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Saipem Extends Drilling Contract At WDDM To 2014, Targets Water Depths Of 1,100Ms
...Middle East Economic Survey VOL. LII No 13 30-Mar-2009 EGYPT Saipem Extends Drilling Contract At WDDM To 2014, Targets Water Depths Of 1,100Ms Saipem has extended its contract to drill in Egypt’s Mediterranean deep offshore, on behalf of the Burullus Gas Company, as far out as...
Volume: 52Issue: 13Published at Mon, 30 Mar 2009 -
Ruwais Refinery FEED Set For Completion In June
...stall a base oil production facility, which is also at the FEED stage, he said. The new Ruwais refinery will be commissioned in early 2014, and is not a replication of the original, but a side-by-side design, MEES understands. While Takreer has not given a cost estimate, experts put the new refinery’s pr...
Volume: 52Issue: 13Published at Mon, 30 Mar 2009 -
US Confirms Azeri-Turkish Impasse On Gas Transit Talks
...ternational Operating Company (AIOC) partners. Otherwise, he said, “Nabucco could become operational by 2014.” Other recent developments in the Caspian and Black Sea regions include: Gazprom’s Deputy Executive Director Alexander Medvedev told Vesti TV on 16 March that the Russian firm had turned do...
Volume: 52Issue: 12Published at Mon, 23 Mar 2009 -
Shah Deniz Phase 2 Development Could Be Delayed By Transit Talks
...erbaijan “subject to commercialization being in place,” according to a 12 March Platts report. The report cited a BP source as saying that “this is not a delay due to the economic crisis, this is due to the impasse on transit terms. It’s pretty well impossible to come online in 2014.” BP and Shah Deniz co...
Volume: 52Issue: 12Published at Mon, 23 Mar 2009 -
Banks Await Award Of Tacaamol Financial Advisory Mandate
...uster. The port, which is one of the central pillars of Abu Dhabi’s envisioned development through to 2030 (MEES, 12 January), is set to be operational by the end of 2010. The first Chemaweyaat complex, Tacaamol, is estimated to cost around $10bn and set to begin production in 2014, with exports of mo...
Volume: 52Issue: 12Published at Mon, 23 Mar 2009 -
Tunisia Calls For Bids To Build Two 350-500MW Power Plants
...n-operate (BOO) basis, of a combined cycle 350-500mw power plant at Bizerte in northern Tunisia. The development program envisages the power station coming on-stream in 2014, with the option of a second phase, doubling the plant’s capacity. The contract would be awarded to a private company on a 20...
Volume: 52Issue: 05Published at Mon, 02 Feb 2009 -
Abu Dhabi Aims For Oil/Non-Oil GDP Equilibrium
...Middle East Economic Survey VOL. LII No 2 12-Jan-2009 UAE Abu Dhabi Aims For Oil/Non-Oil GDP Equilibrium Abu Dhabi is seeking to increase the non-oil sector’s contribution to its gross domestic product (GDP), reaching equilibrium with oil GDP in 2014-16 (see table) and ai...
Volume: 52Issue: 02Published at Mon, 12 Jan 2009 -
CNPC Seeks Expanded Interests In Kazakhstan Through MMG Acquisition
...2014 via the China-Turkmenistan Central Asian Gas Corridor, which is expected to become operational by late 2009 with an initial transit capacity of 4.5 bcm/year....
Volume: 51Issue: 50Published at Mon, 15 Dec 2008 -
HSBC Awarded Financial Advisory Mandate For ZORCO Refinery Project
...nimal fuel oil production. It is due for completion in 2014. The agreement with Foster Wheeler represents something of a breakthrough for Libya. The oil-rich North African country has been seeking to expand and upgrade its derelict refining sector for many years, and the establishment of Libya’s so...
Volume: 51Issue: 50Published at Mon, 15 Dec 2008 -
Iran’s Oil Production Not Expected To Increase Medium-Term, Says FACTS
...12) 185 (2014-15) Jufeyr Belarusneft 15 (2009-10) 25 (2011-12) Paranj Not Yet Decided 50 (2013-14) No Phase 2 Darquain Phase 3 Eni (Likely) 100 (20...
