Oil Gas & Utilities

FEATURED REPORT...
Posted: 10-08-2011
INTERNATIONAL. Saudi Arabia pumped the most oil in three decades last month, reaching 9.8 million barrels a day and boosting OPEC production, the International Energy Agency said. Increased output in Angola helped replace lower supply in Libya. Daily supply from the 11 Organization of Petroleum Exporting Countries members bound by quotas rose to 27.37 million barrels a day in July from 27.22 million in June, the Paris-based IEA said today in its monthly oil market report. “Output has regained levels close to those seen before the Libyan crisis, although OPEC spare capacity now stands at
Posted: April 16, 2014
UAE. MEED's latest forecast is that new contract awards in the GCC will approach US$150 billion in the year ending 2014 compared with about US$135 billion in the previous 12 months.
Posted: April 16, 2014
Libya. The central government reached an agreement with some rebels earlier this month to open the Hariga and Zueitina oil terminals, which have combined capacity of 180,000 barrels a day.
Posted: April 15, 2014
SAUDI ARABIA. The US$200,000 challenge will be awarded to four winners at a prize of US$50,000 each, and further investments towards commercialization of the best ideas amongst all submissions will be considered.
Posted: April 15, 2014
UAE. Monthly Arabic business magazine, Saneou Al Hadath, uses mathematical approach to analyse companies listed on the Saudi stock market Tadawul
Posted: April 14, 2014
INTERNATIONAL. Investments needed to keep climate change within safe limits would shave a fraction of a percent off annual global growth, the UN said in a study on warming.
Posted: April 14, 2014
KUWAIT. Surging air conditioning demand in the hot Middle Eastern summer and a lack of domestic supply means Kuwait needs to import more gas each year to feed its power plants.
Posted: April 14, 2014
UAE. Municipal leaders across the region must re-think waste streams, and begin circling materials back into the economy instead of sending them to the landfill or incinerating them.
Posted: April 11, 2014
IRAQ. Iraq Future Energy Summit will provide an opportunity to hear experts involved with Iraq's energy sectors discuss the key issues affecting and aiding progress.
Posted: April 11, 2014
INTERNATIONAL. Down 550,000 barrels per day from February on Saudi, Iraqi and Libyan cuts, according to the latest Platts survey of OPEC and oil industry officials and analysts.
Posted: April 11, 2014
UAE. More than 60% awarded in the Construction (real estate) sector, followed by the Oil sector (21%) and the Transport sector (8%).
Posted: April 10, 2014
KUWAIT. Growth will be supported by resilient oil production, which forms the bulk of exports, on-going recovery in the non-oil sector, strong public and private investment in infrastructure projects and increasing foreign direct investment (FDI).
Posted: April 10, 2014
INTERNATIONAL. OPEC foresees gradual increases from Iraq and Iran, while Libya is capable of boosting output by as much as 1 million barrels within a month, Secretary-General Abdalla El-Badri said.
Posted: April 9, 2014
SAUDI ARABIA. Six gas turbines, three steam turbines and nine generators; Components for Rabigh 2 IPP to deliver 2,060 MW of generating capacity; Order value approximately US$590 million including service agreement.
Posted: April 9, 2014
INTERNATIONAL. But despite an expected drop in their current account surpluses, most Gulf Cooperation Council economies continue to have "substantial buffers" to cope with short-lived price shocks, the IMF said in its World Economic Outlook
Posted: April 8, 2014
INTERNATIONAL. A whirlwind first quarter for commodities is unlikely to be repeated in Q2 as a perfect cocktail of ingredients will inevitably fade; Gold has been one of the big surprises so far this year as it first found support from strong physical demand and then from geopolitical factors.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 16, 2014
INTERNATIONAL. The WGC pointed out that the Chinese bank savings amount to US$7.5 trillion but only about US$300 billionn is allocated to gold, signifying the potential for gold demand to grow as Chinese wealth climbs.
date:Posted: April 16, 2014
UAE. "A similar drop to 2013 is unlikely. Those who wanted to get out of gold did, and the rest of 2014 will probably be a year of sideways trading."
date:Posted: April 16, 2014
UAE. Apartments sector witnessed increase of 29% whilst villa rentals have grown by 15% year on year; Over the next four years roughly 65,000 new residential units penned for completion.
INTERNATIONAL. It's now up to the new government to get real shale development in motion, and for Turkey to face up to its own strategic realities and join forces with Ukraine to harness LNG potential.
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