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SPR Releases Are Not A Good Pricing Policy Tool
...rengthening in economic recovery in the United States and other regions in the coming future quarters despite the current weakness. The false report on the US job market, which was released on Thursday 6 July 2011 before the official non-farm employment report released on the next day, contributed to the 2....
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
Statement Of The Oil And Energy Committee Of The Council Of Representatives On The Oil And Gas Contracts
...Middle East Economic Survey VOL. LIV No 29 18-Jul-2011 Statement Of The Oil And Energy Committee Of The Council Of Representatives On The Oil And Gas Contracts The Council of Representatives, Baghdad, Iraq, 2 July 2011. Translated by Iraq Energy Institute. The Ministry of Oil ha...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
Shell, Baghdad Poised For Gas Breakthrough
...,000 b/d Diwaniya refinery should be put in place, giving Iraq domestic refining capacity of 680,000 b/d, some 140,000 b/d higher than at the beginning of 2011 (MEES, 17 January)....
Volume: 54Issue: 28Published at Mon, 11 Jul 2011 -
OPEC, IEA Supply ‘Surge’ Fails To Subdue Oil Prices
...5,000 b/d, their highest level since June 2009 (MEES, 4 July) OPEC Crude Oil Production June 2010 – June 2011 (MEES Estimates – ‘000 B/D) 2011 2010 Target Jun May Apr Mar Feb Jan Dec No...
Volume: 54Issue: 28Published at Mon, 11 Jul 2011 -
Project Finance At The Crossroads
...ants are built, three are to start in 2011 and 131 are under construction. Coal‐to‐chemical production reached 24mn tons in 2010 with a gross value of $1.37 trillion, and production is expected to reach 106mn tons/year by 2020, he said. This is something that Saudi Arabia, with its cheap gas, did no...
Volume: 54Issue: 28Published at Mon, 11 Jul 2011 -
Saudi Crude Price Changes A Mixed Bag For August Deliveries
...10/B, Arab Extra Light by $0.50/B and Arab Super Light by $1.00/B. Arab Medium was marked up by $0.30/B and Arab Heavy by $0.75/B. On the spot market, Qatar Land crude sold at QP minus $0.60/B in late June compared to QP minus $0.55/B earlier in the month. The formulas for August 2011 and the pr...
Volume: 54Issue: 28Published at Mon, 11 Jul 2011 -
Crude Oil Formulas/Posted Prices
...Middle East Economic Survey VOL. LIV No 28 11-Jul-2011 Crude Oil Formulas/Posted Prices ($/B) Abu Dhabi ($/B) 2011 2010 Jun May Apr Mar Feb Jan Dec Nov Oc...
Volume: 54Issue: 28Published at Mon, 11 Jul 2011 -
Bahrain’s Banking Chief Denies Exit Of Foreign Banks
...e Bahrain News Agency on 1 July, the governor affirmed that major international banks, which are active in the kingdom or using Bahrain as a base for their regional operations, were carrying out their activities normally. He added that since the beginning of 2011, the CBB had licensed eight new ba...
Volume: 54Issue: 28Published at Mon, 11 Jul 2011 -
Egypt’s Higher Military Council Approves 2011-12 Budget
...Middle East Economic Survey VOL. LIV No 28 11-Jul-2011 EGYPT Egypt’s Higher Military Council Approves 2011-12 Budget The Higher Military Council (HMC) headed by Field Marshall Husain al-Tantawi on 30 June approved the 2011-12 draft budget after it was amended by the Egyptian ca...
Volume: 54Issue: 28Published at Mon, 11 Jul 2011 -
UAE Allocates $3Bn Aid Package To Egypt
...fferent projects in Egypt. The Egyptian Ministry of Finance has doubled the amounts of expected grants in 2011‐12 to E£9.974bn ($1.671bn) and said that these would be mainly used to finance investment projects geared towards development (MEES, 4 July). Qatar and Saudi Arabia have already agreed to pr...
