- Sort by:
- Score
- Published ▼
-
Beirut Eyes LNG Import Decision, Touts Reserves
...ES, 5 December 2011). “What we are hearing is kind of an acceptance that ‘yes, Lebanon has done things right’ by the science by which you do a maritime border,” Mr Basil said. “If we reach a point where we think the talks are not helping, we might later use other means.”A resurgence in investor interest wa...
Volume: 55Issue: 12Published at Mon, 19 Mar 2012 -
Moody’s Maintains Morocco’s Ba1 Rating, Citing ‘Low Economic Strength’
...dium institutional strength” and moderate government financial strength. Morocco’s budget deficit widened substantially from 4.7% of GDP in 2010 to 6.1% of GDP in 2011 on account of the sharp hike in state expenditure in the form of subsidies and increases in public sector wages. Further to this, the co...
Volume: 55Issue: 12Published at Mon, 19 Mar 2012 -
Qatar Postpones State Budget On Accounting System Changes
...rategy 2011-16, which includes programs for 190 sectors. Nevertheless, the budget will remain annual, he stated. Mr Kamal said that the cabinet had not yet addressed the oil price it would use in its next budget. Qatar Petroleum has adopted $65/B for its budget, but this is not the state’s fi...
Volume: 55Issue: 12Published at Mon, 19 Mar 2012 -
Qatar Postpones State Budget On Accounting System Changes
...rategy 2011-16, which includes programs for 190 sectors. Nevertheless, the budget will remain annual, he stated. Mr Kamal said that the cabinet had not yet addressed the oil price it would use in its next budget. Qatar Petroleum has adopted $65/B for its budget, but this is not the state’s fi...
Volume: 55Issue: 12Published at Mon, 19 Mar 2012 -
SEC Seeking Developers For Power Plant Based On Fuel Oil
...veloped by Saudi Arabia’s ACWA, Samsung and the MENA Fund. They signed an agreement on 21 September last year to implement the project (MEES, 26 September 2011). Originally conceived as 1.8gw, its scope was more than doubled to 3.927gw due to cost savings on tariffs. It is now potentially the world’s la...
Volume: 55Issue: 12Published at Mon, 19 Mar 2012 -
Mapna Wins Contract To Build Syrian Power Plant
...w in supply due to high growth in population and the use of old generation plants which require frequent maintenance (MEES, 24 October 2011). However, due to ongoing political turmoil in the country, the power shortfall has increased to 2.6gw according to Syrian Minister of Electricity 'Imad Khamis (ME...
Volume: 55Issue: 12Published at Mon, 19 Mar 2012 -
IMF Sees UAE Economic Growth Slowing To 2.3% This Year
...UAE IMF Sees UAE Economic Growth Slowing To 2.3% This Year The International Monetary Fund (IMF) said on 14 March that it expects the UAE’s GDP growth to slow to 2.3% this year from 4.9% in 2011 amid limited potential for further near term increases in oil production. Non-oil growth wa...
Volume: 55Issue: 12Published at Mon, 19 Mar 2012 -
TAQA To Increase 2012 Capex To $2.2Bn, Sees 2011 Profits Slide
...UAE TAQA To Increase 2012 Capex To $2.2Bn, Sees 2011 Profits Slide State-owned Abu Dhabi National Energy Company (TAQA) has said it is looking to increase its capital expenditure (capex) from $1.9bn in 2011 to around $2.2bn this year as it presses ahead with plans to expand both its up...
Volume: 55Issue: 12Published at Mon, 19 Mar 2012 -
Dubai To Invite Bids For $3.2Bn Solar Park By September
...ntinued. Dubai can no longer rely on gas-starved Abu Dhabi to meet its power needs and has recently launched an initiative – the Dubai Integrated Energy Strategy 2030 – which aims to generate 1% of the emirate’s power from solar plants by 2020, and 5% by 2030 (MEES, 3 October 2011). Late last month DEWA aw...
Volume: 55Issue: 12Published at Mon, 19 Mar 2012 -
Work Starts On Masdar’s Seychelles Wind Farm
...UAE Work Starts On Masdar’s Seychelles Wind Farm The foundation stone for the Seychelles’ first major wind farm project has been laid, Abu Dhabi’s Masdar clean energy project announced earlier this month. The project’s inauguration was originally scheduled to take place in December 2011...
