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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 -
EIA Marks Up 2010 Oil Demand Growth To 1.6Mn B/D, Based On Economic Recovery (9)
...its latest Short-Term Energy Outlook, released on 11 May. The agency forecast world oil consumption to grow by 1.6mn b/d in 2010, up from 1.5mn b/d in last month’s forecast, and by 1.6mn b/d in 2011, unchanged from the April report. “The revision for 2010 follows an update of EIA’s assumptions fr...
Volume: 53Issue: 20Published at Mon, 17 May 2010 -
Sonatrach Faces Gas Challenge Amid Leadership Transition
...untry, border areas with Mali and Niger and offshore Beja'a, Annaba and Mustaghanem. With the north and southwest, “we are hoping by 2011-12 that we should have enough data to make it very attractive for bidding,” Dr Khelil said. New Guard Dr Khelil poured cold water on suggestions made in the Algerian pr...
Volume: 53Issue: 20Published at Mon, 17 May 2010 -
Dragon Oil Awards Platform Contracts For Turkmen Offshore Cheleken Area
...g. The platform will be installed in the Lam field with the capacity to handle eight wells. It is due for completion in the fourth quarter 2011. Dragon did not report the value of the contracts but said that it expects to spend around $250mn in 2010 and around $600-700mn in total on infrastructure pr...
Volume: 53Issue: 20Published at Mon, 17 May 2010 -
Aegean Energy Farms Into West Kom Ombo Block
...E holds the remaining 10% interest in the 31,520 sq km block, which has drilling prospects that could potentially hold an estimated 570mn barrels in recoverable reserves. Aegean’s working commitment will include the drilling of two exploration wells by mid-September 2011....
Volume: 53Issue: 20Published at Mon, 17 May 2010 -
Mirkazemi Says Iran Aims To Complete South Pars Development By 2015
...rch 2011, to raise South Pars gas output from the current 200mn cmd to 265mn cmd. NIGEC Issues “Ultimatum” To Shell And Repsol Over South Pars Phases 13-14 Reza Kasaizadeh, managing director of the National Iranian Gas Export Company (NIGEC), told Mehr News Agency on 10 May that, under instruction fr...
Volume: 53Issue: 20Published at Mon, 17 May 2010 -
IMF/World Bank Outlook Uncertain For Developing Economies
...1% in 2008, is projected to rebound in 2010 to 4.5%, and grow at an average 4.8% a year during 2011-13, compared to the global average of 4.4%. In 2009, GDP growth fell only in Turkey, Cyprus, Kuwait and the UAE (by up to 3%), with Lebanon and Qatar seeing growth of above 7%. However, the report wa...
Volume: 53Issue: 20Published at Mon, 17 May 2010 -
INA And Petro-Canada Drill New Wells In Syria
...trofac is building for Hayan Petroleum Company a gas treatment plant at the Jihar field, with a capacity of 3.7mn cmd of gas, 180 tons/day of LPG and 5,000 b/d of condensate, due for completion in the first quarter of 2011 (MEES, 23 November 2009). Meanwhile Petro-Canada is planning to start drilling in...
Volume: 53Issue: 20Published at Mon, 17 May 2010