Middle East - News, Trends, Middle East Links
India more dependent on mid east than china for oil
Pipelines from Russia and Kazakhstan to China expected completed by 2012 and 2015 are threatening to reduce some of China?s dependence on Gulf oil. Also some oil from Venezuela, west Africa etc. into China. India, being geographically closer to the Middle East and with fewer other sources to bank on compared to China, may be forced to depend on oil from the Gulf. - Read More
Tags : India china oil oil india oil china
Topics : Oil and Gas Oil
Property investors look for sustainability says Dubai builder
According to a recent survey conducted by Dubai?s master developer Nakheel, the key deciding factor when investors consider the purchase of a property is now the unit?s and development?s green credentials. The survey found that sustainability and how environmentally-friendly a property is tops other factors that were previously believed to have been higher priorities, such as reliability of the developer, location and prestige. - Read More
Tags : sustainability green homes dubai
Topics : Constructions
Iraq's oil reserves
Iraq sits atop a sea of 115 billion barrels of oil, the largest reserves in the world after Saudi Arabia and Iran...no wonder, the oil majors are itching to "invade" Iraq - Read More
Tags : iraq oil reserves oil
Topics : Oil Oil and Gas
Iran's Oil Woes
Iran has a surprising weakness:Its oil and gas industry, the lifeblood of its economy, is showing serious signs of distress. As domestic energy consumption skyrockets, Iran is struggling to produce enough oil and gas for export. Unless Tehran overhauls its policies, its primary source of revenue and the basis of its geopolitical muscle could start to wane. Within a decade, says Saad Rahim, an analyst at Washington consultancy PFC Energy, "Iran's net crude exports could fall to zero." - Dec 2006 - Read More
Topics : Oil Oil and Gas
S Arabia and gulf countries could become zero net exporters by 2030
According to Financial Sense (Jan 2008) and other sources, Saudi Arabia will approach zero net exports in 2031, within a range of 2024 to 2037. Other top exporters (Russia, Norway, Iran, and UAE) are in a similar range. - Read More
Tags : saudi arabia oil economies oil
Topics : Oil and Gas Oil
Kuwait should start looking at non-oil sources of income
IF Kuwait does not depart from its dependence on the oil sector, an alternative source of energy - the global search for which has been intensified following recent volatility in oil prices - could suddenly upend our economies. Kuwaiti economist Amer Tameemi, was talking to the Arab Times, trying to shake the country’s political leadership to notice the disturbing writing on the wall before it’s too late. - Read More
Tags : kuwait oil economies oil