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IMF Says Jordan’s GDP Growth Averaged 5.6% In 2008
...2011. The directors recommended attaching top priority to completing the reform of public financial management and welcomed efforts to enhance public debt management. Finally, they agreed that the exchange rate peg, which has provided stability in the challenging global environment, remains an ap...
Volume: 52Issue: 21Published at Mon, 25 May 2009 -
Project Finance Deals Push Ahead Despite Reduced Funding
...prove and by 2011 banks’ balance sheets will be much stronger, allowing pricing to fall....
Volume: 52Issue: 20Published at Mon, 18 May 2009 -
South Stream Gas Pipeline Plans Taking Shape, Eni Seeks Counterbalance To Gazprom
..., aren’t yet finished. The project’s pre-feasibility studies are expected in September,” he noted. Gazprom is pushing for the South Stream final investment decisions to be taken by all parties by early 2011, with a view to completing construction by 2015. The Russian firm has repeatedly said th...
Volume: 52Issue: 20Published at Mon, 18 May 2009 -
Masdar To Invest In London Array Wind Farm After UK Agrees Subsidy
...chnology as we move toward a low carbon future.” The British government allocated £525mn in the 2009 budget for offshore wind subsidies between 2011 and 2014, much of them for the London Array project. Alastair Darling, Chancellor of the Exchequer, announced last month that a further £4bn in subsidies co...
Volume: 52Issue: 20Published at Mon, 18 May 2009 -
GEEI Green Paper Urges Quick US Action On Energy Security
...obal dependency on OPEC oil. Oil at $40/B has already led to a slowdown in new investment in Canadian oil sands and other energy projects,” the paper says. “By the time demand recovers, perhaps as late as 2010 or 2011, a supply gap may emerge which could take another five to seven years to fill. Ma...
Volume: 52Issue: 19Published at Mon, 11 May 2009 -
China To Close Small Refineries
...Middle East Economic Survey VOL. LII No 19 11-May-2009 SUPPLY/DEMAND China To Close Small Refineries China’s National Development and Reform Commission (NDRC) has announced that the government will close all refineries with capacities below 1mn tons/year (20,000 b/d) by 2011 an...
Volume: 52Issue: 19Published at Mon, 11 May 2009 -
China Approves Storage Plan For 10Mn Tons Of Refined Products
...Middle East Economic Survey VOL. LII No 19 11-May-2009 SUPPLY/DEMAND China Approves Storage Plan For 10Mn Tons Of Refined Products China has approved a plan to build by 2011 storage facilities to hold 10mn tons of refined products, Reuters reported on 6 May. The products in...
Volume: 52Issue: 19Published at Mon, 11 May 2009 -
Bulgaria And Qatar Holds Further LNG Talks, As Poland Signs Deal With Qatargas
...rkets of Bulgaria, Romania and possibly Hungary to LNG imports from the Middle East and North Africa. Bulgaria recently signed a memorandum of understanding (MOU) with Egypt for the supply of 1 bcm/y of gas, to be delivered as LNG beginning in 2011-12 (MEES, 4 May). The EERP has earmarked more th...
Volume: 52Issue: 19Published at Mon, 11 May 2009 -
CBI Reports Some Favorable Economic Indicators Until End 2008, But Future Uncertain
...09-10) 7.103 1389 (2010-11) 2.623 1390 (2011-12) 2.189 1391 (2012-13) onwards 7.261 The value of Iran’s oil and gas exports by 20 December 2008 stood at $71.654bn, compared to $58.147bn a year earlier, according to the CBI. By 20 December the value of...
Volume: 52Issue: 19Published at Mon, 11 May 2009 -
Qatar Breaks Ground On $4Bn IWPP
...its full rates by 2011. It will be the largest power operation in Qatar, and one of the largest in the Gulf, when it comes on line. Speaking at the groundbreaking ceremony, Deputy Premier and Minister of Energy and Industry 'Abd Allah al-'Attiyah said that the project is part of the power an...
Volume: 52Issue: 19Published at Mon, 11 May 2009 -
Saudi Arabia Set For 1.55Mn B/D Capacity Surge
...have come on stream in September 2011, but MEES understands the development timetable has been extended 18 months, putting full Manifa commissioning well into 2013. Manifa output, which was earmarked to feed new high conversion refineries in the Kingdom, was to have offset declines. Saudi Ar...
Volume: 52Issue: 18Published at Mon, 04 May 2009 -
Bulgaria Signs MOU For Egyptian LNG Imports
...e import of up to 1 bcm/year of Egyptian LNG beginning in 2011-12. Mr Dimitrov told reporters: “This deal is extremely important for Bulgaria after the January crisis, as it opens possibilities for Bulgaria to import gas from Egypt. There are possibilities to import LNG through an existing te...
Volume: 52Issue: 18Published at Mon, 04 May 2009 -
Libya To Buy Verenex Within Weeks, Says Ghanem
...ocedure in Canada, do we have to establish a company, do we have to take it directly,” the Libyan official said. “But it will be ours.” Verenex has drawn up a development plan that envisages initial oil production of around 50,000 b/d when the first discoveries are brought on-stream in 2011. Co...
Volume: 52Issue: 18Published at Mon, 04 May 2009