<rss version="0.91">
<channel>
<title>www.bi-me.com RSS feed for &#8211; Oil Gas &amp; Utilities</title>
<link>http://www.bi-me.com</link>
<description>Middle Eastern Business News and Data</description>
<language>en-us</language>
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<title><![CDATA[Saudi nominates candidate to top OPEC post]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56458</link>
<description><![CDATA[INTERNATIONAL. Move may reignite quarrel over influence in OPEC between Gulf Arab nations and Iran; OPEC secretary general post comes up in 2013.]]></description>
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<title><![CDATA[Perspective: Saudi Aramco plans to expand refining capacity over next decade]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56457</link>
<description><![CDATA[SAUDI ARABIA. According to Frost &amp; Sullivan, Saudi Aramco&#039;s growth plans are clearly aligned with the diversification objectives of the Kingdom of Saudi Arabia.]]></description>
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<title><![CDATA[OPEC output reaches 3 year high, shows survey ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56456</link>
<description><![CDATA[INTERNATIONAL. Production increased 183,000 barrels, or 0.6%, to an average 30.9 million barrels a day in January from a revised 30.717 million the prior month.]]></description>
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<title><![CDATA[Oil market outlook 2012: WTI crude oil prices expected to stay in the range of US$95-US$100 ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56451</link>
<description><![CDATA[KUWAIT. Oil prices expected to be volatile as European debt crisis remains unresolved; China to remain the main oil demand growth driver in 2012.]]></description>
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<title><![CDATA[Dana Gas Sukuk yields near record on lack of payment strategy]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56437</link>
<description><![CDATA[UAE. Dana Gas, which said yesterday 2011 profit more than tripled, didn&#039;t give investors details of how it plans to pay the sukuk. 

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<title><![CDATA[Saudi Arabia says it can cover any oil shortages]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56433</link>
<description><![CDATA[SAUDI ARABIA. Oil Minister Ali al-Naimi says can respond to shortages due to investment and rising gas output; Growing domestic demand won&#039;t crimp ability to export.]]></description>
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<title><![CDATA[Dana Gas reports fourth quarter profit jump]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56415</link>
<description><![CDATA[UAE. Dana Gas, which faces a US$1 billion sukuk maturity in October, reported sharply higher fourth-quarter and yearly profits, buoyed by an increase in production and higher oil prices.

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<title><![CDATA[National oil companies facing seismic shift in global risk landscape in 2012]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56404</link>
<description><![CDATA[INTERNATIONAL. Operating across international borders and &quot;mega catastrophe&#039; risks rank among the greatest challenges facing NOCs; Marsh conference, February 6-8 in Dubai, will address opportunities and hazards associated with global expansion and natural catastrophes. ]]></description>
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<title><![CDATA[Private investment critical to achieve universal energy access, Ban Ki-moon tells Davos Forum]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56402</link>
<description><![CDATA[INTERNATIONAL. The initiative seeks to ensure universal access to modern energy services, double the rate of improvement in energy efficiency and double the share of renewable energy in the global energy mix, all by 2030.]]></description>
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<title><![CDATA[Oil markets seen withstanding Iran attack]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56369</link>
<description><![CDATA[INTERNATIONAL. More than 70% of investors said an attack on Iran&#039;s nuclear facilities would create only a short-term disruption in oil markets, according to a quarterly Bloomberg Global Poll. 

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<title><![CDATA[Kuwait chooses Total as partner in US$9 billion China refinery]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56350</link>
<description><![CDATA[KUWAIT. Total would take part of Kuwait&#039;s 50 percent stake in the refining and chemical venture, with the Paris-based company&#039;s share &quot;still to be decided.&quot;]]></description>
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<title><![CDATA[Qatargas, Nordstream, Gasunie and Gate Terminal big winners at European Gas Conference Awards]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56353</link>
<description><![CDATA[INTERNATIONAL. Qatargas&#039; Khalid Bin Khalifa Al Thani wins coveted Executive of the Year award in Vienna.]]></description>
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<title><![CDATA[Crude oil and the impact of EU sanctions against Iran]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56315</link>
<description><![CDATA[INTERNATIONAL. Given what we know in terms of supply and demand we feel that oil prices are trading expensively but the geopolitical risk premium will stay for the foreseeable future leaving selling interest only in the hands of brave hearts.

