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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 -
Ukraine To Relaunch LNG Project
...rm of Azeri LNG via Georgia’s Kulevi port by 2014. Mr Boyko said that the cost of building a regasification terminal in Odessa would not exceed $1bn and that there will be a “quick payback” on the investment. He added that the project would be backed by EU funds, without providing any additional de...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
Russia Expresses Interest In North Field Projects
...ojects to produce LNG from gas produced in the North Field, according to Russian state media. Government-owned RIA Novosti reported that Gazprom had expressed interest in partnerships in gas projects in Qatar, once a moratorium on expanding gas production on the offshore acreage is lifted in 2014, du...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
Gas Fields Bid Round In Iraq: Success With Risk
...stainable development on a national/macroeconomics level. It is worth recalling that the current National Development Plan (NDP) 2010-14 aims at increasing gas production from 800mn cfd to 2.75bn cfd in 2014 from 'Akkaz and Mansouriya as well as the associated gas produced in other parts of the co...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010