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Chevron Takes Stake In Kurdish Oil Sector
...e California-based major may have come out earlier than ExxonMobil after disclosing its deal – for months after the November 2011 announcement ExxonMobil refused to comment on its KRG investment – but it is nevertheless keeping its cards close to its chest. “We do not disclose details of our di...
Volume: 55Issue: 30Published at Mon, 23 Jul 2012 -
Confusion Spreads Over Abu Dhabi Oil Fields Concession
...ld Bloomberg News at the inauguration about BP not being invited: “The whole process is just starting, so we can’t be definitive with anyone. Still, everything is open.” The confusion is continuing into its fourth year. Twice in 2011 ADNOC told its ADCO partners – ADNOC 60%; Shell Total, BP an...
Volume: 55Issue: 30Published at Mon, 23 Jul 2012 -
Hormuz Bypass Pipeline Inaugurated, Operational By Year-End
...ong with Rotterdam and Singapore. MEES reported last year that Abu Dhabi was considering the possibility of building a second crude pipeline to bypass the strait by 2020. The financing for the project would again be organized by IPIC (MEES, 23 May 2011). Propaganda And Political Ma...
Volume: 55Issue: 30Published at Mon, 23 Jul 2012 -
Iran’s High Inflation Could Derail Targeted Subsidies Plan
...unteract the poor performance of the economy, spiraling inflation and unemployment. Although the government claims to have created some 2.5mn jobs in 2011-12, the unemployment rate according to reliable sources was still around 20% last winter, with many young people and university graduates out of work, ac...
Volume: 55Issue: 30Published at Mon, 23 Jul 2012 -
Egypt’s New Finance Minister Faces Fiscal Policy Challenges
...dget deficit, but this was rejected by the ruling military council, which was concerned about building up debts. The fiscal 2011-12 budget was originally conceived with a wider deficit, set at 11% of GDP, but after the government turned down soft loans from the IMF and World Bank (WB), this wa...
Volume: 54Issue: 30Published at Mon, 25 Jul 2011 -
Fujairah’s Safe Haven Port Grows As An Energy Hub
...rmuz. The Abu Dhabi Crude Oil Pipeline (ADCOP) will start operating in the first quarter of 2011. By exporting its oil at a point outside the Strait of Hormuz, Abu Dhabi will reduce journey time of getting oil to markets, avoid the heavy insurance shipping premiums for tankers using the strait during ti...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
GCC Power Grid Goes Live, Provides Model For Regional Cooperation
...wait, while the line that will link in the UAE is scheduled for completion in 2011, with Oman expected to follow shortly thereafter (see map). The initial connection is a milestone for a project that was planned back in 1991 – construction started in 2004 – and it could usher in a new era of re...
Volume: 52Issue: 30Published at Mon, 27 Jul 2009 -
Faltering Upstream Progress Undermines Libyan Output Targets
...,000 b/d development plan for some of the oil and gas finds it has made in Area 47 in the Ghadames Basin. Verenex says it could achieve first production by 2011, which makes it potentially one of the fastest field development projects on the table in Libya, and has said that future production sc...
Volume: 52Issue: 30Published at Mon, 27 Jul 2009 -
SRAK Strikes Gas In Saudi Arabia, But Tough Terms And Rising Costs Cloud Development Prospects
...ran gas suggests any extra costs will be met, and that the company will attempt to stick to the schedule to provide gas by December 2011. At Karan, two platform jackets have already been installed, MEES understands. The Karan cost increase results from some scope changes (storage capacity was in...
Volume: 51Issue: 30Published at Mon, 28 Jul 2008 -
IEA’s Medium-Term Outlook: More Comfortable Spare Oil Production Capacity By 2011
...Middle East Economic Survey VOL. XLIX No 30 24-Jul-2006 SUPPLY/DEMAND IEA’s Medium-Term Outlook: More Comfortable Spare Oil Production Capacity By 2011 The International Energy Agency (IEA) pu...
Volume: 49Issue: 30Published at Mon, 24 Jul 2006