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Turkey Ratifies Nabucco Intergovernmental Agreement
...nal investment decision on the €7.9bn project, designed to carry 31 bcm/year of gas into East and Central Europe. Construction is to begin in 2011 and first gas from the Caspian region should pass through the pipeline in 2014-15. Turkey’s prolonged negotiations with Azerbaijan over the price of gas th...
Volume: 53Issue: 11Published at Mon, 15 Mar 2010 -
SEC Appoints GDF Suez As Preferred Bidder For Riyadh-Based PP11 IPP
...is would become operational in 2014 and produce 2.0gw. SEC said in its 2009 annual report that it plans to hike generation capacity by around 12.0gw by 2014 to meet rising industrial and household demand. Current SEC capacity is around 40.0gw, while total Saudi capacity is almost 45.0gw. Ras Al-Zo...
Volume: 53Issue: 10Published at Mon, 08 Mar 2010 -
Ma'aden Readying To Approach Lenders For Aluminum Project
...d first production from the mine and refinery is expected in 2014. Ma'aden will own 60% of the joint venture, with Alcoa and its partners holding 40%. The aluminum complex follows the Ma'aden phosphate project, which was funded in 2008. First Hard Rock Mining Project The first Saudi hard rock mi...
Volume: 53Issue: 10Published at Mon, 08 Mar 2010 -
Shuweihat S3 To Send Out RFP To Developers
...quirements simply need to be coordinated with ADNOC’s projects, MEES understands. The state oil and gas producer has several projects on the go for gas re-injection in oil fields. S3 is expected to come on line with its early power in summer 2013 and the rest will be available in before 2014 summer peak lo...
Volume: 53Issue: 10Published at Mon, 08 Mar 2010 -
Bulgaria’s Share In Burgas-Alexandroupolis Pipeline To Be Controlled By Finance Ministry
...34mn b/d), with completion scheduled for 2014 (MEES, 11 January). Azerbaijan intends to boost gas exports to Iran to 1.2-1.5mn cmd by the end of February, Reuters reported on 12 February. The two countries signed a new gas sales and purchase agreement in January (MEES, 18 January). During 20...
Volume: 53Issue: 08Published at Mon, 22 Feb 2010 -
PDO Reports Production Increases And Four Discoveries In 2009
...2,000 b/d, in line with the company’s 540,000-560,000 b/d target. Gas production, meanwhile, increased to 410,000 boe/d from 390,000 boe/d in 2008. On the back of ongoing and new enhanced oil recovery (EOR) projects, PDO’s oil production target is likely to remain stable up to 2014, the Undersecretary of th...
Volume: 53Issue: 08Published at Mon, 22 Feb 2010 -
Albu-Kamal Petroleum Company Outlines Block 27 Plans
...d drill four more wells in the second quarter. Later the company plans to drill eight production and development wells at the field and maximum production is expected to rise to 4,500-5,000 b/d by 2014. The development budget for 2010 is put at $15mn. Tatneft signed a production sharing contract (PS...
Volume: 53Issue: 07Published at Mon, 15 Feb 2010 -
Bulgaria Ratifies Nabucco Agreement, Hungary Gets Serious On South Stream
...reed to expand the pipeline’s capacity to 67mn tons/year (1.34mn b/d), with completion due in 2014 (MEES, 11 January). China expects natural gas deliveries from Turkmenistan through the newly-opened Trans Asia Gas Pipeline to reach 5.8 bcm during 2010. The 1,800km dual pipeline was inaugurated in De...
Volume: 53Issue: 06Published at Mon, 08 Feb 2010 -
EU Strengthens Southern Gas Corridor Plan With Iraq MOU
...gin initial deliveries of around 8 bcm/year in 2014. The 3,300km pipeline will have a capacity to deliver 31 bcm/y and is hoping to secure gas supplies from Azerbaijan and Iraq. Eventually supplies may come from Egypt and possibly Turkmenistan. Azerbaijan has stated it intends to supply Nabucco, pr...
Volume: 53Issue: 05Published at Mon, 01 Feb 2010 -
Gazprom To Buy 2 BCM Of Azerbaijani Gas In 2011
...purchasing as much Azerbaijani gas as possible is seen as a political move designed to pre-empt Azerbaijani gas sales to the EU-backed Nabucco gas pipeline, which is hoping to secure gas supplies from Azerbaijan’s offshore Shah Deniz contract when Stage 2 comes into operation in 2014-15. St...
