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MEES Agenda: Oil Revenue Accusations Fly In Run-Up To Sudan’s Election
...yment in Sudanese pounds was a “sinister” trick to destabilize the south’s economy ahead of a 9 January 2011 vote on whether the south should secede from the north. The central bank, however, refuted the claims. “It has never once happened, since the signing of the peace deal in 2005, that the south’s sh...
Volume: 53Issue: 35Published at Mon, 30 Aug 2010 -
Crude Prices Slip Further But Remain Above $70/B
...ompted Barclays Capital to adjust its crude price forecast downward to $78/B for WTI in 2010 and $85/B for 2011, respectively $4/B and $7/B lower than its previous forecast. “Following the [US Federal Open Market Committee] statement which reinvigorated the short oil macro theme last week,” Barclay’s Ca...
Volume: 53Issue: 35Published at Mon, 30 Aug 2010 -
CGES Sees Crude Demand Rising But Growth Rate Slowing
...e pace of the increase is likely to slow in the second half of 2010 and in 2011 from the levels seen in the first half of this year, the Centre for Global Energy Studies (CGES) said in its latest Monthly Oil Report (MOR), released on 23 August. This is due in part to the fact that in the first half of...
Volume: 53Issue: 35Published at Mon, 30 Aug 2010 -
Second Pipeline Of Central Asia-China Gas System Nears Completion
...ported on 20 August. Line B is scheduled to be operational by the end of September, and will add an initial 9 bcm/year of capacity to the Central Asia-China system, which is intended to reach a throughput capacity of 30 bcm/year by the end of 2011. The 1,833km pipelines connect Turkmenistan’s gas fields al...
Volume: 53Issue: 35Published at Mon, 30 Aug 2010 -
Saudi Inflation Rises To 5.5% In June
...ivate sector bank credit”, says the report. Loans worth an estimated SR73bn ($19.47bn) should be booked by banks in the second half and into the first months of 2011. Saudi banks have raised their foreign assets by 13.2% since January in preference to overnight deposits with the Saudi Arabian Monetary Ag...
Volume: 53Issue: 35Published at Mon, 30 Aug 2010 -
Emirates Steel Signs $1.1Bn Project Financing Agreement
...reement on 24 August with a consortium of seven conventional banks and two Islamic finance institutions. The financing will partly fund an ongoing $2.45bn expansion and upgrading program that will raise ESI’s steel production capacity from 2mn tons/year now to 3mn t/y in 2011. Official news agency WAM re...
Volume: 53Issue: 35Published at Mon, 30 Aug 2010