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Yemen Seeks $500Mn Loan From IMF
...s said. But in its 21 May MENA update, the IMF projects lower real GDP growth of 4.4% in 2013, rising to 5.4% in 2014. Reduced oil output is set to tip Yemen’s current account into a deficit of over 4% of GDP this year, the IMF predicts, with the country needing a wholly unrealistic average price of...
Volume: 56Issue: 21Published at Fri, 24 May 2013 -
Lebanese Officials Upbeat Despite Warnings
...ency explained that in addition to the war in Syria, the downgrading in outlook reflects Lebanon’s already high debt burden in 2013 and 2014, political instability and limited economic growth. Moody’s added that the prolonged civil war in Syria has adversely affected investment, trade and tourism in Le...
Volume: 56Issue: 21Published at Fri, 24 May 2013 -
Tunisia: Oil Production Slump Exacerbates Budget Shortfall
...om 2014. Ben Bir Tatar production should reach 5,000 b/d of sweet 40° API crude by late 2012 or early 2013, up from the current 2,500 b/d with an accelerated drilling program from the third quarter (following the addition of a second rig) and average one well a month for the remainder of 20...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
Ankara Assumes Critical Regional Energy Role
...oil and products by rail or land into Turkey, if “required by national interest”, in a move potentially laying the foundations for future legal KRG imports by truck. And in March, Turkey’s energy regulator invited Turkish firms to apply for licenses to import Iraqi gas from 2014, opening up the pr...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
POGC Announces Plan To Revive North Pars/LNG Development
...velopment by domestic contractors will be made in the next Iranian year and project execution will start in early 2014.” ...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
Qatar Revives Plans For 120,000 B/D Tunisian Refinery
...tari counterparts, said that the project was slated to “get underway at the end of 2012,” to enter service in 2014 or 2015, and that the initial 120,000 b/d capacity would later be expanded to 250,000 b/d. ...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
International Oil Firms Flock To Abu Dhabi
...UAE International Oil Firms Flock To Abu Dhabi Abu Dhabi is emerging as the premier investment upstream investment opportunity in the Gulf region. Media scrutiny has been on potential new partners for the 1.4mn b/d ADCO fields, whose concession expires in January 2014. But recent up...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
Mubadala And IPIC Seek Financial Advisor For Fujairah LNG Regasification Terminal
...ready been meetings with banks and an advisor is expected to be appointed sometime soon. “If they want to get the terminal ready in 2014, they will need to appoint an advisor and have financial close very quickly,” said one expert. Ideally they should approach banks for project financing sometime this ye...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
Qatar Sees World Cup As Catalyst For $200Bn Development Outlay
...phasis would be on future container growth, with the new port handling clean cargoes only, leaving all industrial products to Ras Laffan and Mesaieed. It will be served by a 31km approach channel, and built in three phases with stage one due to open by November 2014 with a capacity of 2mn twenty foot eq...
Volume: 54Issue: 21Published at Mon, 23 May 2011 -
Energy Decisions Loom For Cyprus As Island Seeks To Make Best Of All Options
...d of the day we don’t wind up with nothing.” Pipeline Gas To Cyprus, The Law, And DEFA’s Future Role According to the plan put forward by Noble Energy, raw gas would arrive on the island by pipeline from Leviathan and Block 12 for processing at Vasiliko sometime in 2014 or after. Considering de...
Volume: 54Issue: 21Published at Mon, 23 May 2011 -
TAQA Announces Final Approval For Bergermeer Gas Storage Project
...e Bergermeer Gas Storage facility in the Netherlands – jointly developed with Russia’s Gazprom – have been signed by the Dutch authorities. Bergermeer gas storage is scheduled to start in 2013 with commercial operations beginning in 2014. Bergermeer will provide the Northwest European gas market wi...
Volume: 54Issue: 21Published at Mon, 23 May 2011 -
Nabucco Partners Turn To Kurdistan Region For Gas Supply; Baghdad Says No
...peline by 2014 ‒ a boost to the beleaguered Nabucco project that has been backed by the EU to obtain another source of much-needed gas. Pearl Petroleum is jointly owned by Sharjah-based partners Dana Gas and Crescent Petroleum. In April 2007 these signed long-term agreements with the KRG covering th...
Volume: 52Issue: 21Published at Mon, 25 May 2009 -
NOC Hints At 700,000 B/D Reduction In Output Target
...existing oil fields, and to that end NOC has signed a rash of development agreements with its partners since October 2007. But many of the field development plans are not likely to be completed until 2014 at the earliest (MEES, 17 November)....
Volume: 52Issue: 21Published at Mon, 25 May 2009 -
Qatar And Iran Outline GTL Plans At London Conference
...r 2014 was 731,000 b/d of GTL products plus base oils. The plants would be sited at Ras Laffan, where there would be synergy from shared utilities. QP was said to be close to completing negotiations with an international company to build a central oxygen plant at the complex. Other synergies wo...
Volume: 47Issue: 21Published at Mon, 24 May 2004