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Russia, Bulgaria Agree To Establish South Stream Joint Venture By Mid-November
...at called for the joint venture’s set up by February 2011 at the latest. The agreement stipulates that 17 bcm/y of the gas carried by South Stream would be delivered into the existing Bulgarian National Gas System which will remain under Bulgarian control. In July Bulgaria’s Energy Minister Tr...
Volume: 53Issue: 44Published at Mon, 01 Nov 2010 -
Russia, Greece Set Up Joint Committee on Burgas-Alexandroupolis
...e statement, adding: “The company’s 2011 work program aims at detailed study and volumetrics in order to put the discovery into operation in the near future.” KMG EP’s oil output has increased by 15% during the January-September 2010 period to 9.946mn tons (270,000 b/d). UK-based Ma...
Volume: 53Issue: 44Published at Mon, 01 Nov 2010 -
Alstom Signs Contract To Rehabilitate Najaf’s Power Plant
...ntract with Iraq to rehabilitate a unit with a capacity of 180mw at the gas-fired power plant at Najaf. The plant consists of three GT13D gas turbines. The unit, which has been out of operation for five years, is expected to be reconnected to Iraq’s electricity grid by the summer of 2011. The company si...
Volume: 53Issue: 44Published at Mon, 01 Nov 2010 -
Lebanon, Cyprus Confer On Offshore Economic Zones
...cond bidding round for 12 offshore blocks probably in the second half of 2011. Nicosia has stated that before it proceeds with the bidding round, it would prefer to have talks on the issue of offshore boundaries with its neighbors concluded....
Volume: 53Issue: 44Published at Mon, 01 Nov 2010 -
IMF Says Prospects For MENAP Region Have Improved
...covery, prospects for the Middle East, North Africa, Pakistan and Afghanistan (MENAP) have improved, the IMF says in its latest Regional Economic Outlook for October 2010. With almost every country in the region projected to grow faster in both 2010 and 2011 relative to 2009, plans have been put in pl...
Volume: 53Issue: 44Published at Mon, 01 Nov 2010 -
Gulfsands Discovers Oil At KHE-18 Well
...serves estimation process. The results of this process will be available during the first quarter of 2011. The company added that following the completion of operations on the KHE-18 well, the drilling rig Crosco 401 will move to the Twaiba-1 exploration well, located some 7 kms north northeast of th...
Volume: 53Issue: 44Published at Mon, 01 Nov 2010 -
Austria’s OMV Takes Control Of Turkey’s Petrol Ofisi For €1Bn
...s regarding the Turkish lira during 2011. Russia’s Lukoil intends to invest $100mn in Turkey in the near-term, according to Vagit Alekperov, Lukoil’s president. Speaking in Istanbul on 26 October, Mr Alekperov said investment would go toward expanding its oil distribution network, oi...
Volume: 53Issue: 44Published at Mon, 01 Nov 2010 -
Sanctioning The Islamic Republic: A New Global Wave
...early 2011. In addition to the verbal assaults and defiant posture, Tehran has also been quietly moving to meet all eventualities. Anticipating new US and Western sanctions, the groundwork has been laid to resist such punishments, or deflect their influence through: (1) stockpiling of ga...
Volume: 53Issue: 44Published at Mon, 01 Nov 2010 -
Qatar Rolls Out The LNG Mega-Trains
...the $12-18bn range given when the project was launched in 2006. Construction is 70% complete, says the QP source. “But it is not linear, the last 30% is going to be the hardest,” he says. Shell had hoped for start-up by late 2010, but this is believed to have slipped into early 2011, says the so...
Volume: 52Issue: 44Published at Mon, 02 Nov 2009 -
Italy’s Bonatti Awarded $150Mn El-Merk Pipeline Contract
...pected to come on-stream in late 2011 or early 2012 with output capacities of 135,000 b/d of crude oil, 150,000 b/d of condensate and 30,000 b/d of LPG (MEES, 10 August)....
