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Abu Dhabi’s ADCO Targets 1.8Mn B/D Oil Capacity
...heduled for 2011 start-up, will now come on stream in 2015. Zadco is also looking to boost capacity at its Satah field by around 10,000 b/d to 25,000 b/d by 2013. Meanwhile Abu Dhabi’s other offshore operator, ADMA-OPCO, is looking at expansion at its Umm al-Lulu field and has also studied a major ca...
Volume: 53Issue: 08Published at Mon, 22 Feb 2010 -
GCC Electricity Grid Connection On Track, Bahrain’s EWA Says
...Middle East Economic Survey VOL. LIII No 8 22-Feb-2010 REGIONAL GCC Electricity Grid Connection On Track, Bahrain’s EWA Says The UAE is on track to connect to the GCC power grid by early 2011, with Oman to follow, 'Abd al-Majid al-'Awadhi, CEO of Bahrain’s El...
Volume: 53Issue: 08Published at Mon, 22 Feb 2010 -
Jadwa Sees Government Spending Pushing Saudi Economic Growth In 2010
...ill in place, Saudi interest rates will thus remain low. “For the moment very low interest rates are also appropriate in Saudi Arabia, as they are an important condition for the revival of bank lending,” said Jadwa. Jadwa expects the global economy to pick up in 2011, especially in Asia’s em...
Volume: 53Issue: 08Published at Mon, 22 Feb 2010 -
Declining Oil Revenues A Challenge To Yemen’s 2010 Budget
...scription 2010 2009 Change 2011P* 2012P* Total Revenue 1,520,412 1,537,168 -1.1 1,465,848 1,517,546 Foreign Borrowing 63,331 82,330 -23...
Volume: 53Issue: 08Published at Mon, 22 Feb 2010 -
Iraq’s Regions Look To Reap Rich Oil Dividend
...iji refinery, the focus is on improving product quality and gasoline output, rather than distillation capacity. There have been some delays. It had been hoped to boost gasoline output from 6,000 cmd (37,740 b/d) to 10,000 cmd (63,000 b/d) by mid-2010, but now this will only happen in 2011, Mr Sham'a sa...
Volume: 53Issue: 07Published at Mon, 15 Feb 2010 -
Gulf Bond Issuers Spooked By Greek Debt Woes
...anwhile, a public debt office being set up by the UAE’s Ministry of Finance is not expected to sell bonds until 2011. Abu Dhabi could go ahead and launch bonds, but anything outside of its remit would have a difficult passage, said market observers. “Dubai will have to a lot of work to do to get back the tr...
Volume: 53Issue: 07Published at Mon, 15 Feb 2010 -
EIA Sees Improving Global Oil Outlook In 2010-11
...Middle East Economic Survey VOL. LIII No 7 15-Feb-2010 EIA Sees Improving Global Oil Outlook In 2010-11 The Energy Information Administration (EIA) of the US Department of Energy said the world oil market “should gradually tighten in 2010 and 2011, as the global economic recovery co...
Volume: 53Issue: 07Published at Mon, 15 Feb 2010 -
EIA Sees Improving Global Oil Outlook In 2010-11
...Middle East Economic Survey VOL. LIII No 7 15-Feb-2010 2010 A Bridge Between 2009 Demand And 2011 Supply, Says Barclays Capital 2010 is expected by Barclays Capital to be a bridging year between demand-side weakness of 2009 and supply-side tightness in 2011. In its Global Energy Ou...
Volume: 53Issue: 07Published at Mon, 15 Feb 2010 -
Bulgaria Ratifies Nabucco Agreement, Hungary Gets Serious On South Stream
...cision is due to be made in the last quarter with construction to begin in 2011 (MEES, 14 December 2009). The project has been delayed by a failure to secure gas supply agreements, although Azerbaijan and Iraq appear to be the most likely future suppliers at this time. Last December, RWE said it hoped to si...
