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IMF Estimates UAE Real GDP Growth In 2011 At 4.9%
...debtedness, refinancing needs and reliance on foreign funding remain high, with about $30bn of GRE debt maturing this year and significant amount of debt falling due in 2014-15, the IMF added. The IMF executive directors welcomed the continued economic recovery and favorable near term outlook, but at...
Volume: 55Issue: 22Published at Mon, 28 May 2012 -
Saudi Arabia Heads Donors Pledging $4Bn In Aid To Yemen
...itial $2.17bn to help stabilize the country, fight militant attacks and ease a humanitarian crisis. It also requires a further $5.8bn in the future to develop the economy and national infrastructure, with about $3.7bn needed by 2014. Another donors’ meeting specifically aimed at the aid pledges is to be he...
Volume: 55Issue: 22Published at Mon, 28 May 2012 -
POGC Announces Plan To Revive North Pars/LNG Development
...velopment by domestic contractors will be made in the next Iranian year and project execution will start in early 2014.” ...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
Qatar Revives Plans For 120,000 B/D Tunisian Refinery
...tari counterparts, said that the project was slated to “get underway at the end of 2012,” to enter service in 2014 or 2015, and that the initial 120,000 b/d capacity would later be expanded to 250,000 b/d. ...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
International Oil Firms Flock To Abu Dhabi
...UAE International Oil Firms Flock To Abu Dhabi Abu Dhabi is emerging as the premier investment upstream investment opportunity in the Gulf region. Media scrutiny has been on potential new partners for the 1.4mn b/d ADCO fields, whose concession expires in January 2014. But recent up...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
Mubadala And IPIC Seek Financial Advisor For Fujairah LNG Regasification Terminal
...ready been meetings with banks and an advisor is expected to be appointed sometime soon. “If they want to get the terminal ready in 2014, they will need to appoint an advisor and have financial close very quickly,” said one expert. Ideally they should approach banks for project financing sometime this ye...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
Socar Turkey Buys Additional 10% In Petkim
...d petrochemical plant in Izmir Aliaga on the country’s west coast. The facility is expected to use Azeri crude supplied through the Ceyhan terminal and come into operation in 2014. It will be located next to Petkim’s existing petrochemical facility and supply feedstock to Petkim and refined oil pr...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Dubai Power Plans In Flux, Abu Dhabi Approves Another IWPP
...ter and Electricity Company’s (ADWEC’s) most recent forecasts published in March this year put Abu Dhabi’s peak demand at 10.084gw this year, versus 9.749gw last year. This is expected to climb to 12.265gw in 2013, 12.803gw in 2014, and 13.66gw by 2015. ADNOC accounted for just 6% of ADWEC’s 2011 el...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Abu Dhabi Launches Bab Sour Gas Project
...the summer of 2014 while it develops its gas fields, including Shah, which will ramp up to 500mn cfd of sales gas by the end of 2015. Shah and Bab were originally planned to start up in 2012....
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
MOL To Sell Nabucco Shares, BEH Uncertain Over Project’s Future
...lgaria (ITB) redundant. Regarding Nabucco, Bulgaria’s Minister of Energy Delyan Dobrev told BNR radio on 28 April that the signing of a memorandum of understanding (MOU) with Azerbaijan increased Bulgaria’s chances of receiving gas by 2014, noting that Bulgaria succeeded in “committing them [Az...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
TPAO Begins Drilling Well In Northern Cyprus
...th the assistance of the under-secretariat. Mr Yildiz said the ship will be equipped with the latest technology and will be used for 2D and 3D seismic exploration. It is scheduled to be delivered to the MTA in 2014. Turkey has only one seismic research vessel, the ageing Piri Reis, which was sent in...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
TransGlobe Looks To Egyptian Future With Western Desert Expansion
...anted July 2011, first oil expected mid-2012 (c.1,000 b/d). Exploration permit for remainder of block expires June 2014. South Alamein** W Desert 100% (op) 0 0 **0-...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
IOEC Expanding Forouzan As Iran Focuses On Shared Fields Development
...ran onshore field, which extends into Iraq. NIOC estimates that Yaran has 1.1bn barrels of oil in place and could produce 20,000-25,000 b/d over a 24-year period. A first phase of development to give production capacity of 12,000 b/d by the end of March 2014 is expected to cost $600-700mn. Pe...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Pedec Awards Tadbir Energy Contract For Phase 2 Of Mansouri Development
...pected to begin in 2014. Phase 1 capacity is 100,000 b/d and production began in 2007. ...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Qatar’s 2011 Growth Driven By LNG Production, Says NBK
...e chart). Growth will be led by the gas sector, where output is expected to increase by 30% in 2011. “This will be followed by a 4% increase in output in 2012, after which the moratorium on new gas projects takes effect and is due to last until at least 2014,” added the report. Oil production wi...
Volume: 54Issue: 22Published at Mon, 30 May 2011 -
Abu Dhabi Moves Ahead With Shah Sour Gas Project
...pacity project to come on stream by 2015. Athens-based Consolidated Contractors Company (CCC) will start work in June on building $550m sulfur granulation and handling facilities, completing work by the fourth quarter of 2014. CCC signed a letter of intent on 25 May with state-owned Abu Dhabi Gas In...
Volume: 54Issue: 22Published at Mon, 30 May 2011 -
TAQA Announces Final Approval For Bergermeer Gas Storage Project
...e Bergermeer Gas Storage facility in the Netherlands – jointly developed with Russia’s Gazprom – have been signed by the Dutch authorities. Bergermeer gas storage is scheduled to start in 2013 with commercial operations beginning in 2014. Bergermeer will provide the Northwest European gas market wi...
Volume: 54Issue: 21Published at Mon, 23 May 2011 -
OPWP Projects Oman Power Demand Will Near 3.5GW By 2017
...ojects] in 2012, 2013 and 2014,” said the study. Two of these new IPPs – Sohar-2 and Barka-3 – are currently under construction and are scheduled to be commissioned on a phased basis in 2012 and 2013. Last October, the financing was oversubscribed, with eight international banks and two export credit ag...
Volume: 54Issue: 20Published at Mon, 16 May 2011 -
Cyprus Considers Interim Solution For Natural Gas Supply, Noble Energy Keen To Drill
...raeli and Cypriot gas – if gas in the Cyprus offshore should be discovered (MEES, 17 January). Representatives of Noble Energy met with Cypriot energy officials in early April and laid a plan on the table that could see deliveries of gas from Block 12 to the island by 2014. The first aim would be to co...
Volume: 54Issue: 19Published at Mon, 09 May 2011 -
Abu Dhabi Studies Gulf’s Largest Wind Farm
...at would be biggest in the Gulf. If fast-tracked, Masdar would award a construction contract in January and the farm would begin sending power to the grid in 2014, MEES understands. The emirate’s goal is to achieve 7% of its power from renewables by 2020, but to date has invested little in wind en...
Volume: 54Issue: 18Published at Mon, 02 May 2011