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ExxonMobil, Statoil & QP Make First Forays Into Cyprus’ Offshore
...ntains Cyprus’ sole gas-find to-date, the 5 tcf Aphrodite, which was discovered in late 2011 by US-firm Noble and Israeli partner Delek. UK firm BG (since taken over by Anglo-Dutch major Shell) purchased a 35% stake in the field from Noble in November of last year (MEES, 27 November 2015). Eni is bidding fo...
Volume: 59Issue: 30Published at Fri, 29 Jul 2016 -
Opec Winning Back Market Share in Key Asian Markets
...16. However, while the importance of the Asian market for Opec has been growing, Opec’s importance to the region has been falling. IGA and Opec data shows that in 2011, 65.5% of Asia’s oil imports came from Opec, but this fell to 61.2% in 2014 and just 60.1% last year. But Opec’s Saudi-driven strategy to...
Volume: 59Issue: 30Published at Fri, 29 Jul 2016 -
International Donors Provide Fresh Funds For Countries Hosting Syrian Refugees
...nflict in 2011. Existing infrastructure and utilities in these host countries are incapable of coping with the influx of millions of Syrian refugees and new resources are urgently needed to put in place the basic minimum facilities. While aid has already been pledged by the international community to...
Volume: 59Issue: 30Published at Fri, 29 Jul 2016 -
Dubai In Unwelcome Headwinds
...ported this week that property prices in Dubai have fallen by around 25% since their most recent peak in 2014, but remain above their 2011 trough. However, the IMF reports that the quality of the real estate loan portfolio is significantly better than prior to the 2009 crash. Overall, Dubai, in...
Volume: 59Issue: 30Published at Fri, 29 Jul 2016 -
Egypt Seeks IMF Rescue Package As Pound Collapses
...turn to economic stability and to support strong, sustainable and job-rich growth,” he added. THE IMF: A LAST RESORT? The government has finally decided to knock at the IMF’s door seeking financial support after repeatedly failing to reach an agreement on a suitable package since the January 2011...
Volume: 59Issue: 30Published at Fri, 29 Jul 2016