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Iraqi Hydrocarbon Tensions Ratchet Up
...ditional statement that high oil prices had enabled exports in the first seven months of the year to cover the entire 2011 budget needs, “which indicates that Iraq can achieve a high surplus.” Nevertheless any fall in oil price or let-up in the current intense rates of southern loadings could well br...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
Kuwait Increases LNG Imports And Fuel Oil Exports
...the first eight months of 2011 compared to the same period last year, and looks set to continue imports into November – a month beyond its contracts with Shell and Vitol to provide cargoes until October. A KPC source says Kuwait’s Committee to study building permanent LNG import facilities ha...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
BP Eyes Expansion Of 1Bn CFD Oman Gas Project
...ird quarter 2011, due to a delay in starting up the EWT and the need to await results from a second horizontal well. BP will submit the field development plan to the government by the end of the first quarter 2012. It will then go to tender for engineering procurement and construction (EPC) co...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
OPEC Output Nudges Up
...oduction August 2010 – August 2011 (MEES Estimates – ‘000 B/D) 2011 2010 Target# Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Sep Au...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
Saudi Crude Prices Cut To US, Boosted To Europe And Asia
...r October 2011 and the previous 12 months for deliveries to the US, Europe and the Far East – on an FOB Saudi Arabia basis, 50 days after B/L for the US, 40 days after B/L for NW Europe, and B/L date to the Far East – are as follows ($/B): US (Price Reference ASCI) 2011...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
Crude Oil Formulas/Posted Prices
...Middle East Economic Survey VOL. LIV No 37 12-Sep-2011 Crude Oil Formulas/Posted Prices ($/B) Abu Dhabi ($/B) 2011 2010 Aug Jul Jun May Apr Mar Feb Jan De...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
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 -
Political Comment (12 September 2011)
...Middle East Economic Survey VOL. LIV No 37 12-Sep-2011 Political Comment (12 September 2011) Following the delivery to the UN of the Palmer report on last year's Mavi Marmara incident, there has been a dramatic deterioration in relations between Turkey and Israel, with the Tu...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
What Happens In Europe May Not Stay In Europe: Fear Of A US Recession
...mmousm@drexel.edu. Fears of a developing sovereign debt crisis in Europe started in late 2009, but the situation became particularly tense in early 2011. ‘Crisis Europe’ included Eurozone members Greece, Ireland and Portugal and also some European Union (EU) countries from outside the Eurozone. In the EU, pa...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
The Dawn Of A New Energy Era
...Middle East Economic Survey VOL. LIV No 37 12-Sep-2011 The Dawn Of A New Energy Era By Vahid Fotuhi Mr Fotuhi is Chairman of the Emirates Solar Industry Association (ESIA). The year 2011 has been memorable for the Middle East. But while all the media attention has been fo...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011