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Egypt Banks: Moody’s Wary
...pply 150,000 tons of gasoline and diesel every month with effect from 1 March until the end of 2014, as part of the Kuwaiti grant to Egypt. Dimian Heads Finance Minister Prime Minister Ibrahim Mahlab has appointed Hani Qadri Dimian as Finance Minister, replacing Ahmad Jalal. Mr Dimian was as...
Volume: 57Issue: 09Published at Fri, 28 Feb 2014 -
Apache Hit By Egyptian Permit Delays
...eper plays a particular focus. Apache President Rodney Eichler told a conference call to mark the company’s 2012 results last week that the company expects this extensive drilling program to translate into “slightly higher” Egyptian gross output for 2013. For 2014 two new Egyptian projects ar...
Volume: 56Issue: 09Published at Fri, 01 Mar 2013 -
KRG Operators Drill On Despite Lack Of Oil Deal
...12). By contrast a genuine export breakthrough early in the year would galvanize a whole group of operators that have made commercial discoveries to fast-track development. The major production surges would only be seen in 2014 and 2015, but nevertheless, significant gains could still be made by en...
Volume: 56Issue: 09Published at Fri, 01 Mar 2013 -
UAE NGL Projects To Boost Exports, Borouge Capacity
...om Ruwais 4 will feed the Borouge 3 petrochemical plant where a planned 1.5mn t/y ethylene cracker will lift the partially state-owned firm’s total ethylene capacity to 3.6mn t/y. It is expected to be completed in 2014, in line with the Shah ultra sour gas field – which will be a source of fe...
Volume: 56Issue: 09Published at Fri, 01 Mar 2013 -
Gulf Petrochem Inaugurates Fujairah Product Storage
...pass pipeline – which is currently operating at minimal capacity – will strengthen Fujairah’s role as a global energy hub. Liquid hydrocarbons storage at Fujairah is expected to double to over 10mn cu ms by the end of 2014, from nearly 5mn cu ms at the end of 2012....
Volume: 56Issue: 09Published at Fri, 01 Mar 2013 -
Aramco Lines Up Samsung For Riyadh Clean Fuels Projects
...amco/Sinopec) Yanbu' New 400,000 b/d plant due on-stream 2014 Saudi Aramco Jazan New 400,000 b/d plant due on-stream 2016 Saudi Aramco Ras Ta...
Volume: 56Issue: 09Published at Fri, 01 Mar 2013 -
Iran Shuts Down Bushehr Nuclear Plant, Progressing Arak
...at fuel rods are ready to be transferred to the site. He said Iran will begin operating the facility in the next Iranian year (20 March 2013 – 20 March 2014). However, Washington’s Institute for Science and International Security (ISIS) maintains this schedule is not realistic (MEES, 23 November 20...
Volume: 56Issue: 09Published at Fri, 01 Mar 2013 -
GCC Aid Flows To Bahrain And Morocco
...0bn) in 2014. And Bahrain needs an oil price of $122/B for 2013 and $126/B for 2014, higher than the budget’s $90/B oil price assumption, the Undersecretary of the Bahrain Ministry of Finance, ‘Arif Khamis, said in November when the budget was first announced (MEES, 23 November 2012). Ba...
Volume: 56Issue: 09Published at Fri, 01 Mar 2013 -
Algerian Gas Faces Three Challenges
...e Galsi pipeline which was due to be built to carry gas directly to north western Italy is on hold – it was planned to be operational in 2014 but its financing is not yet decided. The decline in European need for more gas and the ample room for more throughput in the two pipelines which carry Al...
Volume: 56Issue: 09Published at Fri, 01 Mar 2013 -
Bahrain Discovers New Crudes As Gas Plans Take Shape
...eds to be reinjected to maintain reservoir pressure. It is envisaged that the increased gas contribution from Tatweer will tide Bahrain over until the proposed LNG import terminal is completed towards the end of 2014 and new gas sources are found on and offshore, said Dr Mirza, noting that NOGA is...
Volume: 55Issue: 09Published at Mon, 27 Feb 2012 -
Alnaft Says $1.5Bn Timimoun Project Set For 2014 Start-Up
...ALGERIA Alnaft Says $1.5Bn Timimoun Project Set For 2014 Start-Up Algeria’s Southwest Gas Project appears ready to take a further step forward. Sid Ali Berata, chairman of Algeria’s upstream regulator Alnaft, told the country’s state news agency APS that investment in the Total-led Ti...
Volume: 55Issue: 09Published at Mon, 27 Feb 2012 -
BP Sees North Africa As Key Exploration Area
...t to recover an estimated 5 tcf of gas and associated condensate though the subsea development of five offshore fields into a new onshore gas plant, with first gas anticipated for late 2014 (MEES, 26 July 2010). Algerian investment Of the company’s “key global projects” slated to come on st...
Volume: 55Issue: 09Published at Mon, 27 Feb 2012 -
Saudi Aramco And Pertamina Sign MOU For 300,000 B/D Java Refinery
...gineering packages are in the process of getting awarded (MEES, 1 August 2011). But an official green light for a major expansion at Petro Rabigh is still being delayed. A final investment decision (FID) was originally to have been made in late 2010/early 2011, to allow for start-up in 2014. But partner Su...
Volume: 55Issue: 09Published at Mon, 27 Feb 2012 -
Doubts Gather Over Gulf Petrochemical Plans
...own at 5% a year for the past 25 years, according to Shell. It is the main building block for the olefin petrochemicals, and is used in many key products and in particular polyethylene. But China is building plants at a faster rate and by 2014 will likely have ethylene cracking capacity roughly eq...
Volume: 54Issue: 09Published at Mon, 28 Feb 2011 -
Saudi $36Bn Support Package On Track, Vigilance Needed On Jobs
...rough 2014. Rental inflation, while halved, remains near 10% and sale prices for properties have risen quickly in the past year. The 19 orders from the king include a pledge to provide unemployed Saudis with financial support for one year and write off a series of loans, and admit all Saudi st...
Volume: 54Issue: 09Published at Mon, 28 Feb 2011 -
Siemens Awarded $1Bn-Plus Order For Ras Al-Zour Power Plant
...ntracting Company (ACC), Saudi Arabia and the Chinese Sepco III Electric Power Construction Corporation. The start of commercial operation is scheduled for early 2014. Last year, Saudi state‐owned Saline Water Conversion Corporation (SWCC) awarded a $2.44bn contract to build the 2.8gw electricity ge...
Volume: 54Issue: 09Published at Mon, 28 Feb 2011 -
IPIC And KazMunaiGaz Conduct Feasibility Study For Petrochemical Plants
...ter increase to 10 bcm/y by 2014. “This project is much needed,” Mr Masimov told a government meeting in Astana. “This winter has shown that we are vulnerable. The quicker we build it, the less we will remain dependent on external sources.” A consortium of South Korean companies led by...
Volume: 51Issue: 09Published at Mon, 03 Mar 2008