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Socar-Turcas Venture Gets Permit For $4Bn Refinery/Petchem Plant In Izmir Aliaga
...rope. It will also generate electric power. The plant is scheduled to come into operation in 2014....
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
Rumaila Economics And Its Implications
...ateau target. Hence, we assume that the new year-end capacities for 2013, 2014, and 2015 would be 2.4mn b/d, 2.6mn b/d and 2.85mn b/d, respectively. Year-end production capacity does not mean actual production capacity throughout that year. Hence, the assumed actual production for any particular ye...
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
Qatar Eyes Yamal And Iran Investments, Technical Problems Close LNG Plants
...extra 1.5bn cfd of gas by 2014 for power generation. However, “our local electricity demand forecasts are all over the place,” a QP official tells MEES. The problems appear to have already created one casualty, Faisal al-Suwaidi, former CEO of Qatargas, who was forced to resign this month as pr...
Volume: 53Issue: 24Published at Mon, 14 Jun 2010 -
Aegean And Groundstar Revise West Kom Ombo Farm-In Terms (15)
...oundstar Resources to acquire a 70% stake and operatorship of the West Kom Ombo (WKO) block in Egypt’s south central desert, it was announced on 7 June. Aegean has committed to drill a minimum of four exploration wells at a cost of up to $30mn by September 2014, but notes that seismic data has not been ac...
Volume: 53Issue: 24Published at Mon, 14 Jun 2010 -
KFIC Agrees $495Mn Debt Restructuring Deal
...nders and shareholders to restructure KD145mn ($495mn) in debt, it announced on 7 June. The five-year restructuring proposal was approved by all 22 local and international lenders, and will see the debt paid in four tranches, the last of which will be settled on 31 December 2014. The company’s debt re...
Volume: 53Issue: 24Published at Mon, 14 Jun 2010 -
NBK Says Kuwait Consumer Spending On The Rise
...2014, a target NBK cites as achievable if all planned projects and policies are implemented on schedule. “Still, at this rate, new jobs may not be enough to absorb all entrants into the labor market,” it said, adding that while the consumer sector is recovering nicely, employment growth would be ab...
Volume: 53Issue: 24Published at Mon, 14 Jun 2010 -
Naimi Assesses International And Saudi Energy Prospects
...ojects around 2014 or earlier than that? AN: Earlier than that, probably 2012. We are continuously looking every year at two things: what we need to do to maintain our capacity today, which requires two thirds of the dollar; and we also look at our production capacity compared to what we think the ca...
Volume: 53Issue: 24Published at Mon, 14 Jun 2010 -
Cash Shortage Delays Iran Gas Pipeline, Pakistan Pursuing LNG Imports
...nally signed a deal to build a 2,150km pipeline to supply Iranian gas to Pakistan. But Pakistan cannot find the $1.65bn it needs to build its part of the project. They signed the 25-year deal on 28 May to pump 750mn cfd of gas from the South Pars field to Pakistan by the end of 2014, with the option of in...
Volume: 53Issue: 23Published at Mon, 07 Jun 2010 -
NITC Orders Six LNG Carriers From China
...livery between 2014 and 2015. Announcing the deal, NITC’s managing director Mohammad Souri said that his company usually bought South Korean vessels, but has judged this time that the Chinese offer was better. Iran shares the vast South Pars gas field with Qatar, but unlike its neighbor it has not st...
Volume: 53Issue: 23Published at Mon, 07 Jun 2010 -
Algeria Aims To Boost Domestic LPG Consumption, Reduce Costly Diesel Imports
...ound 500, and to double domestic sales of LPG for transportation purposes to 600,000 t/y by 2014. Currently only 7% of the cars in Algeria run on LPG, compared to 79% that run on gasoline and 14% that run on diesel, despite the fact that Algeria produces around 9mn t/y of the fuel. As well as the ex...
