- Sort by:
- Score
- Published ▼
-
Jordan Concerned About Irregular Supply Of Egyptian Gas
...ed 300mn cfd for regular operation. The country’s budget deficit has risen sharply in 2011 because of the fall in the supply of Egyptian gas and the need to replace it with more expensive fuel oil for power generation, and the energy bill is expected to rise to a record level of around JD4bn ($5....
Volume: 54Issue: 47Published at Mon, 21 Nov 2011 -
Kuwait Inflation To Average 4.7% In 2011, Says NBK
...Middle East Economic Survey VOL. LIV No 47 21-Nov-2011 KUWAIT Kuwait Inflation To Average 4.7% In 2011, Says NBK Consumer price inflation (CPI) will average 4.7% for 2011 and stay steady, moving slightly lower to 4.4% in 2012, said National Bank of Kuwait in its latest Ec...
Volume: 54Issue: 47Published at Mon, 21 Nov 2011 -
JBIC Hikes Funding To MENA Region
...rgest amounts in 2010 (the fiscal year ends 31 March 2011) were provided to UAE, Egypt, and then Saudi Arabia (see table). In addition to general loan and investment commitments, in 2010 the Japanese export credit agency (ECA) also provided buyer’s credit and bank-to-bank loans. This comprised $200mn fo...
Volume: 54Issue: 47Published at Mon, 21 Nov 2011 -
More EU Sanctions On Syria
...ntures operating in Syria to cut production. Another smaller producer in Syria, INA of Croatia, reported last week that its Syrian partner had not paid a monthly installment for September which was due at the end of October. But independent American company IPR said that during the third quarter of 2011...
Volume: 54Issue: 47Published at Mon, 21 Nov 2011 -
Shams 1 Solar Project Set To Start By 3Q12, Masdar Says
...ptember 2010). Masdar Launching Seychelles’ First Wind Farm By Year-End Meanwhile, the Seychelles’ ambassador to the UAE Dick Patrick Esparon recently told UAE state news agency WAM that Masdar is set to inaugurate the Seychelles’ first wind farm by the end of 2011. Mr Esparon said the project – be...
Volume: 54Issue: 47Published at Mon, 21 Nov 2011 -
Political Comment (21 November 2011)
...Middle East Economic Survey VOL. LIV No 47 21-Nov-2011 Political Comment (21 November 2011) The Arab League has suspended Syria's membership and is threatening Damascus with economic sanctions and political and diplomatic isolation (Russia and Iran excepted). Meanwhile do...
Volume: 54Issue: 47Published at Mon, 21 Nov 2011 -
Iraq’s Challenges On Its Path Toward A World Class Gas Industry
...mpany and the Ministry of Oil. He retired in early 2011 and is now an independent oil and gas advisor. Historic Background Of Iraq’s Gas Sector No attempts were made by foreign companies to utilize associated gas when oil production started in Kirkuk in the 1930s, and then in Basra in the early 19...
Volume: 54Issue: 47Published at Mon, 21 Nov 2011 -
Qatar Starts Up Latest LNG Mega-Train
...targas 7 starting up next year, the two 7.8mn tons/year LNG trains will help lift Qatar’s condensate output to 720,000 b/d in 2011. Their LNG output will further weaken prices and may help disconnect gas prices from oil in Asia-Pacific. Qatargas Train 6, (state-owned Qatar Petroleum 68.5%, Co...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Saudi Aramco Set To Implement Flagship Saudization Initiative
...astomers project decided to locate the venture entirely at Jubail (MEES, 19 October 2009). Meanwhile, construction tenders for the expansion of the Saudi Aramco/Sumitomo PETRORabigh petrochemical complex are expected to be launched in mid‐2011, with work to begin shortly afterwards. PETRORabigh Phase II...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
G20 Calls For Crackdown On $312Bn Energy Subsidy Bill
...ing experienced in the transport sector. Moreover, further analysis carried out by the IEA has shown that the phasing out of fossil fuel consumption subsidies over 2011-20 would be expected to reduce global energy related CO₂ emissions by 5.8% – equivalent to the current combined emissions of Ge...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
IEA Raises Global Oil Demand Forecast To 87.3Mn B/D In 2010, 88.5Mn B/D In 2011
...Middle East Economic Survey VOL. LIII No 47 22-Nov-2010 IEA Raises Global Oil Demand Forecast To 87.3Mn B/D In 2010, 88.5Mn B/D In 2011 The International Energy Agency (IEA) has fo...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Gazprom And BEH Establish South Stream JVC
...adimir Putin, who said that Bulgaria “would profit enormously” from the deal. Mr Putin also promised to review existing gas supply contracts with Sofia, which are set to expire in 2011 and 2012, in order “to further reduce the final cost for consumers.” Mr Borisov stressed the potential economic be...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Socar Sees Shah Deniz 2 Gas Agreements By Mid-2011
...ld a press conference in Baku on 13 November that gas purchase agreements for the second production phase of the Shah Deniz field are expected to be signed by the middle of 2011. Mr Abdullayev confirmed that Socar was also in talks with Turkey’s Botas for the export of 6 bcm/year from Shah Deniz 2, wh...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Egypt Lines Up Bidding For Dairut IPP
...dding requirements to the 10 companies it has pre-qualified for a tender to build its first thermal power plant, according to reports. The companies, short-listed from a group of 19 that applied to bid, are expected to submit their final offers in early 2011. The contract for the independent power pr...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
CBI Statistics Show 19.7% Fall In Oil And Gas Exports Revenue In 2009-10
...an will have to pay $11.621bn in 2010-11, to be followed by subsequent annual payments as per the table below: CBI Debt Repayment Schedule Year Debt Repayment ($Bn) 1389 (2010-11) 11.621 1390 (2011-12) 2.274 1391 (20...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Jordanian Government Outlines 2011-13 Development Priorities
...Middle East Economic Survey VOL. LIII No 47 22-Nov-2010 JORDAN Jordanian Government Outlines 2011-13 Development Priorities Jordan’s Ministry of Planning and International Co...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Lebanon’s $725Mn Eurobond Three Times Oversubscribed
...cond week of November, was three times oversubscribed, the Ministry of Finance announced in a statement on 12 November. The ministry said that the issue, arranged by Bank of Beirut and Credit Suisse, consisted of two tranches – $500mn maturing in 2018 with a coupon of 5.15% and $225mn maturing in 2011...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Healthier Economy And Upcoming Mortgage Law Sustain Saudi Real Estate Sector
...rst quarter of 2011 has energized demand for land and finished properties as buyers hope the regulatory framework will unleash pent-up demand in the coming years,” said the report. Saudi Arabia’s property sector has exhibited much stronger price resilience to the global and regional economic do...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Syria’s Development Plan Targets 5.7% GDP Growth Annually
...velopment plan (2011-15) which is intended among others to focus on social development, boost investment in human capital, support health and education and the social safety net, improve the livelihood of people, and create job opportunities. It is designed to complete the process of economic reforms un...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Gulfsands Awards Khurbet East Processing Plant Contract To Saipem
...e Massive formation (MEES, 1 November). Meanwhile, Gulfsands says that a 3D seismic acquisition covering 1,025 sq km just west of the Greater Khurbet East area is 80% complete, with delivery of the final processed data earmarked for the first quarter of 2011....
Volume: 53Issue: 47Published at Tue, 23 Nov 2010