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Azerbaijan To Sell Gas Directly To Greece
...pplies, while looking to become a leading participant in the South Stream pipeline project, including a transit option towards Italy. Mr Kouvelis also proposed to Mr Aliyev that Socar participates in the tendering process to buy shares in DEPA, which is due for privatization in the second half of 2011. Th...
Volume: 54Issue: 06Published at Mon, 07 Feb 2011 -
Ratings Agencies Downgrade Egypt On Political Unrest
...ting of the class A3 notes issued by Petroleum Export Limited (PEL), said Moody’s. There are some structural features in the transaction that lead the class A3 notes to currently have an intrinsic credit quality that is stronger than Egypt’s Ba2 rating. The notes will mature on 15 June 2011 and ha...
Volume: 54Issue: 06Published at Mon, 07 Feb 2011 -
Iran’s Inflation Rate Rises To 10.8% In January
...e table below. CBI Debt Repayment Schedule Year Debt Repayment ($Bn) 1389 (2010-11) 9.513 1390 (2011-12) 3.749 1391 (2012-13) 1.884 1392 (2013-14) 1.502 1393 (2014-15) on...
Volume: 54Issue: 06Published at Mon, 07 Feb 2011 -
Jordan’s Foreign Aid Tops $1.1Bn In 2010
...is total, grants amounted to $782.2mn, or 69%, and concessionary loans to $351.2mn, or 31%. An official of the ministry said that Jordan has managed to receive the same level of foreign aid in the period 2008-10 despite the global financial crisis and hoped that this level would be maintained in 2011...
Volume: 54Issue: 06Published at Mon, 07 Feb 2011 -
Lebanon Asks UN To Broaden UNIFIL Mandate For Offshore Demarcation
...tober 2011 (MEES, 29 November 2010). However, the current state of political affairs in Lebanon does not bode well for follow-up legislation that will enable Lebanon to advance its nascent energy sector. The UN initially declined to become involved in the demarcation of Lebanon’s maritime borders. UN...
Volume: 54Issue: 06Published at Mon, 07 Feb 2011 -
Saudi Economy’s Real Growth Rate Was 3.8% In 2010, Says Jadwa
...ready picked up in January, initially because of investor confidence about the outlook for 2011. The jump in the final few days of the month lifted the total value of shares traded to SR83.8bn ($22.34bn), the highest since May 2010, it concluded....
Volume: 54Issue: 06Published at Mon, 07 Feb 2011 -
KMG Reports ‘Signs Of Hydrocarbons’ From N-Block Well
...lf of 2011. Mr Kabyldin also announced on 25 January that KMG has decided to freeze the development of the Kazakhstan Caspian Transportation System (KCTS) until 2018, when the second phase of Kashagan’s oil production is expected to come on stream. “We are planning to build the oil terminal [at th...
Volume: 54Issue: 05Published at Mon, 31 Jan 2011 -
Egypt Plans To Offer Some 18 Licenses In 2011 Bid Rounds
...Middle East Economic Survey VOL. LIV No 5 31-Jan-2011 EGYPT/EAST MEDITERRANEAN Egypt Plans To Offer Some 18 Licenses In 2011 Bid Rounds Egypt is expected to offer licenses for exploration and development in around 18 concessions during 2011, according to recent remarks made by...
Volume: 54Issue: 05Published at Mon, 31 Jan 2011 -
Iran Reduces Emergency Fuel Additives Production At Petrochemical Plants
...pand its gasoline production capacity by 10mn liters/day (62,900 b/d) before the end of the current Iranian year (21 March 2010 – 20 March 2011) and would start inaugurating a new major refinery unit every month of 2011 starting from February. “Later in this year we will become self-sufficient th...
Volume: 54Issue: 05Published at Mon, 31 Jan 2011 -
Yildiz Visits Iran To Discuss Energy Investments
...tentially by September 2011, into the European Network of Transmission System Operators for Electricity (ENTSOE) grid. Following his meeting with Mr Yildiz, Mr Namjou noted that “a comprehensive road-map will be drawn for the two countries’ cooperation in the energy sector, which will be the pillar for Ir...
Volume: 54Issue: 05Published at Mon, 31 Jan 2011 -
Kuwait’s 2011-12 Draft Budget Projects Higher Revenue And Lower Deficit
...Middle East Economic Survey VOL. LIV No 5 31-Jan-2011 KUWAIT Kuwait’s 2011-12 Draft Budget Projects Higher Revenue And Lower Deficit The Kuwaiti draft budget for 2011-12, which starts on 1 April, is projecting total revenue of KD13,445mn ($48,133mn), up 38.3% over the pr...
