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Iran Condensate Severely Discounted, Gulf Producers Face Changing Market
...ach full production and export capacity by 2014, but it is still unclear how it will market it all. Qatar must now determine its future direction as a condensate seller that has committed most if not all of its export availability. “Tasweeq has to ensure that it doesn’t target both condensate and LPG at...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
Bahrain Tender Board Continues To Evaluate LNG Import Terminal Bids
...the 5th OPEC International Seminar in Vienna on 13 June. The winner is expected to be announced before the end of the year and then the front end engineering and design (FEED) will start. The tender specifies the import of 400-800 cfd of LNG for 15 years starting in 2014. Like the other Gu...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
Petrokemya And Tecnicas Reunidas Plan To Establish ABS Plant
...change website. The ABS project is expected to be mechanically completed during the fourth quarter of 2014. The project will produce a variety of grades of ABS to support the automotive and electrical appliance industries. ...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
IEA Medium Term Forecast Sees Demand Growing By 1.2Mn B/D Annually For 2010-16
...versify away from ‘traditional’ OECD markets into lucrative Asian markets. The Middle East will remain the key supplier, accounting for 47% of global exports in 2016. IEA World Oil Supply And Demand Outlook 2010-16 (Mn B/D) 2010 2011 2012 2013 2014...
Volume: 54Issue: 25Published at Mon, 20 Jun 2011 -
Kuwaiti Real GDP Growth Expected To Hit 4.7% In 2011, NBK Says
...ojects (MEES, 27 September 2010). The ambitious KD31bn ($112.8bn) plan – ending in 2014 – calls for spending an amount close to KD5bn ($18.2bn) on infrastructure in the 2010-11 fiscal year. However, the government expects actual spending to only be around the KD2.5bn ($9.09bn) mark, or 50% of the to...
Volume: 54Issue: 25Published at Mon, 20 Jun 2011 -
Saudi Authorities Set To Overhaul Private Sector Employment Rules, BSF Says
...ployment quotas. Ultimately, the government’s aim is to create of 1.12mn new jobs for Saudi citizens by 2014. In its latest Saudi Arabia Economics report, BSF warns: “the initial shock of Nitaqat, if enforced with vigor, could lead numerous smaller businesses to shut down, shake already feeble fo...
Volume: 54Issue: 25Published at Mon, 20 Jun 2011 -
Domestic Demand Challenge Highlighted By Saudi Aramco Report
...expand gas production and processing capacities by 4.5bn cfd by 2014, an increase of 40% over current capacity.” It is working to bring its first non-associated offshore gas field into production – the 1.8bn cfd Karan project. Karan involves output from 19 wells on four producing platforms, with ga...
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
KMG And CNPC To Build Intra-Kazakh Link To Central Asia Gas Pipeline
...be transferring some 5 bcm/year of gas to China by the end of the year. KMG President Kairgeldy Kabyldin said the Beyneu-Shymkent pipeline would have a capacity to deliver 15 bcm/y of gas. A first stage, to be completed by the start of 2014, would have capacity to deliver 10 bcm/y and would allow Ka...
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
Final Agreement Signed For Iran-Pakistan Gas Pipeline
...a 1,900km gas pipeline to export up to 21mn cmd of South Pars gas to Pakistan beginning in 2014. Iranian Deputy Minister of Petroleum Javad Ouji told reporters at the contract signing ceremony that Iran will now build the remaining 300km of the Iranian section of the project, which will connect Ir...
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
GDF Suez Signs Finance, Power Agreement For Riyadh IPP
...P is one of three IPPs in the kingdom designed to add 5.2gw to the domestic grid by 2015. The first project was the Rabigh IPP (MEES, 17 August 2009). The 1.8gw heavy fuel oil-fired Qurayyah project is the next on the slate for development, with planned startup in April 2014. Advisers on the east co...
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
Socar-Turcas Venture Gets Permit For $4Bn Refinery/Petchem Plant In Izmir Aliaga
...rope. It will also generate electric power. The plant is scheduled to come into operation in 2014....
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
Rumaila Economics And Its Implications
...ateau target. Hence, we assume that the new year-end capacities for 2013, 2014, and 2015 would be 2.4mn b/d, 2.6mn b/d and 2.85mn b/d, respectively. Year-end production capacity does not mean actual production capacity throughout that year. Hence, the assumed actual production for any particular ye...
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
Egypt Raises Gas Supplies To Israel After Reaching New Price Agreement
...vertheless, the original memorandum of understanding (MOU) potentially allows Israel to import up to 7 bcm/year of Egyptian gas. And with Israel’s big new gas discoveries not expected on stream before 2014, Cairo stands to benefit from its neighbor’s greater energy dependency, especially now that an ac...
Volume: 52Issue: 25Published at Mon, 22 Jun 2009 -
QP Eyes Decision On 250,000 B/D Shaheen Refinery
...ght, al-Shaheen is unlikely to come on stream before 2014. Meanwhile, start-up of Qatar’s new condensate refinery, currently being commissioned, is taking longer than anticipated and the 146,000 b/d plant is unlikely to begin full scale production until the fourth quarter. Also, internal QP es...
Volume: 52Issue: 25Published at Mon, 22 Jun 2009 -
NPC Plans To Double Production Capacity To 68Mn T/Y By 2014
...Middle East Economic Survey VOL. LI No 25 23-June-2008 IRAN NPC Plans To Double Production Capacity To 68Mn T/Y By 2014 Iran’s National Petrochemical Company (NPC) plans to invest more than $30bn by 2014 to double its current production level to 68mn tons/year, according to NP...
Volume: 51Issue: 25Published at Mon, 23 Jun 2008 -
Financing Petroleum Development: The Experience Of Saudi Arabia
...owing demand. Geologists estimated recoverable world crude oil reserves from conventional sources at 2.3 trillion barrels in 1999. Keeping pace with demand growth of 2% per year, production from conventional sources could reach 90mn b/d by 2014. Of that, production from the Gulf countries may reach 25...
Volume: 43Issue: 25Published at Mon, 19 Jun 2000