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IMF Sees Good Growth Prospects For Libya
...ices are projected to fall from $114.70/B in 2012 to $110/B in 2013 and $102.80/B in 2014. At the same time reconstruction expenditure and the release of pent-up private demand should facilitate an improvement in non-hydrocarbon sectors. But the IMF warns that risks to the outlook include continued po...
Volume: 55Issue: 30Published at Mon, 23 Jul 2012 -
Power Failures Hit Kuwait
...neration capacity to 16gw by 2014-15, to 17-18gw by 2016 and to 27-30gw by 2030. Kuwait’s power demand is growing at approximately 7-10% per year. But Kuwait is short of gas and is importing LNG. It is studying with Japanese conglomerate Toyota Tsusho a proposal to build a $650mn, 1.25mw capacity In...
Volume: 54Issue: 30Published at Mon, 25 Jul 2011 -
Fluor Clinches Dow/Saudi Aramco Jubail II Utilities Contract
...d the 1.3bn cfd Hasbah field – both due on stream in 2014. ...
Volume: 54Issue: 30Published at Mon, 25 Jul 2011 -
Eni Discusses Upstream Expansion In Azerbaijan
...ilure to clear the Burun acquisition with Asghabat before completing the deal. Eni also expects its gas availability to increase through its equity in Petronas offshore fields, where total gas production is intended to reach 8-10 bcm/y by 2014-15. However, there are doubts over the economics of the CNG ex...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
Vitol To Build New Oil Terminal In Cyprus
...elling its electricity generation by 2014, and has already compiled a shortlist of potential LNG providers. Meanwhile, the island’s electricity authority is currently seeking partners for the development, financing and operation of an LNG storage and regasification terminal – also at Vasilikos – expected to...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
ERC’s $2.35Bn Musturud Refinery Project Financing Nears Completion
...ntractors are Japan’s Mitsui and Korea’s GS Engineering, and the expansion and upgrading is being implemented as a lump sum turnkey (LSTK) contract. Completion is planned for 2014. Construction is scheduled to begin shortly after financial close, although some long lead time items have already been ordered....
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
BP Sells Off Egyptian Assets To Apache To Help Fund Oil Spill Clean Up
...rst gas anticipated for late 2014. Other BP projects in Egypt include the Pharaonic Petroleum Company (PhPC) joint venture with the Egyptian Natural Gas Holding Company (EGAS), which operates gas assets in the Nile Delta, and the Gulf of Suez Petroleum Company, a joint venture with EGPC. Its also su...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
IMF Expects Kuwait’s Economy To Rebound In 2010
...scal year ending March 31, eg 2007 refers to fiscal year 2007-08. 3. In 2006-07 KD2bn was transferred to partly cover the actuarial deficit of the Public Pension Fund. In 2008-09, KD5.5bn was transferred. KD1.1bn is budgeted for each year from 2010-11 to 2014-15. 4. Excludes investment income and pe...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
Oman To Request Proposals For New IPP At Sur
...wer ahead of summer peak demand in 2013, with full commissioning of the facility slated to coincide with summer peak demand in 2014. The site is ready for construction, with access to the sea and with gas available via an existing pipeline that feeds a nearby LNG plant, the company said. OPWP had or...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
BG Row Threatens Gulf Keystone’s Planned Sale Of Hassi Ba Hamou Stake
...r its interest in the block. The commercialization of gas discovered there is not expected until 2014....
Volume: 52Issue: 30Published at Mon, 27 Jul 2009