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Saudis Accelerate Multi-Billion Dollar Downstream Drive
...3,000 b/d of ultra-low sulfur diesel, 6,300 tons/day of coke and 1,200 t/d of sulphur from late 2014/early 2015. Sinopec is involved in a so-far unsuccessful gas exploration joint venture in Saudi Arabia’s Empty Quarter and also partners Saudi Aramco at its 240,000 b/d Fujian refinery and petrochemical pl...
Volume: 54Issue: 01/02Published at Mon, 10 Jan 2011 -
Cyprus Agrees Details Of $6Bn LNG Supply Deal With Shell
...ll sales and purchase agreement (SPA) will take several more months. MEES understands that the Cypriot side requested the 20-year term for the deal, which will be very flexible in volume deliveries but still contain take-or-pay terms. Gas deliveries are to begin in 2014-15 and will be priced against Br...
Volume: 54Issue: 01/02Published at Mon, 10 Jan 2011 -
Noble Energy Makes Major Gas Discovery Offshore Israel With Leviathan Well
...nge between 50% and 62%. It recommended that the existing 12.5% royalty remain in place and that tax on profits range between 20% and 50%. The existing depletion allowance would be cancelled. Depreciation would be accelerated and oil and gas fields that begin production by 2014 would receive a lo...
Volume: 54Issue: 01/02Published at Mon, 10 Jan 2011 -
SEC Announces Plan To Expand Generating Capacity By 2016
...wer plants – at Rabigh, Riyadh and Qurayah – between April 2012 and April 2014, adding 5.2gw in new capacity (MEES, 4 October)....
Volume: 54Issue: 01/02Published at Mon, 10 Jan 2011