1. Utenov: Kazakstan’s Strategic Oil Exports Outlook

    ...ich comes in approximately 2018-19 according to the group of six companies’ estimate. Before the start of oil production under the framework of Kashagan Phase 2 development, the capacity of the existing export systems with full extension of the CPC oil pipeline by the end of 2014 will be enough to ex...

    Volume: 54
    Issue: 03
    Published at Mon, 17 Jan 2011
  2. Abu Dhabi Renews Cosmo Concessions

    ...nuary 2014 (MEES, 22 February 2010). The Cosmo renewal is the emirate’s second. ADNOC’s onshore gas division, GASCO, (ADNOC 68%, Shell 15%, Total 15%, and Portugal’s Partex 2%) had its concession renewed in March 2009, six months after it had expired. It was post dated to October 2008 and will ex...

    Volume: 54
    Issue: 03
    Published at Mon, 17 Jan 2011
  3. Political Comment (17 January 2011)

    ...Middle East Economic Survey VOL. LIV No 3 17-Jan-2011 POLITICAL COMMENT Political Comment (17 January 2011) Tunisian President Zine al-Abidine Ben Ali has responded to violent unrest in the country by announcing that he will not run for reelection in 2014. Lebanon's na...

    Volume: 54
    Issue: 03
    Published at Mon, 17 Jan 2011
  4. Saudis Accelerate Multi-Billion Dollar Downstream Drive

    ...3,000 b/d of ultra-low sulfur diesel, 6,300 tons/day of coke and 1,200 t/d of sulphur from late 2014/early 2015. Sinopec is involved in a so-far unsuccessful gas exploration joint venture in Saudi Arabia’s Empty Quarter and also partners Saudi Aramco at its 240,000 b/d Fujian refinery and petrochemical pl...

    Volume: 54
    Issue: 01/02
    Published at Mon, 10 Jan 2011
  5. Cyprus Agrees Details Of $6Bn LNG Supply Deal With Shell

    ...ll sales and purchase agreement (SPA) will take several more months. MEES understands that the Cypriot side requested the 20-year term for the deal, which will be very flexible in volume deliveries but still contain take-or-pay terms. Gas deliveries are to begin in 2014-15 and will be priced against Br...

    Volume: 54
    Issue: 01/02
    Published at Mon, 10 Jan 2011
  6. Noble Energy Makes Major Gas Discovery Offshore Israel With Leviathan Well

    ...nge between 50% and 62%. It recommended that the existing 12.5% royalty remain in place and that tax on profits range between 20% and 50%. The existing depletion allowance would be cancelled. Depreciation would be accelerated and oil and gas fields that begin production by 2014 would receive a lo...

    Volume: 54
    Issue: 01/02
    Published at Mon, 10 Jan 2011
  7. SEC Announces Plan To Expand Generating Capacity By 2016

    ...wer plants – at Rabigh, Riyadh and Qurayah – between April 2012 and April 2014, adding 5.2gw in new capacity (MEES, 4 October)....

    Volume: 54
    Issue: 01/02
    Published at Mon, 10 Jan 2011
  8. Iran Casts Wary Eye On Shared Field As Qatar Celebrates LNG Success

    ...eaky horizontal drilling,” a state-owned Qatar Petroleum (QP) official tells MEES. “Qatar’s best drilling sites are right on the median line, so if there is migration it would go our way,” he said. Qatar has a moratorium until 2014 on new projects in the field, while QP completes its study into re...

    Volume: 53
    Issue: 51
    Published at Mon, 20 Dec 2010
  9. Naimi Likely To Stay At Helm Of No 1 Global Oil Power

    ...entually discarded ExxonMobil-led Core Venture 2 of the Saudi Strategic Gas initiative, proposed in the early part of the decade. Closer at hand, the offshore Middle East Gulf 1.8bn cfd Karan gas development is set to start up next year. In 2014 the 2.5bn cfd Wasit gas plant, which will process gas fr...

    Volume: 53
    Issue: 51
    Published at Mon, 20 Dec 2010
  10. Shuweihat S3 Power Deal Suggests Dip In Financing Costs

    ...wer in summer 2013 and then gear up to full rates of 1.6gw before the 2014 summer peak loading period. It will be fueled by gas. Once the PPA is signed, ADWEA is expected to make a decision on the next IWPP or IPP. This was originally going to be Taweelah C, which was supposed to have been launched as...

