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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 -
SEC Finalizes $1.33Bn Islamic Financing With Local Banks
...ogram, which will see approximately SR21bn ($5.6bn) invested in three new power plants – at Rabigh, Riyadh and Qurayah – between April 2012 and April 2014, adding 5.2gw in new capacity (MEES, 4 October)....
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 -
Ma'aden Aluminum Financing Oversubscribed, Attracts 16 Lenders
...d 380,000 t/y for the rolling mill. First commercial production from the smelter and mill is scheduled for early 2013. First production from the mine and refinery is set for early 2014. Alcoa will supply alumina to the smelter in the interim period. Ma'aden holds 74.9% of the joint venture; Al...
Volume: 53Issue: 49Published at Mon, 06 Dec 2010