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Gulf Condensate And Naphtha Exports To Increase
...ia-Pacific needs more petrochemical feedstock. Qatar’s marketing will be the largest single factor in medium term condensate sales, when it reaches full production and export capacity by 2014. “Qatar produces less segregated condensate than Saudi Arabia, but has overtaken Russia and Algeria as th...
Volume: 54Issue: 38Published at Mon, 19 Sep 2011 -
Cyprus Government Says Drilling In Block 12 Will Proceed Despite Turkish Objections
...tural gas to the island by pipeline sometime in 2014, either from the Israeli Leviathan gas field or any discovery made in Block 12. The two companies have also proposed that a multi-faceted LNG facility be constructed on the island’s southern coast near the main power generation facility at Vasilikos (ME...
Volume: 54Issue: 38Published at Mon, 19 Sep 2011 -
ESAI Charts Return Of Libyan Crude To Market
...13 or early 2014. “There are some fields which have limited or no damage and should be able to return to production relatively quickly,” ESAI said. “There are other fields with substantial damage, and there are still fields and pipelines that need to be cleared of mines.” Noting that the Na...
Volume: 54Issue: 38Published at Mon, 19 Sep 2011 -
Marafiq Awards Doosan $80Mn Contract To Build Desalination Plant
...at completion is scheduled for March 2014. In February the Saudi Saline Water Conversion Corporation (SWCC) awarded a $124mn contract to Doosan to co‐build a similar plant in the Yanbu' region (MEES, 14 February)....
Volume: 54Issue: 38Published at Mon, 19 Sep 2011 -
Kuwait Increases LNG Imports And Fuel Oil Exports
...the sales gas pool. Kuwait is turning increasingly to enhanced oil recovery, which is energy intensive. Chevron expects to take its final investment decision in 2014 on going ahead with its high energy use heavy oil steam injection project in the NZ. A green light may trigger more LNG im...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
Cyprus Energy Department Urges Gas Search, Turkey Threatens Intervention
...ock 12, with gas being transported to the island by pipeline; transporting gas to Cyprus from Israel’s offshore Leviathan field by pipeline; and transporting gas to the island from both sources (MEES, 22 August, 4 July). “The Americans want to bring us natural gas by 2014 and are asking for co...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
Kuwait’s Real GDP Will Grow By 5.6% In 2011-12, Says QNB Capital
...rther non-oil expansion, resulting in 1% GDP growth to $167bn, it added. A new development plan is attempting to push ahead with $110bn of projects until 2014; half of it is intended to be financed by the private sector. The state has pledged to guarantee KD10bn ($36.49bn) of bank loans to pr...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
Kuwait Looks To FID On Australia LNG Project By Year-End
...wait Foreign Petroleum Exploration Company (Kufpec) and its partners a step closer to taking the final investment decision (FID) on the 15mn tons/year project. Kufpec (7%) and its partners – operator Chevron (73.6%), Shell (6.4%) and Apache (13%) – aim to start production at a rate of 8.9mn t/y in 2014...
Volume: 54Issue: 36Published at Mon, 05 Sep 2011 -
Qatar To Boost Naphtha Output From GTL Plant And Condensate Splitter
...09. By 2014 it will have debottlenecked and installed a gas oil hydrotreater to produce low sulfur diesel – less than 10ppm. Europe’s demand for low sulfur diesel of this quality will increase during 2014-16 as its tightened product specifications kick in. The splitter’s current production ca...
Volume: 54Issue: 35Published at Mon, 29 Aug 2011 -
TAQA Set To Continue With Bergermeer Open Season As Planned
...pacity to customers in a first round, for periods of four to 10 years beginning in 2014, while a second open season for capacity allocation in 2015 and beyond is scheduled for 2012, after the Dutch high court’s final verdict on the appeals. “What we are doing is tailoring each of the open seasons to tw...
