 |
WTI Crude •10 mins | 58.89 | +0.13 | +0.22% |
 |
Brent Crude •26 mins | 63.72 | -0.62 | -0.96% |
|
Natural Gas •10 mins | 2.266 | +0.023 | +1.03% |
|
Mars US •1 hour | 59.06 | +0.02 | +0.03% |
|
Opec Basket •2 days | 65.66 | +0.09 | +0.14% |
|
Urals •17 hours | 54.95 | -5.20 | -8.65% |
|
Louisiana Light •2 days | 62.82 | +0.23 | +0.37% |
|
Marine •17 hours | 64.02 | -0.03 | -0.05% |
|
Murban •17 hours | 66.35 | -0.25 | -0.38% |
|
Iran Heavy •17 hours | 55.24 | -1.02 | -1.81% |
|
Basra Light •17 hours | 68.36 | -0.94 | -1.36% |
|
Saharan Blend •17 hours | 65.93 | -0.62 | -0.93% |
|
Bonny Light •17 hours | 64.56 | -1.13 | -1.72% |
|
Canadian Crude Index •15 mins | 39.18 | +0.00 | +0.00% |
|
Western Canadian Select •23 hours | 38.64 | -0.48 | -1.23% |
|
Canadian Condensate •113 days | 53.24 | +0.22 | +0.41% |
|
Premium Synthetic •103 days | 59.64 | +0.22 | +0.37% |
|
Sweet Crude •23 hours | 52.74 | +0.07 | +0.13% |
|
Peace Sour •23 hours | 50.24 | -0.28 | -0.55% |
|
Louisiana Light •2 days | 62.82 | +0.23 | +0.37% |
|
Domestic Swt. @ Cushing •17 hours | 55.25 | -0.50 | -0.90% |
|
Giddings •17 hours | 49.00 | -0.50 | -1.01% |
|
ANS West Coast •90 days | 66.60 | +0.38 | +0.57% |
|
West Texas Sour •17 hours | 52.71 | -0.48 | -0.90% |
|
Eagle Ford •17 hours | 56.66 | -0.48 | -0.84% |
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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
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