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Ahmadinejad’s Economic Policies Draw Fresh Criticism From Deputies
...10-11) 1.901 1390 (2011-12) onwards 5.122 With the rise in oil prices to record levels, Iranian officials have estimated oil export revenue in the year ending March 2008 at $70bn. Foreign exchange reserves had risen to $78.5bn by 20 January, the CBI said in April. ...
Volume: 51Issue: 16Published at Mon, 21 Apr 2008 -
Oman Plans To Seek JV Partner For $10-13Bn Al-Duqm Refinery Project
...ach, given that from 2011 onwards the company will be using enhanced oil recovery (EOR) techniques, with this reaching almost a third of production in 2016 (with primary and secondary also roughly a third apiece). Original targets were for 2011 crude output of 600,000 b/d (MEES, 28 January), but PDO sa...
Volume: 51Issue: 15Published at Mon, 14 Apr 2008 -
Kazakhstan Prepares To Boost Trans-Caspian Crude Shipments
...om Kazakhstan put the cost at $3bn with start-up targeted by 2011 to coincide with the Kashagan oilfield coming on-stream. (See Caspian Sea Region Pipelines, MEES, 17 March, page 23). Subsea Pipeline Option? KazMunaiGaz announced in November 2006 that it would pursue developing the export route at...
Volume: 51Issue: 15Published at Mon, 14 Apr 2008 -
UK-Led Consortium Wins $115mn Tipaza Desalination Contract
...pacity by 2011. The Spanish firm Befesa won a $219mn contract to build a 200,000 cmd plant at Ténès, 200km west of Algiers on 2 April, and the bidding for another 150,000 cmd plant at El-Tarf was due to be opened last week (MEES, 7 April)....
Volume: 51Issue: 15Published at Mon, 14 Apr 2008 -
Italy’s Enel Signs Gas Cooperation Deal With EGAS
...G regasification terminal at Porto Empedocle in Sicily, with a capacity of 8 bcm/y, that is due to enter service in 2011, and which would be a natural destination for the Egyptian gas. Also included in the agreement is the possibility of Enel buying into one or more gas fields in Egypt, and ta...
Volume: 51Issue: 15Published at Mon, 14 Apr 2008 -
Nematzadeh Outlines Iran’s Refinery Expansion Program
...ndar Abbas 360,000 b/d 2011 Condensate refinery Hormuz Bandar Abbas 300,000 b/d 2011 Heavy oil refinery Khuzestan Abadan 180,000 b/d 2011 Feedstock fr...
Volume: 51Issue: 15Published at Mon, 14 Apr 2008 -
Ras Laffan C IWPP Seeks Bank Participation In Qatari Club-Style Financing
...eds. It will produce 2,700mw of power and 63mn gallons/day of water, supplying the country with about one third of its estimated 9,000mw power needs by 2011....
Volume: 51Issue: 15Published at Mon, 14 Apr 2008 -
GCC Downstream Drive Ploughs On
...s for power generation and petrochemicals for its Yanbu΄ project, has yet to receive a gas allocation, MEES understands. And the need for gas could delay the project further. With 48-month construction contracts, the projects will likely start up 2012-13, compared to original 2011 target. The Saudi Oi...
Volume: 51Issue: 14Published at Mon, 07 Apr 2008 -
Spain’s Befesa Wins $291mn Ténès Water Desalination Project
...ild 13 new desalination plants between 2005 and 2009, with a combined capacity of 2.2mn cmd, would now be achieved in 2011, with 1mn cmd of capacity to be operational before the end of 2009. The new 200,000 El-Hamma desalination complex, built by General Electric at a cost of $250mn and thought to be...
Volume: 51Issue: 14Published at Mon, 07 Apr 2008 -
Construction Of Kazakh Section Of Trans-Asia Gas Pipeline Project To Begin In Months
...m/year. By the end of 2010 the second pipeline will come into operation, and throughput will rise to 17 bcm/year during 2011. The pipeline is due to reach a capacity of 30 bcm/year in early 2012 and eventually this will rise to 40 bcm/year. “The main point about the pipeline is that it is de...
