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Saudi Economy Will Grow By 3.9% In 2010, According To Banque Saudi Fransi
...2009 to SR203.74bn ($54.3bn). According to BSF forecasts, claims on the private sector by Saudi banks should rise 8% in 2010, from 2.1% in 2009. A fuller credit recovery is expected to unfold in 2011 as private sector appetite becomes more robust. Private sector claims next year are likely to ri...
Volume: 53Issue: 03Published at Mon, 18 Jan 2010 -
Iraq’s TSC And PSC Agreements – A Good Deal For Iraq?
...an planned to be operating in 2011. Facilities, pipelines, storage and ports are not yet developed to serve the huge planned oil production. I agree they are not the major issue, which is that the call on Iraq’s crude oil is likely to require much more modest production than the mooted development pl...
Volume: 53Issue: 03Published at Mon, 18 Jan 2010 -
Barclays Capital Sees 2010 As ‘Bridging Year’ For Oil Market
...cording to the 30 December Weekly Oil Data Review. The year will be a transition between the demand-side weakness of 2009 and the return to supply-side tightness in 2011, it said. “We expect it to be a year in which none of the key fundamentals will be dominant enough to cast all other factors aside,” Pa...
Volume: 53Issue: 02Published at Mon, 11 Jan 2010 -
ABB Wins Substation Contract For First Saudi IPP
...0km north of Jiddah, and which will be developed on a build-own-operate (BOO) basis. The plant is expected to be completed by 2011, and will supply electricity to Saudi Electric Company (SEC) to meet the region’s growing industrial and residential power demands....
Volume: 53Issue: 02Published at Mon, 11 Jan 2010 -
Shahristani Pledges ‘Acceptable’ Expansion After Fawqa Well Standoff
...en 2011 is going to increase sufficiently to disrupt the balance in the supply and demand in the world market,” Dr Shahristani said. “As for the impact on OPEC, of course we have to discuss this important issue once there is the capacity in Iraq in the coming few years and agree on criteria that are ac...
Volume: 53Issue: 01Published at Mon, 04 Jan 2010 -
Bids Submitted For Barqa 3 And Sohar 2 IPPs
...y of water. In November Singapore’s Sembcorp and Oman Investment Corporation signed a 15-year deal to supply Oman with power and water from the Salalah project. It will produce 400-430mw and 15mn gallons/day, reaching commercial operation in 2011. Project financing is being provided in a dollar tr...
Volume: 53Issue: 01Published at Mon, 04 Jan 2010 -
Oman Seeks Letters Of Interest For Duqm IWPP
...the largest and most important projects in the country and is of strategic importance to meet the Sultanate’s fast growing electricity and water demand,” said OPWP in a statement. The successful bidder will be awarded the contract in August 2011. The IWPP is one of five projects currently un...
Volume: 53Issue: 01Published at Mon, 04 Jan 2010 -
Increasing Gas Production And Export Bolster Qatar’s High Growth Rate
...sing production of LNG and associated natural gas liquids (NGL), says Samba in its latest report on the emirate’s economic outlook. Growth rate is projected to accelerate to 18% and 13% in 2010 and 2011 respectively as new LNG trains come on stream and the government’s robust counter-cyclical fi...
Volume: 53Issue: 01Published at Mon, 04 Jan 2010