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Iraqi Infrastructure Crunch Begins To Bite
...e Kurdistan Regional Government (KRG) area (currently running at half of 300,000b/d capacity), Chairman of the Prime Ministerial Advisory Committee Thamir Ghadhban said. Next year 500,000 b/d of new capacity should be added, with around 700,000 b/d in 2014, to achieve a sustainable capacity target of...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
Abu Dhabi Invites IOCs To Prequalify – Partex’s 2% Stake Up For Grabs
...rtex (2%) – which expire in January 2014, while replacing Partex with a newcomer that can bring finance or technology to the consortium – or auction off individual fields, which produce a total of over 1.4mn b/d. Prequalifying submissions have to be in by mid-July. Partex’s 2% stake is a historical qu...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
Oman Anticipates More LNG Exports On Back Of BP Upstream Output
...ditional exports in the period post-2016 after BP has ramped up to ‘to be agreed with government’ production levels for tight gas. In 2014 plans for 2016-onwards production and demand levels will be firmed up and the options to export, or not, will be clearer.” Oman LNG (government 51%, Shell 30...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
BP Starts Drilling Of First Risha Gas Well
...said to be currently receiving 30mn cfd of gas from Egypt instead of the 300mn cfd needed to fuel the country’s power plants (MEES, 11 June). Jordan Plans LNG Terminal By 2014 Jordan plans to begin importing LNG via a gas terminal which is to be built on the Red Sea port of 'Aqaba by...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
IMF Says Kuwait’s 2012 Economic Outlook Positive Despite Political Instability
...blic Pension Fund. In 2008-09, KD5.5bn were transferred. KD1.1bn is budgeted for each year from 2010-11 to 2014-15. 4. Excludes debt of Kuwait’s sovereign wealth fund related to asset management operations. 5. Excludes special drawing rights and IMF reserve position. 6. Change in the Ku...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
Nogaholding Poised For Bahrain Energy Sector Expansion
...e pre-Khuff contains commercial volumes of gas. A final investment decision on pre-Khuff development is not expected until 2014. Like the GCC, which is gas-short apart from Qatar, Bahrain is a “gas consumer rather than supplier,” stresses Shaikh Mohamed. But recent developments help consumers, he sa...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
‘Revolutionary’ Economies Face Financing Woes
...nking On A Euro-Rebound The World Bank predicts a sharp rebound in the two key Arab Spring economies of Egypt and Tunisia, with growth of 3.6-3.8% for 2013 and 4.6% by 2014, “more in line with their underlying potential.” But this may prove optimistic given that it is predicated on a stabilization of...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
Iran Condensate Severely Discounted, Gulf Producers Face Changing Market
...ach full production and export capacity by 2014, but it is still unclear how it will market it all. Qatar must now determine its future direction as a condensate seller that has committed most if not all of its export availability. “Tasweeq has to ensure that it doesn’t target both condensate and LPG at...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
Bahrain Tender Board Continues To Evaluate LNG Import Terminal Bids
...the 5th OPEC International Seminar in Vienna on 13 June. The winner is expected to be announced before the end of the year and then the front end engineering and design (FEED) will start. The tender specifies the import of 400-800 cfd of LNG for 15 years starting in 2014. Like the other Gu...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
Petrokemya And Tecnicas Reunidas Plan To Establish ABS Plant
...change website. The ABS project is expected to be mechanically completed during the fourth quarter of 2014. The project will produce a variety of grades of ABS to support the automotive and electrical appliance industries. ...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
Kuwait’s Oil Minister Stands Firm Against MPs, Appoints Senior Management
...urisly as chairman and managing director. KOTC plans to build nine tankers by 2014 – taking the total to 33 (MEES 30 January). Mr Khashti is a veteran KPC executive whose positions have included heading Kuwait Gulf Oil Company (KGOC) and Kuwait Foreign Petroleum Exploration Company (Kufpec). Mr Bourisly be...
Volume: 55Issue: 24Published at Mon, 11 Jun 2012 -
New Algerian LNG Capacity Faces Lack Of Gas
...sition to supply them a final investment decision (FID) has been repeatedly put back. The project, which had been due on stream in 2014, will almost certainly be shelved later this year. Italy, which remains Algeria’s top export customer, is already linked (via Tunisia) by the TransMed pi...
Volume: 55Issue: 24Published at Mon, 11 Jun 2012 -
NIORDC Announces Oil Products Agreement With Iraq
...ana that the two sides confirmed an agreement for the construction of a 270km gas pipeline by December 2014 for the supply of 25mn cmd of Iranian gas to the Baghdad and al-Mansoura power plants. Mr Owji added that Iraq again expressed its support for a 5,800km gas pipeline linking Iran with Iraq, Sy...
Volume: 55Issue: 24Published at Mon, 11 Jun 2012 -
Pakistani President Reaffirms Commitment To Iran-Pakistan Gas Pipeline
...s government was committed to complete its part of the 7.8 bcm/year capacity pipeline by 2014. In related news National Iranian Gas Company (NIGC) director of gas distribution Mostafa Sheikh Bahaie told reporters on 5 June that the Iranian component of the Iran-Pakistan pipeline was almost 75% co...
Volume: 55Issue: 24Published at Mon, 11 Jun 2012 -
Qatar Continues To Boost Budget Expenditure In 2012-13
...owth in the hydrocarbon sector slowing down to 3% due to Qatar’s self imposed moratorium on the development of new North Field projects until 2014, while substantial investment in infrastructure, coupled with increased levels of production in Qatar’s manufacturing sector is projected to boost growth in th...
Volume: 55Issue: 23Published at Mon, 04 Jun 2012 -
Bahrain Narrows In On Preferred Bidders For LNG Import Terminal
...mpany, Nogaholding, told MEES. The tender board, which meets weekly, will then decide whether to approve the choice, and if it does the results will be published. The tender specifies the import of LNG equivalent to 400-800mn cfd of gas for 15 years starting in 2014. Like the other Gulf countries, with th...
Volume: 55Issue: 23Published at Mon, 04 Jun 2012 -
Saudi Aramco Steps On The Gas
...gnificant for gas will be the start-up of the offshore 1.3bn cfd Hasbah and 1.2bn cfd Arabiyah non-associated fields in 2014 to feed the Wasit gas plant, currently under construction. Ordinary supply of 2.5bn cfd will produce 1.75bn cfd of sales gas and can be augmented to 3.05bn cfd in peak summer demand mo...
Volume: 55Issue: 23Published at Mon, 04 Jun 2012