Volume: 53Issue: 05Published at Mon, 01 Feb 2010 -
Erdogan Supports Qatari Gas Pipeline To Turkey
...nsideration. Other recent developments in Turkey include: Hurriyet Daily News has reported that Socar and Turcas Refining, which owns Petkim Petrokimya Holding (Petkim), is to build a 10mn tons/year refinery at the Petkim Aliaga Complex in Izmir and have it in operation by 2014. The new plant is to...
Volume: 53Issue: 05Published at Mon, 01 Feb 2010 -
Azerbaijan Plans Gas Production Boost, More Exports In 2010
...sfield, which is nearing Stage 1 completion and producing 22-23mn cmd (8-8.4 bcm/y). Stage 2 development is expected to be completed in around 2014 and result in output doubling to 16 bcm/y. Shah Deniz reserves are estimated at 1.2 tcm. The EU and US backed Nabucco Gas Pipeline project is keen to se...
Volume: 53Issue: 03Published at Mon, 18 Jan 2010 -
Naftogaz Default Threat Warning By Ukraine Energy Official
...oject be completed in 2014 (MEES, 11 January). Throughput is expected to remain at current rate until the expansion is complete. Turkmenistan resumed gas supplies to Russia on 9 January at a rate of 10 bcm/year following a meeting in late December between Turkmen President Gurbanguli Be...
Volume: 53Issue: 03Published at Mon, 18 Jan 2010 -
SEC Continues To Evaluate Bids For Riyadh PP11 IPP
...ficial launch to potential developers mid-year. This would become operational in 2014 and produce 2gw. This month SEC awarded an SR1.08bn ($288mn) contract to Arabian Bemco Contracting Company to expand a plant in Qassim, an agricultural region in the center of Saudi Arabia, said state news agency SP...
Volume: 53Issue: 03Published at Mon, 18 Jan 2010 -
CPC Shareholders Approve Pipeline Expansion To 67Mn Tons/Year
...cember approved the long-proposed capacity expansion of the CPC oil pipeline during a gathering in Moscow of the CPC-R Board of Directors and CPC-K Extraordinary General Shareholders. Implementation of the plan to boost the 1,510km pipeline’s capacity to 67mn tons/year (1.34mn b/d) by 2014 is to be...
Volume: 53Issue: 02Published at Mon, 11 Jan 2010 -
Ma'aden And Alcoa In Joint Venture For Aluminum Complex In Saudi Arabia
...th the rolling mill and smelter in the first phase. First production from the smelter and rolling mill is anticipated in 2013 and first production from the mine and refinery is expected in 2014. A Ma'aden statement estimated capital investment at approximately SR40.5bn ($10.8bn), subject to the co...
Volume: 53Issue: 01Published at Mon, 04 Jan 2010 -
RWE Sees Gas Supply Agreement With Turkmenistan In 1H10
...pacity booking will get under way during the first half of 2010. Half of the pipeline’s capacity will be reserved for third-party shippers. Partners are looking for Nabucco to become operational with initial shipments of gas from Iraq or Azerbaijan in 2014-15 (MEES, 30 November, 9 November, 12 Oc...
Volume: 52Issue: 50Published at Mon, 14 Dec 2009 -
Libya Delays Plans To Raise Production Capacity To 3Mn B/D Until 2017
...iro that gas production has recently doubled to over10 bcm/year from 5.4 bcm/y in 2005. Since 2007 NOC has signed a number of development agreements with partners to raise output from the development of existing oil fields, but many of these plans are not likely to be completed until 2014 at th...
Volume: 52Issue: 50Published at Mon, 14 Dec 2009 -
OMV Chief Says Nabucco Timetable “Very Ambitious”
...cision by late 2010 and a start to construction work in 2011 to allow gas deliveries via Turkey by 2014, “is very ambitions and to some extent out of our control.” OMV is leading the Nabucco project, but Mr Ruttenstorfer appeared keen to tone down recent optimism about the availability of gas from Az...
Volume: 52Issue: 49Published at Mon, 07 Dec 2009 -
Turkmenistan And Eni Sign Cooperation Agreement
...ose operating in Azerbaijan’s offshore section and that the gas be exported through Azerbaijan and Georgia to Turkey. The Nabucco Gas Pipeline project is scheduled to come into operation in 2014 with supplies of Azerbaijani and Iraqi natural gas, but Nabucco consortium members are keen to add Tu...
Volume: 52Issue: 48Published at Mon, 30 Nov 2009