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Eni Discusses Upstream Expansion In Azerbaijan
...ilure to clear the Burun acquisition with Asghabat before completing the deal. Eni also expects its gas availability to increase through its equity in Petronas offshore fields, where total gas production is intended to reach 8-10 bcm/y by 2014-15. However, there are doubts over the economics of the CNG ex...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
Vitol To Build New Oil Terminal In Cyprus
...elling its electricity generation by 2014, and has already compiled a shortlist of potential LNG providers. Meanwhile, the island’s electricity authority is currently seeking partners for the development, financing and operation of an LNG storage and regasification terminal – also at Vasilikos – expected to...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
ERC’s $2.35Bn Musturud Refinery Project Financing Nears Completion
...ntractors are Japan’s Mitsui and Korea’s GS Engineering, and the expansion and upgrading is being implemented as a lump sum turnkey (LSTK) contract. Completion is planned for 2014. Construction is scheduled to begin shortly after financial close, although some long lead time items have already been ordered....
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
BP Sells Off Egyptian Assets To Apache To Help Fund Oil Spill Clean Up
...rst gas anticipated for late 2014. Other BP projects in Egypt include the Pharaonic Petroleum Company (PhPC) joint venture with the Egyptian Natural Gas Holding Company (EGAS), which operates gas assets in the Nile Delta, and the Gulf of Suez Petroleum Company, a joint venture with EGPC. Its also su...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
IMF Expects Kuwait’s Economy To Rebound In 2010
...scal year ending March 31, eg 2007 refers to fiscal year 2007-08. 3. In 2006-07 KD2bn was transferred to partly cover the actuarial deficit of the Public Pension Fund. In 2008-09, KD5.5bn was transferred. KD1.1bn is budgeted for each year from 2010-11 to 2014-15. 4. Excludes investment income and pe...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
Oman To Request Proposals For New IPP At Sur
...wer ahead of summer peak demand in 2013, with full commissioning of the facility slated to coincide with summer peak demand in 2014. The site is ready for construction, with access to the sea and with gas available via an existing pipeline that feeds a nearby LNG plant, the company said. OPWP had or...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
Construction Begins On Ras Al-Zour Aluminum Smelter
...uor and WorleyParsons were sent a letter of intent for engineering, procurement and construction management (EPCM) services for the bauxite mine and alumina refinery, which will have initial capacities of 4mn t/y and 1.8mn t/y, respectively, and will come online by December 2014. Fluor was meanwhile se...
Volume: 53Issue: 29Published at Mon, 19 Jul 2010 -
GCC Economies Return To More Robust Growth, Says Samba
...rrently slated to run to 2014 will at some stage be lifted. This is likely to prompt another round of gas based industrial development and provide additional stimulus to Qatar’s promising longer term growth prospects,” concludes the report....
Volume: 53Issue: 28Published at Mon, 12 Jul 2010 -
Kazakhstan Introduces New Subsoil Law, Enhancing State Leverage
...ginning will be delayed. We therefore, expect no substantial volumes of oil in the period from 2014 to 2016 to justify construction of the KCTS.” However, KCTS is due to be completed in 2016-17 to handle expanded output from Kashagan (MEES, 7 June)....
Volume: 53Issue: 27Published at Mon, 05 Jul 2010 -
Musturud Refinery Project Attracts Additional Lenders
...mpletion is planned for 2014....
Volume: 53Issue: 27Published at Mon, 05 Jul 2010 -
Gazprom And Eni Finalize Deal For EDF To Join South Stream, Consider Routing Options
...the main trunk pipeline. The pipeline has reportedly passed hydraulic tests, and will replace a 116km pipeline built in the 1990s. This is the first component of CPC’s plan to more than double the pipeline’s net export capacity to 67 mn tons/year by 2014 at an expected cost of $4.5bn. Tr...
Volume: 53Issue: 26Published at Mon, 28 Jun 2010 -
Lebanon Approves Electricity Sector Reform Plan
...neration capacity by 2014 and 5.0gw after 2015, which is required to keep pace with the economic development of Lebanon. The plan envisages an investment of $4.87bn to raise capacity to 4.0gw. The Government of Lebanon expects to invest up to $1.5bn, with $2.3bn coming from the private sector and the $1bn fr...
Volume: 53Issue: 26Published at Mon, 28 Jun 2010 -
KMG And CNPC To Build Intra-Kazakh Link To Central Asia Gas Pipeline
...be transferring some 5 bcm/year of gas to China by the end of the year. KMG President Kairgeldy Kabyldin said the Beyneu-Shymkent pipeline would have a capacity to deliver 15 bcm/y of gas. A first stage, to be completed by the start of 2014, would have capacity to deliver 10 bcm/y and would allow Ka...
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
Final Agreement Signed For Iran-Pakistan Gas Pipeline
...a 1,900km gas pipeline to export up to 21mn cmd of South Pars gas to Pakistan beginning in 2014. Iranian Deputy Minister of Petroleum Javad Ouji told reporters at the contract signing ceremony that Iran will now build the remaining 300km of the Iranian section of the project, which will connect Ir...
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
GDF Suez Signs Finance, Power Agreement For Riyadh IPP
...P is one of three IPPs in the kingdom designed to add 5.2gw to the domestic grid by 2015. The first project was the Rabigh IPP (MEES, 17 August 2009). The 1.8gw heavy fuel oil-fired Qurayyah project is the next on the slate for development, with planned startup in April 2014. Advisers on the east co...
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
Socar-Turcas Venture Gets Permit For $4Bn Refinery/Petchem Plant In Izmir Aliaga
...rope. It will also generate electric power. The plant is scheduled to come into operation in 2014....
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
Aegean And Groundstar Revise West Kom Ombo Farm-In Terms (15)
...oundstar Resources to acquire a 70% stake and operatorship of the West Kom Ombo (WKO) block in Egypt’s south central desert, it was announced on 7 June. Aegean has committed to drill a minimum of four exploration wells at a cost of up to $30mn by September 2014, but notes that seismic data has not been ac...
Volume: 53Issue: 24Published at Mon, 14 Jun 2010 -
KFIC Agrees $495Mn Debt Restructuring Deal
...nders and shareholders to restructure KD145mn ($495mn) in debt, it announced on 7 June. The five-year restructuring proposal was approved by all 22 local and international lenders, and will see the debt paid in four tranches, the last of which will be settled on 31 December 2014. The company’s debt re...
Volume: 53Issue: 24Published at Mon, 14 Jun 2010 -
NBK Says Kuwait Consumer Spending On The Rise
...2014, a target NBK cites as achievable if all planned projects and policies are implemented on schedule. “Still, at this rate, new jobs may not be enough to absorb all entrants into the labor market,” it said, adding that while the consumer sector is recovering nicely, employment growth would be ab...
Volume: 53Issue: 24Published at Mon, 14 Jun 2010 -
NITC Orders Six LNG Carriers From China
...livery between 2014 and 2015. Announcing the deal, NITC’s managing director Mohammad Souri said that his company usually bought South Korean vessels, but has judged this time that the Chinese offer was better. Iran shares the vast South Pars gas field with Qatar, but unlike its neighbor it has not st...
Volume: 53Issue: 23Published at Mon, 07 Jun 2010