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Gulf Turns To Unconventional Gas To Ease Shortage
...formation Administration (EIA) did not include the Middle East in its 2011 global shale gas survey, stating that the region has plenty of gas. Conference speakers, however, said that unconventional gas is needed and could be produced at costs significantly lower than importing LNG. One estimate is that th...
Volume: 54Issue: 41Published at Mon, 10 Oct 2011 -
Oil Prices Rally As Europe Moves To Stem Economic Slide
...ntiment is notoriously fickle and, more fundamentally, we believe that too much damage has already been done to business and consumer confidence; this should feed through to the real economy.” He said Société Générale sees a price of $98/B for Brent and $73/B for WTI in the fourth quarter of 2011 and fi...
Volume: 54Issue: 41Published at Mon, 10 Oct 2011 -
OPEC Supply Steady As Challenging Fundamentals Threaten Oil Market Status Quo
...oduction September 2010 – September 2011 (MEES Estimates – ‘000 B/D) 2011 2010 Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Sep Al...
Volume: 54Issue: 41Published at Mon, 10 Oct 2011 -
Japanese Crude Oil Imports Remain At 3.5Mn B/D During August
...onomy, Trade and Industry (METI) on 30 September. Year-on-year imports declined by 2.51% from 3.594mn b/d in August 2010. Monthly crude oil imports from the Middle East fell to 2.902mn b/d, down by 8.01% from 3.155mn b/d in July 2011 and down by 4.83% from 3.049mn b/d in August 2011. Saudi Arabia re...
Volume: 54Issue: 41Published at Mon, 10 Oct 2011 -
Saudi Crude Prices Increased For Asia, Reduced For US And Europe
...13/B in early September. The formulas for November 2011 and the previous 12 months for deliveries to the US, Europe and the Far East – on an FOB Saudi Arabia basis, 50 days after B/L for the US, 40 days after B/L for NW Europe, and B/L date to the Far East – are as follows ($/B): US (Pr...
Volume: 54Issue: 41Published at Mon, 10 Oct 2011 -
Crude Oil Formulas/Posted Prices
...Middle East Economic Survey VOL. LIV No 41 10-Oct-2011 Crude Oil Formulas/Posted Prices ($/B) Oman ($/B) 2011 2010 Nov Oct Sep Aug Jul Jun May Apr Mar Fe...
Volume: 54Issue: 41Published at Mon, 10 Oct 2011 -
Egypt’s Finance Minister Calls For Austerity
...Middle East Economic Survey VOL. LIV No 41 10-Oct-2011 EGYPT Egypt’s Finance Minister Calls For Austerity Egypt’s Deputy Prime Minister and Finance Minister Hazim al-Biblawi has called on all government entities to abide by their projected allocations in the 2011-12 budget an...
Volume: 54Issue: 41Published at Mon, 10 Oct 2011 -
Audit Court Criticizes Ahmadinejad’s Energy Policies
...e oil industry’s production has been reduced... The reduction has accelerated during the first three months of 2011,” Mr Katouzian was quoted as saying. The report was also critical of the overall handling of the economy by the president....
Volume: 54Issue: 41Published at Mon, 10 Oct 2011 -
Five Consortia Bidding To Develop Kuwait’s First IWPP
...st add power capacity of 10gw, from the current 11.3gw, according to National Bank of Kuwait (NBK) figures. Kuwait’s water capacity is 390mn g/d and it needs to hike this to 760mn g/d by 2020 (MEES, 14 February 2011). The tender for the Al-Zour North 1 IWPP was issued earlier this year after 16 in...
Volume: 54Issue: 41Published at Mon, 10 Oct 2011 -
HSBC And Emirates NBD Lend $200Mn For DEWA IPP
...e fact that talks to reschedule Dubai’s debt were ongoing at the time (MEES, 26 April 2010). These talks subsequently reached a successful outcome (MEES, 28 March 2011). The UAE is one of the world’s highest per capita consumers of water and electricity and hence is seeking to secure its long te...
Volume: 54Issue: 41Published at Mon, 10 Oct 2011 -
Political Comment (10 October 2011)
...Middle East Economic Survey VOL. LIV No 41 10-Oct-2011 Political Comment (10 October 2011) Russia and China have vetoed a Security Council resolution that could have led to eventual sanctions on Syria. International pressure has forced the Bahraini authorities to rethink the co...
Volume: 54Issue: 41Published at Mon, 10 Oct 2011