Kuwait Financial Centre “Markaz” Daily Oil &Gas Bulletin – 23 February 2012 Regional Oil & Gas Highlights Malaysia tycoon plans $2b sale of power assets - Malaysian tycoon Ananda Krishnan has put his entire power portfolio in Malaysia, South Asia, the Middle East and Egypt up for sale in a deal that could raise more than $2 billion. Standard Chartered Plc has been hired to run the sale of stakes in about a dozen power plants in Malaysia, South Asia, Egypt and the Middle East with a net generating capacity of nearly 4,000 megawatts (MW).
Select MENA Oil & Gas Stock Prices Ticker
Independent Petroleum Group Oula Fuel Co. Burgan Co. for Well Drilling Boubyan Petrochemicals Co. Saudi Basic Industries Corp. Saudi Arabian Fertilizer Co.
KWD KWD KWD KWD SAR SAR
310 270 255 580 100.5 177.25
0.00% -3.57% 0.00% -1.69% 1.26% 1.43%
N/A 24.83 34.73 11.36 10.32 10.78
PETROR YANSAB IQCD QGTS DANA TAQA
Rabigh Refining & Petrochemical Co. YANBU National Petrochemical Industries Qatar Qatar Gas Transport Co. Dana Gas Abu Dhabi National Energy Co.
SAR SAR QAR QAR AED AED
23.6 48.8 137.4 17 0.48 1.25
0.43% 1.67% 0.00% -0.23% -2.04% 1.63%
313.75 8.65 9.53 11.98 6.25 10.31
Shell Oman Marketing Co.
IPG OULAFUEL ABAR BPCC SABIC Oil prices slip on poor Eurozone data, Greek concerns - World SAFCO
oil prices dipped on Wednesday as weak economic data and fears over Greece sparked demand concerns, overshadowing geopolitical concerns surrounding key crude producer Iran. Brent North Sea crude for delivery in April fell 11 cents to $121.55 a barrel in London midday deals. New York's main contract, light sweet crude for April, lost 36 cents to $105.89 a barrel. Prices hit nine-month highs earlier this week in the run up to and after the Greek bailout announcement.
Brent could hit $127 says Goldman - Goldman Sachs said it expects Brent crude prices to rise to $127.50 a barrel over the next 12 months in order to restrain demand growth and keep it in line with available supplies. 'We see the risks to our forecasts as skewed to the upside as world oil inventories have not been building despite Saudi Arabia pumping at its highest levels in 30 years and Libyan supplies returning to the market,' analysts at the bank said.
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Abu Dhabi SE
South Korean firm to take over controversial Dead Sea oil Euro/USD 1.3245 -0.24% concession - Jordan has reached an understanding with a South USD Index ($ vs. Weighted Currencies) 79.225 0.10% Korean firm to resume oil exploration in a Dead Sea region some *All prices as of last traded day claim to be home to the country's only commercially viable oil NYMEX WTI Crude Oil Futures Forward Curve deposits. The Natural Resources Authority (NRA) and Korean firm, 110 Korea Global Petroleum Corporation, signed a memorandum of 105 understanding (MoU) on Tuesday to resume exploration activities in 100 the eastern Dead Sea/Wadi Araba region, which was vacated 95 following fallout between the government and its previous holder 90 over oil discovery claims.
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UAE’s January average oil output at 2.58m bpd - UAE’s average oil output in January was at 2.58 million barrels per day (bpd), unchanged from December, latest data from the Paris-based International Energy Agency (IEA) showed. The IEA said the OPEC crude oil supply in January largely reflected the steady ramp-up in Libyan output, as well as sustained output from Saudi Arabia and the UAE.
NYMEX Henry Hub Futures Forward Curve 8 7
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