1. NIORDC Announces Oil Products Agreement With Iraq

    ...ana that the two sides confirmed an agreement for the construction of a 270km gas pipeline by December 2014 for the supply of 25mn cmd of Iranian gas to the Baghdad and al-Mansoura power plants. Mr Owji added that Iraq again expressed its support for a 5,800km gas pipeline linking Iran with Iraq, Sy...

    Volume: 55
    Issue: 24
    Published at Mon, 11 Jun 2012
  2. Pakistani President Reaffirms Commitment To Iran-Pakistan Gas Pipeline

    ...s government was committed to complete its part of the 7.8 bcm/year capacity pipeline by 2014. In related news National Iranian Gas Company (NIGC) director of gas distribution Mostafa Sheikh Bahaie told reporters on 5 June that the Iranian component of the Iran-Pakistan pipeline was almost 75% co...

    Volume: 55
    Issue: 24
    Published at Mon, 11 Jun 2012
  3. Alstom Awarded €500Mn EPC Contract By Dalia For 835MW Tzafit Power Plant

    ...s-fired power plant at Tzafit in Israel. The contract covers the supply and construction of two 417mw gas-fired combined cycle units as well as associated civil works and switchgear. The plant will be located 40km southeast of Tel Aviv and commissioned in 2014. Alstom is expected to sign a 20...

    Volume: 54
    Issue: 24
    Published at Mon, 13 Jun 2011
  4. Saudi Aramco Accelerates 900,000 b/d Manifa Offshore Project

    ...ojects – 1.2bn cfd Arabiyah field and the 1.3bn cfd Hasbah field. They are to come on stream in 2014. While Saudi Aramco’s crude output in 2010 was slightly down from the previous year at 7.91mn b/d, it boosted gas production by over 600mn cfd over the previous year to hit 9.39bn cfd as full ca...

    Volume: 54
    Issue: 24
    Published at Mon, 13 Jun 2011
  5. Aegean And Groundstar Revise West Kom Ombo Farm-In Terms (15)

    ...oundstar Resources to acquire a 70% stake and operatorship of the West Kom Ombo (WKO) block in Egypt’s south central desert, it was announced on 7 June. Aegean has committed to drill a minimum of four exploration wells at a cost of up to $30mn by September 2014, but notes that seismic data has not been ac...

    Volume: 53
    Issue: 24
    Published at Mon, 14 Jun 2010
  6. KFIC Agrees $495Mn Debt Restructuring Deal

    ...nders and shareholders to restructure KD145mn ($495mn) in debt, it announced on 7 June. The five-year restructuring proposal was approved by all 22 local and international lenders, and will see the debt paid in four tranches, the last of which will be settled on 31 December 2014. The company’s debt re...

    Volume: 53
    Issue: 24
    Published at Mon, 14 Jun 2010
  7. NBK Says Kuwait Consumer Spending On The Rise

    ...2014, a target NBK cites as achievable if all planned projects and policies are implemented on schedule. “Still, at this rate, new jobs may not be enough to absorb all entrants into the labor market,” it said, adding that while the consumer sector is recovering nicely, employment growth would be ab...

    Volume: 53
    Issue: 24
    Published at Mon, 14 Jun 2010