1. US Senate Passes Further Sanctions Against Iran

    ...nopec is developing two catalytic crackers at the Hormuz and Abadan refineries, which are both scheduled for completion in 2011. On 2 February US Director for National Intelligence Denis Blair told the Senate Select Committee on Intelligence that “Iran has made contingency plans for dealing with future ad...

    Volume: 53
    Issue: 06
    Published at Mon, 08 Feb 2010
  2. World Bank Expects MENA Economies To Show 4.4% Growth By 2011

    ...Middle East Economic Survey VOL. LIII No 6    8-Feb-2010 REGIONAL World Bank Expects MENA Economies To Show 4.4% Growth By 2011 The economies of the Middle East and North Africa are ex...

    Volume: 53
    Issue: 06
    Published at Mon, 08 Feb 2010
  3. GE Secures $200mn Turbines Contract For GASCO’s Habshan 5 Gas Plant

    ...2011. Habshan 5 will have four gas processing trains, with a total capacity of 2bn cfd of gas. “Habshan 5 is an important part of GASCO’s plan to increase overall gas processing capacity to meet growing natural gas demand,” said Senior Vice-President of GASCO’s Major Projects group 'Abd al-'Aziz al...

    Volume: 53
    Issue: 06
    Published at Mon, 08 Feb 2010
  4. Political Comment (8 February 2010)

    ...to a confrontation between Mr Maliki and his Shi'a allies in the Iraqi National Alliance  (formerly the United Iraqi Alliance)  and their Sunni and secular opponents that could threaten the legitimacy of the elections, and with it American plans to withdraw from Iraq by the end of 2011. Ah...

    Volume: 53
    Issue: 06
    Published at Mon, 08 Feb 2010
  5. A Tentative Forecast For Iraq’s Oil Production 2010-20

    ...enario is indicative: Iraqi Oil Production (Mn B\D) 2010 2011 2012 2013 2014 2015 2016 2.7 3.0 3.5 4.0 4.5 5.5 7.8 These figures are based on achieving the plateaus in the giant fields in the first licensing round as we...

    Volume: 53
    Issue: 06
    Published at Mon, 08 Feb 2010
  6. North Africa’s Largest Project Financing Eyes Finishing Line

    ...TK) contract and is scheduled for completion in 2014 (MEES, 24 August 2009). It was originally due on stream in 2011 at a cost of $2.25bn (MEES, 26 January 2009, 30 June 2008)....

    Volume: 53
    Issue: 05
    Published at Mon, 01 Feb 2010
  7. Gazprom To Buy 2 BCM Of Azerbaijani Gas In 2011

    ...Middle East Economic Survey VOL. LIII No 5    1-Feb-2010 CASPIAN Gazprom To Buy 2 BCM Of Azerbaijani Gas In 2011 Russian state gas monopoly Gazprom on 21 January announced that it will purchase 2 bcm of natural gas from Azerbaijan during 2011, twice th...

    Volume: 53
    Issue: 05
    Published at Mon, 01 Feb 2010
  8. NIOC Executive Warns Of Skills Shortage In Iranian Oil Industry

    ...more than 500,000 b/d over the next five years. Mr Zyghami said ICOFC was working to bring two oil fields and two gas fields on stream by the end of the next Iranian year (21 March 2010 – 20 March 2011), with combined production capacity of 45,000 b/d of oil and 15mn cmd of gas....

    Volume: 53
    Issue: 05
    Published at Mon, 01 Feb 2010
  9. NIGC To Start Storing Gas In April

    ...pacity of 540mn cu ms and is scheduled for completion in 2011. Sofregaz, a subsidiary of Gaz de France, won the original tender to develop the facility in 2002 but left the project in 2007 (MEES, 15 June 2009)....

    Volume: 53
    Issue: 05
    Published at Mon, 01 Feb 2010
  10. IMF Revises Upward Its Forecasts For Economic Growth

    ...andards, whereas in many emerging and developing economies, activity is expected to be relatively vigorous, largely driven by buoyant internal demand. The IMF expects Middle Eastern economies to grow by 4.5% in 2010 and 4.8% in 2011, a slight increase from October 2009 projections. The rebound of co...

