Kuwait Financial Centre “Markaz” Daily Oil &Gas Bulletin – 9 February 2012 Select MENA Oil & Gas Stock Prices Ticker
ALQURAIN IPG OULAFUEL ABAR BPCC SABIC SAFCO
PETROR YANSAB Saudi firm in deal to build $1bn solar project - Saudi-based IQCD Idea Polysilicon Company (IPC), a top integrated polysilicon and solar QGTS wafers firm, has signed an agreement with Germany's Centrotherm DANA Photovoltaic to help develop its SR4 billion ($1.06 billion) industrial TAQA complex in Yanbu. As per the deal, Centrotherm, a leading SOM
Iran to issue €12.5 billion in oil bonds next calendar year Iran's national budget for the next calendar year (begins on March 21) has envisaged issuing €12.5 billion in bonds for financing domestic oil projects. Five billion dollars in bonds will be also issued in the current year to speed up implementation of the South Pars gas field projects. According to Oil Minister Rostam Qasemi, Iran will also issue $15 billion in sukuk (Islamic Sharia-based) bonds in the current year to be invested in the domestic oil industry. Oil prices rise further - Crude oil prices extended gains on Wednesday as traders reacted to a forecast that global demand is set to grow and hopes for a Greek debt deal. New York's main contract, West Texas Intermediate (WTI) light sweet crude for delivery in March, jumped $1.06 to $99.47 a barrel. Brent North Sea crude for March rose 27 cents to $116.50 in London midday deals.
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
295.0 270.0 206.0 560.0 95.8 182.3
0.00% 0.00% 0.00% 0.00% 0.52% 0.14%
N/A 24.83 21.32 10.97 9.83 11.09
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
22.6 46.0 135.1 17.0 0.4 1.3
0.22% 1.55% 0.00% -0.12% 0.00% -0.79%
300.46 8.15 9.57 11.98 5.47 5.21
Shell Oman Marketing Co.
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technology and equipment provider for the photovoltaic industry, will offer the technical know-how and basic engineering design for the upcoming polysilicon and solar wafers manufacturing complex. The project will be the largest manufacturing facility in the Middle East for the production of highly-pure polysilicon with a total capacity of up to 10,000 tons per year, of which 2500 tons will be converted to solar wafers.
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Regional Oil & Gas Highlights QEWC buys stake in Jordanian power plant - Qatar Electricity & Water Co (QEWC) has agreed to buy a 23.3 per cent stake in Jordan's Amman East power plant from a Bahraini infrastructure fund, in a move by the state-owned Qatari firm to expand its international footprint. QEWC bought the stake from IDB Infrastructure Fund, a $730 million private equity fund established in 2001 and managed by EMP Bahrain, a subsidiary of EMP Global. The IDB Fund's mandate is to make investments in infrastructure projects in Islamic countries. As part of the deal, QEWC will buy IDB's 38.9 per cent interest in AES Oasis Ltd, the 60 percent owner of the holding company for AES Jordan.
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Published on Feb 8, 2012