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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: 34Published at Mon, 23 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: 34Published at Mon, 23 Aug 2010 -
OPEC Warns Of Second Half Slowdown
...ude Oil Production 28.71 29.18 29.10 Balance -0.27 0.95 1.40 Totals may not add up due to independent rounding. OPEC’s Summarized Oil Supply/Demand Balance For 2011 (Mn B/D) 2010 1Q...
Volume: 53Issue: 34Published at Mon, 23 Aug 2010 -
Rosatom Schedules Loading Of Fuel At Bushehr Nuclear Plant
...at time Bushehr should be able to generate 500mw of power. Full generating capacity of 1.0gw is expected to be reached in early 2011....
Volume: 53Issue: 34Published at Mon, 23 Aug 2010 -
NBK Says Kuwaiti GDP Recovery On Track After Sharp Fall In 2009
...r GDP to grow 18% this year – by 3.0% in real terms and a stronger 4.3% in 2011. The improvement should come as more large projects come on line. (Official figures for real GDP in 2009 have not yet been released).” With oil representing 46% of GDP in 2009, NBK says the Kuwaiti economy still needs to...
Volume: 53Issue: 34Published at Mon, 23 Aug 2010 -
Lebanese Parliament Ratifies Offshore Hydrocarbons Law
...fshore Israel and plans to soon begin exploration in the Leviathan structure, where potential reserves are estimated at 16 trillion cu ft (MEES, 16 August). The new law is intended to regulate the process of surveying, exploration and production of hydrocarbons in the offshore. By the end of 2011, Le...
Volume: 53Issue: 34Published at Mon, 23 Aug 2010 -
Nareva Awarded Morocco Wind Park Construction Contract
...the project and construction start and end dates would be revealed in the coming weeks. The facility is expected to be completed by the end of 2011 and is part of a wider MD31.5bn ($3.64bn) program to install 2.0gw of wind power capacity by 2020. The kingdom plans for renewable energy to make up to...
Volume: 53Issue: 34Published at Mon, 23 Aug 2010 -
China To Build Four Large Ships For Oman
...pected to be delivered in 2011 and the remaining two in 2012. The agreement was signed by the Omani Minister of National Economy Ahmad Makki and the chairman of the bank Li Ruogu. Mr Makki said that he looks forward to more participation by Chinese companies in Omani projects already underway, such as th...
Volume: 53Issue: 34Published at Mon, 23 Aug 2010 -
GDF Suez/IP Merger Gives Company 14.7GW Combined Middle East Power Capacity
...GDF Suez Bahrain Al-Dur 1 1,230 50 2011 Bahrain Al-Hidd* 938 30 2007 Bahrain Al-Ezzel 950 45 2006 Saudi Arabia Marafiq 2,750 20 2009 Oman Al-Ma...
Volume: 53Issue: 34Published at Mon, 23 Aug 2010 -
North Africa Forges Ahead With Refinery Upgrades, Expansions More Elusive
...amant that the project will be completed by the second quarter of 2014. However, he concedes that the global financial crisis, which caused difficulties in securing financing and procuring materials, has delayed the project and driven up the costs. It was originally due on stream in 2011 at an estimated co...
Volume: 52Issue: 34Published at Mon, 24 Aug 2009 -
Putin’s Visit To Ankara Signals Partial Shift In Russian Gas Strategy
...vember 2010. This is the second time that Russia has brought forward South Stream project deadlines. Originally work on the Black Sea routing was not intended to start before late 2011 or early 2012. Now Russia appears to be in a hurry. Ukraine, no matter what the composition of the next government in...
Volume: 52Issue: 34Published at Mon, 24 Aug 2009 -
Political Comment (24 August 2009)
...erican plans to withdraw all combat troops from Iraq by August 2010 and to leave the country altogether by the end of 2011. Hamas Confronts Salafists With the Palestinian leadership already divided between the secular nationalists of Fatah in the West Bank and the Islamists of Hamas in Gaza, a fu...
Volume: 52Issue: 34Published at Mon, 24 Aug 2009 -
Iraq’s TSA Contracts Postponed Awaiting Cabinet Approval, KRG Projects Progressing
...lumes of 3.5 bcm/year are expected to flow from 2011, possibly increasing to more than 10 bcm/y. “The Inci Gaz companies plan to make the necessary infrastructure investments to transport and supply the natural gas to the Turkish market and potential foreign consumers,” a statement said. “Now Eu...
Volume: 51Issue: 34Published at Mon, 25 Aug 2008 -
Samsung Engineering Wins EPC Contract For Bahrain Base Oil Plant
...l shipping port exists, will have a capacity of 400,000 tons/year of very high viscosity index (VHVI) base oil for use in lubricants blending, and is scheduled to be completed by April 2011. Total investment in the project is expected be around $430mn. The contract is Samsung’s first in Ba...
Volume: 51Issue: 34Published at Mon, 25 Aug 2008 -
UN Attempts To Rescue Sudan’s Faltering Comprehensive Peace Agreement
...d the south in order to hold a census, which will in turn enable elections in 2009 and a referendum on unity in 2011. Like the ICG, the Small Arms Survey, a Swiss-based independent research group, warns in a report published in July that the border demarcation and census are far behind schedule, wh...
Volume: 50Issue: 34Published at Mon, 20 Aug 2007 -
NIORDC Clarifies Iran’s Crude Distillation Capacity Expansion Plan
...UD Distillation Kermanshah Expansion 2009 18 Early stage Distillation Bandar Abbas New Refinery 2011 160 UD...
Volume: 49Issue: 34Published at Mon, 21 Aug 2006