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Qatargas Seals First Long-Term South-East Asian LNG Supply Deal
...12 to around 2.4mn tons this year, and around 4.6mn tons in 2014. Asian demand for LNG has continued to grow in recent years as countries seek more fuel for power generation. As a result, Qatar has looked to maximize its value by diverting supply originally planned for European and US ma...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
Saudi Arabia Tackles Water Demand Jump
...ants. King ‘Abd al-Aziz Center for Science and Technology has helped developed a 30,000 cmd plant at al-Khafji, which will start up in 2014. Saudi Arabia is developing a plan where renewables will receive subsidies to make them competitive in power generation – many of the desalination plants’ power ge...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
Anti-Maliki Protests Roil Investment Climate
...nstitutionally it is the President who can initiate a vote of no-confidence in the government. Iraq will not hold parliamentary elections until 2014, but a heavy defeat for Mr Maliki in provincial elections next year could potentially provide a platform for opponents to make another attempt to un...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
Iranian Crude Output Continues To Fall, Hurt By Sanctions
...d 2014 "Many challenges". Chinese, Japanese and Indonesian firms working on it Yaran Arvandan Oil & Gas Co. 300 0 30000 30000 en...
Volume: 55Issue: 05Published at Mon, 30 Jan 2012 -
KOTC Planning Expansion Of Fleet With Purchase of Nine Tankers
...d four petroleum products tankers, respectively. Construction work on the vessels is expected to be completed by 2014. “With this move, KOTC will realize its strategic goal set in coordination with the Kuwait Petroleum Corporation (KPC) to enhance the KOTC fleet to include 33 tankers,” Mr Bo...
Volume: 55Issue: 05Published at Mon, 30 Jan 2012 -
IMF Marks Down Global Growth, But Keeps MENA Forecast Unchanged
...st week, the US Federal Reserve said it sees low interest rates until at least late 2014 – its previous forecast had said that rates were to remain the same until the middle of 2013. IMF Director Christine Lagarde has called for its member countries to provide a further $500bn to allow it to meet an...
Volume: 55Issue: 05Published at Mon, 30 Jan 2012 -
Abu Dhabi Continues Uncertainty Over 1.4Mn B/D Concession
...isting partners in its existing consortium, whose concession is due to expire in January 2014, or seek new players. It also heated speculation about Asian companies’ future role in the emirate by signing a deal with China’s CNPC to award it new blocks, writes Nick Wilson. State-owned Abu Dhabi Na...
Volume: 55Issue: 04Published at Mon, 23 Jan 2012 -
Saudi Aramco/Sinopec Refinery Deal Highlights Growing Sino-Saudi Energy Axis
...yadh airport by the head of Saudi intelligence, Prince Muqrin bin ΄Abd al-Aziz, signaling security concerns were a major subject of discussion. YASREF is scheduled to come on stream in late 2014, Saudi Aramco said. It will produce “90,000 b/d of gasoline, 263,000 b/d of ultra-low-sulfur diesel, al...
Volume: 55Issue: 04Published at Mon, 23 Jan 2012 -
South Pars Reservoir Faces Challenges
...d Venezuela’s PDVSA (10%), which are providing $1bn. POGC says the project is 71% completed offshore and 27% onshore and first production will start in 2012. It is unlikely, however, that the contractor will be able to complete the onshore facilities before 2014. In anticipation of gas being pr...
Volume: 55Issue: 03Published at Mon, 16 Jan 2012 -
Tamar Partners Sign Gas Sales Contracts
...ars if all volumes provided for in the agreement have not been consumed. Supply is expected to begin during the second half of 2014. The Tamar partners on 9 December signed 16-year supply agreements with Ramat Negev Energy and Ashdod Energy, both of which are owned 58% by Edeltech and 42% by Zo...
