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Bahrain’s Economy Sluggish In 2Q11 As Political Turmoil Weighs
...Middle East Economic Survey VOL. LIV No 37 12-Sep-2011 Bahrain Bahrain’s Economy Sluggish In 2Q11 As Political Turmoil Weighs Bahrain’s economy saw its real GDP fall by 1.4% in the first three months of 2011 relative to the previous quarter, representing the Gulf state’s fi...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
Egypt Focuses On Local Market Funding, Will Sell $20Bn Of Treasury Bills, Bonds
...nfirmed that it has started implementing a E£700 minimum wage for all government workers, and it plans to cover all employees by the end of 2011. ...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
Kuwait’s Real GDP Will Grow By 5.6% In 2011-12, Says QNB Capital
...Middle East Economic Survey VOL. LIV No 37 12-Sep-2011 KUWAIT Kuwait’s Real GDP Will Grow By 5.6% In 2011-12, Says QNB Capital Kuwait’s real GDP is forecast to grow by 5.6% in 2011-12, as work gets underway on the new development plan and oil production rises, said QNB Ca...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
Oman And Lebanon Announce Plans To Boost Government Spending
...dget, its Finance Minister Mohammed Safadi revealed. “The budget will increase by 15% roughly. Our deficit will not be more than $3bn at best. So we will be borrowing,” he said. Lebanon’s 2011 draft budget, submitted in September, put government spending on infrastructure at around $13.1bn – re...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
BCG Estimates Middle East Assets Growth At 10% In 2010
...ming years, professionally managed assets are estimated to grow at 9-10%.Regional investments will continue to be mostly direct. Some product trends observed before the crisis have continued through 2009 and 2010 and into 2011. One key ongoing trend is the faster growth of more risk-averse, pa...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
EU Bans Imports Of Syrian Crude
...verse effect on oil markets. Official figures put Syrian crude oil production at 387,250 b/d during the first half of 2011, equivalent to about 0.4% of global oil supply, according to data issued by Bank of America Merrill Lynch. Most of Syria’s crude production is refined for local use and some pe...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
Algeria Launches Upstream Bidding Round Amid Intense Scrutiny
...tober to 20 December. Alnaft will accept proposals for modifications up to 10 January 2011. The final contract will be issued no later than 7 February, with bids to be opened at a ceremony on 3 March, Alnaft said. Contract signing is scheduled for 20 March. The bidding round announcement is significant in...
Volume: 53Issue: 37Published at Mon, 13 Sep 2010 -
Gazprom To Double Azeri Gas Imports In 2011
...Middle East Economic Survey VOL. LIII No 37 13-Sep-2010 CASPIAN Gazprom To Double Azeri Gas Imports In 2011 Russia’s Gazprom and Azeri state firm Socar agreed on 3 September to amend th...
Volume: 53Issue: 37Published at Mon, 13 Sep 2010 -
Tunisia Supported Throughout Global Crisis By Sound Policies And Reforms, Says IMF
...y 2010 due to rising food prices, but non-food price increases have remained moderate at around 3%. Tunisia: Selected Economic And Financial Indicators, 2005–11 Projections 2005 2006 2007 2008 2009 2010 2011 Pr...
Volume: 53Issue: 37Published at Mon, 13 Sep 2010 -
ERC Targets Early 2010 Financial Close For Musturud Refinery Upgrade
...stream in 2011 at a cost of $2.25bn....
Volume: 52Issue: 37Published at Mon, 14 Sep 2009 -
Nord Stream Expects Bank Responses In Early October
...et about 25% of this additional requirement by connecting the European gas pipeline network to Russia, which boasts the world’s largest gas reserves. Nord Stream’s first of two parallel pipelines will be operational in 2011. Each line is approximately 1,220km long, with a capacity to transport so...
Volume: 52Issue: 37Published at Mon, 14 Sep 2009 -
Syria Has No Surplus Gas For Export At Present
...cond half of 2010. The Jihar Gas Project is expected to start up in 2011 with full production capacity of 3.7mn cmd. Syria Prepares For Egyptian Gas Flow To Lebanon Meanwhile, Syrian oil sources report that preparations are underway in Syria for the flow of Egyptian gas to Lebanon from AGP, wi...
Volume: 52Issue: 37Published at Mon, 14 Sep 2009 -
Eni To Purchase First Calgary Petroleums
...tural gas. The Italian major estimates that the acquisition of FCP will increase its reserves by approximately 190mn boe of proven and probable (2P) reserves within its own Algerian portfolio. Production in the block is scheduled to come on-stream in 2011 with a plateau of Eni’s share production re...
Volume: 51Issue: 37Published at Mon, 15 Sep 2008 -
Lukoil To Bring GdF Into Yamala Block Exploration
...ploration phase of the license by 2011. GdF will cover 15% of costs already incurred. The PSA work obligations include the drilling of two wells and the acquisition of 2D and 3D seismic data....
Volume: 51Issue: 37Published at Mon, 15 Sep 2008 -
Egypt’s Citadel Capital Awards EPC Contract For New Refinery
...rporation (EGPC) of around $200mn, primarily through savings on the import of oil products to Egypt, and to prevent the release of 75,000 tons of sulfur into the atmosphere in greater Cairo. The estimated cost of the entire project, due to be completed and commissioned by September 2011, is around $2....
Volume: 50Issue: 37Published at Mon, 10 Sep 2007 -
Nama Selects Petronas As Partner For Private Jubail Export Refinery
...ovisionally scheduled for start-up in 2011 (MEES, 15 May). In August, Saudi Aramco announced initial contracts for a separate 400,000 b/d refinery in Jubail that it is developing in partnership with Total, while a similar plant is under development in partnership with ConocoPhillips in Yanbuʹ (MEES, 28 August)....
Volume: 49Issue: 37Published at Mon, 11 Sep 2006 -
ENPPI, Saudi Aramco Sign Contract On Safaniya Water Disposal Upgrade
...ntract to execute the Safaniyah Water Disposal System Upgrade Project. The project will expand the Safaniyah Arabian Heavy Crude and Utilities Plants to maintain the plant’s crude oil demand until 2011, said Saudi Aramco. It will add a low-pressure producing trap capable of the three-phase separation of oi...
Volume: 49Issue: 37Published at Mon, 11 Sep 2006