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Sasol Moves Ahead With Uzbekistan GTL Plant
...cision on the 34,000 b/d plant – Sasol 44.5%, Malaysia’s Petronas 11% and state-owned gas producer Uzbekneftegaz 44.5% – will be taken in mid-2013. It would then start up in 2017-18, Ed Cameron, Managing Director of Sasol Synfuels International tells MEES. The consortium will buy dry methane – ma...
Volume: 54Issue: 50Published at Mon, 12 Dec 2011 -
QP And Shell To Develop $6.5Bn Petchem Complex
...oducts manufactured at the new facility will primarily be marketed into East Asian growth markets, the statement added. The project is due to begin operation in 2017. Speaking after the signing, Mr Sada said that the project was part of Qatar’s strategy of building its chemicals industry, and “re...
Volume: 54Issue: 50Published at Mon, 12 Dec 2011 -
Moody’s Assigns Aa2 Rating To Qatar’s Global Bonds
...Middle East Economic Survey VOL. LIV No 50 12-Dec-2011 QATAR Moody’s Assigns Aa2 Rating To Qatar’s Global Bonds Moody’s Investors Service on 6 December assigned an Aa2 rating to the Qatari government’s recent $5bn global bond offering in three tranches: $2bn due in January 2017...
Volume: 54Issue: 50Published at Mon, 12 Dec 2011 -
ECAs To Provide $10Bn Of ENEC’s Nuclear Facility Financing
...ggested that funding will be requested later in the year, given the amount of money needed to be raised and that this is a new sector, not only for the UAE, but the GCC. The first plant is expected to start operating in 2017. The other three plants are scheduled to be completed and operational by 20...
Volume: 54Issue: 50Published at Mon, 12 Dec 2011 -
Qatar Raises $5Bn In Bonds, Defying Unstable Market
...turity Amount ($Bn) Price (BPS Over Treasuries) Yield (%) Coupon (%) November 2011 Issue Jan 2017 2 225 3.18 3.125 Jan 2022 2 262.5 4.63 4.5 Jan 20...
Volume: 54Issue: 49Published at Mon, 05 Dec 2011 -
Engineering Firms Wait On West Qurna-2 Contract Award
...oject has been hard going, with demining, relations with local communities and negotiations with the joint operating committee all proving significant challenges, MEES understands. The West Qurna-2 development aims to hit its 1.8mn b/d plateau target by 2017. Statoil (15%) and state-owned North Oil Co...
Volume: 54Issue: 49Published at Mon, 05 Dec 2011 -
Shuweihat S3 Power Deal Suggests Dip In Financing Costs
...e issue. It will build four nuclear reactors costing around $20bn, but the first will not come on line until 2017, when power demand is forecast to hit 21.075gw. However, a UAE power expert said that before the nuclear plants start up, Abu Dhabi will still need to increase conventional power pr...
Volume: 53Issue: 51Published at Mon, 20 Dec 2010 -
Qatar Delays Barzan Project Due To Domestic Gas Supply Surplus
...Middle East Economic Survey VOL. LIII No 50 13-Dec-2010 QATAR Qatar Delays Barzan Project Due To Domestic Gas Supply Surplus Qatar delays Barzan – it has a gas surplus up to 2017 and do...
Volume: 53Issue: 50Published at Mon, 13 Dec 2010 -
Future Global Need For The Increase In Iraq’s Oil Production
...low, Iraq has signed a number of contracts with major oil companies with a view to increasing its oil production from 2.5mn b/d to around 12mn b/d in 2017. Iraqi Upstream Awards Area Winning Consortium Remuneration Fee ($Bn...
Volume: 53Issue: 50Published at Mon, 13 Dec 2010 -
BSF Says Saudi State Expenditure Increasing Breakeven Oil Price
...vernment spending, the breakeven price of oil could rise to $98/B by 2017,” the report asserts. Saudi Breakeven Oil Price Rises Rapidly Source: SAMA, Banque Saudi Fransi forecasts. Nominal GDP figures released by the government for 1H10, meanwhile, have indicated strong growth in the non-oil pr...
Volume: 53Issue: 49Published at Mon, 06 Dec 2010 -
Union Railway Awards Consultancy And Preliminary Engineering Contracts
...ance’s Systra has won the project management consultancy contract for the UAE’s $11bn Union Railway project. The initiative, which is due for completion in 2017, will see the emirates linked by 1,500km of freight and passenger rail networks. It will form an integral part of the planned pan-Arab Union Ra...
Volume: 53Issue: 49Published at Mon, 06 Dec 2010 -
Iraq’s Oil Expansion And Market Stability
...re to produce a massive 9mn b/d capacity increment – bearing in mind the Iraqi oil ministry’s recent avowal of a target of around 12mn b/d by 2017. This presupposes that other OPEC members would be forced to minimize their own production quotas drastically enough to allow Iraq this immoderate ou...
Volume: 53Issue: 49Published at Mon, 06 Dec 2010 -
Iraqi Capacity Expansion Relative To World Oil Market Trends
...mber of IOCs, Iraq’s production capacity is set to reach a production plateau of over 11mn b/d by the year 2017, mainly from the development of the ‘supergiant’ oilfields of Rumaila and West Qurna-1, together with Zubair; and also from the subsequent (second) round of negotiations for the development of...
Volume: 52Issue: 51/52Published at Mon, 28 Dec 2009 -
Baghdad Round 2 Brings Multi-Million Barrel Production Promise
...adhban gave details of the Ministry of Oil’s 2008 five-year and 10-year plans. These called for oil production of 4.1mn b/d to be reached by 2012 and 6mn b/d by 2017. On exploration, the 10-year plan for 2008-17 includes adding some 40bn barrels of oil and some 70 trillion cu ft of gas to Iraq’s proven oi...
Volume: 52Issue: 50Published at Mon, 14 Dec 2009 -
Libya Delays Plans To Raise Production Capacity To 3Mn B/D Until 2017
...Middle East Economic Survey VOL. LII No 50 14-Dec-2009 LIBYA Libya Delays Plans To Raise Production Capacity To 3Mn B/D Until 2017 Libya has delayed its plans to boost oil production capacity to around 3mn b/d until 2017 because of budget constraints and the market situation, th...
Volume: 52Issue: 50Published at Mon, 14 Dec 2009 -
Algeria’s Bid Round Disappoints, Economic Crisis And Tougher Terms To Blame
...mestic gas consumption to rise from an estimated 27.4 bcm this year to between 49.6 bcm and 67.1 bcm in 2017, according to different scenarios. Alnaft Chairman Sid 'Ali Betata was quoted by Algeria’s official daily El Moudjahid as saying that the 12 unawarded permits would be reoffered in 2009, in...
Volume: 51Issue: 51Published at Mon, 22 Dec 2008 -
DEWA’s Ratings Constrained By Debt, Helped By Central Role In Dubai
...an, which involves addressing a $2.2bn loan maturity by April next year, he explained. DEWA continues to execute an ambitious investment plan which is expected to add 15.5gw of additional generation capacity by 2017. Its rating is also a function of the close ties – operationally, strategically an...
Volume: 51Issue: 49Published at Mon, 08 Dec 2008 -
Canada’s Nelson Resources Buys Stake In CNPCI’s North Buzachi Field
...atement said that the current government-approved full field development plan called for production to peak at 40,000 b/d in 2017, but Nelson and CNPCI would attempt to hit that production target by 2009. North Buzachi, which is located some 200km north of the Caspian port city of Aktau and about 18...
Volume: 46Issue: 50Published at Mon, 15 Dec 2003