- Sort by:
- Score
- Published ▼
-
Aksa Enerji Awards Samsun Power Plant Contract To Wartsila
...stallation of a new gas-fired unit with a rated output of 18.3mw. Wartsila said in a statement that the scope of supply also includes the controls, automation and auxiliary equipment for the fuel gas, charge air, cooling and exhaust gas systems. When the new engine is commissioned in 2011, the plant will ha...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
MENA Energy Investment Outlook: Recovery Despite Uncertainty
...shall provide insight into the key trends and challenges facing energy investments in the Middle East and North Africa (MENA) for the five-year period 2011-15. The context of the review is that of a global demand for energy gradually recovering and of crude oil prices stabilizing within an ad...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
Russian JVC To Explore Turkmen Offshore Block 21
...rly 2011, according to a Gazprom corporate journal of 4 October. Itera Chairman Igor Makarov reportedly said: “This year we will draw up the block’s geochemical scheme and start 2D and 3D seismic exploration work, which we will finish in 2011. All the work will be organized on the lines of an open in...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
IMF Completes Iraq Review, Makes $741Mn Available For Disbursement
...rcumstances. The fund-supported program has provided a valuable anchor for economic policy during a period of high vulnerability. In the first half of 2010, oil revenues remained strong, inflation continued to be subdued, and the budget recorded a surplus. For 2010 as a whole and 2011, based on co...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
Egypt To Resume Agreed Gas Supply To Jordan
...rdanian officials are due to meet in the near future to discuss natural gas supplies in 2011 and the possibility of concluding a supplementary agreement for the extra gas that Jordan wishes to import from Egypt. Jordan was expecting to sign such a deal in July (MEES, 26 July). ...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
Dolphin Energy Announces Maintenance Program For February
...tural gas to the UAE via a pipeline from Qatar, announced that it will undertake a planned maintenance program at a number of onshore and offshore facilities in February 2011. Extensive inspection and maintenance work on Trains 1 and 2 of the Stream 2 facilities located at Ras Laffan and on one pr...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
IMF Sees Oil Price Rebound Leading MENA Growth In 2010-11
...d importers in the MENA region in ways that should see them experience robust growth in 2010 and 2011, the IMF said in its World Economic Outlook for October. The IMF projects a 4.1% average growth rate for the region as a whole this year, with an increase to 5.1% in 2011. Oil exporters, buoyed by...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
SFD Lends Bahrain $115Mn
...der three loan agreements signed on 30 September in Manama. The first agreement for SR187.5mn ($50mn) will help cover the cost of an electricity transmission project, whose construction began in 2007 and is due for completion in 2011. The second agreement for SR143mn ($38.1mn) will finance the im...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
Credit Agricole Sees GCC Banks Reverting To Fundamentals
...ogram in which the role of banks has yet to be defined. “Reliance on state funds to finance development projects underpins the urgency of better engaging the private sector in 2011,” the bank said. Inflationary pressure in Saudi Arabia, which saw its inflation rate jump to a regional high of ab...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
NCB Says Saudi Arabia “Well Placed” For Growth In 2010
...pital inflows with the resumption of private sector credit continuing to support the non-oil sector. Real GDP growth has therefore been forecast at approximately 3.7% for 2010 and 4% for 2011. After the contraction of the oil sector by 6.7% in 2009 due to successive cuts in production, the NCB sa...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
Weak Performance For Saudi Banking In August, Says BSF
...lue. Banks are unlikely to see a substantial revival in credit until there is good growth in long term project financing, which BSF expects will take place in 2011 and 2012. There was also a notable decline in deposits of 1.8% from July to SR925.87bn ($247bn), which led to a rise in the loan-to-de...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
GE Wins $700Mn Contract For SEC Power Plant
...ted that Saudi Arabia, which has an installed capacity of 44gw, is expected to need about 70gw of power by 2020. GE will begin shipment of the equipment for PP11 in 2011 and the first phase of the project generating 788mw is scheduled to enter commercial operation in mid-2012. The second phase wi...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
Syria And India Sign MOU To Develop Phosphate Fertilizers
...ars to Oswal, which would be in charge of the development and running of the plant. They have also agreed to establish transportation and storage facilities on site and at the Port of Tartus. Oswal is expected to prepare a feasibility study for the project by early 2011....
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
Edison Plans Purchase Of Turkish Power Plants, Seeks 20% Market Share
...d Middle East,” Mr Poti told reporters in Istanbul on 1 October. Turkey is expected in 2011 to offer for sale four coal and gas fired power plants with a combined 3.0gw capacity. Mr Poti, who heads Edison’s international projects department, said: “Turkey is the best market and now is the proper ti...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
RAK Petroleum Increases Stake In Saleh Field
...atement said. “Advances in technology as well as in oil and gas prices have regenerated our interest in the remaining potential of this field,” said Mr Mossavar-Rahmani. The company plans to commence redevelopment of the Saleh field in the first six months of 2011 by deepening an existing well into the Th...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
Kuwait Launches Four-Year Economic Revamp
...e 2010-11 budget (1 April 2010 to 31 March 2011) published by the government in August hikes spending by 34.6% from the previous year to KD15.7bn ($54.9bn – see tables). It falls short of the record KD19bn ($66.4bn) allocated in the 2008-09 budget, but that increase had focused on areas that do not st...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010 -
Saudi Aramco Poised For Next Stage Of Downstream Expansion Drive
...pansion. Bids for construction of the 2.5bn cfd Wasit gas plant, which will produce around 1.8bn cfd of sales gas from the offshore Hasbah and 'Arabiyah fields, are due in by end-October, with award expected by February/March 2011, contractors say. Meanwhile, bids for construction of a gas treatment and NG...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010 -
Region Needs $70Bn Investment Over 10 Years To Avoid Power Crisis
...ternative energy research to importing coal. Qatar To Export Electricity, Plans $1Bn Solar Center Qatar, the only Gulf country to have surplus gas and electricity, plans to boost its power production to more than 8.707gw by 2011, from 4.263gw at the end of the second quarter of 2008, according to Qatar’s ge...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010 -
OPEC In Good Shape At 50th Anniversary, Says CGES
...s not happy subsidizing other sources of energy, but by following its recent pricing strategy that is exactly what it is doing.” CGES Global Supply/Demand Balance (Mn B/D) 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 2009 2010 2011 World Oil De...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010 -
Economy Remains Wildcard For Market Fundamentals, Says Société Générale (
...arterly report and that it expects stocks to remain steady at current high levels through the first half of 2011 with no drawdowns likely until the second half. Despite a year of recovering oil demand, OECD inventories remain high at over 61 days of forward cover – above five-year highs. Mr Wittner said th...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010