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KRG Nears Separate Export Decision
...15 and a doubling of refining capacity to 200,000 b/d by 2014. Current liquids capacity stands close to 270,000 b/d. The 2015 targets are based largely on fields that have yet to be fully delineated or appraised, though there is little doubt significant growth potential exists. But for the foreign op...
Volume: 55Issue: 22Published at Mon, 28 May 2012 -
Qatar Joins renewables Race In Move To Conserve North Field Gas
...likely to end the moratorium on further development when the study is completed in 2014. It has also been reluctant to expand existing export projects – declining to sell more gas to Dolphin Energy, which sends 2bn cfd of Qatari gas to the UAE and Oman via its 3.2bn cfd capacity pipeline. Furthermore, Qa...
Volume: 55Issue: 22Published at Mon, 28 May 2012 -
Tunisia: Oil Production Slump Exacerbates Budget Shortfall
...om 2014. Ben Bir Tatar production should reach 5,000 b/d of sweet 40° API crude by late 2012 or early 2013, up from the current 2,500 b/d with an accelerated drilling program from the third quarter (following the addition of a second rig) and average one well a month for the remainder of 20...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
Ankara Assumes Critical Regional Energy Role
...oil and products by rail or land into Turkey, if “required by national interest”, in a move potentially laying the foundations for future legal KRG imports by truck. And in March, Turkey’s energy regulator invited Turkish firms to apply for licenses to import Iraqi gas from 2014, opening up the pr...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
Yemen’s 2012 Budget Raises Social Spending To Offset 2011’s Economic Decline
...13 and 5.5% in 2014. Inflation is set to fall from the high of 20% in 2011 to 5% or lower in 2012. Total domestic and foreign debt is expected to remain at around 45% of GDP in 2012. As a result of the inflow of foreign loans, aid and remittances for Yemenis abroad, the deficit on the balance of pa...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Lebanon To Import 2.5Mn T/Y Of LNG, Convert Transport To CNG
...compressed natural gas (CNG) once the infrastructure is operating. In 2010 the government completed a study to build a 173km gas pipeline to connect the country’s power stations to the proposed LNG import terminal. Parliamentary and presidential elections in 2013 and 2014 will probably hold the pr...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Energy Equities: Petchems Help Saudi Market Post Multi-Year High
...e plant, which is expected to produce 1.1mn t/y of urea and start up in the third quarter of 2014. Saudi Petrochemical/Refining Trading And Financial Data Company Share Price – 2 May Share Price Start of...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Qatar Sees World Cup As Catalyst For $200Bn Development Outlay
...phasis would be on future container growth, with the new port handling clean cargoes only, leaving all industrial products to Ras Laffan and Mesaieed. It will be served by a 31km approach channel, and built in three phases with stage one due to open by November 2014 with a capacity of 2mn twenty foot eq...
Volume: 54Issue: 21Published at Mon, 23 May 2011 -
Energy Decisions Loom For Cyprus As Island Seeks To Make Best Of All Options
...d of the day we don’t wind up with nothing.” Pipeline Gas To Cyprus, The Law, And DEFA’s Future Role According to the plan put forward by Noble Energy, raw gas would arrive on the island by pipeline from Leviathan and Block 12 for processing at Vasiliko sometime in 2014 or after. Considering de...
Volume: 54Issue: 21Published at Mon, 23 May 2011 -
Saudi Arabia Poised For New Gas/NGL Prices
...abiyah fields due on stream in 2014 will cost over $5.50/mn BTU (MEES, 9 March 2009). “The Saudis won’t be able to get any significant new fields for less than $5/mn BTU and they are desperate for gas,” says an industry source. By July, the Saudi Aramco/Shell South Rubi' al-Khali (SRAK) gas ex...
