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Rebels Sweep To Power As New Era Dawns For Libya
...mpaign, more needs to be done to stimulate exploration interest. Foreign Oil Investors In Libya On Eve Of 2011 Civil War Company Basin Field/Area Blocks Partners /stake Start date Estimated Crude Production Ca...
Volume: 54Issue: 35Published at Mon, 29 Aug 2011 -
EU Sanctions On Syrian Petroleum Sector More Painful Than Those Of The US
...rt some European companies with production sharing interests in Syria. Syrian oil production in the first half of 2011 averaged 387,250 b/d according to official statistics (MEES, 8 August). Of this about 154,000 b/d were exported in the first half of 2011, mainly to European countries (Germany, Fr...
Volume: 54Issue: 35Published at Mon, 29 Aug 2011 -
CGES Warns That High Oil Prices Are Damaging The Global Economy
...ted that crude oil prices have more than doubled since the beginning of 2009, “at a time when economies have been struggling out of recession. They have now returned to levels that pose a real threat to economic recovery.” “With the OPEC Basket price expected to average $106/B in 2011, crude oil co...
Volume: 54Issue: 35Published at Mon, 29 Aug 2011 -
China’s Crude Oil Imports Steady During July
...ported for June. Year-on-year, July 2011 imports are 2.3% above July 2010 imports of 19mn tons. During the first seven months of 2011, China has imported at total of 145.28mn tons, an average of 5.00mn b/d. Total imports during 2010 amounted to 239.31mn tons (4.79mn b/d). China Crude Oil Imports 20...
Volume: 54Issue: 35Published at Mon, 29 Aug 2011 -
Crude Oil Formulas/Posted Prices
...Middle East Economic Survey VOL. LIV No 35 29-Aug-2011 Crude Oil Formulas/Posted Prices ($/B) Algeria (Dated Brent + / - Adjustment Factor; $/B) 2011 2010 Sep Aug Jul Ju...
Volume: 54Issue: 35Published at Mon, 29 Aug 2011 -
KMG EP Acquires Four Exploration Licenses In Kazakhstan
...the incurred expenses of the national company KMG on financing the Teresken block work program prior to the closing date of the transaction in 2011.” The statement said the four exploration licenses cover the Temir, Teresken and Karaton-Sarkamys blocks and the territory adjacent to the Uzen an...
Volume: 54Issue: 35Published at Mon, 29 Aug 2011 -
Political Unrest Affecting Egypt’s Economic Growth, Says NBK
...Middle East Economic Survey VOL. LIV No 35 29-Aug-2011 EGYPT Political Unrest Affecting Egypt’s Economic Growth, Says NBK Egypt’s real economic growth is expected to have slowed noticeably in the first half of 2011 and unemployment to have risen thanks to the recent unrest an...
Volume: 54Issue: 35Published at Mon, 29 Aug 2011 -
Delek Drilling And Avner Report Higher 2Q Revenues From Yam Thetis Block
...ported a decline in profits, with Delek Drilling reporting $11.1mn for the second quarter of 2011 compared to $14.9mn for the same period in 2010, while Avner’s profits fell to $10.5mn from $14.9mn during the respective periods. Both companies attributed the decline in earnings to a rise in costs for th...
Volume: 54Issue: 35Published at Mon, 29 Aug 2011 -
Germany Grants Jordan €99Mn In Financial Assistance
...ft loans and €9mn in grants, will be spent mainly on the water sector, the main focus of German-Jordanian development cooperation for 2011-12, which aims to improve water supply, reduce water loss and build the sewage system. Also the funds will support a number of other projects, including the co...
Volume: 54Issue: 35Published at Mon, 29 Aug 2011 -
IMF: Saudi Economy Withstands Financial Crisis, But Challenges Remain
...pply shortfalls from other oil producing countries. Fiscal and external balances are forecast to strengthen further in the short term, while recently published leading indicators suggest a likely acceleration in private sector activity in early 2011, with overall real GDP growth projected to hit 6....
