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Alnaft Says $1.5Bn Timimoun Project Set For 2014 Start-Up
...ALGERIA Alnaft Says $1.5Bn Timimoun Project Set For 2014 Start-Up Algeria’s Southwest Gas Project appears ready to take a further step forward. Sid Ali Berata, chairman of Algeria’s upstream regulator Alnaft, told the country’s state news agency APS that investment in the Total-led Ti...
Volume: 55Issue: 09Published at Mon, 27 Feb 2012 -
BP Sees North Africa As Key Exploration Area
...t to recover an estimated 5 tcf of gas and associated condensate though the subsea development of five offshore fields into a new onshore gas plant, with first gas anticipated for late 2014 (MEES, 26 July 2010). Algerian investment Of the company’s “key global projects” slated to come on st...
Volume: 55Issue: 09Published at Mon, 27 Feb 2012 -
Saudi Aramco And Pertamina Sign MOU For 300,000 B/D Java Refinery
...gineering packages are in the process of getting awarded (MEES, 1 August 2011). But an official green light for a major expansion at Petro Rabigh is still being delayed. A final investment decision (FID) was originally to have been made in late 2010/early 2011, to allow for start-up in 2014. But partner Su...
Volume: 55Issue: 09Published at Mon, 27 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 -
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 -
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 -
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 -
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 -
Bulgaria’s Share In Burgas-Alexandroupolis Pipeline To Be Controlled By Finance Ministry
...34mn b/d), with completion scheduled for 2014 (MEES, 11 January). Azerbaijan intends to boost gas exports to Iran to 1.2-1.5mn cmd by the end of February, Reuters reported on 12 February. The two countries signed a new gas sales and purchase agreement in January (MEES, 18 January). During 20...
Volume: 53Issue: 08Published at Mon, 22 Feb 2010 -
PDO Reports Production Increases And Four Discoveries In 2009
...2,000 b/d, in line with the company’s 540,000-560,000 b/d target. Gas production, meanwhile, increased to 410,000 boe/d from 390,000 boe/d in 2008. On the back of ongoing and new enhanced oil recovery (EOR) projects, PDO’s oil production target is likely to remain stable up to 2014, the Undersecretary of th...
Volume: 53Issue: 08Published at Mon, 22 Feb 2010 -
Albu-Kamal Petroleum Company Outlines Block 27 Plans
...d drill four more wells in the second quarter. Later the company plans to drill eight production and development wells at the field and maximum production is expected to rise to 4,500-5,000 b/d by 2014. The development budget for 2010 is put at $15mn. Tatneft signed a production sharing contract (PS...
Volume: 53Issue: 07Published at Mon, 15 Feb 2010