- Sort by:
- Score
- Published ▼
-
Saudi Government Unveils Record Expansion-ary Budget
...Middle East Economic Survey VOL. LIII No 52 27-Dec-2010 SAUDI ARABIA Saudi Government Unveils Record Expansion-ary Budget Sustained high crude oil prices this year have provided Saudi Arabia with the impetus to hike 2011 budgeted expenditure 7.4% to a record SR580bn ($15...
Volume: 53Issue: 52Published at Mon, 27 Dec 2010 -
New Iraqi Cabinet Emerges, But Oil Uncertainties Remain
...bari and Deputy Prime Minister Roz Shaways. The Kurds have not accepted any new positions, in the hope of forcing a breakthrough on an oil deal, MEES understands. On 18 December, Kurdish deputies walked out of a parliamentary session to approve the 2011 budget after a clause was inserted – sources say by...
Volume: 53Issue: 52Published at Mon, 27 Dec 2010 -
Cyprus And Israel Sign Accord To Delimit East Mediterranean Waters
...tween October 2011 and October 2013 (MEES, 8 November) and depending on the results at Leviathan, Cypriot officials have said that date could be moved forward (MEES, 13 December). Also, the Delek Group has an option to join Noble in Block 12, which it has yet to exercise. Noble Energy was awarded th...
Volume: 53Issue: 52Published at Mon, 27 Dec 2010 -
CGES Says Prices Driven By Fundamental Factors, More OPEC Crude Needed
...ey are inside,” CGES said. “Calculations by the CGES suggest that while OECD commercial stock cover remains high, the cover provided by commercial oil inventories globally has fallen by two days since the start of 2Q10.” It said without more OPEC oil, global stock cover will continue to fall in 2011...
Volume: 53Issue: 52Published at Mon, 27 Dec 2010 -
Crude Oil Formulas/Posted Prices
...Middle East Economic Survey VOL. LIII No 52 27-Dec-2010 OIL PRICES/OPEC Crude Oil Formulas/Posted Prices ($/B) Nigeria (Dated Brent + / - Adjustment Factor; $/B) 2011 2010 Jan Dec Nov Oct Se...
Volume: 53Issue: 52Published at Mon, 27 Dec 2010 -
Dragon Oil Completes Infrastructure Upgrade On Cheleken Block
...tronas’s reserves of 150 bcm, could be available for export to Europe by 2011 if Turkmenistan and Azerbaijan reach an agreement on construction of a 200km Trans-Caspian pipeline (MEES, 29 November)....
Volume: 53Issue: 52Published at Mon, 27 Dec 2010 -
CBJ Raises Minimum Capital Requirement for Banks
...the kingdom. In an announcement made that day, the newly appointed CBJ Governor Faris Sharaf directed those banks whose capital levels did not meet the new requirements to suggest ways on how to recapitalize to reach the target levels before the end of the first quarter of 2011. The decision, th...
Volume: 53Issue: 52Published at Mon, 27 Dec 2010 -
S&P Sees Qatar’s 2022 World Cup Funded Without Significant Sovereign Debt Hike
...a lower, although still substantial, surplus in the government’s budget at above 7% of GDP in 2011-13,” Mr Marchand added. Additional moderate borrowing is possible as has already occurred via government guarantees, according to S&P....
Volume: 53Issue: 52Published at Mon, 27 Dec 2010 -
Crédit Agricole Sees Two-Speed Recovery In 2011, Favoring Oil Producers
...Middle East Economic Survey VOL. LIII No 52 27-Dec-2010 REGIONAL Crédit Agricole Sees Two-Speed Recovery In 2011, Favoring Oil Producers Most oil exporters in the MENA region will experience higher GDP growth in 2011, with oil importers likely facing declines as a result of de...
Volume: 53Issue: 52Published at Mon, 27 Dec 2010 -
Saudi Annual Inflation Rate Remains Unchanged at 5.8%, Says SAMA
...untries have begun rising again. Inflation however, is expected to remain low, and in single digits. Analysts polled by Reuters have forecast average Saudi inflation figures of 5.3% and 5.1% for 2010 and 2011 respectively – still considerably lower than the record high of 11.1% in the summer of 2008. Mo...
