- Sort by:
- Score
- Published ▼
-
Kulczyk Oil Sells 30% Interest In Syria’s Block 9
...2011. Late last year Kulczyk announced that it has agreed to transfer 20% interest in Block 9 to Triton Petroleum and a 5% interest to an unrelated party (MEES, 21/28 December 2009). Following this latest sale of equity, Loon Latakia will now have a 45% interest in the block; MENA Hydrocarbons (Sy...
Volume: 53Issue: 38Published at Mon, 20 Sep 2010 -
Algeria Launches Upstream Bidding Round Amid Intense Scrutiny
...tober to 20 December. Alnaft will accept proposals for modifications up to 10 January 2011. The final contract will be issued no later than 7 February, with bids to be opened at a ceremony on 3 March, Alnaft said. Contract signing is scheduled for 20 March. The bidding round announcement is significant in...
Volume: 53Issue: 37Published at Mon, 13 Sep 2010 -
Gazprom To Double Azeri Gas Imports In 2011
...Middle East Economic Survey VOL. LIII No 37 13-Sep-2010 CASPIAN Gazprom To Double Azeri Gas Imports In 2011 Russia’s Gazprom and Azeri state firm Socar agreed on 3 September to amend th...
Volume: 53Issue: 37Published at Mon, 13 Sep 2010 -
Tunisia Supported Throughout Global Crisis By Sound Policies And Reforms, Says IMF
...y 2010 due to rising food prices, but non-food price increases have remained moderate at around 3%. Tunisia: Selected Economic And Financial Indicators, 2005–11 Projections 2005 2006 2007 2008 2009 2010 2011 Pr...
Volume: 53Issue: 37Published at Mon, 13 Sep 2010 -
Kazakhstan To Double Oil Export Duties To $40/Ton For 2011
...Middle East Economic Survey VOL. LIII No 36 6-Sep-2010 CASPIAN Kazakhstan To Double Oil Export Duties To $40/Ton For 2011 Kazakhstan’s Minister of Finance Bolat Zhamishev told a cabinet me...
Volume: 53Issue: 36Published at Mon, 06 Sep 2010 -
Khamenei Backs Ahmadinejad’s Push To Remove Subsidies
...ply...the plan for removing subsidies.” The bill is intended to limit subsidies beginning in September, with a view to saving $20bn in the current Iranian year (21 March 2010 – 20 March 2011). However, prominent conservatives have criticized Mr Ahmadinejad for not providing a clear plan on how he in...
Volume: 53Issue: 36Published at Mon, 06 Sep 2010 -
Gulf Banks Recovering Despite $20Bn Loan Losses And Impairments, According To S&P
...e Gulf Cooperation Council (GCC) are starting to recover thanks to high oil prices and government policies. S&P says that the asset quality of Gulf banks rated by the agency should improve from 2011 and that their margins and efficiency will provide a solid foundation for their return to high pr...
Volume: 53Issue: 36Published at Mon, 06 Sep 2010 -
Second Pipeline Of Central Asia-China Gas System Nears Completion
...ported on 20 August. Line B is scheduled to be operational by the end of September, and will add an initial 9 bcm/year of capacity to the Central Asia-China system, which is intended to reach a throughput capacity of 30 bcm/year by the end of 2011. The 1,833km pipelines connect Turkmenistan’s gas fields al...
Volume: 53Issue: 35Published at Mon, 30 Aug 2010 -
Saudi Inflation Rises To 5.5% In June
...ivate sector bank credit”, says the report. Loans worth an estimated SR73bn ($19.47bn) should be booked by banks in the second half and into the first months of 2011. Saudi banks have raised their foreign assets by 13.2% since January in preference to overnight deposits with the Saudi Arabian Monetary Ag...
Volume: 53Issue: 35Published at Mon, 30 Aug 2010 -
Emirates Steel Signs $1.1Bn Project Financing Agreement
...reement on 24 August with a consortium of seven conventional banks and two Islamic finance institutions. The financing will partly fund an ongoing $2.45bn expansion and upgrading program that will raise ESI’s steel production capacity from 2mn tons/year now to 3mn t/y in 2011. Official news agency WAM re...
