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China To Close Small Refineries
...Middle East Economic Survey VOL. LII No 19 11-May-2009 SUPPLY/DEMAND China To Close Small Refineries China’s National Development and Reform Commission (NDRC) has announced that the government will close all refineries with capacities below 1mn tons/year (20,000 b/d) by 2011 an...
Volume: 52Issue: 19Published at Mon, 11 May 2009 -
China Approves Storage Plan For 10Mn Tons Of Refined Products
...Middle East Economic Survey VOL. LII No 19 11-May-2009 SUPPLY/DEMAND China Approves Storage Plan For 10Mn Tons Of Refined Products China has approved a plan to build by 2011 storage facilities to hold 10mn tons of refined products, Reuters reported on 6 May. The products in...
Volume: 52Issue: 19Published at Mon, 11 May 2009 -
Bulgaria And Qatar Holds Further LNG Talks, As Poland Signs Deal With Qatargas
...rkets of Bulgaria, Romania and possibly Hungary to LNG imports from the Middle East and North Africa. Bulgaria recently signed a memorandum of understanding (MOU) with Egypt for the supply of 1 bcm/y of gas, to be delivered as LNG beginning in 2011-12 (MEES, 4 May). The EERP has earmarked more th...
Volume: 52Issue: 19Published at Mon, 11 May 2009 -
CBI Reports Some Favorable Economic Indicators Until End 2008, But Future Uncertain
...09-10) 7.103 1389 (2010-11) 2.623 1390 (2011-12) 2.189 1391 (2012-13) onwards 7.261 The value of Iran’s oil and gas exports by 20 December 2008 stood at $71.654bn, compared to $58.147bn a year earlier, according to the CBI. By 20 December the value of...
Volume: 52Issue: 19Published at Mon, 11 May 2009 -
Qatar Breaks Ground On $4Bn IWPP
...its full rates by 2011. It will be the largest power operation in Qatar, and one of the largest in the Gulf, when it comes on line. Speaking at the groundbreaking ceremony, Deputy Premier and Minister of Energy and Industry 'Abd Allah al-'Attiyah said that the project is part of the power an...
Volume: 52Issue: 19Published at Mon, 11 May 2009 -
Saudi Arabia Set For 1.55Mn B/D Capacity Surge
...have come on stream in September 2011, but MEES understands the development timetable has been extended 18 months, putting full Manifa commissioning well into 2013. Manifa output, which was earmarked to feed new high conversion refineries in the Kingdom, was to have offset declines. Saudi Ar...
Volume: 52Issue: 18Published at Mon, 04 May 2009 -
Bulgaria Signs MOU For Egyptian LNG Imports
...e import of up to 1 bcm/year of Egyptian LNG beginning in 2011-12. Mr Dimitrov told reporters: “This deal is extremely important for Bulgaria after the January crisis, as it opens possibilities for Bulgaria to import gas from Egypt. There are possibilities to import LNG through an existing te...
Volume: 52Issue: 18Published at Mon, 04 May 2009 -
Libya To Buy Verenex Within Weeks, Says Ghanem
...ocedure in Canada, do we have to establish a company, do we have to take it directly,” the Libyan official said. “But it will be ours.” Verenex has drawn up a development plan that envisages initial oil production of around 50,000 b/d when the first discoveries are brought on-stream in 2011. Co...
Volume: 52Issue: 18Published at Mon, 04 May 2009 -
MENA Petrochemicals Producers See Ambitious Expansion Plans Held Back By Rising Costs
...ES, 5 March 2007). EMethanex, Damietta EMethanex 60%; Egyptian government 33%; Apicorp 7% 1mn t/y methanol capacity due 2010, additional 260,000 t/y due 2011. Financing closed (MEES, 11 June 2007). Sidi Kerir PE, Bu...
