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Akenerji Awards Turbine/Generator Contract To GE
...atement released on 13 February that the deal includes a 12-year service agreement. The Egemer plant, scheduled to come into commercial operation in the third quarter of 2014, will generate 900mw, enough to meet 2.6% of Turkey’s current electricity requirements. The plant will add an incremental 1.6% to Tu...
Volume: 55Issue: 08Published at Mon, 20 Feb 2012 -
Sonatrach Delays Bidding Round As Investment Scrutiny Mounts
...shed back start-up for second phase partner BG, which should supply around 180-200mn cfd from late 2014 to early 2016, MEES understands. On 10 January, Sonatrach also announced a significant management reorganization. As well as creating four new directorates, including an ‘ethics’ directorate, th...
Volume: 54Issue: 08Published at Mon, 21 Feb 2011 -
Moody’s Downgrades Qatari LNG Company Ratings
...ffan 1 saw its instrument rating for the $800mn 8.294% amortizing senior secured bonds due 2014 downgraded to Aa3/stable from Aa2. Instrument rating for the $1.4bn 5.298% Series A senior secured amortizing bonds issued by Ras Laffan 2 and due 2020 was downgraded to Aa3/stable from Aa2. As for Ras La...
Volume: 54Issue: 08Published at Mon, 21 Feb 2011 -
DEWA Readying Launch Of IPP For 2Q11
...ich enables the IPP program to take place is being discussed in the Dubai court. The provision of a government guarantee is under consideration, MEES understands. Start-up is scheduled for 2014, which is tight but achievable, according to industry sources. This project will be gas-fired, but DEWA is...
Volume: 54Issue: 08Published at Mon, 21 Feb 2011 -
Shuweihat S3 Project Advances, Financial Close Set For 2Q11
...d commercial operation is scheduled for March 2014. All generated electricity will be purchased by ADWEA under the 25-year PPA. Of the $1.5bn project cost roughly $300mn will come from equity, 60% of which will be contributed by ADWEA, 20.4% by Sumitomo and 19.6% by KEPCO. The remaining $1.2bn wi...
Volume: 54Issue: 08Published at Mon, 21 Feb 2011 -
Shah Gas Project Expected To Commence Production In Mid-2014
...Middle East Economic Survey VOL. LIV No 8 21-Feb-2011 UAE Shah Gas Project Expected To Commence Production In Mid-2014 Production at the Shah Gas project being developed by Occidental Petroleum and the Abu Dhabi National Oil Company (ADNOC) is expected to begin by the middle of 2014...
Volume: 54Issue: 08Published at Mon, 21 Feb 2011 -
Bulgaria’s Share In Burgas-Alexandroupolis Pipeline To Be Controlled By Finance Ministry
...34mn b/d), with completion scheduled for 2014 (MEES, 11 January). Azerbaijan intends to boost gas exports to Iran to 1.2-1.5mn cmd by the end of February, Reuters reported on 12 February. The two countries signed a new gas sales and purchase agreement in January (MEES, 18 January). During 20...
Volume: 53Issue: 08Published at Mon, 22 Feb 2010 -
PDO Reports Production Increases And Four Discoveries In 2009
...2,000 b/d, in line with the company’s 540,000-560,000 b/d target. Gas production, meanwhile, increased to 410,000 boe/d from 390,000 boe/d in 2008. On the back of ongoing and new enhanced oil recovery (EOR) projects, PDO’s oil production target is likely to remain stable up to 2014, the Undersecretary of th...
Volume: 53Issue: 08Published at Mon, 22 Feb 2010