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MEES, 09 November 2009
Baghdad Clinches Triple-Barreled 4.8Mn B/D Capacity Push

In just four days in early November Baghdad signed three upstream deals that, if realized, will boost production capacity by around 4.

 
Northern Projects Give Kuwait Cold Comfort

State-owned Kuwait Petroleum Corporation (KPC) will struggle to deliver single handedly the key projects in northern Kuwait that are earmarked to provide the bulk of the planned production capacity drive to its 4mn b/d target, a senior Kuwaiti oil industry figure warns.

 
Energy Mega-Deals Still Target Year End Close

The three multi-billion dollar energy projects currently seeking financing are still targeting completion by year-end, although it uncertain whether all of them will achieve this objective.

 
OPEC Keeps Rein On Output Despite Buoyant Prices

OPEC output edged up in October to 28.

 
Tunisia Touts Export Potential, As Gas Projects Unfold

Tunisia is positioning itself to become a gas exporter in 2012, helping to offset the gradual decline in oil production, according to state-energy firm ETAP’s Chairman Khaled Becheikh.

 
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Edition
 
 
 VOL 52 ISSUE 45 09 November 2009    Industry articles and data selected by MEES editors from independant sources. 
View full issue 

 More on zawya: Home | Oil & Gas | Power & Utilities | Equities | Money | Financial Services

ENERGY FUNDAMENTALS
WTI Moves Above $80/B Following Bullish US Data, But Then Retreats
Transport Key To Cuts In Greenhouse Gas Emissions, Says IEA
Japan’s Crude Oil Imports For September Down 18.71% Year-On-Year
Saudi Crude Prices To US Increased, Light Crudes Raised And Heavies Decreased Elsewhere
Saudi LPG Prices Boosted For November
Crude Oil Formulas/Posted Prices
ENERGY NEWS & ANALYSIS
 = UPDATE: PNG's Oil Search Strikes Gas In Yemen  Zawya Dow Jones News 05Nov
 Libya leans towards resource nationalism  Financial Times 04Nov
 SKorea firms win multi-billion-dollar UAE refinery deals  AFP 04Nov
 Marib gas power plant to begin experimental operation  Yemen Observer 04Nov
 GCC companies plan upstream investments worth $365 billion  Emirates Business 24/7 04Nov
 = 2ND UPDATE: Sinopec To Get 10M Tons/Year Crude In Sabic JV Deal  Zawya Dow Jones News 03Nov
 UAE plans nuclear investment  Financial Times 02Nov
 Iraq-Eni sign Zubair oil deal  Saudi Press Agency 02Nov
 Iraq Resumes North Oil Flow Via Pipeline To Turkey - Shipper  Zawya Dow Jones News 02Nov
 Bahrain To Boost Refinery Capacity At Sitra Oil Field - MEED  Zawya Dow Jones News 01Nov
 OPEC Data
OBP-
 Reference Basket $/bbl      77.45  05Nov09   
 Total Oil Production b/d   7,939  Sep08   
 ICE Futures
 Brent $/bbl   78.29  07Nov06:50   
 Gas Oil $/MT   641.25  07Nov06:50   
 NYMEX Futures
 WTI $/bbl   79.92  07Nov06:50   
 Fuel Oil No.2 ¢/gal   206.18  07Nov06:50   
 Unleaded ¢/gal   198.90  07Nov05:50   
 Propane ¢/gal   98.69  20Sep21:50   
 Nat Gas $/MMBtu   4.82  07Nov05:50   


NEWS BY COUNTRY
Algeria’s Energy Minister Laments ‘Unjust’ Gas Prices, Calls For Gas OPEC
GIB Issues First Saudi-Denominated Bond
No Role For Iran In Nabucco, Says RWE 
Nabucco Begins Dialogue With Lenders, Says Mitschek
Dragon Oil Seen Accepting ENOC Share Purchase Offer
Gazprom Replaces StatoilHydro In Azar Field Development
Iran To Establish ‘Energy Bank’
Iraqi Oil Revenues Have Recovered From February Lows
Morocco To Increase Public Expenditure For 2010
EIB Awards New Loan For Moroccan Infrastructure Developments
FINANCIAL NEWS & ANALYSIS
 Tunisian exports to Arab and African countries soar by 19,5%  Tunisia Online News 06Nov
 Moody's confirms the A1 ratings of the notes issued by Thor Asset Purchase Company Limited  Press Release 05Nov
 Electricite Du Liban Sees '10 Deficit At LBP2.12 Tln - Report  Zawya Dow Jones News 05Nov
 International Finance Corporation lists its first Sukuk on NASDAQ Dubai  Press Release 04Nov
 Syria Fin Min: Govt Has No Plans To Impose New Taxes - Report  Zawya Dow Jones News 04Nov
 Moody's downgrades various Dubai corporate ratings  Press Release 04Nov
 GIB debuts Saudi riyal bonds in Bahrain  The Saudi Gazette 04Nov
 Syria To Get EUR70M From Germany To Fund Devt Projs - Report  Zawya Dow Jones News 04Nov
 Saudi foreign assets decline by SR225bn  Emirates Business 24/7 04Nov
 Qatari Emir: Economy To Grow 9% In 2009, 16% Next Year - QNA  Zawya Dow Jones News 03Nov
 The Markets
 Abu Dhabi SE 2,920.14 - 1.04% 05Nov10:05
 Amman SE 2,552.41 - 0.31% 05Nov11:15
 Bahrain SE 1,507.26 + 0.09% 05Nov09:38
 Casa All 10,651.87 - 0.71% 05Nov15:59
 Damascus SE 0.00 0.00% 05Nov11:10
 Dubai FM 2,097.63 - 1.88% 05Nov10:04
 Egypt SE 6,551.65 - 1.52% 05Nov12:52
 Kuwait SE 7,334.10 + 0.06% 05Nov09:36
 MSCI Lebanon 1,176.64 + 2.58% 06Nov22:00
 Muscat SM 6,333.07 - 0.06% 05Nov09:03
 Nasdaq Dubai 0.00 0.00% 05Nov13:20
 Qatar SE 6,953.34 - 0.06% 05Nov09:37
 Saudi SE 6,350.89 + 0.12% 07Nov16:05
 Tunis SE 4,061.30 + 0.40% 06Nov16:56
 Major Currencies per USD
 Euros *    0.6738  07Nov01:15
 Pound Sterling *    0.6020  07Nov01:15
 Japanese Yen    89.8850  06Nov22:15
Expressed as 'bid' price per USD except*
 Precious Metals in USD
 Silver per Troy Oz  17.40 17.40 07Nov01:50
 Gold per Troy Oz  1097.50 1097.50 07Nov01:20
Expressed as 'bid/ask' prices
 Company Search
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POLITICAL COMMENT
Political Comment (9 November 2009)
POLITICAL NEWS & ANALYSIS
 Arab League chief asks Abbas to run in election  AFP 06Nov
 Saudi soldier killed as Yemen fighting spills over border  AFP 04Nov


OP ED & DOCUMENTS
The Rush For Oil: Iraq’s Oil Capacity Potential And Regional Geopolitics
 
 VOL 52 ISSUE 45 09 November 2009 
 
 
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