- Sort by:
- Score
- Published ▼
-
Yemen’s 2012 Budget Raises Social Spending To Offset 2011’s Economic Decline
...MEN Yemen’s 2012 Budget Raises Social Spending To Offset 2011’s Economic Decline The Yemeni government has unveiled a record budget for 2012 aimed at stimulating the economy, which has shrunk as a result of the political turmoil in the country last year. After the Arab Spring, the political cl...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Energy Equities: Petchems Help Saudi Market Post Multi-Year High
...st of the company’s plants from 19 January to 9 February. It started commercial operations on 1 October 2011 at its $10bn-plus petrochemical plant and said that the mega-complex, which will produce 4mn tons/year of petrochemical and chemical products, is expected to take time to improve performance an...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Japan’s Crude Imports Rise 9.25% In March To 4.209Mn B/D
...853mn b/d and an increase of 11.28% over the February 2011 crude import figure of 3.783mn b/d. March imports from the Middle East averaged 3.452mn b/d, up by 7.72% from the February average of 3.205mn b/d but only 0.44% above the year-on-year average of 3.437mn b /d in March 2011. Saudi Arabia continues to be...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Saudi LPG Prices Respond To Slow Propane Demand, Support For Butane
...n 740.00 735.00 2011 1 Jan 935.00 920.00 2012 1 Jan 850.00 91...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Crude Oil Formulas/Posted Prices ($/B)
...L PRICES/OPEC Crude Oil Formulas/Posted Prices ($/B) Algeria (Dated Brent + / - Adjustment Factor; $/B) 2012 2011 May Ap...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Anadarko Gets Algerian Boost, El Merk Delayed
...gerian production dipping to 50,000 b/d, from 55,000 b/d for the first quarter 2011 (see table and graph). Higher oil prices mean the firm received a lower share of production due to the terms of the company’s production sharing contract (PSC) for Block 404a, which it operates, despite gross production ri...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
IMF Says Bahrain’s Political Unrest Reduces GDP Growth To 2% In 2011
...hrain IMF Says Bahrain’s Political Unrest Reduces GDP Growth To 2% In 2011 Real GDP growth in Bahrain in 2011 is expected to reach about 2%, down from 4.1% in 2010, according to the International Monetary Fund (IMF) in its latest Article IV consultation with Bahrain. Disruptions caused by protests du...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
MOL To Sell Nabucco Shares, BEH Uncertain Over Project’s Future
...e only company that has expressed interest in joining Nabucco of late (MEES, 10 October 2011). It is unlikely that Bayerngas would join Nabucco before 16 May. In related news, Bulgaria’s BEH has also expressed doubts about the feasibility of Nabucco. At a press conference in Baku on 28 Ap...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Eni ‘In Good Shape’ For Kashagan Start-Up
...tober 2011). ...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
TPAO Begins Drilling Well In Northern Cyprus
...ptember a concession by the Turkish-Cypriot administration to explore for hydrocarbons within the 40% of the island that has been occupied by Turkish forces since 1974 and was also awarded a number of offshore concessions encompassing most of the island (MEES, 5 December 2011). The move followed the start of...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
TransGlobe Looks To Egyptian Future With Western Desert Expansion
...quisition approvals) as well as a 60% operator’s interest in the nearby South Mariut concession. TransGlobe says it expects the deal to close by early June. This follows TransGlobe’s June 2011 $3mn purchase of the 50% operator’s stake at South Alamein from Spain’s Cepsa. Final approval of this deal from the Eg...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
South Africa Increases Oil Imports From Iran
...ns in February to 505,908 tons in March, with Iranian revenues on supplies for the two months estimated at $364mn and $434mn respectively. The monthly cost of Iranian imports for South Africa was estimated at an average $280mn in 2011. Sasol normally takes around 20% of its oil imports from Iran but ha...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Noble’s Leviathan-1 Well Stopped Short Of Target Depth
...uth Korea’s Daewoo Shipbuilding and Marine Engineering (DSME) for a feasibility study on an LNG floating production, storage and offloading (FPSO) facility (MEES, 28 November 2011). Mr Stover also said that Noble was closely managing production from the Mari-B field, Israel’s sole source of na...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Luberef $1.1Bn Financing For Yanbu Expansion Gathers Momentum
...madan, which falls in July/August this year. Halliburton subsidiary KBR won the contract to supply Luberef’s Yanbu' refinery with its solvent deasphalting technology (MEES, 14 March), while Jacobs secured the front end engineering and design contract for the expansion (MEES, 7 February 2011). Th...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
New SAMA Data Shows Jump In Saudi Arabia’s Foreign Assets
...739,197 1,404,955 Source: SAMA. Jadwa Investment said in a report on the subject that it estimates the kingdom’s net foreign assets rose to almost $600bn by the end of 2011. “This is very high and represents a core strength of the economy,” commented Jadwa. The position pr...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Production At Heglig Restarts As UN Issues Dispute Ultimatum
...e total withdrawal of all forces from disputed territories, as well as an end to air raids by the North and a solution to the oil payment dispute that has been raging between the two sides since the South’s secession from the north in July 2011. Negotiations between Sudan and South Sudan would also ne...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
TAQA Gets Green Light To Begin Work On Dutch Gas Storage Project
...use earth tremors, increase noise levels and disrupt animal habitats (MEES, 15 August 2011). These fears and objections were deemed “unfounded” by the Dutch courts, however, having found no evidence of a link between the planned work on the project and an increased risk of tremors. “Although experts co...
Volume: 55Issue: 19Published at Mon, 07 May 2012