Volume: 55Issue: 12Published at Mon, 19 Mar 2012 -
San'a Targets Bidding Round By Year-End
...botage (MEES, 24 October 2011). Speaking on the sidelines of the International Energy Forum in Kuwait on 13 March, Mr 'Abd Allah noted crude output has been severely curtailed from the level of 220,000-250,000 b/d seen before the February 2011 unrest began. “Production at the moment is around 130,000 b/d. It...
Volume: 55Issue: 12Published at Mon, 19 Mar 2012 -
BP Exits Algeria’s Rhourde El-Baguel
...r Algerian business.” As part of the ongoing exploration program at Bourarhat, BP has been pursuing unconventional gas through a program of hydraulic fracturing (MEES, 28 February). BP’s gas production in Algeria, after royalties and other payments, eased to 1.18bn cu ms for 2011, from 1.3 bc...
Volume: 55Issue: 11Published at Mon, 12 Mar 2012 -
Block 12 Gas Reserves Estimated At 5.1 TCF By Netherland Sewell
...ock 12 contained two reservoirs with proven reserves of 1.7 tcf and 3.4 tcf respectively, based on the results from the Cyprus A-1 well. Noble holds a 70% working interest in Block 12, which subsidiaries of Israel’s Delek Group, Delek Drilling and Avner Oil & Gas each hold 15% (MEES, 12 December 2011...
Volume: 55Issue: 11Published at Mon, 12 Mar 2012 -
Kuwait Energy Reports Fourth Find On Western Desert Concession
...% of Kuwait Energy’s current 15,000 boe/d production (of which 10,000 b/d is in Egypt). Beach produced a mere 6,600 boe/d in 2011 and Dover, something of a silent partner on the block, has no current production. Drilling of the last two wells of the six-well campaign is underway, initial results are cu...
Volume: 55Issue: 11Published at Mon, 12 Mar 2012 -
Edison Hit By Egyptian Debts, Struggling To Fund Spending
...EGYPT Edison Hit By Egyptian Debts, Struggling To Fund Spending Italy’s Edison is the latest company to announce that overdue Egyptian payments have hit its bottom line. The company’s working capital fell by €494mn in 2011 with the chief culprit “overdue receivables” relating to its Eg...
Volume: 55Issue: 11Published at Mon, 12 Mar 2012 -
CBE Reports Slower Erosion Of Reserves In February
...the end of February from $16.3bn at the end of January, the CBE said. But despite this slowing down, the situation remains fragile, and Egypt has used half its reserves since January 2011 to support the value of the Egyptian currency (MEES, 27 February). Egyptian Prime Minister Kamal al-Ga...
Volume: 55Issue: 11Published at Mon, 12 Mar 2012 -
Egypt Gas Export Pipeline Attacked For 13th Time
...eraged about one per month since former president Husni Mubarak was forced from power in February 2011. Shipments to Jordan, which relies on Egyptian gas for about 80% of its power generation, and to Israel, have over the last year been seriously disrupted at times, to the point that neither country now re...
Volume: 55Issue: 11Published at Mon, 12 Mar 2012 -
Iran Threatens To Stop Oil Supply To Belgium, Czech Republic And Netherlands
...bruary the European Commission announced that Netherlands and Belgium had terminated all crude imports from Iran “within January 2012” whereas the Czech Republic stopped buying Iranian crude in July 2011 (MEES, 27 February). /font> ...
Volume: 55Issue: 11Published at Mon, 12 Mar 2012 -
Iran’s 2012 Budget Allocates $5Bn To Refinery Completion
...sets of the National Development Fund, which is dedicated to the execution of the 2011-15 five-year development plan. The NIORDC investment is intended to speed the construction of the Persian Gulf Star and Anahita refineries, with throughput capacities of 360,000 b/d and 120,000 b/d, respectively. The la...
Volume: 55Issue: 11Published at Mon, 12 Mar 2012 -
Parliament Ratifies Record 2012 Iraqi Budget
...cember figures (MEES, 12 December 2011). But, according to Inside Iraqi Politics, on 29 February, the passage of the budget by parliament “is a victory for Prime Minister Nuri al-Maliki, who made minor concessions and received a budget imprinted with strong central government views. Its very passage also ce...
Volume: 55Issue: 11Published at Mon, 12 Mar 2012