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Tunisia: Election Time In The Arab Spring’s Sole Survivor
...their lot since the end of the Ben Ali regime. Unemployment has even increased since the revolution, standing at 15.2% in the first quarter of 2014, up from 13% at the time of Mr Bouazizi’s self-immolation. “Without social development, I don’t think the democracy could survive,” said Mr Fe...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Egypt Announces Ambitious Macroeconomic Policy Targets
...EGYPT Egypt Announces Ambitious Macroeconomic Policy Targets The Egyptian government is targeting a real GDP growth rate of 6% by mid-2019 – compared to 2.2% in 2013-14 and to a projected 3.5% in 2014-15 – according to a medium-term macroeconomic policy framework for the period 2014...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Lebanese Economy Resilient Despite External Shocks
...P in 2014. The Central Bank of Lebanon keeps substantial foreign assets of some $47bn which help to maintain confidence in the system – $35bn in foreign currencies and $11.9bn in gold. These reserves, together with foreign direct investment and expatriates’ remittances, provide an important bu...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Morocco Budget Cuts Subsidies
...MOROCCO Morocco Budget Cuts Subsidies Pursuing its declared policy of reducing the cost of state subsidies, Morocco has announced that its 2015 draft budget will see a 34% cut in subsidies to MD23bn ($2.7bn) from MD35bn in 2014 and MD42bn in 2013. Having peaked in 2012, Morocco be...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Saudi Arabia Official Crude & Products Output, Consumption And Trade Figures, August 2014 (‘000 B/D)
...Saudi Arabia Official Crude & Products Output, Consumption And Trade Figures, August 2014 (‘000 B/D) Aug-14 vs July 14 vs Aug 13 Jul-14 Jun-14 YT...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Benchmark Crude Prices ($/B)
...Benchmark Crude Prices ($/B) 23-Oct 13-17 Oct 6-10 Oct Sep-14 Aug-14 Q3 2014 Q2 2014 20...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Dana Gas Goes To Court As Relations With The KRG Sour
...nel to increase production and realize international prices for exports. “We have not yet given guidance for production for 2014, but developments at Taq Taq and Tawke are on track to deliver 140,000 b/d of working interest capacity by year-end 2014, Mr Hayward said. He put current exports by...
Volume: 56Issue: 43Published at Fri, 25 Oct 2013 -
Baghdad On Course For 3.5Mn B/D By Year-End
...-‘Amaya. However, Iraqi Oil Minister ‘Abd al-Karim al-Laibi is confident that Iraq will achieve its output target of 3.5mn b/d by the end of this year and an export target of 3.4mn b/d in 2014, including a Kurdish contribution of 400,000 b/d. Still, the Kurdistan Regional Government (KRG) appears be...
Volume: 56Issue: 43Published at Fri, 25 Oct 2013 -
OPEC Content With Ceiling Ahead Of December Meeting
...recast to increase by 800,000 b/d this year and 1mn b/d in 2014, there is clearly enough supply to meet rising demand.” ...
Volume: 56Issue: 43Published at Fri, 25 Oct 2013 -
Saudi-US Tension Goes Public Over Iran
...position in any transitional government, and whether Mr Asad will be allowed to run in the 2014 presidential elections....
Volume: 56Issue: 43Published at Fri, 25 Oct 2013 -
Kuwait To Rethink Subsidies Policy
...t based on facts, and that a new plan – scheduled for implementation by April 2014 – is under study. The 2013-14 budget is expected to end up with a surplus, Shaikh Salim said, but less than that of 2012-13. The budget for the last fiscal year had an actual surplus of KD12.7bn ($45.1bn) be...
Volume: 56Issue: 43Published at Fri, 25 Oct 2013 -
Egypt To Up Spending
...rangements are underway to raise the necessary funds to implement the increase in the minimum wage in the public sector to E£1,200 ($174) monthly, due to begin on 1 January 2014. Mr Jalal estimated the cost of the increase in the minimum wage at E£9bn ($1.3bn) for the second half of the current fiscal year (Ja...
Volume: 56Issue: 43Published at Fri, 25 Oct 2013 -
Aramco To Spend $35bn On Stabilizing Oil Capacity
...0,000 b/d by 2014. Manifa will help stabilize Saudi capacity by offsetting declines from mature fields. Saudi Aramco is also eyeing CO2 enhanced oil recovery. It is building a new CO2 capture facility and transport system, which will compress and dry CO2 from the Hawiyah NGL Recovery Plant, send it to...
Volume: 55Issue: 43Published at Fri, 19 Oct 2012 -
IEA Predicts Bleaker Days Ahead For OPEC
...e world’s largest economy,” the report projected. And in oil demand terms non-OECD should eclipse the OECD by 2014, the MTOMR revealed. Rising North American production will lessen the need for imports, leading to an actual reduction of inter-regional crude trade by some 1.6mn b/d to 32...
Volume: 55Issue: 43Published at Fri, 19 Oct 2012 -
Tamar Partners To Supply Dorad Energy With Gas
...fshore infrastructure in order to meet contracted supplies. But as some buyers will not be ready to receive gas until the end of 2014 or later, the Tamar partners are expected to be able to juggle deliveries. However, an offshore LNG regasification facility supplied by Excelerate of the US is due to come in...
Volume: 55Issue: 43Published at Fri, 19 Oct 2012 -
Luberef Lines Up Samsung For Expansion Project
...it (doubling capacity to 12,500 b/d) and vacuum distillation unit (increasing throughput capacity from 26,000 b/d to 39,000 b/d). He said that engineering work under the EPC contract is scheduled to be completed in March 2014. Procurement is scheduled to take place from December 2012 to July 2014. Co...
Volume: 55Issue: 43Published at Fri, 19 Oct 2012 -
Wärtsilä-Led Group To Build Jordan Power Plant
...able a switch to natural gas “once the infrastructure for natural gas supply is in place.” The plant will be built at al-Manakher, 30km outside ‘Amman. It will be developed in three phases, with the first scheduled to come on-line in February 2014 and the entire plant to be operational by Se...
Volume: 55Issue: 43Published at Fri, 19 Oct 2012 -
Saudi Banks Dominate Oversubscribed $3.6Bn Ma'aden Project Financing
...ll’s construction in August. First commercial production from the smelter and mill is scheduled for early 2013, with first production from the mine and refinery set for early 2014. Alcoa will supply alumina to the smelter in the interim period. The smelter has been designed to accommodate ex...
Volume: 54Issue: 43Published at Mon, 24 Oct 2011 -
Iranian Crude Production Faces Continual Decline
...sources and/or changes in technical modifications, including installing offshore platforms. Its start-up target is 2012-13, but 2014 is more likely. It was originally meant to provide 2bn cfd to go to NIOC’s Iran LNG project. Phase 11 was also meant to provide a further 1.9bn cfd for LNG. It may start up...
Volume: 53Issue: 43Published at Mon, 25 Oct 2010 -
South Sudan Announces Plans For Transitional Government
...l output to 565,000 b/d by the end of the year, according to Business International Monitor’s (BMI) Sudan Oil and Gas report for September, with plans to raise production to 735,000 b/d by 2014. But most of the country’s oil resources are located in the south, and its infrastructure in the no...
Volume: 53Issue: 43Published at Mon, 25 Oct 2010