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AGOCO Protests Spread To Zueitina Terminal
...layed post-conflict restart. The reason for the plant’s continued outage is disputed. AGOCO has been told that the key reason is a lack of storage at the plant – where three storage tanks damaged during last year’s fighting have yet to be repaired (MEES, 14 March 2011). An alternate ex...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
Turkey And India Eyeing Qatari LNG
...tal 8.03 Total 12.15 Source: BP Statistical Review of World Energy 2011. Turkey meanwhile has also expressed its intention to up its supplies from Qatar, with Turkish Minister of Energy Taner Yildiz suggesting the two co...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
Egypt Terminates Gas Supply Agreement With Israel, Says New Deal Possible
...st develop and adequately supply itself with energy through the natural gas resources that have been discovered in its Mediterranean offshore. Since the removal of Husni Mubarak from power in Egypt in February 2011, Egyptian gas pipeline infrastructure in the Sinai Peninsula has been da...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
IMF Forecasts 2012 Oil Price At $114.71/B, Sees Modest MENA Growth In 2012-13 span>
...r 2013, according to the latest World Economic Outlook (WEO). But the IMF is concerned that disruption in crude supplies triggered by sanctions on Iran could cause oil prices to spike, with adverse repercussions on the world economy. Growth in the MENA region was below trend in 2011 pr...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
AFESD Allocates $3.2Bn For Development Of Arab Spring Countries
...nancial problems as a result of regional and international crisis. AFESD made this announcement at the annual meeting of its board of directors, which convened on 21 April in Morocco. AFESD had pledged to contribute this amount to these countries under the Deauville Initiative, which was set up in 2011 by in...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
NCP Olefins Cracker Project Start-Up Delayed, Targets 2Q
...iginally been targeting the first quarter of 2011 and then the date slipped to the fourth quarter. It was delayed as a result of design issues discovered during commissioning and as a result extra safety measures that had to be implemented, MEES further understands. The project includes the construction of an...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
TransGlobe Looks To Weather Yemeni Storms
...men was the company’s main focus – to 1,500 b/d for 2011. Increased instability, closing down activities on two of the four blocks where it is active, has seen production slide further to a mere 370 b/d so far in 2012. The company as a whole has been able to weather this storm thanks to bo...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
MENA Power Reassessed: Growth Potential, Investment And Challenges
...te, accounts for 43% of MENA total and 53% of the Arab world total (expenditures for nuclear power generation is implicit in the case of Iran and the UAE).4 Table 1: MENA Power Capacity And Investment, 2013-17 2011*Installed Ca...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
Iraq Launches Exploration Round
...158 5.551 1.616 7.167 107.13 Q1 2011 Avg. 1.712 0.461 2.173 5.044 1.394 6....
Volume: 54Issue: 18Published at Mon, 02 May 2011 -
Oil Prices Hold Steady Despite US Stock Build
...er political unrest in the Middle East and North Africa, and prices are also supported by the slumping value of the US dollar. Meanwhile, ExxonMobil reported a profit for the first quarter of 2011 of $10.7bn, prompting some US politicians to call for a halt to the tax breaks that oil companies re...
Volume: 54Issue: 18Published at Mon, 02 May 2011 -
Crude Oil Formulas/Posted Prices
...Middle East Economic Survey VOL. LIV No 18 2-May-2011 Crude Oil Formulas/Posted Prices ($/B) Algeria (Dated Brent + / - Adjustment Factor; $/B) 2011 2010 May Apr Mar Feb Ja...
Volume: 54Issue: 18Published at Mon, 02 May 2011 -
Botas Looking To Increase Gas Allocation From Shah Deniz 2 By 4 BCM/Y
...pply agreements of June 2010 (MEES, 14 June 2010). Mr Ozgul said that the proposed increase in Shah Deniz 2 supply will be consolidated in the form of a gas purchasing agreement to be signed between Azeri state firm Socar and Botas by 30 June 2011 “at the latest.” He added that “we expect that we wi...
Volume: 54Issue: 18Published at Mon, 02 May 2011 -
China Extends Strategic Influence Over Turkmen Gas
...crease its projected gas imports via the Central Asia to China gas pipeline by 2.7 bcm/y by the end of 2011 compared to an initial estimate of 15 bcm/y. In 2010 the pipeline transported 6 bcm/y to China’s Xinjiang province and around 3.2 bcm/y during the first quarter of 2011. CNPC now plans to expand it...
Volume: 54Issue: 18Published at Mon, 02 May 2011 -
BP And Socar Discuss Exploration Of Shafag-Asiman Block
...reement (PSA), in a meeting in Baku on 27 April. Operator BP and Socar signed the Shafag-Asiman PSA in October 2010, with both companies holding 50% equity. The PSA is valid for 30 years, but has yet to be ratified by the Azeri parliament. It calls for the beginning of exploration work within 2011. The ex...
Volume: 54Issue: 18Published at Mon, 02 May 2011 -
IMF Sees Regional Uprisings Providing Long Term Opportunities, Near Term Pressures
...e foundations for a socially inclusive and more dynamic economic growth model. In the near term however, countries face multiple pressures stemming from higher commodity prices and disruptions to economic activity, the IMF said in its April 2011 Regional Economic Outlook for the Middle East, No...
Volume: 54Issue: 18Published at Mon, 02 May 2011 -
Tough First Quarter For Saudi Private Sector, Says Jadwa
...Middle East Economic Survey VOL. LIV No 18 2-May-2011 SAUDI ARABIA Tough First Quarter For Saudi Private Sector, Says Jadwa The first quarter was a tough one for the private sector in Saudi Arabia, according to the April 2011 Monthly Bulletin published by Jadwa Investment. In to...
Volume: 54Issue: 18Published at Mon, 02 May 2011 -
Topaz Secures Two-Vessel Offshore Support Contract In Nigeria
...geria for the duration of 2011, the company announced on 26 April. Topaz has mobilized two anchor handling tug supply vessels, Topaz Johor and Topaz Jurong, for an eight-month contract to support operations in the Atlas, Mira and Britannia fields offshore Nigeria, on behalf of AXXIS Petroconsultants Lt...
Volume: 54Issue: 18Published at Mon, 02 May 2011 -
Political Comment (2 May 2011)
...Middle East Economic Survey VOL. LIV No 18 2-May-2011 Political Comment (2 May 2011) In Syria the authorities have decided to respond to protests with repression rather than reform. The two main Palestinian parties, secular Fatah and Islamist Hamas, have sprung a surprise by re...
Volume: 54Issue: 18Published at Mon, 02 May 2011 -
WEF’s Repowering Transport Project – Review And Implications
...ICORP’s Economic Commentary dated May 2011. The author wishes to state that there is no conflict of interest arising from this review and that the opinions expressed reflect his personal views only. Comments and feedback may be sent to: aaissaoui@apicorp-arabia.com On 4 April the World Economic Fo...
Volume: 54Issue: 18Published at Mon, 02 May 2011 -
Surging Demand Threatens Middle East Exports
...ursaniyah (1bn cfd, 2010), Karan (1.8bn cfd, in stages during 2011-13) and the Wasit Gas Plant (2.5bn cfd, 2014), Mr Falih said. Sales gas capacity will increase from 7bn cfd to 9.3bn cfd by 2015. Ethane production capacity will rise from 800mn cfd to 1.2bn cfd, while NGL production capacity will grow from 93...
Volume: 53Issue: 18Published at Mon, 03 May 2010