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OPEC Keeps Steady Hand On Tiller Amid Uncertain Times
...cession. “The global system is under a big strain,” argues the delegate. “I think some people didn’t learn the lessons of 2008,” he adds. It is noteworthy that OPEC’s global economic growth forecasts at 3.9% for 2010 and 3.6% for 2011 are more conservative than the IMF, which is predicting growth of 4....
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
IEA Raises Global Oil Demand Forecast For 2010-11 By 300,000 B/D
...0,000 b/d its global crude oil demand forecast for 2010 and 2011, saying the revision from last month is “largely the result from new data for July and August showing much stronger than expected third quarter 2010 readings (up by 900,000 b/d versus our previous report), most notably in the OECD.” The IE...
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
EIA Raises 2010 Demand Growth Forecast, 2011 Unchanged
...Middle East Economic Survey VOL. LIII No 42 18-Oct-2010 EIA Raises 2010 Demand Growth Forecast, 2011 Unchanged The Energy Information Administration (EIA) of the US Department of En...
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
Kabyldin Says KMG Will Cover Investment Needs To 2014 Via Loans
...dernize its three oil refineries and another $4bn for the next four years in order to sustain its current running expenses. According to Bloomberg, KMG has $11bn of bonds and loans outstanding, with peak debt payment of $2.7bn in 2011. Mr Kabyldin noted that the main reason for rejecting the IPO option is...
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
Gazprom, Transgaz Sign MOU on South Stream
...tended to the areas of electricity and offshore oil and gas exploration and production. If the result is positive then a decision on creating a South Stream Romania joint venture will be taken by March 2011 at the latest, in ways “that optimize the overall project,” RIA Novostiquoted Mr Miller as sa...
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
Shah Deniz 2 Stage Two Will Not Supply Gas Till 2017
...nner of the SD2 tender will not be taken before June 2011 at the earliest. The three major consortia battling to secure SD2 gas have confirmed that the initial round of talks started in late August. The most optimistic scenario is that all three will pass through the preliminary phase and will be sh...
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
Egypt Launches 2010 Bid Round With 7 EPSA Licenses
...mprising seven exploration and production service agreements (EPSAs) for blocks in and around the Gulf of Suez, state-owned General Petroleum Company (GPC) has announced. Bids for the blocks are due by 20 February 2011, with information regarding the acreage available from 17 October. The blocks on of...
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
Shahristani: ‘Ahdab Dispute Solved’
...rst of three 900,000 b/d capacity single point moorings in the Gulf should be installed by the end of 2011, with the second to follow six months afterwards and the third to by end-2012, Dr Shahristani said. The project received cabinet approval earlier this month (MEES, 4 October)....
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
Samba: OPEC Should Show “Sustained Restraint” As Demand Growth Slows
...periencing a double dip recession in the near future has lessened, though it will be affected by a “nagging slowdown” in developed economies, Samba Financial Group has said in a new report. In its latest edition of Economic Monitor, the bank projects global GDP growth of 4.3% in 2010 and 3.9% in 2011. With th...
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
Syria Inaugurates Oil And Gas Training Center
.../50 joint venture between GPC and INA Naftaplin of Croatia. The plant will have a capacity to produce 3.7mn cmd of sales gas, 180 tons/day of LPG and 12,000 b/d of condensate and crude, and was due to come on stream at the beginning of 2011 (MEES, 2 August). ...
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
Dubai Denies Local Airline Get Preferential Treatment
...Afghanistan, whose mission there does not end until 2011, with Canada now expected to make use of bases located in Cyprus, Pakistan and Germany for the remaining few months of its obligations....
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
OPEC Communiqué – 157th Meeting Of The OPEC Conference
...ected HE Masoud Mirkazemi, Minister of Petroleum of the Islamic Republic of Iran and Head of its Delegation, as President of the Conference for one year, with effect from 1 January 2011, and HE Dr Husain al-Shahristani, Minister of Oil of Iraq, as Alternate President, for the same period. The co...
Volume: 53Issue: 42Published at Mon, 18 Oct 2010