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‘Cancun Declaration’ Looks To Intensify Producer/Consumer Dialogue
...equently. The charter should be approved at a ministerial meeting which is scheduled to take place in Riyadh by March 2011. Delegates met in a “completely different energy landscape” from the last meeting in Rome two years ago. The oil market turmoil of 2008 has been the catalyst for driving this ex...
Volume: 53Issue: 14Published at Mon, 05 Apr 2010 -
2010 Outlook For Jordan Uncertain, Bank Audi Says
...spectively. “Within this context, careful management of discretionary spending will be needed going forward in order to consolidate public finances and bring public debt back within legislated limits,” says the bank, adding that if the 2010 budget is followed by another austere budget in 2011, the public debt to...
Volume: 53Issue: 14Published at Mon, 05 Apr 2010 -
Turkey’s Gas Imports Bill Totals $9.9Bn In 2009, Crude Imports $6.4Bn
...an or Iraq and Egypt. The energy plan calls for negotiations with Azerbaijan and Nabucco gas pipeline partners to be concluded this year in order for construction of the 3,300 km pipeline to begin in 2011, and for a gas pipeline link to be completed next year with Syria – through which Egyptian gas wo...
Volume: 53Issue: 14Published at Mon, 05 Apr 2010 -
Overseas Operations Push SABIC Into The Red
...clical chemicals a smaller part of its portfolio longer term. SIP will also help on the marketing side when SABIC launches the polycarbonate resin produced by the Kayan venture in 2011. SABIC did buy at the top of the market and things started going south very quickly, but the problems are not sp...
Volume: 52Issue: 17Published at Mon, 27 Apr 2009 -
IMF Says Lebanon So Far Unaffected By Global Financial Crisis
...ternational trends. Lebanon: Selected Economic Indicators 2006-14 2006 Prel Act 2007 Prel Act 2008 Est 2009 Proj 2010 Proj 2011 Proj 2012 Proj 2013 Proj 2014 Proj Output and Pr...
Volume: 52Issue: 17Published at Mon, 27 Apr 2009 -
Ma'aden Maintains 2010 Start-up Target
...its are all world class projects. The fertilizer plant is the biggest in the world,” the source said. Full output should be reached early in the first quarter of 2011. “Right now the main units are 42% complete,” he said. Ma'aden is also building the GCC’s first bauxite and aluminum project, wh...
Volume: 52Issue: 17Published at Mon, 27 Apr 2009 -
GDF Suez Begins Negotiations To Join Nord Stream Gas Pipeline Consortium
...rkey’s move to join the EU. Nord Stream is expected to become operational by late 2011 and is currently owned by Gazprom (51%), BASF/Wintershall (20%), E.ON Ruhrgas (20%) and Gasunie (9%)....
Volume: 52Issue: 16Published at Mon, 20 Apr 2009 -
Political Comment (20 April 2009)
...ymond Odierno, remains confident that the US will complete its withdrawal from Iraq by the 31 December 2011 deadline set by President Obama. Speaking on CNN, Gen Odierno acknowledged that “there are still some elements that are able to conduct some very serious attacks,” but, when asked to grade on...
Volume: 52Issue: 16Published at Mon, 20 Apr 2009 -
Sonatrach Signs Gas Supply Agreement With Second Arzew Fertilizer Joint Venture
...trochemical sector, after Sonatrach signed a similar agreement with Egypt’s Orascom Construction Industries (OCI) in February to supply a fertilizer plant also being built at Arzew with 1.7 bcm/y of natural gas over a 20-year period, from 2011. But there are doubts about whether Sonatrach will have enough ga...
Volume: 52Issue: 15Published at Mon, 13 Apr 2009 -
Saudi Aramco Looks To Implement PETRORabigh II Amid Downstream Go-Slow
...raxylene feedstock from the aromatics complex. A propylene unit will utilize ethylene and a mixed C4 stream, and will also supply the derivatives units. Once the project gets final approval, construction should begin in 2011 with start-up due in 2014....
