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South Stream Technical Study Completion Expected In September-October
...nister, told Ria Novosti on 16 January that all technical work necessary to finalize the routing of the South Stream gas pipeline project would be completed by all the states involved by September-October this year, so that the construction work on the pipeline would begin in November 2010 or January 2011...
Volume: 53Issue: 04Published at Mon, 25 Jan 2010 -
Higher Commodities Prices Drive Qatari Economic Growth, Says Emirates NBD
...rengthening external demand should also lead to a recovery in the non-energy sector. Growth of Qatar’s non-hydrocarbon sector is expected to accelerate to 5% of GDP in 2010, from an estimated 2% in 2009. GDP growth should stay strong in 2011 as well, at 12.5%. Accordingly the country’s oil and gas earnings ar...
Volume: 53Issue: 04Published at Mon, 25 Jan 2010 -
Critical Year Ahead For Sudan, Chatham House Warns
...civil strife, voters in Southern Sudan will in January 2011 take a decision with far-reaching consequences for the peace and development of the whole country, Chatham House (UK’s Royal Institute of International Affairs) warned last week. In the report Decisions and Deadlines – A Critical Year fo...
Volume: 53Issue: 04Published at Mon, 25 Jan 2010 -
Abu Dhabi Lifeline To Dubai Shrinks
...kheel, which developed Dubai’s palm-shaped islands, said that it had made the $10.3mn coupon payment on a $750mn bond due in 2011. Another state-run company, Borse Dubai, also said last week it would exercise an option to extend a $2.5bn one-year loan to February 2011. Creditors are still awaiting a st...
Volume: 53Issue: 04Published at Mon, 25 Jan 2010 -
Saudi Arabia Further Revises Project Schedule
...nifa project has been more substantially delayed, with contractors asked to go away and come back with better offers. A 2011 start-up for this is now out of the question. Similarily Saudi Aramco has held up the award of some of the construction contracts for the 1.5bn cfd Karan offshore gas development in...
Volume: 52Issue: 04Published at Mon, 26 Jan 2009 -
Construction Of Citadel’s Egypt Refinery Delayed By Financial Crisis
...ecifications. Previously, this residue had been sold as heavy fuel oil for use in Egypt’s power stations, but these have been converted to gas. With capacity to produce 2.2mn tons/year of diesel and 700,000 t/y of other products, the refinery was originally expected to start up in 2011 (MEES, 29 October 20...
Volume: 52Issue: 04Published at Mon, 26 Jan 2009 -
Bahrain, Saudi Arabia Plan To Build Oil Pipeline By 2011
...Middle East Economic Survey VOL. LII No 4 26-Jan-2009 Bahrain Bahrain, Saudi Arabia Plan To Build Oil Pipeline By 2011 Long-envisaged plans to build a new oil pipeline between Saudi Arabia and Bahrain are progressing. The engineering design is expected to be completed by the en...
Volume: 52Issue: 04Published at Mon, 26 Jan 2009 -
Sudan Peace Deal Increasingly At Risk, Report Warns
...t been resolved. As a consequence of these failures, the referendum that is due to take place in 2011 is becoming the CPA’s centerpiece, and all but a few expect that the south will vote for secession, which was only regarded as a last resort when the agreement was drafted. Unequal De...
Volume: 52Issue: 04Published at Mon, 26 Jan 2009 -
Oman Faces Further Crude Oil Production Woes
...op crude production slippage turning into a rout. Shell-led Petroleum Development Oman (PDO) has dropped its target announced last year to raise crude production to 600,000 b/d by 2011. Oman’s Oil Ministry, while not happy, has accepted the downgrade, MEES learns. PDO will announce at its an...
Volume: 51Issue: 04Published at Mon, 28 Jan 2008 -
Saudi Aramco Prioritizes Karan Gas Field Development, Output Hikes Planned
...t be forging ahead with its first major non-associated offshore gas project. Karan is also, by some distance, Aramco’s largest non-associated gas project. The company is working hard to avoidan anticipated shortfall of gas in 2011-12, which will be especially evident in the summer months when po...
Volume: 51Issue: 04Published at Mon, 28 Jan 2008 -
Middle East Oil Production Held Back In 2007, North African And Caspian Output Increased
...adline for bids for the main construction packages on Saudi Aramco’s 900,000 b/d Manifa heavy oil increment, due on-stream in 2011. These are not now expected to be in until June. And the 500,000 b/d Khursaniyah project, the kingdom’s only scheduled 2007 crude increment, missed its year-end start-up ta...
Volume: 51Issue: 04Published at Mon, 28 Jan 2008 -
Iran Reports Record Balance Of Trade Surplus In 2006-07
...bsequent annual payments as per the following schedule: Year Repayments Schedule ($Bn) 1386 (2007-08) 12.389 1387 (2008-09) 2.831 1388 (2009-10) 2.078 1389 (2010-11) 1.747 1390 (2011-12) onwards 4....
Volume: 51Issue: 04Published at Mon, 28 Jan 2008 -
KOC Confirms Strategic Plans For Non-Associated Gas Development
...asasah, Hashim Hashim, Deputy Managing Director of KOC, Southern and Eastern regions, said the second phase of development would begin in mid-2008 and last until 2011, with capacity rising to 600mn cfd and 165,000 b/d of condensate, and involving the drilling of 34 additional wells. The third phase, wh...
Volume: 51Issue: 04Published at Mon, 28 Jan 2008 -
IEA Trims Oil Demand Growth Forecast Following Large US Data Revisions
...portantly, however, Angola’s production prior to OPEC membership was due to rise to 2.25mn b/d in 2009 and 2.40mn b/d in 2011 based on planned developments, net of field decline. The cartel has thus gathered into the fold one of the six main sources of likely non-OPEC growth over the coming five years. Th...
Volume: 50Issue: 04Published at Mon, 22 Jan 2007 -
Kuwait On Track To Start Northern Gas Development By End-Year
...scovery at the Umm Niga and Sabriya fields in the north of the country has been confirmed to contain 35 tcf of gas in place. As such, the phased development plan envisages initial production of 175mn cfd, rising to 600mn cfd by the end of 2011 and 1bn cfd by 2015. KOC is expected to carry out the de...
Volume: 50Issue: 04Published at Mon, 22 Jan 2007 -
Impact Of Caspian Shelf Crude Production On World A Decade Away
...heduled to begin in late 2006 and Phase 1 development is to reach a level of 8.4bcm/y by 2011. Subsequent development will increase production to 16bcm/y. Gas will be exported and delivered to Turkey and Georgia via the South Caucasus Pipeline (SCP) beginning late 2006. Later gas deliveries will ex...
Volume: 49Issue: 04Published at Mon, 23 Jan 2006