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Arab Fund Chief Pledges Continued Support In Wake Of Arab Spring
...velopment banks. At its launch during the French presidency of the G8 in May 2011, the Arab Fund agreed to provide $3.2bn in grants and concessionary loans to finance public and private sector projects in Tunisia, Egypt, Morocco and Jordan in 2012-13. Arab countries in transition need to correct sh...
Volume: 55Issue: 16Published at Mon, 16 Apr 2012 -
Libya And US Investigate Qadhafi-Era Oil Deals
...at some oil contracts “seem to have been influenced by Saif al-Islam al-Qadhafi,” referring to the former dictator’s son who is currently imprisoned awaiting trial. Eni, in its 2011 annual report (released 5 April) reveals that on 10 June 2011 it received a subpoena from the SEC for the “pr...
Volume: 55Issue: 16Published at Mon, 16 Apr 2012 -
Oman Relies On PDO And BP To Meet Gas Challenge
...d Water Procurement Company (OPWPC) in its Seven Year Outlook published on 31 March said total peak gas demand for the main national power network will grow from 580mn cfd in 2011 to 793mn cfd in 2018. A further 78mn cfd will be needed in the city of Salalah. US independent Oxy’s demand fo...
Volume: 55Issue: 16Published at Mon, 16 Apr 2012 -
Iran’s Inflation Hits 21.5% As Majlis Approves Budget Bill Outline
...te for the previous year 1389 ending on 20 March 2011 stood at 12.4%, after reaching a low of 8% in August 2010 (MEES, 11 April 2011). But the rate began to edge upward with the implementation of the economic reform bill in December 2010 and the gradual withdrawal of subsidies on goods and ut...
Volume: 55Issue: 16Published at Mon, 16 Apr 2012 -
OPEC Report Points To Tightening Fundamentals
...pan, OPEC revised its growth expectations for the world economy down by 0.1% to 3.9% in 2011. That said, while secondary effects of the Japanese crisis are yet to be incorporated due to a “lack of visibility,” the MOMR said that its forecasts for other economies worldwide remain largely unchanged fr...
Volume: 54Issue: 16Published at Mon, 18 Apr 2011 -
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 -
Iranian LNG Project Schedules Expected To Slip Further
...derstands that the first possible start-up date for Persian LNG might have slipped by a year. The Total-led Pars LNG project was until recently scheduled to start up in 2011, while Shell had expected Persian LNG exports would begin in 2011-12. Although Iran has repeatedly announced of late that Total an...
Volume: 50Issue: 16Published at Mon, 16 Apr 2007 -
MENA, China And India Dominate Proposals For Global Refining Capacity Expansion
...pacity On-stream Comments Algeria Tiaret 300 2011 New plant, bidding under way (MEES, 10 April). Egypt Port Said/Da...
Volume: 49Issue: 16Published at Mon, 17 Apr 2006