Volume: 51Issue: 14Published at Mon, 07 Apr 2008 -
Syria And China Sign New Agreement To Expedite Refinery Project
...0,000 b/d joint venture refinery at Abu Khashab, northeast of Deir Ez-Zor by the end of 2011. The refinery, to cost an estimated $1.5bn, will process mainly heavy Syrian crude, as well as other suitable crude to meet European and Syrian specifications. The joint venture project with the Chinese has been un...
Volume: 51Issue: 14Published at Mon, 07 Apr 2008 -
OMV’s Iran LNG Deal Sees Supply Diversification Supersede Nuclear Diplomacy
...rminal in Croatia, in which it is a shareholder. According to OMV’s current plans, the Croatian terminal should become operational in 2011-12 and Iran, with its substantial gas reserves, could be a source of supply. The Iran agreement comes just months after OMV-led Austrian joint venture EconGas si...
Volume: 50Issue: 18Published at Mon, 30 Apr 2007 -
Demand Growth Has Changed Radically, Says Fesharaki
...avy: Limited scope. Maximum annual contribution of, say, 150,000-200,000 b/d. Nothing is better than market transparency and efficiency (futures market, eg DME, cafe standards, etc). Refining Surplus But Less Crude There is a potential refining surplus looming by 2011-13. The surplus will be cr...
Volume: 50Issue: 18Published at Mon, 30 Apr 2007 -
Stirring The Blends
...2 1,099 2009 634 562 975 2010 528 510 850 2011 451 463 745 2012 364 389 618 Table 2 Cargoes Per Year Forties Flotta To...
Volume: 50Issue: 17Published at Mon, 23 Apr 2007 -
Iranian LNG Project Schedules Expected To Slip Further
...derstands that the first possible start-up date for Persian LNG might have slipped by a year. The Total-led Pars LNG project was until recently scheduled to start up in 2011, while Shell had expected Persian LNG exports would begin in 2011-12. Although Iran has repeatedly announced of late that Total an...
Volume: 50Issue: 16Published at Mon, 16 Apr 2007 -
Khelil Says Repsol And Partner To Cover Cost Of Gassi Touil Delay
...sult of a delay in the Gassi Touil LNG project, including the earnings lost by the state through missed LNG sales – an amount that could prove to be sizeable. The $3bn integrated project is scheduled to come on-stream in 2009, but delays will likely push that back to 2011. Initially, Repsol was re...
Volume: 50Issue: 16Published at Mon, 16 Apr 2007 -
Saudi Aramco Says Manifa Project On Schedule
...Middle East Economic Survey VOL. L No 16 16-Apr-2007 SAUDI ARABIA Saudi Aramco Says Manifa Project On Schedule The Manifa Arabian Heavy Crude Program project is on schedule to be completed in June 2011, according to Saudi Aramco. Foster Wheeler won the front-end engineering de...
Volume: 50Issue: 16Published at Mon, 16 Apr 2007 -
Looking Beyond Petroleum: A Stronger Case For Economic Diversification In MENA Region
...ices 2005 Avg Base Price Expected Annual Escalation Annual Escalation Needed To Unify ($/Mn BTU) During 2007-11 (%) Prices to $1.50/Mn BTU In 2011 (%) Algeria 0.65 3.0 18.2 Egypt 1....
Volume: 50Issue: 15Published at Mon, 09 Apr 2007 -
IMF Estimates Jordan’s GDP Growth At 6% In 2006
...itical role played by supportive macroeconomic and structural policies over the past decade and stressed the need to stay on course with the economic reform agenda. They welcomed the government plan to introduce a new public debt ceiling of 60% of GDP by 2011 and observed that with Jordan already we...
Volume: 50Issue: 14Published at Mon, 02 Apr 2007 -
MENA, China And India Dominate Proposals For Global Refining Capacity Expansion
...pacity On-stream Comments Algeria Tiaret 300 2011 New plant, bidding under way (MEES, 10 April). Egypt Port Said/Da...
Volume: 49Issue: 16Published at Mon, 17 Apr 2006