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EIA Boosts Oil Demand Forecasts For 2010 And 2011
...Middle East Economic Survey VOL. LIII No 46 15-Nov-2010 EIA Boosts Oil Demand Forecasts For 2010 And 2011 The Energy Information Administration (EIA) of the US Department of Energy ha...
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
Crude Oil Formulas/Posted Prices ($/B)
...45 * Iran’s Soroush and Norouz crudes are discounted against Iranian Heavy crude. Yemen (Dated Brent + / - Adjustment Factor; $/B) 2011 2010 Jan Dec Nov Oct Sep Aug Ju...
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
Bulgaria To Sign South Stream Agreement, ‘Deeply Worried’ Over Nabucco Progress
...sed in Sofia. The deal is expected to be signed during Russian Prime Minister Vladimir Putin’s planned visit to Sofia on 13 November. The two sides have also agreed to complete the pre-feasibility study for the project by February 2011, although Bulgaria may need more than six months to complete th...
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
VTTI Awards Oil Terminal Construction Contract To J&P
...14mn barrels) capacity tank farm at Vasiliko on the southern coast of Cyprus. Work is to begin in January 2011 with the storage facility and jetty due for completion at end-2012. Officials say the company originally envisaged an investment of €100mn but now speak of expanding the storage capacity of th...
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
Groundstar Transfer Of Kom Ombo Interest Approved
...80% interest for Aegean plus operatorship of the block. The Canadian company will retain a 10% carried interest through the 2011-14 exploration phase, the result of an agreement which saw the purchase price of Aegean’s interest drop from $8mn to $5mn. The two companies revised the terms of th...
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
Jordan’s 2011 Budget Seeks To Contain Deficit
...Middle East Economic Survey VOL. LIII No 46 15-Nov-2010 JORDAN Jordan’s 2011 Budget Seeks To Contain Deficit The Jordanian government on 6 November unveiled its 2011 budget, which seeks to cap the deficit at the 2010 level and at the same time to press on with economic re...
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
IMF Sees Libya’s Economy Strengthening Over Medium Term
...Prel Projected 2006 2007 2008 2009 2010 2011 (Annual % change, unless otherwise indicated) National Income and Prices Real GDP 5....
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
IMF: Strengthening Of GCC Financial Systems Needed
...naging Director John Lipsky said on 6 November after a meeting with regional financial officials. Comfortable fiscal and external positions should allow most regional economies to support continued stimulus into 2011 if necessary, he noted: “However, in some countries we are seeing early signs of a pi...
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
Saudi Arabia, Tunisia and Egypt Move Up In World Bank/IFC ‘Doing Business’ Ranking
...rporate disclosure and related-party transactions. MENA Ease Of Doing Business Rankings World Ranking World Ranking World Ranking World Ranking Economy 2011 2010 20...
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
Saudi Aramco Attracts 28 Banks To $4Bn Credit Facility
...e $1bn is a 364-day dollar-denominated facility (which any bank can cancel at 30 days notice). The banks signing up to the dollar tranche of the $3bn facility are also participants in the 364-day facility. The latest deal, which replaces the last revolving credit facility expiring in 2011, re...
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
SEC Invites Bids For Qurayah Power Project
...e company, adding that the remaining 50% will be owned by SEC. The project company will sell its power output to SEC under a 20-year power purchase agreement, it added. Bids are due to be submitted to SEC on 28 February 2011. The project should be completed and should achieve full commercial op...
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
Norway’s Statkraft To Build Kargi Hydropower Plant
...dget for exploration in the Black Sea for 2011 will exceed $1bn. Turkey has agreements with Statoil, Chevron, Petrobras and ExxonMobil covering offshore Black Sea exploration projects (MEES, 25 October, 27 September). TransAtlantic Petroleum on 10 November announced that it has entered an...
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
UAE 2011 Federal Budget Projected To Fall
...Middle East Economic Survey VOL. LIII No 46 15-Nov-2010 UAE UAE 2011 Federal Budget Projected To Fall The UAE cabinet on 7 November approved a three-year federal budget of Dh122bn ($33...
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
OPEC Sees Future Riven With Uncertainty Despite Tentative Economic Recovery
...finery closures, and the talk of re-openings, appears to contradict the stark realities of refining, especially in the industrialized regions of the world.” OPEC World Oil Outlook 2010 (Mn B/D) 2010 2011 2012 2013 2014 2015 20...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
Egypt Poised To Hit GDP Growth Target, But Long Term Challenges Linger
...ctor activity and lower the country’s deficit, as well as the revitalization of external demand through global economic recovery. Reforms targeting energy subsidization for companies, meanwhile, may not be fully implemented until after 2011’s general election. Though the impact of the global ec...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
Ukraine To Relaunch LNG Project
...ev was planning to relaunch in early 2011 a plan to construct the country’s first LNG regasification terminal that “will allow [by 2016] 10 bcm/year of gas or 20% of our gas balance to be imported.” He said that he project is estimated to cost around $4bn and will be developed on a build-own-op...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
Noble Energy To Drill Offshore Cyprus After October 2011 Under PSC Terms
...Middle East Economic Survey VOL. LIII No 45 8-Nov-2010 CYPRUS Noble Energy To Drill Offshore Cyprus After October 2011 Under PSC Terms MEES learns that Noble Energy is obliged un...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
Kuwait Struggles To Boost Gas And Northern Fields Condensate
...the first quarter 2011, he said, and 600mn cfd by 2013 – on target with the original schedule. Shell joined the project under an Enhanced Technical Service Agreement earlier this year. Doubts remain, however, about whether the project, which has been delayed three years, will meet the de...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
Oman Bases 2011 Budget On $58/B Oil
...Middle East Economic Survey VOL. LIII No 45 8-Nov-2010 OMAN Oman Bases 2011 Budget On $58/B Oil Oman’s 2011 budget will be based on an oil price assumption of $58/B, according to a de...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
Shell Marks Progress On Offshore Installations For Pearl GTL Project
...d will be left unmanned during normal operations, with all natural gas processing occurring onshore. Shell expects to get first production from the first of its two 70,000 b/d GTL trains by early 2011, using gas from the North Field. Full operations are expected to commence by 2012, at which po...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010