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Neutral Zone Oil Production Capacity To Increase 180,000 B/D By 2019
...afji, which produces 50-60mn cfd, and allow KGOC to implement its 1% flaring policy by 2015. French contractor Technip announced on 14 February it had won the 110km gas and condensate pipeline contract, to be completed by the second half of 2014. The pipeline will also take non-associated gas from Dorra fi...
Volume: 55Issue: 08Published at Mon, 20 Feb 2012 -
Akenerji Awards Turbine/Generator Contract To GE
...atement released on 13 February that the deal includes a 12-year service agreement. The Egemer plant, scheduled to come into commercial operation in the third quarter of 2014, will generate 900mw, enough to meet 2.6% of Turkey’s current electricity requirements. The plant will add an incremental 1.6% to Tu...
Volume: 55Issue: 08Published at Mon, 20 Feb 2012 -
DEPA Looks To Link East Mediterranean Gas Discoveries With Greek Grid
...r Azerbaijan’s Shah Deniz Stage 2 gas – and also through the Interconnector Greece-Bulgaria (IGB) gas pipeline project, a 170km gas line that may be ready for operation by early 2014. While the ITGI is designed to send gas westward into Italy, the IGB is to move gas into the Balkans. The discoveries of...
Volume: 55Issue: 07Published at Mon, 13 Feb 2012 -
IMF: Economic Outlook For Qatar Favorable Despite External Risks
...owth is expected to be driven primarily by manufacturing, financial services, trade and hotels. Real hydrocarbon GDP growth however is projected to slow to 3% as LNG production remains constant on account of Qatar’s self-imposed moratorium on the development of new North Field projects until 2014 (ME...
Volume: 55Issue: 07Published at Mon, 13 Feb 2012 -
Reggane Nord Green Light Paves Way For Algeria Gas Mega-Development
...mel. It is not clear how the delays will impact project timing, but clearly the pipeline construction schedule will be a critical factor. Back in 2009, first gas from Timimoun and Touat was expected in 2013, with Reggane Nord projected to start production in 2014. The delay might allow phase two in...
Volume: 55Issue: 06Published at Mon, 06 Feb 2012 -
North-South Row Set To Continue As African Union Plan Is Rejected
...e end of 2014. These figures are still up for discussion, however, with an exact figure expected within the next 30 days. “The AU has lost sight of the principle of mutual economic viability,” South Sudan’s chief negotiator Pagan Amum was quoted as saying. “We could not sign; they were stealing th...
Volume: 55Issue: 06Published at Mon, 06 Feb 2012 -
Iranian Crude Output Continues To Fall, Hurt By Sanctions
...d 2014 "Many challenges". Chinese, Japanese and Indonesian firms working on it Yaran Arvandan Oil & Gas Co. 300 0 30000 30000 en...
Volume: 55Issue: 05Published at Mon, 30 Jan 2012 -
KOTC Planning Expansion Of Fleet With Purchase of Nine Tankers
...d four petroleum products tankers, respectively. Construction work on the vessels is expected to be completed by 2014. “With this move, KOTC will realize its strategic goal set in coordination with the Kuwait Petroleum Corporation (KPC) to enhance the KOTC fleet to include 33 tankers,” Mr Bo...
Volume: 55Issue: 05Published at Mon, 30 Jan 2012 -
IMF Marks Down Global Growth, But Keeps MENA Forecast Unchanged
...st week, the US Federal Reserve said it sees low interest rates until at least late 2014 – its previous forecast had said that rates were to remain the same until the middle of 2013. IMF Director Christine Lagarde has called for its member countries to provide a further $500bn to allow it to meet an...
Volume: 55Issue: 05Published at Mon, 30 Jan 2012 -
Abu Dhabi Continues Uncertainty Over 1.4Mn B/D Concession
...isting partners in its existing consortium, whose concession is due to expire in January 2014, or seek new players. It also heated speculation about Asian companies’ future role in the emirate by signing a deal with China’s CNPC to award it new blocks, writes Nick Wilson. State-owned Abu Dhabi Na...
