- Sort by:
- Score
- Published ▼
-
Bahrain $1.5Bn Bond Oversubscribed
...ghter end of pricing guidance suggesting strong demand. It is also lower than the level seen for Bahrain’s November $750mn sovereign sukuk issue which was priced at 450 bps over mid swaps (MEES, 28 November 2011). It indicates that investor appetite has improved as the unrest which Bahrain saw last year ha...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
TANAP Framework Agreement Signed By Turkey And Azerbaijan
...quirements for the receipt of 6 bcm/y of gas from Shah Deniz 2 via TANAP. The TANAP pipeline, which was announced in November 2011, is intended to become operational by 2018 and expected to cost around $7bn. Turkey’s Botas and Azerbaijan’s Socar are the initial shareholders, with respective stakes of 20% and 80...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
Turkmen Exports Via BTC Increasing, Socar Data Indicates
...though Iran subsequently looked to resume the swaps trade. In 2010 1.3mn tons (26,100 b/d) of Turkmen oil was exported through BTC, rising in 2011 to 2.1mn tons (43,200 b/d). Exports for the first half of 2012 have already reached 1.4mn tons (56,000 b/d). ...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
BP Starts Up Offshore Seth Field Adding 170Mn CFD To Egyptian Gas Output
...mpleted in 2011 with the completion of new compression capacity. In addition to the Seth start up this was necessitated by a 30% hike in El Temsah production to around 11bcm for 2011 with the start-up of production at the Denise B field which in turn followed 2010’s start-up of 1.6 bcm/y of production at co...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
EU Sanctions Hit Iran Crude, No Reprieve For Tanker Insurance
...pan. At the same time, Japan has reduced its crude imports from Iran: the Ministry of Finance said that they were down 46.5% in May to 106,000 b/d versus May 2011. India is taking a different route and using Iranian ships with Iranian cover, although experts have questioned how payments could be made in...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
CNPC’s South Pars Phase 11 Project Frozen
...IRAN CNPC’s South Pars Phase 11 Project Frozen The National Iranian Oil Company (NIOC) has frozen China National Petroleum Corporation’s (CNPC’s) $4.7bn contract to develop South Pars Phase 11. In June 2011 it warned CNPC it would cancel the project if it does not fulfill the te...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
Ex-Im To Provide $3Bn To Sadara Petchem Project
...ll want to undercut a recent benchmark – the Qatar Petroleum/ExxonMobil 1.4bn cfd gas/NGL Barzan gas project. Costing $10bn, it was the largest project financing completed last year and secured pricing of 130-200 bps over the 16-year tenor on the commercial bank tranche (MEES, 19 December 2011...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
3.3Mn T/Y Saudi Polymers Company Project Starts Up
...SAUDI ARABIA 3.3Mn T/Y Saudi Polymers Company Project Starts Up The Saudi Polymers Company (SPC) project in Jubail, which includes the construction of an olefins cracker, has started operations. The sponsors had originally been targeting the first quarter of 2011, and then the da...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
Sudan Government Holds Firm On Subsidy Cuts As Protests Continue
...ar, losing with it around three-quarters of its oil revenues which, prior to the secession, made up the lion’s share of the country’s revenues. The two sides have been locked in talks since, over a number of issues including the sharing of oil revenues (MEES, 11 July 2011), but have as yet been unable to...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
Greece And The Eurozone: Options And Challenges
...n Greek Competitiveness,’ (http://krugman.blogs.nytimes.com/2012/06/17/long-run-greek-competitiveness/). 2. S Hammoudeh, ‘What Should a European Country Do Before Exiting the Eurozone?’, (MEES, 14 November 2011)....
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
Kuwait’s SPC Wants 530,000 B/D Al-Zour Option, Parliament Starts Shell Probe
...stead of Dhahran. The front end engineering design (FEED) has already been completed on the Saudi side of the border. It will be completed on the Bahraini side by the end of 2011 – it was restarted due to the original route’s passing through private land. Bahrain also takes 150,000 b/d (50% of crude ou...
