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Iranian Parliament Approves Outlines Of 2010-11 Budget
...bt Repayment ($Bn) 1388 (2009-10) 6.189 1389 (2010-11) 5.739 1390 (2011-12) 2.333 1391 (2012-13) 2.023 1392 (2013-14) onwards 5.817...
Volume: 53Issue: 11Published at Mon, 15 Mar 2010 -
Turkey Ratifies Nabucco Intergovernmental Agreement
...nal investment decision on the €7.9bn project, designed to carry 31 bcm/year of gas into East and Central Europe. Construction is to begin in 2011 and first gas from the Caspian region should pass through the pipeline in 2014-15. Turkey’s prolonged negotiations with Azerbaijan over the price of gas th...
Volume: 53Issue: 11Published at Mon, 15 Mar 2010 -
Morocco Mildly Impacted By Global Financial Crisis, Says IMF
...ans to return to fiscal consolidation beginning in 2011. “This will be important to stabilize the public debt-to-GDP ratio, preserve low borrowing costs in the economy, and facilitate the implementation of monetary policy,” the IMF said....
Volume: 53Issue: 10Published at Mon, 08 Mar 2010 -
Sonatrach Plans To Expand Refining Capacity To 40Mn Tons/Year By 2016
...erations, including current projects such as LNG plants in Arzew and Skida,” the CEO said. Algeria has four refineries and is planning to build a new 300,000 b/d capacity refinery at Tiaret. This was originally intended to be brought on-stream in 2011 (MEES, 26 October 2009)....
Volume: 53Issue: 09Published at Mon, 01 Mar 2010 -
GCC Electricity Grid Connection On Track, Bahrain’s EWA Says
...Middle East Economic Survey VOL. LIII No 8 22-Feb-2010 REGIONAL GCC Electricity Grid Connection On Track, Bahrain’s EWA Says The UAE is on track to connect to the GCC power grid by early 2011, with Oman to follow, 'Abd al-Majid al-'Awadhi, CEO of Bahrain’s El...
Volume: 53Issue: 08Published at Mon, 22 Feb 2010 -
Jadwa Sees Government Spending Pushing Saudi Economic Growth In 2010
...ill in place, Saudi interest rates will thus remain low. “For the moment very low interest rates are also appropriate in Saudi Arabia, as they are an important condition for the revival of bank lending,” said Jadwa. Jadwa expects the global economy to pick up in 2011, especially in Asia’s em...
Volume: 53Issue: 08Published at Mon, 22 Feb 2010 -
Declining Oil Revenues A Challenge To Yemen’s 2010 Budget
...scription 2010 2009 Change 2011P* 2012P* Total Revenue 1,520,412 1,537,168 -1.1 1,465,848 1,517,546 Foreign Borrowing 63,331 82,330 -23...
Volume: 53Issue: 08Published at Mon, 22 Feb 2010 -
Bulgaria Ratifies Nabucco Agreement, Hungary Gets Serious On South Stream
...cision is due to be made in the last quarter with construction to begin in 2011 (MEES, 14 December 2009). The project has been delayed by a failure to secure gas supply agreements, although Azerbaijan and Iraq appear to be the most likely future suppliers at this time. Last December, RWE said it hoped to si...
Volume: 53Issue: 06Published at Mon, 08 Feb 2010 -
US Senate Passes Further Sanctions Against Iran
...nopec is developing two catalytic crackers at the Hormuz and Abadan refineries, which are both scheduled for completion in 2011. On 2 February US Director for National Intelligence Denis Blair told the Senate Select Committee on Intelligence that “Iran has made contingency plans for dealing with future ad...
Volume: 53Issue: 06Published at Mon, 08 Feb 2010 -
World Bank Expects MENA Economies To Show 4.4% Growth By 2011
...Middle East Economic Survey VOL. LIII No 6 8-Feb-2010 REGIONAL World Bank Expects MENA Economies To Show 4.4% Growth By 2011 The economies of the Middle East and North Africa are ex...
