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Utenov: Kazakstan’s Strategic Oil Exports Outlook
...ich comes in approximately 2018-19 according to the group of six companies’ estimate. Before the start of oil production under the framework of Kashagan Phase 2 development, the capacity of the existing export systems with full extension of the CPC oil pipeline by the end of 2014 will be enough to ex...
Volume: 54Issue: 03Published at Mon, 17 Jan 2011 -
Abu Dhabi Renews Cosmo Concessions
...nuary 2014 (MEES, 22 February 2010). The Cosmo renewal is the emirate’s second. ADNOC’s onshore gas division, GASCO, (ADNOC 68%, Shell 15%, Total 15%, and Portugal’s Partex 2%) had its concession renewed in March 2009, six months after it had expired. It was post dated to October 2008 and will ex...
Volume: 54Issue: 03Published at Mon, 17 Jan 2011 -
Political Comment (17 January 2011)
...Middle East Economic Survey VOL. LIV No 3 17-Jan-2011 POLITICAL COMMENT Political Comment (17 January 2011) Tunisian President Zine al-Abidine Ben Ali has responded to violent unrest in the country by announcing that he will not run for reelection in 2014. Lebanon's na...
Volume: 54Issue: 03Published at Mon, 17 Jan 2011 -
Saudis Accelerate Multi-Billion Dollar Downstream Drive
...3,000 b/d of ultra-low sulfur diesel, 6,300 tons/day of coke and 1,200 t/d of sulphur from late 2014/early 2015. Sinopec is involved in a so-far unsuccessful gas exploration joint venture in Saudi Arabia’s Empty Quarter and also partners Saudi Aramco at its 240,000 b/d Fujian refinery and petrochemical pl...
Volume: 54Issue: 01/02Published at Mon, 10 Jan 2011 -
Cyprus Agrees Details Of $6Bn LNG Supply Deal With Shell
...ll sales and purchase agreement (SPA) will take several more months. MEES understands that the Cypriot side requested the 20-year term for the deal, which will be very flexible in volume deliveries but still contain take-or-pay terms. Gas deliveries are to begin in 2014-15 and will be priced against Br...
Volume: 54Issue: 01/02Published at Mon, 10 Jan 2011 -
Noble Energy Makes Major Gas Discovery Offshore Israel With Leviathan Well
...nge between 50% and 62%. It recommended that the existing 12.5% royalty remain in place and that tax on profits range between 20% and 50%. The existing depletion allowance would be cancelled. Depreciation would be accelerated and oil and gas fields that begin production by 2014 would receive a lo...
Volume: 54Issue: 01/02Published at Mon, 10 Jan 2011 -
SEC Announces Plan To Expand Generating Capacity By 2016
...wer plants – at Rabigh, Riyadh and Qurayah – between April 2012 and April 2014, adding 5.2gw in new capacity (MEES, 4 October)....
Volume: 54Issue: 01/02Published at Mon, 10 Jan 2011 -
Saudi Aramco Takes Central Role Downstream
...port Refinery ConocoPhillips, Saudi Aramco 400 2014 Jazan Saudi Aramco 400 2015 Ras Tanura Expansion Saudi Aramco 50 2015 East Coast Refinery Saudi Aramco 40...
Volume: 53Issue: 04Published at Mon, 25 Jan 2010 -
Azerbaijan Plans Gas Production Boost, More Exports In 2010
...sfield, which is nearing Stage 1 completion and producing 22-23mn cmd (8-8.4 bcm/y). Stage 2 development is expected to be completed in around 2014 and result in output doubling to 16 bcm/y. Shah Deniz reserves are estimated at 1.2 tcm. The EU and US backed Nabucco Gas Pipeline project is keen to se...
Volume: 53Issue: 03Published at Mon, 18 Jan 2010 -
Naftogaz Default Threat Warning By Ukraine Energy Official
...oject be completed in 2014 (MEES, 11 January). Throughput is expected to remain at current rate until the expansion is complete. Turkmenistan resumed gas supplies to Russia on 9 January at a rate of 10 bcm/year following a meeting in late December between Turkmen President Gurbanguli Be...
Volume: 53Issue: 03Published at Mon, 18 Jan 2010 -
SEC Continues To Evaluate Bids For Riyadh PP11 IPP
...ficial launch to potential developers mid-year. This would become operational in 2014 and produce 2gw. This month SEC awarded an SR1.08bn ($288mn) contract to Arabian Bemco Contracting Company to expand a plant in Qassim, an agricultural region in the center of Saudi Arabia, said state news agency SP...
