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Economic Development Of The MENA Petroleum Producing Countries
...oduction, but will definitely peak and start to decline in 10-20 years. In 2011, the oil and gas revenues in the MENA region will be close to $1 trillion. While $100bn, just 10%, will be spent on petroleum industry projects, the remaining $900bn will fund the fiscal budgets of the producing countries. If...
Volume: 54Issue: 33Published at Mon, 15 Aug 2011 -
KRG Investors Maneuver Ahead Of Hoped-For Oil Breakthrough
...w wells. The UK-based independent aims to drill three appraisal wells and one exploration well through to early 2011. Sources say Korea’s state-owned KNOC has also discovered gas, but testing has not been completed. And UK independent Sterling Energy tested for gas at its first well, but had to stop dr...
Volume: 53Issue: 33Published at Mon, 16 Aug 2010 -
Egyptian Refinery Takes Top Spot In African Project Financing
...lyethylene, methanol and ammonium nitrate projects (MEES, 1 March). The ammonium nitrate project is expected to secure financing this year, with the other two looking to approach lenders in 2011 or 2012. While they will focus on export markets, the sponsor hopes that they will ultimately provide feedstock for fu...
Volume: 53Issue: 33Published at Mon, 16 Aug 2010 -
IEA Raises Forecast For 2010 And 2011 Crude Oil Demand
...Middle East Economic Survey VOL. LIII No 33 16-Aug-2010 IEA Raises Forecast For 2010 And 2011 Crude Oil Demand The International Energy Agency (IEA) revised upward its forecast for global oi...
Volume: 53Issue: 33Published at Mon, 16 Aug 2010 -
EIA Forecast Sees 2010, 2011 Demand Growth Largely Unchanged
...Middle East Economic Survey VOL. LIII No 33 16-Aug-2010 EIA Forecast Sees 2010, 2011 Demand Growth Largely Unchanged The Energy Information Administration (EIA) of the US Department of En...
Volume: 53Issue: 33Published at Mon, 16 Aug 2010 -
Pakistan Moves Slowly On Iran Gas Pipeline And Qatari LNG Imports
...obably involve a floating storage and regasification unit (FSRU), MEES understands. It is unlikely to be operational by the target year of 2011. Furthermore, one of the 4Gas shareholder companies is in Chapter 11 bankruptcy, but it us unclear how this affects the whole project. GDF Suez and Shell are mo...
Volume: 53Issue: 33Published at Mon, 16 Aug 2010 -
QAPCO Secures $200Mn Murabaha Facility From Qatar Islamic Bank
...the two companies. The LDPE-3 project is scheduled to be completed in December 2011 and will be the last in a matrix of connected plants, which includes Qatofin, and Q-Chem. The Qatofin and Q-Chem 2 projects completed their financing on 16 November 2005 (MEES, 28 November 2005). Q-Chem 2’s to...
Volume: 52Issue: 33Published at Mon, 17 Aug 2009 -
Sudan Appoints Abyei Administration Amid Tentative Signs Of Political Progress
...ntrol Risks Group Wolfram Lacher. “But it does represent a positive development, and suggests that cooperation between both sides is improving.” Presidential and parliamentary elections, to be held between January and April of next year, leading to the referendum on southern independence in 2011, ar...
Volume: 51Issue: 33Published at Mon, 18 Aug 2008 -
Greece Emerges As Major Gas Player With Participation In South Stream Pipeline
...ropean market. On 16 April Iraq’s Oil Minister Husain al-Shahristani promised to export at least 5 bcm/y of gas to the European market by 2011, according to a statement issued by Mr Piebalgs’ office. Dr Shahristani did not specify the routing through which exports would reach Europe or the pr...
Volume: 51Issue: 33Published at Mon, 18 Aug 2008 -
Agrium, Egyptian Government Reach Agreement On Eagrium Project
...pacity to approximately 2mn t/y of urea. Agrium’s share of production would be 175,000 t/y of urea until the expansion is complete in 2011, after which it would increase to approximately 525,000 t/y. “We anticipate earning contributions to commence in the fourth quarter of this year. The original Ea...
Volume: 51Issue: 33Published at Mon, 18 Aug 2008 -
Nematzadeh Announces Finalization Of Contract For New Condensate Refinery
...ndensate splitters, is expected to start up in 2011 (MEES, 14 April)....
Volume: 51Issue: 33Published at Mon, 18 Aug 2008 -
Spain Relents On Medgaz But Algeria Seeks Mediation On Gassi Touil
...o-year freeze on the construction of the Arzew plant, instead transporting the gas by pipeline between 2009 and 2011. Cinco Dias says Sonatrach asked the Paris Chamber of Arbitration in July to mediate in the dispute, hoping that it will find a solution acceptable to the various parties wi...
Volume: 50Issue: 33Published at Mon, 13 Aug 2007 -
Supply/Demand Fundamentals Will Trigger OPEC Output Hike, Says ESAI
...til 2011-12, when falling spare capacity once again supports the crude markets. Refining: The massive investment in new refining capacity coming on-stream in the next few years should bring refining margins down sharply from their current highs. The market is poised for a major correction. Ga...
Volume: 50Issue: 33Published at Mon, 13 Aug 2007 -
Shaw Group Wins LPG FEED Contract At Hassi Messaoud
...cility at the giant Hassi Messaoud oilfield in Algeria. The US engineering company said it expected the facility to be commissioned in 2011. Algeria is one of the world’s top LPG producers, with a current annual output of around 9mn tons. ...
Volume: 50Issue: 33Published at Mon, 13 Aug 2007 -
Foster Wheeler Wins Karan Gas Plant FEED Contract
...ream in 2011. The new onshore facilities are expected to deliver sales gas to meet the growing Saudi demand for gas. In addition, a small percentage of the sales gas will be utilized for the plant fuel and 640 ton/day of sulfur will be produced. The facilities will comprise gas processing trains, an...
Volume: 50Issue: 33Published at Mon, 13 Aug 2007 -
LNG Supplies Lined Up By South Korea And Taiwan
...supply from the proposed Northern LNG Terminal from 2011, with a potential penalty if the terminal was not completed on time. During 2008-11, CPC would be free to provide the gas from other sources, and the understanding was that early gas would come from Yung'an....
Volume: 46Issue: 33Published at Mon, 18 Aug 2003