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Tighter Sanctions Aimed At Iran’s Energy Sector
...fining and Distribution Company (NIORDC) is launching a massive downstream expansion. If realized, Iran would add over 1.5mn b/d of brand new refinery capacity at a cost of over $27bn, not to mention expansion of 1.1mn b/d at existing refineries at a cost of $11.4bn, and all by 2014. Tehran has also an...
Volume: 53Issue: 27Published at Mon, 05 Jul 2010 -
Iraqi Cabinet Gives Initial Approval Of $17Bn Shell Gas Deal
...st a working number. It could change,” Iraq’s deputy oil minister for the downstream, Ahmad al-Sham'a, tells MEES. Funding will be staggered with $450mn to be paid in 2013, $1.25bn in each of 2014 and 2015 and $1.2bn in 2016, news reports said. The deal, which brings together SGC (51%), Shell (44%) an...
Volume: 53Issue: 27Published at Mon, 05 Jul 2010 -
Kazakhstan Introduces New Subsoil Law, Enhancing State Leverage
...ginning will be delayed. We therefore, expect no substantial volumes of oil in the period from 2014 to 2016 to justify construction of the KCTS.” However, KCTS is due to be completed in 2016-17 to handle expanded output from Kashagan (MEES, 7 June)....
Volume: 53Issue: 27Published at Mon, 05 Jul 2010 -
Musturud Refinery Project Attracts Additional Lenders
...mpletion is planned for 2014....
Volume: 53Issue: 27Published at Mon, 05 Jul 2010