- Sort by:
- Score
- Published ▼
-
Israel Corporation Signs Gas Deal With EMG, Tamar Project Stalled Over Tax Proposal
...emicals, OPC Rotem, IC Power, Dead Sea Works and Oil Refineries Limited. The agreements also contain options to increase supplies to 2.9 bcm/year. The options must be exercised by 31 March 2011, except for one that extends the option to 31 December 2011. The total value of the contract is estimated at $5-...
Volume: 53Issue: 51Published at Mon, 20 Dec 2010 -
Adira Energy Begins Search For Israeli Onshore Shale Gas, Starts Offshore 3D Seismic Survey
...sed Adira Energy on 14 December announced that it has started drilling and workover operations on its onshore Eitan unconventional gas license in the Hula Valley in northern Israel. The company will perform three workovers that it expects to complete in January 2011. It will then commence drilling an...
Volume: 53Issue: 51Published at Mon, 20 Dec 2010 -
Lebanese Energy Ministry Opens Data Room
...ospects to discover gas in the Lebanese offshore. Last month the minister said that Lebanon expects to launch its first round of offshore licensing bids in October 2011. The ministry held a first workshop on procedures for the implementation of the oil and gas law and plans a second workshop in February 2011...
Volume: 53Issue: 51Published at Mon, 20 Dec 2010 -
Syrian Government Debut Treasury Bills Twice Oversubscribed
...anche consisted of 91-day TBs for S£1bn ($21.5mn), dated 16 December with maturity on 17 March 2011, and 1% “indicative” interest. The issue, which was 2.8 times oversubscribed, went to four state banks out of a total of 11 local banks taking part in the auction and the offered interest rates ranged be...
Volume: 53Issue: 51Published at Mon, 20 Dec 2010 -
TAQA Secures $3Bn Revolving Credit Facility
...s on the five year facility. The loan refinances a facility expiring in 2011. In May this year TAQA refinanced a C$1.325bn ($1.26bn) revolving credit facility for its wholly owned TAQA North subsidiary (MEES, 31 May). S&P Rates TAQA Again, Assigns A Standard & Poor’s Ratings Services an...
Volume: 53Issue: 51Published at Mon, 20 Dec 2010 -
Yemeni Cabinet Approves 2011 Draft Budget Aimed At Reducing Deficit
...Middle East Economic Survey VOL. LIII No 51 20-Dec-2010 yemen Yemeni Cabinet Approves 2011 Draft Budget Aimed At Reducing Deficit Yemen’s cabinet has approved a draft state budget for fi...
Volume: 53Issue: 51Published at Mon, 20 Dec 2010 -
OPEC Communiqué: 158th (Extraordinary) OPEC Meeting Concludes
...State and Government held in the Kingdom of Saudi Arabia in November 2007. Having reviewed the oil market outlook, including the overall demand/supply projections for the year 2011, the conference observed that the increase in the annual average oil demand in 2011 is likely to be lower than in...
Volume: 53Issue: 51Published at Mon, 20 Dec 2010 -
Zubair And Rumaila Lead Iraqi Capacity Charge
...esentation given to contractors in Istanbul. Worley Parsons and the UK’s AMEC are the favorites to win this contract, a source from a rival engineering firm tells MEES. BP is targeting over 50 wells to be drilled in Rumaila next year. The project’s 2011 work program involves “delineating the main re...
Volume: 53Issue: 50Published at Mon, 13 Dec 2010 -
Saudi Arabian Project Financing Activity To Step Up In 2011
...Middle East Economic Survey VOL. LIII No 50 13-Dec-2010 SAUDI ARABIA Saudi Arabian Project Financing Activity To Step Up In 2011 Projects are expected to secure funds, as domestic banks st...
Volume: 53Issue: 50Published at Mon, 13 Dec 2010 -
Syria’s 2011 Draft Budget Targets Lower Deficit
...Middle East Economic Survey VOL. LIII No 50 13-Dec-2010 SYRIA Syria’s 2011 Draft Budget Targets Lower Deficit Syria’s draft budget for 2011 projects a 5.3% reduction in the budget deficit to S£167bn ($3.59bn) from S£176.4bn ($3.79bn) in 2010, with a 15.7% rise in re...
