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Shahristani Pledges ‘Acceptable’ Expansion After Fawqa Well Standoff
...en 2011 is going to increase sufficiently to disrupt the balance in the supply and demand in the world market,” Dr Shahristani said. “As for the impact on OPEC, of course we have to discuss this important issue once there is the capacity in Iraq in the coming few years and agree on criteria that are ac...
Volume: 53Issue: 01Published at Mon, 04 Jan 2010 -
Bids Submitted For Barqa 3 And Sohar 2 IPPs
...y of water. In November Singapore’s Sembcorp and Oman Investment Corporation signed a 15-year deal to supply Oman with power and water from the Salalah project. It will produce 400-430mw and 15mn gallons/day, reaching commercial operation in 2011. Project financing is being provided in a dollar tr...
Volume: 53Issue: 01Published at Mon, 04 Jan 2010 -
Oman Seeks Letters Of Interest For Duqm IWPP
...the largest and most important projects in the country and is of strategic importance to meet the Sultanate’s fast growing electricity and water demand,” said OPWP in a statement. The successful bidder will be awarded the contract in August 2011. The IWPP is one of five projects currently un...
Volume: 53Issue: 01Published at Mon, 04 Jan 2010 -
Increasing Gas Production And Export Bolster Qatar’s High Growth Rate
...sing production of LNG and associated natural gas liquids (NGL), says Samba in its latest report on the emirate’s economic outlook. Growth rate is projected to accelerate to 18% and 13% in 2010 and 2011 respectively as new LNG trains come on stream and the government’s robust counter-cyclical fi...
Volume: 53Issue: 01Published at Mon, 04 Jan 2010 -
Saudi Arabia Further Revises Project Schedule
...nifa project has been more substantially delayed, with contractors asked to go away and come back with better offers. A 2011 start-up for this is now out of the question. Similarily Saudi Aramco has held up the award of some of the construction contracts for the 1.5bn cfd Karan offshore gas development in...
Volume: 52Issue: 04Published at Mon, 26 Jan 2009 -
Construction Of Citadel’s Egypt Refinery Delayed By Financial Crisis
...ecifications. Previously, this residue had been sold as heavy fuel oil for use in Egypt’s power stations, but these have been converted to gas. With capacity to produce 2.2mn tons/year of diesel and 700,000 t/y of other products, the refinery was originally expected to start up in 2011 (MEES, 29 October 20...
Volume: 52Issue: 04Published at Mon, 26 Jan 2009 -
Bahrain, Saudi Arabia Plan To Build Oil Pipeline By 2011
...Middle East Economic Survey VOL. LII No 4 26-Jan-2009 Bahrain Bahrain, Saudi Arabia Plan To Build Oil Pipeline By 2011 Long-envisaged plans to build a new oil pipeline between Saudi Arabia and Bahrain are progressing. The engineering design is expected to be completed by the en...
Volume: 52Issue: 04Published at Mon, 26 Jan 2009 -
Sudan Peace Deal Increasingly At Risk, Report Warns
...t been resolved. As a consequence of these failures, the referendum that is due to take place in 2011 is becoming the CPA’s centerpiece, and all but a few expect that the south will vote for secession, which was only regarded as a last resort when the agreement was drafted. Unequal De...
Volume: 52Issue: 04Published at Mon, 26 Jan 2009 -
Algeria Facing Gas Supply Squeeze As Export Projects Unfold
...rgets. The LNG projects that Dr Feghouli was referring to are the 4.5mn tons/year plant at Skikda, being built by US firm KBR, and a 4.7mn t/y plant at Arzew, for which a joint venture between Italy’s Snamprogetti and Japan’s Chiyoda won the contract last July. They are due for completion in November 2011...
Volume: 52Issue: 02Published at Mon, 12 Jan 2009 -
Jadwa Says Financial Crisis Has Shifted Focus Of Saudi Economic Policy
...eir funding requirements without borrowing.” For example, state oil firm Saudi Aramco does not need to borrow to finance its investment plans, says the report, although it is working on five capacity expansion projects to 2011 that are budgeted at $60bn. Jadwa Estimates For Key Saudi Arabian Ec...
