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Syrian Government Debut Treasury Bills Twice Oversubscribed
...anche consisted of 91-day TBs for S£1bn ($21.5mn), dated 16 December with maturity on 17 March 2011, and 1% “indicative” interest. The issue, which was 2.8 times oversubscribed, went to four state banks out of a total of 11 local banks taking part in the auction and the offered interest rates ranged be...
Volume: 53Issue: 51Published at Mon, 20 Dec 2010 -
TAQA Secures $3Bn Revolving Credit Facility
...s on the five year facility. The loan refinances a facility expiring in 2011. In May this year TAQA refinanced a C$1.325bn ($1.26bn) revolving credit facility for its wholly owned TAQA North subsidiary (MEES, 31 May). S&P Rates TAQA Again, Assigns A Standard & Poor’s Ratings Services an...
Volume: 53Issue: 51Published at Mon, 20 Dec 2010 -
Yemeni Cabinet Approves 2011 Draft Budget Aimed At Reducing Deficit
...Middle East Economic Survey VOL. LIII No 51 20-Dec-2010 yemen Yemeni Cabinet Approves 2011 Draft Budget Aimed At Reducing Deficit Yemen’s cabinet has approved a draft state budget for fi...
Volume: 53Issue: 51Published at Mon, 20 Dec 2010 -
OPEC Communiqué: 158th (Extraordinary) OPEC Meeting Concludes
...State and Government held in the Kingdom of Saudi Arabia in November 2007. Having reviewed the oil market outlook, including the overall demand/supply projections for the year 2011, the conference observed that the increase in the annual average oil demand in 2011 is likely to be lower than in...
Volume: 53Issue: 51Published at Mon, 20 Dec 2010 -
Bulgaria In Negotiations To Buy Egyptian Gas From 2011
...Middle East Economic Survey VOL. LI No 51-52 22/29-Dec-2008 EGYPT Bulgaria In Negotiations To Buy Egyptian Gas From 2011 Bulgaria’s Minister of Economy and Energy Petar Dimitrov was quoted by local media on 4 December as saying that Bulgaria was negotiating the supply of up to...
Volume: 51Issue: 51Published at Mon, 22 Dec 2008 -
1Q 08 Decision On Oman’s Proposed Al-Duqm Refinery/Petrochem Project
...ld by OOC, 17% by Shell, 15% by Liwa Energy, 2% by Total, and 1% by Partex. The venture’s aim is to develop some 1bn barrels of Mukhaizna crude oil and achieve production of 150,000 b/d by 2011. The project is said to be progressing according to schedule, and, despite rising cost, is within 5% of bu...
Volume: 50Issue: 51Published at Mon, 17 Dec 2007 -
Caspian Services Begins Phase 1 Work On Bautino Marine Facility
...TIC Group sold 50% of Karazhanbasmunai to state-owned KazMunaiGaz Exploration and Production (KMG EP) earlier this year (MEES, 22 October). The oilfield has proven reserves of 363.8mn barrels. Production is around 45,000 b/d and target production is set to double by 2011. KazMunaiGaz an...
Volume: 50Issue: 51Published at Mon, 17 Dec 2007 -
Citadel Refinery Financing Progresses, Pathfinder Banks To Be Appointed
...ope because it includes a coker to optimize diesel production. It is 85% owned by Citadel with Egyptian General Petroleum Corporation (EGPC) holding the remainder, and the two have formed a holding company, Egypt Refining Company (ERC). It will start up in 2011 producing 2.2mn tons/year of diesel (in...
Volume: 50Issue: 51Published at Mon, 17 Dec 2007 -
SPLM Agrees To Rejoin National Unity Government As Talks Resume
...ke place in 2009, and the referendum on unity, scheduled for 2011. ...
Volume: 50Issue: 51Published at Mon, 17 Dec 2007 -
Energy Security Ties Between East Asia And Central Asia: Power Games Or Partnership
...ina pipeline plan fell off the table around 2003 due, perhaps, to the intervention by Japan. The Kazakh-China oil pipeline construction started in September 2004. The first phase was completed in December 2005 (960km), and the total pipeline will be completed by 2011, stretching over 3,000km. Cu...
Volume: 49Issue: 51Published at Mon, 18 Dec 2006 -
Kazakhstan And China Inaugurate Crude Oil Pipeline
...zMunaiGaz, which put the cost of the project at $806mn. Deliveries of Kazakh oil from the central Kumkol district should arrive at the Chinese border by the middle of 2006. The project calls for capacity to be increased to 20mn t/y (400,000 b/d) by 2011 and at some point the pipeline may be used to tr...
Volume: 48Issue: 51Published at Mon, 19 Dec 2005 -
Bahr Al-'Ulum Sets Sights On 3Mn B/D Oil Output By End 2006
...-'Ulum said that Iraq would increase oil production from 1.8mn b/d to 2mn b/d by the end of the year (MEES, 28 November). He added that Iraq aimed to lift production to 3.5mn b/d within the next two years and on to 6mn b/d by 2011. Iraq produced 1.65mn b/d in November according to MEES es...
Volume: 48Issue: 51Published at Mon, 19 Dec 2005