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<title><![CDATA[Crude oil trades near US$100 on concern Iran may respond to European embargo]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56310</link>
<description><![CDATA[INTERNATIONAL. Prices were little changed today, following assurances by Saudi Arabia to keep customers adequately supplied, and signs of rising supplies in the US. 
]]></description>
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<title><![CDATA[EU agrees to slap oil embargo on Iran  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56293</link>
<description><![CDATA[INTERNATIONAL. The European Union has agreed to slap an embargo on Iran&#039;s oil exports Monday as the West ramped up pressure over the country&#039;s suspect nuclear drive.]]></description>
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<title><![CDATA[Oil and gas executives prepare to spend as industry confidence rises]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56292</link>
<description><![CDATA[INTERNATIONAL. GL Noble Denton and the Economist Intelligence Unit launch second annual report on oil and gas industry trends; The Far East (including China, Japan and Korea), eclipses South-east Asia, (including India) for growth opportunities.]]></description>
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<title><![CDATA[Fresh water in the GCC: Addressing the scarcity problem]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56284</link>
<description><![CDATA[UAE. Overconsumption of water in the GCC is a problem that can no longer be ignored, as Saudi Arabia and the United Arab Emirates respectively consume 91% and 83% more water per capita than the global average.]]></description>
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<title><![CDATA[Gulf Capital acquires 82.7% of Sakr Energy Solutions]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56278</link>
<description><![CDATA[UAE. SES is a leading provider of power generation solutions, catering to the growing need for temporary and medium term energy solutions across the Middle East, Africa and South East Asia; Investment capitalises on the increasing trend for temporary power in emerging markets.]]></description>
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<title><![CDATA[Instrata Capital acquires stake in Oman&#039;s Sembcorp Salalah IWPP]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56275</link>
<description><![CDATA[BAHRAIN. 445 Megawatt, 15 Million Imperial Gallons per Day combined cycle gas turbine power and water desalination plant located in the southern region of Salalah. 

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<title><![CDATA[Saudi to keep oil price stable, says central bank chief]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56246</link>
<description><![CDATA[SAUDI ARABIA. Fahad al-Mubarak also said he was not aware of any discussions on the idea of Saudi Arabia contributing more resources to the IMF fund. ]]></description>
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<title><![CDATA[China to aid Saudi Arabia in nuclear power development]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56239</link>
<description><![CDATA[INTERNATIONAL. Saudi Arabia signed an agreement with China for cooperation in the development and use of atomic energy for peaceful purposes.]]></description>
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<title><![CDATA[China&#039;s Wen defends oil trade with Iran]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56236</link>
<description><![CDATA[QATAR. Premier Wen Jiabao has defended China&#039;s vast oil trade with Iran as legitimate while stressing the Beijing government&#039;s opposition to Tehran acquiring nuclear weapons.

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<title><![CDATA[Dubai Mercantile Exchange trading volumes rose 19% in 2011]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56233</link>
<description><![CDATA[The DME delivered more than 145 million barrels of crude oil during 2011, led by its flagship DME Oman Crude Oil Futures contract.]]></description>
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<title><![CDATA[Schneider Electric wins prestigious Zayed Future Energy Prize]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56229</link>
<description><![CDATA[UAE. Schneider Electric was recognized for its work on clean-tech projects, which transcended beyond the company&#039;s core business. ]]></description>
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<title><![CDATA[Investment in innovation and education the key to growth, say renewables business leaders]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56225</link>
<description><![CDATA[UAE. Emerging markets showing strongest potential for growth; Technology advances will lower costs even further.]]></description>
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<title><![CDATA[Dana Gas says it will honour debt payments amid concern on US$1 billion Sukuk]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56200</link>
<description><![CDATA[UAE. &quot;Dana Gas over the last four years has timely and consistently paid, on or before the due date, the sukuk profit amount and will continue to do so pursuant with its obligations,&quot; the company said in a statement.]]></description>
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<title><![CDATA[First Solar sets new world record for CdTe Solar PV efficiency]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56193</link>
<description><![CDATA[UAE. 14.4 percent total area efficiency module confirmed by US Department of Energy&#039;s National Renewable Energy Lab. 

