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Doubts Persist Over Algeria’s Bid Round
...mpanies as well,” said Mr Probert at a Society of Petroleum Engineers event held in London this week. Algeria : Blocks On Offer In 2014 Bid Round Bidding Delay The schedule for the bid round has been pushed back by a month, Algeria’s Ministry for Energy and Mines announced on 1 June. Bi...
Volume: 57Issue: 23Published at Fri, 06 Jun 2014 -
Energy Subsidies Soar To Hit $24bn
...nance Minister Hani Dimian, when he unveiled some details of the 2014-15 budget last month (MEES, 30 May). Soaring subsidies highlight the need to lower the budget deficit in 2014-15 which is projected to fall to 12% of GDP from 14% in 2013-14. The energy subsidies in the new 2014-15 budget are also pr...
Volume: 57Issue: 23Published at Fri, 06 Jun 2014 -
Algeria’s Development Plan Projects 7% Growth
...each of the last four years, and Mr Sellal acknowledges volumes have continued to fall in early 2014. With domestic gas demand rising strongly export volumes and revenue are also down (see table). Sonatrach’s Chief Executive ‘Abd al-Hamid Zerguine said at the beginning of this year that the te...
Volume: 57Issue: 23Published at Fri, 06 Jun 2014 -
Tunisia $500Mn US Guarantee
...4mn (MEES, 23 May). The World Bank, meanwhile, announced a loan program of $1.2bn in 2014. Tunis plans to raise around $1.8bn in foreign bonds helped by guarantees from the US and Japan, and to issue $435mn worth of Islamic sukuk. Moody’s this week said that although the political situation had im...
Volume: 57Issue: 23Published at Fri, 06 Jun 2014 -
Benchmark Crude Prices ($/B)
... 05 Jun 26-30 May 19-23 May May-14 Apr-14 Q1 2014 Q4 2013 2013 20...
Volume: 57Issue: 23Published at Fri, 06 Jun 2014 -
Project Delays Smother Iraqi Capacity Growth
...jnoon was supposed to start-up late May. But customs delays on vital equipment have pushed launch back to around October; privately operators concede a 2014 start-up is a possibility. Majnoon is due to come onstream at 100,000 b/d and ramp up to 175,000 b/d. Delays on Majnoon and Badra raise question ma...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013 -
Technip Awarded Iraq And Abu Dhabi Refinery Contracts
...ew to completion in 2014. The company recently said the Ruwais expansion project was more than 85% complete. The expansion is mainly aimed at keeping pace with rising domestic demand for cleaner gasoline and jet fuel, while also enabling the export of products to Asia. Takreer says the objective of th...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013 -
Iraqi Politics: Sinking Into The Morass?
...shkhabour pumping station near the Turkish border. The construction of the Kurdish line inside Iraq is scheduled to be completed by year-end, with commercial throughput expected during early 2014. However, under the constitution, only Iraq’s State Oil Marketing Organization (SOMO) is allowed to export Iraqi oi...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013 -
Occidental Eyes Sale Of All Mideast Assets
...Nuhayyan. Oxy’s instability looks set to continue with Oxy announcing that Mr Chazen will leave the post of CEO at the end of 2014. It creates a problem for Oxy in the ADCO concession bidding. The SPC members have to decide to which firms they will give stakes in their top producing fields, and th...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013 -
Wintershall Qatar Gas Plans
...ploring Qatar. By end-2013/early 2014, Chinese state firm CNOOC and French major Total are expected to drill their first well in exploration Block BC. In Qatar, Total in May 2011 took a 25% stake in exploration Block BC (MEES, 26 April). A potential export option is Abu Dhabi-based Dolphin En...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013 -
Qatar Continues To Boost Budget Expenditure In 2012-13
...owth in the hydrocarbon sector slowing down to 3% due to Qatar’s self imposed moratorium on the development of new North Field projects until 2014, while substantial investment in infrastructure, coupled with increased levels of production in Qatar’s manufacturing sector is projected to boost growth in th...
