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Jordan Freezes Some Petroleum Product Prices Until End-March
...ices. Mr Malaqi added that the government has instructed the Ministry of Finance to allocate a sum of around JD30mn ($42.3mn) to cover the subsidies in March. Product Prices Effective 4 March 2011 (Fils/Liter, Unless Otherwise Stated) 2011 20...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
Moody’s Sees ‘Moderate Pressure’ On GCC Corporates In 2011
...Middle East Economic Survey VOL. LIV No 11 14-Mar-2011 REGIONAL Moody’s Sees ‘Moderate Pressure’ On GCC Corporates In 2011 The downward ratings trend among GCC corporates in 2009-10 has abated, but moderate pressure is likely to continue in 2011, said Moody’s Investors Se...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
UAE Economic Recovery Gaining Momentum, IMF Says
...e IMF said at the conclusion of its mission to conduct discussions for Article IV consultation. Whereas overall growth in the world’s third largest oil exporter is projected to remain unchanged at 3.25% in 2011, non-oil GDP is forecast to grow from the 2% seen in 2010 to 3.25% this year, re...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
UAE Growth Rate Expected At 3.3% In 2011, Says Samba
...Middle East Economic Survey VOL. LIV No 11 14-Mar-2011 UAE UAE Growth Rate Expected At 3.3% In 2011, Says Samba The UAE economy underwent a modest recovery in 2010 with overall GDP growth estimated at 1.5%, and growth is expected to pick up to 3.3% this year, according to Sa...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
Political Comment (14 March 2011)
...Middle East Economic Survey VOL. LIV No 11 14-Mar-2011 Political Comment (14 March 2011) France has chosen to recognize the Libyan insurgents just as the tide of battle may be turning against them. Yemeni President 'Ali 'Abd Allah Salih continues to insist on serving his full te...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
Fiscal Break-Even Prices: What More Could They Tell Us About OPEC Policy Behavior?
...ICORP). It is published concurrently in APICORP’s Economic Commentary dated March 2011. The views expressed are those of the author only. Comments and feedback may be sent to: aaissaoui@apicorp-arabia.com. As markets currently operate, oil producers’ fiscal policies are unarguably not a key de...
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
Mitschek: Nabucco Project’s Key Aim Is Supply Security
...ace in Baku to intensify the dialogue for the conclusion of gas supply contracts. These are expected to be finalized in the course of 2011. Q: Would the 10 bcm/y of Shah Deniz Phase 2 gas suffice to make a 31 bcm/y project financially viable? A: The 10 bcm/y from Shah Deniz 2 would be a start fo...
Volume: 54Issue: 10Published at Mon, 07 Mar 2011 -
Japanese Crude Oil Imports Down Slightly During January 2011
...Middle East Economic Survey VOL. LIV No 10 7-Mar-2011 Japanese Crude Oil Imports Down Slightly During January 2011 Japanese crude oil imports averaged 4.015mn b/d in January 2011, down by 1.85 from 4.091mn b/d in December 2010, according to monthly import data released by Japan’s Mi...
Volume: 54Issue: 10Published at Mon, 07 Mar 2011 -
Saudi Aramco Leaves Propane Price Unchanged For March, Butane Up By $50/Ton
...Change Propane Butane Change Propane Butane Change Propane Butane 2009 1 Jan 380.00 380.00 2010 1 Jan 740.00 735.00 2011 1 Jan 93...
Volume: 54Issue: 10Published at Mon, 07 Mar 2011 -
Crude Oil Formulas/Posted Prices
...Middle East Economic Survey VOL. LIV No 10 7-Mar-2011 Crude Oil Formulas/Posted Prices ($/B) Abu Dhabi ($/B) 2011 2010 Feb Jan Dec Nov Oct Sep Aug Jul Ju...
Volume: 54Issue: 10Published at Mon, 07 Mar 2011 -
Nazarbayev To Offer KMG EP Shares To Kazakh Nationals
...d serve as an instrument for investment and savings.” On 11 February Mr Nazarbayev told his government to prepare IPOs offerings by the end of 2011 not only for KMG – 5% of equity in its exploration and production subsidiary KMG EP is to be floated on the Astana Stock Exchange in 2011, and is ex...
