WTI Crude •10 mins	40.34	+0.52	+1.31%
Brent Crude •10 mins	42.80	+0.77	+1.83%
Natural Gas •10 mins	1.723	+0.052	+3.11%
Mars US •21 hours	40.82	+0.50	+1.24%
Opec Basket •2 days	42.66	+4.44	+11.62%
Urals •3 days	42.25	+0.80	+1.93%
Louisiana Light •2 days	41.18	+0.56	+1.38%

	Louisiana Light • 2 days	41.18	+0.56	+1.38%
	Bonny Light • 2 days	42.36	+0.74	+1.78%
	Mexican Basket • 2 days	36.43	+2.15	+6.27%
	Natural Gas • 10 mins	1.723	+0.052	+3.11%
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Marine •2 days	42.55	+0.46	+1.09%
Murban •2 days	43.01	+0.83	+1.97%
Iran Heavy •2 days	41.74	+0.49	+1.19%
Basra Light •2 days	45.41	+0.88	+1.98%
Saharan Blend •2 days	41.97	+0.59	+1.43%
Bonny Light •2 days	42.36	+0.74	+1.78%

	Bonny Light • 2 days	42.36	+0.74	+1.78%
	Girassol • 2 days	43.42	+0.39	+0.91%
	Opec Basket • 2 days	42.66	+4.44	+11.62%
OPEC Members Monthly
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Canadian Crude Index •2 days	27.36	-0.48	-1.72%
Western Canadian Select •14 hours	36.32	+0.55	+1.54%
Canadian Condensate •14 hours	38.82	+0.55	+1.44%
Premium Synthetic •14 hours	40.22	+0.55	+1.39%
Sweet Crude •14 hours	39.82	+0.55	+1.40%
Peace Sour •14 hours	34.82	+0.55	+1.60%

	Peace Sour • 14 hours	34.82	+0.55	+1.60%
	Light Sour Blend • 14 hours	35.32	+0.55	+1.58%
	Syncrude Sweet Premium • 14 hours	39.82	+0.55	+1.40%
	Central Alberta • 14 hours	34.82	+0.55	+1.60%
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Louisiana Light •2 days	41.18	+0.56	+1.38%
Domestic Swt. @ Cushing •2 days	36.25	+0.50	+1.40%
Giddings •2 days	30.00	+0.50	+1.69%
ANS West Coast •3 days	43.09	-0.25	-0.58%
West Texas Sour •2 days	33.77	+0.55	+1.66%
Eagle Ford •2 days	37.72	+0.55	+1.48%

	Eagle Ford • 2 days	37.72	+0.55	+1.48%
	Oklahoma Sweet • 2 days	36.25	+0.50	+1.40%
	Kansas Common • 2 days	30.00	+0.50	+1.69%
	Buena Vista • 2 days	44.46	+0.55	+1.25%
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Middle East to Spend $32.7 Billion on New Energy Projects this Year

By Charles Kennedy - Aug 16, 2012, 4:45 PM CDT

Ventures Middle East, a strategic business advisory company, has recently performed a study of the Middle East and concluded that in 2012 97 new power and water projects worth $32.7 billion have started construction, or will start construction before the end of the year.

The UAE has 10 energy and water projects worth a total of $1.5 billion set to begin construction this year, headed by the $740 million Noor 1 Solar Power Plant, and Phase 2 of the $580 million Emal Power Plant.

19 power and water projects will be started this year in Kuwait with a combined cost of $4.2 billion, led by the $2.7 billion Al Zour North Independent Water and Power Plant.

Saudi Arabia has approved 15 new projects for 2012 worth a total of $8.8 billion, including the $2 billion Al Qurayyah Independent Power Plant, and the $1.2 billion Shuaiba 2 Power Plant.

Other Middle Eastern Countries with energy or water projects due to begin construction this year include; Morocco, Egypt, Oman, Qatar, Jordan, Iraq, Yemen, Syria, and Bahrain.

By. Charles Kennedy of Oilprice.com

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