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‘Welcome Change’ In Qatar’s LNG Export Strategy, Says Fesharaki
...ndow of opportunity for Qatar’s LNG marketing efforts: “An expected buyer’s market was turned into a mild seller’s market very quickly and the market promises to become tighter. Still, by 2017 another buyer’s market is likely to emerge.” Qatar has normally sought long term contracts with cu...
Volume: 54Issue: 52Published at Mon, 26 Dec 2011 -
Shah Deniz To Reach EU Gas Pipeline Decision By June 2012
...ogram. The Shah Deniz partners have said that the first Stage 2 gas will flow into Turkey in 2017, while the 10bcm/year capacity pipeline to Europe would be filled by 2019 at the latest. An apparent discrepancy between Mr Mammadyarov’s pronouncements and the consortium’s plans was addressed by Socar Pr...
Volume: 54Issue: 51Published at Mon, 19 Dec 2011 -
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 -
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 -
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 -
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 -
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