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Bankers Shrug Off Downturn To Finance Qatar’s $10Bn Barzan Gas/NGL Project
...w pricing Saudi’s Satorp secured last year. Barzan will boost the country’s already climbing NGL output – which will include 500,000 b/d of condensate and 10.7mn tons/year of LPG by the end of 2011. It will start up in 2014 and ramp up to 100,000 b/d of condensate. The $7.2bn debt financing fo...
Volume: 54Issue: 38Published at Mon, 19 Sep 2011 -
KRG Crude Exports Interrupted As Irbil/Baghdad Tensions Rise
...provide 100,000 b/d to the federal treasury – a contribution needed for the 2011 budget. In return, the KRG would receive around half the revenues to pay oil investors their costs. KRG crude exports rose sharply, hitting 175,000 b/d in June before declining in both July and August (MEES, 12 Se...
Volume: 54Issue: 38Published at Mon, 19 Sep 2011 -
Gulf Condensate And Naphtha Exports To Increase
...ndensate and naphtha exports – despite Iran’s gas projects almost grinding to a halt – according to a report by Asia Pacific Energy Consulting (APEC). APEC’s report, Condensate East of Suez 2011 – NGL Impacts on the Light-End Balances, also says Gulf condensate prices are increasingly being de...
Volume: 54Issue: 38Published at Mon, 19 Sep 2011 -
Saudi Arabia Proposes Record Breaking Arms Deal With US
...dernize hardware and need to counter any insurgents from Yemen. “This will push the defense budget higher in 2010 and 2011, in absolute and percent terms,” he predicts. At this stage it is uncertain when spending on the US deal will kick in....
Volume: 53Issue: 38Published at Mon, 20 Sep 2010 -
Vegas And Shell Ramping Up Egyptian Production
...producing at 1,100 b/d. Subject to state owned Egypt Gas Petroleum Company (EGPC) approval, Vegas will implement a full field development plan in 2011. The consortium has invested almost $100mn in exploration, appraisal and development. The commercial feasibility of producing gas is being reviewed an...
Volume: 53Issue: 38Published at Mon, 20 Sep 2010 -
Europe Strengthens Energy Links With Africa, Despite Security Challenges
...rm is developing, and which are now expected to come on-stream in 2011, lie just next to Eni’s existing assets. FCP said earlier this year that the block’s gas processing plant would have an initial planned capacity of 260mn cfd of gas and 20,000 b/d of liquids (MEES, 31 March). Over the last ye...
Volume: 51Issue: 38Published at Mon, 22 Sep 2008 -
Egypt To Raise Crude/Condensate Output 100,000 B/D By Mid-2008
...oject in the governorate of Kafr al-Shaikh with an investment of around $10.5bn. The complex would be located at Matobas and would use 300,000 b/d of crude oil to be imported. Minister of Petroleum Sameh Fahmy said in 2006 that the Kafr al-Shaikh project was planned for completion in 2011. Under th...
Volume: 50Issue: 38Published at Mon, 17 Sep 2007 -
Saudi Arabia Targets 12.5Mn B/D Oil Capacity By 2009, Says Naimi
...pacity added in 2011. Manifa, which was discovered in 1958 and plugged in 1980, is problematic because of the high sulfur content in its Arab Heavy crude oil (28° API) reserves (MEES, 4 September). Saudi Arabia says its oil production capacity now stands at 11.3mn b/d following the inauguration of th...
Volume: 49Issue: 38Published at Mon, 18 Sep 2006 -
QP Urges LNG Lenders To Accept More Risk As Pricing, Spot Sales Evolve
...ock of engineering, procurement and construction (EPC) costs. While QP has not given clear indications on the length of the moratorium, Mr Kharbotli emphasized that LNG “has been and still is the bulk of QP’s investment.” Qatargas and RasGas (which will have a combined capacity of 77.2mn t/y by 2011...
Volume: 49Issue: 38Published at Mon, 18 Sep 2006