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Saudi Arabia Proposes Record Breaking Arms Deal With US
...dernize hardware and need to counter any insurgents from Yemen. “This will push the defense budget higher in 2010 and 2011, in absolute and percent terms,” he predicts. At this stage it is uncertain when spending on the US deal will kick in....
Volume: 53Issue: 38Published at Mon, 20 Sep 2010 -
Vegas And Shell Ramping Up Egyptian Production
...producing at 1,100 b/d. Subject to state owned Egypt Gas Petroleum Company (EGPC) approval, Vegas will implement a full field development plan in 2011. The consortium has invested almost $100mn in exploration, appraisal and development. The commercial feasibility of producing gas is being reviewed an...
Volume: 53Issue: 38Published at Mon, 20 Sep 2010 -
IEA Raises 2010 Crude Oil Demand Forecast By 50,000 B/D, 2011 Unchanged
...Middle East Economic Survey VOL. LIII No 38 20-Sep-2010 IEA Raises 2010 Crude Oil Demand Forecast By 50,000 B/D, 2011 Unchanged The International Energy Agency (IEA) has revised upward by 50...
Volume: 53Issue: 38Published at Mon, 20 Sep 2010 -
ESAI Forecasts Crude Oil Demand Growth Of 1.75Mn B/D For 2010, 1.5Mn B/D For 2011
...Middle East Economic Survey VOL. LIII No 38 20-Sep-2010 ESAI Forecasts Crude Oil Demand Growth Of 1.75Mn B/D For 2010, 1.5Mn B/D For 2011 Energy Security Analysis, Inc (ESAI) has forecast cr...
Volume: 53Issue: 38Published at Mon, 20 Sep 2010 -
Ukraine Says LNG Project With Kazakhstan Postponed, Outlines Gas Production Plan
...zakhstan’s draft budget, issued on 13 September, indicated that Astana plans to produce 81mn tons of crude and condensate in 2011, and to increase production further to 83mn tons in 2012. The draft said that this year Kazakhstan exceeded its production quota of 80mn tons by 2-3mn tons, due to increased ou...
Volume: 53Issue: 38Published at Mon, 20 Sep 2010 -
IAEO Chief Says Bushehr Nuclear Plant Will Reach 40% Capacity By Year-End
...s full production capacity by the end of 2010. Iran aims to raise Bushehr output to its full capacity of 1gw by the end of March 2011....
Volume: 53Issue: 38Published at Mon, 20 Sep 2010 -
Kuwait Plans Four Nuclear Reactors By 2022, KNNEC Chief Says
...e most common material to be used as a coolant, but the emirate’s coastline is heavily populated. Meanwhile, Mr Bishara recently told Bloomberg in an interview that the emirate was currently drafting a roadmap for its nuclear program. The plan, which could be ready by January 2011, will include a ti...
Volume: 53Issue: 38Published at Mon, 20 Sep 2010 -
US Threatens Sanctions If Sudan Referendum Is Delayed
...ople. It is scheduled for 9 January 2011, with most voters expected to back partition. On a recent visit to the country, President Barack Obama’s envoy Scott Gration “made clear that there are a range of consequences that will be deployed if the situation in Sudan deteriorates or fails to make pr...
Volume: 53Issue: 38Published at Mon, 20 Sep 2010 -
Gulfsands’ Syrian Oil Production Now Averaging About 20,000 B/D
...25% of the exploration license for Block 26, thereby reducing the acreage to 5,414 sq km. At the same time the term of the license was extended till August 2011. ...
Volume: 53Issue: 38Published at Mon, 20 Sep 2010 -
Kulczyk Oil Sells 30% Interest In Syria’s Block 9
...2011. Late last year Kulczyk announced that it has agreed to transfer 20% interest in Block 9 to Triton Petroleum and a 5% interest to an unrelated party (MEES, 21/28 December 2009). Following this latest sale of equity, Loon Latakia will now have a 45% interest in the block; MENA Hydrocarbons (Sy...
Volume: 53Issue: 38Published at Mon, 20 Sep 2010