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Oman Expecting Economic Growth Of 5% For 2011
...Middle East Economic Survey VOL. LIV No 27 4-Jul-2011 oman Oman Expecting Economic Growth Of 5% For 2011 Oman’s economy is projected to grow by approximately 5% this year, on the assumption that oil prices stay at current levels, Minister of Finance Darwish al-Balushi said on 29...
Volume: 54Issue: 27Published at Mon, 04 Jul 2011 -
US Sanctions Syrian And Iranian Security Forces For Syrian Crackdown
...madi Moghadam, and his deputy Ahamd Reza Radan as sanctions targets. The latter traveled to Damascus in April 2011 and provided expertise to the government in cracking down on the Syrian people, the department noted. An advisor to Iran’s Minister of Foreign Affairs, Ramin Mehanparast, rejected we...
Volume: 54Issue: 27Published at Mon, 04 Jul 2011 -
Political Comment (4 July 2011)
...Middle East Economic Survey VOL. LIV No 27 4-Jul-2011 Political Comment (4 July 2011) While continuing to crack down on protests across the country, the Syrian authorities have allowed opposition figures to meet openly in Damascus. Bahrain has appointed what looks like a truly in...
Volume: 54Issue: 27Published at Mon, 04 Jul 2011 -
A Realistic Outlook For Iraq's Oil Production In 2030
...tlook to 2030, which was prepared at the beginning of 2011, Iraq’s crude oil production is envisaged to rise to 4.5mn b/d in 2020 and 5.5mn b/d in 2030. Nonetheless, BP has announced that among the countries whose production capacity is projected, the biggest uncertainty is related to Iraq. This is at...
Volume: 54Issue: 27Published at Mon, 04 Jul 2011 -
Aliyev Outlines Azerbaijan’s Gas And Oil Export Prospects
...2011. Q: One of the most interesting aspects of your strategy is the possibility to export 1-1.5 bcm/y to Syria through a 3 bcm/y Turkish-Syrian gas interconnector, which would be ready by 2011-12. How is this plan developing? A: This is indeed an interesting proposal from the part of the Sy...
Volume: 53Issue: 27Published at Mon, 05 Jul 2010 -
Tighter Sanctions Aimed At Iran’s Energy Sector
...ould add almost 29,000 b/d to gasoline production by 2011. By 2012, it estimates an 80,000 b/d crude distillation capacity boost to the 168,000 b/d Arak refinery, as well as Residue Fluidized Catalytic Converter (RFCC), Continuous Catalytic Reformer (CCR) and hydrotreater capacity additions. And both Ba...
Volume: 53Issue: 27Published at Mon, 05 Jul 2010 -
MEES Agenda: Strong Crude Price Boosts 2010 Budgets, Encourages Higher 2011 Estimates
...Middle East Economic Survey VOL. LIII No 27 5-Jul-2010 Strong Crude Price Boosts 2010 Budgets, Encourages Higher 2011 Estimates With the first half of the year over, most oil producing co...
Volume: 53Issue: 27Published at Mon, 05 Jul 2010 -
Bulgaria Calls For Detailed Gas Talks With Turkey And Azerbaijan
...d the Balkans by the end of 2011. Sofia News Agency reported on 30 June that the two sides also discussed a November 2009 memorandum of understanding (MOU) for the export of compressed natural gas (CNG) to Varna through the Socar-controlled Georgian terminal of Kulevi. In April 2009, Bulgaria and Az...
Volume: 53Issue: 27Published at Mon, 05 Jul 2010 -
Technip Awarded West Delta Deep Marine Expansion Contract By Burullus
...sign, supply and installation of three production manifolds and three subsea distribution assemblies, the installation of 67km of rigid production flowlines and 88km of umbilicals, and their connection to wellheads and subsea manifolds, with work expected to begin in the second quarter of 2011. Burullus is...
Volume: 53Issue: 27Published at Mon, 05 Jul 2010 -
Cyprus Prepares For Second Bid Round In 1H11, As Gas Prospects Grip East Mediterranean
...d round for offshore exploration and development blocks sometime during the first or second quarters of 2011, Solon Kassinis, head of Cyprus’ Energy Department at the Ministry of Commerce, has told MEES. It had been expected that Nicosia would announce a bid round sometime during 2010 (MEES, 4 May 20...
