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The Elusive Costs And Benefits Of Saudization
...essure on the government to devise a more potent employment strategy. A broader and more rigorous quota program came into effect in late 2011. Nitaqat (bands), as it is labeled, requires private companies to meet strict Saudization ratios, differentiated by the size and sector of the enterprise. Co...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
The US Shale Revolution In Numbers
...blication of the 2011 proved US reserve data and the latest production data (May 2013) by the US government’s Energy Information Administration (EIA) seems to reinforce initial excitement among industry representatives and investors. Oil reserves rose by 1.6bn barrels in 2009, and by another 2.6bn in 2010. In...
Volume: 56Issue: 39Published at Fri, 27 Sep 2013 -
Cutting GCC Oil And Gas Consumption: A Roadmap
...source exports. In this context, Chatham House worked with partner institutions, policy-makers and technical experts in Saudi Arabia, the UAE, Oman, Qatar and Kuwait to support practical strategies to conserve energy. Between 2011 and 2013, discussions took place at six workshops, including re...
Volume: 56Issue: 37Published at Fri, 13 Sep 2013 -
Libya And Iraq: The Weakest Links In World Oil Markets
...oblems date back to October 2011, when Qadhafi was finally ousted and attempts to repair the country ravaged by dictatorship began. The revolution was not won by a single group with cohesive aims, but a collection of diverse militias. From the outset, there was a high degree of tension between se...
Volume: 56Issue: 36Published at Fri, 06 Sep 2013 -
Saudi Arabia Battles To Cut Power Sector Fuel Consumption
...cording to the Kingdom’s Electricity and Cogeneration Regulatory Authority, between 2000 and 2009 gas consumption for power generation grew by 94% to reach 22.1mn cm/d. In 2010, crude oil continued to command the largest share, at 40% of fuel consumption. In 2011, this decreased by 3%, while the share of ga...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
Oil Price Slumps And OPEC’s Impossible Dilemma
...an idea that only four or five years ago would have been regarded as lunatic. The in-joke last year among oil market watchers was that North Dakota would be the next member of OPEC. In 2011, North Dakota produced more oil than OPEC’s Ecuador! Thus the dilemma is simple. OPEC co...
Volume: 55Issue: 38Published at Fri, 14 Sep 2012 -
A Review Of Greg Muttitt’s ‘Fuel On The Fire’
...w. It will need more books like this and, more critically, books in Arabic and by Arabs. Notes 1. G Muttitt, ‘Fuel on the Fire – Oil and Politics in Occupied Iraq’, Random House, April 2011 (for further details e-mail author at info@fuelonthefire.com). 2. R Springborg,’ Oil and Democracy in Ir...
Volume: 54Issue: 39Published at Mon, 26 Sep 2011 -
Fluctuations In The Gold Price And Its Relation To Oil Markets
...e world’s central banks to become net buyers. The World Gold Council announced in its recent report that the world’s central banks have in the first five months of 2011 purchased 155 tons of gold ,valued at $18.8bn, which is more than the total amount of gold they purchased in 2010. Currently, 6....
Volume: 54Issue: 39Published at Mon, 26 Sep 2011 -
What Happens In Europe May Not Stay In Europe: Fear Of A US Recession
...mmousm@drexel.edu. Fears of a developing sovereign debt crisis in Europe started in late 2009, but the situation became particularly tense in early 2011. ‘Crisis Europe’ included Eurozone members Greece, Ireland and Portugal and also some European Union (EU) countries from outside the Eurozone. In the EU, pa...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
The Dawn Of A New Energy Era
...Middle East Economic Survey VOL. LIV No 37 12-Sep-2011 The Dawn Of A New Energy Era By Vahid Fotuhi Mr Fotuhi is Chairman of the Emirates Solar Industry Association (ESIA). The year 2011 has been memorable for the Middle East. But while all the media attention has been fo...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
From Glass Box To Smoke-Filled Room: How Rumaila Contract Was Renegotiated
...e Problems? Whatever their view of the bid rounds, Iraqi oil experts were almost unanimous in criticizing the production levels the contracts set – both for their impact on the oil price and for being unrealistic given the state of Iraqi infrastructure. During the course of 2011, the Ministry of...
Volume: 54Issue: 36Published at Mon, 05 Sep 2011 -
GCC Countries Can Draw Lessons From China’s Exchange Rate Experience
...rprising for the WTI price to pass $100/B in 2011. This reminds us of 2008 when the price reached $147/B in July and inflation in some GCC countries touched 14% and real estate bubbles sizzled. The GCC currencies that are pegged to the dollar became undervalued and revaluation became a necessity to combat im...
Volume: 53Issue: 36Published at Mon, 06 Sep 2010 -
A Lesson Learned?
...an current demand. If their demand estimate for 2011 were adjusted downward by the 10% suggested by the 1980s experience, with a resumption of a 1% growth thereafter, the requirements for OPEC crude would be reduced to the point that the OPEC members would again be squabbling and cheating on qu...
Volume: 51Issue: 38Published at Mon, 22 Sep 2008 -
The Georgia-Russia Standoff And The Future Of Caspian And Central Asian Energy Supplies
...rst successful new oil export project. The 3,000km Atyrau-Alashankou oil pipeline is scheduled to be completed in several stages by 2011 and is projected to bring around 200,000 b/d of Caspian oil to China (20mn tons/year annually, with the potential to reach 50mn t/y). 5. For a thorough as...
Volume: 51Issue: 36Published at Mon, 08 Sep 2008