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Nabucco Confirms 2014 Target For Pipeline Start-Up
...Middle East Economic Survey VOL. LIII No 13 29-March-2010 CASPIAN Nabucco Confirms 2014 Target For Pipeline Start-Up Nabucco Managing Director Reinhard Mitschek confirmed on 25 March that co...
Volume: 53Issue: 13Published at Mon, 29 Mar 2010 -
Iran And Pakistan Sign Gas Pipeline Agreement
...peline is scheduled for late 2014 or early 2015. Despite pressure from the US government on Islamabad not to sign the deal, Pakistan’s Minister of Petroleum Naveed Qamar told reporters on 17 March that the pipeline would constitute an “historic achievement” and a “milestone towards meeting” his country’s en...
Volume: 53Issue: 13Published at Mon, 29 Mar 2010 -
TAP Consortium Applies For Inclusion In Italy’s Rete Nazionale Gas Grid
...untries and Iran over the latter’s nuclear program, TAP is now looking to secure gas supplies from Azerbaijan’s Shah Deniz Stage 2 project, which could come into operation in 2014 or later....
Volume: 53Issue: 13Published at Mon, 29 Mar 2010 -
Turkey’s Energy Minister Says Politics Holding Up Gas Talks With Azerbaijan
...age 2 gas, which should begin around 2014 and theoretically feed both Nabucco and the ITGI. MEES understands that the Turkish government has made Azerbaijan an offer on gas prices and transit, but has yet to receive a reply from Baku. Other recent developments in Turkey include: Turkey has rejected ca...
Volume: 53Issue: 13Published at Mon, 29 Mar 2010 -
Greece And Italy Promote ITGI Gas Pipeline As Best Start To Southern Corridor
...r Bulgaria by 2013 and Italy by 2014-15. The IGB is a small project and easily fits the purposes of Greece, Italy and Bulgaria.” Mr Paleoyannis said a DEPA delegation recently visited Azerbaijan to discuss the possibility of receiving gas from that country’s state-owned oil and gas company Socar....
Volume: 53Issue: 12Published at Mon, 22 Mar 2010 -
Scaroni Proposes Partial Combination Of South Stream And Nabucco Pipelines
...ring 2009, 34.5mn tons of crude was lifted from the terminal. CPC shareholders agreed earlier this year to more than double the pipeline’s transport capacity to 67mn tons/year (1.34mn b/d). The expansion project is to be complete by 2014. Poland’s Petrolinvest on 9 March announced that the European Ba...
Volume: 53Issue: 11Published at Mon, 15 Mar 2010 -
Export Options Considered For Barzan In Addition To Domestic Supply
...presenting the last of the Qatari projects conceived before the North Field moratorium was implemented, was originally planned for 2012 start-up, but that date has now slipped to 2014 (MEES, 14 December 2009). While some figures for capital costs have been floated, putting it in the $6-7bn range, the in...
Volume: 53Issue: 11Published at Mon, 15 Mar 2010 -
Turkey Ratifies Nabucco Intergovernmental Agreement
...nal investment decision on the €7.9bn project, designed to carry 31 bcm/year of gas into East and Central Europe. Construction is to begin in 2011 and first gas from the Caspian region should pass through the pipeline in 2014-15. Turkey’s prolonged negotiations with Azerbaijan over the price of gas th...
Volume: 53Issue: 11Published at Mon, 15 Mar 2010 -
SEC Appoints GDF Suez As Preferred Bidder For Riyadh-Based PP11 IPP
...is would become operational in 2014 and produce 2.0gw. SEC said in its 2009 annual report that it plans to hike generation capacity by around 12.0gw by 2014 to meet rising industrial and household demand. Current SEC capacity is around 40.0gw, while total Saudi capacity is almost 45.0gw. Ras Al-Zo...
Volume: 53Issue: 10Published at Mon, 08 Mar 2010 -
Ma'aden Readying To Approach Lenders For Aluminum Project
...d first production from the mine and refinery is expected in 2014. Ma'aden will own 60% of the joint venture, with Alcoa and its partners holding 40%. The aluminum complex follows the Ma'aden phosphate project, which was funded in 2008. First Hard Rock Mining Project The first Saudi hard rock mi...