Volume: 52Issue: 15Published at Mon, 13 Apr 2009 -
Libya’s Gas Export Plans Hampered By Rising Local Demand, Lack Of Discoveries
...ound 70,000 b/d. The field is also producing 3mn cfd of associated gas, which will rise to 16mn cfd when it is fully developed by 2011 (MEES, 17 November 2008). Repsol Upstream’s Regional Executive Director of Europe, Asia and Africa Alvaro Racero told MEES that the produced gas will be burnt at th...
Volume: 52Issue: 14Published at Mon, 06 Apr 2009 -
Refining At A Crossroads
...t this year is forecast to fall to around 320,000 b/d, before slipping under 250,000 b/d in 2010, and then climbing back to 250,000 b/d in 2011, suggests Mr Poegl. In the Middle East, gasoline consumption is expected to increase by 422,000 b/d or 2.8% per year from 2008 to 2020. If plans are re...
Volume: 52Issue: 14Published at Mon, 06 Apr 2009 -
Gazprom Plans Blue Stream Pipeline Expansion
...pansion on hold after Russia decided to promote the South Streamgas pipeline project, but the idea has been revived in the light of Turkey’s projected demand increase after 2015 and the expiration in 2011 of the first of three long-term supply contracts signed in the early 1990s....
Volume: 52Issue: 14Published at Mon, 06 Apr 2009 -
QP’s Shaibi Sees Project Finance As Key To Qatar’s Continued Growth
...ke into consideration significant syndication risk and thus high costs would increase the tariff. This would only work if associated with price flex, which QP is very much against, he said. The $3.5bn Ras Laffan C project, which is expected to supply Qatar with a third of its needs by 2011, re...
Volume: 51Issue: 17Published at Mon, 28 Apr 2008 -
Petrofac Awarded Gas Processing Contract At Kashagan
...cludes engineering, procurement and construction management for the oil treatment plant, the gas and LPG treatment plant and the sulfur treatment plant. Petrofac was awarded its first contract by Agip KCO in August 2004. The offshore Kashagan field is due to come into production in late 2011. Peak pr...
Volume: 51Issue: 17Published at Mon, 28 Apr 2008 -
Russia Cancels Libya Debt In Exchange For Contracts, As Moscow’s N Africa Influence Grows
...l and gas discoveries on their acreage in the Ilizi Basin, due on-stream in 2011. Finally, although the project remains a long way off, Gazprom’s Alexei Miller also told reports in Libya on 16 April that the company was interested in participating in the Trans-Saharan Gas Pipeline, which is de...
Volume: 51Issue: 17Published at Mon, 28 Apr 2008 -
Halliburton To Provide Oil Services To Manifa Offshore Project
...jack-up rigs, said Halliburton. The Manifa project, expected to be completed in June 2011, involves the demothballing of the offshore Manifa oilfield and the construction of gas-oil separation plants and crude stabilization units and separators. These additions will handle 900,000 b/d of Ar...
Volume: 51Issue: 17Published at Mon, 28 Apr 2008 -
Oman Becomes First Frontier In Gulf Battle For Difficult Oil And Gas
...ift. Last year PDO’s primary oil production was slightly higher than secondary, but by 2011, EOR will start to contribute. In 2016, this will account for one third, with primary and secondary also representing a third apiece (MEES, 18 February). “We have many EOR projects in th...
Volume: 51Issue: 16Published at Mon, 21 Apr 2008 -
Act To Avert Water Crisis, World Bank Urges Arab States, As Food Prices Soar
...hemes are under way across the region. In Algeria, the government is aggressively expanding the country’s desalination infrastructure, with the Ministry of Water Resources hoping to add 2.3mn cu ms/day to existing capacity by 2011. Like the Gulf countries, Algeria suffers from a lack of fresh water, bu...
Volume: 51Issue: 16Published at Mon, 21 Apr 2008 -
Uzbekistan, China Form Joint Venture For Trans-Asian Gas Pipeline
...ations KS2 and KS3 will be completed and go into operation by 31 December 2011. The project stems from an agreement between China and Turkmenistan that calls for the latter to supply 30 bcm/year of natural gas. Initially the deal called for China to begin receiving gas in 2009, but shipments are no...
Volume: 51Issue: 16Published at Mon, 21 Apr 2008