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Baghdad Kicks Off Production Target Talks
...ghdad – the controversial al-Qush and Baeshiqa blocks that lie in disputed territory (MEES, 21 November 2011). ...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Algeria Looks To New Terms To Boost Unconventionals Investment
...ree bid rounds conducted since Algeria introduced the current hydrocarbons law (in 2008, 2009 and 2011), with only nine blocks awarded out of 36 on offer (MEES, 21 March 2011). The changes will have their limits: the rule requiring state firm Sonatrach takes a 51% stake in all contracts will st...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Iraq Spearheads OPEC Output Surge
...ril 2011 – April 2012 (MEES Estimates – '000 B/D) 2012 2011 Apr Mar Feb Jan Dec No...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Security Fears And Regional Tension Overshadow Libyan Progress
...Block C-137, which produces al-Jurf crude) and Eni (Melitah Oil’s Block NC-41) earlier said they had returned to offshore exploration. Meanwhile, Repsol plans to recommence exploration drilling on 1 November as part of what it calls its “2011-2013” exploration campaign on Murzuq Basin Bl...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
OPEC Holds Outlook Steady In A Volatile Market
...r 2011 oil demand growth are broadly unchanged at around 1.4mn b/d. A minor downgrade to projected OPEC NGL supply growth largely cancelled out a 65,000 b/d upgrade to non-OPEC supply trajectory to leave estimates for growth in the demand for OPEC crude in 2011 fairly steady from last month’s re...
Volume: 54Issue: 20Published at Mon, 16 May 2011 -
Ma'aden Seeks Financing As Saudi Petchem Giants Plan Market Approach
...llion dollar integrated aluminum project. Others will follow suit this year, hoping to take advantage of considerable domestic bank liquidity. But the $20bn Saudi Aramco/Dow petrochemical complex at Jubail II is not expected to make a move until end 2011/early 2012, and the Saudi Aramco/Sumitomo PE...
Volume: 54Issue: 20Published at Mon, 16 May 2011 -
Baghdad Eyes 600,000 B/D Of New Oil Capacity By End-2011
...e 7 March elections. The ministry has been making progress on resolving obstacles to the development of shared fields with Iran and it expects projects awarded last year to deliver around 600,000 b/d of new capacity by the end of 2011, Iraqi Deputy Minister for the Upstream ʹAbd al-Karim Laibi tells ME...
Volume: 53Issue: 20Published at Mon, 17 May 2010 -
QP Abandons Planned Al-Shaheen Refinery Project
...ipped to early 2011, MEES further learns....
Volume: 53Issue: 20Published at Mon, 17 May 2010 -
Project Finance Deals Push Ahead Despite Reduced Funding
...prove and by 2011 banks’ balance sheets will be much stronger, allowing pricing to fall....
Volume: 52Issue: 20Published at Mon, 18 May 2009 -
South Stream Gas Pipeline Plans Taking Shape, Eni Seeks Counterbalance To Gazprom
..., aren’t yet finished. The project’s pre-feasibility studies are expected in September,” he noted. Gazprom is pushing for the South Stream final investment decisions to be taken by all parties by early 2011, with a view to completing construction by 2015. The Russian firm has repeatedly said th...
Volume: 52Issue: 20Published at Mon, 18 May 2009 -
Aramco, KPC Take $30Bn Downstream Investment Plunge
...0,000 t/y of benzene and 200,000 t/y of polymer grade propylene, the partners said. Jubail start-up was initially planned for 2011. But costs soared from initial estimates of around $6.3bn, prompting a rework to the front-end design and subsequent delays. By late last year, costs indications had pushed the pr...
Volume: 51Issue: 20Published at Mon, 19 May 2008