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Aid Pledged To Libyan Rebels
...cause they are controlled by the Qadhafi regime. Contracts already signed can get an exemption until 15 July 2011, but this does not apply to oil, gas and refined products Swiss authorities said on 8 June that they had reclaimed money they had agreed to pay one of Col Qadhafi’s sons to secure the re...
Volume: 54Issue: 24Published at Mon, 13 Jun 2011 -
Shell Prepares First Qatari GTL Gasoil Shipment
...oduced from Pearl GTL for that plant, MEES understands. Meanwhile, Qatar will increase shipments of LPG to about 11mn tons/year in 2011 from 8.5mn t/y in 2010, Tasweeq CEO Sa'd al-Kuwari said recently. He added: “Qatar will become the largest condensate exporter in the Middle East this year. Co...
Volume: 54Issue: 24Published at Mon, 13 Jun 2011 -
Saudi Aramco Accelerates 900,000 b/d Manifa Offshore Project
...ows. As a result 500,000 b/d of Arab Heavy will now come on stream in 2013, with the remaining 400,000 b/d due the following year. Initially scheduled for 2011 start-up, last year’s annual review reported a 2013 start-up at 500,000 b/d, with plateau output of 900,000 b/d not to be reached until 20...
Volume: 54Issue: 24Published at Mon, 13 Jun 2011 -
IMF Says Saudi Real GDP Growth Rose To 4.1% In 2010
...Middle East Economic Survey VOL. LIV No 24 13-Jun-2011 SAUDI ARABIA IMF Says Saudi Real GDP Growth Rose To 4.1% In 2010 The Saudi economy has strengthened in 2010 and early 2011, “driven by a strong increase in non-oil GDP reflecting a rebound in the private sector supported by...
Volume: 54Issue: 24Published at Mon, 13 Jun 2011 -
Methanol Chemicals Company Agrees $222Mn Refinancing Deal
...mpany announced on 5 June on the Saudi bourse’s website. The Murabaha refinancing facility, which ends on 15 December 2017, was signed by SABB, Riyad Bank and Samba. It includes restructuring of a SR326mn ($87mn) cost overrun facility agreement dated 27 October 2009 and due on 18 November 2011, as we...
Volume: 54Issue: 24Published at Mon, 13 Jun 2011 -
Al-Rashid Petroleum Spuds New Appraisal Well
...the end of 2011 (MEES, 30 May, 16 May). ...
Volume: 54Issue: 24Published at Mon, 13 Jun 2011 -
Tunisia’s Economic Growth Rate Declines By 3.3% In 1Q11
...Middle East Economic Survey VOL. LIV No 24 13-Jun-2011 tunisia Tunisia’s Economic Growth Rate Declines By 3.3% In 1Q11 Tunisia’s economic growth rate fell by 3.3% at constant prices in the first quarter of 2011, compared to the same period of 2010, according to data released by...
Volume: 54Issue: 24Published at Mon, 13 Jun 2011 -
Political Comment (13 June 2011)
...Middle East Economic Survey VOL. LIV No 24 13-Jun-2011 Political Comment (13 June 2011) The violence in Syria has crossed what looks like a new threshold with the death of 120 security force members. Yemenis are waiting to see whether President Salih will return after flying to...
Volume: 54Issue: 24Published at Mon, 13 Jun 2011 -
Financing MENA Energy Investment In A Time Of Turmoil
...ICORP’s Economic Commentary dated June-July 2011. The views expressed are those of the author only. Comments and feedback may be sent to: aaissaoui@apicorp-arabia.com In the last Commentary from April, published in MEES’s Energy & Geopolitical Risk, we examined the extent unfolding events within ME...
Volume: 54Issue: 24Published at Mon, 13 Jun 2011 -
Chevron Faces Difficulties In Neutral Zone Steam Injection
...says. PDO is implementing miscible gas injection at the Harweel cluster, and started polymer injection at Marmul in January 2011. Bahrain Targeting 100,000 b/d From Awali Oxy also teamed up with Abu Dhabi’s state-owned Mubadala Development Company and the National Oil and Gas Authority of...
