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DME Reports Average Of 3,000 Contracts/Day Traded In 1Q 2011
...Middle East Economic Survey VOL. LIV No 16 18-Apr-2011 DME Reports Average Of 3,000 Contracts/Day Traded In 1Q 2011 Average daily volumes (ADV) of trading on the Dubai Mercantile Exchange (DME) for DME Oman Crude Oil Futures Contract (DME Oman) stood through the first quarter of 2011...
Volume: 54Issue: 16Published at Mon, 18 Apr 2011 -
Crude Oil Formulas/Posted Prices
...Middle East Economic Survey VOL. LIV No 16 18-Apr-2011 Crude Oil Formulas/Posted Prices ($/B) Kuwait (+ / - Adjustment Factor; $/B) 2011 2010 May Apr Mar Feb Jan De...
Volume: 54Issue: 16Published at Mon, 18 Apr 2011 -
Turkey Grants Final South Stream Prospecting Permit To Gazprom
...gineering and design (FEED) which should be completed in late 2011 or early 2012. The final investment decision would then be taken in late 2012 or early 2013 in order to see gas flowing via the first 15 bcm/year branch of the pipeline system by late 2015. Moscow is considering an LNG amendment or/an...
Volume: 54Issue: 16Published at Mon, 18 Apr 2011 -
Egypt Allocates $3.36Bn For Electricity Sector In 2011-12
...Middle East Economic Survey VOL. LIV No 16 18-Apr-2011 EGYPT Egypt Allocates $3.36Bn For Electricity Sector In 2011-12 Egypt has allocated £E20bn ($3.36bn) for the electricity sector in fiscal year 2011-12 which starts on 1 July, Egyptian Minister of Electricity and Energy Hasan Yu...
Volume: 54Issue: 16Published at Mon, 18 Apr 2011 -
MENA Economies Recovering, But Face Policy Challenges, Says IMF
...Middle East Economic Survey VOL. LIV No 16 18-Apr-2011 REGIONAL MENA Economies Recovering, But Face Policy Challenges, Says IMF The MENA region weathered the global crisis relatively well and the recovery is now proceeding with GDP projected to grow at 4% in 2011 and about 4....
Volume: 54Issue: 16Published at Mon, 18 Apr 2011 -
Saudi Bank Share Prices Well Placed For 2011 Recovery, Jadwa Says
...Middle East Economic Survey VOL. LIV No 16 18-Apr-2011 SAUDI ARABIA Saudi Bank Share Prices Well Placed For 2011 Recovery, Jadwa Says After seeing large provisions for credit losses distort earnings in Saudi Arabia over the past three years, banks have now cleaned their loan po...
Volume: 54Issue: 16Published at Mon, 18 Apr 2011 -
Political Comment (18 April 2011)
...Middle East Economic Survey VOL. LIV No 16 18-Apr-2011 Political Comment (18 April 2011) As the military stalemate continues on the ground in Libya, the leaders of the US, Britain and France have committed themselves to removing Col Qadhafi from power. Syria is attributing do...
Volume: 54Issue: 16Published at Mon, 18 Apr 2011 -
IEF Statement: Extraordinary IEF Ministerial Meeting
...February 2011 in a historic Extraordinary IEF Ministerial Meeting to approve and sign the IEF Charter, discuss current and future energy marketsand celebrate the 20th anniversaryof the producer-consumer dialogue that started in 1991 in Paris, France. The IEF charter marks a new era of in...
Volume: 54Issue: 16Published at Mon, 18 Apr 2011 -
RWE Opens Office In Ashgabat, Moves Ahead With Offshore Block 23
...ll run 1,220km through the Baltic Sea to Griefswald, Germany. The dual pipeline will ultimately carry 55 bcm/year of gas. The first pipeline will carry 27.5 bcm/y beginning September 2011. The second pipeline will come into operation in October 2012 with the same volume. Gazprom holds 51%, Germany’s E....
Volume: 53Issue: 16Published at Mon, 19 Apr 2010 -
South Pars Output Up 28% Last Year
...te of 60%” by March 2011. He said that $1.6bn had been spent so far in taking the project to 30% of completion. South Pars 12 development is expected to cost $7.5bn. Design capacity is 78mn cmd of gas and 120,000 b/d of condensates....
