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Oman Allocates $2.6Bn In Social Spending To Quell Unrest
...Middle East Economic Survey VOL. LIV No 17 25-Apr-2011 oman Oman Allocates $2.6Bn In Social Spending To Quell Unrest The Omani government on 17 April unveiled revised numbers in its 2011 state budget to incorporate the promised social expenditure of an additional OR1mn ($2.6bn) in...
Volume: 54Issue: 17Published at Mon, 25 Apr 2011 -
Cyprus Warns Investors Against TPAO East Mediterranean Block Offer
...fshore blocks and has awarded an exploration license to Noble Energy of Houston for Block 12, which lies along the maritime delimitation line with Israel. Noble intends to drill in Block 12 before the end of 2011. Furthermore, Noble’s partner in Israel, the Delek Group, has approached Nicosia with a pr...
Volume: 54Issue: 17Published at Mon, 25 Apr 2011 -
UAE Pledges $1.4Mn To International Counter-Piracy Fund
...obal commercial maritime routes, and the safety of seafarers and other persons.” The escalation of pirate attacks in 2011 has hurt global trade and commerce, and has a damaging impact on peace, security and stability throughout the world, it adds. A UAE‐flagged, Kuwaiti‐owned oil tanker was hi...
Volume: 54Issue: 17Published at Mon, 25 Apr 2011 -
Turkey Grants Final South Stream Prospecting Permit To Gazprom
...gineering and design (FEED) which should be completed in late 2011 or early 2012. The final investment decision would then be taken in late 2012 or early 2013 in order to see gas flowing via the first 15 bcm/year branch of the pipeline system by late 2015. Moscow is considering an LNG amendment or/an...
Volume: 54Issue: 16Published at Mon, 18 Apr 2011 -
Egypt Allocates $3.36Bn For Electricity Sector In 2011-12
...Middle East Economic Survey VOL. LIV No 16 18-Apr-2011 EGYPT Egypt Allocates $3.36Bn For Electricity Sector In 2011-12 Egypt has allocated £E20bn ($3.36bn) for the electricity sector in fiscal year 2011-12 which starts on 1 July, Egyptian Minister of Electricity and Energy Hasan Yu...
Volume: 54Issue: 16Published at Mon, 18 Apr 2011 -
MENA Economies Recovering, But Face Policy Challenges, Says IMF
...Middle East Economic Survey VOL. LIV No 16 18-Apr-2011 REGIONAL MENA Economies Recovering, But Face Policy Challenges, Says IMF The MENA region weathered the global crisis relatively well and the recovery is now proceeding with GDP projected to grow at 4% in 2011 and about 4....
Volume: 54Issue: 16Published at Mon, 18 Apr 2011 -
Saudi Bank Share Prices Well Placed For 2011 Recovery, Jadwa Says
...Middle East Economic Survey VOL. LIV No 16 18-Apr-2011 SAUDI ARABIA Saudi Bank Share Prices Well Placed For 2011 Recovery, Jadwa Says After seeing large provisions for credit losses distort earnings in Saudi Arabia over the past three years, banks have now cleaned their loan po...
Volume: 54Issue: 16Published at Mon, 18 Apr 2011 -
Capital Intelligence Downgrades Bahrain’s Ratings
...ternal creditor position. The ratings agency said it is concerned that the government may find it difficult to reverse temporary spending increases, particularly if political tensions linger, and that this will make the budget more vulnerable to oil price volatility. The price needed to balance 2011...
Volume: 54Issue: 15Published at Mon, 11 Apr 2011 -
TAP And BH-Gas Sign Agreement To Explore Gas Supply Options
...February 2011. Plinacro and BH-Gas are backing the proposed Ionian Adriatic Pipeline (IAP), which would deliver gas to Croatia, Bosnia and Herzegovina, Montenegro and Albania through an outlet from the TAP system. The IAP would also carry gas from the Caspian region and Middle East to Europe, vi...
Volume: 54Issue: 15Published at Mon, 11 Apr 2011 -
Iran’s Inflation Rate Edges Up To 12.4%
...4% in the new year from 3% last year. According to the 2011-12 budget bill, which is still being debated in parliament, the reduction in subsidies will generate some IR600 trillion ($58bn) in increased revenue, 50% of which will be paid back to people in the form of handouts, 30% will be al...
