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Saudi Economy Remains Sound Despite Global Uncertainties, Says BSF
...nimally compared with six months ago, Banque Saudi Fransi (BSF) said in a 14 June report. BSF maintains its GDP growth forecast at 3.9% for 2010, climbing to 4.2% in 2011. However, it cut its oil sector expansion forecast to 3.6%, while raising the projection for government sector GDP growth to 4.6%. Go...
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
Red Emperor Agrees Preliminary Farm-In Deal With Africa Oil For Puntland Blocks
...e PSAs on both blocks with the region’s breakaway government, extending the initial exploration phase from 36 months to 48 months to expire on 17 January 2011 (MEES, 28 December 2009)....
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
World Bank Says Sudan’s Oil Revenue Should Be Invested In Non-Oil Industries
...oduction to create more balanced and sustainable growth, according to reports on 11 June. With an independence referendum due in January 2011 in Southern Sudan, the source of most of the country’s oil, the government in Khartoum needs to invest in agriculture and other non-oil industries, and reduce the do...
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
Rumaila Economics And Its Implications
...oduction capacity comprises the adjusted baseline production and the incremental production. Information available indicates that the work program for 2010 has a budget of $1.7bn and will add 200,000 b/d. In 2011 a budget of $2.5bn will add some 300,000 b/d and by 2012 some 500,000 b/d will have come on st...
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
GE Energy Signs Contracts Worth More Than $500Mn For Al Dur IWPP
...30% of the kingdom’s existing electricity output, as well as 48mn gal/day (218,000 cmd) of desalinated water. The plant is scheduled to start commercial operation by mid‐2011 and is expected to cost $2.2bn to build, with the debt package pegged at around $1.7bn. The bank facility is carrying ma...
Volume: 52Issue: 25Published at Mon, 22 Jun 2009 -
QP Eyes Decision On 250,000 B/D Shaheen Refinery
...timates for start-up on Qatargas 4 Train 7, the last of Qatar’s LNG ‘mega-trains’, has slipped to 2011, MEES understands. “There is a lot of uncertainty on timing,” notes the source. “As they are fixing problems on Train 4, they assume they will be able to solve these same issues on the other trains. Bu...
Volume: 52Issue: 25Published at Mon, 22 Jun 2009 -
Tunisia Increasingly Gas-Focused As Oil Production Dips
...th compression stations, this pipeline will have a capacity of 3.6 bcm/y and should be ready in 2011. Battling Reservoir Depletion Tunisia has had some success at shoring up its oil output in the last 18 months, with production expected to average 93,000 b/d in 2008, just 2% down on last year. Th...
Volume: 51Issue: 25Published at Mon, 23 Jun 2008 -
Soaring Oil Prices Push MENA Steel Demand To New Peaks
...mplex drilling and production technologies, which result in greater steel use as drilling distances increase. Tougher reservoir conditions also require special high quality down-hole steels. Saudi Aramco plans to add almost 3m b/d of crude production by 2011, but it is also making a considerable ou...
Volume: 51Issue: 25Published at Mon, 23 Jun 2008 -
CIOC Announces Kazakh Approval For Work Program In North-West Zhetybai Field
...nstruction is set to begin in 2008 and the pipeline is due to be in operation by 2011. Capacity could reach 25-31 bcm/year by 2020. Lukoil intends to invest $3bn by 2012 to build a gas processing facility and 10 retail filling stations in the Russian republic of Kalmykia on the Caspian Sea, ac...
Volume: 50Issue: 25Published at Mon, 18 Jun 2007 -
General Electric Wins Compressors Order For Pearl GTL
...veloped by Qatar Shell GTL, is designed to produce a total of 140,000 b/d of synthetic fuels and chemicals. Phase 1 of the project is scheduled to start in 1Q 2010 and Phase 2 in 2011, with each phase producing 70,000 b/d of liquids....
Volume: 50Issue: 25Published at Mon, 18 Jun 2007 -
Rebuilding Russia's Refineries.
...dernization program, which runs from 2000 to 2006. This report extends the plan to 2011. The 1992 plan, which is due to be revised in 1996, ca...
Volume: 39Issue: 25Published at Mon, 18 Mar 1996