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  1. 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

  2. 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

  3. OMV Chief Says Nabucco Timetable “Very Ambitious”

    ...cision by late 2010 and a start to construction work in 2011 to allow gas deliveries via Turkey by 2014, “is very ambitions and to some extent out of our control.” OMV is leading the Nabucco project, but Mr Ruttenstorfer appeared keen to tone down recent optimism about the availability of gas from Az...

    Volume: 52
    Issue: 49
    Published at Mon, 07 Dec 2009

  4. Hijacked Greek Crude Tanker Arrives Off Somali Coast

    ...e Combined Maritime Forces (CMF) and NATO comprising 30 ships as well as a fleet of maritime patrol aircraft based in Djibouti. In November, 'Umar 'Abd al-Rashid, Prime Minister of Somalia’s Transitional Federal Government (TFG) announced a new plan to eradicate piracy by 2011 (MEES, 9 No...

    Volume: 52
    Issue: 49
    Published at Mon, 07 Dec 2009

  5. ENOC Affirms Commitment To Dragon Oil Shares Purchase Despite Dubai Debt Crisis

    ...ard of ENOC has undertaken to the independent committee that it will not sell, or accept any offer (including any partial offer) for, the shares ENOC holds in Dragon Oil until at least 31 December 2011.” The statement again expressed ENOC’s position that the offer of acquisition “represents a hi...

    Volume: 52
    Issue: 49
    Published at Mon, 07 Dec 2009

  6. Signals Of A New Floor And Ceiling For Crude Oil Prices

    ...I And Brent Prices ($/B) WTI Brent 2011 2010 2009 Q409 Q309 2011 2010 2009 Q409 Q3...

    Volume: 52
    Issue: 49
    Published at Mon, 07 Dec 2009