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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 -
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 -
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 -
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 -
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 -
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