    Volume: 53
    Issue: 51
    Published at Mon, 20 Dec 2010
  11. SEC Finalizes $1.33Bn Islamic Financing With Local Banks

    ...ogram, which will see approximately SR21bn ($5.6bn) invested in three new power plants – at Rabigh, Riyadh and Qurayah – between April 2012 and April 2014, adding 5.2gw in new capacity (MEES, 4 October)....

    Volume: 53
    Issue: 51
    Published at Mon, 20 Dec 2010
  12. Syria’s 2011 Draft Budget Targets Lower Deficit

    ...bsequently the deficit/GDP ratio is projected to rise slightly to 6% in 2012, before falling to 5.8% in 2013, 5.5% in 2014 and 5.4% in 2015, according to the government budget statement that was presented to parliament. The budget was approved by the cabinet on 12 October and is currently being debated in...

    Volume: 53
    Issue: 50
    Published at Mon, 13 Dec 2010
  13. Qatar Delays Barzan Project Due To Domestic Gas Supply Surplus

    ...st the World Cup that year. Qatar has a surplus of gas for its domestic market and is delaying the start up of the 1.5bn cfd Barzan project to 2015, from the planned 2014, MEES learns. Barzan’s gas from the North Field – the final project approved under the moratorium on further developments of th...

    Volume: 53
    Issue: 50
    Published at Mon, 13 Dec 2010
  14. GCC Power Grid Project Nears Completion

    ...ich it is boosting to 2.5gw next year and to 3.6gw by 2014, which is expected to be greater than demand. Qatar plans to boost its power production to more than 8.707gw by 2011, from 4.263gw at the end of the second quarter of 2008. GCC Electricity Ministers Approve Single Tariff A meeting of the GC...

    Volume: 53
    Issue: 49
    Published at Mon, 06 Dec 2010
  15. Ma'aden Aluminum Financing Oversubscribed, Attracts 16 Lenders

    ...d 380,000 t/y for the rolling mill. First commercial production from the smelter and mill is scheduled for early 2013. First production from the mine and refinery is set for early 2014. Alcoa will supply alumina to the smelter in the interim period. Ma'aden holds 74.9% of the joint venture; Al...

    Volume: 53
    Issue: 49
    Published at Mon, 06 Dec 2010
  16. Turkmenistan Tilts Towards West, Considers Rapprochement With Azerbaijan

    ...PC and Turkmengaz, once the 1,000km, 30 bcm/year capacity East-West pipeline is com-pleted in 2014. On top of that, the former head of Turkmengaz noted, “as early as 2011, Turkmenistan needs a market for gas produced by the Malaysian Petronas company on an offshore block at a rate of 5 bcm/y.” Me...

    Volume: 53
    Issue: 48
    Published at Mon, 29 Nov 2010
  17. Iran Wants To Renegotiate Offshore Gas Treaty With Qatar

    ...ing back the gas that has migrated.” Qatar has a moratorium on further new development projects before 2014, when it will complete its study into the field’s depletion. But QP engineers complain that to calculate the rate they need meaningful figures from Iran about its extraction plans, but ar...

    Volume: 53
    Issue: 48
    Published at Mon, 29 Nov 2010
  18. Shell, BP And BG In Talks With Cyprus For LNG Import Terminal

    ...by early next year (MEES, 30 August). Cyprus is hoping for LNG to start arriving in 2014 at its proposed southern Vasilikos site as part of a 20-year supply agreement.  Currently Cyprus generates electricity primarily through burning fuel oil....

    Volume: 53
    Issue: 48
    Published at Mon, 29 Nov 2010
  19. BP Strikes Gas On West Nile Delta Concession

    ...velopment of five offshore fields into a new onshore gas plant, with first gas anticipated for late 2014 (MEES, 26 July)....

    Volume: 53
    Issue: 48
    Published at Mon, 29 Nov 2010
  20. CBI Statistics Show 19.7% Fall In Oil And Gas Exports Revenue In 2009-10

    ...12-13) 1.951 1392 (2013-14) 1.553 1393 (2014-15) onwards 4.127 Parliament Removes President From CBI Assembly The Iranian parliament on 14 November passed a law to remove President Mahmoud Ahmadinejad from chairing the CBI General Assembly in a move which de...

    Volume: 53
    Issue: 47
    Published at Tue, 23 Nov 2010