Iran Unveils Expansionary 2010-11 Budget In Uncertain Economic Conditions

Iran Unveils Expansionary 2010-11 Budget In Uncertain Economic Conditions Iran Unveils Expansionary 2010-11 Budget In Uncertain Economic Conditions

Kuwait’s National Assembly Approves $107Bn Development Plan

Kuwait’s National Assembly Approves $107Bn Development Plan Kuwait’s National Assembly Approves $107Bn Development Plan

Cold Snap Stimulates OPEC Supply Spurt

Cold Snap Stimulates OPEC Supply Spurt Cold Snap Stimulates OPEC Supply Spurt

Yemen’s Challenges Require A Comprehensive Approach

Yemen’s Challenges Require A Comprehensive Approach Yemen’s Challenges Require A Comprehensive Approach

Political Comment (8 February 2010)

Political Comment (8 February 2010) Political Comment (8 February 2010)
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Yemen’s Challenges Require A Comprehensive Approach
February 5, 2010 – 8:48 pm | Comments Off

Yemen became the focus of international attention late in 2009 when a Nigerian man, trained in the Arab Gulf country, attempted to blow up a US airliner over Detroit. A meeting called in late January …

Cold Snap Stimulates OPEC Supply Spurt
February 5, 2010 – 8:48 pm | Comments Off

Unusually cold weather in the northern hemisphere appears to have held OPEC crude supply firmer than OPEC’s own supply/demand figures would warrant, the latest MEES output data indicates. January OPEC output appears little changed from …

Kuwait’s National Assembly Approves $107Bn Development Plan
February 5, 2010 – 8:48 pm | Comments Off

Kuwait’s National Assembly approved a KD30.8bn ($107.1bn) four-year (2010-14) development plan on 2 February, raising hopes that long-stalled major energy projects can now push ahead. Surprisingly for Kuwait’s often fractious parliament, the bill was agreed …

Iran Unveils Expansionary 2010-11 Budget In Uncertain Economic Conditions
February 5, 2010 – 8:48 pm | Comments Off

Iranian President Mahmoud Ahmadinejad on 24 January presented to the Majlis (parliament) the draft budget for the Iranian year 1389 (starting on 21 March 2010) which projects a 31.8% increase in expenditures to IR3,680 trillion …

NIGC Plans $9Bn Pipelines Investment Under New Five-Year Plan
February 5, 2010 – 8:48 pm | Comments Off

Javad Oji, Managing Director of the National Iranian Gas Company (NIGC), told a press conference in Tehran on 31 January that the company plans to invest up to $9bn on the construction of high pressure …

US Senate Passes Further Sanctions Against Iran
February 5, 2010 – 8:48 pm | Comments Off

The US Senate on 28 January passed the Comprehensive Iran Sanctions, Accountability and Divestment Act. This expands the Iran Sanctions Act of 1996, “to provide for the divestment of assets in Iran by state and …

International Companies Abandon Iranian Plans
February 5, 2010 – 8:48 pm | Comments Off

Italy’s Eni, Russia’s Gazprom and Germany’s Siemens have all announced that they would abandon plans for investment in Iranian projects. Italian Prime Minister Silvio Berlusconi, on an official visit to Israel, told reporters in Tel …

Egypt’s Spending Falls, Deficit Increases On Shrinking Public Revenues
February 5, 2010 – 8:48 pm | Comments Off

Egyptian government spending fell by 6.8% in the last six months of 2009 compared to the same period in 2008, the country’s Ministry of Finance has said in a new report. Figures on the ministry …

Groundstar And KTE In Egyptian Asset Exchange
February 5, 2010 – 8:48 pm | Comments Off

Canada’s Groundstar Resources has entered into an asset exchange agreement with Karl Thomson Energy (KTE), increasing its interest to 80% in Egypt’s West Komombo (WKO) block, where it serves as operator. Groundstar will exchange its …

Apache Signs New Western Desert Exploration Agreements
February 5, 2010 – 8:48 pm | Comments Off

Egypt’s Ministry of Petroleum has signed two agreements with US oil firm Apache Corporation and state-owned Egyptian General Petroleum Corporation (EGPC), for the exploration and exploitation of hydrocarbons in Egypt’s Western Desert. Under the terms …