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Doubts Gather Over Gulf Petrochemical Plans
...mand for ethane-based feedstock will come from QAPCO’s 700,000 t/y low density polyethylene (LDPE) plant, due to start up at the end of 2011. By 2015 Qatar expects to have on stream two new major sources of ethane. Shell’s $18-19bn, 140,000 b/d capacity Pearl gas-to-liquids (GTL) plant will al...
Volume: 54Issue: 09Published at Mon, 28 Feb 2011 -
WTI Climbs Through Week, Brent Nears $120/B As Libya Violence Dominates Market
...l continues through 2011 it will create the same level of crisis as in 2008. But he added: “Our message to the market is: don’t panic. OPEC has spare capacity of 5mn b/d, unlike 2008 when it was only 2mn b/d.” The following day, while still in Riyadh, Mr Tanaka said the IEA would rely on OPEC to me...
Volume: 54Issue: 09Published at Mon, 28 Feb 2011 -
CGES Reiterates Need For Higher OPEC Output, Says Market Out Of Balance
...s always been slower to act to stop prices from rising than it has been to prevent them failing.” CGES Global Supply/Demand Balance (Mn B/D) 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 2009 2010 2011 World Oil De...
Volume: 54Issue: 09Published at Mon, 28 Feb 2011 -
Crude Oil Formulas/Posted Prices
...Middle East Economic Survey VOL. LIV No 9 28-Feb-2011 Crude Oil Formulas/Posted Prices ($/B) Algeria (Dated Brent + / - Adjustment Factor; $/B) 2011 2010 Mar Feb Jan Dec No...
Volume: 54Issue: 09Published at Mon, 28 Feb 2011 -
Gazprom Expects South Stream Pipeline Completion In 2015
...nsortium, which has been pending since June 2010. Mr Miller said that he was confident of the French company’s participation and expected the final documents to be signed “by late 2011.” In an interview published last week by European Energy Review, South Stream CEO Marcel Kramer said: “To me that is al...
Volume: 54Issue: 09Published at Mon, 28 Feb 2011 -
Egypt Stock Market Stays Shut As MENA Stocks Tumble
...ar, but now has been extended until the end of calendar 2011. This is to ensure supply of vital food stuffs – to avoid shortages and to avoid inflationary pressures, commented Mr Rahmy....
Volume: 54Issue: 09Published at Mon, 28 Feb 2011 -
Regional Unrest Spreads, Concerns Raised Over Saudi Arabia
...ipping manager at Yemen LNG, as saying. Overall Yemen LNG sales to Asia in 2011 should rise to 57 cargoes from 43 cargoes last year with 44 going to South Korea, Mr Cave added. Oman’s Peaceful Protest About 300 people in Muscat demanded political reforms and better pay in a peaceful protest in Om...
Volume: 54Issue: 09Published at Mon, 28 Feb 2011 -
Political Comment (28 February 2011)
...Middle East Economic Survey VOL. LIV No 9 28-Feb-2011 Political Comment (28 February 2011) The internet intifada has reached Libya, where by the end of the week Col Qadhafi was defiantly fighting a rearguard action against a violent uprising. The Americans have taken the lead in tr...
Volume: 54Issue: 09Published at Mon, 28 Feb 2011 -
Petrochemicals Hub Planned For Egypt’s 'Ain Sukhna
...nancing (advised by Royal Bank of Scotland) is expected to reach financial close this year, with startup of the facility planned for 2013, while the other two (advised by HSBC) will seek financing in 2011 or 2012, and start operating three years later. While the projects will initially focus on ex...
Volume: 53Issue: 09Published at Mon, 01 Mar 2010 -
Sonatrach Plans To Expand Refining Capacity To 40Mn Tons/Year By 2016
...erations, including current projects such as LNG plants in Arzew and Skida,” the CEO said. Algeria has four refineries and is planning to build a new 300,000 b/d capacity refinery at Tiaret. This was originally intended to be brought on-stream in 2011 (MEES, 26 October 2009)....
Volume: 53Issue: 09Published at Mon, 01 Mar 2010 -
Sonatrach Signs Gas Sales Agreement With Orascom, Despite Supply Concerns
...ailability of natural gas feedstock. State-owned energy firm Sonatrach last week signed a 20-year sales-purchase contract with Egypt’s Orascom Construction Industries (OCI) to supply 1.7 bcm/year of gas to the ammonia/urea plant that the two companies are developing there from 2011. The plant will have a pr...
Volume: 52Issue: 09Published at Mon, 02 Mar 2009 -
Juba Government Facing Serious Financial Difficulties As Oil Revenues Dwindle
...artoum have been too preoccupied with sharing the country’s oil rent, and are principally using the revenue to build up arms, ahead of a proposed referendum on independence for the south in 2011, and at the expense of economic development and national stability. The report estimated that as much as 60...
Volume: 52Issue: 09Published at Mon, 02 Mar 2009 -
North Africa Struggles To Meet Soaring Power Demand
...pected to be ready in November 2011 and to cost around $1.6bn (MEES, 21 January), and phase two of the North Cairo power station, which was completed in October 2007 and doubled the plant’s capacity to 1,500mw. High Hopes For Renewables At the inauguration of the North Cairo plant’s expansion last ye...
Volume: 51Issue: 09Published at Mon, 03 Mar 2008 -
IPIC And KazMunaiGaz Conduct Feasibility Study For Petrochemical Plants
...e hydrocarbon production areas in the west of the country to the populated south, which is dependent upon gas imports from Uzbekistan. The project is estimated to cost $3.8bn and cover 1,500km. The pipeline is scheduled to start operation in 2011 with a capacity of 5 bcm/year, which will la...
Volume: 51Issue: 09Published at Mon, 03 Mar 2008 -
China Starts Construction Of Second West-East Gas Pipeline
...signed for a maximum pressure of 12 mpa. The pipeline will ensure stable gas delivery for more than 30 years, CNPC said. The Horgos-Zhongwei and Zhongwei-Jingbian sections are to be in operation by end-2009, and the Zhongwei-Guangzhou and Wongyuan-Shenzhen sections by June 2011. The entire pipeline is...
Volume: 51Issue: 09Published at Mon, 03 Mar 2008 -
Second Gas Well At Shah Deniz Ready For Operation
...date of 2011-12 was missed the pipeline would reach a maximum capacity of 30 bcm/y by 2018-19 as planned. The Nabucco consortium is also looking for an additional European partner to help finance the $5.5bn project. German Chancellor Angela Merkel on 14 February visited Ba...
Volume: 50Issue: 09Published at Mon, 26 Feb 2007 -
Qatar Reiterates Hold On New Gas Commitments As Price Pressures Increase
...ports hit 77mn tons/year in 2011. He also emphasized Qatar’s commitment to diversification – which has led to pipeline gas supplies to neighboring GCC countries through the Dolphin project and three major GTL projects which will produce 300,000 b/d by 2010, as well as gas use in downstream industry, po...
Volume: 49Issue: 09Published at Mon, 27 Feb 2006