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Growing Oil Power Reshaping Iraq's Future
...aq must allocate 40% of total oil revenues in the years 2011-15 and at least 70% from 2016 on to finance the required physical, social, and environmental projects. ...
Volume: 53Issue: 32Published at Mon, 09 Aug 2010 -
FDI Flows Can Boost International Economic Recovery, Says UNCTAD
...rld Investment Report 2010. Global FDI inflows declined by 16% in 2008, and fell a further 37% to $1,114bn in 2009, while outflows declined by 43% to $1,101bn. However, the study highlights a promising outlook: flows worldwide are expected to recover slightly in 2010, with a stronger recovery in 2011 an...
Volume: 53Issue: 31Published at Mon, 02 Aug 2010 -
Barclays Capital Sees WTI Averaging $92/B In 2011
...Middle East Economic Survey VOL. LIII No 31 2-Aug-2010 Barclays Capital Sees WTI Averaging $92/B In 2011 “The oil market is currently in a state of disequilibrium,” Barclays Capital stated in...
Volume: 53Issue: 31Published at Mon, 02 Aug 2010 -
Petroceltic Contracts Dalma For Drilling On Isarene
...troceltic said that data from the results of the earlier drilling campaign suggests that Ain Tsila may be a “world class hydrocarbon resource.” The company plans to present a development plan to the Algerian authorities at the end of the appraisal program, in the first half of 2011. In March, the company ra...
Volume: 53Issue: 31Published at Mon, 02 Aug 2010 -
Cyprus To Get Third Wind Farm
...e other also in the Larnaca district. The project is scheduled to be complete by the third quarter of 2011 and its expected advantages include the reduction of 23,220 tons of carbon dioxide relative to the amount of diesel fuel needed to generate the same amount of energy. The Cyprus Ministry of Co...
Volume: 53Issue: 31Published at Mon, 02 Aug 2010 -
CBI Statistics Show Fall In Oil And Gas Export Revenue In 2009
...yments as per the table below: CBI Debt Repayment Schedule Year Debt Repayment ($Bn) 1388 (2009-10) 3.491 1389 (2010-11) 8.437 1390 (2011-12) 2.346 1391 (2012-13) 2.026 1392 (2013-14) onwards 5.848 The decline in oil re...
Volume: 53Issue: 31Published at Mon, 02 Aug 2010 -
Oman’s First Ferrochrome Smelter To Be Completed By End-2011
...rbon ferrochrome smelter into production by the end of 2011. The 75,000 tons/year plant will be built at Sohar, and is expected to cost $70mn. Al Tamman Indisil Ferrochrome, a 50:50 joint venture between Al Tamman Trading Establishment, a wholly-owned subsidiary of Muscat Overseas Group, and Kerala-ba...
Volume: 53Issue: 31Published at Mon, 02 Aug 2010 -
Saudi Kayan Seeks Extra $2.4Bn As Capex On Petrochemical Project Rises
...trochemical and chemical products. The company said that it has started trial production at its olefins complex, and plans to start full commercial operations at 15 of its 16 processing units before the end of 2011. When Kayan signed its loan agreement in 2008 (MEES, 9 June 2008) construction was ongoing and SA...
Volume: 53Issue: 31Published at Mon, 02 Aug 2010 -
Saudi Construction Showing Strong Recovery, NCB Says
...ntracts awarded to reach $64bn and $86bn in 2010 and 2011, respectively. Fresh Lending To The Construction Sector Source: SAMA and NCB Estimates. The value of projects planned or announced for 2010-15, meanwhile, is roughly SR1,575bn ($420bn), compared to the SR825bn ($220bn) worth of contracts in 20...
Volume: 53Issue: 31Published at Mon, 02 Aug 2010 -
Hayan Gas Plant To Start Up In Early 2011
...Middle East Economic Survey VOL. LIII No 31 2-Aug-2010 SYRIA Hayan Gas Plant To Start Up In Early 2011 The Hayan gas treatment plant in Syria’s Jihar field west of Tadmur, which will have ca...
