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Iranian Gasoline Imports Halved In First Quarter, IEA Assesses Impact Of Sanctions
...First Quarter, IEA Assesses Impact Of Sanctions Iranian gasoline imports almost halved during the first quarter of the current Iranian year (21 March 2010 – 20 March 2011) to 507,250 tons of gasoline worth $376mn,ISNA news agency reported on 13 July. In the same period last year Iran imported 1....
Volume: 53Issue: 29Published at Mon, 19 Jul 2010 -
Iranian Government Sells 18 % Of Iran Khodro
...rket. The company plans to increase its production of vehicles in 2011 to 730,000 from 680,000 in 2010. The TSE Tepix Index closed at 15,080 on 14 July, rising sharply from around 12,537 at the beginning of the new Iranian calendar year starting on 21 March. The government plans to privatize a nu...
Volume: 53Issue: 29Published at Mon, 19 Jul 2010 -
Higher Oil Prices And Fiscal Spending Help GCC Recover, Says Emirates NBD
...al GDP in GCC markets grew by 8% in 2008 and then slowed abruptly to 1.8% in 2009. Renewed activity should translate into a 4.8% real GDP increase in 2010, reaching a growth rate of 5.5% in real terms through 2011. Emirates NBD expects growth in the UAE to rise from 2.5% in 2010 to 4.0% in 2011. Real GD...
Volume: 53Issue: 29Published at Mon, 19 Jul 2010 -
Sudan’s Politicians Clash Over Pipeline, Groups Warn Of War If No Oil Deal
...peline, Groups Warn Of War If No Oil Deal Leaders in land-locked South Sudan have clashed with the Sudanese Oil Minister Lual Deng about the viability of a $15bn, 450,000 b/d oil pipeline to Kenya. Without the pipeline, the South – expected to vote for independence from the North in January 2011 – will de...
Volume: 53Issue: 29Published at Mon, 19 Jul 2010 -
EMAL Secures $737Mn Of ECA Funding, Continues To Eye Capital Markets
...uminum smelter complex. It is being built in two phases, with phase one production starting in December 2009, and ramping up to full output of 750,000 tons/year of aluminum in April 2011, and once phase two is finished it will produce 1.5mn t/y. The project will produce primary aluminum with a product mi...
Volume: 53Issue: 29Published at Mon, 19 Jul 2010 -
EIA Sees Demand Growth At 1.56Mn B/D For 2010
...ft its assessment of global crude oil demand growth for 2010 and 2011 almost unchanged, in its latest Short-Term Energy Outlook, released on 7 July. World oil consumption is expected to increase by 1.56mn b/d in 2010 and 1.47mn b/d in 2011. But the Outlook says that estimates for oil consumption in 20...
Volume: 53Issue: 28Published at Mon, 12 Jul 2010 -
Bulgaria Lukewarm On Burgas-Alexandroupolis, Bullish On South Stream And Belene
...t decide on participation in the Burgas-Alexandroupolis oil pipeline project before February 2011 at the earliest. However, a visit to Sofia by Russia’s Deputy Prime Minister and Gazprom Chairman Viktor Zubkov on 6-7 July appears to have ended Bulgaria’s procrastination over the other two of three st...
Volume: 53Issue: 28Published at Mon, 12 Jul 2010 -
BG Plans Expansion Of WDDM Gas Facilities
...ncession, will be operational by the end of 2010, with the company also planning to drill an additional nine development wells on the block by late 2011, he told reporters on 7 July. “Gas demand in Egypt is going up, and increased demand helps promote exploration,” Mr Sufi noted. BG manages its upstream ac...
Volume: 53Issue: 28Published at Mon, 12 Jul 2010 -
IMF Revises Up 2010 Global Outlook
...tlook The International Monetary Fund (IMF) has revised upwards its global economic growth projections for 2010 and 2011 in the July update of its World Economic Outlook. The global economy is expected to expand by 4.6% in 2010, up from projections in April which saw growth at 4.2% (MEES, 26 April). The ne...
Volume: 53Issue: 28Published at Mon, 12 Jul 2010 -
GCC Economies Return To More Robust Growth, Says Samba
...oblems in Europe are unlikely to alter materially economic growth prospects for the GCC states for the remainder of this year and 2011. Any further immediate dip in oil prices should be in large measure offset by a stronger dollar, according to Samba. However, deterioration in loan portfolios in various co...
