1. Qatar Raises $5Bn In Bonds, Defying Unstable Market

    ...kuk, issued a couple of weeks ago, received 275 bps over mid swaps, and Abu Dhabi Islamic Bank’s five-year $500mn Sukuk was at 245 bps over mid swaps, with the $750mn seven-year Bahraini sovereign at 450 bps over mid swaps (MEES, 28 November). Qatar 2009 And 2011 Bond Issues Ma...

    Volume: 54
    Issue: 49
    Published at Mon, 05 Dec 2011
  2. Iran Announces 10,000 B/D GTL Project, But Faces Hurdles

    ...ES. Currently, South Pars actual gas production is about 7bn cfd of gas – lower than the installed capacity. South Pars sustainable condensate production is estimated at 300,000-310,000 b/d in 2011. South African petrochemical company Sasol, which operates a GTL plant in Qatar, is building a 34...

    Volume: 54
    Issue: 49
    Published at Mon, 05 Dec 2011
  3. Battle Under Way For Control Of Iraqi Oil Portfolio

    ...l is vital and everyone is assuming that it will be reached. “On Tuesday [30 November], the cabinet reviewed and approved the budget,” oil ministry spokesman 'Asim Jihad tells MEES. “They have now handed it to parliament for approval. The 2011 budget will be based on an oil price of $73/B and oil ex...

    Volume: 53
    Issue: 49
    Published at Mon, 06 Dec 2010
  4. Gulf Poised For 2011 Hike In Bond Issues

    ...Middle East Economic Survey VOL. LIII No 49 6-Dec-2010 GCC/REGIONAL Gulf Poised For 2011 Hike In Bond Issues The MENA region and particularly the GCC saw robust debt market activity th...

    Volume: 53
    Issue: 49
    Published at Mon, 06 Dec 2010
  5. GCC Power Grid Project Nears Completion

    ...stem – Kuwait, Saudi Arabia, Bahrain and Qatar – to the Southern System – UAE and Oman. Completion is expected in 2011. The total investment of the mega-grid, launched in 2009, is about $1.6bn. The regional grid has seen some power transfers since it was launched, mainly between Bahrain, Qatar and Ku...

    Volume: 53
    Issue: 49
    Published at Mon, 06 Dec 2010
  6. Debt Crisis Threatens To Undermine Dubai’s Independence

    ...bn in 2011, MEES understands. Also, Dubai typically runs a big current account deficit, which at the first six months of this year was around Dh8bn ($2.1bn). The information released in October this year with a Dubai sukuk offering suggested that the cash based nature of Dubai’s public finances re...

    Volume: 52
    Issue: 49
    Published at Mon, 07 Dec 2009
  7. OPEC Output Hits Post-Oran High Amid Tepid Demand, Buoyant Prices

    ...stem and revenue streams. Towards the end of next year, new production from Iraq will start to come on stream. Significant increments are also due from Angola and Nigeria in 2011. OPEC will need to start working in 2010 on these issues and Luanda might prove the place to start. Should prices slip sh...

    Volume: 52
    Issue: 49
    Published at Mon, 07 Dec 2009
  8. Audit Bureau Highlights Strategic Failures In Kuwait’s Oil And Gas Sector

    ...mmissioning of the fourth refinery and the closure of the ageing Shu'aiba plant will be to lift national refining capacity from 930,000 b/d now to 1.5mn b/d by 2011, implying that the expansions will lift the two existing plants’ capacity by 150,000 b/d collectively. The fourth refinery is expected to come on-st...

    Volume: 49
    Issue: 49
    Published at Mon, 04 Dec 2006