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Iraq’s Oil And Gas Production And Export: Politics, Security And Challenges
...IRAQ Iraq’s Oil And Gas Production And Export: Politics, Security And Challenges By Thamir Uqaili Dr Uqaili is an exploration and production consultant. This article is an update of Dr Uqaili’s ‘One Hundred Days In The Iraqi Oil Industry’ (MEES, 27 June 2011...
Volume: 55Issue: 11Published at Mon, 12 Mar 2012 -
New Egyptian Cabinet Struggles To Stabilize Economy
...serves, also preventing fluctuations in Egypt’s net international reserve balance,” he added. The CBE January 2011 Monthly Statistical Bulletin says that this account totaled $9.0376bn in November last year, the latest month for which figures are available, which was down from October’s $9.8579bn. Fo...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
OPEC Supply Surge Fails To Dampen Prices
...r instance at OPEC’s Isfahan meeting in March 2005 and in the quelling of the 2008 price surge with the Jiddah energy summit (MEES, 16 June 2008), Saudi Arabia has steam-rollered objections from fellow members to bring down prices. OPEC Crude Oil Production February 2010 - February 2011 (ME...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
EIA Says MENA Unrest Will Further Tighten Oil Market
...30 years, the Outlook said, adding that this growth more than offset the reductions in demand during the prior two years and surpassed 2007 demand of 86.3mn b/d. The EIA forecast that demand would grow by 1.5mn b/d in 2011 and by 1.7mn b/d in 2012. It said non-OECD countries would make up al...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
China’s Crude Oil Imports Down 8.5% In February
...Middle East Economic Survey VOL. LIV No 11 14-Mar-2011 China’s Crude Oil Imports Down 8.5% In February China’s crude oil imports totaled 19.95mn tons (5.2mn b/d) during February 2011, according to data released by China’s General Administration for Customs. The February volume is...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
Saudi Crude Oil Prices Increased To Asia And Europe, Lowered For US
...us $0.30-0.45/B in early March, compared to ADNOC minus $0.10-0.15/B in mid-February. The formulas for April 2011 and the previous 12 months for deliveries to the US, Europe and the Far East – on an FOB Saudi Arabia basis, 50 days after B/L for the US, 40 days after B/L for NW Europe, and B/L da...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
Crude Oil Formulas/Posted Prices
...Middle East Economic Survey VOL. LIV No 11 14-Mar-2011 Crude Oil Formulas/Posted Prices ($/B) Iran (+ / - Adjustment Factor; $/B) 2011 2010 Apr Mar Feb Jan Dec Nov Oct Se...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
CBB Treasury Bills Oversubscribed Despite Bahraini Unrest
...rrying a maturity of 182 days, this quarter’s BD50mn ($133mn) issue carrying a maturity of 12 months and last week’s BD25mn ($66mn) issue carrying a maturity of 91 days – were oversubscribed by 250%, 211% and 282% respectively. The issue date of the monthly bills is 13 March 2011 and the maturity date is...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
Turkmen Energy Minister Predicts Hike In Gas Reserves
...Middle East Economic Survey VOL. LIV No 11 14-Mar-2011 CASPIAN Turkmen Energy Minister Predicts Hike In Gas Reserves Turkmenistan’s oil and gas minister Bayramgeldi Nedirov told delegates at the 2011 Turkmenistan oil and gas road show in Singapore on 4 March that the co...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
Iran Announces Plan To Issue Islamic Bonds
...e government is set to issue sukuk in the coming Iranian year (21 March 2011 – 20 March 2012) for the National Iranian Oil Refining and Distribution Company (NIORDC), the National Iranian Gas Company (NIGC), the National Iranian Oil Company (NIOC) and the National Petrochemical Company (NPC). In...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
Iran’s Inflation Rate Rises To 11.6% In February
...e reduction in subsidies of IR200 trillion ($19bn), rising to IR600 trillion ($58bn) in 2011-12. According to the draft budget bill for 2011-12, 50% of the increased revenue will be paid back in the form of cash handouts to people, 30% will go to the manufacturing industry and 20% will be kept by...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
Jordan Freezes Some Petroleum Product Prices Until End-March
...ices. Mr Malaqi added that the government has instructed the Ministry of Finance to allocate a sum of around JD30mn ($42.3mn) to cover the subsidies in March. Product Prices Effective 4 March 2011 (Fils/Liter, Unless Otherwise Stated) 2011 20...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
Moody’s Sees ‘Moderate Pressure’ On GCC Corporates In 2011
...Middle East Economic Survey VOL. LIV No 11 14-Mar-2011 REGIONAL Moody’s Sees ‘Moderate Pressure’ On GCC Corporates In 2011 The downward ratings trend among GCC corporates in 2009-10 has abated, but moderate pressure is likely to continue in 2011, said Moody’s Investors Se...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
UAE Economic Recovery Gaining Momentum, IMF Says
...e IMF said at the conclusion of its mission to conduct discussions for Article IV consultation. Whereas overall growth in the world’s third largest oil exporter is projected to remain unchanged at 3.25% in 2011, non-oil GDP is forecast to grow from the 2% seen in 2010 to 3.25% this year, re...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
UAE Growth Rate Expected At 3.3% In 2011, Says Samba
...Middle East Economic Survey VOL. LIV No 11 14-Mar-2011 UAE UAE Growth Rate Expected At 3.3% In 2011, Says Samba The UAE economy underwent a modest recovery in 2010 with overall GDP growth estimated at 1.5%, and growth is expected to pick up to 3.3% this year, according to Sa...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
Political Comment (14 March 2011)
...Middle East Economic Survey VOL. LIV No 11 14-Mar-2011 Political Comment (14 March 2011) France has chosen to recognize the Libyan insurgents just as the tide of battle may be turning against them. Yemeni President 'Ali 'Abd Allah Salih continues to insist on serving his full te...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
Fiscal Break-Even Prices: What More Could They Tell Us About OPEC Policy Behavior?
...ICORP). It is published concurrently in APICORP’s Economic Commentary dated March 2011. The views expressed are those of the author only. Comments and feedback may be sent to: aaissaoui@apicorp-arabia.com. As markets currently operate, oil producers’ fiscal policies are unarguably not a key de...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
Iraq’s Oil Revenue Projected At $48Bn In 2010 Budget
...conservative oil price assumptions, the external current account and the overall balance of payments are expected to remain in deficit in 2010 and 2011. At the same time Iraq’s fiscal position is projected to record significant but declining deficits in both these years, before returning to su...
Volume: 53Issue: 11Published at Mon, 15 Mar 2010 -
MEES Agenda: Bahrain Pushes Ahead With Oil And Gas Development
...be made at year-end or in early 2011. Assessment work continues on whether it should be a floating LNG regasification facility, along the lines of Kuwait’s floating LNG import unit, or a fixed plant. Shell has set up a large Dubai-based trading operation, in part to service these types of deals. Th...
Volume: 53Issue: 11Published at Mon, 15 Mar 2010 -
EIA Boosts 2010 Demand Forecast To 1.5Mn B/D On Expected Economic Growth
...is spring, rising to an average of about $82/B by the end of the year and to $85/B by the end of 2011.” The EIA said it does not expect OPEC to change its production target of 24.845mn b/d during its mid-March ministerial meeting and added that it expects to see a slight decrease in OPEC surplus cr...
Volume: 53Issue: 11Published at Mon, 15 Mar 2010