Volume: 54Issue: 15Published at Mon, 11 Apr 2011 -
Iran Sets 2011-12 Gas And Gasoline Targets
...Middle East Economic Survey VOL. LIV No 15 8-Apr-2011 IRAN Iran Sets 2011-12 Gas And Gasoline Targets Iran’s Deputy Minister of Petroleum Mohsen Khojasteh-Mehr told reporters on 5 April that the country had set targets for the increase of gas production and for gasoline exports in...
Volume: 54Issue: 15Published at Mon, 11 Apr 2011 -
Iran And Azerbaijan Still Negotiating Price For Iranian Gas Imports
...ar to around 1 bcm/year beginning 2011, with the prospect of reaching a maximum of 5 bcm/y by 2015 (MEES, 17 January). The contract had stipulated that exports would start once the upgrading of the Astara compressor station was completed. Mr Abdullayev said that “negotiations between the te...
Volume: 54Issue: 15Published at Mon, 11 Apr 2011 -
Jordan Announces Price Increases For Most Petroleum Products
...6.5 ($9.17) per cylinder. Product prices are set monthly by a committee comprising members from the Ministry of Energy and Mineral Resources, the Ministry of Finance and the Jordan Refinery Company (JPRC). The latest price list will apply until 2 May. Product Prices Effective 1 April 2011 (Fils/Li...
Volume: 54Issue: 15Published at Mon, 11 Apr 2011 -
Qatar Maps Out 2011-16 Growth Plan
...Middle East Economic Survey VOL. LIV No 15 8-Apr-2011 QATAR Qatar Maps Out 2011-16 Growth Plan Qatar has revealed details of its development strategy and forecast for economic growth in 2011-16, after Qatar’s Crown Prince Shaikh Tamim bin Hamad Al Thani unveiled the plans on 28...
Volume: 54Issue: 15Published at Mon, 11 Apr 2011 -
Calik Enerji Wins Contract To Build 750MW Gas-Fired Power Plant Near Mosul
...sul. The company is expected to complete building the 750mw, six-turbine plant in 20 months. This is the second Iraqi power project won by Calik in 2011. In January the company announced it had won a $445.5mn contract to build the al-Khairat gas-fired combined cycle power plant near Karbala. The 1....
Volume: 54Issue: 14Published at Mon, 04 Apr 2011 -
Kuwait Launches Tender For Al-Zour North Power Plant
...ggest projects. Sixteen international companies had been pre‐qualified in February for bidding (MEES, 14 February). The Partnerships Technical Bureau (PTB), which oversees the IWPP process in al‐Zour, expects to receive the bids before the summer to be able to award the project in 2011. Al‐Zour No...
Volume: 54Issue: 14Published at Mon, 04 Apr 2011 -
Qatar Unveils National Development Strategy
...Middle East Economic Survey VOL. LIV No 14 1-Apr-2011 QATAR Qatar Unveils National Development Strategy Qatar’s Crown Prince Shaikh Tamim bin Hamad Al Thani on 28 March unveiled the National Development Strategy 2011-16, which is set to achieve the goals of the Qatar National Vi...
Volume: 54Issue: 14Published at Mon, 04 Apr 2011 -
Uncertainty Is Set To Continue, Says Crédit Agricole
...ril. Whereas under the first scenario analysts expect oil supply/demand to rebalance in the second half of 2011, in the second scenario – Crédit Agricole’s base case – markets are likely to be oversupplied due to the extra production from OPEC and prices would be expected to correct sharply in the se...
Volume: 54Issue: 14Published at Mon, 04 Apr 2011 -
Wintershall To Join South Stream, Slovenia Signs JV Agreement
...ake in the Nord Stream gas project, whose first 25.5 bcm/y capacity pipeline is due to be completed by the end of 2011. Following the signing, Russia’s Deputy Prime Minister Igor Sechin said that Wintershall will pay a total of €2bn for a 15% interest in South Stream, with the equity being tr...
Volume: 54Issue: 13Published at Mon, 28 Mar 2011 -
NIOC Exports First Shipment Of Gasoline To Afghanistan
...s recently authorized to export in the current Iranian year (21 March 2011 – 20 March 2010) up to 1bn liters of oil products (MEES, 21 March)....
Volume: 54Issue: 13Published at Mon, 28 Mar 2011