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GE To Supply Turbo Compressors For El-Merk Processing Plant
...th turbo compression equipment for Groupement Berkine’s El-Merk central processing facility (CPF) in Algeria, GE said on 26 April. The facility, located in the Berkine Basin, is expected to start production in late 2011, and will serve as a production hub for the region, handling hydrocarbons from Bl...
Volume: 53Issue: 18Published at Mon, 03 May 2010 -
Nabucco Launches Prequalification Process For Long Lead Items
...nsortium plans to make a final investment decision on the €7.9bn project during the fourth quarter of this year. Construction is scheduled to begin at the end of 2011 and first flow is due in 2014 with an initial throughput of 8-10 bcm/year. Full capacity of 31 bcm/y is expected to be reached in 2018. A st...
Volume: 53Issue: 18Published at Mon, 03 May 2010 -
Turkey And Azerbaijan Reach Agreement On Gas Purchase And Transit
...secure gas shipments from Iran across Turkey, Greece, Albania and the Adriatic Sea to Italy (MEES, 29 March, 22 March). Meanwhile, Russia’s Gazprom has arranged with Azerbaijan to purchase 1 bcm in 2010 and 2 bcm in 2011. The Russian monopoly has offered to purchase all Shah Deniz Stage 2 ou...
Volume: 53Issue: 18Published at Mon, 03 May 2010 -
Dragon Arranges Short-Term Crude Swap With Iran, Seeks Longer Arrangement
...second quarter 2011. Kashagan is to come on-stream in 2012-13. Germany’s E.ON Ruhrgas has submitted to Socar a plan for the modernization of the gas infrastructure in the Baku and Absheron regions of Azerbaijan. An announcement posted on Socar’s website on 27 April said the upgrading, es...
Volume: 53Issue: 18Published at Mon, 03 May 2010 -
ERC Seeks Remaining Funding For Musturud Refinery
...grading is being implemented as a lump sum turnkey (LSTK) contract. Completion is planned for 2014. It had originally been scheduled for 2011, and costs were pegged at $2.25bn (MEES, 30 June 2008). But the project financing for the refinery was slowed down by the financial crisis, and underwent al...
Volume: 53Issue: 18Published at Mon, 03 May 2010 -
Saudi Arabia Set To Become Major Player In Global Aluminum, Says NCB
...d Western Europe will take a number of years to reach pre-downturn levels. China, India and the Middle East will also account for around 97% of the 7.9mn tons/year global capacity increase anticipated in 2010 and 2011. GCC is forecast to produce 3.5mn t/y of primary aluminum by the end of 2010, re...
Volume: 53Issue: 18Published at Mon, 03 May 2010 -
Nakheel Signs Agreements With Trade Creditors
...34.4bn ($9.37bn) on 21 April, with provisioning levels for non-performing loans rising by 2.4% from February to March. The National Central Cooling Company (Tabreed), an Abu Dhabi-based, Dubai-listed refrigeration and cooling company, has meanwhile delayed its payment on an DH1.7bn ($460mn) sukuk due in 2011...
Volume: 53Issue: 18Published at Mon, 03 May 2010 -
Political Comment (3 May 2010)
...shir's National Congress Party to steer the country towards the ultimate goal of the 2005 Comprehensive Peace Agreement that ended more than 20 years of civil war, the January 2011 referendum on independence for the south of the country. Charles Snow...
Volume: 53Issue: 18Published at Mon, 03 May 2010 -
European Spot Gas Prices: A GECF Challenge
...cisions. The same circumstances will continue in 2010 and likely also in 2011. By end-2010 uncommitted LNG quantities are likely to total some 27 bcm of pipeline quality gas, a number that has been reduced by 15 bcm since the beginning of 2010 due to further delays in the start-up of some new LNG trains. Fi...
Volume: 53Issue: 18Published at Mon, 03 May 2010 -
Saudi Arabia Set For 1.55Mn B/D Capacity Surge
...have come on stream in September 2011, but MEES understands the development timetable has been extended 18 months, putting full Manifa commissioning well into 2013. Manifa output, which was earmarked to feed new high conversion refineries in the Kingdom, was to have offset declines. Saudi Ar...
Volume: 52Issue: 18Published at Mon, 04 May 2009 -
Bulgaria Signs MOU For Egyptian LNG Imports
...e import of up to 1 bcm/year of Egyptian LNG beginning in 2011-12. Mr Dimitrov told reporters: “This deal is extremely important for Bulgaria after the January crisis, as it opens possibilities for Bulgaria to import gas from Egypt. There are possibilities to import LNG through an existing te...
Volume: 52Issue: 18Published at Mon, 04 May 2009 -
Libya To Buy Verenex Within Weeks, Says Ghanem
...ocedure in Canada, do we have to establish a company, do we have to take it directly,” the Libyan official said. “But it will be ours.” Verenex has drawn up a development plan that envisages initial oil production of around 50,000 b/d when the first discoveries are brought on-stream in 2011. Co...
Volume: 52Issue: 18Published at Mon, 04 May 2009 -
Algeria To Almost Double Refining Capacity by 2013, Says Sonatrach V-P
...habilitation of our refineries by more than 20%. It means that by 2011 we will have a capacity of 24-25mn tons/year, only by the extension. And we are also moving forward with the world scale refinery in Tiaret.” Algerian domestic oil consumption has risen sharply this decade, from just below 200,000 b/d in...
Volume: 51Issue: 18Published at Mon, 05 May 2008 -
Chinese And Gulf Companies Expand In Sudan, Amid Faltering Political Progress
...dan, a census is taking place that should pave the way for general elections next year, and for the planned referendum in 2011, which would allow the people of southern Sudan to vote on independence. The potential for the CPA to unravel remains dangerously high. Dozens were killed in skirmishes near th...
Volume: 51Issue: 18Published at Mon, 05 May 2008 -
OMV’s Iran LNG Deal Sees Supply Diversification Supersede Nuclear Diplomacy
...rminal in Croatia, in which it is a shareholder. According to OMV’s current plans, the Croatian terminal should become operational in 2011-12 and Iran, with its substantial gas reserves, could be a source of supply. The Iran agreement comes just months after OMV-led Austrian joint venture EconGas si...
Volume: 50Issue: 18Published at Mon, 30 Apr 2007 -
Demand Growth Has Changed Radically, Says Fesharaki
...avy: Limited scope. Maximum annual contribution of, say, 150,000-200,000 b/d. Nothing is better than market transparency and efficiency (futures market, eg DME, cafe standards, etc). Refining Surplus But Less Crude There is a potential refining surplus looming by 2011-13. The surplus will be cr...
Volume: 50Issue: 18Published at Mon, 30 Apr 2007 -
Qatar To Focus On Optimizing Existing Projects After 2010
...ich is provisionally due for start-up in 2011. While cost is one of the more obvious hurdles for Qatar’s decision-makers, QP’s internal debate about the longer-term strategy for gas use is also beginning to make itself felt....
Volume: 49Issue: 18Published at Mon, 01 May 2006 -
Qatar Delays Start Of Three Proposed GTL Projects
...gned 70,000 2009 140,000 ExxonMobil Heads Of Agreement 154,000 2011 154,000 QP/Sasol Chevron Statement Of Intent 130,000 De...
Volume: 48Issue: 18Published at Mon, 02 May 2005