Volume: 53Issue: 10Published at Mon, 08 Mar 2010 -
Shuweihat S3 To Send Out RFP To Developers
...quirements simply need to be coordinated with ADNOC’s projects, MEES understands. The state oil and gas producer has several projects on the go for gas re-injection in oil fields. S3 is expected to come on line with its early power in summer 2013 and the rest will be available in before 2014 summer peak lo...
Volume: 53Issue: 10Published at Mon, 08 Mar 2010 -
Gulf Refinery Construction Costs Slide
...nuary) although given the big shift in the EPC market and possible changes in the project’s scope, it would be premature to pin down a figure, said Mr 'Ajmi. The CFP plans envisage commissioning in 2014, and will allow Kuwait to meet strict European sulfur standards for diesel and gasoline through to 20...
Volume: 52Issue: 13Published at Mon, 30 Mar 2009 -
Oman Sidesteps Gas Crunch As Liquids Output Rises
...cure until 2013. But economic slowdown and greater efficiency in gas usage, with savings estimated at 7-10%, has given the country some breathing space. “I would say that we have at least until 2014-15 before we have a problem,” says a ministry source. The expiry at the end of this year of BP’s co...
Volume: 52Issue: 13Published at Mon, 30 Mar 2009 -
Saipem Extends Drilling Contract At WDDM To 2014, Targets Water Depths Of 1,100Ms
...Middle East Economic Survey VOL. LII No 13 30-Mar-2009 EGYPT Saipem Extends Drilling Contract At WDDM To 2014, Targets Water Depths Of 1,100Ms Saipem has extended its contract to drill in Egypt’s Mediterranean deep offshore, on behalf of the Burullus Gas Company, as far out as...
Volume: 52Issue: 13Published at Mon, 30 Mar 2009 -
Ruwais Refinery FEED Set For Completion In June
...stall a base oil production facility, which is also at the FEED stage, he said. The new Ruwais refinery will be commissioned in early 2014, and is not a replication of the original, but a side-by-side design, MEES understands. While Takreer has not given a cost estimate, experts put the new refinery’s pr...
Volume: 52Issue: 13Published at Mon, 30 Mar 2009 -
US Confirms Azeri-Turkish Impasse On Gas Transit Talks
...ternational Operating Company (AIOC) partners. Otherwise, he said, “Nabucco could become operational by 2014.” Other recent developments in the Caspian and Black Sea regions include: Gazprom’s Deputy Executive Director Alexander Medvedev told Vesti TV on 16 March that the Russian firm had turned do...
Volume: 52Issue: 12Published at Mon, 23 Mar 2009 -
Shah Deniz Phase 2 Development Could Be Delayed By Transit Talks
...erbaijan “subject to commercialization being in place,” according to a 12 March Platts report. The report cited a BP source as saying that “this is not a delay due to the economic crisis, this is due to the impasse on transit terms. It’s pretty well impossible to come online in 2014.” BP and Shah Deniz co...
Volume: 52Issue: 12Published at Mon, 23 Mar 2009 -
Banks Await Award Of Tacaamol Financial Advisory Mandate
...uster. The port, which is one of the central pillars of Abu Dhabi’s envisioned development through to 2030 (MEES, 12 January), is set to be operational by the end of 2010. The first Chemaweyaat complex, Tacaamol, is estimated to cost around $10bn and set to begin production in 2014, with exports of mo...
Volume: 52Issue: 12Published at Mon, 23 Mar 2009 -
Saudi Aramco Looks To Gulf Offshore For Gas Boost
...oved disappointing, and with associated gas output likely to be capped by OPEC production restraints for some time, the company has sought a remedy. Details on the projects are sketchy, but they are included in Saudi Aramco’s latest five-year plan to 2014 and will provide around 1.8bn cfd, MEES un...
Volume: 52Issue: 10Published at Mon, 09 Mar 2009 -
Algeria Pursues Gas Export Plans Ahead Of Production Hike
..., as part of its expansion and diversification strategy. As well as agreeing to supply 2bn cu ms/y to StatoilHydro for 15 years, Sonatrach has also booked 1bn cu ms/y of capacity at the terminal for itself, from 2009 to 2014. The company’s positions on the east side of the Atlantic centre on its pa...
Volume: 51Issue: 10Published at Mon, 10 Mar 2008