- Sort by:
- Score
- Published ▼
-
Egypt And IMF Agree Terms For $4.8Bn Loan
...EGYPT Egypt And IMF Agree Terms For $4.8Bn Loan By Basim Itayim Egypt and the International Monetary Fund (IMF) have reached a preliminary agreement on a 22-month standby arrangement (SBA) for $4.8bn. Under negotiation since June 2011, the SBA will support th...
Volume: 55Issue: 48Published at Fri, 23 Nov 2012 -
Kuwait 2012-13 Budget Maintains Record Spending
...ojected to rise by 47.1% over the previous year. The higher expenditure in the new budget comes on the back of an even larger increase of 19.2% in 2011-12 (MEES, 15 August 2011). Record public expenditure, and a failure to push economic reforms, prompted the former governor of the Central Bank of...
Volume: 55Issue: 48Published at Fri, 23 Nov 2012 -
Bahrain Unveils 2013-14 Draft Budget
...13 and BD3.543bn for 2014. The resulting deficits are estimated to be BD657mn for 2013 and BD753mn for 2014. Total revenue for 2013-14 will rise by 20.3% over 2011-12, while total expenditure for 2013-14 will increase by 12.8% over the two previous years. Announcing the budget figures, the Un...
Volume: 55Issue: 48Published at Fri, 23 Nov 2012 -
UK Treasury Renews Restrictions Against Iranian Banks
...IRAN UK Treasury Renews Restrictions Against Iranian Banks The UK Treasury on 21 November renewed its financial restrictions against Iranian banks, which have been in force from 21 November 2011, but ceased to have effect after the lapse of one year. It said all UK cr...
Volume: 55Issue: 48Published at Fri, 23 Nov 2012 -
Kuwait’s Political Instability Worsens
...nstitutional Court about the elections, and a ruling is expected on 27 November. The court overturned earlier this year a 2011 decree by the Amir that allowed elections in February 2012, triggering the latest political crisis. When the ‘Arab Spring’ uprisings started Kuwait’s government gave cash ha...
Volume: 55Issue: 48Published at Fri, 23 Nov 2012 -
Electric Vehicles On Their Way To Mainstream Use?
...chnology/china-to-boost-electric-car-industry_55452.html “Energy Dept Says US on Track for 1M Electric Cars by 2015,” Apr 14, 2011, reuters.com, available at http://www.reuters.com/article/2011/04/14/idUS89057392520110414 “Battle of the Batteries: Comparing Electric Car Range, Charge Ti...
Volume: 55Issue: 48Published at Fri, 23 Nov 2012 -
Egypt Finalizes Bidding Award
...s net Egyptian production of 13,000 b/d of oil equivalent (boe/d), up from 7,000 boe/d at the start of 2011. The company plans to boost production following the approval of three pending development leases which it is hopeful will come through before the year end (MEES, 12 October). Dana’s Egypt co...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
OPEC Role Steady Amid Rapid Change In IEA Outlook
...erage IEA crude oil import price approaches $125/B (in year 2011 dollars) by 2035. The study’s Current Policies scenario assumes the implementation of no policies adopted after mid-2012, while the 450 Scenario (MEES, 14 November 2011) assumes policy action to limit the long term global temperature in...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Benchmark Crude Prices
...12 Q2 2012 2011 2010 WTI 85.45 85.99 85.88 89.57 94.69 92...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Repsol Strikes Gas In Algeria
...oduction heartland. The Tihalatine South-1 well flowed at 3.7mn cfd at a depth of 1,070ms in the Ordovician shale reservoir. Appraisal work will be carried out by the consortium to assess the size of this discovery. Exploration began in July 2011 with the acquisition of 2D and 3D seismic da...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Jordan’s Energy Price Hike Triggers Protests
...generate its electricity supply, following the interruption in the flow of cheaper Egyptian gas via the Arab Gas Pipeline. This was bombed 15 times since the overthrow of the Mubarak regime in January 2011. Last week Egypt agreed to raise its gas exports to Jordan to 60mn cfd from an average of 42...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Sudan Rebuffs IMF Austerity Recommendations
...ficit which primarily came about as a result of Sudan losing some 75% of its oil revenues to the South when it seceded in July 2011. The deficit was estimated at around $2.4bn in June this year. Yet despite these measures, the IMF has urged the authorities in Sudan to continue along this same path and cu...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
UAE Issues 2012 Supplementary Budget
...e budget announced in October 2011, while total revenue will increase by Dh3.7bn ($1bn) to Dh45.1bn ($12.3bn) from Dh41.4bn ($11.3bn). The resulting deficit will now stand at Dh1bn ($272mn), compared to Dh400mn ($109mn) in the original budget (MEES, 17 October 2011). According to the de...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
IMF Sees Solid Economic Performance In Algeria
...at the fiscal balance is expected to deteriorate to 3.7% of GDP, weighted by the full effect of wage increases and back payments. It points out that “vulnerability to hydrocarbon prices has constantly increased, with the breakeven price reaching $121/B in 2012.” Unemployment was stable at 10% in 2011...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Ankara Poised To Unleash KRG Upstream Investment
...t-10 Discovery on first well drilled by OMV, but second well stopped in late 2011. Rovi, Sarta See Chevron above. Ma...
Volume: 55Issue: 46Published at Fri, 09 Nov 2012 -
Exploration Shows Signs Of Revival In Yemen
...rn of the year, Yemen’s ministry has been hard at work trying to restore the country’s battered oil industry, and in turn hike production back up to levels seen in the early 2000s. Production in the volatile state has been in constant decline with BP estimating the country’s 2011 output at 22...
Volume: 55Issue: 46Published at Fri, 09 Nov 2012 -
'Democratic' Bumps Fail To Prevent Libyan Gains
...oduction forecasts set back in September 2011. Libya’s refineries and petrochemicals plants are operating at “more than 350,000 b/d” or 90% of their capacity, he added. He acknowledged that production has sometimes varied sharply in recent months but added that these “problems and hiccups” ar...
Volume: 55Issue: 46Published at Fri, 09 Nov 2012 -
Libya Weighs Options For Gas Development
...LIBYA Libya Weighs Options For Gas Development Libya is targeting a 1bn cu ft/d hike in gas output to 3.5bn cfd by 2015. But the future of the country's only LNG plant, mothballed since February 2011, is up in the air. Nouri Berruien, chairman of Li...
Volume: 55Issue: 46Published at Fri, 09 Nov 2012 -
Egypt Extends Gas Bidding; TransGlobe Awarded Oil Blocks
...EGYPT Egypt Extends Gas Bidding; TransGlobe Awarded Oil Blocks Canadian independent TransGlobe was the biggest winner from Egyptian state firm EGPC's 2011-12 bid round. But the deadline for more recent gas-focused bidding has been put back three months amid sc...
Volume: 55Issue: 46Published at Fri, 09 Nov 2012 -
Shale Revolution, Slowing Demand Growth Cut Into Call On OPEC
...0bn for required additions and around $750bn for maintenance and replacement. Taking into account estimated midstream investments of “close to $1 trillion” the WOO sees global oil-related investment requirements 2011-35 “somewhere in the range of $6 to $7 trillion”.While precise growth in North Am...
Volume: 55Issue: 46Published at Fri, 09 Nov 2012