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Petrovietnam And Partners Form JV To Develop Blocks 433a/416b, Target 21,000 B/D In 2011
...Middle East Economic Survey VOL. LII No 8 23-Feb-2009 ALGERIA Petrovietnam And Partners Form JV To Develop Blocks 433a/416b, Target 21,000 B/D In 2011 Petrovietnam and its partners on Blocks 433a/416b in eastern Algeria agreed on 10 February to form a joint venture to develop th...
Volume: 52Issue: 08Published at Mon, 23 Feb 2009 -
Lukewarm Response To Privatization Of Bank Mellat
...thin 2009-10 and a further 60% by 21 March 2011. A senior member of the Iranian Privatization Organization (IPO), Fathali Khosdin, who is overseeing the process, told the press “we have been seeking this for a long time as this gives a free hand to the bank. Under the present structure, we have re...
Volume: 52Issue: 08Published at Mon, 23 Feb 2009 -
Technip Wins Midor Coking Unit Contract, But Egypt’s New Refinery Plans Stall
...nuary). The new facilities at Musturud, which will produce 2.2mn tons/year of diesel and 700,000 t/y of high octane gasoline, were originally due on-stream in 2011, but this date is now expected to slip. For some years, Egypt has been seeking to exploit its strategic geographical location between Eu...
Volume: 52Issue: 07Published at Mon, 16 Feb 2009 -
Libya’s Exploration Drive Falters
...ogram to Libya’s National Oil Corporation (NOC) in November, which if approved, could bring some of these discoveries on-stream by 2011 at an initial rate of 50,000 b/d of oil and 50mn cfd of gas (MEES, 15 December 2008). But the block, which Verenex acquired in the first EPSA-4 bid round, is in the Gh...
Volume: 52Issue: 06Published at Mon, 09 Feb 2009 -
Iran’s External Debt Fell To $23.3Bn By September 2008
...yments in the following four years: Year Debt Repayment ($Bn) 1387 (2008-09) 6.722 1388 (2009-10) 5.126 1389 (2010-11) 2.561 1390 (2011-12) 2.120 1391 (2012-13) onwards 6.775 Th...
Volume: 52Issue: 06Published at Mon, 09 Feb 2009 -
Saudi Fransi Finances Steel Project
...mpany has a paid-up capital of SR450mn ($120mn) and the project will attract total investments of some SR1.3bn ($346.7mn). Construction of the first phase of the project will start soon and production of some 1.5mn tons of various types of steel is expected in 2011. The steel plant will be built in th...
Volume: 52Issue: 06Published at Mon, 09 Feb 2009 -
Delay Pays Dividends For Abu Dhabi’s SAS Development
...fshore Umm al-Lulu field, operated by ADMA-OPCO, or an expansion of around 50,000 b/d at ADCO’s Bab field, where capacity is currently around 320,000 b/d. The ExxonMobil-led project to expand capacity at the offshore Upper Zakum field from 550,000 b/d in 2006 to 750,000 b/d by 2011 has hit hurdles am...
Volume: 52Issue: 05Published at Mon, 02 Feb 2009 -
ABB Wins $95Mn Order For Saudi Power Substations
...e 2008 and the substations are scheduled for completion in 2011. ABB will be also responsible for the design, supply, installation, and commissioning of the substations (132 kV and 110 kV)....
Volume: 52Issue: 05Published at Mon, 02 Feb 2009