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Fractious Politics, Oil Revenue Conflict Embroil Iraq
...i’a leader Muqtada al-Sadr. This conflict is expected to escalate ahead of the local elections scheduled in late April 2013, and parliamentary elections which are widely expected to be held in late 2013/early 2014. Oil Revenue Sharing Problems Among the many divisive issues in Iraq, is th...
Volume: 55Issue: 46Published at Fri, 09 Nov 2012 -
Iraqi Oil Sector Set For Major Change
...d his political ally, Deputy Prime Minister, Husain al-Shahristani. The latter is widely talked of as a challenger to Mr Maliki in the 2014 elections. Despite the recent agreement over a restart to KRG oil exports and a face-to-face meeting with his rival KRG Natural Resources Minister, Ashti Ha...
Volume: 55Issue: 45Published at Fri, 02 Nov 2012 -
Libya’s AGOCO Looks To New Ghadames Production Heartland
...-4 to the east the 15mn barrels Tlascin field. In addition to Agoco, Italy’s Eni is planning to take advantage of synergies from the Medco development with plans to produce 10,000 b/d of crude from Ghadames Basin Block NC-118 from late 2014 (MEES, 20 August). Production would flow via a 60...
Volume: 55Issue: 45Published at Fri, 02 Nov 2012 -
MENA Solar Power Progressing In Small Steps
...scheduled for completion by 2014. Masdar has also developed three CSP plants in Spain, one of 20mw capacity and two of 50mw. Morocco is an early pace-setter in MENA solar, having committed to build the first of a number of plants intended to provide 2.0gw of power by 2020. The Mo...
Volume: 55Issue: 45Published at Fri, 02 Nov 2012 -
Banks Hold Road Show For TAQA $2Bn Loan
...mpany Energie Beheer Nederland (EBN) holding the remaining 40%. The partners are expecting to invest upwards of $1bn in the project which will start up in April 2014, and reach full capacity in April 2015. Jan Willem van Hoogstraten, managing director of TAQA’s Dutch branch said capacity co...
Volume: 55Issue: 45Published at Fri, 02 Nov 2012 -
GTL Costs Under The Microscope As Qatar Inaugurates $18.5Bn Pearl Plant
...id in its June financial report that Oryx will debottleneck to boost capacity 10% by 2014. The increase is a scale-down from previous plans to add a further three trains, taking total capacity to 100,000 b/d. ‘Huge Capex Costs’ Furthermore, MEES learns that the costs for building such a plant ha...
Volume: 54Issue: 48Published at Mon, 28 Nov 2011 -
Gulf Sukuk Issuers Brave Volatile Markets
...ll be much better, he warned. With the amount of debt maturing in the Gulf set to spike in 2012-14, Gulf bond issuers are facing rising refinancing risks, cautioned Standard & Poor’s Rating Services (MEES, 21 November). Bonds and sukuk worth $25bn will mature in 2012, rising to $35bn in 2014, ac...
Volume: 54Issue: 48Published at Mon, 28 Nov 2011 -
Kuwait And China Begin Construction Of $9.3Bn Refinery/Petchem Project
...March (MEES, 21 March). KPC has since said it is still on the lookout for an international oil company with which to partner on some of its 50% stake in the project. With plans to have it online and operational by 2014-15, the project will secure a stable outlet for Kuwaiti crude oil as KPC lo...
Volume: 54Issue: 48Published at Mon, 28 Nov 2011 -
TPAO And Shell Sign Farm-In Accord For Offshore Antalya Blocks
...ploratory drilling in 2014 or later. Turkey has had the blocks along its southern Mediterranean coastline open for tendering for several years. Most of Turkey’s offshore activity has been concentrated in the Black Sea in recent years, but discoveries offshore Israel and the start of drilling in Se...
Volume: 54Issue: 48Published at Mon, 28 Nov 2011 -
LNG Producers Face Market Challenges, Qatar Mulls Russian Partnership
...til the North Field study is completed in 2014. Data from the RasGas-managed Barzan project’s production wells will help finalize QP’s study into the North Field reservoir’s structure and depletion rate. RasGas manages the 1.4bn cfd sales gas Barzan development within the North Field for the do...
