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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 -
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