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Qatar Unveils National Development Strategy
...Middle East Economic Survey VOL. LIV No 14 1-Apr-2011 QATAR Qatar Unveils National Development Strategy Qatar’s Crown Prince Shaikh Tamim bin Hamad Al Thani on 28 March unveiled the National Development Strategy 2011-16, which is set to achieve the goals of the Qatar National Vi...
Volume: 54Issue: 14Published at Mon, 04 Apr 2011 -
Uncertainty Is Set To Continue, Says Crédit Agricole
...ril. Whereas under the first scenario analysts expect oil supply/demand to rebalance in the second half of 2011, in the second scenario – Crédit Agricole’s base case – markets are likely to be oversupplied due to the extra production from OPEC and prices would be expected to correct sharply in the se...
Volume: 54Issue: 14Published at Mon, 04 Apr 2011 -
Political Comment (1 April 2011)
...Middle East Economic Survey VOL. LIV No 14 1-Apr-2011 Political Comment (1 April 2011) In Libya the military pendulum swung briefly in favor of the opposition forces before being reversed by Qadhafi loyalists. NATO has now taken full command of enforcing UN resolution 1973. Sy...
Volume: 54Issue: 14Published at Mon, 04 Apr 2011 -
OPEC's Response To Currency Conflicts
...asons for maintaining its current production. 4 These reasons include expectation of lower demand growth in 2011 than in 2010 coupled with the fragility of global economic recovery, and especially fears of a second banking crisis in Europe, all of which would negatively impact on oil demand and ma...
Volume: 54Issue: 14Published at Mon, 04 Apr 2011 -
Saudi Arabia Pursues Energy Diversification Via Nuclear/Renewable City
...newable field. Saudi Aramco and Japanese refining company Showa Shell agreed in mid-2009 to build a 10mw solar pilot project in the Kingdom. If this is successful when completed in 2011, it could be expanded into a much larger project, especially given that development of solar technology has support from ke...
Volume: 53Issue: 17Published at Mon, 26 Apr 2010 -
IMF Projects Positive But Uneven MENA Growth In 2010-11
...pected, with emerging economies taking the lead, the International Monetary Fund (IMF) has said in its latest World Economic Outlook, published on 21 April. World output is expected to rise by 4.2% in 2010 and by 4.3% in 2011, following a decline by 0.6% last year. Policy intervention has improved fi...
Volume: 53Issue: 17Published at Mon, 26 Apr 2010 -
RWE Opens Office In Ashgabat, Moves Ahead With Offshore Block 23
...ll run 1,220km through the Baltic Sea to Griefswald, Germany. The dual pipeline will ultimately carry 55 bcm/year of gas. The first pipeline will carry 27.5 bcm/y beginning September 2011. The second pipeline will come into operation in October 2012 with the same volume. Gazprom holds 51%, Germany’s E....
Volume: 53Issue: 16Published at Mon, 19 Apr 2010 -
South Pars Output Up 28% Last Year
...te of 60%” by March 2011. He said that $1.6bn had been spent so far in taking the project to 30% of completion. South Pars 12 development is expected to cost $7.5bn. Design capacity is 78mn cmd of gas and 120,000 b/d of condensates....
Volume: 53Issue: 16Published at Mon, 19 Apr 2010 -
Jordan Signs $52Mn Loan With SFD
...pacity of 142mw each, due to come on line in early 2011. The loan will carry interest at 2% is repayable in 30 semi-annual installments after a grace period of five years. Last month the Kuwait Fund for Arab Economic Development (KFAED) agreed to provide KD15mn ($52mn) to Jordan to finance the Samra po...
Volume: 53Issue: 16Published at Mon, 19 Apr 2010 -
Block 24 Oil Production Due To Start This Month
...rch). Elsewhere in Block 9, Loon Lattakia (a subsidiary of Kulczyk Oil of Canada) plans to start drilling in 2011, the company’s vice-president for operations and engineering Edwin Bearman, told The Syria Report. “We will finish the 3D seismic survey by the end of next month. Depending on the findings of...
