1. Saudi Arabia Plans To Open Stocks To Foreign Investment

    ...vestment. There were reports late in 2010 that foreigners would be let in as early as the first half of 2011, but at the time analysts said that it would take much longer to complete the studies and develop a plan. “I think the timing will be influenced by market conditions. They won’t want to do it if th...

    Volume: 54
    Issue: 52
    Published at Mon, 26 Dec 2011
  2. Outlook Hazy For MENA Project Financing

    ...Middle East Economic Survey VOL. LIV No 52 26-Dec-2011 MEES Agenda Outlook Hazy For MENA Project Financing With the global financial crisis in the rearview mirror, hopes had been high that 2011 would be an even better year for the financing of MENA energy projects than 20...

    Volume: 54
    Issue: 52
    Published at Mon, 26 Dec 2011
  3. OPEC Finds ‘Unity Of Purpose’ In Vienna, Says CGES

    ...ming months.” CGES Global Supply/Demand Balance (Mn B/D) 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 2010 2011 2012 World Oil Demand 88.8 89.3 89.0 87.7 89.4 90...

    Volume: 54
    Issue: 52
    Published at Mon, 26 Dec 2011
  4. Crude Oil Formulas/Posted Prices

    ...Middle East Economic Survey VOL. LIV No 52 26-Dec-2011 Crude Oil Formulas/Posted Prices ($/B) Libya (Dated Brent + / - Adjustment Factor; $/B)    2012 2011 2010 Jan Feb Jan Dec Nov Oc...

    Volume: 54
    Issue: 52
    Published at Mon, 26 Dec 2011
  5. TAP Open To Shareholder Restructuring After Shah Deniz 2 Decision

    ...at Azerbaijan’s state firm had reached an agreement with Russia’s Gazprom over the further expansion of Azeri gas exports to 3 bcm/y in 2012. In November 2011 Russian imports reached a rate of 1.36 bcm/y, a 70% increase over the same time last year. Imports are expected to increase at a rate of 2 bc...

    Volume: 54
    Issue: 52
    Published at Mon, 26 Dec 2011
  6. Uzbekneftegaz Signs Agreement With PetroChina For Gas Supply

    ...PC) and soft loans from the Chinese Development Bank. An intergovernmental agreement on the export of Uzbek gas to China was signed in 2010 while the commercial agreement between PetroChina and Uzbekneftegaz was initialed in October 2011. The agreement stipulates that gas exports will start at 10...

    Volume: 54
    Issue: 52
    Published at Mon, 26 Dec 2011
  7. Iran Admits To Fall In Oil Output As EU Discusses Crude Embargo

    ...lebani as saying on 19 December. Though he chose not to provide any figure for the fall in output, MEES estimates show that average production in Iran has dropped from 3.737mn b/d in 2010 to 3.599mn b/d in 2011. Mr Qalebani’s revelation is the latest in a line of warnings from Iranian officials in re...

    Volume: 54
    Issue: 52
    Published at Mon, 26 Dec 2011
  8. Jordan Announces Austerity Draft Budget For 2012

    ...d public finances next year. Dr Tuqan noted that as of the start of 2011, Jordan had encountered more challenges with the rise in the international price of basic commodities, especially energy and foodstuffs, and the irregular supply of natural gas from Egypt. In addition the political turmoil in...

    Volume: 54
    Issue: 52
    Published at Mon, 26 Dec 2011
  9. Syrian Parliament Approves 2012 Budget Bill

    ...ice assumption of $75/B for Syrian light crude and $65/B for heavy crude. The steep increase in public spending of 58.8% over 2011 is due to a change in the accounting system with regard to the classification and logging of expenditure, the Syrian Minister of Finance Muhammad Jleilati explained la...

    Volume: 54
    Issue: 52
    Published at Mon, 26 Dec 2011
  10. APICORP Signs Deal For Fujairah Storage Terminal Financing

    ...untries. APICORP is a multilateral development bank owned by the 10 member states of the Organization of Arab Petroleum Exporting Countries (OAPEC), with the UAE government holding a 17% stake. Mr Nuaimi said: “In 2011, APICORP has participated in $11bn worth of project finance and trade transactions, of...

    Volume: 54
    Issue: 52
    Published at Mon, 26 Dec 2011
  11. Political Comment (26 December 2011)

    ...Middle East Economic Survey VOL. LIV No 52 26-Dec-2011 Political Comment (26 December 2011) Iraqi Prime Minister Nuri al-Maliki has moved against two of the most senior Sunnis in his government. The Syrian authorities have accepted the Arab League's plan to end their violent co...

    Volume: 54
    Issue: 52
    Published at Mon, 26 Dec 2011