Volume: 53Issue: 52Published at Mon, 27 Dec 2010 -
SABIC Board Recommends Distribution Of Dividends For 2H10
...ril 2011. “The total recommended dividends to shareholders for 2010 is SR10.5bn ($2.8bn) at SR3.5 ($0.93)/share,” SABIC said in a statement on the company website. For the first half of 2010, SABIC has already approved the distribution of SR4.5bn ($1.2bn) to shareholders at SR1.5 ($0.40)/share....
Volume: 53Issue: 52Published at Mon, 27 Dec 2010 -
Iran Casts Wary Eye On Shared Field As Qatar Celebrates LNG Success
...lks stalled because of a combination of tough terms and growing concerns over sanctions against Iran. According to FGE: Phases 9-10: NIOC targets the start of production by late January 2011. It announced in October 2010 that offshore development progress in these phases is more than 99% co...
Volume: 53Issue: 51Published at Mon, 20 Dec 2010 -
Mubadala GE Capital Deploys $2Bn In Its First Year
...pital’s main thrust will be to provide financing to the private sector in the Middle East and Africa, with an initial focus on the GCC and particularly the UAE in 2011. “We see significant future demand for commercial financing opportunities – initially here in the UAE, our home market, then across th...
Volume: 53Issue: 51Published at Mon, 20 Dec 2010 -
OPEC Avoids Rocking The Boat With Seventh Straight Rollover
...onomic growth and oil demand growth as slowing in 2011, but it revised economic projections up both this year and next. Economic “growth for 2010 was revised up to 4.3% from 4.1% on better than expected growth in the manufacturing sector. Growth in 2011 has also been revised higher to 3.8% from 3.6%,” th...
Volume: 53Issue: 51Published at Mon, 20 Dec 2010 -
Shuweihat S3 Power Deal Suggests Dip In Financing Costs
...untry Starting Margins (bps)* Tenor (years) Date Completed Shuweihat S3 UAE 175 23 Closing early 2011 Barka-3/Sohar-2 Oman 220 15 Sept 2010 PP11 Saudi Ar...
Volume: 53Issue: 51Published at Mon, 20 Dec 2010 -
IEA Lifts Global Demand Forecast To 87.4Mn B/D In 2010, 88.8Mn B/D In 2011
...Middle East Economic Survey VOL. LIII No 51 20-Dec-2010 SUPPLY/DEMAND IEA Lifts Global Demand Forecast To 87.4Mn B/D In 2010, 88.8Mn B/D In 2011 The International Energy Agency (IEA) ha...
Volume: 53Issue: 51Published at Mon, 20 Dec 2010 -
Greek Branch Of South Stream Pipeline To Cost €750Mn
...s been included in the EU’s 2011-20 Development Program of the European Natural Gas Network. The inclusion of South Stream in the EU plan is considered to be a first step towards recognition of the pipeline as a Pan-European Networks Priority Project, which would make it eligible for the funding of...
Volume: 53Issue: 51Published at Mon, 20 Dec 2010 -
VTTI Seeks Expanded Operations Area At Vasiliko Terminal Site
...cember that it will begin construction at the site on 17 January 2011. It has contracted Cyprus’ Joannou & Paraskevaides (J&P) to build the facility. More than €100mn will be invested in Phase 1 development of the project. Phase 2 will expand the terminal’s capacity to 550,000 cu ms and will result in an in...
Volume: 53Issue: 51Published at Mon, 20 Dec 2010 -
Egypt Aiming To Attract E£100bn For Infrastructure PPPs
...nistry’s PPP Central Unit, Rania Zayid, as saying. “We expect this approval to come out by the end of this month so we can be in gear in January 2011,” she said. Orascom Construction Industries (OCI) won Egypt’s first PPP project in June 2009. The 20-year concession, awarded to the 50/50 Orasqualia jo...
Volume: 53Issue: 51Published at Mon, 20 Dec 2010 -
NIORDC Sees Gasoline Output Expanding
...y by start-up of the first phase of the upgrade next February and to 16mn liters/day (100,640 b/d) by the end of the next Iranian calendar year (21 March 2011 – 20 March 2012).” Mr Zeighami said that acceleration of work at the Isfahan, Tabriz, Shazand, Lavan, Abadan and Bandar Abbas refineries wi...
Volume: 53Issue: 51Published at Mon, 20 Dec 2010