Volume: 54Issue: 47Published at Mon, 21 Nov 2011 -
S&P Warns Of Refinancing Risks As Gulf Debt Matures
...rvices. Bonds and sukuk worth $25bn will mature in 2012, rising to $35bn in 2014, according to industry estimates, and this could prove challenging, especially given that capital market volatility and economic growth concerns are already curbing bond issuance. S&P said that potential Gulf sovereign bo...
Volume: 54Issue: 47Published at Mon, 21 Nov 2011 -
TPAO Plans East Mediterranean Offshore Deal With Shell
...ving our strategic weight from the Black Sea to the Mediterranean Sea,” he said. Mr Yildiz said that Shell would take over TPAO’s current Antalya operation and finalize it in two years. “In accordance with the seismic data, we plan to begin three years of drilling by the start of 2014,” the Turkish da...
Volume: 54Issue: 47Published at Mon, 21 Nov 2011 -
OPEC Highlights Economic Uncertainty
...ilization rates and likely lead to a period of depressed margins and relatively poor economics for the refining sector,” the WOO predicts. OPEC’s World Oil Outlook In Figures (Mn B/D) 2010 2011 2012 2013 2014 2015 2020 20...
Volume: 54Issue: 46Published at Mon, 14 Nov 2011 -
EBRD Joins World Bank’s Gas Flaring Program For FSU
...rget before 2014 while Gazprom Neft has estimated that it would not be able to collect more than 60% of its associated gas production. ...
Volume: 54Issue: 46Published at Mon, 14 Nov 2011 -
MENA Turns To Solar Power For EOR As Well As National Grids
...the Neutral Zone, whose production is shared 50:50 by Kuwait and Saudi Arabia. Chevron says it could increase production by an additional 500,000 b/d. A final investment decision on the full field steam injection program is scheduled for late 2014, with first injection scheduled for late 2017. So...
Volume: 54Issue: 45Published at Mon, 07 Nov 2011 -
Tecnimont Wins Contract For Fertilizer Plant In Egypt
...d commissioning contract on a lump sum turnkey basis, to set up a new fertilizer complex in the industrial area of the Aswan Governorship. The overall project value is set at about $540mn and completion is expected by the end of July 2014, Tecnimont said in a company statement on 31 October. The fe...
Volume: 54Issue: 45Published at Mon, 07 Nov 2011 -
Qatar Inaugurates Construction Of Barzan Gas Field Development
...Middle East Economic Survey VOL. LIV No 45 7-Nov-2011 QATAR Qatar Inaugurates Construction Of Barzan Gas Field Development Qatar inaugurated the construction of the $10.3bn, 1.4mn cfd Barzan gas project on 1 November. Barzan gas production is scheduled to start up in 2014, wi...
Volume: 54Issue: 45Published at Mon, 07 Nov 2011 -
UAE OPEC Governor Says Production Capacity On Target
...d the onshore 2bn cfd Habshan 5 gas processing plant expansion project. Both are targeted for operational start-up in early 2014. The Abu Dhabi Gas Industries (GASCO) Habshan 5 plant will also take associated feedstock from onshore oil fields, which are expanding production capacity to 1....
Volume: 54Issue: 45Published at Mon, 07 Nov 2011 -
TAQA Looking To Iraq As Part Of Pursuit Of Synergies, New CEO Says
...oject in the Netherlands (MEES, 29 August) will all start to turn into cash in 2014-15. So I’m not expecting to see a dramatic acceleration in the company’s earnings until we get past that point,” he continued. Mr Sheldon also revealed that a group of company officials were due to travel to Ghana in...
Volume: 54Issue: 45Published at Mon, 07 Nov 2011 -
Turkmenistan Tilts Towards West, Considers Rapprochement With Azerbaijan
...PC and Turkmengaz, once the 1,000km, 30 bcm/year capacity East-West pipeline is com-pleted in 2014. On top of that, the former head of Turkmengaz noted, “as early as 2011, Turkmenistan needs a market for gas produced by the Malaysian Petronas company on an offshore block at a rate of 5 bcm/y.” Me...
Volume: 53Issue: 48Published at Mon, 29 Nov 2010