- Sort by:
- Score
- Published ▼
-
Qatar Starts Up Latest LNG Mega-Train
...targas 7 starting up next year, the two 7.8mn tons/year LNG trains will help lift Qatar’s condensate output to 720,000 b/d in 2011. Their LNG output will further weaken prices and may help disconnect gas prices from oil in Asia-Pacific. Qatargas Train 6, (state-owned Qatar Petroleum 68.5%, Co...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Saudi Aramco Set To Implement Flagship Saudization Initiative
...astomers project decided to locate the venture entirely at Jubail (MEES, 19 October 2009). Meanwhile, construction tenders for the expansion of the Saudi Aramco/Sumitomo PETRORabigh petrochemical complex are expected to be launched in mid‐2011, with work to begin shortly afterwards. PETRORabigh Phase II...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
G20 Calls For Crackdown On $312Bn Energy Subsidy Bill
...ing experienced in the transport sector. Moreover, further analysis carried out by the IEA has shown that the phasing out of fossil fuel consumption subsidies over 2011-20 would be expected to reduce global energy related CO₂ emissions by 5.8% – equivalent to the current combined emissions of Ge...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
IEA Raises Global Oil Demand Forecast To 87.3Mn B/D In 2010, 88.5Mn B/D In 2011
...Middle East Economic Survey VOL. LIII No 47 22-Nov-2010 IEA Raises Global Oil Demand Forecast To 87.3Mn B/D In 2010, 88.5Mn B/D In 2011 The International Energy Agency (IEA) has fo...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Gazprom And BEH Establish South Stream JVC
...adimir Putin, who said that Bulgaria “would profit enormously” from the deal. Mr Putin also promised to review existing gas supply contracts with Sofia, which are set to expire in 2011 and 2012, in order “to further reduce the final cost for consumers.” Mr Borisov stressed the potential economic be...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Socar Sees Shah Deniz 2 Gas Agreements By Mid-2011
...ld a press conference in Baku on 13 November that gas purchase agreements for the second production phase of the Shah Deniz field are expected to be signed by the middle of 2011. Mr Abdullayev confirmed that Socar was also in talks with Turkey’s Botas for the export of 6 bcm/year from Shah Deniz 2, wh...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Egypt Lines Up Bidding For Dairut IPP
...dding requirements to the 10 companies it has pre-qualified for a tender to build its first thermal power plant, according to reports. The companies, short-listed from a group of 19 that applied to bid, are expected to submit their final offers in early 2011. The contract for the independent power pr...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
CBI Statistics Show 19.7% Fall In Oil And Gas Exports Revenue In 2009-10
...an will have to pay $11.621bn in 2010-11, to be followed by subsequent annual payments as per the table below: CBI Debt Repayment Schedule Year Debt Repayment ($Bn) 1389 (2010-11) 11.621 1390 (2011-12) 2.274 1391 (20...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Jordanian Government Outlines 2011-13 Development Priorities
...Middle East Economic Survey VOL. LIII No 47 22-Nov-2010 JORDAN Jordanian Government Outlines 2011-13 Development Priorities Jordan’s Ministry of Planning and International Co...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Lebanon’s $725Mn Eurobond Three Times Oversubscribed
...cond week of November, was three times oversubscribed, the Ministry of Finance announced in a statement on 12 November. The ministry said that the issue, arranged by Bank of Beirut and Credit Suisse, consisted of two tranches – $500mn maturing in 2018 with a coupon of 5.15% and $225mn maturing in 2011...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Healthier Economy And Upcoming Mortgage Law Sustain Saudi Real Estate Sector
...rst quarter of 2011 has energized demand for land and finished properties as buyers hope the regulatory framework will unleash pent-up demand in the coming years,” said the report. Saudi Arabia’s property sector has exhibited much stronger price resilience to the global and regional economic do...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Syria’s Development Plan Targets 5.7% GDP Growth Annually
...velopment plan (2011-15) which is intended among others to focus on social development, boost investment in human capital, support health and education and the social safety net, improve the livelihood of people, and create job opportunities. It is designed to complete the process of economic reforms un...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Gulfsands Awards Khurbet East Processing Plant Contract To Saipem
...e Massive formation (MEES, 1 November). Meanwhile, Gulfsands says that a 3D seismic acquisition covering 1,025 sq km just west of the Greater Khurbet East area is 80% complete, with delivery of the final processed data earmarked for the first quarter of 2011....
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
DEWA Gears Up For First IWPP
...2011. It is expected to be the inaugural project in a series of IWPPs along the lines of the power and water development seen in Abu Dhabi, which has a well-established program. The first IWPP will have a capacity of 1.5gw (plus or minus 100mw) and produce 60-120mn gallons/day of desalinated wa...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Moody’s Upgrades DP World Rating Outlook To Positive
...uld continue strengthening alongside the company’s recent public commitments to prioritize deleveraging; DP World’s intention to refinance the $3bn syndicated revolving credit facility maturing in October 2012, over 2011; and a debt restructuring agreement for its direct parent company, Dubai Wo...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Political Comment (22 November 2010)
...certain whether the deal would still be on the table when the security cabinet holds its next meeting on 24 November. In the circumstances, State Department spokesman P J Crowley was probably guilty of understatement when he suggested on 15 November that the original deadline of August 2011 for re...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Oman To Lift Crude Output 80,000 b/d By End-2012
...dependent Occidental Petroleum aims to increase production of 10-12° API crude by 46,000 b/d from Mukhaizna field, ramping up next year and into 2012. In the third quarter of 2011, a consortium led by Lebanese independent CC Energy Development (CCED) expects to bring on stream 30,000 b/d of 30° API crude fr...
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
GCC Keeps Wary Eye On ‘Currency War’
...the end of 2011, said John Sfakianakis, Chief Economist at Banque Saudi Fransi in Credit Agricole’s 8 November Emerging Market Focus (BSF is part of the Credit Agricole Group). Inflation in the kingdom is now the region’s steepest, the report said, but pointed out that this results more fr...
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
WTI Price Moves Into Upper $80s/B Range
...ency forecast revised upward its global oil demand growth forecast for 2010 by 200,000 b/d to 2.3mn b/d. For its part, OPEC increased its estimate for growth in demand for 2010 by 190,000 b/d to 85.78mn b/d and by 310,000 b/d for 2011 to 86.95mn b/d. In its Weekly Petroleum Status Report, re...
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
OPEC Sees Weaker 4Q10 Demand For Its Crude, But Revises Global Projections Upwards
...ows. From the fourth quarter to the first quarter next year, the call on OPEC is set to fall by 510,000 b/d, forecasts this month’s MOMR, fairly close to the 500,000 b/d fall projected last month. While optimism regarding the outlook for world economic activity in 2011 is growing somewhat, the re...
Volume: 53Issue: 46Published at Mon, 15 Nov 2010