011, but the majority of the gas capacity is not likely to be on stream before 2012. According to last year’s Annual Review, Saudi Aramco’s total raw gas output will be boosted from 8bn cfd in 2007 to 13bn cfd by end-2011 (MEES, 2 Ju...
Volume: 52Issue: 10Published at Mon, 09 Mar 2009