1. PTT Extends Algerian Finds

    ...dding, comprises Blocs 443a, 424a, 414xt and 415ex around 100km south east of the Bir Seba field, PTT’s other Algerian upstream interest.   Production from Bir Seba and the nearby Mouiat Oulad Messaoud field on Blocks 433a and 416b is slated for start-up at 20,000 b/d in the first half of 2014...

    Volume: 55
    Issue: 51
    Published at Fri, 14 Dec 2012
  2. SWCC Awards Yanbu’ 3 Power Plant As Capacity Expansion Takes Shape

    ...at 55% of work had been done on the Ras al-Zour power and desalination project, for which contracts worth a combined SR15.7bn ($4.2bn) were awarded in November 2010. He said that electricity generation at Ras al-Zour was scheduled to start in April 2013, while desalination would begin in 2014. The Ra...

    Volume: 55
    Issue: 51
    Published at Fri, 14 Dec 2012
  3. Qatar’s Barzan Becomes World’s Largest 2011 Project Financing

    ...d and Phase 3 another 2.5bn cfd. Start-up is earmarked for 2014 and it is expected to ramp up to produce at least 100,000 b/d of condensate as well as 1.4bn cfd of gas. The main engineering procurement and construction (EPC) contractors are Japan’s JGC (onshore) and South Korea’s Hyundai Heavy In...

    Volume: 54
    Issue: 51
    Published at Mon, 19 Dec 2011
  4. SAFCO Awards Saipem Contract For Jubail Fertilizer Plant

    ...2bn ($533mn). The plant is expected to start commercial production in the third quarter of 2014. SAFCO will utilize its own resources to finance the project, according to SABIC’s Chairman and CEO and SAFCO’s Chairman, Muhammad al-Mady. The new project, he said, “will strengthen SAFCO’s operational pe...

    Volume: 54
    Issue: 51
    Published at Mon, 19 Dec 2011
  5. Iran Casts Wary Eye On Shared Field As Qatar Celebrates LNG Success

    ...eaky horizontal drilling,” a state-owned Qatar Petroleum (QP) official tells MEES. “Qatar’s best drilling sites are right on the median line, so if there is migration it would go our way,” he said. Qatar has a moratorium until 2014 on new projects in the field, while QP completes its study into re...

    Volume: 53
    Issue: 51
    Published at Mon, 20 Dec 2010
  6. Naimi Likely To Stay At Helm Of No 1 Global Oil Power

    ...entually discarded ExxonMobil-led Core Venture 2 of the Saudi Strategic Gas initiative, proposed in the early part of the decade. Closer at hand, the offshore Middle East Gulf 1.8bn cfd Karan gas development is set to start up next year. In 2014 the 2.5bn cfd Wasit gas plant, which will process gas fr...

    Volume: 53
    Issue: 51
    Published at Mon, 20 Dec 2010
  7. Shuweihat S3 Power Deal Suggests Dip In Financing Costs

    ...wer in summer 2013 and then gear up to full rates of 1.6gw before the 2014 summer peak loading period. It will be fueled by gas. Once the PPA is signed, ADWEA is expected to make a decision on the next IWPP or IPP. This was originally going to be Taweelah C, which was supposed to have been launched as...

    Volume: 53
    Issue: 51
    Published at Mon, 20 Dec 2010
  8. SEC Finalizes $1.33Bn Islamic Financing With Local Banks

    ...ogram, which will see approximately SR21bn ($5.6bn) invested in three new power plants – at Rabigh, Riyadh and Qurayah – between April 2012 and April 2014, adding 5.2gw in new capacity (MEES, 4 October)....

    Volume: 53
    Issue: 51
    Published at Mon, 20 Dec 2010
  9. New Petkim Owners Plan Major Investments

    ...tkim to produce chemicals that Turkey now imports. Mr Aksoy also said the group would invest $4bn-5bn to build a new refinery with a 6mn-8mn tons/year capacity at the Petkim site that would come on-stream before 2014. The new investment includes developing the company’s port and teaming with Ge...

    Volume: 50
    Issue: 51
    Published at Mon, 17 Dec 2007