Volume: 53Issue: 03Published at Mon, 18 Jan 2010 -
Iraq’s TSC And PSC Agreements – A Good Deal For Iraq?
...reach production parity with Iran around 2014. After that, OPEC constraints are likely to peg Iraq’s production to that of Iran until 2019 or 2018 in the most likely or high cases for ‘call-on-OPEC’ respectively. Therefore, the call on Iraq’s crude oil production is forecast to be limited to 4-...
Volume: 53Issue: 03Published at Mon, 18 Jan 2010 -
CPC Shareholders Approve Pipeline Expansion To 67Mn Tons/Year
...cember approved the long-proposed capacity expansion of the CPC oil pipeline during a gathering in Moscow of the CPC-R Board of Directors and CPC-K Extraordinary General Shareholders. Implementation of the plan to boost the 1,510km pipeline’s capacity to 67mn tons/year (1.34mn b/d) by 2014 is to be...
Volume: 53Issue: 02Published at Mon, 11 Jan 2010 -
Ma'aden And Alcoa In Joint Venture For Aluminum Complex In Saudi Arabia
...th the rolling mill and smelter in the first phase. First production from the smelter and rolling mill is anticipated in 2013 and first production from the mine and refinery is expected in 2014. A Ma'aden statement estimated capital investment at approximately SR40.5bn ($10.8bn), subject to the co...
Volume: 53Issue: 01Published at Mon, 04 Jan 2010 -
Abu Dhabi Aims For Oil/Non-Oil GDP Equilibrium
...Middle East Economic Survey VOL. LII No 2 12-Jan-2009 UAE Abu Dhabi Aims For Oil/Non-Oil GDP Equilibrium Abu Dhabi is seeking to increase the non-oil sector’s contribution to its gross domestic product (GDP), reaching equilibrium with oil GDP in 2014-16 (see table) and ai...
Volume: 52Issue: 02Published at Mon, 12 Jan 2009 -
Iran Petroleum Crisis Claims “Fundamentally Unsound”, Says Fesharaki
...that, absent some change in Iranian policy, this ratio will be 0.33-0.46, with exports declining to zero by 2014-15. Energy subsidies, hostility to foreign investment, and inefficiencies in its state-planned economy underlie Iran’s problem.” Mr Stern adds that the export decline rate estimate is...
Volume: 50Issue: 03Published at Mon, 15 Jan 2007 -
Syrian Official Warns Against Continued Dependence On Oil Revenue
...Middle East Economic Survey VOL. XLVIII No 5 31-January-2005 SYRIA Syrian Official Warns Against Continued Dependence On Oil Revenue Syrian economic growth will start to decline as of 2014 if the country continues to depend on oil production which has been falling in recent ye...
Volume: 48Issue: 05Published at Mon, 31 Jan 2005 -
Ex-Soviet Oil Exports: Are the Russians Really Coming?
...en for the future. Meanwhile, the CPC capacities are to be increased from the current 480,000 b/d to 1.06mn b/d in 2006 and 1.42mn b/d by 2014. This will require additional investment of $1-1.3bn, including $250-300mn due to be provided by Russia. And the Russian government, which has a 24% stake in...
Volume: 47Issue: 04Published at Mon, 26 Jan 2004 -
S&P Affirms Qatar’s RasGas Credit Ratings
...VOL. XLVII No 03 19-January-2004 RATINGS S&P Affirms Qatar’s RasGas Credit Ratings Ratings agency Standard and Poor’s (S&P) on 6 January affirmed its BBB+ rating for Ras Laffan Liquified Natural Gas Company’s (RasGas) $800mn bonds (priced at 8.29%) which fall due on 15 March 2014, an...
Volume: 47Issue: 03Published at Mon, 19 Jan 2004 -
S&P Sees Negative Implications For Ras Laffan Bonds
...0mn due in 2006 and the second $800mn due in 2014, for the moment both remain rated at the BBB-. S&P said that it "remains concerned that the potential deterioration in credit quality of the majority shareholders could impair the ability of Kogas to honor the terms of the SPA (Sale and Purchase Ag...
Volume: 41Issue: 04Published at Mon, 26 Jan 1998