1. Egypt Grapples To Support Energy Sector; Reshuffle Delays Musturud

    ...advertently held up the planned $3.7bn Musturud refinery. Egypt’s Minister of Petroleum 'Abd Allah Ghurab said at the end of July that Cairo plans to invest $1bn in exploring for gas and oil in the Sinai Desert up to 2014. The only details he gave were that the plan includes 60 wells and aims to boost re...

    Volume: 54
    Issue: 31
    Published at Mon, 01 Aug 2011
  2. Gulf LNG Producers Facing Greater Competition From Australia In Asia-Pacific

    ...rector, Chevron Australia. Chevron said in June it secured conditional approval from Western Australia’s Environmental Protection Agency – the first of several environmental green lights that Chevron needs before making the FID. The project owners say it will produce 8.9mn t/y in 2014, with first cargoes ex...

    Volume: 54
    Issue: 31
    Published at Mon, 01 Aug 2011
  3. Kuwait’s Economy Recovers, But Further Reforms Needed, Says IMF

    ...partly cover the actuarial deficit of the Public Pension Fund.   In 2008-09, KD 5.5bn were transferred. KD 1.1bn are budgeted for each year from 2010-11 to 2014-15. 4 Excludes investment income and pension recapitalization, and after transfers for FGF. 5 Excludes debt of Kuwait's SWF re...

    Volume: 54
    Issue: 31
    Published at Mon, 01 Aug 2011
  4. EMAL Gets Approval For $4.5bn Expansion Project

    ...nually by the end of 2014, the company said on 24 July. The EMAL Phase II project will upgrade technology at its first-phase facility, which will boost production capacity by 50,000 tons/year to 800,000 t/y by the end of 2012. This will boost EMAL’s total production capacity to around 1.3mn tons by the en...

    Volume: 54
    Issue: 31
    Published at Mon, 01 Aug 2011