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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