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Question Mark Over $6Bn ExxonMobil Qatar Petrochemicals Project
...xonMobil has a stake in four of Qatar’s LNG mega-trains, and two conventional North Field gas projects: 2bn cfd al-Khaleej, which is on stream, and 1.5bn cfd Barzan, which will start up in 2014. Barzan and al-Khaleej’s second phase will provide the domestic market with gas. The first phase of al-Khaleej su...
Volume: 53Issue: 28Published at Mon, 12 Jul 2010 -
MEES Agenda: Lebanon Pushes Reform Plan For Its Troubled Power Sector
...oduction costs. The reform plan is expected to result in a power sector with more than 4.0gw generation capacity by 2014 and 5.0gw after 2015. The plan envisages an investment of $4.87bn to raise capacity to 4.0gw. The government of Lebanon expects to invest up to $1.5bn, with $2.3bn coming from the pr...
Volume: 53Issue: 28Published at Mon, 12 Jul 2010 -
GCC Economies Return To More Robust Growth, Says Samba
...rrently slated to run to 2014 will at some stage be lifted. This is likely to prompt another round of gas based industrial development and provide additional stimulus to Qatar’s promising longer term growth prospects,” concludes the report....
Volume: 53Issue: 28Published at Mon, 12 Jul 2010 -
Tighter Sanctions Aimed At Iran’s Energy Sector
...fining and Distribution Company (NIORDC) is launching a massive downstream expansion. If realized, Iran would add over 1.5mn b/d of brand new refinery capacity at a cost of over $27bn, not to mention expansion of 1.1mn b/d at existing refineries at a cost of $11.4bn, and all by 2014. Tehran has also an...
Volume: 53Issue: 27Published at Mon, 05 Jul 2010 -
Iraqi Cabinet Gives Initial Approval Of $17Bn Shell Gas Deal
...st a working number. It could change,” Iraq’s deputy oil minister for the downstream, Ahmad al-Sham'a, tells MEES. Funding will be staggered with $450mn to be paid in 2013, $1.25bn in each of 2014 and 2015 and $1.2bn in 2016, news reports said. The deal, which brings together SGC (51%), Shell (44%) an...
Volume: 53Issue: 27Published at Mon, 05 Jul 2010 -
Kazakhstan Introduces New Subsoil Law, Enhancing State Leverage
...ginning will be delayed. We therefore, expect no substantial volumes of oil in the period from 2014 to 2016 to justify construction of the KCTS.” However, KCTS is due to be completed in 2016-17 to handle expanded output from Kashagan (MEES, 7 June)....
Volume: 53Issue: 27Published at Mon, 05 Jul 2010 -
Musturud Refinery Project Attracts Additional Lenders
...mpletion is planned for 2014....
Volume: 53Issue: 27Published at Mon, 05 Jul 2010 -
IEA Medium Term Forecast Sees Demand Growing By 1.2Mn B/D Annually To 2015
...pectations about longer term market fundamentals have all helped shape recent oil price tends, over and above the influence of more traditional physical drivers.” IEA World Oil Supply And Demand Outlook 2009-15 (Mn B/D) 2009 2010 2011 2012 2013 2014 2015 OE...
Volume: 53Issue: 26Published at Mon, 28 Jun 2010 -
Gazprom And Eni Finalize Deal For EDF To Join South Stream, Consider Routing Options
...the main trunk pipeline. The pipeline has reportedly passed hydraulic tests, and will replace a 116km pipeline built in the 1990s. This is the first component of CPC’s plan to more than double the pipeline’s net export capacity to 67 mn tons/year by 2014 at an expected cost of $4.5bn. Tr...
Volume: 53Issue: 26Published at Mon, 28 Jun 2010 -
Lebanon Approves Electricity Sector Reform Plan
...neration capacity by 2014 and 5.0gw after 2015, which is required to keep pace with the economic development of Lebanon. The plan envisages an investment of $4.87bn to raise capacity to 4.0gw. The Government of Lebanon expects to invest up to $1.5bn, with $2.3bn coming from the private sector and the $1bn fr...