Volume: 53Issue: 16Published at Mon, 19 Apr 2010 -
Jordan Signs $52Mn Loan With SFD
...pacity of 142mw each, due to come on line in early 2011. The loan will carry interest at 2% is repayable in 30 semi-annual installments after a grace period of five years. Last month the Kuwait Fund for Arab Economic Development (KFAED) agreed to provide KD15mn ($52mn) to Jordan to finance the Samra po...
Volume: 53Issue: 16Published at Mon, 19 Apr 2010 -
Block 24 Oil Production Due To Start This Month
...rch). Elsewhere in Block 9, Loon Lattakia (a subsidiary of Kulczyk Oil of Canada) plans to start drilling in 2011, the company’s vice-president for operations and engineering Edwin Bearman, told The Syria Report. “We will finish the 3D seismic survey by the end of next month. Depending on the findings of...
Volume: 53Issue: 16Published at Mon, 19 Apr 2010 -
Condensate Expansion East Of Suez Boosted By Increased Gas Development
...tlook, 2010-15 ('000 B/D) 2010 2011 2012 2013 2014 2015 Iran 624 686 729 783 807 873 Iraq 92 142 167 219 285 319 Kuwait 87 92 105 110 114 11...
Volume: 53Issue: 16Published at Mon, 19 Apr 2010 -
Concluding Statement Of The 12th International Energy Forum
...oking forward to the second NOC-IOC Forum in 2011, it was suggested to attempt to draw up IEF general principles or guidelines on NOC-IOC cooperation, based on best practices around the world, as a possible concrete tool to facilitate this cooperation. Where uncertainty is caused by industry’s pro-cy...
Volume: 53Issue: 16Published at Mon, 19 Apr 2010 -
GDF Suez Begins Negotiations To Join Nord Stream Gas Pipeline Consortium
...rkey’s move to join the EU. Nord Stream is expected to become operational by late 2011 and is currently owned by Gazprom (51%), BASF/Wintershall (20%), E.ON Ruhrgas (20%) and Gasunie (9%)....
Volume: 52Issue: 16Published at Mon, 20 Apr 2009 -
Political Comment (20 April 2009)
...ymond Odierno, remains confident that the US will complete its withdrawal from Iraq by the 31 December 2011 deadline set by President Obama. Speaking on CNN, Gen Odierno acknowledged that “there are still some elements that are able to conduct some very serious attacks,” but, when asked to grade on...
Volume: 52Issue: 16Published at Mon, 20 Apr 2009 -
Oman Becomes First Frontier In Gulf Battle For Difficult Oil And Gas
...ift. Last year PDO’s primary oil production was slightly higher than secondary, but by 2011, EOR will start to contribute. In 2016, this will account for one third, with primary and secondary also representing a third apiece (MEES, 18 February). “We have many EOR projects in th...
Volume: 51Issue: 16Published at Mon, 21 Apr 2008 -
Act To Avert Water Crisis, World Bank Urges Arab States, As Food Prices Soar
...hemes are under way across the region. In Algeria, the government is aggressively expanding the country’s desalination infrastructure, with the Ministry of Water Resources hoping to add 2.3mn cu ms/day to existing capacity by 2011. Like the Gulf countries, Algeria suffers from a lack of fresh water, bu...
Volume: 51Issue: 16Published at Mon, 21 Apr 2008 -
Uzbekistan, China Form Joint Venture For Trans-Asian Gas Pipeline
...ations KS2 and KS3 will be completed and go into operation by 31 December 2011. The project stems from an agreement between China and Turkmenistan that calls for the latter to supply 30 bcm/year of natural gas. Initially the deal called for China to begin receiving gas in 2009, but shipments are no...
Volume: 51Issue: 16Published at Mon, 21 Apr 2008 -
Ahmadinejad’s Economic Policies Draw Fresh Criticism From Deputies
...10-11) 1.901 1390 (2011-12) onwards 5.122 With the rise in oil prices to record levels, Iranian officials have estimated oil export revenue in the year ending March 2008 at $70bn. Foreign exchange reserves had risen to $78.5bn by 20 January, the CBI said in April. ...
Volume: 51Issue: 16Published at Mon, 21 Apr 2008