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KRG Oil Sector Pushes Ahead Amid Challenging Times
...rgeted crude production will rise to 3.3mn b/d next year from 2.75mn b/d in 2011. Baghdad is eyeing output of 4.5mn b/d in 2013 and 6.5mn b/d in 2014. The projections are considerably more than those forecast by independent analysts, which see capacity expansion schedules severely cramped by export in...
Volume: 54Issue: 13Published at Mon, 28 Mar 2011 -
Europe Must Compete With Asia To Secure LNG, Qatargas Chief Warns
...ntinues with the North Field moratorium after it completes its studies in 2014 into its depletion rate. Shell has signed a preliminary deal with Qatar to build a 1.5mn t/y monoethylene glycol plant, and is in talks to secure ethane from Pearl for the project instead of just contributing it to state-ow...
Volume: 54Issue: 13Published at Mon, 28 Mar 2011 -
KNOC Expands Upstream Presence in Kazakhstan
...mpany Sumbe from China’s Sinochem for $335mn. Sumbe operates two fields in western Kazakhstan with an expected output of 20,000 b/d up to 2014....
Volume: 54Issue: 13Published at Mon, 28 Mar 2011 -
BP CEO Meets New Egyptian Leadership To Discuss Investment
...rket. The BP statement said the first phase will recover an estimated 5 tcf of gas and associated condensate through a subsea development of five offshore fields linked to a new purpose-built onshore gas plant on Egypt’s Mediterranean coast, with first gas expected in late 2014. Last November, BP an...
Volume: 54Issue: 13Published at Mon, 28 Mar 2011 -
PDO To Prequalify Companies Shortly For $250Mn Lekhwair Gas Plant Construction
...port facilities, condensate export pipelines and a liquid surge tank. The gas plant is expected to start operating by late 2014. Over 20 companies reportedly expressed interest in the engineering, procurement and construction (EPC) contract. The tender for the project was sent out in December....
Volume: 54Issue: 13Published at Mon, 28 Mar 2011 -
Saudi Arabia Intensifies Efforts To Meet Soaring Housing Demand, BSF Says
...yadh at 325,000 units. These two regions alone are seen to account for just over 55% of new demand during the five-year period 2010-14. Under the terms of its 2010-2014 Ninth Development Plan, the government is aiming to add around 1mn units to the market by the end of 2014, still falling around 25...
Volume: 54Issue: 13Published at Mon, 28 Mar 2011 -
Shoaibi Group Forms Gas Treatment Joint Venture With Prosernat
...r field gas separation, oil desalting and gas treatment facilities. “Natural gas production is on the rise in Saudi Arabia and is expected to increase by 40% in the next four years to 4.5bn cfd in 2014,” said Khalid al-Shoaibi, Shoaibi Group Director and PNSA Chairman....
Volume: 54Issue: 13Published at Mon, 28 Mar 2011