The UAE Economic Base.
The UAE Economy Ministry on May 2 said currency pegs and high oil
and food prices were compounding inflation but warned that exchange rate
and other tools should be treated with more caution. The . . .
The Sharjah Gas Market.
Now producing 800 MCF/day of gas, Sharjah has enough reserves to
meet domestic requirements for the foreseeable future. The main E&P
operator, BP Sharjah, produces 650 MCF/day of gas and 30,000 b/d . . .
The GCC Power Grid.
The Gulf Co-operation Council (GCC) states recently invited bids
for the final phase of a project which links their electricity stations
in a single grid, following completion of the first two . . .
The Gas Market.
Demand for natural gas in the UAE has risen sharply in recent
years. Now the demand-supply gap in the UAE is 1,500 MCF/day, with
expensive liquid fuels making up for the shortfall. Khaled . . .
The Energy Consumption Pattern.
Primary energy consumption in the UAE, so far only consisting of
oil and natural gas, has risen from about 34.9 million tons per year of
oil equivalent (t/yoe) in 1993 to 52.7m t/yoe in 2005. In . . .
The Local Energy Market.
The UAE's energy consumption is growing at an average rate of
10% per annum, more than double the global growth of 4%. Growth of
Dubai's energy usage is the highest in the UAE at 15%, Abu Dhabi . . .
The Energy Base Of Dubai & Other UAE Emirates.
The UAE has one of the most dynamic economies in the Middle East.
The leading emirate, Abu Dhabi, is by far the wealthiest of the seven
union members in oil and gas as well as in money - with the . . .
Turkey - Kemal Unakitan.
The Finance Minister since the AKP came to power in late 2002,
Unakitan on May 3 outlined a multi-billion dollar public spending
programme, easing fiscal policy ahead of a new, probably much . . .
Turkey - Abdullatif Sener.
As Deputy PM for Economics, Sener has been trying to speed up the
privatisation process. He cites Margaret Thatcher, the former British
PM, as his inspiration for vowing to complete overdue . . .
Turkey - The Top Economic & Financial Decision
Makers.
AKP leader and PM Recep Tayyip Erdogan has gathered around him a
group of prominent economists and financiers acting as advisers. In his
cabinet, he has similar technocrats playing the key role . . .
Turkey - Koc-Statoil Gaz.
A 50-50 JV of Statoil of Norway and Turkey's leading
industrial group Koc, Koc-Statoil Gaz (KSG) was established in April
2004 to import and market natural gas in the country. It began the
business . . .
Turkey - Salih Pasaoglu.
The CEO Botas Int'l Ltd (BIL), Pasaoglu's firm runs the
Turkish sections of both the BTC crude oil pipeline and the Southern
Caucasus Gas Pipeline (SCGP) which pumps Shah Denis gas to . . .
TURKEY - The Private Sector.
Many local business groups are involved in the chemicals business,
from the construction of petrochemical complexes to the manufacture of a
range of basic chemical products. A large number of . . .
The Petkim Background.
The idea of establishing a petrochemical industry in Turkey was
adopted in 1962, which was the beginning of a five-year development
plan. Petrokimya Holding A.S. was established on April 3, 1965, . . .
Petkim Facilities.
Petkim has plants at Izmir, which has become a major industrial
centre in Turkey, and the nearby oil refining complex of Aliaga. The
other main complex of Petkim is at Yarimca.
The Aliaga and . . .
TURKEY - The Turkish Petrochemicals Sector.
Turkey has a diversified petrochemical sector. Private business
groups are involved in a wide range of activities in this sector.
Petrochemicals are produced both for local consumption and for . . .
TURKEY - The Local Distributors.
The Turkish market for fuels and lubricants is deregulated. Apart
from POAS' system which has two lubricant blending plants, the big
retailers in this country are foreign companies led by BP. The . . .
TURKEY - The Refineries.
There are four operating refineries in Turkey and their nominal
capacity is 619,255 b/d. They are all owned by Tupras. A fifth but old
refinery at Mersin with a capacity of 100,000 b/d was closed . . .
TURKEY - The POAS & Tupras Privatisation Issues.
The privatisation of strategic state economic enterprises (SEEs) in
Turkey as been a controversial process since the mid-1980s. In the case
of petroleum-related SEEs, the main opponent of this . . .
TURKEY - The Global Perspective.
Turkey's consumption of refined petroleum products now is
limited to about 610,000 b/d of crude oil equivalent, due to the
country's shift to natural gas and use of coal in power . . .
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