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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 -
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