Volume: 54Issue: 10Published at Mon, 07 Mar 2011 -
Turkmenistan And China Sign Preliminary Deal For Expansion Of Gas Exports
...eld. The agreement will be finalized within the second half of this year, according to China’s National Development and Reform Commission. China imported around 6 bcm of Turkmen gas via the Central Asian pipeline in 2010 and is looking to boost imports to 15 bcm in 2011 and 20 bcm in 2012....
Volume: 54Issue: 10Published at Mon, 07 Mar 2011 -
Cyprus Ratifies Delimitation Agreement With Israel
...pected to begin before the end of 2011 in Cyprus’s Block 12, which lies near the recent Leviathan discovery made in Israel’s EEZ by Houston-based Noble Energy (MEES, 21 February)....
Volume: 54Issue: 10Published at Mon, 07 Mar 2011 -
Iraqi Parliament Approves Record 2011 Budget Based On $76.50/B Oil Price
...Middle East Economic Survey VOL. LIV No 10 7-Mar-2011 IRAQ Iraqi Parliament Approves Record 2011 Budget Based On $76.50/B Oil Price The Iraqi parliament on 20 February gave the final green light to the 2011 draft budget after several unsuccessful attempts that necessitated the re...
Volume: 54Issue: 10Published at Mon, 07 Mar 2011 -
Transparency Improving, But Bolder Anti-Corruption Actions Still Needed, Says TI
...ould take bolder actions to stop corruption, according to the 2011 Report on Oil and Gas Companies by Transparency International (TI) and Revenue Watch Institute (RWI). “It is good news that transparency is improving, but too few companies publish what they pay governments in each country where th...
Volume: 54Issue: 10Published at Mon, 07 Mar 2011 -
Saudi Economic Fundamentals Positive Despite Regional Turmoil, Says Samba
...mestic financial markets, said Samba in its February 2011 Economic Monitor. Preliminary figures released by the Ministry of Finance show that the Saudi economy grew by 3.8% in real terms in 2010, up from 0.6% in 2009. The government sector grew by 5.9%, while the private sector expanded by 3.7%. “The ye...
Volume: 54Issue: 10Published at Mon, 07 Mar 2011 -
Political Comment (28 February 2011)
...Middle East Economic Survey VOL. LIV No 9 28-Feb-2011 Political Comment (28 February 2011) The internet intifada has reached Libya, where by the end of the week Col Qadhafi was defiantly fighting a rearguard action against a violent uprising. The Americans have taken the lead in tr...
Volume: 54Issue: 10Published at Mon, 07 Mar 2011 -
MENA Turmoil Continues To Batter Financial Markets
...t. After unrest in Tunisia, but prior to the Bahrain protests, King Hamad bin Isa Al Khalifa had already instructed the government to disburse BD1,000 ($2,600) to each of Bahrain’s 136,000 households, and increased social spending in excess of its 2011 budget allocation. Moody’s also placed Ba...
Volume: 54Issue: 09Published at Mon, 28 Feb 2011 -
Iran Announces Expansionary 2011-12 Budget With Oil Price Of $80/B
...Middle East Economic Survey VOL. LIV No 9 28-Feb-2011 Iran Announces Expansionary 2011-12 Budget With Oil Price Of $80/B Iranian President Mahmoud Ahmadinejad on 20 February presented to the Majlis (parliament) an expansionary draft budget for the Iranian year 1390 (starting on 21...
Volume: 54Issue: 09Published at Mon, 28 Feb 2011 -
Doubts Gather Over Gulf Petrochemical Plans
...mand for ethane-based feedstock will come from QAPCO’s 700,000 t/y low density polyethylene (LDPE) plant, due to start up at the end of 2011. By 2015 Qatar expects to have on stream two new major sources of ethane. Shell’s $18-19bn, 140,000 b/d capacity Pearl gas-to-liquids (GTL) plant will al...
Volume: 54Issue: 09Published at Mon, 28 Feb 2011