Volume: 52Issue: 44Published at Mon, 02 Nov 2009 -
Iran Threatens To Replace Sofregaz On Varamin Project
...cently expressed an interest in the project. These companies include Germany’s KBB, Russia’s Stroytransgaz and Poland’s POGC. The Yort-e-Shah gas storage facility had been expected to start operations in 2011. The natural gas storage facility in the city of Varamin, 70km southwest of Tehran, will ha...
Volume: 52Issue: 44Published at Mon, 02 Nov 2009 -
Hanwha Wins Contract For Samra Power Plant Expansion
...ung Kim at the signing ceremony, which was attended by Jordan’s Minister of Energy and Mineral Resources Khaldun Qutaishat. The project, expected to be completed by 2011, should help address the kingdom’s growing electricity demands....
Volume: 52Issue: 44Published at Mon, 02 Nov 2009 -
Dubai To Be More Cautious In GRE Support, S&P Says
...andard & Poor’s Ratings Services (S&P) reports. The ratings agency estimates a total debt of $80-90bn owed by the emirate’s government and its related GREs, the majority of which will be due in 2011 and 2012. Cumulative debt repayments over the next three years for Dubai-based GREs are speculated to am...
Volume: 52Issue: 44Published at Mon, 02 Nov 2009 -
EU Calls For Ceasefire, Reforms In Yemen
...rliament and parliamentary groups as part of efforts to improve the electoral system, following the failure of the ruling party and opposition to agree to the holding 2009 elections. The council called for elections in 2011. “The EU will continue to accompany Yemen on this difficult reform path and of...
Volume: 52Issue: 44Published at Mon, 02 Nov 2009 -
Political Comment (2 November 2009)
...mid-2010 and withdraw altogether by the end of 2011. 'Abbas Sets Election Date In a move which probably signals the demise of Egyptian attempts to end to the rift at the heart of the Palestinian movement by mediating a rapprochement between Fatah and Hamas, Palestinian President (and Fatah le...
Volume: 52Issue: 44Published at Mon, 02 Nov 2009 -
GCC Countries To Meet On Gulf Power Grid Project
...oject and to sign a power trading agreement. The $3.9bn project is designed to link GCC members’ domestic power systems by 2011. Speaking in Abu Dhabi on 26 October, Yusuf Ahmad Janahi, chairman of the GCC Interconnection Authority, said Phase 1 of the project, which began in 2001, was 80% complete an...
Volume: 51Issue: 44Published at Mon, 03 Nov 2008 -
Political Comment (3 November 2008)
...e American presence beyond 2011 and the right to declare the agreement void if the US unilaterally attacks any of Iraq’s neighbors, it is hardly surprising that the move went down badly in Washington, where White House spokeswoman Dana Perino said on 28 October that “we think the door is pretty mu...
Volume: 51Issue: 44Published at Mon, 03 Nov 2008 -
Kuwait Oil Sector Leadership Changes Aimed At Achieving Greater Upstream Efficiency
...oduction target of 50,000 b/d by 2011, 250,000 b/d by 2015 and 700,000-900,000 b/d by 2020. Discussions on the details of the project are continuing, with the hope that a final agreement can be reached by July 2008, KOC’s director of northern oilfield operations Khalid al-Sumaiti told a conference in th...
Volume: 50Issue: 44Published at Mon, 29 Oct 2007 -
Egypt Refinery At The Center Of Citadel Capital’s Energy Expansion
...d the two recently financed petrochemical ventures (MEES, 24 September). Held by Citadel, its co-investors and government-owned oil producer, the Egyptian General Petroleum Corporation (EGPC) through newly created Egyptian Refining Company (ERC), the refinery will start up in 2011 producing 2....
Volume: 50Issue: 44Published at Mon, 29 Oct 2007 -
Market Risks In A Changing LNG World: Exploring Alternative Mitigation Strategies For MENA Projects
...G The strong demand outlook has encouraged LNG expansion in Qatar, Oman and Egypt. New projects are expected in Yemen, Algeria, and possibly Libya.3 The resulting additional capacity due to come on stream between 2007 and 2011 in the Arab world will be 74mn tons/year, 69% of which is in Qatar (Ta...
Volume: 49Issue: 44Published at Mon, 30 Oct 2006