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<title><![CDATA[Saudi Aramco to invest US$200 billion in refining, exploration]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56186</link>
<description><![CDATA[SAUDI ARABIA. Saudi Aramco plans to build refineries in China and Indonesia as part of a US$200 billion spending program to double refining capacity and explore for oil and natural gas over the next decade.
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<title><![CDATA[Oil climbs from four-week low as Iran warns of Hormuz supply disruption]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56183</link>
<description><![CDATA[INTERNATIONAL. Oil climbed from the lowest price in almost four weeks as Iran said that a disruption to crude supplies through the Strait of Hormuz would cause a shock to markets that &#039;no country&#039; could manage. 

]]></description>
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<title><![CDATA[Saudi Arabia wants oil around US$100/bbl, says oil minister]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56182</link>
<description><![CDATA[SAUDI ARABIA. Saudi Arabia has promised repeatedly to fill any supply gap left if output from Iran or any other major producer is disrupted.]]></description>
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<title><![CDATA[Deloitte announces 30 new Middle East partners, principals and directors to address regional market growth and potential ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56180</link>
<description><![CDATA[UAE. A number of additional appointments and transfers reflect the firm&#039;s focus on addressing client needs in growth sectors in the region, including Energy, Oil &amp; Gas, Telecommunications, Technology, Hospitality and Financial Services. 

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<title><![CDATA[The Boston Consulting Group appoints new Partner and Managing Director in the Middle East ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56178</link>
<description><![CDATA[UAE. Appointment of Jake Leslie Melville announced amid Middle East growth plans. ]]></description>
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<title><![CDATA[Dubai to present its new 1,000MW solar park at WFES 2012]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56174</link>
<description><![CDATA[UAE. The new Solar Park will help generate five per cent of Dubai&#039;s electricity needs from solar power on completion.]]></description>
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<title><![CDATA[UN Secretary-General calls for action to achieve &#039;Sustainable Energy for All&#039; by 2030]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56168</link>
<description><![CDATA[UAE. The Secretary-General&#039;s objectives are to expand energy access, improve energy efficiency and increase the use of renewables, all critical elements for powering sustainable development.]]></description>
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<title><![CDATA[Saudi, Chinese oil giants seal joint refinery agreement]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56167</link>
<description><![CDATA[SAUDI ARABIA. Saudi state oil giant Aramco inked a deal with China&#039;s Sinopec to build an oil refinery in the Red Sea city of Yanbu that will process 400,000 barrels per day]]></description>
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<title><![CDATA[MENA and emerging markets represent the immediate future for renewable energy, says Ernst &amp; Young]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56150</link>
<description><![CDATA[UAE. Energy requirements, policy and job creation are the key drivers; Solar thermal energy has been a particularly popular investment with several large projects on the way in Abu Dhabi, Algeria, Jordan and Morocco.]]></description>
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<title><![CDATA[China&#039;s Wen Presses Saudi Arabia for oil access]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56155</link>
<description><![CDATA[INTERNATIONAL. Chinese Premier Wen Jiabao arrived in Saudi Arabia Saturday on the first leg of a diplomatic mission that will also take him to Qatar and the UAE.]]></description>
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<title><![CDATA[Iran warns Gulf states not to make up oil shortfall]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56149</link>
<description><![CDATA[IRAN. Iran has warned its Gulf neighbours to not make up for any shortfall in its oil exports under new Western sanctions, its OPEC representative said.]]></description>
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<title><![CDATA[Japan &#039;circumspect&#039; on Iran oil embargo]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56142</link>
<description><![CDATA[INTERNATIONAL. The Japanese government appeared Friday to be backtracking on the United States drive to strangle Iranian oil exports.]]></description>
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<title><![CDATA[Oil prices rising on economy rather than Iran, says Goldman Sachs]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56123</link>
<description><![CDATA[INTERNATIONAL. The bank sees little evidence of an Iran premium in crude and says increasing confidence that Europe&#039;s debt crisis will be contained is helping prices.]]></description>
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<title><![CDATA[Japan asks UAE, Saudi Arabia for Iran oil backup]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56089</link>
<description><![CDATA[INTERNATIONAL. Japan is considering cutting its Iranian oil purchases to secure a waiver from the new U.S. sanctions on the Islamic Republic over its disputed nuclear programme.]]></description>
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<title><![CDATA[Ban Ki-moon to launch UN&#039;s International Year of Sustainable Energy for All at World Future Energy Summit 2012 in Abu Dhabi]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56081</link>
<description><![CDATA[UAE. Secretary-General to deliver keynote address at WFES, high level statement at IRENA General Assembly.]]></description>
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<title><![CDATA[Siemens-Masdar renewable energy and sustainability partnership gains momentum]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56077</link>
<description><![CDATA[UAE. &quot;Expansion of the collaboration to include solar energy,  one opportunity that has been captured and will allow us to keep ahead of today&#039;s fast-moving technology lifecycle.&quot; ]]></description>
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<title><![CDATA[Saudi financial centre going solar with Conergy]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56071</link>
<description><![CDATA[SAUDI ARABIA. King Abdullah Financial District will install first rooftop plant in Riyadh, reflecting increased importance of sustainability.