Volume: 53Issue: 06Published at Mon, 08 Feb 2010 -
GE Secures $200mn Turbines Contract For GASCO’s Habshan 5 Gas Plant
...2011. Habshan 5 will have four gas processing trains, with a total capacity of 2bn cfd of gas. “Habshan 5 is an important part of GASCO’s plan to increase overall gas processing capacity to meet growing natural gas demand,” said Senior Vice-President of GASCO’s Major Projects group 'Abd al-'Aziz al...
Volume: 53Issue: 06Published at Mon, 08 Feb 2010 -
Gazprom To Buy 2 BCM Of Azerbaijani Gas In 2011
...Middle East Economic Survey VOL. LIII No 5 1-Feb-2010 CASPIAN Gazprom To Buy 2 BCM Of Azerbaijani Gas In 2011 Russian state gas monopoly Gazprom on 21 January announced that it will purchase 2 bcm of natural gas from Azerbaijan during 2011, twice th...
Volume: 53Issue: 05Published at Mon, 01 Feb 2010 -
NIOC Executive Warns Of Skills Shortage In Iranian Oil Industry
...more than 500,000 b/d over the next five years. Mr Zyghami said ICOFC was working to bring two oil fields and two gas fields on stream by the end of the next Iranian year (21 March 2010 – 20 March 2011), with combined production capacity of 45,000 b/d of oil and 15mn cmd of gas....
Volume: 53Issue: 05Published at Mon, 01 Feb 2010 -
NIGC To Start Storing Gas In April
...pacity of 540mn cu ms and is scheduled for completion in 2011. Sofregaz, a subsidiary of Gaz de France, won the original tender to develop the facility in 2002 but left the project in 2007 (MEES, 15 June 2009)....
Volume: 53Issue: 05Published at Mon, 01 Feb 2010 -
IMF Revises Upward Its Forecasts For Economic Growth
...andards, whereas in many emerging and developing economies, activity is expected to be relatively vigorous, largely driven by buoyant internal demand. The IMF expects Middle Eastern economies to grow by 4.5% in 2010 and 4.8% in 2011, a slight increase from October 2009 projections. The rebound of co...
Volume: 53Issue: 05Published at Mon, 01 Feb 2010 -
South Stream Technical Study Completion Expected In September-October
...nister, told Ria Novosti on 16 January that all technical work necessary to finalize the routing of the South Stream gas pipeline project would be completed by all the states involved by September-October this year, so that the construction work on the pipeline would begin in November 2010 or January 2011...
Volume: 53Issue: 04Published at Mon, 25 Jan 2010 -
Higher Commodities Prices Drive Qatari Economic Growth, Says Emirates NBD
...rengthening external demand should also lead to a recovery in the non-energy sector. Growth of Qatar’s non-hydrocarbon sector is expected to accelerate to 5% of GDP in 2010, from an estimated 2% in 2009. GDP growth should stay strong in 2011 as well, at 12.5%. Accordingly the country’s oil and gas earnings ar...
Volume: 53Issue: 04Published at Mon, 25 Jan 2010 -
Critical Year Ahead For Sudan, Chatham House Warns
...civil strife, voters in Southern Sudan will in January 2011 take a decision with far-reaching consequences for the peace and development of the whole country, Chatham House (UK’s Royal Institute of International Affairs) warned last week. In the report Decisions and Deadlines – A Critical Year fo...
Volume: 53Issue: 04Published at Mon, 25 Jan 2010 -
Abu Dhabi Lifeline To Dubai Shrinks
...kheel, which developed Dubai’s palm-shaped islands, said that it had made the $10.3mn coupon payment on a $750mn bond due in 2011. Another state-run company, Borse Dubai, also said last week it would exercise an option to extend a $2.5bn one-year loan to February 2011. Creditors are still awaiting a st...
Volume: 53Issue: 04Published at Mon, 25 Jan 2010 -
Turkmenistan Awards Contracts For South Yolotan Gasfield, But Output Questions Remain
...ount to 6 bcm/y and that by December 2010 it plans for as much as 15 bcm/y to be moving through the pipeline. By December 2011, CNPC plans for annual shipments to reach 30 bcm and during 2013-14, the full contract volume of 40 bcm/y is scheduled to be met. Meanwhile, in the course of this, Ka...
Volume: 53Issue: 03Published at Mon, 18 Jan 2010