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Yemen’s 2012 Budget Raises Social Spending To Offset 2011’s Economic Decline
...13 and 5.5% in 2014. Inflation is set to fall from the high of 20% in 2011 to 5% or lower in 2012. Total domestic and foreign debt is expected to remain at around 45% of GDP in 2012. As a result of the inflow of foreign loans, aid and remittances for Yemenis abroad, the deficit on the balance of pa...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Lebanon To Import 2.5Mn T/Y Of LNG, Convert Transport To CNG
...compressed natural gas (CNG) once the infrastructure is operating. In 2010 the government completed a study to build a 173km gas pipeline to connect the country’s power stations to the proposed LNG import terminal. Parliamentary and presidential elections in 2013 and 2014 will probably hold the pr...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Energy Equities: Petchems Help Saudi Market Post Multi-Year High
...e plant, which is expected to produce 1.1mn t/y of urea and start up in the third quarter of 2014. Saudi Petrochemical/Refining Trading And Financial Data Company Share Price – 2 May Share Price Start of...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
MOL To Sell Nabucco Shares, BEH Uncertain Over Project’s Future
...lgaria (ITB) redundant. Regarding Nabucco, Bulgaria’s Minister of Energy Delyan Dobrev told BNR radio on 28 April that the signing of a memorandum of understanding (MOU) with Azerbaijan increased Bulgaria’s chances of receiving gas by 2014, noting that Bulgaria succeeded in “committing them [Az...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
TPAO Begins Drilling Well In Northern Cyprus
...th the assistance of the under-secretariat. Mr Yildiz said the ship will be equipped with the latest technology and will be used for 2D and 3D seismic exploration. It is scheduled to be delivered to the MTA in 2014. Turkey has only one seismic research vessel, the ageing Piri Reis, which was sent in...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
TransGlobe Looks To Egyptian Future With Western Desert Expansion
...anted July 2011, first oil expected mid-2012 (c.1,000 b/d). Exploration permit for remainder of block expires June 2014. South Alamein** W Desert 100% (op) 0 0 **0-...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
IOEC Expanding Forouzan As Iran Focuses On Shared Fields Development
...ran onshore field, which extends into Iraq. NIOC estimates that Yaran has 1.1bn barrels of oil in place and could produce 20,000-25,000 b/d over a 24-year period. A first phase of development to give production capacity of 12,000 b/d by the end of March 2014 is expected to cost $600-700mn. Pe...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Pedec Awards Tadbir Energy Contract For Phase 2 Of Mansouri Development
...pected to begin in 2014. Phase 1 capacity is 100,000 b/d and production began in 2007. ...
Volume: 55Issue: 19Published at Mon, 07 May 2012