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Neutral Zone Oil Production Capacity To Increase 180,000 B/D By 2019
...afji, which produces 50-60mn cfd, and allow KGOC to implement its 1% flaring policy by 2015. French contractor Technip announced on 14 February it had won the 110km gas and condensate pipeline contract, to be completed by the second half of 2014. The pipeline will also take non-associated gas from Dorra fi...
Volume: 55Issue: 08Published at Mon, 20 Feb 2012 -
Akenerji Awards Turbine/Generator Contract To GE
...atement released on 13 February that the deal includes a 12-year service agreement. The Egemer plant, scheduled to come into commercial operation in the third quarter of 2014, will generate 900mw, enough to meet 2.6% of Turkey’s current electricity requirements. The plant will add an incremental 1.6% to Tu...
Volume: 55Issue: 08Published at Mon, 20 Feb 2012 -
DEPA Looks To Link East Mediterranean Gas Discoveries With Greek Grid
...r Azerbaijan’s Shah Deniz Stage 2 gas – and also through the Interconnector Greece-Bulgaria (IGB) gas pipeline project, a 170km gas line that may be ready for operation by early 2014. While the ITGI is designed to send gas westward into Italy, the IGB is to move gas into the Balkans. The discoveries of...
Volume: 55Issue: 07Published at Mon, 13 Feb 2012 -
IMF: Economic Outlook For Qatar Favorable Despite External Risks
...owth is expected to be driven primarily by manufacturing, financial services, trade and hotels. Real hydrocarbon GDP growth however is projected to slow to 3% as LNG production remains constant on account of Qatar’s self-imposed moratorium on the development of new North Field projects until 2014 (ME...
Volume: 55Issue: 07Published at Mon, 13 Feb 2012 -
Reggane Nord Green Light Paves Way For Algeria Gas Mega-Development
...mel. It is not clear how the delays will impact project timing, but clearly the pipeline construction schedule will be a critical factor. Back in 2009, first gas from Timimoun and Touat was expected in 2013, with Reggane Nord projected to start production in 2014. The delay might allow phase two in...
Volume: 55Issue: 06Published at Mon, 06 Feb 2012 -
North-South Row Set To Continue As African Union Plan Is Rejected
...e end of 2014. These figures are still up for discussion, however, with an exact figure expected within the next 30 days. “The AU has lost sight of the principle of mutual economic viability,” South Sudan’s chief negotiator Pagan Amum was quoted as saying. “We could not sign; they were stealing th...
Volume: 55Issue: 06Published at Mon, 06 Feb 2012 -
Doubts Gather Over Gulf Petrochemical Plans
...own at 5% a year for the past 25 years, according to Shell. It is the main building block for the olefin petrochemicals, and is used in many key products and in particular polyethylene. But China is building plants at a faster rate and by 2014 will likely have ethylene cracking capacity roughly eq...
Volume: 54Issue: 09Published at Mon, 28 Feb 2011 -
Saudi $36Bn Support Package On Track, Vigilance Needed On Jobs
...rough 2014. Rental inflation, while halved, remains near 10% and sale prices for properties have risen quickly in the past year. The 19 orders from the king include a pledge to provide unemployed Saudis with financial support for one year and write off a series of loans, and admit all Saudi st...
Volume: 54Issue: 09Published at Mon, 28 Feb 2011 -
Siemens Awarded $1Bn-Plus Order For Ras Al-Zour Power Plant
...ntracting Company (ACC), Saudi Arabia and the Chinese Sepco III Electric Power Construction Corporation. The start of commercial operation is scheduled for early 2014. Last year, Saudi state‐owned Saline Water Conversion Corporation (SWCC) awarded a $2.44bn contract to build the 2.8gw electricity ge...
Volume: 54Issue: 09Published at Mon, 28 Feb 2011 -
Noble Energy Looks To Accelerate Cyprus Offshore Program
...an LNG plant is feasible. Furthermore, MEES sources suggest that Israel’s Tamar gas could be developed to arrive on the island as early as January 2014. Cyprus announced in late December that it had reached an initial agreement with Shell for the supply of LNG over a 20-year period after me...