Volume: 53Issue: 27Published at Mon, 05 Jul 2010 -
IEA Medium Term Outlook Sees Crude Demand Growth Averaging 540,000 B/D To 2014
...ojection in July 2008, the report said. IEA World Oil Supply And Demand Outlook 2008-14 (Mn B/D) 2008 2009 2010 2011 2012 2013 2014 OECD Demand North Am...
Volume: 52Issue: 27Published at Mon, 06 Jul 2009 -
Barclays Sees Benchmark Oil Prices Heading Into $75-95/B Range
...ft landing into roughly the $75-95/B range now appears to be the ultimate destination for oil prices this year.” Barclays Capital Annual Oil Price Forecast ($/B) 2006 2007 2008 2009 2010 2011 2012 Long-Term WT...
Volume: 52Issue: 27Published at Mon, 06 Jul 2009 -
Political Comment (6 July 2009)
...rces by 31 August 2010, followed by the withdrawal of all US troops from Iraq by the end of 2011, as provided for in last year’s Status of Forces Agreement. Assuming everything goes according to plan (which is probably a rash assumption in Iraq), it is only then that a truly independent Iraq will have to...
Volume: 52Issue: 27Published at Mon, 06 Jul 2009 -
IEA Medium-Term Outlook Envisages Continuing Tight Oil Market
...neration activities, will rapidly expand in non-OECD countries.” IEA World Oil Supply And Demand Outlook 2008-13 (Mn B/D) 2008 2009 2010 2011 2012 2013 OECD Demand North America 25...
Volume: 51Issue: 27Published at Mon, 07 Jul 2008 -
Algeria To Spend $5.5Bn Expanding Its Oil And Gas Pipeline Network
...17* 137* 323 Expected Capacity By 2011 Number Of Pipelines 13 3 5 18 39 Length (Km) 5,368 1,718 3,...
Volume: 51Issue: 27Published at Mon, 07 Jul 2008 -
FCP To Approach Banks After The Summer To Finance Algeria’s MLE Project
...s formerly the Chief Operating Officer. FCP said that the MLE field will come on-stream in 2010, producing 200mn cfd of gas and 20,000 b/d of liquids, with the Central Area Field Complex (CAFC) coming on stream in 2011. Production in the Block 405b MLE field will then be ramped up to a level of 30...
Volume: 51Issue: 27Published at Mon, 07 Jul 2008 -
Kashagan Deal Concluded, With First Oil Set For 2013
...at the projected development costs of Kashagan had increased from $57bn to $136bn. The latest production deadline is the fourth to have been agreed. The previous agreement, in January 2008, called for production start-up in 2011. Terms for the latest deal include an additional 7.5-8% royalty pa...
Volume: 51Issue: 27Published at Mon, 07 Jul 2008 -
Saudi Aramco Awards Utilities Contract For 900,000 b/d Manifa Project
...e contracts has prompted talk of delays to the targeted 2011 start-up. However, Aramco last month said it was confident the project would begin production on schedule (MEES, 7 July). Manifa is probably the most ambitious initiative in Aramco’s current project schedule. Costs are likely to be si...
Volume: 51Issue: 27Published at Mon, 07 Jul 2008 -
Qatar To Issue Tender For New Refinery For Increased Shaheen Field Oil Output
...tput is being ramped up by operator Maersk. According to Oil Minister 'Abd Allah al-'Attiyah, technical and feasibility studies for the plant have been completed. The refinery is planned to come on-stream in 2011, he said on 24 June. In 2005, Maersk launched a $3bn plan to raise production from th...
Volume: 50Issue: 27Published at Mon, 02 Jul 2007 -
Marib Refinery Capacity To Be Increased To 25,000 B/D
...dhramawt and at al-Mukalla, to be wholly-owned by foreign companies that will have the freedom to sell products in local market as well as export them. Discussions with prospective investors are expected to be concluded by 2008 and construction completed by 2011 (MEES, 22 January)....
Volume: 50Issue: 27Published at Mon, 02 Jul 2007