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Kurds Poised For Oil Boom, Amid Looming Political Turmoil
...erator 2011 Average Production Current Production March 2013 End-2013 Tawke DNO 52 50 10...
Volume: 55Issue: 11Published at Mon, 12 Mar 2012 -
Korean Group Wins Abu Dhabi Oil Deal As ADCO Concession Nears Expiry
...elds comprise one offshore in Area 3 and two onshore in Areas 1 and 2. The UAE government had previously said it expected the deal to be closed by the end of 2011 (MEES 26 September 2011). State-owned Abu Dhabi National Oil Company (ADNOC) holds 60% in the projects, which require a total of $5bn in...
Volume: 55Issue: 11Published at Mon, 12 Mar 2012 -
Libya Crisis Hits Companies’ Bottom Lines
...LIBYA Libya Crisis Hits Companies’ Bottom Lines Libya’s 2011 political upheavals have had significant material impacts on the net profit of all of the foreign oil companies producing in the country. All eight of the top foreign producers in Libya saw their overall production fa...
Volume: 55Issue: 11Published at Mon, 12 Mar 2012 -
ITGI Transformation Into South Stream Branch Gains Momentum
...s markedly improved since June 2011. Regardless of the “clouds” that existed over the proposed Burgas-Alexandroupolis oil pipeline, Moscow has been convinced, primarily thanks to the efforts of Junior Energy Minister Yannis Maniatis, that Greece supported the pipeline option whereas Gazprom always sp...
Volume: 55Issue: 11Published at Mon, 12 Mar 2012 -
Bahrain Banking System Resilient To Crises, Says CBB Governor
...ntinue. Moody’s Investors Service has kept its negative outlook on the Bahraini banking system since reaffirming it in October last year, citing the unrest and its ramifications (MEES, 7 November 2011). But Mr Maraj believes that many have exaggerated the impact of the political situation on the banking se...
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 -
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 -
MENA Defense Spending Remained At High Levels In 2007, IISS Report Shows
...arches must be in coordination with the Iraqi government; US forces would withdraw from Iraqi cities and towns to specified bases by 30 June 2009; and that US forces will have to complete their final withdrawal from Iraq by 31 December 2011. Several factors contributed to the improving security co...
Volume: 52Issue: 11Published at Mon, 16 Mar 2009 -
Caspian And Central Asian Export Pipelines Assume Aura Of Most Serious Game
...13 Azerbaijan, Middle East 2 AMBO Bulgaria-Macedonia-Albania 900 750,000-900,000 B/D $1.2-1.5bn 2011 Caspian, Russia 3 BAPline Burgas, Bulgaria-Alexandroupolis, Greece 279 70...
Volume: 51Issue: 11Published at Mon, 17 Mar 2008 -
Egypt Aiming To Double Gas Exports, Add 30 TCF Gas Reserves By 2011, Says Fahmy
...Middle East Economic Survey VOL. XLIX No 11 13-March-2006 EGYPT Egypt Aiming To Double Gas Exports, Add 30 TCF Gas Reserves By 2011, Says Fahmy Egypt aims to double gas exports – through expansion of its two LNG plants and increasing sales through the Arab Gas Pipeline (AG...
Volume: 49Issue: 11Published at Mon, 13 Mar 2006