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Bahrain Discovers New Crudes As Gas Plans Take Shape
...2014 (MEES, 10 October 2011). To date four wells have been drilled. Regardless of the quantities of gas ultimately discovered and produced from the deep gas reservoir, Dr Mirza stresses that the LNG terminal is needed. The purpose of LNG imports would be to smooth peak demand periods and allow in...
Volume: 55Issue: 09Published at Mon, 27 Feb 2012 -
BP In Talks For Multi-Billion Dollar Kirkuk Rescue Plan
...at 200,000 b/d from 160,000 b/d a couple of years ago. But problems installing water injection capacity will has delayed a planned push to boost Bai Hasan to 240,000 b/d. Jambur is at 55,000 b/d, slightly up on late last year (MEES, 19 September 2011). Khabbaz output of 28,0000 b/d will rise to 30...
Volume: 55Issue: 09Published at Mon, 27 Feb 2012 -
Oman Relies On Independents To Boost Crude Output By 40,000+ B/D
...bject of intense debate. PDO announced on 20 February its crude output dropped slightly to 549,280 b/din 2011from 553,000 b/d in 2010 because of strikes triggered by political unrest and flooding caused by heavy rain. PDO Managing Director Raoul Restucci said to replace output lost to depletion, PDO is...
Volume: 55Issue: 09Published at Mon, 27 Feb 2012 -
Qatari Petrochemical Projects Seek Financial Advisers For Deals Worth $5Bn
...efin derivative unit (MEES, 12 December 2011). Banking sources expect the QP/Shell project to replicate previous Qatari deals, which have tended to secure funding from multiple sources such as export credit agencies (ECAs), banks (both conventional and Islamic) and bonds. A useful template will be Qa...
Volume: 55Issue: 09Published at Mon, 27 Feb 2012 -
MENA Turmoil Continues To Batter Financial Markets
...t. After unrest in Tunisia, but prior to the Bahrain protests, King Hamad bin Isa Al Khalifa had already instructed the government to disburse BD1,000 ($2,600) to each of Bahrain’s 136,000 households, and increased social spending in excess of its 2011 budget allocation. Moody’s also placed Ba...
Volume: 54Issue: 09Published at Mon, 28 Feb 2011 -
Iran Announces Expansionary 2011-12 Budget With Oil Price Of $80/B
...Middle East Economic Survey VOL. LIV No 9 28-Feb-2011 Iran Announces Expansionary 2011-12 Budget With Oil Price Of $80/B Iranian President Mahmoud Ahmadinejad on 20 February presented to the Majlis (parliament) an expansionary draft budget for the Iranian year 1390 (starting on 21...
Volume: 54Issue: 09Published at Mon, 28 Feb 2011 -
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 -
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 -
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 -
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