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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