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Peace Breaks Out In Vienna
...en downgraded by some 290,000 b/d and OPEC actually sees the appetite for its crude at some 140,000 b/d weaker than in the last report at 29.76mn b/d (see table). OPEC’s Summarized Oil Supply/Demand Balance For 2011 (Mn B/D) 2010 1Q11 2Q11 3Q11 4Q...
Volume: 54Issue: 51Published at Mon, 19 Dec 2011 -
Qatar’s Barzan Becomes World’s Largest 2011 Project Financing
...Middle East Economic Survey VOL. LIV No 51 19-Dec-2011 Qatar’s Barzan Becomes World’s Largest 2011 Project Financing When the loan agreements were signed on 13 December for Qatar’s $10bn Barzan gas facility, it became the largest project financing to be completed in the world th...
Volume: 54Issue: 51Published at Mon, 19 Dec 2011 -
IEA Cuts Global Crude Demand Forecast Amid Worsening Economy And High Prices
...Middle East Economic Survey VOL. LIV No 51 19-Dec-2011 IEA Cuts Global Crude Demand Forecast Amid Worsening Economy And High Prices The International Energy Agency (IEA) has in its latest monthly Oil Market Report (OMR) trimmed its global crude oil demand forecast for 2011 and 20...
Volume: 54Issue: 51Published at Mon, 19 Dec 2011 -
China’s Crude Oil Imports Rise To 22.69Mn Tons In November, Second Highest On Record
...nuary-November 2011 period, China has imported a total of 230.26mn tons (5.03mn b/d). China’s Crude Oil Imports 2010-11 2011 2010 2010 Imports Nov Oct Sep Aug Jul Jun May Apr Ma...
Volume: 54Issue: 51Published at Mon, 19 Dec 2011 -
Crude Oil Formulas/Posted Prices
...Middle East Economic Survey VOL. LIV No 51 19-Dec-2011 Crude Oil Formulas/Posted Prices ($/B) Iran (+ / - Adjustment Factor; $/B) 2012 2011 Jan Dec Nov Oct Sep Aug Jul Ju...
Volume: 54Issue: 51Published at Mon, 19 Dec 2011 -
Bapco’s Board Approves Plan To Boost Sitra Refinery Capacity To 450,000 B/D
...ve said that the detailed engineering study for the proposed pipeline is to be revealed by Saudi Aramco before the end of 2011. Bahrain Draws Up Plans To Deal With Gas Shortage Bahrain is also drawing up plans to avoid a potential future gas shortage. In the first quarter of 2012 it expects to...
Volume: 54Issue: 51Published at Mon, 19 Dec 2011 -
Saudi Arabia Tops WEF Financial Development Index For MENA
...Middle East Economic Survey VOL. LIV No 51 19-Dec-2011 REGIONAL Saudi Arabia Tops WEF Financial Development Index For MENA Saudi Arabia topped the World Economic Forum’s 2011 Financial Development Index for the MENA countries, jumping three spots and climbing above Bahrain and th...
Volume: 54Issue: 51Published at Mon, 19 Dec 2011 -
AMF Says Priority Is To Assist Arab Countries Rather Than Europe
...nkers in Abu Dhabi. Mr Manna'i also warned that oil prices could drop because of weak economic growth in the world and this will mean that Arab countries would not be in a position to help Europe. Egypt is expecting to receive $470mn in loans in 2011 from the AMF to support its budget deficit. And in...
Volume: 54Issue: 51Published at Mon, 19 Dec 2011 -
Suncor And Gulfsands Withdraw From Syria
...idance for 2011 and 2012 because Libyan production is ramping up and was not included in the existing guidance. Suncor and GPC are 50:50 partners in the Ebla Petroleum Company, which is developing the Ash-Shaer and the Cheriffe gas fields in the Syrian central gas basin for supply to the domestic ma...
Volume: 54Issue: 51Published at Mon, 19 Dec 2011 -
CBS Governor Says Syrian Pound’s Black Market Rate Is Imaginary
...cal currency, which had fallen by 16% from the level prevailing in March 2011 at the start of the political uprising. The black market rate of the pound has fallen by more than 20%. He attributed the rise in the value of the dollar vis-à-vis the pound to the steep fall in the value of the euro vi...
Volume: 54Issue: 51Published at Mon, 19 Dec 2011 -
Political Comment (19 December 2011)
...Middle East Economic Survey VOL. LIV No 51 19-Dec-2011 Political Comment (19 December 2011) Russia has unexpectedly softened its opposition to Security Council intervention in Syria. As the US prepares to end its military presence in Iraq, President Obama has expressed op...
Volume: 54Issue: 51Published at Mon, 19 Dec 2011 -
Federal Oil And Gas Law: Viability, Coherence And Functioning Perspectives
...tween the federal and Kurdistan Regional Government (KRG) delegations held in Baghdad in the last days of October 2011 resulted in an agreement to base their discussions over the federal oil and gas law on the February 2007 version. Detailed assessments of the February 2007 draft of the law have be...
Volume: 54Issue: 51Published at Mon, 19 Dec 2011 -
OPEC Communiqué: 160th Meeting Of The OPEC Conference Concludes
...Middle East Economic Survey VOL. LIV No 51 19-Dec-2011 OPEC Communiqué: 160th Meeting Of The OPEC Conference Concludes Vienna, Austria, 14 December 2011 The 160th meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) convened in Vienna, Au...
Volume: 54Issue: 51Published at Mon, 19 Dec 2011