Volume: 53Issue: 31Published at Mon, 02 Aug 2010 -
Syria And Turkey Ink MOU To Expedite Integration Of Gas Networks
...ncluding a number of agreements, including a short-term sales agreement to supply Syria with 0.5-1.0bcm/year from Turkey’s gas supplies for a period of five years starting in 2011.The MOU was signed during a visit by Turkish Energy Minister Taner Yildiz to Damascus to meet his Syrian counterpart Sufian 'Al...
Volume: 52Issue: 35Published at Mon, 31 Aug 2009 -
North Africa Forges Ahead With Refinery Upgrades, Expansions More Elusive
...amant that the project will be completed by the second quarter of 2014. However, he concedes that the global financial crisis, which caused difficulties in securing financing and procuring materials, has delayed the project and driven up the costs. It was originally due on stream in 2011 at an estimated co...
Volume: 52Issue: 34Published at Mon, 24 Aug 2009 -
Putin’s Visit To Ankara Signals Partial Shift In Russian Gas Strategy
...vember 2010. This is the second time that Russia has brought forward South Stream project deadlines. Originally work on the Black Sea routing was not intended to start before late 2011 or early 2012. Now Russia appears to be in a hurry. Ukraine, no matter what the composition of the next government in...
Volume: 52Issue: 34Published at Mon, 24 Aug 2009 -
Political Comment (24 August 2009)
...erican plans to withdraw all combat troops from Iraq by August 2010 and to leave the country altogether by the end of 2011. Hamas Confronts Salafists With the Palestinian leadership already divided between the secular nationalists of Fatah in the West Bank and the Islamists of Hamas in Gaza, a fu...
Volume: 52Issue: 34Published at Mon, 24 Aug 2009 -
QAPCO Secures $200Mn Murabaha Facility From Qatar Islamic Bank
...the two companies. The LDPE-3 project is scheduled to be completed in December 2011 and will be the last in a matrix of connected plants, which includes Qatofin, and Q-Chem. The Qatofin and Q-Chem 2 projects completed their financing on 16 November 2005 (MEES, 28 November 2005). Q-Chem 2’s to...
Volume: 52Issue: 33Published at Mon, 17 Aug 2009 -
BP Plans $2Bn Investment In Algeria By 2014
...ploration wells, which it expects to drill in the next three years. Separately, Algeria’s biggest international oil producer Anadarko announced in a quarterly earnings conference call on 4 August that it expects to see first oil from its 150,000 b/d El Merk project in late 2011. The US company’s CEO Ji...
Volume: 52Issue: 32Published at Mon, 10 Aug 2009 -
GCC Power Grid Links Four Gulf Countries
...scheduled for completion in 2011, with Oman scheduled to follow shortly thereafter. The project is one of the first pan-GCC schemes to get off the ground and could provide a model for regional cooperation (MEES, 27 July). It was planned back in 1991, and construction started in 2004, with the op...
Volume: 52Issue: 31Published at Mon, 03 Aug 2009 -
SABIC Returns To Profitability In 2Q09
...d 2011, the underlying value of SIP operations would still be well below original expectations. Consequently, the intrinsic recovery prospects for bondholders are lower than previously assumed, said S&P. It acknowledged that the ongoing financial commitment of the parent company SABIC (A+/Stable/A-...
Volume: 52Issue: 31Published at Mon, 03 Aug 2009 -
SABIC Awards Samsung $300Mn Air Separation Contract
...paration process. Samsung will execute the licensing, engineering, procurement and construction of the ASU, which is scheduled for start-up in 2011. The company said that despite the global economic downturn, this contract with NIGC was the fourth it had been awarded during July, the others being the Sk...
Volume: 52Issue: 31Published at Mon, 03 Aug 2009 -
Iraq’s TSA Contracts Postponed Awaiting Cabinet Approval, KRG Projects Progressing
...lumes of 3.5 bcm/year are expected to flow from 2011, possibly increasing to more than 10 bcm/y. “The Inci Gaz companies plan to make the necessary infrastructure investments to transport and supply the natural gas to the Turkish market and potential foreign consumers,” a statement said. “Now Eu...
Volume: 51Issue: 34Published at Mon, 25 Aug 2008