Volume: 54Issue: 20Published at Mon, 16 May 2011 -
Abu Dhabi Considers Breaking Up Oil Concessions To Hit 3.5Mn B/D Target
...wards it will offer its partners, Nick Wilson writes from Abu Dhabi. Abu Dhabi has studied breaking up its onshore oil consortium (ADCO), when its concession comes up for renewal in January 2014, MEES learns. The plan would award the individual fields to its existing partners: ADNOC (60%), Shell, To...
Volume: 54Issue: 20Published at Mon, 16 May 2011 -
Abu Dhabi Capacity Expansion Schedule Slips By A Year
...pacity of about 500,000 b/d, will not be known until the project, which will start up in 2014, is at full capacity in 2016. ADNOC has not published any expected boosts, but under optimum conditions of structures and depth, 20% increases have been achieved elsewhere. ADCO says CO2 could free up as mu...
Volume: 54Issue: 18Published at Mon, 02 May 2011 -
Independents Growing In Importance For Gulf Oil And Gas Developments
...ip Iraqi gas to Europe through Turkey via the proposed 3,300km Nabucco pipeline by 2014. Dana’s willingness to enter a high-risk environment, however, can backfire – Iran refuses to supply 600mn cfd of gas to the UAE via a pipeline it built with Dana, as it wants a price higher than that agreed in 20...
Volume: 53Issue: 22Published at Mon, 31 May 2010 -
Abu Dhabi Going Solo To Develop Shah Ultra-Sour Gas
...Ls, which would offset the cost of handling H2S. However, Shah’s 50,000 b/d of condensate and 51,000 b/d of other NGLs will make it profitable. Meanwhile, the 1bn cfd integrated gas development (IGD) project start-up has been delayed by three years to 2014, due to contractor hold-ups. It will bring ga...
Volume: 53Issue: 20Published at Mon, 17 May 2010 -
QP Abandons Planned Al-Shaheen Refinery Project
...rubeni share the remaining 9%. Qatar’s condensate downstream expansion is predicated on absorbing rising condensate production, which will hit 750,000 b/d in 2014, when the ExxonMobil-led 1.5bn cfd Barzan project – the final portion in Qatar’s current upstream gas expansion – comes on stream (MEES, 14 De...
Volume: 53Issue: 20Published at Mon, 17 May 2010 -
Surging Demand Threatens Middle East Exports
...ursaniyah (1bn cfd, 2010), Karan (1.8bn cfd, in stages during 2011-13) and the Wasit Gas Plant (2.5bn cfd, 2014), Mr Falih said. Sales gas capacity will increase from 7bn cfd to 9.3bn cfd by 2015. Ethane production capacity will rise from 800mn cfd to 1.2bn cfd, while NGL production capacity will grow from 93...
Volume: 53Issue: 18Published at Mon, 03 May 2010 -
Nabucco Partners Turn To Kurdistan Region For Gas Supply; Baghdad Says No
...peline by 2014 ‒ a boost to the beleaguered Nabucco project that has been backed by the EU to obtain another source of much-needed gas. Pearl Petroleum is jointly owned by Sharjah-based partners Dana Gas and Crescent Petroleum. In April 2007 these signed long-term agreements with the KRG covering th...
Volume: 52Issue: 21Published at Mon, 25 May 2009 -
ADNOC Probes Options For Oil Concession Renewal
...tal (9.5% each); and Partex (2%). The concession expires in January 2014. ADMA for the offshore sector comprises: ADNOC (60%); BP (14.67%); Total (13.33%); and Japan Oil Development Company (Jodco – 12%). This concession ends in 2018. The presence and participation of the majors have provided te...
Volume: 52Issue: 18Published at Mon, 04 May 2009 -
Aramco, KPC Take $30Bn Downstream Investment Plunge
...vestment in new refineries down to 2014. Kuwait’s downstream arm KNPC on 11 May announced the award of construction contracts for al-Zour, which will become Kuwait’s fourth and the region’s largest refinery when completed in 2012-13. The contracts were awarded on a cost reimbursable basis, but KNPC ve...
Volume: 51Issue: 20Published at Mon, 19 May 2008