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Qatargas Inks $7bn UK LNG Deal With Centrica
...QATAR Qatargas Inks $7bn UK LNG Deal With Centrica Qatargas has signed a $7.1bn sales and purchasing agreement (SPA) with UK utility Centrica, to supply up 3mn tons/year of LNG to the Isle of Grain terminal in southeast England. The June 2014-December 2018 deal succeeds a pr...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
RAK Plans Solar And Water Bids, Eyes Coal
...UAE RAK Plans Solar And Water Bids, Eyes Coal Ras al-Khaimah (RAK) plans to invite bids for separate solar power and desalination plants worth a combined $450mn in a tender to be organized in 2014 by local private utility Utico. The solar plant will have 20MW capacity, wh...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
OPEC Output Edges Up On Partial Recovery in Libya, Iraq
...believe production levels will only recover to around 1.3mn b/d through 2014,” it continued. Iraq Boost Iraq meanwhile boosted crude production in October by more than 120,000 b/d to 2.98mn b/d, despite reduced flows of crude oil through the key export pipeline extending from Kirkuk in the no...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
TAQA Turns A Profit
...the full commissioning of both units by early 2014." TAQA - Oil and Gas Output 3Q13 3Q12 North America Crude (‘000 b/d) 17 16...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
Iran: Official Inflation 40%, Real Rate May Be Double
...anian year on 20 March 2014. This would be done by curbing liquidity growth (which rose more than five times in the past seven years) and adopting suitable monetary and fiscal policies. Some officials claim that the payment of cash handouts under the subsidies reform plan, initiated by the former go...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
Syria: 2014 Budget
...SYRIA Syria: 2014 Budget Syria’s draft budget law for 2014 envisages total expenditure of S£1,390bn ($10bn at the current official rate of $1=S£139), virtually unchanged from S£1,383bn ($9.9bn) in 2013. The 2014 budget consists of S£1,010bn ($ 7.3bn) for current ex...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
World Bank’s ‘Doing Business’ Rankings, 2014*: MENA And Selected Other Countries
...World Bank’s ‘Doing Business’ Rankings, 2014*: MENA And Selected Other Countries COUNTRY 2014 **(vs ‘13) COUNTRY 2014 (vs ‘13) CO...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
Iraqi Oil Sector Set For Major Change
...d his political ally, Deputy Prime Minister, Husain al-Shahristani. The latter is widely talked of as a challenger to Mr Maliki in the 2014 elections. Despite the recent agreement over a restart to KRG oil exports and a face-to-face meeting with his rival KRG Natural Resources Minister, Ashti Ha...
Volume: 55Issue: 45Published at Fri, 02 Nov 2012 -
Libya’s AGOCO Looks To New Ghadames Production Heartland
...-4 to the east the 15mn barrels Tlascin field. In addition to Agoco, Italy’s Eni is planning to take advantage of synergies from the Medco development with plans to produce 10,000 b/d of crude from Ghadames Basin Block NC-118 from late 2014 (MEES, 20 August). Production would flow via a 60...
Volume: 55Issue: 45Published at Fri, 02 Nov 2012 -
MENA Solar Power Progressing In Small Steps
...scheduled for completion by 2014. Masdar has also developed three CSP plants in Spain, one of 20mw capacity and two of 50mw. Morocco is an early pace-setter in MENA solar, having committed to build the first of a number of plants intended to provide 2.0gw of power by 2020. The Mo...
Volume: 55Issue: 45Published at Fri, 02 Nov 2012 -
Banks Hold Road Show For TAQA $2Bn Loan
...mpany Energie Beheer Nederland (EBN) holding the remaining 40%. The partners are expecting to invest upwards of $1bn in the project which will start up in April 2014, and reach full capacity in April 2015. Jan Willem van Hoogstraten, managing director of TAQA’s Dutch branch said capacity co...
Volume: 55Issue: 45Published at Fri, 02 Nov 2012 -
MENA Turns To Solar Power For EOR As Well As National Grids
...the Neutral Zone, whose production is shared 50:50 by Kuwait and Saudi Arabia. Chevron says it could increase production by an additional 500,000 b/d. A final investment decision on the full field steam injection program is scheduled for late 2014, with first injection scheduled for late 2017. So...
Volume: 54Issue: 45Published at Mon, 07 Nov 2011 -
Tecnimont Wins Contract For Fertilizer Plant In Egypt
...d commissioning contract on a lump sum turnkey basis, to set up a new fertilizer complex in the industrial area of the Aswan Governorship. The overall project value is set at about $540mn and completion is expected by the end of July 2014, Tecnimont said in a company statement on 31 October. The fe...
Volume: 54Issue: 45Published at Mon, 07 Nov 2011 -
Qatar Inaugurates Construction Of Barzan Gas Field Development
...Middle East Economic Survey VOL. LIV No 45 7-Nov-2011 QATAR Qatar Inaugurates Construction Of Barzan Gas Field Development Qatar inaugurated the construction of the $10.3bn, 1.4mn cfd Barzan gas project on 1 November. Barzan gas production is scheduled to start up in 2014, wi...
Volume: 54Issue: 45Published at Mon, 07 Nov 2011 -
UAE OPEC Governor Says Production Capacity On Target
...d the onshore 2bn cfd Habshan 5 gas processing plant expansion project. Both are targeted for operational start-up in early 2014. The Abu Dhabi Gas Industries (GASCO) Habshan 5 plant will also take associated feedstock from onshore oil fields, which are expanding production capacity to 1....
Volume: 54Issue: 45Published at Mon, 07 Nov 2011 -
TAQA Looking To Iraq As Part Of Pursuit Of Synergies, New CEO Says
...oject in the Netherlands (MEES, 29 August) will all start to turn into cash in 2014-15. So I’m not expecting to see a dramatic acceleration in the company’s earnings until we get past that point,” he continued. Mr Sheldon also revealed that a group of company officials were due to travel to Ghana in...
Volume: 54Issue: 45Published at Mon, 07 Nov 2011 -
North Africa’s Investment Star Wanes
...heduled to come on stream in the second quarter of 2014 at a targetted capital investment of $920mn. Total is struggling to keep costs to below $1bn, MEES understands. Low gas prices have pushed Algeria into stopping spot gas sales (MEES, 11 October). A number of foreign operators had output slashed ea...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
Abu Dhabi Plans Artificial Islands To Boost Oil Output By 470,000 B/D
...kum expires in 2026, and ZADCO’s operating concession for offshore fields Umm al-Dalkh and Satah expires in 2018. While ExxonMobil is happy with its ZADCO partners, it is not however content with its position in ADNOC’s onshore oil company ADCO, whose agreement expires in 2014. ExxonMobil has a 9....
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
OPEC Sees Future Riven With Uncertainty Despite Tentative Economic Recovery
...dium term demand projections from last year’s WOO, but higher projections for non-OPEC supply means the call on OPEC crude remains constrained until 2014, the report highlights. The WOO’s reference case now predicts demand growth of 1mn b/d this year, more than double that expected in last ye...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
Egypt Poised To Hit GDP Growth Target, But Long Term Challenges Linger
...onomy,” he said, noting expectations of improved capital inflows from Europe and the US in 2011, once the liquidity issue is resolved. Furthermore, the Ministry of Finance plans to reduce the overall fiscal deficit to 7.7% in 2010-11, gradually cutting it to 3.5% of GDP by 2014-15. This is optimistic, gi...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010