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Kuwait Launches Four-Year Economic Revamp
...e 2010-11 budget (1 April 2010 to 31 March 2011) published by the government in August hikes spending by 34.6% from the previous year to KD15.7bn ($54.9bn – see tables). It falls short of the record KD19bn ($66.4bn) allocated in the 2008-09 budget, but that increase had focused on areas that do not st...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010 -
Saudi Aramco Poised For Next Stage Of Downstream Expansion Drive
...pansion. Bids for construction of the 2.5bn cfd Wasit gas plant, which will produce around 1.8bn cfd of sales gas from the offshore Hasbah and 'Arabiyah fields, are due in by end-October, with award expected by February/March 2011, contractors say. Meanwhile, bids for construction of a gas treatment and NG...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010 -
Region Needs $70Bn Investment Over 10 Years To Avoid Power Crisis
...ternative energy research to importing coal. Qatar To Export Electricity, Plans $1Bn Solar Center Qatar, the only Gulf country to have surplus gas and electricity, plans to boost its power production to more than 8.707gw by 2011, from 4.263gw at the end of the second quarter of 2008, according to Qatar’s ge...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010 -
OPEC In Good Shape At 50th Anniversary, Says CGES
...s not happy subsidizing other sources of energy, but by following its recent pricing strategy that is exactly what it is doing.” CGES Global Supply/Demand Balance (Mn B/D) 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 2009 2010 2011 World Oil De...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010 -
Economy Remains Wildcard For Market Fundamentals, Says Société Générale (
...arterly report and that it expects stocks to remain steady at current high levels through the first half of 2011 with no drawdowns likely until the second half. Despite a year of recovering oil demand, OECD inventories remain high at over 61 days of forward cover – above five-year highs. Mr Wittner said th...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010 -
Mirkazemi Announces Halt To Gasoline Imports As Sanctions Limit Supply
...l and Unipec will continue to supply Iran once Tehran decides to return to the international market, thought likely before the beginning of the next Iranian year on 21 March 2011. China remains a potential major source of Iranian gasoline supplies, although it is not clear how much fuel could also be...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010 -
Iran’s CNG Retail Network Rapidly Expanding
...twork has expanded rapidly over the past three years. There are expected to be 1,000 vehicles per CNG retail outlet by the end of the current Iranian year (21 March 2010 – 20 March 2011) compared with 1,400 vehicles in 2009 and 1,700 in 2008. Due to the abundance of Iran’s domestic gas resources, Mr Ro...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010 -
NPCC Export Earnings Up By 30% In First Half Of Year
...dolhussain Bayat, told reporterson 20 September that National Petrochemical Commercial Company (NPCC) export revenues were 30% higher in the first half of the current Iranian year (21 March 2010 – 20 March 2011) than in the same period last year. In a ceremony to mark the 20th anniversary of the founding of NP...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010 -
Noble Sanctions Tamar Gas Field Development
...velopment is estimated at $3bn, of which Noble will cover $1.1bn. The company said the majority of key project components have been awarded and development drilling is scheduled to commence by early 2011. The project is expected to come on stream in the fourth quarter of 2012. Noble Energy’s Chairman and CE...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010 -
IMF Says Global Economic Recovery Advances Despite Setbacks To Financial Stability
...10. However, it is projected to slow temporarily during the second half of 2010 and the first half of 2011 due to downside risks, with high uncertainty in financial markets of particular concern. “The combination of sovereign risk and a still weak financial sector in many advanced economies poses si...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010 -
Sudan Prepares Policies To Prevent Post-Referendum Economic Collapse
...untry, including price increases which he said were “a very normal phenomenon.” Mr Mahmud said: “In our estimates, 2011 will be better than 2010 as this has been proven by studies we have conducted on commodity price levels, state revenues, the state’s meeting its obligations, and the availability of ha...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010 -
Turkey Plans Public Offering for TPAO In 2011
...Middle East Economic Survey VOL. LIII No 39 27-Sep-2010 TURKEY Turkey Plans Public Offering for TPAO In 2011 Turkey’s Minister of Energy and Natural Resources Taner Yildiz on 21 September announced that the government in 2011 will take steps to launch an initial pu...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010