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Iraqi Hydrocarbon Tensions Ratchet Up
...ditional statement that high oil prices had enabled exports in the first seven months of the year to cover the entire 2011 budget needs, “which indicates that Iraq can achieve a high surplus.” Nevertheless any fall in oil price or let-up in the current intense rates of southern loadings could well br...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
Kuwait Increases LNG Imports And Fuel Oil Exports
...the first eight months of 2011 compared to the same period last year, and looks set to continue imports into November – a month beyond its contracts with Shell and Vitol to provide cargoes until October. A KPC source says Kuwait’s Committee to study building permanent LNG import facilities ha...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
BP Eyes Expansion Of 1Bn CFD Oman Gas Project
...ird quarter 2011, due to a delay in starting up the EWT and the need to await results from a second horizontal well. BP will submit the field development plan to the government by the end of the first quarter 2012. It will then go to tender for engineering procurement and construction (EPC) co...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
Multi-Billion Dollar Financing Proposal Boosts Nabucco Project
...ch agency, Nabucco said. Soon after, ECAs and international banks are expected to commence their due diligence, with commitments from potential lenders being sought in 2011 and the wrapping up of the entire financing package planned for the second half of 2011, said Nabucco. However, some financiers su...
Volume: 53Issue: 37Published at Mon, 13 Sep 2010 -
Egypt Courts More Hydrocarbons Investment
...ned affiliate Ieoc, with the remainder owned by Lukoil (24%) and Mitsui (20%). Agiba, a joint operating company owned equally by Ieoc and EGPC, is the operator. Agiba plans to ramp up production via four more wells in 2010 and 2011, to 3,000 b/d of oil equivalent (boed). It is part of Eni’s strategy to...
Volume: 53Issue: 37Published at Mon, 13 Sep 2010 -
OPEC Sees Uncertain 2H10 Demand, Eases Output In August
...en downgraded by 100,000 b/d for both 2010 and 2011. Stocks continue to rise, weighing on the market, the MOMR noted. US commercial stocks are at their highest level since January 1993. And “at 361.7mn barrels, US crude oil stocks continued their contra-seasonal build to reach the highest level si...
Volume: 53Issue: 37Published at Mon, 13 Sep 2010 -
Robust Deal Flow In Energy Project Financing
...llar MENA projects are continuing to attract funding. Both sponsors and lenders are encouraged by conditions which are considerably more stable than the immediate aftermath of the financial crisis. They expect the deal flow to remain robust through the rest of the year and into 2011. In fact, many are pr...
Volume: 53Issue: 37Published at Mon, 13 Sep 2010 -
Basri Proposes New Approach To Budget Planning In Iraq
...under 20% of it value in 2009, according to Dr Basri’s scenario. Iraq Budget Projections: 2010-14 ($Mn) 2009 2010 2011 2012 2013 2014 Oil Revenue 36,000 49,680 58,500 69,984 83...
Volume: 52Issue: 37Published at Mon, 14 Sep 2009 -
Iraq’s Power Master Plan Seeks To End Electricity Blackouts By 2011
...Middle East Economic Survey VOL. L No 36 10-September-2007 Iraq’s Power Master Plan Seeks To End Electricity Blackouts By 2011 Iraq’s master plan for the electricity sector aims to end load-shedding by 2011 while at the same time increasing per capita electrical consumption fr...
Volume: 50Issue: 37Published at Mon, 10 Sep 2007 -
Iran Launches Strategy To Reduce Gasoline Imports As Sanctions Threat Looms
...0 B/D) Abadan Upgrade 2008 360 - 360 Replacement of 180,000 b/d crude units. New 45,000 b/d FCC Abadan New Refinery 2011...
Volume: 49Issue: 37Published at Mon, 11 Sep 2006