Volume: 54Issue: 23Published at Mon, 06 Jun 2011 -
Saudi LPG Prices For June Reduced From Record Highs
...Date of Change Propane Butane Change Propane Butane Change Propane Butane 2009 1 Jan 380.00 380.00 2010 1 Jan 740.00 735.00 2011...
Volume: 54Issue: 23Published at Mon, 06 Jun 2011 -
South Stream Questions Third Party Access Obligation
...ead within its original timetable and expected the final feasibility study for the entire pipeline system to be completed by the end of 2011. Mr Kramer said that South Stream does not increase the dependence of EU importing states on Russia, but primarily diversifies their import routes, even th...
Volume: 54Issue: 23Published at Mon, 06 Jun 2011 -
Energy Ministry to Issue Bonds, Plans Third Interconnector to Armenia
...Middle East Economic Survey VOL. LIV No 23 6-Jun-2011 IRAN Energy Ministry to Issue Bonds, Plans Third Interconnector to Armenia Iran’s Minister of Energy Majid Namjou told IRNA on 29 May that his ministry will issue over the current Iranian year (21 March 2011 – 20 March 20...
Volume: 54Issue: 23Published at Mon, 06 Jun 2011 -
Jordan Announces Price Cuts For Some Petroleum Products
...test price list will apply until 28 June. Product Prices Effective 1 June 2011 (Fils/Liter, Unless Otherwise Stated) 2011 2010 Product 1 Jun 2 May 1 Apr 4 Mar 28...
Volume: 54Issue: 23Published at Mon, 06 Jun 2011 -
Oman Reveals Plan To Spend Up To $15Bn On Infrastructure And Projects By 2020
...clining mature oil fields (MEES, 30 May). “The company’s ambitious plans for 2011-15 call for extensive 3D seismic data acquisition, continued search for completely new geological opportunities, as well as the drilling and testing of approximately 140 exploration and appraisal wells,” the report said. ...
Volume: 54Issue: 23Published at Mon, 06 Jun 2011 -
Qatar To Spend $4Bn On New Infrastructure Projects
...ve a three-year maturity and 5% yield, with QR33bn ($9.1bn) going to conventional banks and QR17bn ($4.7bn) to Islamic banks (MEES, 24 January). Shaikh Hamad stated that Qatar has achieved a record real growth rate of 16% in 2010 and is expected to raise this growth rate to 20% in 2011. He also sa...
Volume: 54Issue: 23Published at Mon, 06 Jun 2011 -
Qatar’s Power Capacity Reaches 9GW As Ras Girtas Plant Inaugurated
...ying on 31 May. Qatar had raised its power capacity to more than 8.7gw by the start of 2011, from 4.263gw at the end of the second quarter of 2008 (MEES, 27 September 2010). The Ras Girtas power plant project has reached its design capacity of 2.73gw of electricity and 63mn g/d of potable wa...
Volume: 54Issue: 23Published at Mon, 06 Jun 2011 -
Gulf Petrochemicals Expected To Reach 20% Share Of Global Market, Says GPCA
...id the Gulf Petrochemical and Chemical Association (GPCA) on 31 May. The Gulf petrochemical and chemical industry is on firmer footing in 2011 after the harsh economic downturn of 2008 and 2009, according to GPCA. It is seeing higher demand and prices and generating excellent financial results. “Th...
Volume: 54Issue: 23Published at Mon, 06 Jun 2011 -
Saudi Money Supply Growth Soars To Two-Year High In April, BSF Says
...ntal inflation and some base effects.” The Saudi Arabian Monetary Agency (SAMA) disclosed in its latest quarterly inflation report that it expected inflationary pressures in the kingdom to continue “at moderate rates” in the second half of 2011. “The block of state initiatives unveiled in the fi...
Volume: 54Issue: 23Published at Mon, 06 Jun 2011 -
Political Comment (6 June 2011)
...Middle East Economic Survey VOL. LIV No 23 6-Jun-2011 Political Comment (6 June 2011) Syrian President Bashar al-Asad's declaration of a general amnesty has met with a skeptical reception. Yemen's problems are metastasizing. In Bahrain the authorities have lifted martial law an...
Volume: 54Issue: 23Published at Mon, 06 Jun 2011