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Qatar To Boost Naphtha Output From GTL Plant And Condensate Splitter
...09. By 2014 it will have debottlenecked and installed a gas oil hydrotreater to produce low sulfur diesel – less than 10ppm. Europe’s demand for low sulfur diesel of this quality will increase during 2014-16 as its tightened product specifications kick in. The splitter’s current production ca...
Volume: 54Issue: 35Published at Mon, 29 Aug 2011 -
TAQA Set To Continue With Bergermeer Open Season As Planned
...pacity to customers in a first round, for periods of four to 10 years beginning in 2014, while a second open season for capacity allocation in 2015 and beyond is scheduled for 2012, after the Dutch high court’s final verdict on the appeals. “What we are doing is tailoring each of the open seasons to tw...
Volume: 54Issue: 35Published at Mon, 29 Aug 2011 -
Chevron Awards CPC Pipeline Expansion Project Services Contract To Fluor
...rminal expansion in Novorossiysk as well as the supervisory control and data system (SCADA) for the entire pipeline. The project is scheduled to be completed at the end of 2014. The CPC consortium – which comprises Transneft, Kazakh state firm KazMunaiGaz (KMG), Chevron, ExxonMobil and Lukoil – began wo...
Volume: 54Issue: 34Published at Mon, 22 Aug 2011 -
Shell Offers LNG To Bahrain At Near Oil Price Parity
...augen in its tender to import LNG. The tender is unusually flexible – only specifying the import of 400-800mn cfd of LNG for 15 years starting in 2014 – and leaving it up to firms to propose their own ways to achieve it. It has attracted a variety of solutions from low cost, fast start-ups to Sh...
Volume: 54Issue: 33Published at Mon, 15 Aug 2011 -
Oil Producers See Budgets Pressured By Social Unrest, Crude Dip
...e kingdom will remain in a comfortable fiscal position. However, thereafter it faces a very different environment unless spending and oil trends change, it warned. The government will be running budget deficits from 2014, which become substantial by the 2020s. By 2030, foreign assets will be dr...
Volume: 54Issue: 33Published at Mon, 15 Aug 2011 -
Qatar’s Barzan Project Financing Progresses, Banks To Respond 31 August
...ll depend on how competitive it is with the other sources of funding being tapped (MEES, 25 April). Barzan was originally planned for 2012 start‐up, but that date was put back to 2014. It is a two‐train project and will initially produce 1.5bn cfd, although it can be expanded if needed. On an...
Volume: 54Issue: 33Published at Mon, 15 Aug 2011 -
TAQA Posts Strong 2Q11 Results, But Faces Delays In Gas Storage Project
...oject at Bergermeer – Europe’s largest – would not be completed by 2014 as had been initially planned. On 8 August, the highest court in the Netherlands ordered the suspension of construction work at the Bergermeer gas storage project near Alkmaar, citing fears on the part of both en...
Volume: 54Issue: 33Published at Mon, 15 Aug 2011 -
Noble To Drill On Block 12 In October, Says Cyprus Energy Head
...prus A to the island via a 180km pipeline for domestic use by 2014....
Volume: 54Issue: 32Published at Mon, 08 Aug 2011 -
IFC Approves $250Mn Investment Package For OCI
...s support for the region, investing up to $6bn by 2014, including $2bn in mobilization....
Volume: 54Issue: 32Published at Mon, 08 Aug 2011 -
S&P Revises Tunisia Outlook To Negative, Sees Downside Risks Persisting
...eadily returning to a trend growth of approximately 5% by 2014. Tunisia’s current account deficit will worsen to “more than 6% of GDP this year,” largely on account of the recent plunge in tourism revenues. Both tourism and FDI are expected to improve gradually however, as confidence returns, re...
Volume: 54Issue: 32Published at Mon, 08 Aug 2011 -
Egypt Grapples To Support Energy Sector; Reshuffle Delays Musturud
...advertently held up the planned $3.7bn Musturud refinery. Egypt’s Minister of Petroleum 'Abd Allah Ghurab said at the end of July that Cairo plans to invest $1bn in exploring for gas and oil in the Sinai Desert up to 2014. The only details he gave were that the plan includes 60 wells and aims to boost re...
