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KOTC Planning Expansion Of Fleet With Purchase of Nine Tankers
...d four petroleum products tankers, respectively. Construction work on the vessels is expected to be completed by 2014. “With this move, KOTC will realize its strategic goal set in coordination with the Kuwait Petroleum Corporation (KPC) to enhance the KOTC fleet to include 33 tankers,” Mr Bo...
Volume: 55Issue: 05Published at Mon, 30 Jan 2012 -
IMF Marks Down Global Growth, But Keeps MENA Forecast Unchanged
...st week, the US Federal Reserve said it sees low interest rates until at least late 2014 – its previous forecast had said that rates were to remain the same until the middle of 2013. IMF Director Christine Lagarde has called for its member countries to provide a further $500bn to allow it to meet an...
Volume: 55Issue: 05Published at Mon, 30 Jan 2012 -
Kuwait’s 2011-12 Draft Budget Projects Higher Revenue And Lower Deficit
...nsion scheme. The first payment was made in 2010-11 and the last is due in 2014-15. The draft budget needs parliamentary ratification. The 2010-11 budget projected total revenue at KD9,719mn ($34,794mn), total expenditure at KD16,310mn ($58,390mn) and a deficit of KD7,562mn ($27,072mn ‒ MEES, 27 Se...
Volume: 54Issue: 05Published at Mon, 31 Jan 2011 -
OPWP Prequalifies Companies For 2GW Sur IPP
...rst phase and 1.5gw in the second phase. Prequalified companies have until 7 March to submit final bids. The winning bidder is expected to complete the first phase by the summer of 2013. Full commissioning is expected ahead of the 2014 summer peak demand, the daily reported. OPWP issued its re...
Volume: 54Issue: 05Published at Mon, 31 Jan 2011 -
EU Strengthens Southern Gas Corridor Plan With Iraq MOU
...gin initial deliveries of around 8 bcm/year in 2014. The 3,300km pipeline will have a capacity to deliver 31 bcm/y and is hoping to secure gas supplies from Azerbaijan and Iraq. Eventually supplies may come from Egypt and possibly Turkmenistan. Azerbaijan has stated it intends to supply Nabucco, pr...
Volume: 53Issue: 05Published at Mon, 01 Feb 2010 -
Gazprom To Buy 2 BCM Of Azerbaijani Gas In 2011
...purchasing as much Azerbaijani gas as possible is seen as a political move designed to pre-empt Azerbaijani gas sales to the EU-backed Nabucco gas pipeline, which is hoping to secure gas supplies from Azerbaijan’s offshore Shah Deniz contract when Stage 2 comes into operation in 2014-15. St...
Volume: 53Issue: 05Published at Mon, 01 Feb 2010 -
Erdogan Supports Qatari Gas Pipeline To Turkey
...nsideration. Other recent developments in Turkey include: Hurriyet Daily News has reported that Socar and Turcas Refining, which owns Petkim Petrokimya Holding (Petkim), is to build a 10mn tons/year refinery at the Petkim Aliaga Complex in Izmir and have it in operation by 2014. The new plant is to...
Volume: 53Issue: 05Published at Mon, 01 Feb 2010 -
Tunisia Calls For Bids To Build Two 350-500MW Power Plants
...n-operate (BOO) basis, of a combined cycle 350-500mw power plant at Bizerte in northern Tunisia. The development program envisages the power station coming on-stream in 2014, with the option of a second phase, doubling the plant’s capacity. The contract would be awarded to a private company on a 20...
Volume: 52Issue: 05Published at Mon, 02 Feb 2009 -
Syrian Official Warns Against Continued Dependence On Oil Revenue
...Middle East Economic Survey VOL. XLVIII No 5 31-January-2005 SYRIA Syrian Official Warns Against Continued Dependence On Oil Revenue Syrian economic growth will start to decline as of 2014 if the country continues to depend on oil production which has been falling in recent ye...
Volume: 48Issue: 05Published at Mon, 31 Jan 2005