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Outlook Hazy For MENA Project Financing
...velopment following its achieving of a targeted 77mn tons/year LNG production capacity. Until the moratorium is lifted, which will not be until at least 2014, further projects will be concentrated downstream. Qatar Vinyl Company is seeking an adviser on its expansion project. Qatar has embarked on an un...
Volume: 54Issue: 52Published at Mon, 26 Dec 2011 -
Qatar’s Barzan Becomes World’s Largest 2011 Project Financing
...d and Phase 3 another 2.5bn cfd. Start-up is earmarked for 2014 and it is expected to ramp up to produce at least 100,000 b/d of condensate as well as 1.4bn cfd of gas. The main engineering procurement and construction (EPC) contractors are Japan’s JGC (onshore) and South Korea’s Hyundai Heavy In...
Volume: 54Issue: 51Published at Mon, 19 Dec 2011 -
Gulf Arab Producers: We Can Guarantee Energy Security
...tional Oil Company (ADNOC) pays ExxonMobil $1/B produced. ExxonMobil has a 9.5% stake in Abu Dhabi Company for Onshore Oil Operations (ADCO), the consortium that operates Abu Dhabi’s largest onshore fields. The concession expires in January 2014. It also has 28% of Zakum Development Company (ZADCO), wh...
Volume: 54Issue: 50Published at Mon, 12 Dec 2011 -
Qatar Moratorium Continues As North Field Proves Challenging
...til 2014 while the reservoir’s depletion is studied. ExxonMobil, which has been doing the study for about four years by collecting the data from all projects in the field, requested a 2014 deadline to give it 10 years of data to work with since major production started. The North Field’s st...
Volume: 54Issue: 50Published at Mon, 12 Dec 2011 -
Iraqi Oil Sector Faces Year Of Challenge And Promise
...0,000 b/d in 2014. A new 255km, 400,000 b/d pipeline to tie in with the main Iraqi crude export line to Ceyhan is also planned at an estimated cost of $450mn, Mr Hayward, the former CEO of BP, said. The Shaikan Effect Gulf Keystone’s Shaikan field will be the largest single contributor to new KRG su...
Volume: 54Issue: 50Published at Mon, 12 Dec 2011 -
Iran Announces 10,000 B/D GTL Project, But Faces Hurdles
...ll start in 2012. So far, there is slow progress being made in construction of the onshore facilities and it is very unlikely that the contractor will be able to complete them before 2014-15. Offshore the project has been faster, which suggests that Phase 12 production may be ready to start before th...
Volume: 54Issue: 49Published at Mon, 05 Dec 2011 -
Iran Casts Wary Eye On Shared Field As Qatar Celebrates LNG Success
...eaky horizontal drilling,” a state-owned Qatar Petroleum (QP) official tells MEES. “Qatar’s best drilling sites are right on the median line, so if there is migration it would go our way,” he said. Qatar has a moratorium until 2014 on new projects in the field, while QP completes its study into re...
Volume: 53Issue: 51Published at Mon, 20 Dec 2010 -
Naimi Likely To Stay At Helm Of No 1 Global Oil Power
...entually discarded ExxonMobil-led Core Venture 2 of the Saudi Strategic Gas initiative, proposed in the early part of the decade. Closer at hand, the offshore Middle East Gulf 1.8bn cfd Karan gas development is set to start up next year. In 2014 the 2.5bn cfd Wasit gas plant, which will process gas fr...
Volume: 53Issue: 51Published at Mon, 20 Dec 2010 -
Shuweihat S3 Power Deal Suggests Dip In Financing Costs
...wer in summer 2013 and then gear up to full rates of 1.6gw before the 2014 summer peak loading period. It will be fueled by gas. Once the PPA is signed, ADWEA is expected to make a decision on the next IWPP or IPP. This was originally going to be Taweelah C, which was supposed to have been launched as...
Volume: 53Issue: 51Published at Mon, 20 Dec 2010 -
Syria’s 2011 Draft Budget Targets Lower Deficit
...bsequently the deficit/GDP ratio is projected to rise slightly to 6% in 2012, before falling to 5.8% in 2013, 5.5% in 2014 and 5.4% in 2015, according to the government budget statement that was presented to parliament. The budget was approved by the cabinet on 12 October and is currently being debated in...
Volume: 53Issue: 50Published at Mon, 13 Dec 2010 -
Qatar Delays Barzan Project Due To Domestic Gas Supply Surplus
...st the World Cup that year. Qatar has a surplus of gas for its domestic market and is delaying the start up of the 1.5bn cfd Barzan project to 2015, from the planned 2014, MEES learns. Barzan’s gas from the North Field – the final project approved under the moratorium on further developments of th...
Volume: 53Issue: 50Published at Mon, 13 Dec 2010 -
GCC Power Grid Project Nears Completion
...ich it is boosting to 2.5gw next year and to 3.6gw by 2014, which is expected to be greater than demand. Qatar plans to boost its power production to more than 8.707gw by 2011, from 4.263gw at the end of the second quarter of 2008. GCC Electricity Ministers Approve Single Tariff A meeting of the GC...
Volume: 53Issue: 49Published at Mon, 06 Dec 2010 -
Doha Rules Out New Gas Export Projects Post-Moratorium
...Middle East Economic Survey VOL. LII No 50 14-Dec-2009 Doha Rules Out New Gas Export Projects Post-Moratorium Qatar on 7 December gave its clearest message yet surrounding gas policy when it reviews its moratorium on new projects in 2014. Absolutely no new grassroots gas export pr...
Volume: 52Issue: 50Published at Mon, 14 Dec 2009