Volume: 52Issue: 01Published at Mon, 05 Jan 2009 -
Oman Faces Further Crude Oil Production Woes
...op crude production slippage turning into a rout. Shell-led Petroleum Development Oman (PDO) has dropped its target announced last year to raise crude production to 600,000 b/d by 2011. Oman’s Oil Ministry, while not happy, has accepted the downgrade, MEES learns. PDO will announce at its an...
Volume: 51Issue: 04Published at Mon, 28 Jan 2008 -
Saudi Aramco Prioritizes Karan Gas Field Development, Output Hikes Planned
...t be forging ahead with its first major non-associated offshore gas project. Karan is also, by some distance, Aramco’s largest non-associated gas project. The company is working hard to avoidan anticipated shortfall of gas in 2011-12, which will be especially evident in the summer months when po...
Volume: 51Issue: 04Published at Mon, 28 Jan 2008 -
Middle East Oil Production Held Back In 2007, North African And Caspian Output Increased
...adline for bids for the main construction packages on Saudi Aramco’s 900,000 b/d Manifa heavy oil increment, due on-stream in 2011. These are not now expected to be in until June. And the 500,000 b/d Khursaniyah project, the kingdom’s only scheduled 2007 crude increment, missed its year-end start-up ta...
Volume: 51Issue: 04Published at Mon, 28 Jan 2008 -
Iran Reports Record Balance Of Trade Surplus In 2006-07
...bsequent annual payments as per the following schedule: Year Repayments Schedule ($Bn) 1386 (2007-08) 12.389 1387 (2008-09) 2.831 1388 (2009-10) 2.078 1389 (2010-11) 1.747 1390 (2011-12) onwards 4....
Volume: 51Issue: 04Published at Mon, 28 Jan 2008 -
KOC Confirms Strategic Plans For Non-Associated Gas Development
...asasah, Hashim Hashim, Deputy Managing Director of KOC, Southern and Eastern regions, said the second phase of development would begin in mid-2008 and last until 2011, with capacity rising to 600mn cfd and 165,000 b/d of condensate, and involving the drilling of 34 additional wells. The third phase, wh...
Volume: 51Issue: 04Published at Mon, 28 Jan 2008 -
Saudi Downstream Drive Enters Critical Phase
...ability of some to the limit and delays prompted by the need to reduce costs have moved start-up dates on the new generation of Saudi refineries to late-2012-early-2013 from original 2011 start-up dates. Front-end engineering and design (FEED) for the kingdom’s two flagship export refinery joint ve...
Volume: 51Issue: 03Published at Mon, 21 Jan 2008 -
Algeria Set To Launch Seventh Bid Round In Upstream Gas Push
...ich is now expected in late 2011, three years later than originally thought, an Anadarko spokesman told MEES: “Given the licence [problems] with Sonatrach and trying to recoup money from the excess profits tax, that’s bound to have an impact on the timing of the project.” Another reason for the de...
Volume: 51Issue: 03Published at Mon, 21 Jan 2008 -
Agip KCO Partners Cede Ground To Kazakh Government In End To Kashagan Dispute
...r its share increase after the field comes into production – now set for late 2011. Analysts have put the value of the shares that KMG will receive close to $3bn. The MOU calls for consortium members to pay additional royalties once production begins that may amount to more than $4.5bn, de...
Volume: 51Issue: 03Published at Mon, 21 Jan 2008 -
Hints Of Progress On Third Anniversary Of Sudan’s Fragile Peace Agreement
...dicate that the SAF troops completed their withdrawal shortly before the gathering in Wau. Sudan’s First Vice President Salva Kiir, who heads the GoSS, also attended the celebrations. Referring to the referendum on unity that is due to take place in 2011, SUNA quoted Mr Kiir saying that the option fo...
Volume: 51Issue: 03Published at Mon, 21 Jan 2008 -
Kuwait Looks To Non-Associated Gas Debut
...ude at full capacity. Kuwait awarded the contract to design and build the country’s fourth gas train to Korea’s SK Engineering last month. The plant will have processing capacity of 805mn cfd of gas and 106,300 b/d of condensate and is due on-stream by end-February 2011. It will take not just non-as...
Volume: 51Issue: 02Published at Mon, 14 Jan 2008