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Middle East Poised For Multi-Billion Barrel Heavy Oil Expansion
...gent basis. And through this mechanism, which we started in 2006, we got an extraordinary budget of $200mn; we were able to add 500mn cfd to the gas availability in Bahrain, which should come on stream in 2011,” he said. But this 500mn cfd will largely be used to offset declines, until the Awali as...
Volume: 53Issue: 23Published at Mon, 07 Jun 2010 -
Cash Shortage Delays Iran Gas Pipeline, Pakistan Pursuing LNG Imports
...going ahead with liquefied natural gas (LNG) imports and is in talks with Qatar, which is diverting LNG into the Asia-Pacific market during the global gas glut. However, Pakistan’s first planned LNG terminal, which was due to open in Karachi by the end of 2011, has been delayed by the Supreme Co...
Volume: 53Issue: 23Published at Mon, 07 Jun 2010 -
Active MENA Project Finance Sector Grapples With Funding Challenges
...rel Breda, GDF Suez’s Head of Acquisitions, Investments and Financial Advisory, MENA and India. “They do not reflect the cost of funding, but instead the limited number of banks in the market,” he said. While he sees some improvement, he predicts that in 2011 market conditions will be similar. “On th...
Volume: 53Issue: 23Published at Mon, 07 Jun 2010 -
KMG Sees KCTS As Main Export Route For Kashagan Crude
...tober 2009). Azeri Minister of Energy Natiq Aliyev told the conference that BTC’s transit capacity will be boosted to 1.6mn b/d by late 2011 to handle the KCTS volumes, from the current 1.2mn b/d. Deliveries via KCTS are expected to rise to 500,000 b/d by 2015, and to be expanded to 760,000 b/d by 20...
Volume: 53Issue: 23Published at Mon, 07 Jun 2010 -
EU And Jordan Agree Aid Package Of €223Mn For 2011-13
...Middle East Economic Survey VOL. LIII No 23 7-Jun-2010 JORDAN EU And Jordan Agree Aid Package Of €223Mn For 2011-13 The European Union (EU) will extend to Jordan a financial assistance pa...
Volume: 53Issue: 23Published at Mon, 07 Jun 2010 -
NBK Projects 3% Kuwaiti Growth In 2010
...n-oil sector, with faster growth expected in 2011 and beyond as new government projects gradually come on line, the National Bank of Kuwait (NBK) has said in its latest economic brief. “Data for the first few months of this year support this view of gradual improvement, and we expect the 2010 pace of...
Volume: 53Issue: 23Published at Mon, 07 Jun 2010 -
MENAP Oil Importers’ Recovery Slower Than Average For Developing Countries, IMF Says
...pected to rebound to 4.2% in 2010 and 4.6% in 2011 (the same as the 2008 figure), from 2.3% last year. Dealing with the legacy of the global financial crisis, including the Dubai debt restructuring and recent shocks in Greece, will be the main priority, the report said. Though the effects of Dubai and Gr...
Volume: 53Issue: 23Published at Mon, 07 Jun 2010 -
Design Work For New Bahraini-Saudi Pipeline To Start In 2011
...Middle East Economic Survey VOL. LIII No 23 7-Jun-2010 REGIONAL Design Work For New Bahraini-Saudi Pipeline To Start In 2011 Engineering design for the long-envisaged oil pipeline be...
Volume: 53Issue: 23Published at Mon, 07 Jun 2010 -
CI Downgrades Saudi Hollandi Bank’s Financial Strength Rating
...tios all increased. CI believes that, barring a slowdown in the Saudi economy, SHB has the capacity to repair its asset quality in 2010. While that may involve only a small improvement in net profitability over last year, it could put the bank on a sound footing to resume real growth in net profit in 2011....
Volume: 53Issue: 23Published at Mon, 07 Jun 2010 -
Growing Concern Over Potential Restructuring Of Dubai Holding Debt
...ip building subsidiary Drydocks World, meanwhile, told Reuters on 31 May that it was in talks with banks to restructure $1.7bn in debt maturing in November 2011. The company was not a part of its parent company’s debt restructuring agreement, and expects talks to be concluded over the next few mo...
Volume: 53Issue: 23Published at Mon, 07 Jun 2010