- Sort by:
- Score
- Published ▼
-
Kazakh Energy Strategy Calls For 12% Increase In Gas Production
...t increase of 12% in Kazakh gas production in 2011 compared to 2010. According to the plan Kazakh gas production in 2011 is intended to rise to 42bcm from 37.4 bcm in 2010, whereas exports are projected to remain stable at 9.2 bcm in 2011compared to 9.1 bcm last year and 7 bcm in 2009. All Ka...
Volume: 54Issue: 12Published at Mon, 21 Mar 2011 -
Socar Aims To Sign Shah Deniz 2 Transit Agreement By End-2011
...working on the details of the purchase and transit agreement for Shah Deniz Phase 2 gas volumes that will be sold to Botas for transit via the Turkish gas grid to Europe. Mr Abdullayev said that the contracts will be signed by the end of 2011. This would be after the tender for allocations of Sh...
Volume: 54Issue: 12Published at Mon, 21 Mar 2011 -
Iran Raises VAT Rate To 4% In New Year
...ganization for VAT Mohammad-Qasim Panahi has said. The official noted that in accordance with the five-year development plan 2011-2015 the rate will rise by 1% every year so as to reach 8% by the end of the plan. He added that at the current VAT rate of 3% the revenue collected is split equally between to...
Volume: 54Issue: 12Published at Mon, 21 Mar 2011 -
NIORDC Outlines Plan For Gasoline Exports
...thority to export up to 1bn liters of gasoline, fuel oil and other petroleum products in the next Iranian year (21 March 2011 – 20 March 2012). He said that a combination of a decrease in domestic gasoline demand to 52-53mn liters/day and expanding production capacity would create a steady surplus ex...
Volume: 54Issue: 12Published at Mon, 21 Mar 2011 -
Kuwaiti Inflation Expected To Reach 5-6% In 2011
...Middle East Economic Survey VOL. LIV No 12 21-Mar-2011 KUWAIT Kuwaiti Inflation Expected To Reach 5-6% In 2011 The head of the Central Bank of Kuwait (CBK) said on 12 March that the country is expected to post inflation figures of 5-6% this year, while interest rates remain at...
Volume: 54Issue: 12Published at Mon, 21 Mar 2011 -
IMF Praises Qatar’s Post-Crisis Economic Performance
....4%, low non-performing loans ratio of 1.9%, and a comfortable provisioning coverage of 85% at the end of August 2010.” The report suggested also that continued government investment would be necessary to keep growth high beyond 2011 as the “self-imposed moratorium on increasing gas production af...
Volume: 54Issue: 12Published at Mon, 21 Mar 2011 -
Mirkazemi Says Iranian Gas Deliveries To Syria Could Start End-2011
...peline to the Syrian border by the end of 2011. This would then allow for the start of the delivery of Iranian gas to Syria, which currently produces 27.5mn cmd and imports 1.86mn cmd of Egyptian gas (prior to the interruption of gas supplies via AGP on 5 February). Syria needs an additional 20-40mn cm...
Volume: 54Issue: 12Published at Mon, 21 Mar 2011 -
Syrian Companies Issue Tenders For Pipeline Projects
...rries heavy crude oil from northeastern fields in the country to the Tartous Port terminal. The work covers the replacement of some sections of the main pipeline and the eighth loop. The deadline for the first tender is 29 May 2011 and for the second 22 May 2011....
Volume: 54Issue: 12Published at Mon, 21 Mar 2011 -
Political Comment (21 March 2011)
...Middle East Economic Survey VOL. LIV No 12 21-Mar-2011 POLITICAL COMMENT Political Comment (21 March 2011) After some equivocation, the UN Security Council has approved the imposition of a no-fly zone over Libya. Bahrain has abandoned dialogue with the opposition and opted in...
