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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 -
Abu Dhabi’s ADCO Targets 1.8Mn B/D Oil Capacity
...rporation (GHC) and 30% by Athens-based Consolidated Contractors Company (CCC), which won part of the $1.3bn Shah and Sahil field development contract last year. Phase 2, scheduled to come on stream by 2014 ,will add another 70,000 b/d of new capacity, which will come from Bab, Asab and North East Bab. Me...
Volume: 53Issue: 08Published at Mon, 22 Feb 2010 -
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 -
Algeria Unveils 2010 Budget With 12.9% Increase In Expenditure
...ll also focus on the domestic market. According to a recent government report the plan is expected to achieve an average growth rate of 5% over 2010-14 and to reduce unemployment to less than 10% by 2014 from 11.3% in 2008 with the creation of some 3mn new jobs. Limited Effect Of Global Financial Cr...
Volume: 53Issue: 07Published at Mon, 15 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 -
Bulgaria Ratifies Nabucco Agreement, Hungary Gets Serious On South Stream
...reed to expand the pipeline’s capacity to 67mn tons/year (1.34mn b/d), with completion due in 2014 (MEES, 11 January). China expects natural gas deliveries from Turkmenistan through the newly-opened Trans Asia Gas Pipeline to reach 5.8 bcm during 2010. The 1,800km dual pipeline was inaugurated in De...
Volume: 53Issue: 06Published at Mon, 08 Feb 2010 -
A Tentative Forecast For Iraq’s Oil Production 2010-20
...enario is indicative: Iraqi Oil Production (Mn B\D) 2010 2011 2012 2013 2014 2015 2016 2.7 3.0 3.5 4.0 4.5 5.5 7.8 These figures are based on achieving the plateaus in the giant fields in the first licensing round as we...
Volume: 53Issue: 06Published at Mon, 08 Feb 2010 -
North Africa’s Largest Project Financing Eyes Finishing Line
...TK) contract and is scheduled for completion in 2014 (MEES, 24 August 2009). It was originally due on stream in 2011 at a cost of $2.25bn (MEES, 26 January 2009, 30 June 2008)....
Volume: 53Issue: 05Published at Mon, 01 Feb 2010 -
EU Strengthens Southern Gas Corridor Plan With Iraq MOU
...gin initial deliveries of around 8 bcm/year in 2014. The 3,300km pipeline will have a capacity to deliver 31 bcm/y and is hoping to secure gas supplies from Azerbaijan and Iraq. Eventually supplies may come from Egypt and possibly Turkmenistan. Azerbaijan has stated it intends to supply Nabucco, pr...
Volume: 53Issue: 05Published at Mon, 01 Feb 2010 -
Gazprom To Buy 2 BCM Of Azerbaijani Gas In 2011
...purchasing as much Azerbaijani gas as possible is seen as a political move designed to pre-empt Azerbaijani gas sales to the EU-backed Nabucco gas pipeline, which is hoping to secure gas supplies from Azerbaijan’s offshore Shah Deniz contract when Stage 2 comes into operation in 2014-15. St...
Volume: 53Issue: 05Published at Mon, 01 Feb 2010 -
Erdogan Supports Qatari Gas Pipeline To Turkey
...nsideration. Other recent developments in Turkey include: Hurriyet Daily News has reported that Socar and Turcas Refining, which owns Petkim Petrokimya Holding (Petkim), is to build a 10mn tons/year refinery at the Petkim Aliaga Complex in Izmir and have it in operation by 2014. The new plant is to...
Volume: 53Issue: 05Published at Mon, 01 Feb 2010