Volume: 55Issue: 03Published at Mon, 16 Jan 2012 -
Noble To Resume Work On Leviathan-1 Well In Search Of Crude
...2bn and with deliveries scheduled to begin in 2014. GGR Plans Myra And Sarah Wells To Start Late February GeoGlobal Resources has confirmed to MEES that drilling will begin in Israel’s offshore Myra Block in late February using the Homer Ferrington rig. GGR will be targeting a gas prospect in th...
Volume: 55Issue: 03Published at Mon, 16 Jan 2012 -
IMF Says Oman’s Economy Grew By 5.5% In 2011
...10 2011 2012 2013 2014 Proj 2015 2016 Oil and Gas Se...
Volume: 55Issue: 01/02Published at Mon, 09 Jan 2012 -
Qatari Economic Growth To Slow In 2012, IMF Warns
...eld projects until 2014, while substantial investment in infrastructure, coupled with increased levels of production in the country’s manufacturing sector is projected to boost growth in the country’s real non-hydrocarbon GDP to 9%. Consequently, the IMF went on to suggest that the medium term outlook fo...
Volume: 55Issue: 01/02Published at Mon, 09 Jan 2012 -
Kuwait’s 2011-12 Draft Budget Projects Higher Revenue And Lower Deficit
...nsion scheme. The first payment was made in 2010-11 and the last is due in 2014-15. The draft budget needs parliamentary ratification. The 2010-11 budget projected total revenue at KD9,719mn ($34,794mn), total expenditure at KD16,310mn ($58,390mn) and a deficit of KD7,562mn ($27,072mn ‒ MEES, 27 Se...
Volume: 54Issue: 05Published at Mon, 31 Jan 2011 -
OPWP Prequalifies Companies For 2GW Sur IPP
...rst phase and 1.5gw in the second phase. Prequalified companies have until 7 March to submit final bids. The winning bidder is expected to complete the first phase by the summer of 2013. Full commissioning is expected ahead of the 2014 summer peak demand, the daily reported. OPWP issued its re...
Volume: 54Issue: 05Published at Mon, 31 Jan 2011 -
Israel’s Sheshinski Committee Recommendations
...vy imposed on revenues from the deposits will be reduced by 50%, ie multiplied by a factor of 0.5, until the end of production of the gas that is currently in the deposit. Deposits in which production will begin after the establishment of the Committee, but no later than 1 January 2014...
Volume: 54Issue: 05Published at Mon, 31 Jan 2011 -
'Attiyah Hands Over Qatar Energy Portfolio To Sada
...otas. A future decision the minister will have to take is on the moratorium on new developments of the North Field. QP has said it will not decide whether to lift the moratorium until 2014. MEES understands that it is more likely to be 2016 after results from the 1.5bn cfd Barzan gas development in it...
Volume: 54Issue: 04Published at Mon, 24 Jan 2011 -
Syria Plans To Raise Domestic Price Of Fuel Oil To Market Level
...ternational prices. The current subsidized price of S£8,500 ($182.80)/ton for the industrial sector will rise to S£13,000 ($279.60)/ton on 1 April, S£16,000 ($344.10)/ton on 1 January 2012, S£20,000 ($430.10)/ton on 1 January 2013 and will reach the international market price by 2014. In addition in...
Volume: 54Issue: 04Published at Mon, 24 Jan 2011 -
China Hedges Bets As South Sudan Votes On Independence
...ploration in March and a consortium led by Luxembourg’s Star Petroleum will start exploring Block E. “We estimate that these two blocks have huge reserves which could allow us to add three times the current production to reach maybe 2mn b/d in around 2014 to 2015,” he said, according to AFP. Total sp...
Volume: 54Issue: 03Published at Mon, 17 Jan 2011 -
Unrest Sweeps North Africa
...esident Ben Ali called the ongoing nationwide protests “acts of terrorism” and blamed “foreign parties” during a speech on national television. However, on 13 January Mr Ben Ali announced on state television that he would not seek a sixth term in office when his current one ends in 2014. Following the an...
Volume: 54Issue: 03Published at Mon, 17 Jan 2011