Volume: 51Issue: 21Published at Mon, 26 May 2008 -
OCP Signs Fertilizer Plant MOUs With Libya, Vietnam
...ant is to be built in Morocco and begin production in 2011. An ammonia plant of unknown capacity will be built in Vietnam. The announcements follow an invitation by OCP in February to international investors to participate in the development of Morocco’s phosphate and chemicals industry. OCP ex...
Volume: 51Issue: 21Published at Mon, 26 May 2008 -
Ras Laffan C IWPP Attracts 20 Banks
...timated 9,000mw power needs by 2011....
Volume: 51Issue: 21Published at Mon, 26 May 2008 -
Hayan Petroleum Produces More Gas
...arter of 2011 (MEES, 24 March, 10 March)....
Volume: 51Issue: 21Published at Mon, 26 May 2008 -
Aramco, KPC Take $30Bn Downstream Investment Plunge
...0,000 t/y of benzene and 200,000 t/y of polymer grade propylene, the partners said. Jubail start-up was initially planned for 2011. But costs soared from initial estimates of around $6.3bn, prompting a rework to the front-end design and subsequent delays. By late last year, costs indications had pushed the pr...
Volume: 51Issue: 20Published at Mon, 19 May 2008 -
South Korea Signs Energy Deals With Kazakhstan, Uzbekistan
...140 tons of uranium from Kazakhstan in 2011-17, and 2,600 tons from Uzbekistan in 2010-16. Kazakhstan holds 19% of the world’s uranium reserves and plans to produce 15,000 tons/year by 2010 (MEES, 24 September 2007). South Korean oil and gas companies reached agreements in Uzbekistan to explore th...
Volume: 51Issue: 20Published at Mon, 19 May 2008 -
SRAK Gets Extension, Closes In On Kidan Target
...aybah 250,000 2008 Nuayyim* 100,000 2009 Khurais 1,200,000 Mn420 70,000 End-2009 Manifa 900,000 Mn90 50,000 2011-12 Ha...
Volume: 51Issue: 20Published at Mon, 19 May 2008 -
Algeria Assigns $5bn Financing Package For Terga And Koudiet Eddraouch Power Plants
...st an estimated $2.4bn and is due for completion in September 2011, is being built by a consortium comprising Egypt’s Orascom Construction Industries (OCI) and the French engineering group Alstom (MEES, 26 November 2007). Of the total cost, 30% will be funded by Sonelgaz and Sonatrach, with the re...
Volume: 51Issue: 19Published at Mon, 12 May 2008 -
Algeria To Almost Double Refining Capacity by 2013, Says Sonatrach V-P
...habilitation of our refineries by more than 20%. It means that by 2011 we will have a capacity of 24-25mn tons/year, only by the extension. And we are also moving forward with the world scale refinery in Tiaret.” Algerian domestic oil consumption has risen sharply this decade, from just below 200,000 b/d in...
Volume: 51Issue: 18Published at Mon, 05 May 2008 -
Chinese And Gulf Companies Expand In Sudan, Amid Faltering Political Progress
...dan, a census is taking place that should pave the way for general elections next year, and for the planned referendum in 2011, which would allow the people of southern Sudan to vote on independence. The potential for the CPA to unravel remains dangerously high. Dozens were killed in skirmishes near th...
Volume: 51Issue: 18Published at Mon, 05 May 2008 -
Algeria Aims To Hike LNG Exports To US Despite Project Delays
...vel by 2010 (MEES, 7 November 2005). With both LNG projects originally scheduled for completion in 2009, but now not expected to be complete until 2011 at the earliest, these latest export targets appear unlikely to be met unless LNG commitments to other buyers are displaced in favor of the US ma...
Volume: 50Issue: 22Published at Mon, 28 May 2007 -
Kuwait Doubles Budget For Al-Zour Refinery Project
...rry out a new tender for the project in July, based on a cost plus profit basis. Delays to tendering the venture have pushed back planned start-up from 2010 to 2011. “Kuwait Petroleum Corporation’s (KPC) board of directors has approved the additional funds required and the way forward to implement th...
Volume: 50Issue: 20Published at Mon, 14 May 2007