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Iran At A Crossroads As It Faces Political And Economic Challenges
...wns. A consumer in north Tehran reckons that prices have doubled in his supermarket between December 2010 (when the subsidy reform bill was launched) and June 2011. The price of bread has recently gone up by 25% after rising four times earlier in the year, and the price of some products, such as ve...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
Iraq Needs To Triple Power Capacity To Meet Short Term Demand Growth
...coming increasingly dependent on private sector power generation. The country’s supply averaged 6.403gw in the first quarter of 2011, according to the US’ Special Inspector General for Iraq Reconstruction (SIGIR). Capacity had steadily climbed from the beginning of 2008 through September 2009. Fr...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
OPEC Sees Demand Growth Slowing In 2012
...port, the first to show projections for 2012, noted that estimates remained constrained by uncertainty. The MOMR shaved OPEC’s estimate for 2011 world demand growth down to 1.36mn b/d, some 400,000 b/d higher than that for next year. “With the winding down of government-led stimulus, risks to the fo...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
IEA Trims Demand Growth Forecast On Persistent High Prices
...Middle East Economic Survey VOL. LIV No 29 18-Jul-2011 IEA Trims Demand Growth Forecast On Persistent High Prices The International Energy Agency (IEA) has reduced its oil demand growth forecast for 2011 as a result of “persistent high prices and somewhat weaker IMF economic pr...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
EIA Reduces Oil Demand Growth Forecast For 2011, Holds 2012 Outlook Steady
...Middle East Economic Survey VOL. LIV No 29 18-Jul-2011 EIA Reduces Oil Demand Growth Forecast For 2011, Holds 2012 Outlook Steady The Energy Information Administration (EIA) of the US Department of Energy has reduced its forecast for 2011 oil demand growth, but expects the ma...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
ESAI Warns Of Oil Market ‘Bull Trap’
...d will end the year negative. It is once again the countries of Asia and the Middle East which are driving the perception of rising and tight markets. Even so, this is 2011 not 2004, and global oil demand growth this year will be half what it was in 2004. ESAI estimates that OPEC production in Ju...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
Crude Oil Formulas/Posted Prices
...Middle East Economic Survey VOL. LIV No 29 18-Jul-2011 Crude Oil Formulas/Posted Prices ($/B) Iran (+ / - Adjustment Factor; $/B) 2011 2010 Aug Jul Jun May Apr Mar Feb Ja...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
China Joins Consortium To Invest In MENA Energy, Infrastructure
...pects to develop about 10 infrastructure and energy concession opportunities in EEMEA in 2011. ...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
Syria Launches Bid Round For Oil Shale Exploitation
...fer may be obtained from the ministry of petroleum’s website (www.petroleum.gov.sy) and/or from the GEGMR website (www.geology-syr.org). The closing date for the submission of bids is 30 November 2011. According to the official SANA report on 7 July, the area on offer at al-Khanasir consists of 14...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
Syria Extends Deadline For IOCs Qualifying For Offshore Bidding
...alify for the participation in international bidding for three offshore blocks. The closing date for the submission of tenders remains unchanged at 5 October 2011. The licensing round for the three offshore blocks with a total area of 9,038 sq km was launched on 24 March (MEES, 2 April). Syria’s Ge...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
Gulfsands Discovers ‘High Quality’ Reservoirs With Two Wells
...its update that average oil production from both fields combined in June was in excess of 21,000 b/d and that output is expected to rise to approximately 24,000 b/d by the end of 2011, with the drilling and tie-in of additional development and delineation wells and via minor upgrades and de-bo...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
AFPC Production Unaffected By Pipeline Blast
...is could not be verified. AFPC in the first quarter of 2011 produced 91,611 b/d of oil and 881 b/d of condensate (MEES, 16 May)....
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
Political Comment (18 July 2011)
...Middle East Economic Survey VOL. LIV No 29 18-Jul-2011 Political Comment (18 July 2011) The military standoff in Libya has produced talk of a political solution to the crisis, albeit one that involves the departure of Col Mu'ammar al-Qadhafi. Relations between Syria and the US ha...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
SPR Releases Are Not A Good Pricing Policy Tool
...rengthening in economic recovery in the United States and other regions in the coming future quarters despite the current weakness. The false report on the US job market, which was released on Thursday 6 July 2011 before the official non-farm employment report released on the next day, contributed to the 2....
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
Statement Of The Oil And Energy Committee Of The Council Of Representatives On The Oil And Gas Contracts
...Middle East Economic Survey VOL. LIV No 29 18-Jul-2011 Statement Of The Oil And Energy Committee Of The Council Of Representatives On The Oil And Gas Contracts The Council of Representatives, Baghdad, Iraq, 2 July 2011. Translated by Iraq Energy Institute. The Ministry of Oil ha...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
Shell, Baghdad Poised For Gas Breakthrough
...,000 b/d Diwaniya refinery should be put in place, giving Iraq domestic refining capacity of 680,000 b/d, some 140,000 b/d higher than at the beginning of 2011 (MEES, 17 January)....
Volume: 54Issue: 28Published at Mon, 11 Jul 2011 -
OPEC, IEA Supply ‘Surge’ Fails To Subdue Oil Prices
...5,000 b/d, their highest level since June 2009 (MEES, 4 July) OPEC Crude Oil Production June 2010 – June 2011 (MEES Estimates – ‘000 B/D) 2011 2010 Target Jun May Apr Mar Feb Jan Dec No...
Volume: 54Issue: 28Published at Mon, 11 Jul 2011 -
Project Finance At The Crossroads
...ants are built, three are to start in 2011 and 131 are under construction. Coal‐to‐chemical production reached 24mn tons in 2010 with a gross value of $1.37 trillion, and production is expected to reach 106mn tons/year by 2020, he said. This is something that Saudi Arabia, with its cheap gas, did no...
Volume: 54Issue: 28Published at Mon, 11 Jul 2011 -
Saudi Crude Price Changes A Mixed Bag For August Deliveries
...10/B, Arab Extra Light by $0.50/B and Arab Super Light by $1.00/B. Arab Medium was marked up by $0.30/B and Arab Heavy by $0.75/B. On the spot market, Qatar Land crude sold at QP minus $0.60/B in late June compared to QP minus $0.55/B earlier in the month. The formulas for August 2011 and the pr...
Volume: 54Issue: 28Published at Mon, 11 Jul 2011 -
Crude Oil Formulas/Posted Prices
...Middle East Economic Survey VOL. LIV No 28 11-Jul-2011 Crude Oil Formulas/Posted Prices ($/B) Abu Dhabi ($/B) 2011 2010 Jun May Apr Mar Feb Jan Dec Nov Oc...
Volume: 54Issue: 28Published at Mon, 11 Jul 2011