Volume: 51Issue: 46Published at Mon, 17 Nov 2008 -
Iran Establishes New Naval Base In The Sea Of Oman
...approximately 37 bcm/year, with first gas planned from 2014. Mr Kasaeizadeh said that design engineers had been hired and that NIOC had started talks with European countries on their participation in the implementation of the project. Nozar Arian, Managing Director of the Iranian Of...
Volume: 51Issue: 44Published at Mon, 03 Nov 2008 -
Foster Wheeler Signs 200,000 B/D Libyan Refinery Contract With Tamoil Subsidiary
...soline, jet fuel and diesel, with minimal fuel oil production. It is due for completion in 2014. Under the agreement signed in Tripoli, Foster Wheeler will act as project manager, responsible for optimizing the refinery configuration, selecting the licensors, the front-end engineering design (FEED) and th...
Volume: 51Issue: 44Published at Mon, 03 Nov 2008 -
Kasaizadeh Targets Implementation Of LNG Projects By End-2014
...anian Gas Exports, in Tehran on 5 October, that the company now expected that all three of its major LNG export projects will be implemented by the end of 2014. He said that that the first plan to materialize would be the Iran LNG project, due on-stream in 2012, which is being financed exclusively by...
Volume: 51Issue: 41Published at Mon, 13 Oct 2008 -
Eni Expects Kashagan First Oil By 4Q12, Shell-KMG JV To Operate Production Phase
...penses made up to that point unless the deadline is met. Kazakh officials suggested earlier this month that the actual production start-up may be delayed until the spring of 2014 due to harsh winter conditions (MEES, 15 September). Production is set to increase rapidly after first oil, to reach 37...
Volume: 51Issue: 39Published at Mon, 29 Sep 2008 -
Kashagan Early Oil May Be Delayed To 2014
...Middle East Economic Survey VOL. LI No 37 15-Sept-2008 CASPIAN Kashagan Early Oil May Be Delayed To 2014 Timur Kulibayev, Chairman of Kazakh oil producers’ association KazEnergy told a conference in Astana on 4 September that start-up of the early oil phase of the Kashagan oil fi...
Volume: 51Issue: 37Published at Mon, 15 Sep 2008 -
Azeri Energy Minister Announces Readiness To Join Nabucco Project
...bucco – one branch of a gas pipeline which will give us the opportunity to deliver gas from the Caspian region to Europe.” Mr Aliyev also noted that Azerbaijan estimated that its future gas production would reach 32 bcm/year by 2014 and 40 bcm/y by 2017. This was the first time the Azeris have su...
Volume: 51Issue: 36Published at Mon, 08 Sep 2008 -
Gazprom To Buy 500,000 Tons Of LNG From Adgas
...ich will start production this winter, and of the Shtokman LNG project in the Barents Sea with first LNG expected in 2014....
Volume: 51Issue: 33Published at Mon, 18 Aug 2008 -
High Oil Prices Revive Interest In Renewable Energies, Says GRC
...chnology exporter. The Masdar initiative has invested $2bn in two factories for thin film PV cells in Abu Dhabi and Germany. Upon completion, the two Masdar factories will have a combined annual output of 230mw of generating capacity per year, to be increased to 1gw annually by 2014, said the report. Th...
Volume: 51Issue: 32Published at Mon, 11 Aug 2008 -
NPC Plans To Double Production Capacity To 68Mn T/Y By 2014
...Middle East Economic Survey VOL. LI No 25 23-June-2008 IRAN NPC Plans To Double Production Capacity To 68Mn T/Y By 2014 Iran’s National Petrochemical Company (NPC) plans to invest more than $30bn by 2014 to double its current production level to 68mn tons/year, according to NP...
Volume: 51Issue: 25Published at Mon, 23 Jun 2008 -
Lebanon Completes $882mn Eurobond Exchange
...Middle East Economic Survey VOL. LI No 18 5-May-2008 Lebanon Lebanon Completes $882mn Eurobond Exchange The Lebanese government announced on 30 April that it had successfully completed a voluntary offer to swap dollar government bonds maturing in 2008 for new ones maturing in 2014...
Volume: 51Issue: 18Published at Mon, 05 May 2008