Путешествия по Европе Голосов: 2 Адрес блога: http://sempreprimo.blogspot.com/ Добавлен: 2008-08-17 13:20:58 блограйдером avanti

BMI: United Arab Emirates Oil & Gas Report (Sept-11)

2011-12-23 10:47:00 (читать в оригинале)

BMI assumes that UAE real GDP rose by 1.4%% in 2010, and we expect average annual growth of3.35% in 2010-2015. We expect oil demand to rise from an estimated 682,000b/d in 2010 to 771,000b/din 2015, lagging our underlying economic assumptions. State-owned Abu Dhabi National Oil Company(ADNOC) is the biggest national oil company, working in partnership with major international oilcompanies (IOCs) to deliver 2.85mn b/d of oil and liquids production in 2010, rising to 3.02mn b/d by theend of the forecast period ? subject to OPEC quota policy. The UAE?s share of Middle Eastern oilproduction will fall from 11.53% in 2010 to 10.09% in 2015, while its share of oil consumption is set tofall slightly from 7.28% to 7.06% in the same period.Gas production should reach 62bcm by 2015, up from 51bcm in 2010. Consumption is expected to risefrom 61bcm in 2010 to 77bcm by the end of the forecast period, requiring net imports of around 15.8bcm.The UAE?s estimated share of Middle Eastern gas consumption in 2010 will have been 17.87%, while itsshare of production is put at 10.63%. By 2015, its share of gas consumption is forecast to be 18.4%, withthe country accounting for 10.2% of supply.The 2010 full-year outturn was US$77.45/bbl for OPEC crude, which delivered an average for North SeaBrent of US$80.34/bbl and for West Texas Intermediate (WTI) of US$79.61/bbl. The BMI price target ofUS$77 was reached thanks to the early onset of particularly cold weather, which drove up demand for andthe price of heating oil during the closing weeks of the year.In light of the unrest in the Middle East and North Africa (MENA) region in H111, as well as the oilsupply effects of the Libyan civil war, we have raised our benchmark OPEC Basket price forecast fromUS$80 to US$101.90/bbl for 2011 and from US$85 to US$97.50/bbl for 2012. We expect Brent toaverage US$106.00/bbl in 2011 and US$101.50/bbl in 2012. We have kept our long-term (2014-20) priceassumption of US$90/bbl (OPEC Basket) in place.The UAE no

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BMI: United Arab Emirates Infrastructure Report (Sept-11)

2011-12-23 10:47:00 (читать в оригинале)

BMI View: New data that have come to light indicate that the UAE has assumed the position of thelargest construction market in the region by industry value. While the historic and forecasted industryvalue has consequently changed, growth trends remain in place. We anticipate a moderation in growthfrom 2011 onward, and we do not forecast the double-digit growth of the construction boom years toreturn. Since 2009, Abu Dhabi has been - and we anticipate that will continue to be - the driver ofindustry value growth, accounting for the majority of construction industry value in the UAE.The construction and infrastructure market in the UAE remains stagnant, with public investments drivingactivity, and picking up some of the slack left behind from the real estate slowdown.The energy and utilities sector is perhaps the strongest performer, as industrial users ramp uptheir capacity. The most recent example at time of writing is the EPC contract awarded to SouthKorea's Samsung C&T for the construction of a US$580mn thermal power plant for EmiratesAluminium. According to BMI?s Key Projects Database, nearly US$60bn of utilities projects(including the nuclear power plant) are underway, or are planned in the UAE.The transport projects pipeline has been leaner over the previous quarter. The constructioncontract for the Etihad Railway (formerly known as the Union Railway) will be the main eventof 2011 in the sector.The Mafraq-Ghweifat highway public private partnership (PPP) hangs in the balance at time ofwriting, with reports in MEED that the government of Abu Dhabi is considering alternativeprocurement methods. This is the first PPP of its kind in the UAE, and the cancellation could bea blow for the prospects of major transport PPPs.Data and estimates on the value of projects cancelled continue to surface. Citigroup estimatesthat since the beginning of 2009 to August 2011, a total of US$170bn of projects have beencancelled and delayed in the UAE, the majority of which have be

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UAE Central Bank issues circular to banks on financial statements

2011-12-23 09:23:35 (читать в оригинале)

The Central Bank of UAE has asked all banks, finance companies, investment firms and external auditors that their financial statements should reflect their current financial position.

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Etihad Crystal Cargo announces second weekly freighter operation to Almaty

2011-12-23 09:22:24 (читать в оригинале)

The additional freighter service will commence January 8, 2012, using an Airbus A330-200F freighter with a payload of 59 metric tonnes on the route.

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UAE: AED7m hybrid OT system opens at Rashid Hospital

2011-12-23 09:14:15 (читать в оригинале)

A highly specialised hybrid operation theatre (OT) system, first of its kind in the UAE and installed at a cost of Dh7 million, was inaugurated on Wednesday at the MRI Section of Rashid Hospital.