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Qatar’s $5Bn Barzan Project Financing Moving Ahead
...pected to be completed this year, could also include an Islamic tranche, although ultimately this will depend on how competitive it is with the other sources of funding being tapped. Barzan was originally planned for 2012 start-up, but that date was put back to 2014. Now that the two EPC contracts ha...
Volume: 54Issue: 17Published at Mon, 25 Apr 2011 -
Cyprus Warns Investors Against TPAO East Mediterranean Block Offer
...seismic available. TPAO holds 100% interest in all the blocks until 2014 and operatorships are available along with past-cost information. Operators would be required to draw up a minimum work program that includes seismic acquisition and drilling. According to TPAO there exist five large st...
Volume: 54Issue: 17Published at Mon, 25 Apr 2011 -
Kuwait Follows Abu Dhabi Into Asia-Pacific LNG Investment
...in the project with a 6.4% stake. Chevron Australia Managing Director Roy Krzywosinski said the front-end engineering and design (FEED) activity on Wheatstone is nearly complete. The plant at Ashburton North will initially export up to 8.9mn t/y of LNG to South Korea and Japan in 2014. The Ku...
Volume: 54Issue: 16Published at Mon, 18 Apr 2011 -
Kuwait Advances Chinese Refinery, But KSA Leads Gulf Projects In Asia-Pacific
...art up in 2014, but MEES understands it is more likely to be 2018-19. Kuwait, which also plans to build plants in Vietnam and Indonesia, is trying to secure markets for its crude and is therefore eager to provide feedstock to these operations. It aims to boost crude exports to China to 50...
Volume: 54Issue: 16Published at Mon, 18 Apr 2011 -
Egypt Allocates $3.36Bn For Electricity Sector In 2011-12
...nstruction of other solar energy plants, starting with a 100mw plant at Kom Ombo. He also said that a technical advisory agreement for a 250mw wind farm has been signed to be set up on a build-own-operate basis by 2014. ...
Volume: 54Issue: 16Published at Mon, 18 Apr 2011 -
Kuwait Eyes Permanent LNG Facilities As Politics Holds Up $90Bn Energy Plan
...ring peak demand cause temperatures and tempers to rise while air conditioning units shut down, and are a key source of political discontent. Current power capacity is 12gw and Kuwait will have added 4gw by 2014-15, when the al-Zour power plant comes on stream. By this date Jurassic reservoirs in no...
Volume: 54Issue: 15Published at Mon, 11 Apr 2011 -
LNG-Powered Vessels – A Potential Game Changer In Shipping
...ws are fragmented and do not cover all aspects in a unified code. But a framework International Gas Fuelled Ships code is expected in 2014. Joseph Morelos, senior surveyor at Lloyd’s Register of Shipping, said at Gastech that the code “will lead to wider acceptance of gas-fuelled ships.” The gr...
Volume: 54Issue: 14Published at Mon, 04 Apr 2011 -
Kuwait Launches Tender For Al-Zour North Power Plant
...rth will have capacity to generate 1.5gw of electricity and produce 100mn gallons/day of desalinated water and will be fuelled by natural gas and/or fuel oil (MEES, 21 September 2009). Kuwait plans to spend KD7.5bn ($27bn) through 2014 to develop its water and power infrastructure, Reuters re...
Volume: 54Issue: 14Published at Mon, 04 Apr 2011 -
Alstom Awarded €170Mn Contract For Al-Zour Power Plant Expansion
...e French company announced on 28 March. The steam-tail will add 400mw to the plant’s existing 800mw generating capacity, increasing its efficiency and cutting emissions per megawatt produced. Al Ghanim contracted Alstom to complete the new plant by 2014. According to the statement, the contract fo...
Volume: 54Issue: 14Published at Mon, 04 Apr 2011 -
Uncertainty Is Set To Continue, Says Crédit Agricole
...yal decrees which included numerous handouts, as well as socio-economic support programs. The measures – ranging from the injection of capital into the kingdom’s healthcare services and real estate fund, to the building of around 1mn new housing units by the end of 2014 (MEES, 28 March) – are ex...
Volume: 54Issue: 14Published at Mon, 04 Apr 2011