1. WTI Crude Price Moves Above $75/B After IEA Forecast Boost, China Export Data

    ...d through 2011, we expect investor flows, on balance, to be moderately bullish, as oil and other commodities provide exposure to growth in emerging markets and also provide a hedge against expected medium term inflationary pressures.” In its Weekly Petroleum Status Report, released on 9 June, the EI...

    Volume: 53
    Issue: 24
    Published at Mon, 14 Jun 2010
  2. EIA Trims 2010 Demand Growth Forecast To 1.5Mn B/D, 2011 Remains at 1.6Mn B/D

    ...Middle East Economic Survey VOL. LIII No 24   14-Jun-2010 EIA Trims 2010 Demand Growth Forecast To 1.5Mn B/D, 2011 Remains at 1.6Mn B/D The Energy Information Administration (EIA) of the US De...

    Volume: 53
    Issue: 24
    Published at Mon, 14 Jun 2010
  3. Gazprom And DESFA Sign South Stream Agreement (14)

    ...d feasibility studies on the project’s route will be completed by February 2011, with the final investment decision to be taken within the following 12-18 months. Construction is planned to begin in early 2013 on the underwater section of the pipeline across the Black Sea so that commissioning can be...

    Volume: 53
    Issue: 24
    Published at Mon, 14 Jun 2010
  4. Putin Questions Viability Of Blue Stream Expansion (14)

    ...ansportation System (KCTS). The feasibility study is to be completed by mid-August 2011. Phase 1 of KCTS envisages the delivery of up to 450,000 b/d of oil across the Caspian Sea in tankers for onward delivery via the Baku-Tbilisi-Ceyhan pipeline, beginning in 2013 (MEES, 7 June). Kazakh state firm Ka...

    Volume: 53
    Issue: 24
    Published at Mon, 14 Jun 2010
  5. Aegean And Groundstar Revise West Kom Ombo Farm-In Terms (15)

    ...quired over a large part of the block. The Greek company had initially committed to drill two wells by September 2011 (MEES, 17 May). The additional wells will help evaluate the potential of the block beyond what the current exploration phase would allow, and increase the chance of commercial discovery on...

    Volume: 53
    Issue: 24
    Published at Mon, 14 Jun 2010
  6. Dubai To Offset Abu Dhabi-Led UAE Growth, Samba Says

    ...Middle East Economic Survey VOL. LIII No 24   14-Jun-2010 UAE Dubai To Offset Abu Dhabi-Led UAE Growth, Samba Says Growth prospects in the UAE for 2010 and 2011 are mixed, Samba Financial Gr...

    Volume: 53
    Issue: 24
    Published at Mon, 14 Jun 2010
  7. Citigroup Says Dubai GDP Growth Spurred By Non-Real-Estate Sector

    ...4.7% in 2011 to Dh266bn ($72bn), on the back of the global and regional economic recovery and competitive advantages in its non-real-estate sector, Citigroup said in its latest Macro View Report. By 2012, GDP is expected to grow by 6.3% to Dh282.8bnn ($77bn), but while its growth dynamics remain ro...

    Volume: 53
    Issue: 24
    Published at Mon, 14 Jun 2010
  8. KRG Operators Vying For Position After Oil Exports Start-Up

    ...ll also feed into the pipeline. Meanwhile, Genel is also building a 60,000 b/d refinery at Koya near Taq Taq and Miran. Some 40,000 b/d of processing capacity will be in place by 2011, with the remaining capacity online in 2012, Heritage said. The $510mn refinery is guaranteed a tolling fee of $15...

    Volume: 52
    Issue: 24
    Published at Mon, 15 Jun 2009
  9. Turkey Reiterates Call For 15% Of Azeri Nabucco Gas

    ...rticipation in the rival South Stream pipeline. Turkey To Demand Re-Export Clause In 2011 Gazprom Contract Turkish Minister of Energy Taner Yildiz told Ilhas News Agency on 5 June that his country would demand the inclusion of a re-export clause in an extension of the first of three long-term supply co...

    Volume: 52
    Issue: 24
    Published at Mon, 15 Jun 2009
  10. Sofregaz Plans To Reactivate Varamin Gas Storage Project

    ...Varamin, 70km southwest of Tehran, NGSC Director of Engineering and Construction Mahmoud Nemati told the Ministry of Petroleum’s PIN news service on 8 June. Mr Nemati said the facility would have a gas storage capacity of 540mn cu ms, and would be expected to be completed by late 2011. Sofregaz wa...

    Volume: 52
    Issue: 24
    Published at Mon, 15 Jun 2009
  11. Saudi Arabia’s Diversification Plans Take Shape As Ma'aden Receives Financing

    ...her operations can domestically access all three components, Mr Fallaj added. More than 70% of the project costs are fixed by a lump-sum turnkey (LSTK) contract, with key contractors provided by Germany, China, France, Spain and Finland. The phosphate project is set for completion in 2011. Target ex...

    Volume: 51
    Issue: 24
    Published at Mon, 16 Jun 2008
  12. Chevron To Participate In New Kazakh Export Route

    ...reement with Azerbaijan that allows Kazakhstan to transport crude through the 1mn b/d Baku-Tbilisi-Ceyhan (BTC) pipeline (MEES, 9 June). The move effectively helps clear the way for the implementation of the KCTS. The pipeline is tentatively scheduled to come into operation in 2011 with an initial ca...

    Volume: 51
    Issue: 24
    Published at Mon, 16 Jun 2008
  13. BG Focused On Selling Gaza Gas To Israel After Cabinet Approval

    ...art-up is now envisaged in 2011. The project is expected to generate around $1bn in much needed revenue for the Palestinian Authority. The expected overall costs of implementing the project are still put at around $750mn, a figure that BG came up with more than a year ago. But competition from th...

    Volume: 50
    Issue: 24
    Published at Mon, 11 Jun 2007
  14. GdF Looks At Gas Projects In Azerbaijan

    ...ude oil pipeline could rise to 1.6mn b/d by 2011, with the construction of additional pumping stations. BP is to decide during the third quarter of 2007 whether to introduce a drag reduction agent to boost capacity to 1.2mn b/d. Pipeline operator BP is negotiating with producers in Kazakhtan ab...

    Volume: 50
    Issue: 24
    Published at Mon, 11 Jun 2007
  15. Oryx GTL Plant Inaugurated But Clouds Gather Over Industry’s Expansion Plans

    ...y continue) would raise serious questions over the viability of ExxonMobil’s planned 154,000 b/d GTL project, which is provisionally due for start-up in 2011. Statements of intent between QP and Marathon for a 120,000 b/d plant and with ConocoPhillips for a 160,000 b/d project have already been fr...

    Volume: 49
    Issue: 24
    Published at Mon, 12 Jun 2006
  16. Bush Calls For Acceleration Of Shah Deniz Project

    ...will peak with production at around 9bcm/y. Stage 1 investment, including the SCP, will be around $4.2bn.  Stage 2 is to come on-stream in 2011-12 with a capacity of 16bcm/y. The current plan calls for Stage 2 gas to be shipped across northern Greece to Italy (MEES, 5 June).  Other recent de...

    Volume: 49
    Issue: 24
    Published at Mon, 12 Jun 2006