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Syria Inaugurates Oil And Gas Training Center
.../50 joint venture between GPC and INA Naftaplin of Croatia. The plant will have a capacity to produce 3.7mn cmd of sales gas, 180 tons/day of LPG and 12,000 b/d of condensate and crude, and was due to come on stream at the beginning of 2011 (MEES, 2 August). ...
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
Dubai Denies Local Airline Get Preferential Treatment
...Afghanistan, whose mission there does not end until 2011, with Canada now expected to make use of bases located in Cyprus, Pakistan and Germany for the remaining few months of its obligations....
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
OPEC Communiqué – 157th Meeting Of The OPEC Conference
...ected HE Masoud Mirkazemi, Minister of Petroleum of the Islamic Republic of Iran and Head of its Delegation, as President of the Conference for one year, with effect from 1 January 2011, and HE Dr Husain al-Shahristani, Minister of Oil of Iraq, as Alternate President, for the same period. The co...
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
Shell Commissions $18-19Bn Pearl GTL Plant In Qatar
...ofitable. Shell is commissioning the world’s largest gas-to-liquids (GTL) plant in Qatar, which will produce 140,000 b/d of GTL products and 120,000 b/d of natural gas liquids (NGLs) when it ramps up to full output in 2012. Shell expects to see gas and NGLs in its Pearl plant in early 2011 and to ship it...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
Cyprus Confers With Offshore Neighbors Prior To Next Bidding Round
...litical issues of common interest in relation to offshore mineral wealth.” Cyprus had been expected to hold a second round in late 2010 and the Energy Department of the Ministry of Commerce and Industry told MEES in July that the launch of a second round would take place during the first half of 2011 (ME...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
Vitol Terminal Construction Set For 2011
...Middle East Economic Survey VOL. LIII No 40 4-Oct-2010 CYPRUS Vitol Terminal Construction Set For 2011 Vitol Tank Terminals International (VTTI) on 29 September said the construction of a new 343,000 cu ms (2.14mn barrels) petroleum products tank farm at Vasilikos in Cy...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
IAEO Chief Denies Further Slip In Bushehr Schedule Linked To Computer Virus
...ergy Organization (IAEO), has denied press reports linking a further delay in the completion of the 1gw nuclear power plant at Bushehr with a virus discovered on computers at the plant. AFP reported on 29 September that Bushehr was now expected to begin generating electricity by early January 2011...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
APICORP Prepares To Launch First Ever Bond
...mmented APICORP’s Chief Executive and General Manager, Ahmad Bin Hamad al-Nuaimi. MENA energy capital investment growth will recover from post crisis contraction, climbing to $615bn in 2011-15 from $550bn in 2009-14, suggests APICORP’s Senior Consultant Ali Aissaoui (see page 27). For APICORP’s bo...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
Aksa Enerji Awards Samsun Power Plant Contract To Wartsila
...stallation of a new gas-fired unit with a rated output of 18.3mw. Wartsila said in a statement that the scope of supply also includes the controls, automation and auxiliary equipment for the fuel gas, charge air, cooling and exhaust gas systems. When the new engine is commissioned in 2011, the plant will ha...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
MENA Energy Investment Outlook: Recovery Despite Uncertainty
...shall provide insight into the key trends and challenges facing energy investments in the Middle East and North Africa (MENA) for the five-year period 2011-15. The context of the review is that of a global demand for energy gradually recovering and of crude oil prices stabilizing within an ad...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
Russian JVC To Explore Turkmen Offshore Block 21
...rly 2011, according to a Gazprom corporate journal of 4 October. Itera Chairman Igor Makarov reportedly said: “This year we will draw up the block’s geochemical scheme and start 2D and 3D seismic exploration work, which we will finish in 2011. All the work will be organized on the lines of an open in...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
IMF Completes Iraq Review, Makes $741Mn Available For Disbursement
...rcumstances. The fund-supported program has provided a valuable anchor for economic policy during a period of high vulnerability. In the first half of 2010, oil revenues remained strong, inflation continued to be subdued, and the budget recorded a surplus. For 2010 as a whole and 2011, based on co...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
Egypt To Resume Agreed Gas Supply To Jordan
...rdanian officials are due to meet in the near future to discuss natural gas supplies in 2011 and the possibility of concluding a supplementary agreement for the extra gas that Jordan wishes to import from Egypt. Jordan was expecting to sign such a deal in July (MEES, 26 July). ...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
Dolphin Energy Announces Maintenance Program For February
...tural gas to the UAE via a pipeline from Qatar, announced that it will undertake a planned maintenance program at a number of onshore and offshore facilities in February 2011. Extensive inspection and maintenance work on Trains 1 and 2 of the Stream 2 facilities located at Ras Laffan and on one pr...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
IMF Sees Oil Price Rebound Leading MENA Growth In 2010-11
...d importers in the MENA region in ways that should see them experience robust growth in 2010 and 2011, the IMF said in its World Economic Outlook for October. The IMF projects a 4.1% average growth rate for the region as a whole this year, with an increase to 5.1% in 2011. Oil exporters, buoyed by...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
SFD Lends Bahrain $115Mn
...der three loan agreements signed on 30 September in Manama. The first agreement for SR187.5mn ($50mn) will help cover the cost of an electricity transmission project, whose construction began in 2007 and is due for completion in 2011. The second agreement for SR143mn ($38.1mn) will finance the im...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
Credit Agricole Sees GCC Banks Reverting To Fundamentals
...ogram in which the role of banks has yet to be defined. “Reliance on state funds to finance development projects underpins the urgency of better engaging the private sector in 2011,” the bank said. Inflationary pressure in Saudi Arabia, which saw its inflation rate jump to a regional high of ab...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
NCB Says Saudi Arabia “Well Placed” For Growth In 2010
...pital inflows with the resumption of private sector credit continuing to support the non-oil sector. Real GDP growth has therefore been forecast at approximately 3.7% for 2010 and 4% for 2011. After the contraction of the oil sector by 6.7% in 2009 due to successive cuts in production, the NCB sa...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
Weak Performance For Saudi Banking In August, Says BSF
...lue. Banks are unlikely to see a substantial revival in credit until there is good growth in long term project financing, which BSF expects will take place in 2011 and 2012. There was also a notable decline in deposits of 1.8% from July to SR925.87bn ($247bn), which led to a rise in the loan-to-de...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
GE Wins $700Mn Contract For SEC Power Plant
...ted that Saudi Arabia, which has an installed capacity of 44gw, is expected to need about 70gw of power by 2020. GE will begin shipment of the equipment for PP11 in 2011 and the first phase of the project generating 788mw is scheduled to enter commercial operation in mid-2012. The second phase wi...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010