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KACARE Outlines Saudi Electricity Energy Source Scenario
...d-2022. In June 2011 KACARE said it plans to build 16 nuclear power plants at an expected cost of more than SR300bn ($80bn). The World Nuclear Association (WNA) says that Riyadh has already set up a national atomic regulatory authority. It adds that “a nuclear cooperation agreement with France in early 2011...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
Syria: At The Crossroads
...sponding on behalf of the president and want to offer a prompt response to your question: ‘Has the Asad regime - or Syrian elements associated with, or supported by, the Asad regime - used chemical weapons in Syria since the current conflict began in March 2011? ...Our intelligence community does as...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
Syria Estimates Oil Industry Losses At $8.1Bn
... SYRIA Syria Estimates Oil Industry Losses At $8.1Bn Between the beginning of the uprising in March 2011 and the end of February this year the Syrian petroleum sector has sustained a loss in excess of S£73bn ($1.04bn, using an average exchange rate of $1=S£70 fo...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
IMF: Diversification Key For Sudan With Oil Revenues Imminent
...2mn). “The secession of South Sudan in July 2011 led to a very significant adverse economic shock for Sudan,” the IMF resident representative in Sudan Paul Jenkins tells MEES. “The Sudanese government has taken steps to try and narrow the deficit – largely through compressing capital expenditure and ra...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
US Ex-Im Proposes More Gulf Funding
...rizons. Ex-Im MENA Exposure ($Mn) 2012* 2011* Algeria 109 147 Bahrain 257 267 Egypt 540 593 Jordan 7 3.2 Ku...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
MENA Power Sector: Catching Up… But Far From There Yet
...ructures, as well as disparate climate conditions. A cross-section regression analysis for 2011 (the year for which all statistics are available) highlights these differences. Figure 2 shows that, on a log-transformed basis, per capita capacity increases with per capita GDP, which is an adequate proxy for th...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
Benchmark Crude Prices/Official Iraqi Oil & Gas Data, March & April 2013/Iraq Crude Export
...OIL PRICES Benchmark Crude Prices* 1-May 22- 26 Apr 15- 19 Apr Apr13 Mar13 Q1 2013 Q4 2012 2012 2011 WTI 91.03 91...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
Riyadh Sees Limited Demand Growth For Its Crude
...cently completed at Basra Oil Terminal is having an impact. algeria gets merk boost ç The start-up in March of Anadarko-operated El-Merk project in March has enabled Algeria to register two successive months of production rises for the first time since the beginning of 2011. Capacity has be...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
Kuwait, Oman And Qatar Push Refinery And Condensate Splitter Projects
...nance minister what one commentator called “explosive questions” – wanting total revenue income from oil on a yearly basis from 2001 till 2011-12, and financial returns on income from 1992 until 2011-12. Political commentators are guessing at his motives and the government’s answers. Mr Sa'dun had pr...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
Cyprus Targets Role As Regional Energy Center
...cused on meeting that 2015 deadline. The 793mw capacity Vasilikos power plant was wrecked by a massive explosion at a nearby military base in July 2011. Since then, the Electricity Authority of Cyprus (EAC) has been working to rebuild the facility as a gas-fired plant. Cyprus Licensing Ro...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
Oil Producers Use Higher Crude Prices For 2012 Budgets
...last year, it did not report a 2011 price. Of the remaining five, two countries are leaving prices unchanged – Bahrain produces a budget every two years, and Algeria has stuck resolutely to the $37/B it has used since 2009. However, Algeria officially uses a market price of $90/B for accounting pu...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
CGES Applauds Saudi Openness On Oil Supply
...11 1Q12 2Q12 3Q12 4Q12 2010 2011 2012 World Oil Demand 89.2 89.4 89...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
Crude Oil Formulas/Posted Prices ($/B)
...OPEC/OIL PRICES Crude Oil Formulas/Posted Prices ($/B) Iraq (+/- Adjustment Factor; $/B) 2012 2011 May Apr Ma...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
Eni Expects South Stream Austria Section To Go Ahead
...tempt to buy a controlling share of the Central European Gas Hub at Baumgarten in Austria, which is 80% owned by Austria’s OMV (MEES, 19 December 2011). Gazprom has not yet made clear its position on Austria’s South Stream participation. However, Mr Scaroni also said that the South Stream se...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
Polish Pipeline Operator Calls For Azeri Crude Commitment
...de.” The Odessa-Brody section of the pipeline was commissioned in 2002. In early 2011 Azeri state firm Socar used the Odessa-Brody line to ship 4mn tons of crude to Belarus (MEES, 21 February 2011). In 2004 a consortium was established by PERN Przyjazn and Ukraine’s oil pipeline operator Ukrtransnafta to...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
TransGlobe Targets Egyptian Growth Despite Delayed Payments
...the 4,350 b/d West Bakr permit from Japan’s Inpex at the end of 2011 boosted the company’s net Egyptian production to almost 17,000 b/d. But the company continues to await government approval of its purchase of a fifth Egyptian block, a 50% operator’s stake in the Western Desert’s South Alamein co...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
Saudi Arabia To Lend Egypt $500Mn For Development Projects
...rt of a financial package that Saudi Arabia had pledged to finance urgent projects in the aftermath of the 25 January 2011 Egyptian revolution. According to Egyptian Minister of Planning and International Cooperation Fayiza Abu al-Naja, who initialed the agreement with Saudi Finance Minister Ibrahim al...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
Asia-Pacific Refiners Slash Iranian Crude Imports
...6,183 b/d and it slashed its March imports by half compared to the year before, due to disputes over contract terms. Tokyo’s customs data released on 26 April showed March imports from Iran at 355,400 b/d, down from 379,200 b/d in the same month in 2011. Japan, the third largest buyer of Iranian oil, will cu...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
Second Phase Of Subsidy Reform Plan To Await Budget Approval
...ood at 12.5% at the end of 1389 (2010-11) and by the end of 1390 (2011-12) it reached 21%. Therefore the rate rose by 10% as a result of the targeted subsidies.” The official also revealed that the government has sent text messages to 1.666mn families in Iran asking them to waive their right to ta...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
IMF Says Jordan Could Face Downside Economic Risks
...Jordan IMF Says Jordan Could Face Downside Economic Risks After achieving robust economic growth which averaged 6.5% in 2000-09, Jordan’s real GDP growth has slowed down sharply to 2.3% in 2010 and a projected 2.5% in 2011, according to the International Monetary Fund (IMF) in its Ar...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012