Volume: 54Issue: 08Published at Mon, 21 Feb 2011 -
Sonatrach Delays Bidding Round As Investment Scrutiny Mounts
...shed back start-up for second phase partner BG, which should supply around 180-200mn cfd from late 2014 to early 2016, MEES understands. On 10 January, Sonatrach also announced a significant management reorganization. As well as creating four new directorates, including an ‘ethics’ directorate, th...
Volume: 54Issue: 08Published at Mon, 21 Feb 2011 -
Moody’s Downgrades Qatari LNG Company Ratings
...ffan 1 saw its instrument rating for the $800mn 8.294% amortizing senior secured bonds due 2014 downgraded to Aa3/stable from Aa2. Instrument rating for the $1.4bn 5.298% Series A senior secured amortizing bonds issued by Ras Laffan 2 and due 2020 was downgraded to Aa3/stable from Aa2. As for Ras La...
Volume: 54Issue: 08Published at Mon, 21 Feb 2011 -
DEWA Readying Launch Of IPP For 2Q11
...ich enables the IPP program to take place is being discussed in the Dubai court. The provision of a government guarantee is under consideration, MEES understands. Start-up is scheduled for 2014, which is tight but achievable, according to industry sources. This project will be gas-fired, but DEWA is...
Volume: 54Issue: 08Published at Mon, 21 Feb 2011 -
Shuweihat S3 Project Advances, Financial Close Set For 2Q11
...d commercial operation is scheduled for March 2014. All generated electricity will be purchased by ADWEA under the 25-year PPA. Of the $1.5bn project cost roughly $300mn will come from equity, 60% of which will be contributed by ADWEA, 20.4% by Sumitomo and 19.6% by KEPCO. The remaining $1.2bn wi...
Volume: 54Issue: 08Published at Mon, 21 Feb 2011 -
Shah Gas Project Expected To Commence Production In Mid-2014
...Middle East Economic Survey VOL. LIV No 8 21-Feb-2011 UAE Shah Gas Project Expected To Commence Production In Mid-2014 Production at the Shah Gas project being developed by Occidental Petroleum and the Abu Dhabi National Oil Company (ADNOC) is expected to begin by the middle of 2014...
Volume: 54Issue: 08Published at Mon, 21 Feb 2011 -
Azerbaijan To Sell Gas Directly To Greece
...nuary, Presidents Ilham Aliyev of Azerbaijan and Viktor Yanukovych of Ukraine signed an agreement for the supply of 2-7 bcm/y of Azeri gas in LNG form, starting in 2014, although Ukraine does not have an LNG terminal. On 1 February Vladislav Kaskiv, head of an intergovernmental committee, told Today Az...
Volume: 54Issue: 06Published at Mon, 07 Feb 2011 -
Iran’s Inflation Rate Rises To 10.8% In January
...e table below. CBI Debt Repayment Schedule Year Debt Repayment ($Bn) 1389 (2010-11) 9.513 1390 (2011-12) 3.749 1391 (2012-13) 1.884 1392 (2013-14) 1.502 1393 (2014-15) on...
Volume: 54Issue: 06Published at Mon, 07 Feb 2011 -
Wasit Gas Plant Contracts Awarded By Saudi Aramco
...en completed in 2014, the Wasit plant will process 2.5bn cfd of sour gas from the offshore Hasbah and Arabiyah non-associated gas fields. The contract packages awarded were as follows: A $1bn engineering, procurement and construction (EPC) contract for inlet and gas facilities to SK. The sc...
Volume: 54Issue: 06Published at Mon, 07 Feb 2011 -
Saudi Kayan Announces Agreement For N-Butanol Plant In Jubail
...ns/year of n-butanol, with start-up expected in the second half of 2014....
Volume: 54Issue: 06Published at Mon, 07 Feb 2011 -
Algeria’s Southwest Gas Project Awaits Approval Amid Political Turmoil
...pply its future contracts,” notes one source close to the project. Reggane Nord will cost about $1bn to develop, with roughly another $1bn to be spent over the lifetime of the project, which if approval is given soon, should come on stream in 2014. Around 70 wells in all will be needed. Reggane No...
Volume: 53Issue: 08Published at Mon, 22 Feb 2010