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Iran Boosts Domestic Gasoline Production
...untry’s gasoline production capacity will rise by 188,700 b/d before the end of the current Iranian year on 20 March 2011 (MEES, 25 October). But few outside Iran’s political system take the government’s claims seriously. Consequences For Domestic Petrochemical Industry Any increase in production is...
Volume: 53Issue: 44Published at Mon, 01 Nov 2010 -
Sanctions Slow Iran’s Condensate Export Growth
...scounted price to Iran.” Iran Base-Case Condensate Supply Outlook (‘000 B/D) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Current Pr...
Volume: 53Issue: 44Published at Mon, 01 Nov 2010 -
SABIC Sees Good Appetite For First International Bond Issue
...om 2011 onward, according to S&P’s calculations....
Volume: 53Issue: 44Published at Mon, 01 Nov 2010 -
Crude Price Stability Depends On Saudi Arabia, Says CGES
...10 1Q11 2Q11 3Q11 4Q11 2009 2010 2011 World Oil Demand 86.9 86.7 87.5 87.5 87.8 88.5 84.7 86.6 88.0 Non-OPEC Supply 52.3 52...
Volume: 53Issue: 44Published at Mon, 01 Nov 2010 -
Russia, Turkmenistan Decide to Postpone Pre-Caspiysky Gas Pipeline
...e to the drastic fall in European demand for gas, as a result of the global economic downturn. Mr Sechin, who is understood to have offered Turkmengaz an increase of only 2 bcm/y for 2011 over existing import quantities of around 10 bcm/y, noted that the project’s delay is temporary and its fu...
Volume: 53Issue: 44Published at Mon, 01 Nov 2010 -
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