1. SEC Mulls Issuing International Paper After Sukuk Success

    ...id. He suggests that the company will issue more Sukuk (all three are of the al-Istithmar type) in the Kingdom if needed, and while he does not expect to tap the market again this year, a 2011 foray is a possibility. Tenors in the Saudi market are not usually long, so it was a challenge to go out to se...

    Volume: 53
    Issue: 22
    Published at Mon, 31 May 2010
  2. Independents Growing In Importance For Gulf Oil And Gas Developments

    ...s long-standing target of 50,000 boed output and proven and probable reserves equivalent to 300mn boe by year end. To achieve this it would have to buy producing assets. At the same time, efforts to be listed in London and Kuwait have been put back to the start of 2011. Some industry analysts doubt th...

    Volume: 53
    Issue: 22
    Published at Mon, 31 May 2010
  3. Turkmenistan To Build East-West Gas Pipeline Without Outside Help

    ...leged overstating of production costs by the consortium, which could have led to a $1.3bn fine. ChevronTexaco Vice-President Ian MacDonald told a conference on 20 May that a decision to expand the production of Kazakhstan’s Tengiz oil field could be taken in 2011. A proposed $3bn expansion would ad...

    Volume: 53
    Issue: 22
    Published at Mon, 31 May 2010
  4. Maan Solar Power Project Launched By Jordanian/Italian Consortium

    ...alian firm Solar Ventures on 19 May unveiled plans for a solar power plant to produce 100mw by about 2012, capable of expansion to more than 200mw. The Shams Maan project will cost up to $400mn, and its construction is slated to begin in 2011. The consortium is currently examining the photovoltaic te...

    Volume: 53
    Issue: 22
    Published at Mon, 31 May 2010
  5. IMF Says Regional Oil Exporters’ Growth Remains Below Pre-Crisis Levels

    ...ck up in 2010 and 2011, amid strengthening oil demand and production increases, though not to pre-crisis levels, the IMF has said in its Regional Economic Outlook for May 2010. Such positive factors, the report says, are expected to be slightly offset by pressures in the banking system and low credit gr...

    Volume: 53
    Issue: 22
    Published at Mon, 31 May 2010
  6. EFG-Hermes Pledges €15mn To InfraMed Infrastructure Fund

    ...€100mn or 20% of the fund’s total commitment to investments in each of Egypt and Morocco alongside InfraEgypte and InfraMaroc. InfraMed’s sponsors will target a first close for InfraEgypte and InfraMaroc in the first quarter of 2011....

    Volume: 53
    Issue: 22
    Published at Mon, 31 May 2010
  7. Petrochemical Project Financing Activity To Pick Up In 2011

    ...Middle East Economic Survey VOL. LIII No 22   31-May-2010 SAUDI ARABIA Petrochemical Project Financing Activity To Pick Up In 2011 Financing activity in the petrochemical sector in Saudi Ar...

    Volume: 53
    Issue: 22
    Published at Mon, 31 May 2010