Volume: 53Issue: 35Published at Mon, 30 Aug 2010 -
Rosatom Schedules Loading Of Fuel At Bushehr Nuclear Plant
...at time Bushehr should be able to generate 500mw of power. Full generating capacity of 1.0gw is expected to be reached in early 2011....
Volume: 53Issue: 34Published at Mon, 23 Aug 2010 -
NBK Says Kuwaiti GDP Recovery On Track After Sharp Fall In 2009
...r GDP to grow 18% this year – by 3.0% in real terms and a stronger 4.3% in 2011. The improvement should come as more large projects come on line. (Official figures for real GDP in 2009 have not yet been released).” With oil representing 46% of GDP in 2009, NBK says the Kuwaiti economy still needs to...
Volume: 53Issue: 34Published at Mon, 23 Aug 2010 -
Lebanese Parliament Ratifies Offshore Hydrocarbons Law
...fshore Israel and plans to soon begin exploration in the Leviathan structure, where potential reserves are estimated at 16 trillion cu ft (MEES, 16 August). The new law is intended to regulate the process of surveying, exploration and production of hydrocarbons in the offshore. By the end of 2011, Le...
Volume: 53Issue: 34Published at Mon, 23 Aug 2010 -
Nareva Awarded Morocco Wind Park Construction Contract
...the project and construction start and end dates would be revealed in the coming weeks. The facility is expected to be completed by the end of 2011 and is part of a wider MD31.5bn ($3.64bn) program to install 2.0gw of wind power capacity by 2020. The kingdom plans for renewable energy to make up to...
Volume: 53Issue: 34Published at Mon, 23 Aug 2010 -
China To Build Four Large Ships For Oman
...pected to be delivered in 2011 and the remaining two in 2012. The agreement was signed by the Omani Minister of National Economy Ahmad Makki and the chairman of the bank Li Ruogu. Mr Makki said that he looks forward to more participation by Chinese companies in Omani projects already underway, such as th...
Volume: 53Issue: 34Published at Mon, 23 Aug 2010 -
GDF Suez/IP Merger Gives Company 14.7GW Combined Middle East Power Capacity
...GDF Suez Bahrain Al-Dur 1 1,230 50 2011 Bahrain Al-Hidd* 938 30 2007 Bahrain Al-Ezzel 950 45 2006 Saudi Arabia Marafiq 2,750 20 2009 Oman Al-Ma...
Volume: 53Issue: 34Published at Mon, 23 Aug 2010 -
Pakistan Moves Slowly On Iran Gas Pipeline And Qatari LNG Imports
...obably involve a floating storage and regasification unit (FSRU), MEES understands. It is unlikely to be operational by the target year of 2011. Furthermore, one of the 4Gas shareholder companies is in Chapter 11 bankruptcy, but it us unclear how this affects the whole project. GDF Suez and Shell are mo...
Volume: 53Issue: 33Published at Mon, 16 Aug 2010 -
Nabucco Confirms Final Investment Decision Set For 4Q 2010
...ring the fourth quarter of 2010. Speaking at a press conference in Vienna on 4 August, Werner Auli, the head of OMV’s Oil and Gas division said the FID for the project, which has weathered a number of delays, would either be made in the fourth quarter of 2010 or the first quarter of 2011 “at the la...
Volume: 53Issue: 32Published at Mon, 09 Aug 2010 -
Dragon Oil Output Averages 46,420 B/D In 1H 2010
...diterranean. During the first half of 2010, Dragon completed six new development wells, three workovers and one sidetrack. It also awarded a contract for the lease and management of a new Super M2 jack-up rig to be deployed in the fourth quarter of 2011. Also, contracts were awarded for the construction of two ne...
Volume: 53Issue: 32Published at Mon, 09 Aug 2010 -
Dana Petroleum Makes New Egypt Oil Discovery
...e PSC, followed by more drilling in 2011. Dana said that the findings confirmed the PSC as a “very attractive” area to develop, with it estimating that the two discoveries have proven initial reserves of 10-12mn barrels of oil with a potential for considerable upside. The firm has submitted a pr...
Volume: 53Issue: 32Published at Mon, 09 Aug 2010