Volume: 53Issue: 28Published at Mon, 12 Jul 2010 -
Aliyev Outlines Azerbaijan’s Gas And Oil Export Prospects
...2011. Q: One of the most interesting aspects of your strategy is the possibility to export 1-1.5 bcm/y to Syria through a 3 bcm/y Turkish-Syrian gas interconnector, which would be ready by 2011-12. How is this plan developing? A: This is indeed an interesting proposal from the part of the Sy...
Volume: 53Issue: 27Published at Mon, 05 Jul 2010 -
Tighter Sanctions Aimed At Iran’s Energy Sector
...ould add almost 29,000 b/d to gasoline production by 2011. By 2012, it estimates an 80,000 b/d crude distillation capacity boost to the 168,000 b/d Arak refinery, as well as Residue Fluidized Catalytic Converter (RFCC), Continuous Catalytic Reformer (CCR) and hydrotreater capacity additions. And both Ba...
Volume: 53Issue: 27Published at Mon, 05 Jul 2010 -
MEES Agenda: Strong Crude Price Boosts 2010 Budgets, Encourages Higher 2011 Estimates
...Middle East Economic Survey VOL. LIII No 27 5-Jul-2010 Strong Crude Price Boosts 2010 Budgets, Encourages Higher 2011 Estimates With the first half of the year over, most oil producing co...
Volume: 53Issue: 27Published at Mon, 05 Jul 2010 -
Bulgaria Calls For Detailed Gas Talks With Turkey And Azerbaijan
...d the Balkans by the end of 2011. Sofia News Agency reported on 30 June that the two sides also discussed a November 2009 memorandum of understanding (MOU) for the export of compressed natural gas (CNG) to Varna through the Socar-controlled Georgian terminal of Kulevi. In April 2009, Bulgaria and Az...
Volume: 53Issue: 27Published at Mon, 05 Jul 2010 -
Technip Awarded West Delta Deep Marine Expansion Contract By Burullus
...sign, supply and installation of three production manifolds and three subsea distribution assemblies, the installation of 67km of rigid production flowlines and 88km of umbilicals, and their connection to wellheads and subsea manifolds, with work expected to begin in the second quarter of 2011. Burullus is...
Volume: 53Issue: 27Published at Mon, 05 Jul 2010 -
Cyprus Prepares For Second Bid Round In 1H11, As Gas Prospects Grip East Mediterranean
...d round for offshore exploration and development blocks sometime during the first or second quarters of 2011, Solon Kassinis, head of Cyprus’ Energy Department at the Ministry of Commerce, has told MEES. It had been expected that Nicosia would announce a bid round sometime during 2010 (MEES, 4 May 20...
Volume: 53Issue: 27Published at Mon, 05 Jul 2010 -
BP Aims For First Omani Tight Gas In September
...gas from the tests wells by the first quarter of 2011, ramping it up in phases to full scale production of 1bn cfd by 2013-14. However, BP decided that it was more economic to use an existing, smaller gas processing plant to keep within the $650mn it had budgeted for the appraisal stage of the pr...
Volume: 53Issue: 26Published at Mon, 28 Jun 2010 -
Oxy’s Oman EOR Project Costs Soar To $9Bn
...$9bn from the $2bn it said it would cost when it wrested Block 53 from Shell-led, state-controlled Petroleum Development Oman (PDO), Oman’s biggest producer, in 2005. Oxy’s original plan was to raise oil production to 150,000 b/d in 2011 from the 10,000 b/d the field was producing when the co...
Volume: 53Issue: 26Published at Mon, 28 Jun 2010 -
IEA Medium Term Forecast Sees Demand Growing By 1.2Mn B/D Annually To 2015
...0,000 b/d (1%), taking global demand to 90mn b/d by 2015, with the reattainment of 2007 demand levels deferred to 2011. The report said that in both cases non-OECD countries will drive global oil demand growth, while consumption will decline in the OECD. Under the base case, the report said, non-OECD oil demand is...
Volume: 53Issue: 26Published at Mon, 28 Jun 2010 -
CGES Says Crude Prices Rebound Reflects New Optimism Over US Economy
...10 2011 World Oil Demand 86.3 85.8 86.4 87.4 87.7 87.7 84.9 86.5 87.9 Non-OPEC Supply 51.8 51.5 51.3 52.1 51.8 51.8 51.1 51.7 51.7 OPEC NGLs 5.1 5.3 5....
Volume: 53Issue: 26Published at Mon, 28 Jun 2010