Volume: 54Issue: 35Published at Mon, 29 Aug 2011 -
EU Approves €110Mn Financial Assistance For Tunisia
...to Tunisia following the January 2011 revolution, aimed at supporting the political and economic transition, an EU statement said. The first program, with a €90mn budget, supports the economic recovery measures recently adopted by the Tunisian government. These measures will also be supported by...
Volume: 54Issue: 35Published at Mon, 29 Aug 2011 -
DEWA Announces 8.6% Increase In 1H11 Income On Increased Sales
...les in recent months. In a statement released on the Nasdaq Dubai bourse, DEWA posted an income figure of Dh1.63bn ($444mn) for the six months to 31 June 2011, up from last year’s corresponding figure of Dh1.5bn ($408mn). While revenues were also seen to jump to Dh6.6bn ($1.8bn) – around 43% up fr...
Volume: 54Issue: 35Published at Mon, 29 Aug 2011 -
Political Comment (29 August 2011)
...Middle East Economic Survey VOL. LIV No 35 29-Aug-2011 Political Comment (29 August 2011) Although fighting continues in Libya, Col Qadhafi is on the ropes after rebel forces moved into Tripoli. In both Syria and Yemen, opposition movements have failed to agree on a common fr...
Volume: 54Issue: 35Published at Mon, 29 Aug 2011 -
Why Did The IEA Withdraw Oil From Strategic Reserves?
...e OPEC Secretariat presented a market report predicting a rise in world demand for OPEC oil from 28.8mn b/d in the second quarter of 2011 to 30.9mn b/d in the third quarter. Saudi Arabia, backed by Kuwait, the UAE and Qatar called for a 2mn b/d hike in production to fill the gap, so as to cap ri...
Volume: 54Issue: 35Published at Mon, 29 Aug 2011 -
New Megabank Targets Gaps In Islamic Banking Sector
...of Istikhlaf, which was also to have been established in 2009. “In 2009 we were hit by the crisis and then 2010 looked a good time to set it up, but then countries like Greece started having problems. Then in 2011 Arab countries had their issues, but now it’s stabilizing,” said Mr Yousif. Is...
Volume: 54Issue: 34Published at Mon, 22 Aug 2011 -
Electricity Price Freeze Hinders Dubai’s Energy Plan
...e amount of carbon dioxide of US citizens. DEWA has said it expects Dubai’s energy demand to rise 6-7% in 2011 over last year. Consultant Sought To get a grip on Dubai’s energy usage Mr Tayir said: “In line with the strategy of Dubai’s Supreme Council of Energy regarding energy demand ma...
Volume: 54Issue: 34Published at Mon, 22 Aug 2011 -
Kurdish Upstream Sector Hots Up
...-Jul-11 4,800 b/d† Bought into Komet block July 11 Aspect Energy Atrush Marathon, ShaMaran 12-Nov-07 discovery 2011. Ar...
Volume: 54Issue: 34Published at Mon, 22 Aug 2011 -
OPEC Output Surges In July As Saudi Output Hits 30-Year High
...st month contributed to northern exports falling by some 85,000 b/d to around 460,000 b/d. OPEC Crude Oil Production July 2010 – July 2011 (MEES Estimates – ‘000 B/D) 2011 2010 Target Jul Jun May Apr Ma...
Volume: 54Issue: 34Published at Mon, 22 Aug 2011 -
Crude Oil Formulas/Posted Prices
...Middle East Economic Survey VOL. LIV No 34 22-Aug-2011 Crude Oil Formulas/Posted Prices ($/B) Iran (+ / - Adjustment Factor; $/B) 2011 2010 Se...
Volume: 54Issue: 34Published at Mon, 22 Aug 2011 -
Algerian Finance Minister Says Foreign Investments Are Safe
...the 2011 budget, and projected growth next year at 4.7%, with an inflation rate of 4%. He also said that measures will be taken to activate the stock market so that it would become a domestic source of funding projects....
Volume: 54Issue: 34Published at Mon, 22 Aug 2011