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Abu Dhabi’s Oil Field CCS Projects Face More Delays
...servoir’s formation. ADCO – ADNOC (60%), Shell, Total, BP and ExxonMobil (9.5% each) and Portugal’s Partex (2%) – has a concession to manage most of Abu Dhabi’s onshore oil fields, which expires in January 2014. Abu Dhabi is asking majors to pitch for concessions without knowing the results of pilot sc...
Volume: 54Issue: 39Published at Mon, 26 Sep 2011 -
Korea To Finalize Abu Dhabi Fields Deal, China Eyes Japan’s Concessions
...likely that ADNOC’s onshore oil fields concession will be broken up when it ends in January 2014, because it is too close to the renewal date. The Abu Dhabi Company for Onshore Oil Operations (ADCO) consortium – ADNOC (60%), Shell, Total, BP and ExxonMobil (9.5% each) and Portugal’s Partex (2%) – wh...
Volume: 54Issue: 39Published at Mon, 26 Sep 2011 -
Bankers Shrug Off Downturn To Finance Qatar’s $10Bn Barzan Gas/NGL Project
...w pricing Saudi’s Satorp secured last year. Barzan will boost the country’s already climbing NGL output – which will include 500,000 b/d of condensate and 10.7mn tons/year of LPG by the end of 2011. It will start up in 2014 and ramp up to 100,000 b/d of condensate. The $7.2bn debt financing fo...
Volume: 54Issue: 38Published at Mon, 19 Sep 2011 -
Gulf Condensate And Naphtha Exports To Increase
...ia-Pacific needs more petrochemical feedstock. Qatar’s marketing will be the largest single factor in medium term condensate sales, when it reaches full production and export capacity by 2014. “Qatar produces less segregated condensate than Saudi Arabia, but has overtaken Russia and Algeria as th...
Volume: 54Issue: 38Published at Mon, 19 Sep 2011 -
Kuwait Increases LNG Imports And Fuel Oil Exports
...the sales gas pool. Kuwait is turning increasingly to enhanced oil recovery, which is energy intensive. Chevron expects to take its final investment decision in 2014 on going ahead with its high energy use heavy oil steam injection project in the NZ. A green light may trigger more LNG im...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
Cyprus Energy Department Urges Gas Search, Turkey Threatens Intervention
...ock 12, with gas being transported to the island by pipeline; transporting gas to Cyprus from Israel’s offshore Leviathan field by pipeline; and transporting gas to the island from both sources (MEES, 22 August, 4 July). “The Americans want to bring us natural gas by 2014 and are asking for co...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
Region Needs $70Bn Investment Over 10 Years To Avoid Power Crisis
...ar (MEES, 9 August). Abu Dhabi is investing $20bn in four nuclear reactors with a capacity of 1.4gw each to come on line by 2017-20. There is no new planned major source of non-associated gas coming available before 2014, leaving the country’s gas output dependent on crude oil, whose production is cu...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010 -
Multi-Billion Dollar Financing Proposal Boosts Nabucco Project
...bcm/y of Shah Deniz Stage 2 natural gas, which is expected to become available as early as 2014-15. Furthermore, Nabucco intends to transport gas from Iraqi Kurdistan, where Nabucco consortium leader OMV and partner MOL of Hungary hold shares in the Khor Mor and Chemchemal gas fields as partners in...
Volume: 53Issue: 37Published at Mon, 13 Sep 2010 -
Egypt’s 2010-11 Budget To Pursue Growth Path
...ven the containment of the world financial crisis, his ministry envisages a reduction in the debt/GDP ratio to 55-60% by 2014-15 from 65.8% at end-December 2009 and the fall in the budget deficit/GDP ratio to 3.5% by 2014-15. This would require the adoption of fiscal measures and laws by parliament to br...
Volume: 53Issue: 36Published at Mon, 06 Sep 2010 -
Banks Upbeat On Project Finance As Mega-Deals Target Year-End Close
...e refinery is state-of the-art and when it comes on line at the end of 2013, or early 2014, it will be the Middle East’s most advanced. While not quite at the level of the Reliance Jamnagar refinery in India, which was commissioned at the end of 2008, Jubail is “top drawer stuff,” commented Pr...
Volume: 52Issue: 38Published at Mon, 21 Sep 2009 -
Basri Proposes New Approach To Budget Planning In Iraq
...provement of government services (health and housing) and for raising productivity in promising projects by adopting the PPP model Dr Basri projects a gradual increase in oil production/exports and revenues during the five-year period, with a rise in oil revenue to $94.5bn in 2014 from $36.0bn in 2009. No...
Volume: 52Issue: 37Published at Mon, 14 Sep 2009 -
Rise In Nuclear Power Demand Behind Kazakhstan’s Plans To Become Global Uranium Supplier
...uranium ore by 2014, and the Japanese group will have access to 2,000 t/y. Toshiba, which entered the deal seeking a secure source of uranium ore for future nuclear power plants built by Westinghouse, will have the right to 600 t/y. In 2004, Kazatomprom signed a deal with South Korea to su...
Volume: 50Issue: 39Published at Mon, 24 Sep 2007 -
Iraq’s Power Master Plan Seeks To End Electricity Blackouts By 2011
...08-2015 (MW) 2008 2009 2010 2011 2012 2013 2014 2015 New Generation 1,028 2,260 4,530 4,255 670 1,130 1.200 900 Rehabilitation 35...
Volume: 50Issue: 37Published at Mon, 10 Sep 2007