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Egypt’s Ambitious Budget Targets Camouflage Political Worries
...at the budget for fiscal 2007-08, which coincides with the beginning of the sixth five-year development plan (2007-08 to 2011-12), will focus on human development and putting a limit on poverty; unemployment; dealing with the disparity of income; achieving higher economic growth and a fairer di...
Volume: 50Issue: 31Published at Mon, 30 Jul 2007 -
Gulf Power Part 2: Financing Competition Still Fierce As Global Credit Jitters Grow
...id that additional capacity will be needed from 2011. New capacity is being added via Taweelah A10 and the 'Umm al-Nar extension, which will come on-stream in 2009, and Fujairah-2, which will start up in 2010. After that an eighth IWPP, Shuweihat S2, will be developed, with the capacity to pr...
Volume: 50Issue: 31Published at Mon, 30 Jul 2007 -
Shuwayyib Appointed As CEO, Deputy Chairman Of KPC
...om developers proved well beyond the funds allocated by KNPC. MEES understands, however, that reformulated bids are now topping the $17bn mark, despite efforts by KNPC to restructure the contract on an open book basis (MEES, 19 February). KNPC now plans to complete the refinery by the end of 2011...
Volume: 50Issue: 31Published at Mon, 30 Jul 2007 -
Greece, Italy And Turkey Sign Intergovernmental Accord On IGI Gas Pipeline
...gin in June 2008 and the pipeline should be complete with an 8-9 bcm/year capacity in 2011....
Volume: 50Issue: 31Published at Mon, 30 Jul 2007 -
Algeria Scales Back Oil Output Targets Amid Renewed Gas Emphasis
...due for completion in September 2011, around two years later than originally planned. Escalating costs had prevented progress on the Skikda project, with negotiations for the final EPC contract being drawn out over more than two years. As further evidence of the importance Algeria attaches to...
Volume: 50Issue: 29Published at Mon, 16 Jul 2007 -
Oil Market Tightness Will Continue Beyond 2010 Despite High Prices, Says IEA
...l Supply/Demand Outlook 2007-12 (Mn B/D) 2007 2008 2009 2010 2011 2012 Global Demand 86.13 88.27 90.02 91.91 93.84 95.82 Non-OPEC Supply 49.98 50...
Volume: 50Issue: 29Published at Mon, 16 Jul 2007 -
Libya’s Limited Infrastructure Hampers Gas Expansion Plans
...10 bcm/y, is due to be expanded to 11bcm by 2011 at a cost of €84mn. It appears that there is no shortage of Libyan gas to fill the country’s only gas export pipeline, and certainly no shortage of buying interest in Italy, where Eni has brought forward plans to increase pipeline supplies of na...
Volume: 50Issue: 28Published at Mon, 09 Jul 2007 -
Iran Invites Pakistan And India To Sign Pipeline Agreement Despite Outstanding Issues
...rvice on 30 June, Mr Ghanimifard said the signing could take place by end-July or in August, with construction costs estimated at $7.4bn and deliveries to start as early as 2011. However, Pakistan and India have still to agree on the transportation tariff for India’s gas across Pakistan (MEES, 7 Ma...
Volume: 50Issue: 28Published at Mon, 09 Jul 2007 -
Qatar To Issue Tender For New Refinery For Increased Shaheen Field Oil Output
...tput is being ramped up by operator Maersk. According to Oil Minister 'Abd Allah al-'Attiyah, technical and feasibility studies for the plant have been completed. The refinery is planned to come on-stream in 2011, he said on 24 June. In 2005, Maersk launched a $3bn plan to raise production from th...
Volume: 50Issue: 27Published at Mon, 02 Jul 2007 -
Marib Refinery Capacity To Be Increased To 25,000 B/D
...dhramawt and at al-Mukalla, to be wholly-owned by foreign companies that will have the freedom to sell products in local market as well as export them. Discussions with prospective investors are expected to be concluded by 2008 and construction completed by 2011 (MEES, 22 January)....
Volume: 50Issue: 27Published at Mon, 02 Jul 2007