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Foreign Investors Look For Streamlined Algerian Oil Bureaucracy As Shell Exits
...and-off over the price Sonatrach will pay for the gas; Total hopes – especially in light of the revisions to Algeria’s oil law – that the terms will reflect the difficulty of developing what it considers to be ‘unconventional’ deposits. Total has put back estimated first production to 2017...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Thailand’s PTT, PetroVietnam and China’s CNOOC Expand In Algeria
....25% 2.9 3tcf reserves. Development approved late 2011 Q3 2017 'Ain Tsila Petroceltic 37%op, Sonatrach 51%, ENEL 12% 30 3....
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
East Asian Firms Come Of Age In Middle East With Iraq Investment Drive
...t Malaysia’s Petronas too is significant, leading the 230,000 b/d Garraf project and with stakes also in Halfaya and Majnoon. While Iraq is unlikely to want to reach its overly-ambitious 2017 plateau target of 7.28mn b/d, East Asian firms can realistically be looking at participation in 2.73mn b/d of...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Cyprus Tenders For Short-Term Gas Supply
...s offshore, that resource is unlikely to be available for domestic use before 2017-18. “DEFA therefore requires a short-term supply of natural gas to provide an alternative energy supply to Cyprus for the period to 30 September 2018 while the project for the commercialization of Cyprus’ own natural ga...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Jordan Signs MOU With Canadian Firm For Shale Oil Project
...art production at the rate of 20,000 b/d of crude from shale oil by 2016. It also plans to complete a 460mw power plant by 2017 which would burn shale oil. A second Jordanian-British firm, Karak International Oil (KIO), is exploring near the city of Karak, 100km south of ‘Amman and intends to produce up...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012