Volume: 54Issue: 31Published at Mon, 01 Aug 2011 -
Gulf LNG Producers Facing Greater Competition From Australia In Asia-Pacific
...rector, Chevron Australia. Chevron said in June it secured conditional approval from Western Australia’s Environmental Protection Agency – the first of several environmental green lights that Chevron needs before making the FID. The project owners say it will produce 8.9mn t/y in 2014, with first cargoes ex...
Volume: 54Issue: 31Published at Mon, 01 Aug 2011 -
Kuwait’s Economy Recovers, But Further Reforms Needed, Says IMF
...partly cover the actuarial deficit of the Public Pension Fund. In 2008-09, KD 5.5bn were transferred. KD 1.1bn are budgeted for each year from 2010-11 to 2014-15. 4 Excludes investment income and pension recapitalization, and after transfers for FGF. 5 Excludes debt of Kuwait's SWF re...
Volume: 54Issue: 31Published at Mon, 01 Aug 2011 -
EMAL Gets Approval For $4.5bn Expansion Project
...nually by the end of 2014, the company said on 24 July. The EMAL Phase II project will upgrade technology at its first-phase facility, which will boost production capacity by 50,000 tons/year to 800,000 t/y by the end of 2012. This will boost EMAL’s total production capacity to around 1.3mn tons by the en...
Volume: 54Issue: 31Published at Mon, 01 Aug 2011 -
Hawrami Eyes Filling Half Nabucco, As Pipeline Consortium Targets Iraqi Gas
...on as 2014, Mr Hawrami says. Last year, OMV and MOL formed a joint venture with the UAE’s Crescent Petroleum, potentially worth $8bn, for the development of the Khor Mor and Chemchemal fields to supply gas into Nabucco (MEES, 25 May 2009). A dispute between Mr Hawrami and Crescent put a stop to dr...
Volume: 53Issue: 35Published at Mon, 30 Aug 2010 -
CPC Considering Borrowing $1Bn For Pipeline Expansion
...pacity from 28mn tons/year to 67mn t/y by 2014. Mr Tarakanov said in July that pipeline throughput is currently 34mn t/y, aided by the utilization of drag reducing agents. Phase 1 of the expansion, which would be completed in 2012, would raise throughput capacity to 35mn t/y....
Volume: 53Issue: 35Published at Mon, 30 Aug 2010 -
Cyprus Expects LNG Delivery Negotiations To Conclude In Six Months
...ppliers of LNG to be concluded within six months, Costas Ioannou, Executive Chairman of the Public Natural Gas Company (DEPA), told the Cyprus Mail on 24 August. Last November Nicosia invited bids on a 20-year contract for delivery of 1 bcm/year of LNG beginning 2014. The government plans to build a €80...
Volume: 53Issue: 35Published at Mon, 30 Aug 2010 -
EIB Lends Egypt $300Mn For North Giza Power Plant
...lp fund the development of a major new power station on the outskirts of Cairo. State news agency MENA said that the North Giza Power Plant would cost E£120bn ($21bn) and would start operations in 2014. The 1.5gw combined cycle gas turbine (CCGT) plant will use natural gas as a main fuel and light di...
Volume: 53Issue: 35Published at Mon, 30 Aug 2010 -
SEC Approves $3.92Bn In New Power Projects
...wer plants – at Rabigh, Riyadh and Qurrayah – between April 2012 and April 2014, adding 5.2gw in new capacity....
Volume: 53Issue: 35Published at Mon, 30 Aug 2010 -
TAQA Boosts Dutch Gas Storage Stake
...mid-2010 for commercial operation start-up in 2014. However, some local governments are opposing the scheme as they fear seismic disturbance. For TAQA, it represents diversification away from Abu Dhabi and power generation, on which the firm was originally based. It also means a cautious ex...
Volume: 53Issue: 35Published at Mon, 30 Aug 2010