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MENA’s Proposed Refining Capacity Additions Face Costs/Engineering Challenges
...gasoline will be eliminated by 2011-12, and the Middle East will have a surplus of some 200,000-250,000 b/d of gasoline by 2015. Additionally, FACTS predicts that the Middle East will have middle distillate export availability of 1.4mn b/d in 2015. Given rising Gulf region products demand, so...
Volume: 51Issue: 02Published at Mon, 14 Jan 2008 -
Khursaniyah Hitch Highlights Global Project Crunch
...oject under a traditional timetable would not have come on-stream until May 2009. But it is clear that Saudi Aramco is starting to feel the strain as it sets about implementing the largest expansion in its history. The firm plans to add almost 3mn b/d of gross crude production capacity by 2011. Ac...
Volume: 51Issue: 01Published at Mon, 07 Jan 2008 -
IEA Trims Oil Demand Growth Forecast Following Large US Data Revisions
...portantly, however, Angola’s production prior to OPEC membership was due to rise to 2.25mn b/d in 2009 and 2.40mn b/d in 2011 based on planned developments, net of field decline. The cartel has thus gathered into the fold one of the six main sources of likely non-OPEC growth over the coming five years. Th...
Volume: 50Issue: 04Published at Mon, 22 Jan 2007 -
Kuwait On Track To Start Northern Gas Development By End-Year
...scovery at the Umm Niga and Sabriya fields in the north of the country has been confirmed to contain 35 tcf of gas in place. As such, the phased development plan envisages initial production of 175mn cfd, rising to 600mn cfd by the end of 2011 and 1bn cfd by 2015. KOC is expected to carry out the de...
Volume: 50Issue: 04Published at Mon, 22 Jan 2007 -
Iran Petroleum Crisis Claims “Fundamentally Unsound”, Says Fesharaki
...port decline rate as the sum of its rates of reservoir depletion and domestic demand growth, and calculates this as 10-12%. He observes: “Even if a relatively optimistic schedule of future capacity addition is met, the ratio of 2011 to 2006 exports will be only 0.40-0.52. A more probable scenario is...
Volume: 50Issue: 03Published at Mon, 15 Jan 2007 -
NIORDC Lines Up Essar And Star Petrogas For New Refinery JVs
...ant on-line in 2011. It will process heavy crudes including Soroush and Nowruz, freeing up lighter grades for export. Meanwhile, NIORDC is also holding talks with Indonesia’s Star Petrogas regarding a 50% equity interest in a 360,000 b/d condensate refinery joint venture, also to be built at Bandar Ab...
Volume: 50Issue: 03Published at Mon, 15 Jan 2007 -
Ras Laffan Port Expansion Plans Sees Up To 10 Berths For LNG, Other Liquids
...rt would be handling up to 3,000 ships per year for the export of LNG and other liquids. “With six new LNG trains being built to boost exports to 77mn tons/year by 2011, the port is now undergoing an extensive reconstruction program to handle the increased volume of LNG and associated liquid pr...
Volume: 50Issue: 03Published at Mon, 15 Jan 2007 -
UAE Unveils $7.7Bn Balanced Budget For 2007
...Khurbash pointed out that this year’s budget was more coordinated than in previous years and defined implementation methods for projects from 2007 to 2011 under new procedures which come into effect this year. Allocations for current expenditure include Dh7.110bn ($1.94bn – 33% of the total) fo...
Volume: 50Issue: 03Published at Mon, 15 Jan 2007 -
CITIC Completes Purchase Of Nations Energy Kazakh Assets
...shore blocks in Uzbekistan, China’s Ministry of Commerce said on 29 December. The license was awarded to CNPC’s China National Oil & Gas Exploration and Development Corporation on 22 December. The company will invest some $200mn to drill 27 wells in an exploration area covering 3.4 sq km by 2011...
Volume: 50Issue: 01/02Published at Mon, 08 Jan 2007 -
Chinese Firm, Egyptian Companies Form Joint Venture For Rig Construction
...e partners are to each hold 25%. A construction schedule for the company calls for three rigs to be built in 2007, eight in 2008, 10 in 2009, 15 in 2010 and 20 in 2011. The rigs are to be used in Egypt and throughout the Middle East and Africa. Egyptian Minister of Petroleum Sameh Fahmy first di...
Volume: 50Issue: 01/02Published at Mon, 08 Jan 2007 -
Impact Of Caspian Shelf Crude Production On World A Decade Away
...heduled to begin in late 2006 and Phase 1 development is to reach a level of 8.4bcm/y by 2011. Subsequent development will increase production to 16bcm/y. Gas will be exported and delivered to Turkey and Georgia via the South Caucasus Pipeline (SCP) beginning late 2006. Later gas deliveries will ex...
Volume: 49Issue: 04Published at Mon, 23 Jan 2006 -
Qatar’s Pearl GTL Development Agreement Expected 3Q 2005, EPC Contract 1H 2006
...Agreement 154,000 2011 154,000 QP/Sasol Chevron Statement Of Intent 130,000 2010 130,000 Marathon Statement Of Intent 60...
Volume: 48Issue: 02Published at Mon, 10 Jan 2005 -
New Gulf Airlines Join Competition For Business
...rth more than $2.5bn for the planned new facility (MEES, 15 December). At the same time, Qatar Airways is pushing ahead with plans to increase its fleet to 52 aircraft in the next five years, taking the total to 56 by 2011. The Doha-based airline, like Emirates, is a major customer for the Airbus A3...
Volume: 47Issue: 01Published at Mon, 05 Jan 2004