1. Multi-Billion Dollar Financing Proposal Boosts Nabucco Project

    ...ch agency, Nabucco said. Soon after, ECAs and international banks are expected to commence their due diligence, with commitments from potential lenders being sought in 2011 and the wrapping up of the entire financing package planned for the second half of 2011, said Nabucco. However, some financiers su...

    Volume: 53
    Issue: 37
    Published at Mon, 13 Sep 2010
  2. Egypt Courts More Hydrocarbons Investment

    ...ned affiliate Ieoc, with the remainder owned by Lukoil (24%) and Mitsui (20%). Agiba, a joint operating company owned equally by Ieoc and EGPC, is the operator. Agiba plans to ramp up production via four more wells in 2010 and 2011, to 3,000 b/d of oil equivalent (boed). It is part of Eni’s strategy to...

    Volume: 53
    Issue: 37
    Published at Mon, 13 Sep 2010
  3. OPEC Sees Uncertain 2H10 Demand, Eases Output In August

    ...en downgraded by 100,000 b/d for both 2010 and 2011. Stocks continue to rise, weighing on the market, the MOMR noted. US commercial stocks are at their highest level since January 1993. And “at 361.7mn barrels, US crude oil stocks continued their contra-seasonal build to reach the highest level si...

    Volume: 53
    Issue: 37
    Published at Mon, 13 Sep 2010
  4. Robust Deal Flow In Energy Project Financing

    ...llar MENA projects are continuing to attract funding. Both sponsors and lenders are encouraged by conditions which are considerably more stable than the immediate aftermath of the financial crisis. They expect the deal flow to remain robust through the rest of the year and into 2011. In fact, many are pr...

    Volume: 53
    Issue: 37
    Published at Mon, 13 Sep 2010
  5. Crude Prices Hold Steady With WTI At $74/B

    ...onomic recovery will slow this year and into 2011. It added that global oil demand will be 86.8mn b/d in 2010 and 87.9mn b/d in 2011, “suggesting increments of 1.9mn b/d and 1.3mn b/d respectively.” In its Weekly Petroleum Status Report, released on 9 September, the US Energy Information Administration (EI...

    Volume: 53
    Issue: 37
    Published at Mon, 13 Sep 2010
  6. EIA Sees Little Change In World Oil Market Outlook

    ...global oil inventories over the forecast period should lend support to firming oil prices,” the EIA said. “World oil prices are expected to rise slowly as global economic growth leads to higher global oil demand, growth in non-OPEC oil supply slows in 2011 and members of OPEC continue to support wo...

    Volume: 53
    Issue: 37
    Published at Mon, 13 Sep 2010
  7. 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: 53
    Issue: 37
    Published at Mon, 13 Sep 2010
  8. 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: 53
    Issue: 37
    Published at Mon, 13 Sep 2010
  9. 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: 53
    Issue: 37
    Published at Mon, 13 Sep 2010