Volume: 54Issue: 28Published at Mon, 11 Jul 2011 -
BSF Sees Saudi Economic Indicators Pointing To Continued Growth
...134bn ($35.7bn) during the first five months of the year to their highest ever level of SR1,802.5bn ($480.7bn) in May 2011. This, the report says, could likely be attributed to both “robust oil revenues and possibly a higher return on the Saudi Arabian Monetary Agency’s (SAMA’s) investments.” SAMA’s de...
Volume: 54Issue: 28Published at Mon, 11 Jul 2011 -
Yildiz Reappointed Energy Minister In New Turkish Cabinet
...riatic Pipeline (TAP) and the Interconnector-Turkey-Greece-Italy (ITGI) are vying for contracts to transport the gas. Construction of the pipelines depends on which companies are awarded the contacts by Azerbaijan, and that is not expected to take place until the end of 2011....
Volume: 54Issue: 28Published at Mon, 11 Jul 2011 -
Dubai’s Outstanding Debt Estimated At $31.4Bn Despite Positive Economic Trends
...tes and takes measures to strengthen its fiscal accounts,” it noted. The high level of Dubai GRE debt, estimated at $77bn, remains a risk as the government may be pushed into absorbing further liabilities. “With total Dubai Inc repayments exceeding $30bn in 2011-12, restructuring, refinancing and ne...
Volume: 54Issue: 28Published at Mon, 11 Jul 2011 -
Political Comment (11 July 2011)
...Middle East Economic Survey VOL. LIV No 28 11-Jul-2011 Political Comment (11 July 2011) In an extraordinary intervention, the US has sent its ambassador into the Syria city of Hama, where security forces have clashed violently with anti-regime protesters. In Lebanon Hizbollah ha...
Volume: 54Issue: 28Published at Mon, 11 Jul 2011 -
Kuwait’s SPC Wants 530,000 B/D Al-Zour Option, Parliament Starts Shell Probe
...stead of Dhahran. The front end engineering design (FEED) has already been completed on the Saudi side of the border. It will be completed on the Bahraini side by the end of 2011 – it was restarted due to the original route’s passing through private land. Bahrain also takes 150,000 b/d (50% of crude ou...
Volume: 54Issue: 27Published at Mon, 04 Jul 2011 -
Questions Raised Over Lebanon’s First Licensing Round
...arter of 2012,” Mr Basil announced. This is slightly delayed based on the schedule suggested last year, which anticipated Lebanon’s inaugural offshore exploration bid round being launched in October 2011 (MEES, 29 November 2010). “It might look like a complicated, lengthy and time consuming procedure fo...
Volume: 54Issue: 27Published at Mon, 04 Jul 2011 -
ADNOC’s New Chief To Focus On UAE Fuel Crises
...power, Abu Dhabi Water and Electricity Company. Abu Dhabi also supplies electricity and sometimes gas to the northern emirates, whose demand is expected to rise from 1.92gw in 2011 to 3.37gw in 2015. The northern emirates have faced power and gas shortages in previous summers, and in June ex...
Volume: 54Issue: 27Published at Mon, 04 Jul 2011 -
Kramer: South Stream Promises Stable And Predictable Gas Transit
...tensifying dialogue between the stakeholders, so I could say that I am very optimistic that a shareholders’ agreement for the offshore can be completed in 2011. Q: Are there any more companies that have so far expressed interest in joining South Stream? A: When you try to finalize your first joint ve...
Volume: 54Issue: 27Published at Mon, 04 Jul 2011 -
Growing Interest In Levant Offshore Prospects
...ock 12. Lawson Freeman, senior vice president of Noble Energy’s International Division, told the Levant Energy Forum 2011 in Nicosia on 23 June that Noble intends to start drilling a natural gas prospect on the Block 12 during the fourth quarter of this year and that it would take about two months to...
Volume: 54Issue: 27Published at Mon, 04 Jul 2011 -
Japanese Crude Oil Imports Fall To 3.078Mn B/D In May
...Middle East Economic Survey VOL. LIV No 27 4-Jul-2011 Japanese Crude Oil Imports Fall To 3.078Mn B/D In May Japanese crude oil imports averaged 3.078mn b/d in May 2011, down by 13.7% from 3.567mn b/d in April, according to monthly import data released by Japan’s Ministry of Ec...
Volume: 54Issue: 27Published at Mon, 04 Jul 2011