1. 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: 55
    Issue: 21
    Published at Mon, 21 May 2012
  2. 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: 55
    Issue: 21
    Published at Mon, 21 May 2012
  3. 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: 55
    Issue: 21
    Published at Mon, 21 May 2012
  4. 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: 55
    Issue: 21
    Published at Mon, 21 May 2012
  5. 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: 55
    Issue: 21
    Published at Mon, 21 May 2012
  6. 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: 55
    Issue: 21
    Published at Mon, 21 May 2012