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South Pars Reservoir Faces Challenges
...d Venezuela’s PDVSA (10%), which are providing $1bn. POGC says the project is 71% completed offshore and 27% onshore and first production will start in 2012. It is unlikely, however, that the contractor will be able to complete the onshore facilities before 2014. In anticipation of gas being pr...
Volume: 55Issue: 03Published at Mon, 16 Jan 2012 -
Tamar Partners Sign Gas Sales Contracts
...ars if all volumes provided for in the agreement have not been consumed. Supply is expected to begin during the second half of 2014. The Tamar partners on 9 December signed 16-year supply agreements with Ramat Negev Energy and Ashdod Energy, both of which are owned 58% by Edeltech and 42% by Zo...
Volume: 55Issue: 03Published at Mon, 16 Jan 2012 -
Noble To Resume Work On Leviathan-1 Well In Search Of Crude
...2bn and with deliveries scheduled to begin in 2014. GGR Plans Myra And Sarah Wells To Start Late February GeoGlobal Resources has confirmed to MEES that drilling will begin in Israel’s offshore Myra Block in late February using the Homer Ferrington rig. GGR will be targeting a gas prospect in th...
Volume: 55Issue: 03Published at Mon, 16 Jan 2012 -
China Hedges Bets As South Sudan Votes On Independence
...ploration in March and a consortium led by Luxembourg’s Star Petroleum will start exploring Block E. “We estimate that these two blocks have huge reserves which could allow us to add three times the current production to reach maybe 2mn b/d in around 2014 to 2015,” he said, according to AFP. Total sp...
Volume: 54Issue: 03Published at Mon, 17 Jan 2011 -
Unrest Sweeps North Africa
...esident Ben Ali called the ongoing nationwide protests “acts of terrorism” and blamed “foreign parties” during a speech on national television. However, on 13 January Mr Ben Ali announced on state television that he would not seek a sixth term in office when his current one ends in 2014. Following the an...
Volume: 54Issue: 03Published at Mon, 17 Jan 2011 -
Utenov: Kazakstan’s Strategic Oil Exports Outlook
...ich comes in approximately 2018-19 according to the group of six companies’ estimate. Before the start of oil production under the framework of Kashagan Phase 2 development, the capacity of the existing export systems with full extension of the CPC oil pipeline by the end of 2014 will be enough to ex...
Volume: 54Issue: 03Published at Mon, 17 Jan 2011 -
Abu Dhabi Renews Cosmo Concessions
...nuary 2014 (MEES, 22 February 2010). The Cosmo renewal is the emirate’s second. ADNOC’s onshore gas division, GASCO, (ADNOC 68%, Shell 15%, Total 15%, and Portugal’s Partex 2%) had its concession renewed in March 2009, six months after it had expired. It was post dated to October 2008 and will ex...
Volume: 54Issue: 03Published at Mon, 17 Jan 2011 -
Political Comment (17 January 2011)
...Middle East Economic Survey VOL. LIV No 3 17-Jan-2011 POLITICAL COMMENT Political Comment (17 January 2011) Tunisian President Zine al-Abidine Ben Ali has responded to violent unrest in the country by announcing that he will not run for reelection in 2014. Lebanon's na...
Volume: 54Issue: 03Published at Mon, 17 Jan 2011 -
Azerbaijan Plans Gas Production Boost, More Exports In 2010
...sfield, which is nearing Stage 1 completion and producing 22-23mn cmd (8-8.4 bcm/y). Stage 2 development is expected to be completed in around 2014 and result in output doubling to 16 bcm/y. Shah Deniz reserves are estimated at 1.2 tcm. The EU and US backed Nabucco Gas Pipeline project is keen to se...
Volume: 53Issue: 03Published at Mon, 18 Jan 2010 -
Naftogaz Default Threat Warning By Ukraine Energy Official
...oject be completed in 2014 (MEES, 11 January). Throughput is expected to remain at current rate until the expansion is complete. Turkmenistan resumed gas supplies to Russia on 9 January at a rate of 10 bcm/year following a meeting in late December between Turkmen President Gurbanguli Be...
Volume: 53Issue: 03Published at Mon, 18 Jan 2010 -
SEC Continues To Evaluate Bids For Riyadh PP11 IPP
...ficial launch to potential developers mid-year. This would become operational in 2014 and produce 2gw. This month SEC awarded an SR1.08bn ($288mn) contract to Arabian Bemco Contracting Company to expand a plant in Qassim, an agricultural region in the center of Saudi Arabia, said state news agency SP...
Volume: 53Issue: 03Published at Mon, 18 Jan 2010 -
Iraq’s TSC And PSC Agreements – A Good Deal For Iraq?
...reach production parity with Iran around 2014. After that, OPEC constraints are likely to peg Iraq’s production to that of Iran until 2019 or 2018 in the most likely or high cases for ‘call-on-OPEC’ respectively. Therefore, the call on Iraq’s crude oil production is forecast to be limited to 4-...
Volume: 53Issue: 03Published at Mon, 18 Jan 2010 -
Iran Petroleum Crisis Claims “Fundamentally Unsound”, Says Fesharaki
...that, absent some change in Iranian policy, this ratio will be 0.33-0.46, with exports declining to zero by 2014-15. Energy subsidies, hostility to foreign investment, and inefficiencies in its state-planned economy underlie Iran’s problem.” Mr Stern adds that the export decline rate estimate is...
Volume: 50Issue: 03Published at Mon, 15 Jan 2007 -
S&P Affirms Qatar’s RasGas Credit Ratings
...VOL. XLVII No 03 19-January-2004 RATINGS S&P Affirms Qatar’s RasGas Credit Ratings Ratings agency Standard and Poor’s (S&P) on 6 January affirmed its BBB+ rating for Ras Laffan Liquified Natural Gas Company’s (RasGas) $800mn bonds (priced at 8.29%) which fall due on 15 March 2014, an...
Volume: 47Issue: 03Published at Mon, 19 Jan 2004