    Volume: 53
    Issue: 05
    Published at Mon, 01 Feb 2010
  11. Saudi Aramco Takes Central Role Downstream

    ...oject, which will cost around $25bn and comprise 34-35 units (and being advised by RBS and Riyad Bank) could seek funding at the end of 2010, but some see 2011 as more likely. It is unclear at this stage how the financing for PETRORabigh II, which is expected to cost around $10bn, will be slotted in...

    Volume: 53
    Issue: 04
    Published at Mon, 25 Jan 2010
  12. South Stream Technical Study Completion Expected In September-October

    ...nister, told Ria Novosti on 16 January that all technical work necessary to finalize the routing of the South Stream gas pipeline project would be completed by all the states involved by September-October this year, so that the construction work on the pipeline would begin in November 2010 or January 2011...

    Volume: 53
    Issue: 04
    Published at Mon, 25 Jan 2010
  13. Higher Commodities Prices Drive Qatari Economic Growth, Says Emirates NBD

    ...rengthening external demand should also lead to a recovery in the non-energy sector. Growth of Qatar’s non-hydrocarbon sector is expected to accelerate to 5% of GDP in 2010, from an estimated 2% in 2009. GDP growth should stay strong in 2011 as well, at 12.5%. Accordingly the country’s oil and gas earnings ar...

    Volume: 53
    Issue: 04
    Published at Mon, 25 Jan 2010
  14. Critical Year Ahead For Sudan, Chatham House Warns

    ...civil strife, voters in Southern Sudan will in January 2011 take a decision with far-reaching consequences for the peace and development of the whole country, Chatham House (UK’s Royal Institute of International Affairs) warned last week. In the report Decisions and Deadlines – A Critical Year fo...

    Volume: 53
    Issue: 04
    Published at Mon, 25 Jan 2010
  15. Abu Dhabi Lifeline To Dubai Shrinks

    ...kheel, which developed Dubai’s palm-shaped islands, said that it had made the $10.3mn coupon payment on a $750mn bond due in 2011. Another state-run company, Borse Dubai, also said last week it would exercise an option to extend a $2.5bn one-year loan to February 2011. Creditors are still awaiting a st...

    Volume: 53
    Issue: 04
    Published at Mon, 25 Jan 2010
  16. Dubai Maintains Fiscal Budget Stimulus Despite Debt Woes

    ...in a better financial position in 2011 because most of its commitments on infrastructure projects would have been met. The statement also provided details of allocations to the following major sectors in 2010: Dh17.45bn ($4,751mn), or 49% of the total budget for the economic sector, in...

    Volume: 53
    Issue: 03
    Published at Mon, 18 Jan 2010
  17. Qatar Eyes LNG ‘Mega-Train’ Finishing Line

    ...mpleted and commissioned by June of this year and Train 7 hopefully by September.” The mega-trains require up to a couple of months to go up to full capacity. There are concerns full production at Train 7 might slip into 2011 (MEES, 30 November, 2009). But “a delay of a month or two is not a big de...

    Volume: 53
    Issue: 03
    Published at Mon, 18 Jan 2010
  18. EIA Sees Tightening Of World Oil Market In 2010-11

    ...untries themselves should “begin to show significant oil demand growth in 2011 in response to improving economic conditions.” It said economic growth in the OECD was projected to double from 1.2% in 2010 to 2.7% in 2011. It added that while compliance with oil production cuts by OPEC members has we...

    Volume: 53
    Issue: 03
    Published at Mon, 18 Jan 2010
  19. Turkmenistan Awards Contracts For South Yolotan Gasfield, But Output Questions Remain

    ...ount to 6 bcm/y and that by December 2010 it plans for as much as 15 bcm/y to be moving through the pipeline. By December 2011, CNPC plans for annual shipments to reach 30 bcm and during 2013-14, the full contract volume of 40 bcm/y is scheduled to be met. Meanwhile, in the course of this, Ka...

    Volume: 53
    Issue: 03
    Published at Mon, 18 Jan 2010
  20. Iran’s Inflation Falls Further To 13.5% In December

    ...nual payments as per the table below:   Year Debt Repayment ($Bn) 1388 (2009-10) 8.201 1389 (2010-11) 3.788 1390 (2011-12) 2.206 1391 (2012-13) 1.913 1392 (2013-14) onwards 5.467   ...

    Volume: 53
    Issue: 03
    Published at Mon, 18 Jan 2010