Volume: 54Issue: 12Published at Mon, 21 Mar 2011 -
Towards A New Egyptian Oil Policy After 25 January 2011
...Middle East Economic Survey VOL. LIV No 12 21-Mar-2011 EGYPT Towards A New Egyptian Oil Policy After 25 January 2011 By Hussein Abdallah Dr Abdallah is an energy consultant based in Cairo, Egypt. What shouldthe new oil minister do after the 25 January revolution? Nothing mo...
Volume: 54Issue: 12Published at Mon, 21 Mar 2011 -
New Egyptian Cabinet Struggles To Stabilize Economy
...serves, also preventing fluctuations in Egypt’s net international reserve balance,” he added. The CBE January 2011 Monthly Statistical Bulletin says that this account totaled $9.0376bn in November last year, the latest month for which figures are available, which was down from October’s $9.8579bn. Fo...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
OPEC Supply Surge Fails To Dampen Prices
...r instance at OPEC’s Isfahan meeting in March 2005 and in the quelling of the 2008 price surge with the Jiddah energy summit (MEES, 16 June 2008), Saudi Arabia has steam-rollered objections from fellow members to bring down prices. OPEC Crude Oil Production February 2010 - February 2011 (ME...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
EIA Says MENA Unrest Will Further Tighten Oil Market
...30 years, the Outlook said, adding that this growth more than offset the reductions in demand during the prior two years and surpassed 2007 demand of 86.3mn b/d. The EIA forecast that demand would grow by 1.5mn b/d in 2011 and by 1.7mn b/d in 2012. It said non-OECD countries would make up al...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
China’s Crude Oil Imports Down 8.5% In February
...Middle East Economic Survey VOL. LIV No 11 14-Mar-2011 China’s Crude Oil Imports Down 8.5% In February China’s crude oil imports totaled 19.95mn tons (5.2mn b/d) during February 2011, according to data released by China’s General Administration for Customs. The February volume is...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
Saudi Crude Oil Prices Increased To Asia And Europe, Lowered For US
...us $0.30-0.45/B in early March, compared to ADNOC minus $0.10-0.15/B in mid-February. The formulas for April 2011 and the previous 12 months for deliveries to the US, Europe and the Far East – on an FOB Saudi Arabia basis, 50 days after B/L for the US, 40 days after B/L for NW Europe, and B/L da...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
Crude Oil Formulas/Posted Prices
...Middle East Economic Survey VOL. LIV No 11 14-Mar-2011 Crude Oil Formulas/Posted Prices ($/B) Iran (+ / - Adjustment Factor; $/B) 2011 2010 Apr Mar Feb Jan Dec Nov Oct Se...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
CBB Treasury Bills Oversubscribed Despite Bahraini Unrest
...rrying a maturity of 182 days, this quarter’s BD50mn ($133mn) issue carrying a maturity of 12 months and last week’s BD25mn ($66mn) issue carrying a maturity of 91 days – were oversubscribed by 250%, 211% and 282% respectively. The issue date of the monthly bills is 13 March 2011 and the maturity date is...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
Turkmen Energy Minister Predicts Hike In Gas Reserves
...Middle East Economic Survey VOL. LIV No 11 14-Mar-2011 CASPIAN Turkmen Energy Minister Predicts Hike In Gas Reserves Turkmenistan’s oil and gas minister Bayramgeldi Nedirov told delegates at the 2011 Turkmenistan oil and gas road show in Singapore on 4 March that the co...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
Iran Announces Plan To Issue Islamic Bonds
...e government is set to issue sukuk in the coming Iranian year (21 March 2011 – 20 March 2012) for the National Iranian Oil Refining and Distribution Company (NIORDC), the National Iranian Gas Company (NIGC), the National Iranian Oil Company (NIOC) and the National Petrochemical Company (NPC). In...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
Iran’s Inflation Rate Rises To 11.6% In February
...e reduction in subsidies of IR200 trillion ($19bn), rising to IR600 trillion ($58bn) in 2011-12. According to the draft budget bill for 2011-12, 50% of the increased revenue will be paid back in the form of cash handouts to people, 30% will go to the manufacturing industry and 20% will be kept by...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011