Volume: 55Issue: 23Published at Mon, 04 Jun 2012 -
Bahrain Narrows In On Preferred Bidders For LNG Import Terminal
...mpany, Nogaholding, told MEES. The tender board, which meets weekly, will then decide whether to approve the choice, and if it does the results will be published. The tender specifies the import of LNG equivalent to 400-800mn cfd of gas for 15 years starting in 2014. Like the other Gulf countries, with th...
Volume: 55Issue: 23Published at Mon, 04 Jun 2012 -
Saudi Aramco Steps On The Gas
...gnificant for gas will be the start-up of the offshore 1.3bn cfd Hasbah and 1.2bn cfd Arabiyah non-associated fields in 2014 to feed the Wasit gas plant, currently under construction. Ordinary supply of 2.5bn cfd will produce 1.75bn cfd of sales gas and can be augmented to 3.05bn cfd in peak summer demand mo...
Volume: 55Issue: 23Published at Mon, 04 Jun 2012 -
Shah Field Doubts Cast Shadow Over Abu Dhabi’s Petchem Ambitions
...stream projects including the $10bn, 500mn cfd Shah gas field, Nick Wilson reports from Abu Dhabi. Partially state-owned petrochemical firm Borouge’s ethylene cracker expansion to 3.6mn tons/year by 2014 depends on the integrated completion of five upstream sources of ethane and building two new NG...
Volume: 54Issue: 23Published at Mon, 06 Jun 2011 -
Total Farms In To Qatar’s Offshore Block BC
...ploration wells drilled by 2014. “The farm-in transaction is another step forward in the partnerships forged with Qatar Petroleum and CNOOC, and reflects Total’s commitment to expanding its exploration and production operations in promising geological basins,” stated Christophe de Margerie, Total’s CEO. To...
Volume: 54Issue: 23Published at Mon, 06 Jun 2011 -
DEWA Invites 18 Developers To Bid For Dubai’s First IPP
...ivate partnership framework,” commented one UAE power expert. DEWA and its advisers, which include HSBC, plan to have a conference with developers in about a month’s time, and this will also include one-to-one meetings with the prospective bidders. The Hassyan I project’s startup is scheduled for 2014...
Volume: 54Issue: 23Published at Mon, 06 Jun 2011 -
The Forthcoming Exploration Blocks Bid Round In Iraq: Issues For Consideration
...d ID241.92bn for 2014. 3 Though the annual investment allocation for the exploration program is on an upward trend, the proportion to total plan investment allocation remains constant at 3.73% on both the aggregate and annual levels. This would lead me to suggest that the investment allocation fo...
Volume: 54Issue: 23Published at Mon, 06 Jun 2011 -
Cash Shortage Delays Iran Gas Pipeline, Pakistan Pursuing LNG Imports
...nally signed a deal to build a 2,150km pipeline to supply Iranian gas to Pakistan. But Pakistan cannot find the $1.65bn it needs to build its part of the project. They signed the 25-year deal on 28 May to pump 750mn cfd of gas from the South Pars field to Pakistan by the end of 2014, with the option of in...
Volume: 53Issue: 23Published at Mon, 07 Jun 2010 -
NITC Orders Six LNG Carriers From China
...livery between 2014 and 2015. Announcing the deal, NITC’s managing director Mohammad Souri said that his company usually bought South Korean vessels, but has judged this time that the Chinese offer was better. Iran shares the vast South Pars gas field with Qatar, but unlike its neighbor it has not st...
Volume: 53Issue: 23Published at Mon, 07 Jun 2010 -
Socar Starts Talks On ACG Deep Gas Drilling
...ojects for supply of gas from the Shah Deniz Phase 2 development in the Caspian Sea. Mr Aliyev said that the second production phase would deliver up to 16 bcm/year by 2014-15. Although the EU has declared support for both pipelines in a bid to reduce reliance on Russian gas supplies (MEES, 18 May), Mr...
Volume: 52Issue: 23Published at Mon, 08 Jun 2009