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New Lebanon Bid Round Delay
...LEBANON New Lebanon Bid Round Delay Lebanon’s caretaker Minister of Energy and Water Gebran Bassil says international oil companies (IOCs) have an additional month to submit their bids for rights to explore Lebanon’s offshore. The new deadline of 10 January 2014 follows an...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Jordan Receives 51 Applications For ‘Amman Products Terminal
...JORDAN Jordan Receives 51 Applications For ‘Amman Products Terminal Jordan’s Ministry of Energy and Mineral Resources has announced that 51 companies and consortia have applied for prequalification to build a strategic products reserves terminal near ‘Amman during 2014-15. Mo...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
QEWC Secures $450Mn Funding For Desalination
...owth by 0.13 percentage points in 2014, and raises other risks. The third scenario, given the present difficulties for the global economy, envisages the same $150/B spike, accompanied by greater adverse effects on confidence, with capital retreating to safe havens and a persistent decline in eq...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Challenges To KRG Political Stability
...ections in the spring of 2014. A negative Kurdish response will mean an indefinite postponement of the federal elections. A second matter requiring Mr Barzani’s attention is the question of relations with Kurds in the neighboring states of Syria, Turkey and Iran and whether the time has come to ca...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Majors Look To Cling On To ADCO Stakes
...bid by state-owned ADNOC, their 2% in ADCO translates into 36% of total production. Regardless of these percentages, the stakes are high and the Abu Dhabi authorities are keeping their legacy foreign oil operators on tenterhooks as they consider options ahead of contract expiry in January 2014...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Algeria’s 2014 Draft Budget Ups Deficit By 12.4%
...ALGERIA Algeria’s 2014 Draft Budget Ups Deficit By 12.4% Algeria’s 2014 budget indicates a deficit of AD3,438bn ($43.6bn at $1=AD78.8), up 12.4% on 2013. The 2014 deficit will represent 18.1% of GDP, up from 12.8% for 2013. The draft law was presented to parliamentary co...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
IMF Downgrades MENA Growth Forecasts
...REGIONAL IMF Downgrades MENA Growth Forecasts Real GDP growth in the MENA region is expected to decline to 2.1% in 2013 from 4.6% in 2012, before rising to 3.8% in 2014, according to the IMF latest six-monthly World Economic Outlook released on 8 October. The 2013 pr...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Kuwait Finance Minister Calls For Leaner Public Sector And Reforms
...10 2011 *2012 *2013 (P) 2014(P) Oil and gas exports ($bn) 82.6 48.9 61.8 96.7 11...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
OPEC Output At Near Two Year Low In September On Iraqi Outages
...13 percentage points in 2014, and raises other risks. The third scenario, given the present difficulties for the global economy, envisages the same $150/B spike, accompanied by greater adverse effects on confidence, with capital retreating to safe havens and a persistent decline in equity pr...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013