Volume: 53Issue: 26Published at Mon, 28 Jun 2010 -
Domestic Demand Challenge Highlighted By Saudi Aramco Report
...expand gas production and processing capacities by 4.5bn cfd by 2014, an increase of 40% over current capacity.” It is working to bring its first non-associated offshore gas field into production – the 1.8bn cfd Karan project. Karan involves output from 19 wells on four producing platforms, with ga...
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
KMG And CNPC To Build Intra-Kazakh Link To Central Asia Gas Pipeline
...be transferring some 5 bcm/year of gas to China by the end of the year. KMG President Kairgeldy Kabyldin said the Beyneu-Shymkent pipeline would have a capacity to deliver 15 bcm/y of gas. A first stage, to be completed by the start of 2014, would have capacity to deliver 10 bcm/y and would allow Ka...
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
Final Agreement Signed For Iran-Pakistan Gas Pipeline
...a 1,900km gas pipeline to export up to 21mn cmd of South Pars gas to Pakistan beginning in 2014. Iranian Deputy Minister of Petroleum Javad Ouji told reporters at the contract signing ceremony that Iran will now build the remaining 300km of the Iranian section of the project, which will connect Ir...
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
GDF Suez Signs Finance, Power Agreement For Riyadh IPP
...P is one of three IPPs in the kingdom designed to add 5.2gw to the domestic grid by 2015. The first project was the Rabigh IPP (MEES, 17 August 2009). The 1.8gw heavy fuel oil-fired Qurayyah project is the next on the slate for development, with planned startup in April 2014. Advisers on the east co...
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
Socar-Turcas Venture Gets Permit For $4Bn Refinery/Petchem Plant In Izmir Aliaga
...rope. It will also generate electric power. The plant is scheduled to come into operation in 2014....
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
Rumaila Economics And Its Implications
...ateau target. Hence, we assume that the new year-end capacities for 2013, 2014, and 2015 would be 2.4mn b/d, 2.6mn b/d and 2.85mn b/d, respectively. Year-end production capacity does not mean actual production capacity throughout that year. Hence, the assumed actual production for any particular ye...
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
Qatar Eyes Yamal And Iran Investments, Technical Problems Close LNG Plants
...extra 1.5bn cfd of gas by 2014 for power generation. However, “our local electricity demand forecasts are all over the place,” a QP official tells MEES. The problems appear to have already created one casualty, Faisal al-Suwaidi, former CEO of Qatargas, who was forced to resign this month as pr...
Volume: 53Issue: 24Published at Mon, 14 Jun 2010 -
Aegean And Groundstar Revise West Kom Ombo Farm-In Terms (15)
...oundstar Resources to acquire a 70% stake and operatorship of the West Kom Ombo (WKO) block in Egypt’s south central desert, it was announced on 7 June. Aegean has committed to drill a minimum of four exploration wells at a cost of up to $30mn by September 2014, but notes that seismic data has not been ac...
Volume: 53Issue: 24Published at Mon, 14 Jun 2010 -
KFIC Agrees $495Mn Debt Restructuring Deal
...nders and shareholders to restructure KD145mn ($495mn) in debt, it announced on 7 June. The five-year restructuring proposal was approved by all 22 local and international lenders, and will see the debt paid in four tranches, the last of which will be settled on 31 December 2014. The company’s debt re...
Volume: 53Issue: 24Published at Mon, 14 Jun 2010 -
NBK Says Kuwait Consumer Spending On The Rise
...2014, a target NBK cites as achievable if all planned projects and policies are implemented on schedule. “Still, at this rate, new jobs may not be enough to absorb all entrants into the labor market,” it said, adding that while the consumer sector is recovering nicely, employment growth would be ab...
Volume: 53Issue: 24Published at Mon, 14 Jun 2010