- Sort by:
- Score
- Published ▼
-
Praise For Egyptian Joint Ventures’ Performance
...the Gulf of Suez, whilst Agiba produces mostly from the Western Desert (MEES, 28 May) These six joint ventures produced a total of 489,000 b/d for the 2011-12 financial year (July 2011 to June 2012), accounting for over 70% of Egypt’s oil production and over 50% of gas output (see ta...
Volume: 55Issue: 33Published at Mon, 13 Aug 2012 -
Western Zagros Gets New Investment
...alakan block, operated by the UAE’s New Age. Western Zagros, which already has an investment from the UAE’s TAQA (MEES, 7 November 2011), also announced that Gazprom Neft had made its contractual payment of Can$83mn as part of its recent purchase of the 40% third party non-operator stake in We...
Volume: 55Issue: 33Published at Mon, 13 Aug 2012 -
IMF Finalizes $2Bn Standby Arrangement For Jordan
...mpany (NEPCO) to increase to 4.9% of GDP in 2011 from 0.8% in 2010. As a result of the economic shocks growth slowed significantly, investor confidence weakened, and the external current account deficit (including grants) widened to 12% of GDP in 2011 from 7% in 2010, Ms Kostial said. Ac...
Volume: 55Issue: 33Published at Mon, 13 Aug 2012 -
Lebanon’s Economy Hit By Power Crisis and Syrian Turmoil
...nances. EDL’s subsidies cost the government $1-1.5bn per year, widening the fiscal deficit, which Citi expects to hit 7.9% of GDP in 2012 from 5.7% in 2011. Lebanon Complies With International Sanctions Against Syria Central Bank of Lebanon (CBL) Governor Riad Salamah told the daily al-Ha...
Volume: 55Issue: 33Published at Mon, 13 Aug 2012 -
IMF Approves $6.2Bn Credit Line For Morocco
...ecautionary and Liquidity Line (PLL), which was added to the IMF’s lending toolkit in 2011. According to the IMF, the PLL “will provide a useful insurance against external shocks in light of the heightened uncertainty worldwide, and allow the authorities to continue with their home-grown reform agenda aimed at...
Volume: 55Issue: 33Published at Mon, 13 Aug 2012 -
IMF Cautions Saudi Arabia About Overspending
...ills.” The directors commended Saudi Arabia’s efforts to support the global economy in 2011 by raising oil production to help in stabilizing global oil markets and praised its commitment to provide $15bn in additional resources for the IMF which has contributed to world stability. The IMF noted that hi...
Volume: 55Issue: 33Published at Mon, 13 Aug 2012 -
Syria Turns To Russia And Iran To Beat International Sanctions
...untry Risk Weekly Bulletin of 2 August quotes the Institute of International Finance (IIF) estimate that capital flight from Syria between March 2011 and July 2012 had topped $10.5bn, equivalent to about 21% of GDP. At the beginning of the crisis the Central Bank of Syria (CBS) put its foreign exchange re...
Volume: 55Issue: 33Published at Mon, 13 Aug 2012 -
Apache Announces Two Discoveries In Egypt’s Faghur Basin
...rassic Safa formation. “The latest discoveries were developed through evaluation of modern 3D seismic surveys acquired over the southwestern part of the Khalda Offset Concession and the southern part of the West Kalabsha Concession,” Apache said in a statement, adding: “In 2011, Apache has dr...
Volume: 54Issue: 33Published at Mon, 15 Aug 2011 -
IMF Sees Positive Growth Outlook For Iranian Economy
....4% in 2009-09 to 12.4% in 2010-11 and has managed to contain inflation in the aftermath of the subsidy reform. It added that the consumer price inflation had increased from 10.1% in December 2010 to 14.2% in May 2011. [However this rate has since risen to 15.4% in the month ending on 21 June 2011...
Volume: 54Issue: 33Published at Mon, 15 Aug 2011 -
Israel Raises Electricity Consumer Costs As A Result Of Egyptian Gas Supply Cuts
...low it to save NIS1bn ($283mn) through the end of 2011. The directive calls for the tax cut to be implemented retroactively to February of this year. The ministry said it was not possible to prevent the hike in electricity rates due to the rising price of fuel on the international markets, in...
Volume: 54Issue: 33Published at Mon, 15 Aug 2011 -
Jordan Announces Price Increases For Some Petroleum Products
...st will apply until 6 September. Product Prices Effective 3 August 2011 (Fils/Liter, Unless Otherwise Stated) 2011 2010 Product 3 Aug 1 Jun 2 May 1 Apr 4 Mar 28 Ja...
Volume: 54Issue: 33Published at Mon, 15 Aug 2011 -
Pakistan Moves Slowly On Iran Gas Pipeline And Qatari LNG Imports
...obably involve a floating storage and regasification unit (FSRU), MEES understands. It is unlikely to be operational by the target year of 2011. Furthermore, one of the 4Gas shareholder companies is in Chapter 11 bankruptcy, but it us unclear how this affects the whole project. GDF Suez and Shell are mo...
Volume: 53Issue: 33Published at Mon, 16 Aug 2010 -
QAPCO Secures $200Mn Murabaha Facility From Qatar Islamic Bank
...the two companies. The LDPE-3 project is scheduled to be completed in December 2011 and will be the last in a matrix of connected plants, which includes Qatofin, and Q-Chem. The Qatofin and Q-Chem 2 projects completed their financing on 16 November 2005 (MEES, 28 November 2005). Q-Chem 2’s to...
Volume: 52Issue: 33Published at Mon, 17 Aug 2009 -
Agrium, Egyptian Government Reach Agreement On Eagrium Project
...pacity to approximately 2mn t/y of urea. Agrium’s share of production would be 175,000 t/y of urea until the expansion is complete in 2011, after which it would increase to approximately 525,000 t/y. “We anticipate earning contributions to commence in the fourth quarter of this year. The original Ea...
Volume: 51Issue: 33Published at Mon, 18 Aug 2008 -
Nematzadeh Announces Finalization Of Contract For New Condensate Refinery
...ndensate splitters, is expected to start up in 2011 (MEES, 14 April)....
Volume: 51Issue: 33Published at Mon, 18 Aug 2008 -
Shaw Group Wins LPG FEED Contract At Hassi Messaoud
...cility at the giant Hassi Messaoud oilfield in Algeria. The US engineering company said it expected the facility to be commissioned in 2011. Algeria is one of the world’s top LPG producers, with a current annual output of around 9mn tons. ...
Volume: 50Issue: 33Published at Mon, 13 Aug 2007 -
Foster Wheeler Wins Karan Gas Plant FEED Contract
...ream in 2011. The new onshore facilities are expected to deliver sales gas to meet the growing Saudi demand for gas. In addition, a small percentage of the sales gas will be utilized for the plant fuel and 640 ton/day of sulfur will be produced. The facilities will comprise gas processing trains, an...
Volume: 50Issue: 33Published at Mon, 13 Aug 2007