Volume: 52Issue: 26Published at Mon, 29 Jun 2009 -
Israel To Build Offshore LNG Receiving Terminal ‘By 2013’
...begin production in 2013. But the field, which is thought to have reserves of 5-7 tcf of gas, is located at a depth of more than 15,000ft in 5,500ft (1,677ms) of water, and some observers believe that 2014-15 is now the most likely start-up date. Noble is currently drawing up a more accurate es...
Volume: 52Issue: 26Published at Mon, 29 Jun 2009 -
JGC Wins Management Contract For PETRORabigh Expansion
...11, with start-up due in 2014. PETRORabigh Phase II involves construction of a 30mn cfd ethane cracker, a 2.5-3mn tons/year naphtha reforming complex, an aromatics complex that will receive around 2mn t/y of the reformate as feedstock, and 17 worldscale derivatives units that will receive benzene an...
Volume: 52Issue: 26Published at Mon, 29 Jun 2009 -
Egypt Raises Gas Supplies To Israel After Reaching New Price Agreement
...vertheless, the original memorandum of understanding (MOU) potentially allows Israel to import up to 7 bcm/year of Egyptian gas. And with Israel’s big new gas discoveries not expected on stream before 2014, Cairo stands to benefit from its neighbor’s greater energy dependency, especially now that an ac...
Volume: 52Issue: 25Published at Mon, 22 Jun 2009 -
QP Eyes Decision On 250,000 B/D Shaheen Refinery
...ght, al-Shaheen is unlikely to come on stream before 2014. Meanwhile, start-up of Qatar’s new condensate refinery, currently being commissioned, is taking longer than anticipated and the 146,000 b/d plant is unlikely to begin full scale production until the fourth quarter. Also, internal QP es...
Volume: 52Issue: 25Published at Mon, 22 Jun 2009 -
Global Energy Market Challenges And Long Term Responses
...ughly 7.6mn b/d out of a total potential 14.5mn b/d between 2009 and 2014 is at risk due to the oil price collapse. Although economic growth in the oil producing countries is projected to slow due to the impact of the crisis, the period of high oil prices in the past few years provided some go...
Volume: 52Issue: 24Published at Mon, 15 Jun 2009 -
Socar Starts Talks On ACG Deep Gas Drilling
...ojects for supply of gas from the Shah Deniz Phase 2 development in the Caspian Sea. Mr Aliyev said that the second production phase would deliver up to 16 bcm/year by 2014-15. Although the EU has declared support for both pipelines in a bid to reduce reliance on Russian gas supplies (MEES, 18 May), Mr...
Volume: 52Issue: 23Published at Mon, 08 Jun 2009 -
IEA Sees Tougher Financing And Weakening Demand Hitting Energy Investment
...OC 2009 2012 25 Azadegan South II Iran Onshore Oil NIOC 2012 2014 11...
Volume: 52Issue: 22Published at Mon, 01 Jun 2009 -
Gasco Concession Renewal Terms Viewed As Tough On International Partners
...scribed as very tough on the international partners. But they were finally prepared to accept them, said one ADNOC source, because of their other aspirations in Abu Dhabi: their wish to obtain the renewal of the concessions for oil and gas production that are due to expire in 2014 and 2018. Gasco’s br...
Volume: 52Issue: 22Published at Mon, 01 Jun 2009 -
NPC Plans To Double Production Capacity To 68Mn T/Y By 2014
...Middle East Economic Survey VOL. LI No 25 23-June-2008 IRAN NPC Plans To Double Production Capacity To 68Mn T/Y By 2014 Iran’s National Petrochemical Company (NPC) plans to invest more than $30bn by 2014 to double its current production level to 68mn tons/year, according to NP...
Volume: 51Issue: 25Published at Mon, 23 Jun 2008 -
Fesharaki: High Prices Not Threatening Demand Growth In Industrialized Countries
...rticularly in the industrial world.” Dr Fesharaki argues that recent market behaviour suggests it is increasingly reasonable to assume that worldwide oil demand would plateau at about 100mn b/d with prices remaining robust: “At current prices we expect it would be 2014-15 before demand flattens out, an...
Volume: 49Issue: 24Published at Mon, 12 Jun 2006