1. South Pars Output Up 28% Last Year

    ...te of 60%” by March 2011. He said that $1.6bn had been spent so far in taking the project to 30% of completion. South Pars 12 development is expected to cost $7.5bn. Design capacity is 78mn cmd of gas and 120,000 b/d of condensates....

    Volume: 53
    Issue: 16
    Published at Mon, 19 Apr 2010
  2. Jordan Signs $52Mn Loan With SFD

    ...pacity of 142mw each, due to come on line in early 2011. The loan will carry interest at 2% is repayable in 30 semi-annual installments after a grace period of five years. Last month the Kuwait Fund for Arab Economic Development (KFAED) agreed to provide KD15mn ($52mn) to Jordan to finance the Samra po...

    Volume: 53
    Issue: 16
    Published at Mon, 19 Apr 2010
  3. Block 24 Oil Production Due To Start This Month

    ...rch).  Elsewhere in Block 9, Loon Lattakia (a subsidiary of Kulczyk Oil of Canada) plans to start drilling in 2011, the company’s vice-president for operations and engineering Edwin Bearman, told The Syria Report. “We will finish the 3D seismic survey by the end of next month. Depending on the findings of...

    Volume: 53
    Issue: 16
    Published at Mon, 19 Apr 2010
  4. Condensate Expansion East Of Suez Boosted By Increased Gas Development

    ...tlook, 2010-15 ('000 B/D) 2010 2011 2012 2013 2014 2015 Iran 624 686 729 783 807 873 Iraq 92 142 167 219 285 319 Kuwait 87 92 105 110 114 11...

    Volume: 53
    Issue: 16
    Published at Mon, 19 Apr 2010
  5. Concluding Statement Of The 12th International Energy Forum

    ...oking forward to the second NOC-IOC Forum in 2011, it was suggested to attempt to draw up IEF general principles or guidelines on NOC-IOC cooperation, based on best practices around the world, as a possible concrete tool to facilitate this cooperation. Where uncertainty is caused by industry’s pro-cy...

    Volume: 53
    Issue: 16
    Published at Mon, 19 Apr 2010
  6. Qatar’s Record 2010-11 Budget Targets Infrastructure Growth

    ...tput To Hit 77Mn Tons/Year By 2011 Qatar’s Prime Minister Shaikh Hamad bin Jasim Al Thani estimated 2010-11 GDP growth at 16%, at an investment forum in Paris on 25 March. He confirmed that Qatar expected to boost its LNG production to 77.4mn tons/year by 2011, from the current 56mn t/y level. Qatar’s fo...

    Volume: 53
    Issue: 15
    Published at Mon, 12 Apr 2010
  7. EIA Forecasts 2010 Demand Growth At 1.5Mn B/D, 1.6Mn B/D For 2011 As Economy Recovers

    ...Middle East Economic Survey VOL. LIII No 15   12-April-2010 EIA Forecasts 2010 Demand Growth At 1.5Mn B/D, 1.6Mn B/D For 2011 As Economy Recovers The Energy Information Administration (EIA) of...

    Volume: 53
    Issue: 15
    Published at Mon, 12 Apr 2010
  8. Russia’s Transneft Claims Bulgaria Delaying Burgas-Alexandroupolis Pipeline Project

    ...to operation 2010, but that date has been moved back to an unlikely 2011. Last February, Russian Foreign Minister Sergei Lavrov called for the Bulgarian government to provide a concrete statement on whether it was interested in building the pipeline (MEES, 1 March, 22 February). Bulgaria is re...

    Volume: 53
    Issue: 15
    Published at Mon, 12 Apr 2010
  9. Russia To Deliver Second Batch Of Fuel Rods To Bushehr Plant In 2011

    ...Middle East Economic Survey VOL. LIII No 15   12-April-2010 IRAN Russia To Deliver Second Batch Of Fuel Rods To Bushehr Plant In 2011 Yury Olenin, President of Russia’s state-owned nuclear fu...

    Volume: 53
    Issue: 15
    Published at Mon, 12 Apr 2010
  10. Laffan Condensate Refinery Inaugurated, Expansion Work Expected In 2011

    ...Middle East Economic Survey VOL. LIII No 15   12-April-2010 QATAR Laffan Condensate Refinery Inaugurated, Expansion Work Expected In 2011 The Laffan Refinery, the first condensate pr...