Volume: 54Issue: 27Published at Mon, 04 Jul 2011 -
Questions Raised Over Lebanon’s First Licensing Round
...arter of 2012,” Mr Basil announced. This is slightly delayed based on the schedule suggested last year, which anticipated Lebanon’s inaugural offshore exploration bid round being launched in October 2011 (MEES, 29 November 2010). “It might look like a complicated, lengthy and time consuming procedure fo...
Volume: 54Issue: 27Published at Mon, 04 Jul 2011 -
ADNOC’s New Chief To Focus On UAE Fuel Crises
...power, Abu Dhabi Water and Electricity Company. Abu Dhabi also supplies electricity and sometimes gas to the northern emirates, whose demand is expected to rise from 1.92gw in 2011 to 3.37gw in 2015. The northern emirates have faced power and gas shortages in previous summers, and in June ex...
Volume: 54Issue: 27Published at Mon, 04 Jul 2011 -
Kramer: South Stream Promises Stable And Predictable Gas Transit
...tensifying dialogue between the stakeholders, so I could say that I am very optimistic that a shareholders’ agreement for the offshore can be completed in 2011. Q: Are there any more companies that have so far expressed interest in joining South Stream? A: When you try to finalize your first joint ve...
Volume: 54Issue: 27Published at Mon, 04 Jul 2011 -
Growing Interest In Levant Offshore Prospects
...ock 12. Lawson Freeman, senior vice president of Noble Energy’s International Division, told the Levant Energy Forum 2011 in Nicosia on 23 June that Noble intends to start drilling a natural gas prospect on the Block 12 during the fourth quarter of this year and that it would take about two months to...
Volume: 54Issue: 27Published at Mon, 04 Jul 2011 -
Japanese Crude Oil Imports Fall To 3.078Mn B/D In May
...Middle East Economic Survey VOL. LIV No 27 4-Jul-2011 Japanese Crude Oil Imports Fall To 3.078Mn B/D In May Japanese crude oil imports averaged 3.078mn b/d in May 2011, down by 13.7% from 3.567mn b/d in April, according to monthly import data released by Japan’s Ministry of Ec...
Volume: 54Issue: 27Published at Mon, 04 Jul 2011 -
Saudi LPG Prices Reduced For July
...0.00 380.00 2010 1 Jan 740.00 735.00 2011 1 Jan 935.00 920.00 1 Feb 505.00 505.00 1 Feb 735.00 735.00 1 Feb 820.00 81...
Volume: 54Issue: 27Published at Mon, 04 Jul 2011 -
Egypt Has No Need For World Bank And IMF Loans For Now
...sted on its website. But Egypt will maintain its technical cooperation with these two organizations and benefit from their expertise. The statement notes that the government amended the draft 2011-12 budget approved on 1 June (MEES, 13 June), following a “social dialogue” which took place between th...
Volume: 54Issue: 27Published at Mon, 04 Jul 2011 -
Iran Raises Oil Price Assumption To $95/B In 2011-12
...Middle East Economic Survey VOL. LIV No 27 4-Jul-2011 IRAN Iran Raises Oil Price Assumption To $95/B In 2011-12 Iran has revised its oil price assumption in the 2011-12 budget to $95/B from the previous price of $81.50/B, Iran’s Minister of Economic Affairs and Finance Sh...
Volume: 54Issue: 27Published at Mon, 04 Jul 2011 -
Fitch Affirms NBK Rating On Benefits Of ‘Flight To Safety’ By MENA Investors
...rica region, NBK had been benefitting from a “flight to safety” by investors, resulting in a strong and stable deposit base – both corporate and retail. The agency added that net income was continuing on its growth path in 1Q11, with the bank expecting to generate “sound profits” throughout 2011, in...
Volume: 54Issue: 27Published at Mon, 04 Jul 2011