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<title><![CDATA[Threat to Hormuz shipping seen receding]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56067</link>
<description><![CDATA[INTERNATIONAL. &quot;I don&#039;t think one can completely discount the risk because the authorities may not control all the factions...but I think that they understand the risks that they run.&quot;]]></description>
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<title><![CDATA[CME to raise stake in Dubai Mercantile Exchange]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56066</link>
<description><![CDATA[UAE. The DME plans to raise money by offering more shares to existing investors this year, Ahmad Sharaf, DME&#039;s Chairman, said while attending a conference in Abu Dhabi today.]]></description>
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<title><![CDATA[RAK Petroleum and DNO International complete merger ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56062</link>
<description><![CDATA[UAE. The transaction values RAK Petroleum&#039;s operating subsidiaries at US$250 million and DNO International at US$1.64 billion based on an independent assessment of the two companies&#039; oil and gas assets.]]></description>
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<title><![CDATA[Dubai launches new Solar Park]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56046</link>
<description><![CDATA[UAE. The Mohammed bin Rashid Al Maktoum Solar Park is the first utility-scale production capacity park of its kind in the region and a prelude to the introduction of projects using renewable energy in electricity production.]]></description>
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<title><![CDATA[Oil trades near one-week low as Morgan Stanley sees market deteriorating]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56040</link>
<description><![CDATA[INTERNATIONAL. &quot;Geopolitical risks will continue to dictate price action, but fundamentals remain bearish,&quot; Morgan Stanley&#039;s Hussein Allidina said in a report.
]]></description>
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<title><![CDATA[Iraq publishes payments from its oil exports]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56037</link>
<description><![CDATA[IRAQ. Iraq&#039;s disclosure of the figures follows the country&#039;s commitment to the EITI standard.  

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<title><![CDATA[Citadel Capital Opportunity-Specific Fund to sell 100% of Egyptian upstream oil and gas platform company]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56034</link>
<description><![CDATA[EGYPT. Cash proceeds from the sale will allow Citadel Capital to recoup additional funding it has extended to Golden Crescent over and above the firm&#039;s equity investment.]]></description>
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<title><![CDATA[Tokai Challenger set for Middle East debut at World Future Energy Summit 2012 ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56028</link>
<description><![CDATA[UAE. Car developed by Tokai University in collaboration with leading Japanese automakers; Equipped with solar cells boasting the highest level of conversion efficiency in the world.  ]]></description>
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<title><![CDATA[IEA &#039;prepared&#039; to react to any oil supply disruption]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56026</link>
<description><![CDATA[INTERNATIONAL. &quot;As no specific supply disruption is under way, we are not actively considering any action at the present time.&quot;]]></description>
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<title><![CDATA[Hormuz bypass oil pipeline delayed as Iranian tensions mount]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56024</link>
<description><![CDATA[UAE. A pipeline that would allow oil from the UAE to bypass the Strait of Hormuz separating it from Iran has been delayed because of construction difficulties, two people with knowledge of the matter said. 

]]></description>
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<title><![CDATA[Middle East can become major exporter of renewable energy, says industry expert]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56016</link>
<description><![CDATA[UAE. Middle East Electricity&#039;s Power &amp; Utilities Infrastructure Conference to address pressing issues in the regional utilities landscape.
]]></description>
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<title><![CDATA[Dubai hosts annual meeting of Arab Energy Club]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56006</link>
<description><![CDATA[UAE. The Dubai Integrated Energy Strategy 2030 seeks to reduce dependence on imported gas.]]></description>
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<title><![CDATA[Dana Gas US$1 billion sukuk yield surges to record on debt repayment risk]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55992</link>
<description><![CDATA[UAE. Islamic bonds surged to a record after the company failed to provide details on how it plans to repay US$1 billion of sukuk maturing in October.]]></description>
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<title><![CDATA[Oil prices soar to 8-month high on Iran tensions]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55986</link>
<description><![CDATA[INTERNATIONAL. Stepped-up rhetoric sent shivers through the markets worried that Iran might follow through on threats to disrupt shipping of Gulf oil through the crucial Hormuz Strait.