Volume: 55Issue: 04Published at Mon, 23 Jan 2012 -
Saudi Aramco/Sinopec Refinery Deal Highlights Growing Sino-Saudi Energy Axis
...yadh airport by the head of Saudi intelligence, Prince Muqrin bin ΄Abd al-Aziz, signaling security concerns were a major subject of discussion. YASREF is scheduled to come on stream in late 2014, Saudi Aramco said. It will produce “90,000 b/d of gasoline, 263,000 b/d of ultra-low-sulfur diesel, al...
Volume: 55Issue: 04Published at Mon, 23 Jan 2012 -
South Pars Reservoir Faces Challenges
...d Venezuela’s PDVSA (10%), which are providing $1bn. POGC says the project is 71% completed offshore and 27% onshore and first production will start in 2012. It is unlikely, however, that the contractor will be able to complete the onshore facilities before 2014. In anticipation of gas being pr...
Volume: 55Issue: 03Published at Mon, 16 Jan 2012 -
Tamar Partners Sign Gas Sales Contracts
...ars if all volumes provided for in the agreement have not been consumed. Supply is expected to begin during the second half of 2014. The Tamar partners on 9 December signed 16-year supply agreements with Ramat Negev Energy and Ashdod Energy, both of which are owned 58% by Edeltech and 42% by Zo...
Volume: 55Issue: 03Published at Mon, 16 Jan 2012 -
Noble To Resume Work On Leviathan-1 Well In Search Of Crude
...2bn and with deliveries scheduled to begin in 2014. GGR Plans Myra And Sarah Wells To Start Late February GeoGlobal Resources has confirmed to MEES that drilling will begin in Israel’s offshore Myra Block in late February using the Homer Ferrington rig. GGR will be targeting a gas prospect in th...
Volume: 55Issue: 03Published at Mon, 16 Jan 2012 -
IMF Says Oman’s Economy Grew By 5.5% In 2011
...10 2011 2012 2013 2014 Proj 2015 2016 Oil and Gas Se...
Volume: 55Issue: 01/02Published at Mon, 09 Jan 2012 -
Qatari Economic Growth To Slow In 2012, IMF Warns
...eld projects until 2014, while substantial investment in infrastructure, coupled with increased levels of production in the country’s manufacturing sector is projected to boost growth in the country’s real non-hydrocarbon GDP to 9%. Consequently, the IMF went on to suggest that the medium term outlook fo...
Volume: 55Issue: 01/02Published at Mon, 09 Jan 2012 -
Outlook Hazy For MENA Project Financing
...velopment following its achieving of a targeted 77mn tons/year LNG production capacity. Until the moratorium is lifted, which will not be until at least 2014, further projects will be concentrated downstream. Qatar Vinyl Company is seeking an adviser on its expansion project. Qatar has embarked on an un...
Volume: 54Issue: 52Published at Mon, 26 Dec 2011 -
Uzbekneftegaz Signs Agreement With PetroChina For Gas Supply
...bekistan’s state firm Uzbekneftegaz for the export of 25 bcm/year of gas to China through a planned third branch of the system. The third line is scheduled to be commissioned in 2014. Construction will be funded through direct investment by PetroChina’s parent firm China National Petroleum Corporation (CN...
Volume: 54Issue: 52Published at Mon, 26 Dec 2011 -
Jordan Announces Austerity Draft Budget For 2012
...5bn of this aid, which could be very timely in helping the kingdom’s growth in the next few years. The deficit (after grants) in 2012 will represent 4.6% of GDP, down from 6.2% in 2011, the minister pointed out. It is expected to fall further to 4% in 2013 and 3.5% in 2014. The kingdom’s pu...
Volume: 54Issue: 52Published at Mon, 26 Dec 2011 -
Qatar Awards $233Mn Power Deal To South Korea’s Hyosung
...oup, to construct eight electricity substations in Qatar by the start of 2014. “The contract was signed in November this year, and is hoped to be completed by January 2014,” a company spokesman told MEES. Under the terms of the $233mn deal signed with Qatar General Electricity and Water Co...
Volume: 54Issue: 52Published at Mon, 26 Dec 2011