Volume: 53Issue: 50Published at Mon, 13 Dec 2010 -
Qatar Delays Barzan Project Due To Domestic Gas Supply Surplus
...mes on stream. Qatar is running a 10% surplus of gas production over demand, although this will drop next year as new power capacity comes on stream, raising domestic consumption to 3bn cfd, MEES learns. Power generation capacity will rise from 7.6gw to 8.8gw in 2011. In the same time as...
Volume: 53Issue: 50Published at Mon, 13 Dec 2010 -
WTI Remains Rangebound In High $80s/B
...mand upward by 130,000 b/d to 87.4mn b/d and by 260,000 b/d to 88.8mn b/d for 2011. It reported OPEC’s November crude oil production as averaging 29.2mn b/d and projected that the ‘call on OPEC crude and stock change’ for 2011 would average 29.5mn b/d, based on higher demand projections. In its We...
Volume: 53Issue: 50Published at Mon, 13 Dec 2010 -
EIA Says Tightening Supply Lends Support To Firming Oil Prices
...partment of Energy has increased slightly its global crude oil demand forecast for 2010 and 2011 in its latest Short-Term Energy Outlook, released on 7 December. The Outlook lifted global demand estimates for this year and next by 20,000 b/d and 10,000 b/d respectively over last month’s figures to fo...
Volume: 53Issue: 50Published at Mon, 13 Dec 2010 -
Saudi Crude Prices For January Mainly Raised
...im, with UAE crude selling mid-month November in the ADNOC plus $0.50-70/B range. The formulas for January 2011 and the previous 12 months for deliveries to the US, Europe and the Far East – on an FOB Saudi Arabia basis, 50 days after B/L for the US, 40 days after B/L for NW Europe, and B/L da...
Volume: 53Issue: 50Published at Mon, 13 Dec 2010 -
Crude Oil Formulas/Posted Prices
....80 71.20 72.85 75.75 82.65 76.25 72.55 76.05 74.75 77.20 Iran (+ / - Adjustment Factor; $/B) 2011 20...
Volume: 53Issue: 50Published at Mon, 13 Dec 2010 -
S&P Affirms Bahrain Sovereign Ratings
...unterbalance to the high geopolitical risks – relative to many other rated sovereigns – and the Bahraini economy’s vulnerability to external shocks. With oil revenues having been budgeted on the basis of an oil price of $80/B for both 2011 and 2012, S&P reported that it had estimated the general government de...
Volume: 53Issue: 50Published at Mon, 13 Dec 2010 -
Russia And Ukraine Amend 2009 Supply/Transit Agreement to Guarantee Exports Increase
...2011. The second and more important agreement consolidates the Russian-Ukrainian rapprochement that followed the election of Mr Yanukovych in February and the conclusion of the Gas for Naval Bases agreement signed in April, which extends the right of stay of the Russian Black Sea Fleet in the Cr...
Volume: 53Issue: 50Published at Mon, 13 Dec 2010 -
Kazakhstan Agrees On ONGC Participation In Satpayev Exploration
...ake by February 2011.” A heads of agreement (HOA) was signed in January 2009, but MEES understands that the Kazakh authorities were alarmed by the decision of ONCG’s partner Mittal to withdraw from the original deal in November 2009, despite the fact that ONGC Videsh Ltd (OVL), the international ar...
Volume: 53Issue: 50Published at Mon, 13 Dec 2010 -
Azeri Gas Supply To Syria Expected End-2011 Under Updated Agreement
...ess Agency on 6 December that Syria expects to receive approximately 3.5 mn cmd from Azerbaijan by the end of 2011, under an updated agreement signed in Baku between Syrian oil officials and Socar representatives on 23 November. Mr Zainab noted that the construction of the 62km Syrian branch of a ga...
Volume: 53Issue: 50Published at Mon, 13 Dec 2010 -
Noble Energy Could Expedite Offshore Drilling Program, Says Cyprus Energy Official
...ergy, which holds the only production sharing contract (PSC) with the Cyprus government, is required in accordance with the PSC to drill one well in Block 12 between October 2011 and October 2013 (MEES, 8 November). However, Mr Kassinis said Noble may decide to move ahead with its schedule in Cyprus on...
Volume: 53Issue: 50Published at Mon, 13 Dec 2010