- Sort by:
- Score
- Published ▼
-
CGES Says Short Supply And Stockcover Keeping Crude Prices High
...ventories fell at an average rate of over 1.2mn b/d during the second half of 2010 and continued to fall in the first quarter of 2011,” it reported, adding that commercial inventories outside China, the FSU and Eastern Europe could before winter stand at less than 45 days worth of forward demand – “back at...
Volume: 54Issue: 39Published at Mon, 26 Sep 2011 -
Crude Oil Formulas/Posted Prices
...Middle East Economic Survey VOL. LIV No 39 26-Sep-2011 Crude Oil Formulas/Posted Prices ($/B) Nigeria (Dated Brent + / - Adjustment Factor; $/B) 2011 2010 Oct Sep Aug Jul Jun Ma...
Volume: 54Issue: 39Published at Mon, 26 Sep 2011 -
Egypt Reconsiders Borrowing From The IMF
...ssibility in June (MEES, 4 July). Reports from Egypt quote well informed sources that the government, together with the Supreme Council of the Armed Forces are looking into borrowing some $3bn from the IMF to finance the E£134bn ($22.5bn) deficit for fiscal 2011-12. A final decision on this issue is ex...
Volume: 54Issue: 39Published at Mon, 26 Sep 2011 -
Apache Announces Discovery And Production Well Test Results In Western Desert
...quired the Abu Gharadig field in 2010. The Tayim South 1-X well is the highest oil rate completion Apache has tested since it began operating in the Western Desert in 1996 and is the latest in a series of discoveries in the Faghur Basin. Apache has drilled 13 exploratory wells in the area during 2011...
Volume: 54Issue: 39Published at Mon, 26 Sep 2011 -
GE Signs Agreement To Build 2.25GW Power Plants
...owth in electricity demand from 2009 to 2010, and this is expected to continue at a rate of approximately 11% a year over the next five years. In April, Egypt allocated £E20bn ($3.36bn) for the electricity sector in fiscal year 2011-12 (MEES, 18 April). In order to meet the projected demand for el...
Volume: 54Issue: 39Published at Mon, 26 Sep 2011 -
Jordan Replaces Its Central Bank Governor
...corruption had caused a major drop in productivity and that foreign direct investment had dropped by JD1.5bn ($2.1bn) in 2011. Protesting the forced resignation, his mother Leila Sharaf, who is a member of the Upper House, or Senate, resigned saying, “I do not wish to serve in a government of co...
Volume: 54Issue: 39Published at Mon, 26 Sep 2011 -
Jordan Announces Price Decreases For Some Petroleum Products
...se in oil prices and the disruption of Egyptian gas supplies to Jordan at preferential prices in the aftermath of the Egyptian revolution. According to official statistics, the country’s energy import bill – crude oil, products and electricity – in the first half of 2011 rose by 74% to JD...
Volume: 54Issue: 39Published at Mon, 26 Sep 2011 -
Kuwait Closes 2010-11 Budget With $19Bn Surplus
...Middle East Economic Survey VOL. LIV No 39 26-Sep-2011 KUWAIT Kuwait Closes 2010-11 Budget With $19Bn Surplus Kuwait closed its fiscal year 2010-11 (1 April 2010-31 March 2011) with a remarkable surplus of KD5.3bn ($19.20bn) before the transfer to the Reserve Fund for Future Ge...
Volume: 54Issue: 39Published at Mon, 26 Sep 2011 -
Omani Crude Oil Production Edges Up 2.9% In August
...mp over 900,000 b/d of oil through 2011, and was targeting an average of 1mn b/d in 2012 for the first time in its history. “Our ambition is to attain an output target of 1mn b/d for the first time… this is a strategy and an objective which we are working to achieve.” ...
Volume: 54Issue: 39Published at Mon, 26 Sep 2011 -
IMF Sees Stalling MENA Growth In 2011
...Middle East Economic Survey VOL. LIV No 39 26-Sep-2011 REGIONAL IMF Sees Stalling MENA Growth In 2011 Commodity price movements and social unrest have adversely affected activity in some MENA economies, the IMF said on 20 September in its latest World Economic Outlook (WEO). Hi...
Volume: 54Issue: 39Published at Mon, 26 Sep 2011 -
Saudi Petchems Output To Grow 32% By 2015, Says NCB
...s 2007 level,” the report said. Based on the monthly averages of 1H11, the value of petrochemical exports is forecast to reach SR99.48bn ($27bn) by the end of 2011. In 2009, the sector’s import volume and value fell by 1.78% and 3.60%, respectively, to reach 3.31mn tons valued at SR41.22bn ($11...
Volume: 54Issue: 39Published at Mon, 26 Sep 2011 -
EU Increases Funding For Yemen Humanitarian Aid
...Middle East Economic Survey VOL. LIV No 39 26-Sep-2011 yemen EU Increases Funding For Yemen Humanitarian Aid The European Union is increasing its humanitarian funding for Yemen by €5mn, bringing the amount of assistance in the country to €20mn for 2011, the European Commission an...
Volume: 54Issue: 39Published at Mon, 26 Sep 2011 -
Political Comment (26 September 2011)
...Middle East Economic Survey VOL. LIV No 39 26-Sep-2011 Political Comment (26 September 2011) The Palestinians' decision to resort to the UN was probably designed to embarrass the Americans, and it succeeded. The Syrian opposition is trying to organize itself. Against all the od...
Volume: 54Issue: 39Published at Mon, 26 Sep 2011 -
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 -
Bankers Shrug Off Downturn To Finance Qatar’s $10Bn Barzan Gas/NGL Project
...w pricing Saudi’s Satorp secured last year. Barzan will boost the country’s already climbing NGL output – which will include 500,000 b/d of condensate and 10.7mn tons/year of LPG by the end of 2011. It will start up in 2014 and ramp up to 100,000 b/d of condensate. The $7.2bn debt financing fo...
Volume: 54Issue: 38Published at Mon, 19 Sep 2011 -
KRG Crude Exports Interrupted As Irbil/Baghdad Tensions Rise
...provide 100,000 b/d to the federal treasury – a contribution needed for the 2011 budget. In return, the KRG would receive around half the revenues to pay oil investors their costs. KRG crude exports rose sharply, hitting 175,000 b/d in June before declining in both July and August (MEES, 12 Se...
Volume: 54Issue: 38Published at Mon, 19 Sep 2011 -
Gulf Condensate And Naphtha Exports To Increase
...ndensate and naphtha exports – despite Iran’s gas projects almost grinding to a halt – according to a report by Asia Pacific Energy Consulting (APEC). APEC’s report, Condensate East of Suez 2011 – NGL Impacts on the Light-End Balances, also says Gulf condensate prices are increasingly being de...
Volume: 54Issue: 38Published at Mon, 19 Sep 2011 -
Crude Prices Strengthen With Plan To Bolster Eurozone
...id member countries would exercise flexibility in re-establishing their emergency stock levels through 2011-12. The action required none of the members to go below the 90-day stockholding requirements, the IEA statement said. In its Weekly Petroleum Status Report, released on 14 September, the En...
Volume: 54Issue: 38Published at Mon, 19 Sep 2011 -
OPEC Calls For Vigilance Amid Lower Demand Growth
...Middle East Economic Survey VOL. LIV No 38 19-Sep-2011 OPEC Calls For Vigilance Amid Lower Demand Growth OPEC made its fourth successive monthly cut to its projections for 2011 demand growth, the group’s latest Monthly Oil Market Report (MOMR) shows. None of the downgrades have be...
Volume: 54Issue: 38Published at Mon, 19 Sep 2011