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Algeria Set To Launch Seventh Bid Round In Upstream Gas Push
...ich is now expected in late 2011, three years later than originally thought, an Anadarko spokesman told MEES: “Given the licence [problems] with Sonatrach and trying to recoup money from the excess profits tax, that’s bound to have an impact on the timing of the project.” Another reason for the de...
Volume: 51Issue: 03Published at Mon, 21 Jan 2008 -
Agip KCO Partners Cede Ground To Kazakh Government In End To Kashagan Dispute
...r its share increase after the field comes into production – now set for late 2011. Analysts have put the value of the shares that KMG will receive close to $3bn. The MOU calls for consortium members to pay additional royalties once production begins that may amount to more than $4.5bn, de...
Volume: 51Issue: 03Published at Mon, 21 Jan 2008 -
Hints Of Progress On Third Anniversary Of Sudan’s Fragile Peace Agreement
...dicate that the SAF troops completed their withdrawal shortly before the gathering in Wau. Sudan’s First Vice President Salva Kiir, who heads the GoSS, also attended the celebrations. Referring to the referendum on unity that is due to take place in 2011, SUNA quoted Mr Kiir saying that the option fo...
Volume: 51Issue: 03Published at Mon, 21 Jan 2008 -
Iran Petroleum Crisis Claims “Fundamentally Unsound”, Says Fesharaki
...port decline rate as the sum of its rates of reservoir depletion and domestic demand growth, and calculates this as 10-12%. He observes: “Even if a relatively optimistic schedule of future capacity addition is met, the ratio of 2011 to 2006 exports will be only 0.40-0.52. A more probable scenario is...
Volume: 50Issue: 03Published at Mon, 15 Jan 2007 -
NIORDC Lines Up Essar And Star Petrogas For New Refinery JVs
...ant on-line in 2011. It will process heavy crudes including Soroush and Nowruz, freeing up lighter grades for export. Meanwhile, NIORDC is also holding talks with Indonesia’s Star Petrogas regarding a 50% equity interest in a 360,000 b/d condensate refinery joint venture, also to be built at Bandar Ab...
Volume: 50Issue: 03Published at Mon, 15 Jan 2007 -
Ras Laffan Port Expansion Plans Sees Up To 10 Berths For LNG, Other Liquids
...rt would be handling up to 3,000 ships per year for the export of LNG and other liquids. “With six new LNG trains being built to boost exports to 77mn tons/year by 2011, the port is now undergoing an extensive reconstruction program to handle the increased volume of LNG and associated liquid pr...
Volume: 50Issue: 03Published at Mon, 15 Jan 2007 -
UAE Unveils $7.7Bn Balanced Budget For 2007
...Khurbash pointed out that this year’s budget was more coordinated than in previous years and defined implementation methods for projects from 2007 to 2011 under new procedures which come into effect this year. Allocations for current expenditure include Dh7.110bn ($1.94bn – 33% of the total) fo...
Volume: 50Issue: 03Published at Mon, 15 Jan 2007