    Volume: 53
    Issue: 15
    Published at Mon, 12 Apr 2010
  11. SABIC And Celanese Sign Agreement For $400Mn POA Plant

    ...dustrial city, with construction expected to begin in 2011. “The new facility will boost SABIC’s position in the performance chemicals industry as an important part of its 2020 strategic plan,” SABIC said. The facility is expected to come on stream by 2013, and use methanol feedstock produced by IBN SINA. PO...

    Volume: 53
    Issue: 15
    Published at Mon, 12 Apr 2010
  12. Saudi Inflation Rate Expected To Stabilize In 2010, Says Samba

    ...ough excess capacity in the global economy to suggest that inflation among Saudi Arabia’s trading partners will remain weak for the next year at least. Samba expects consumer price inflation to hold at an average 4.5% in 2010, before gathering pace to 5% in 2011-12. Sharp increases in prices will be ge...

    Volume: 53
    Issue: 15
    Published at Mon, 12 Apr 2010
  13. Political Comment (12 April 2010)

    ...ferendum on independence in the south in January 2011 ‒ remains to be seen. Netanyahu Pulls Out Of NSS At the signature of the START 2 treaty in Prague on 8 April, US President Barack Obama was at pains to emphasize "America's commitment to the nuclear Non-Proliferation Treaty (NPT) as a cornerstone of ou...

    Volume: 53
    Issue: 15
    Published at Mon, 12 Apr 2010
  14.  ‘Cancun Declaration’ Looks To Intensify Producer/Consumer Dialogue

    ...equently. The charter should be approved at a ministerial meeting which is scheduled to take place in Riyadh by March 2011. Delegates met in a “completely different energy landscape” from the last meeting in Rome two years ago. The oil market turmoil of 2008 has been the catalyst for driving this ex...

    Volume: 53
    Issue: 14
    Published at Mon, 05 Apr 2010
  15. 2010 Outlook For Jordan Uncertain, Bank Audi Says

    ...spectively. “Within this context, careful management of discretionary spending will be needed going forward in order to consolidate public finances and bring public debt back within legislated limits,” says the bank, adding that if the 2010 budget is followed by another austere budget in 2011, the public debt to...

    Volume: 53
    Issue: 14
    Published at Mon, 05 Apr 2010
  16. Turkey’s Gas Imports Bill Totals $9.9Bn In 2009, Crude Imports $6.4Bn

    ...an or Iraq and Egypt. The energy plan calls for negotiations with Azerbaijan and Nabucco gas pipeline partners to be concluded this year in order for construction of the 3,300 km pipeline to begin in 2011, and for a gas pipeline link to be completed next year with Syria – through which Egyptian gas wo...

    Volume: 53
    Issue: 14
    Published at Mon, 05 Apr 2010
  17. Nabucco Confirms 2014 Target For Pipeline Start-Up

    ...nstruction of the Nabucco Gas Pipeline project would begin in 2011 and that first gas would be pumped through the 3,300km conveyor in 2014. “We are aiming to start with the construction at the end of 2011 and we’ll expect first gas to flow at the end of 2014,” Mr Mitschek said in a statement issued from Vi...

    Volume: 53
    Issue: 13
    Published at Mon, 29 Mar 2010
  18. Greece And Italy Promote ITGI Gas Pipeline As Best Start To Southern Corridor

    ...t underway in 2011. Mr Sachinis said that the IGB project – priced at $145mn – will be more cost effective than other projects proposed to carry gas to Southeast Europe, as each billion cu ms of capacity will translate into a cost of around $30mn. He also noted that the ITGI and IGB projects can mo...

    Volume: 53
    Issue: 12
    Published at Mon, 22 Mar 2010
  19. Higher Crude Prices Adopted For 2010 Budgets

    ...direct heavy investments across all major sectors. Angolan authorities are expected to follow IMF advice and rebuild reserves before allowing imports to rise strongly again, reflected in the moderate price thresholds projected for 2010 and 2011. Although substantial variations in required prices co...

    Volume: 53
    Issue: 12
    Published at Mon, 22 Mar 2010
  20. Saudi Economy Registers Positive Growth But Concerns Over High Inflation, Says Samba

    ...storical norms. Samba expects the rate of inflation to remain broadly stable in 2010, averaging around 4.5%, before edging up to 5% in 2011 as trading partners’ inflation picks up, wheat prices rise, and domestic economic activity firms. Despite the recovery in private economic activity, bank credit is st...

    Volume: 53
    Issue: 12
    Published at Mon, 22 Mar 2010