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Kuwait Discovers More Burgan Reservoirs, Plans Water Injection
...ra structure – one of the fastest-depleting reservoirs, MEES learns. The project needs collection, treatment and injection facilities by 2014 for as much as 1mn b/d of water. When Burgan first started producing nearly 70 years ago some individual wells were producing 15,000 b/d. “Today additional we...
Volume: 54Issue: 26Published at Mon, 27 Jun 2011 -
IEA Medium Term Forecast Sees Demand Growing By 1.2Mn B/D Annually For 2010-16
...versify away from ‘traditional’ OECD markets into lucrative Asian markets. The Middle East will remain the key supplier, accounting for 47% of global exports in 2016. IEA World Oil Supply And Demand Outlook 2010-16 (Mn B/D) 2010 2011 2012 2013 2014...
Volume: 54Issue: 25Published at Mon, 20 Jun 2011 -
Kuwaiti Real GDP Growth Expected To Hit 4.7% In 2011, NBK Says
...ojects (MEES, 27 September 2010). The ambitious KD31bn ($112.8bn) plan – ending in 2014 – calls for spending an amount close to KD5bn ($18.2bn) on infrastructure in the 2010-11 fiscal year. However, the government expects actual spending to only be around the KD2.5bn ($9.09bn) mark, or 50% of the to...
Volume: 54Issue: 25Published at Mon, 20 Jun 2011 -
Saudi Authorities Set To Overhaul Private Sector Employment Rules, BSF Says
...ployment quotas. Ultimately, the government’s aim is to create of 1.12mn new jobs for Saudi citizens by 2014. In its latest Saudi Arabia Economics report, BSF warns: “the initial shock of Nitaqat, if enforced with vigor, could lead numerous smaller businesses to shut down, shake already feeble fo...
Volume: 54Issue: 25Published at Mon, 20 Jun 2011 -
Alstom Awarded €500Mn EPC Contract By Dalia For 835MW Tzafit Power Plant
...s-fired power plant at Tzafit in Israel. The contract covers the supply and construction of two 417mw gas-fired combined cycle units as well as associated civil works and switchgear. The plant will be located 40km southeast of Tel Aviv and commissioned in 2014. Alstom is expected to sign a 20...
Volume: 54Issue: 24Published at Mon, 13 Jun 2011 -
Saudi Aramco Accelerates 900,000 b/d Manifa Offshore Project
...ojects – 1.2bn cfd Arabiyah field and the 1.3bn cfd Hasbah field. They are to come on stream in 2014. While Saudi Aramco’s crude output in 2010 was slightly down from the previous year at 7.91mn b/d, it boosted gas production by over 600mn cfd over the previous year to hit 9.39bn cfd as full ca...
Volume: 54Issue: 24Published at Mon, 13 Jun 2011 -
Shah Field Doubts Cast Shadow Over Abu Dhabi’s Petchem Ambitions
...stream projects including the $10bn, 500mn cfd Shah gas field, Nick Wilson reports from Abu Dhabi. Partially state-owned petrochemical firm Borouge’s ethylene cracker expansion to 3.6mn tons/year by 2014 depends on the integrated completion of five upstream sources of ethane and building two new NG...
Volume: 54Issue: 23Published at Mon, 06 Jun 2011 -
Total Farms In To Qatar’s Offshore Block BC
...ploration wells drilled by 2014. “The farm-in transaction is another step forward in the partnerships forged with Qatar Petroleum and CNOOC, and reflects Total’s commitment to expanding its exploration and production operations in promising geological basins,” stated Christophe de Margerie, Total’s CEO. To...
Volume: 54Issue: 23Published at Mon, 06 Jun 2011 -
DEWA Invites 18 Developers To Bid For Dubai’s First IPP
...ivate partnership framework,” commented one UAE power expert. DEWA and its advisers, which include HSBC, plan to have a conference with developers in about a month’s time, and this will also include one-to-one meetings with the prospective bidders. The Hassyan I project’s startup is scheduled for 2014...
Volume: 54Issue: 23Published at Mon, 06 Jun 2011 -
The Forthcoming Exploration Blocks Bid Round In Iraq: Issues For Consideration
...d ID241.92bn for 2014. 3 Though the annual investment allocation for the exploration program is on an upward trend, the proportion to total plan investment allocation remains constant at 3.73% on both the aggregate and annual levels. This would lead me to suggest that the investment allocation fo...
Volume: 54Issue: 23Published at Mon, 06 Jun 2011