]]></description>
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<title><![CDATA[Analysis: Is war in the Straits of Hormuz and US$200 a barrel oil inevitable?]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55962</link>
<description><![CDATA[INTERNATIONAL. The pieces and policies for potential conflict in the Gulf are seemingly drawing inexorably together.]]></description>
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<title><![CDATA[Kuwait&#039;s budget surplus reaches US$42 billion]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55956</link>
<description><![CDATA[KUWAIT. Surplus in the first eight months of 2011-12 fiscal year double than a year ago on higher than expected oil revenue and lower spending; accounts for 33% of GDP.]]></description>
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<title><![CDATA[Dubai crude rises ahead of Saudi official selling prices]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55954</link>
<description><![CDATA[UAE. The price of Dubai crude, the benchmark grade for Middle East oil, rose US$1.74 to US$106.58 a barrel. Saudi Arabia is scheduled to release price formulas on January 5.]]></description>
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<title><![CDATA[Brent crude oil above US$109 on Iran tension]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55951</link>
<description><![CDATA[INTERNATIONAL. Military exercises in the Gulf by Iran and the movement of US naval vessels in the area raised fears of a confrontation that could cut off oil exports from the region.]]></description>
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<title><![CDATA[Ernst &amp; Young sponsors World Future Energy Summit 2012 Project Village ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55939</link>
<description><![CDATA[UAE. Project Village to showcase developments with over one Gigawatt capacity potential]]></description>
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<title><![CDATA[Iran defiant as US unleashes new sanctions  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55936</link>
<description><![CDATA[IRAN. Iran defiantly announced it had tested a new missile and made an advance in its nuclear programme after the United States unleashed extra sanctions ]]></description>
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<title><![CDATA[Brent, New York oil prices gain 13% and 8.2% respectively in volatile 2011 ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55933</link>
<description><![CDATA[INTERNATIONAL. World oil prices slid Friday, amid heightened tensions between the United States and major crude producer Iran.]]></description>
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<title><![CDATA[Iran may hurt itself most by closing Strait of Hormuz ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55917</link>
<description><![CDATA[INTERNATIONAL. All of Iran&#039;s exports and many of its imports of gasoline, food and consumer goods are shipped through the strait; crude oil accounts for nearly 80% of exports.]]></description>
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<title><![CDATA[PlanetSolar sails into the Middle East ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55916</link>
<description><![CDATA[UAE. The biggest solar ship ever built just dropped anchor in Doha where it will stay until mid-January before leaving for Abu-Dhabi as guest of honour to the World Future Energy Summit.

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<title><![CDATA[Iran would find it &#039;really easy&#039; to close key oil transit strait ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55904</link>
<description><![CDATA[IRAN. Iran&#039;s navy chief was speaking a day after Iran&#039;s vice president, Mohammad Reza Rahimi, threatened to close the strait if the West imposed more sanctions on Iran.