Volume: 53Issue: 06Published at Mon, 08 Feb 2010 -
US Senate Passes Further Sanctions Against Iran
...nopec is developing two catalytic crackers at the Hormuz and Abadan refineries, which are both scheduled for completion in 2011. On 2 February US Director for National Intelligence Denis Blair told the Senate Select Committee on Intelligence that “Iran has made contingency plans for dealing with future ad...
Volume: 53Issue: 06Published at Mon, 08 Feb 2010 -
World Bank Expects MENA Economies To Show 4.4% Growth By 2011
...Middle East Economic Survey VOL. LIII No 6 8-Feb-2010 REGIONAL World Bank Expects MENA Economies To Show 4.4% Growth By 2011 The economies of the Middle East and North Africa are ex...
Volume: 53Issue: 06Published at Mon, 08 Feb 2010 -
GE Secures $200mn Turbines Contract For GASCO’s Habshan 5 Gas Plant
...2011. Habshan 5 will have four gas processing trains, with a total capacity of 2bn cfd of gas. “Habshan 5 is an important part of GASCO’s plan to increase overall gas processing capacity to meet growing natural gas demand,” said Senior Vice-President of GASCO’s Major Projects group 'Abd al-'Aziz al...
Volume: 53Issue: 06Published at Mon, 08 Feb 2010 -
Political Comment (8 February 2010)
...to a confrontation between Mr Maliki and his Shi'a allies in the Iraqi National Alliance (formerly the United Iraqi Alliance) and their Sunni and secular opponents that could threaten the legitimacy of the elections, and with it American plans to withdraw from Iraq by the end of 2011. Ah...
Volume: 53Issue: 06Published at Mon, 08 Feb 2010 -
A Tentative Forecast For Iraq’s Oil Production 2010-20
...enario is indicative: Iraqi Oil Production (Mn B\D) 2010 2011 2012 2013 2014 2015 2016 2.7 3.0 3.5 4.0 4.5 5.5 7.8 These figures are based on achieving the plateaus in the giant fields in the first licensing round as we...
Volume: 53Issue: 06Published at Mon, 08 Feb 2010 -
North Africa’s Largest Project Financing Eyes Finishing Line
...TK) contract and is scheduled for completion in 2014 (MEES, 24 August 2009). It was originally due on stream in 2011 at a cost of $2.25bn (MEES, 26 January 2009, 30 June 2008)....
Volume: 53Issue: 05Published at Mon, 01 Feb 2010 -
Gazprom To Buy 2 BCM Of Azerbaijani Gas In 2011
...Middle East Economic Survey VOL. LIII No 5 1-Feb-2010 CASPIAN Gazprom To Buy 2 BCM Of Azerbaijani Gas In 2011 Russian state gas monopoly Gazprom on 21 January announced that it will purchase 2 bcm of natural gas from Azerbaijan during 2011, twice th...
Volume: 53Issue: 05Published at Mon, 01 Feb 2010 -
NIOC Executive Warns Of Skills Shortage In Iranian Oil Industry
...more than 500,000 b/d over the next five years. Mr Zyghami said ICOFC was working to bring two oil fields and two gas fields on stream by the end of the next Iranian year (21 March 2010 – 20 March 2011), with combined production capacity of 45,000 b/d of oil and 15mn cmd of gas....
Volume: 53Issue: 05Published at Mon, 01 Feb 2010 -
NIGC To Start Storing Gas In April
...pacity of 540mn cu ms and is scheduled for completion in 2011. Sofregaz, a subsidiary of Gaz de France, won the original tender to develop the facility in 2002 but left the project in 2007 (MEES, 15 June 2009)....
Volume: 53Issue: 05Published at Mon, 01 Feb 2010 -
IMF Revises Upward Its Forecasts For Economic Growth
...andards, whereas in many emerging and developing economies, activity is expected to be relatively vigorous, largely driven by buoyant internal demand. The IMF expects Middle Eastern economies to grow by 4.5% in 2010 and 4.8% in 2011, a slight increase from October 2009 projections. The rebound of co...
Volume: 53Issue: 05Published at Mon, 01 Feb 2010