 |
WTI Crude •10 mins | 59.85 | -0.38 | -0.63% |
|
Brent Crude •10 mins | 67.46 | -0.81 | -1.19% |
 |
Natural Gas •10 mins | 2.827 | +0.002 | +0.07% |
|
Mars US •21 hours | 66.23 | +0.84 | +1.28% |
|
Opec Basket •2 days | 67.54 | +0.29 | +0.43% |
|
Urals •2 days | 65.07 | -0.53 | -0.81% |
|
Louisiana Light •2 days | 68.02 | +1.10 | +1.64% |
|
Marine •2 days | 67.67 | +0.10 | +0.15% |
|
Murban •2 days | 69.01 | +0.31 | +0.45% |
|
Iran Heavy •2 days | 60.81 | +0.82 | +1.37% |
|
Basra Light •2 days | 70.61 | +0.87 | +1.25% |
|
Saharan Blend •2 days | 68.08 | +0.99 | +1.48% |
|
Bonny Light •2 days | 69.17 | +0.99 | +1.45% |
|
Canadian Crude Index •15 mins | 49.20 | +0.14 | +0.29% |
|
Western Canadian Select •22 hours | 49.73 | +0.94 | +1.93% |
|
Canadian Condensate •27 days | 56.98 | +0.94 | +1.68% |
|
Premium Synthetic •22 hours | 60.88 | +0.94 | +1.57% |
|
Sweet Crude •22 hours | 54.98 | +1.19 | +2.21% |
|
Peace Sour •22 hours | 52.23 | +0.94 | +1.83% |
|
Louisiana Light •2 days | 68.02 | +1.10 | +1.64% |
|
Domestic Swt. @ Cushing •2 days | 56.25 | +0.75 | +1.35% |
|
Giddings •2 days | 50.00 | +0.75 | +1.52% |
|
ANS West Coast •3 days | 68.30 | +0.02 | +0.03% |
|
West Texas Sour •2 days | 53.78 | +0.80 | +1.51% |
|
Eagle Ford •2 days | 57.73 | +0.80 | +1.41% |
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Middle East to Spend $32.7 Billion on New Energy Projects this Year
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