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<title><![CDATA[Oman&#039;s Renaissance to raise new growth capital]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55900</link>
<description><![CDATA[OMAN. The proceeds will be used to fund the company&#039;s expansion plans, primarily in the Marine business in the GCC and Caspian regions.]]></description>
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<title><![CDATA[Qatar, Abu Dhabi appeal grows for syndicated lending]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55895</link>
<description><![CDATA[UAE. &quot;Banks are looking for opportunities to fund government projects, as they are not considered a risk, so such projects shouldn&#039;t have problems getting funding.&quot;]]></description>
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<title><![CDATA[Smart Grids have strong growth potential in the GCC region]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55894</link>
<description><![CDATA[UAE. According to Frost &amp; Sullivan, the most significant challenge for the adoption of Smart Grids will be to overcome the inappropriate business models for utilities. ]]></description>
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<title><![CDATA[Saudi Arabian Light crude prices to fall 12% in 2012, says NCB]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55890</link>
<description><![CDATA[SAUDI ARABIA. Arabian Light will average US$95 a barrel next year from an average 2011 price of US$107.80, the Jeddah-based lender said.]]></description>
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<title><![CDATA[Saudi Arabia needs US$74 oil price to balance 2012 budget]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55885</link>
<description><![CDATA[SAUDI ARABIA. For Saudi oil prices to reach US$74 a barrel, the kingdom needs around US$70 a barrel for WTI and US$78 a barrel for Brent, according to a Jadwa report.]]></description>
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<item>
<title><![CDATA[Oil may rise on Middle East geopolitical tension, shows survey ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55874</link>
<description><![CDATA[INTERNATIONAL. Crude oil may rise next week on speculation that further sanctions against Iran will curb supply from the world&#039;s third-largest oil exporter.]]></description>
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<title><![CDATA[Saudi Aramco&#039;s drilling to jump 12% in 2012]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55869</link>
<description><![CDATA[SAUDI ARABIA. Aramco plans to increase its drilling-rig count by 12% next year to 145 to boost natural-gas and oil output from its Manifa field.]]></description>
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<title><![CDATA[Oil rises for fourth day as US supplies drop most in a decade]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55861</link>
<description><![CDATA[INTERNATIONAL. New York oil will average a record US$100 a barrel next year as the US averts recession, while London-traded Brent will decline from the 2011 mean.]]></description>
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<title><![CDATA[Global natural gas consumption regains momentum]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55854</link>
<description><![CDATA[INTERNATIONAL. The Middle East, which is home to some of the richest natural gas resources in the world but lacks the proper infrastructure to facilitate much domestic consumption, saw a 6.2% rise in natural gas demand.
]]></description>
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<title><![CDATA[Natural gas will play key role in lower carbon energy future, says Shell]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55849</link>
<description><![CDATA[UAE. Key industry players to meet at European Gas Conference in Vienna.]]></description>
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<title><![CDATA[US joins EU in push for Iran oil embargo ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55843</link>
<description><![CDATA[INTERNATIONAL. The US and the EU are seeking help from Arab and Asian allies to reduce Iran&#039;s oil revenues in the dispute over its nuclear program, while trying to avoid causing a surge in prices.]]></description>
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<item>
<title><![CDATA[Over US$4 billion of renewable energy projects confirmed for Project Village at World Future Energy Summit 2012]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55811</link>
<description><![CDATA[UAE.Twenty five renewable energy projects sign up for purpose-built platform bringing together owners, developers and solutions providers; another 10 are in the pipeline.

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<title><![CDATA[Abu Dhabi&#039;s TAQA secures European firms for Bergermeer gas storage]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55807</link>
<description><![CDATA[UAE. Statoil ASA, Vattenfall Energy Trading Netherlands and a third European energy company agreed with TAQA to lease a total of more than 90% of the 1 billion cubic metres (bcm) of annual storage capacity made available.]]></description>
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<item>
<title><![CDATA[Saudi petrochemical producers to be impacted by gas price revisions, says NCB Capital ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55798</link>
<description><![CDATA[SAUDI ARABIA. Leading Saudi wealth manager issues new report analysing the impact of various gas price revision scenarios.

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<title><![CDATA[Shell committed to sustainable and environmentally friendly energy future for the Middle East]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55790</link>
<description><![CDATA[UAE. The Gulf countries have an estimated 22% of global natural gas reserves, making this the ideal region to invest in.

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<title><![CDATA[OPEC oil deal puts Saudi back in charge]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55752</link>
<description><![CDATA[INTERNATIONAL. OPEC oil producers sealed their first new output agreement in three years in a deal that settles a 6-month-old argument over supply policy firmly in Saudi Arabia&#039;s favor.

]]></description>
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<title><![CDATA[IAEA urges UAE to conclude nuclear waste policy]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55746</link>
<description><![CDATA[UAE. The UN nuclear watchdog urged the UAE to quickly draw up a plan for radioactive waste management as the major oil exporter prepares to build four nuclear reactors.


