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Noble Energy Could Expedite Offshore Drilling Program, Says Cyprus Energy Official
...ergy, which holds the only production sharing contract (PSC) with the Cyprus government, is required in accordance with the PSC to drill one well in Block 12 between October 2011 and October 2013 (MEES, 8 November). However, Mr Kassinis said Noble may decide to move ahead with its schedule in Cyprus on...
Volume: 53Issue: 50Published at Mon, 13 Dec 2010 -
Iraqi 2011 Draft Budget Projects Steep Decline In Deficit To $12Bn
...Middle East Economic Survey VOL. LIII No 50 13-Dec-2010 IRAQ Iraqi 2011 Draft Budget Projects Steep Decline In Deficit To $12Bn The Iraqi cabinet has approved a draft budget for 2011 wi...
Volume: 53Issue: 50Published at Mon, 13 Dec 2010 -
NEPCO Prequalifies Bidders For Jordan’s Third IPP Project
...e in March 2011. Jordan inaugurated in October 2009 its first IPP, the ʹAmman East Power Project (MEES, 2 November 2009)....
Volume: 53Issue: 50Published at Mon, 13 Dec 2010 -
US Consultancy To Assess Prospects For GCC Nuclear Power Cooperation
...er a six-month period and will be completed by the second quarter of 2011. The GCC formalized the contract with Lightbridge and its partner Exelon Generation Company. The firm will perform a group of studies to identify the relative value and implementation options that could result from regional co...
Volume: 53Issue: 50Published at Mon, 13 Dec 2010 -
Saudi Kayan Starts Trial Operations At Jubail Phenolics Plant
...0,000 t/y bisphenol-A plant. The majority of the BPA will be used as feedstock for the production of polycarbonates. The polycarbonates unit is planned for trail start-up in the first half of 2011, the company said. In August, Saudi Kayan started seeking extra funds following the rise in capital ex...
Volume: 53Issue: 50Published at Mon, 13 Dec 2010 -
Sudan Leaders Agree On Post-Referendum Oil Field Security
...P) and the south’s Sudan People’s Liberation Movement (SPLM). Security arrangements after 9 July 2011 will depend on directives made by the two parties following the declaration of the vote’s result, said Vice-President 'Ali 'Uthman Muhammad Taha and his southern counterpart Riek Machar. The ag...
Volume: 53Issue: 50Published at Mon, 13 Dec 2010 -
Russia Prepared To Assist Sudan In Its Efforts To Obtain Debt Relief
...ing “irrevocable” according to the Russian envoy. “After the referendum in South Sudan in January 2011, Russia will be interested in seeing possibilities for economic development emerging both in the south and north of Sudan, therefore we will have to discuss the question of lifting the embargo im...
Volume: 53Issue: 50Published at Mon, 13 Dec 2010 -
Doha Rules Out New Gas Export Projects Post-Moratorium
...esented challenges. Excess water may have been an issue with Train 4, MEES understands. Qatari sources reject suggestions that any geological factor has changed policy, such as the extension to the moratorium, which was to have been lifted in 2011. “There has been no change,” said Mr Kaʹabi. “The mo...
Volume: 52Issue: 50Published at Mon, 14 Dec 2009 -
EBRD Encourages Kazakhstan To Diversify Away From Hydrocarbons
...Energy and Mineral Resources of Kazakhstan, extending the contract until 10 March 2011. This allows for further testing of the AKD01 exploration well, which has been drilled to a depth of 3,414ms and encountered two hydrocarbon zones....
Volume: 52Issue: 50Published at Mon, 14 Dec 2009 -
Iran’s MAPNA Wins Syrian Contract For Power Plant
...th a capacity of 450mw, which will raise generation capacity at the Jandal Power Plant near Homs. The contract for €280mn will be financed by Syria and the project is scheduled for completion by the end of 2011. This is MAPNA’s second contract in Syria, the first being the extension of the Tishreen po...
Volume: 52Issue: 50Published at Mon, 14 Dec 2009 -
IEA Medium-Term Outlook Trimmed To Reflect Economic Slowdown
...els and other products will rise, but the former will post a faster pace of growth (+3.1% per year) than the latter (+2.8% per year).” IEA World Oil Supply And Demand Outlook 2008-13 (Mn B/D) 2008 2009 2010 2011 2012 20...
Volume: 51Issue: 50Published at Mon, 15 Dec 2008 -
Putin Increases Pressure On Ukraine To Repay Gas Debt
...liveries if the debt dispute is not settled before the end of December. According to the October agreement, Russia would charge Ukraine less than the European-level gas price until 1 January 2011, with the two parties agreeing on a steady price for a two-year transition period in 2009-10. Ukraine says th...
Volume: 51Issue: 50Published at Mon, 15 Dec 2008 -
Twenty-One Companies Pre-Qualified For Area 47, As Verenex Mulls Its Options
...early November, $800-850mn would need to be spent on bringing the oil and gas discoveries at the ‘A’ field on-stream by 2011, at initial rates of 50,000 b/d and 50mn cfd respectively. Verenex and Medco would shoulder 25% of the costs each, with NOC funding the rest. Under the EPSA-4 contract, Ve...
Volume: 51Issue: 50Published at Mon, 15 Dec 2008 -
Sonatrach And Gaz De France Extend LNG Contracts To 2019
...eld development plan to the Algerian authorities during the summer of 2007 and production is due to start up in late 2011 (MEES, 7 May, 26 February). Khelil: Long-Term Gas Contracts May Be Scrapped Algerian Minister of Energy and Mines Chakib Khelil was quoted on 3 December by state news agency AP...
Volume: 50Issue: 50Published at Mon, 10 Dec 2007 -
GE To Supply Compression Trains For NCP Ethylene Project
...evron Phillips – SCP) ethylene cracker plant in Jubail, which will have a 1.165mn t/y capacity when it comes on-stream in 2011. The compression trains will consist of cracked gas, propylene refrigerant and binary refrigerant compressors, and are being manufactured by GE Oil & Gas at its facilities in...
Volume: 50Issue: 50Published at Mon, 10 Dec 2007 -
Pars LNG And China Sign 3Mn T/Y Preliminary LNG Supply Agreement
...rst deliveries in 2011 (MEES, 10 July). Iran’s efforts to secure combined upstream/LNG sales agreements with China and India have so far not succeeded because of LNG pricing differences (MEES, 4 December)....
Volume: 49Issue: 50Published at Mon, 11 Dec 2006 -
Saudi Hollandi Bank To Issue Bond
...ll depend on investors’ demand. The subordinated callable floating rate notes are tradable and have a maturity term of seven years (they are due in 2011). The special feature of this offering is to grant the issuer a call option after a five-year period. While this structure is in line with tier-II...
Volume: 47Issue: 50Published at Mon, 13 Dec 2004 -
…Qatar Airways Increases Previous Aircraft Order By $1.2Bn
...VOL. XLVI No 50 15-December-2003 INFRASTRUCTURE QATAR …Qatar Airways Increases Previous Aircraft Order By $1.2Bn Qatar Airways has said that it will increase its fleet to 52 aircraft in the next five years and to 56 aircraft by 2011 and has recently extended its previous order to bu...
Volume: 46Issue: 50Published at Mon, 15 Dec 2003