- Sort by:
- Score
- Published ▼
-
Rhourde Yacoub Firms Up Promise
...2011 (MEES, 28 November 2011), but Rhourde Yacoub provided Algeria’s only 2011 discovery by a foreign oil firm (MEES, 20 February). ...
Volume: 55Issue: 30Published at Mon, 23 Jul 2012 -
Lebanon Signs Contract For Turkish Power Ships
...vernment subsidies, which rose to around $1.2bn in 2011. ...
Volume: 55Issue: 30Published at Mon, 23 Jul 2012 -
IMF Sees Good Growth Prospects For Libya
...BYA IMF Sees Good Growth Prospects For Libya Libya’s economic activity is recovering rapidly with the restoration of hydrocarbon production, the IMF said on 11 July in its concluding statement after a visit to Libya. Real GDP contracted by 60% in 2011, but is projected to rebound by twice as much (11...
Volume: 55Issue: 30Published at Mon, 23 Jul 2012 -
Oman Starts Reducing Gas Subsidies
...an Oman Starts Reducing Gas Subsidies Oman’s Ministry of Oil and Gas has started to end gas subsidies to industry – paving the way to offering BP a price that will make developing its tight gas projects viable. It is the first Arab Gulf state to do this (MEES, 7 February 2011), while others with ga...
Volume: 55Issue: 30Published at Mon, 23 Jul 2012 -
IMF Puts Up MENA 2012 Growth Forecast On Oil Production Boost
...tivity in Libya is rebounding rapidly after the unrest in 2011. For global growth, the IMF trimmed its April forecast by 0.1% and is now predicting 3.5% for 2012. It put 2013’s forecast down 0.2% to 3.9%. It said that there are downside risks looming large, reflecting delayed or insufficient po...
Volume: 55Issue: 30Published at Mon, 23 Jul 2012 -
Syria Raises Gasoil Price By 15%
...d LPG. It has recently managed to import limited quantities of these products from Venezuela and Iran (MEES, 16 July). Syria’s consumption of gasoil in 2011 stood at 7.6mn liters. US Adds New Names Of Syrian Officials To Sanctions List The Office of Foreign Assets Control (OFAC) of th...
Volume: 55Issue: 30Published at Mon, 23 Jul 2012 -
EIB And EBRD To Finance Phase 1 Of Ukraine’s Pipeline Modernization
...liver up to 140 bcm/year of Russian gas to Europe and Ukraine currently accounts for more than 80% of Russian gas transit to the EU. This share is expected to drop sharply once the Nord Stream pipeline becomes operational in October 2011. Kiev, following an agreement with the European Commission signed in...
Volume: 54Issue: 30Published at Mon, 25 Jul 2011 -
Investment Of $600Mn Expected In Persian Gulf Star Refinery This Year
...pacity Persian Gulf Star refinery at Bandar Abbas is 40% complete. He said that $600mn will be invested in the project over the course of the current Iranian year (21 March 2011 – 20 March 2012), following a $200mn outlay last year. He added that Naftiran Intertrade Company (NICO), the overseas in...
Volume: 54Issue: 30Published at Mon, 25 Jul 2011 -
POGC Plans Additional South Pars Finance Through Bonds
...arting on 21 March 2011, in cooperation with the Central Bank of Iran (CBI), participation bonds worth $8bn to finance further development phases in the South Pars gas field. Mr Souri said that NIOC has already invested $3bn in South Pars since the beginning of the year. ...
Volume: 54Issue: 30Published at Mon, 25 Jul 2011 -
Salamah Reappointed As CBL Governor
...ternal division between the main political groups in Lebanon today, the country’s bank deposits exceeded $110bn in the first months of 2011 and foreign exchange reserves stood just over $30bn. /font> Commenting on the reappointment, the advisor to the chairman of Fransabank, Joe Sarrouh, told Th...
Volume: 54Issue: 30Published at Mon, 25 Jul 2011 -
SABIC’s 2Q11 Net Income Up 61% On 2Q10
...16.49bn ($4.4bn) compared to SR11.85bn ($3.2bn) in the corresponding period a year ago.The income from operations for 1Q11 amounted to SR13.28bn ($3.5bn) compared to SR9.14bn ($2.4bn) for the same quarter in 2010 (an increase of 45%). The net income for the first six months of 2011 amounted to SR15.79bn ($4....
Volume: 54Issue: 30Published at Mon, 25 Jul 2011 -
Central Bank Governor Says Syria Has $18Bn In Forex Reserves
...vernor said that deposits in the second quarter of this year, ie during the crisis, rose by 4% compared to the end of the first quarter of 2011. He also admitted that the Syrian Pound came under strong pressure at the beginning of the crisis but that its value remained stable. [Currently the of...
Volume: 54Issue: 30Published at Mon, 25 Jul 2011 -
AFPC Completes Pipeline Repairs
...sult of the fire, which had no effect on the company’s output. In the first quarter of 2011, AFPC produced 91,661 b/d of oil and 881 b/d of condensate (MEES, 16 May). ...
Volume: 54Issue: 30Published at Mon, 25 Jul 2011 -
Bulgaria And Russia Sign South Stream Implementation Agreement
...e 63 bcm/year South Stream gas pipeline. The agreement, which was linked to the lowering of Russian gas export prices to Bulgaria, sets a deadline of February 2011 for the establishment of the Gazprom-Bulgargaz joint venture company that will own, build and operate on a 50:50 basis the Bulgarian pa...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
Vitol To Build New Oil Terminal In Cyprus
...port these products from this terminal to other parts of the east Mediterranean,” VTTI CEO Rob Nijst said at a press conference in Nicosia on 22 July. Construction is expected to begin by January 2011 or earlier, with Mr Nijst adding that the facility’s eventual expansion would be modeled on its si...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
Eni Starts Gas Production From Tuna Field Offshore Egypt
...ntinue with in-fill drilling in Temsah field and the development of the Denise B field, which is expected to come into production in 2011, according to Eni....
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
Jordan Expects To Conclude New Deal To Import More Gas From Egypt
...pply to 3.3 bcm/y by the first quarter of 2011. But he added that in the meantime the Egyptian government had pledged to maintain the full 2.4 bcm/y supply provided for under the 2004 agreement. Mr Irani also noted that Jordan plans to convene a meeting of the AGP member countries in 'Amman to di...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
IMF Expects Kuwait’s Economy To Rebound In 2010
...e exchange rate regime, macro-prudential policies should ensure financial stability if inflationary pressures were to reemerge. Selected Kuwaiti Economic Indicators, 2004–11 2004 2005 2006 2007 2008 Prel 2009 Est 2010 Proj 2011 Oil an...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
Moody’s Sees Stable Outlook For Omani Banks And Economic Growth In 2010-11
...imarily for infrastructure projects. “However, banks’ interest rate margins could remain pressured by intense and concentrated competition, while sizeable lending and funding concentrations will raise the banks’ risk profiles,” notes the rating agency. For 2010 and 2011, Moody’s projects the country’s GDP to...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
SABIC Reports Sharp Rise In Income In 1H10
...pacity of 6mn tons of ethylene, propylene and ethylene glycol, is on track, it added in a statement. The company expects 15 out of 16 plants to begin full commercial operations by the end of 2011, according to SABIC Executive Vice-President Musa'id al-Uhali....
Volume: 53Issue: 30Published at Mon, 26 Jul 2010