Volume: 53Issue: 16Published at Mon, 19 Apr 2010 -
Condensate Expansion East Of Suez Boosted By Increased Gas Development
...tlook, 2010-15 ('000 B/D) 2010 2011 2012 2013 2014 2015 Iran 624 686 729 783 807 873 Iraq 92 142 167 219 285 319 Kuwait 87 92 105 110 114 11...
Volume: 53Issue: 16Published at Mon, 19 Apr 2010 -
Concluding Statement Of The 12th International Energy Forum
...oking forward to the second NOC-IOC Forum in 2011, it was suggested to attempt to draw up IEF general principles or guidelines on NOC-IOC cooperation, based on best practices around the world, as a possible concrete tool to facilitate this cooperation. Where uncertainty is caused by industry’s pro-cy...
Volume: 53Issue: 16Published at Mon, 19 Apr 2010 -
Qatar’s Record 2010-11 Budget Targets Infrastructure Growth
...tput To Hit 77Mn Tons/Year By 2011 Qatar’s Prime Minister Shaikh Hamad bin Jasim Al Thani estimated 2010-11 GDP growth at 16%, at an investment forum in Paris on 25 March. He confirmed that Qatar expected to boost its LNG production to 77.4mn tons/year by 2011, from the current 56mn t/y level. Qatar’s fo...
Volume: 53Issue: 15Published at Mon, 12 Apr 2010 -
EIA Forecasts 2010 Demand Growth At 1.5Mn B/D, 1.6Mn B/D For 2011 As Economy Recovers
...Middle East Economic Survey VOL. LIII No 15 12-April-2010 EIA Forecasts 2010 Demand Growth At 1.5Mn B/D, 1.6Mn B/D For 2011 As Economy Recovers The Energy Information Administration (EIA) of...
Volume: 53Issue: 15Published at Mon, 12 Apr 2010 -
Russia’s Transneft Claims Bulgaria Delaying Burgas-Alexandroupolis Pipeline Project
...to operation 2010, but that date has been moved back to an unlikely 2011. Last February, Russian Foreign Minister Sergei Lavrov called for the Bulgarian government to provide a concrete statement on whether it was interested in building the pipeline (MEES, 1 March, 22 February). Bulgaria is re...
Volume: 53Issue: 15Published at Mon, 12 Apr 2010 -
Russia To Deliver Second Batch Of Fuel Rods To Bushehr Plant In 2011
...Middle East Economic Survey VOL. LIII No 15 12-April-2010 IRAN Russia To Deliver Second Batch Of Fuel Rods To Bushehr Plant In 2011 Yury Olenin, President of Russia’s state-owned nuclear fu...
Volume: 53Issue: 15Published at Mon, 12 Apr 2010 -
Laffan Condensate Refinery Inaugurated, Expansion Work Expected In 2011
...Middle East Economic Survey VOL. LIII No 15 12-April-2010 QATAR Laffan Condensate Refinery Inaugurated, Expansion Work Expected In 2011 The Laffan Refinery, the first condensate pr...
Volume: 53Issue: 15Published at Mon, 12 Apr 2010 -
SABIC And Celanese Sign Agreement For $400Mn POA Plant
...dustrial city, with construction expected to begin in 2011. “The new facility will boost SABIC’s position in the performance chemicals industry as an important part of its 2020 strategic plan,” SABIC said. The facility is expected to come on stream by 2013, and use methanol feedstock produced by IBN SINA. PO...
Volume: 53Issue: 15Published at Mon, 12 Apr 2010 -
Saudi Inflation Rate Expected To Stabilize In 2010, Says Samba
...ough excess capacity in the global economy to suggest that inflation among Saudi Arabia’s trading partners will remain weak for the next year at least. Samba expects consumer price inflation to hold at an average 4.5% in 2010, before gathering pace to 5% in 2011-12. Sharp increases in prices will be ge...
Volume: 53Issue: 15Published at Mon, 12 Apr 2010 -
Political Comment (12 April 2010)
...ferendum on independence in the south in January 2011 ‒ remains to be seen. Netanyahu Pulls Out Of NSS At the signature of the START 2 treaty in Prague on 8 April, US President Barack Obama was at pains to emphasize "America's commitment to the nuclear Non-Proliferation Treaty (NPT) as a cornerstone of ou...
Volume: 53Issue: 15Published at Mon, 12 Apr 2010