Volume: 54Issue: 35Published at Mon, 29 Aug 2011 -
Chevron Awards CPC Pipeline Expansion Project Services Contract To Fluor
...rminal expansion in Novorossiysk as well as the supervisory control and data system (SCADA) for the entire pipeline. The project is scheduled to be completed at the end of 2014. The CPC consortium – which comprises Transneft, Kazakh state firm KazMunaiGaz (KMG), Chevron, ExxonMobil and Lukoil – began wo...
Volume: 54Issue: 34Published at Mon, 22 Aug 2011 -
Shell Offers LNG To Bahrain At Near Oil Price Parity
...augen in its tender to import LNG. The tender is unusually flexible – only specifying the import of 400-800mn cfd of LNG for 15 years starting in 2014 – and leaving it up to firms to propose their own ways to achieve it. It has attracted a variety of solutions from low cost, fast start-ups to Sh...
Volume: 54Issue: 33Published at Mon, 15 Aug 2011 -
Oil Producers See Budgets Pressured By Social Unrest, Crude Dip
...e kingdom will remain in a comfortable fiscal position. However, thereafter it faces a very different environment unless spending and oil trends change, it warned. The government will be running budget deficits from 2014, which become substantial by the 2020s. By 2030, foreign assets will be dr...
Volume: 54Issue: 33Published at Mon, 15 Aug 2011 -
Qatar’s Barzan Project Financing Progresses, Banks To Respond 31 August
...ll depend on how competitive it is with the other sources of funding being tapped (MEES, 25 April). Barzan was originally planned for 2012 start‐up, but that date was put back to 2014. It is a two‐train project and will initially produce 1.5bn cfd, although it can be expanded if needed. On an...
Volume: 54Issue: 33Published at Mon, 15 Aug 2011 -
TAQA Posts Strong 2Q11 Results, But Faces Delays In Gas Storage Project
...oject at Bergermeer – Europe’s largest – would not be completed by 2014 as had been initially planned. On 8 August, the highest court in the Netherlands ordered the suspension of construction work at the Bergermeer gas storage project near Alkmaar, citing fears on the part of both en...
Volume: 54Issue: 33Published at Mon, 15 Aug 2011 -
Noble To Drill On Block 12 In October, Says Cyprus Energy Head
...prus A to the island via a 180km pipeline for domestic use by 2014....
Volume: 54Issue: 32Published at Mon, 08 Aug 2011 -
IFC Approves $250Mn Investment Package For OCI
...s support for the region, investing up to $6bn by 2014, including $2bn in mobilization....
Volume: 54Issue: 32Published at Mon, 08 Aug 2011 -
S&P Revises Tunisia Outlook To Negative, Sees Downside Risks Persisting
...eadily returning to a trend growth of approximately 5% by 2014. Tunisia’s current account deficit will worsen to “more than 6% of GDP this year,” largely on account of the recent plunge in tourism revenues. Both tourism and FDI are expected to improve gradually however, as confidence returns, re...
Volume: 54Issue: 32Published at Mon, 08 Aug 2011 -
Egypt Grapples To Support Energy Sector; Reshuffle Delays Musturud
...advertently held up the planned $3.7bn Musturud refinery. Egypt’s Minister of Petroleum 'Abd Allah Ghurab said at the end of July that Cairo plans to invest $1bn in exploring for gas and oil in the Sinai Desert up to 2014. The only details he gave were that the plan includes 60 wells and aims to boost re...
Volume: 54Issue: 31Published at Mon, 01 Aug 2011 -
Gulf LNG Producers Facing Greater Competition From Australia In Asia-Pacific
...rector, Chevron Australia. Chevron said in June it secured conditional approval from Western Australia’s Environmental Protection Agency – the first of several environmental green lights that Chevron needs before making the FID. The project owners say it will produce 8.9mn t/y in 2014, with first cargoes ex...
Volume: 54Issue: 31Published at Mon, 01 Aug 2011