Volume: 54Issue: 05Published at Mon, 31 Jan 2011 -
Oman’s Economic Growth Forecast To Hit 5% In 2011, IMF Says
...Middle East Economic Survey VOL. LIV No 5 31-Jan-2011 oman Oman’s Economic Growth Forecast To Hit 5% In 2011, IMF Says Real GDP growth in Oman is projected to rise further to around 5% this year, after posting growth figures of 1.1% and 4.1% in 2009 and 2010 respectively, the IM...
Volume: 54Issue: 05Published at Mon, 31 Jan 2011 -
IMF Trims MENA Growth Forecast For 2011
...Middle East Economic Survey VOL. LIV No 5 31-Jan-2011 REGIONAL IMF Trims MENA Growth Forecast For 2011 While the IMF marginally increased its forecast for world growth to 4.4% for this year, it trimmed predictions for MENA from the levels it reported in its October 2010 Wo...
Volume: 54Issue: 05Published at Mon, 31 Jan 2011 -
Samba Forecasts 6% GDP Growth For GCC Economies In 2011
...Middle East Economic Survey VOL. LIV No 5 31-Jan-2011 REGIONAL/GCC Samba Forecasts 6% GDP Growth For GCC Economies In 2011 Although the global economy enters 2011 in a state of some uncertainty, the outlook for the GCC economies remains positive, with regional real GDP gr...
Volume: 54Issue: 05Published at Mon, 31 Jan 2011 -
DEWA Plans To Add 2GW Of Generating Capacity In 2011
...Middle East Economic Survey VOL. LIV No 5 31-Jan-2011 UAE DEWA Plans To Add 2GW Of Generating Capacity In 2011 Dubai Electricity and Water Authority (DEWA) will complete the Substation M Project at Jebel Ali in 2011, with a capacity to generate 2gw of electric power and de...
Volume: 54Issue: 05Published at Mon, 31 Jan 2011 -
Bahrain Cabinet Unveils Record Budget For 2011-12
...Middle East Economic Survey VOL. LIV No 4 24-Jan-2011 Bahrain Bahrain Cabinet Unveils Record Budget For 2011-12 Bahrain’s two-year budget for 2011-12 was approved by the cabinet on 6 January, with total revenue for the period projected at BD4.44bn ($11.8bn at BD1=$2.66) – co...
Volume: 54Issue: 04Published at Mon, 24 Jan 2011 -
Azerbaijan Doubling Gas Exports To Russia
...plement its pledge to double gas exports to Russia. Under the agreement, Socar is raising gas supply to Russia’s North Caucasus provinces to 1.5bn cu ms in 2011 from a level of 799.8mn cu ms in 2010. Meanwhile, Socar announced on 17 January that the price of its Azeri Light sweet crude oil has ex...
Volume: 54Issue: 04Published at Mon, 24 Jan 2011 -
Venezuela Halts Fuel Exports To Iran, As Mirkazemi Predicts Self-Sufficiency
...directed output from petrochemical plants for use as blending components, in a bid to reduce pressure on its gasoline and diesel supplies. Iranian Minister of Petroleum Masoud Mirkazemi told reporters in Tehran on 16 January that Iran would inaugurate a new major refinery unit every month of 2011 st...
Volume: 54Issue: 04Published at Mon, 24 Jan 2011 -
Jordan Lowers Some Petroleum Product Prices To Curb Inflation
...cluded JD77mn for LPG, JD120mn for bread, JD145mn for water and electricity, JD35mn for food, JD85mn for poor families and JD90mn for medical treatment for citizens not covered by health insurance. Product Prices Effective 12 January 2011 (Fils/Liter, Unless Otherwise Stated) 2011...
Volume: 54Issue: 04Published at Mon, 24 Jan 2011 -
Government Collapse Is Credit Negative For Lebanese Banks, Says Moody’s
...Middle East Economic Survey VOL. LIV No 4 24-Jan-2011 Lebanon Government Collapse Is Credit Negative For Lebanese Banks, Says Moody’s The collapse of the national unity government is credit negative for Lebanon’s banks as it brings into question 2011 economic growth pr...
Volume: 54Issue: 04Published at Mon, 24 Jan 2011