]]></description>
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<item>
<title><![CDATA[World at risk of &#039;significantly higher&#039; oil price, says IEA ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55739</link>
<description><![CDATA[INTERNATIONAL. Higher oil prices  unless Middle East countries invest more in production, according to the chief economist for the International Energy Agency. 
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<title><![CDATA[Overcapacity threatens GCC petrochemicals profitability]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55733</link>
<description><![CDATA[UAE. GCC chemicals sector strong but facing challenges; regional companies must adapt to new feedstock options and changing markets, according to new AlixPartners study.

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<item>
<title><![CDATA[OPEC ready to maintain oil output target  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55727</link>
<description><![CDATA[INTERNATIONAL. The cartel&#039;s president Iran said the Organization of Petroleum Exporting Countries would reach consensus over its latest output decision.]]></description>
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<item>
<title><![CDATA[Oil surges above US$100 on speculation of Iran disruption]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55728</link>
<description><![CDATA[INTERNATIONAL. The Strait of Hormuz is a bottleneck for oil exports from the Persian Gulf. The Fed is scheduled to release a statement on monitory policy later today.]]></description>
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<title><![CDATA[Abu Dhabi sovereign fund buys Thames Water stake]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55726</link>
<description><![CDATA[UAE. Abu Dhabi Investment Authority has acquired a minority stake in the holding company that controls Thames Water from a consortium led by Macquarie Group.]]></description>
</item>
<item>
<title><![CDATA[Pakistani editorial says nuclear war with India &#039;inevitable&#039; as water dispute continues]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55695</link>
<description><![CDATA[INTERNATIONAL. What&#039;s at stake is Indian dam building in the disputed area of Kashmir. Compared with much of South Asia, Kashmir has many rivers and relatively few people.
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<title><![CDATA[GE discusses the future of gas flaring in the Middle East]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55690</link>
<description><![CDATA[UAE. The Global Gas Flaring Reduction Partnership estimates that at least 150 billion cubic meters (bcm) of gas is flared or wasted every year out of which, the Middle East and North Africa account for 50 bcm with obvious environmental consequences.

]]></description>
</item>
<item>
<title><![CDATA[Could war flare again between Iraq and Kuwait? ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55688</link>
<description><![CDATA[INTERNATIONAL. While Iraq and Kuwait are now at peace, many of the border issues that led to conflict two decades ago remain, which no amount of diplomatic bonhomie can completely paper over.

]]></description>
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<item>
<title><![CDATA[ExxonMobil&#039;s 2012 Outlook for Energy sees efficiency, developing world growth and natural gas reshaping demand through 2040]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55685</link>
<description><![CDATA[INTERNATIONAL. Demand to be about 30% higher in 2040 versus 2010 as population grows and global GDP doubles; demand in developing nations rises nearly 60%. 

]]></description>
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<item>
<title><![CDATA[Oil and gas professionals back unconventional gas]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55676</link>
<description><![CDATA[QATAR. Delegates at the 20th World Petroleum Congress believe that unconventional gas is a long-term solution, despite concerns.]]></description>
</item>
<item>
<title><![CDATA[Maersk Oil and Siemens join forces for clean power generation]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55669</link>
<description><![CDATA[INTERNATIONAL. Maersk Oil announced on Thursday that Siemens has agreed to develop and build turbines for Maersk Oil&#039;s novel TriGen clean power generation technology.

]]></description>
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<item>
<title><![CDATA[The World Energy Council scenarios envision a radically different transport sector by 2050 ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55671</link>
<description><![CDATA[QATAR. Report, presented at World Petroleum Congress in Doha, highlights role of Governments in providing a sustainable future for the global transport sector.]]></description>
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<title><![CDATA[Saudi Arabia crude production rises to highest in three decades]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55664</link>
<description><![CDATA[SAUDI ARABIA. &quot;We produced 10 million and 40 barrels in November because that&#039;s what the customers wanted,&quot; Oil Minister Ali al-Naimi said.]]></description>
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<item>
<title><![CDATA[Power generation challenges in the GCC: Immediate capacity increases and expanding sustainable power sources to meet soaring needs]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55656</link>
<description><![CDATA[UAE. A.T. Kearney analysis says improved interconnections, unbundling and faster migration to renewable sources will fill gaps in power generation.

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<title><![CDATA[World Petroleum Congress poll reveals concern over efforts to attract the next generation]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55655</link>
<description><![CDATA[QATAR. Delegates believe the oil and gas industry is not doing enough to encourage future generations to join the sector.
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