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Political Comment (3 November 2008)
...e American presence beyond 2011 and the right to declare the agreement void if the US unilaterally attacks any of Iraq’s neighbors, it is hardly surprising that the move went down badly in Washington, where White House spokeswoman Dana Perino said on 28 October that “we think the door is pretty mu...
Volume: 51Issue: 44Published at Mon, 03 Nov 2008 -
Global LNG Glut Hides Mid-Term Supply Crunch As Producers Shun New Projects
...ch unfavorable market conditions. Simon Martelli reports from the 13th International Gas Summit in Paris. There are numerous LNG plants due to start up between now and 2011, in Qatar, Yemen, Algeria and elsewhere, with an aggregate capacity of more than 95mn tons/year. Some 50% of this will co...
Volume: 51Issue: 43Published at Mon, 27 Oct 2008 -
Construction Of Burgas-Alexandroupolis Oil Pipeline Delayed By A Year
...oil from Russia. The pipeline is expected to become operational by late 2011, with construction estimated to cost €1bn (MEES, 17 March)....
Volume: 51Issue: 43Published at Mon, 27 Oct 2008 -
Political Comment (27 October 2008)
...rliamentary approval. Unfortunately that appeared to be as far as the process went, since even Mr Maliki’s ruling Shi΄a coalition, the United Iraqi Alliance (UIA), expressed misgivings about the agreement – which, inter alia, provides for US forces to withdraw from the country by December 2011 unless as...
Volume: 51Issue: 43Published at Mon, 27 Oct 2008 -
Saipem Extends Drilling Contract In Egypt’s West Delta Deep Marine
...laysia’s Petronas (25%) and the state-owned Egyptian General Petroleum Corporation (EGPC – 50%) which supplies the Egyptian LNG plant at Idku and the domestic market. BG told MEES in May that the $3bn it is planning to invest in Egypt between now and 2011 is specifically intended to maximize the de...
Volume: 51Issue: 42Published at Mon, 20 Oct 2008 -
RWE Dea Outlines North Africa Production Plans
...rth Idku field in the offshore Nile Delta, which is due to start production in 2010 at a rate of 1.1 bcf/year. RWE estimates its capital expenditure for Egypt, Libya and Algeria between now and 2011 will be around €550mn. A company spokeswoman told MEES that the numerous oil discoveries in Libya th...
Volume: 51Issue: 42Published at Mon, 20 Oct 2008 -
Saudi Aramco Further Increases Scope Of Karan Gas Project
...expanded Khursaniyah gas plant for planned end-December 2011 start-up. Karan gas is high in sulfur, adding to the cost development, which will far outweigh the usual 75 cents/mn BTU internal Saudi gas price (MEES, 28 January). Reserves of around 7 tcf have been announced for the field, but ME...
Volume: 51Issue: 42Published at Mon, 20 Oct 2008 -
Occidental Wins $500Mn Abu Dhabi Field Development Deal
...,000 boed of capacity from as soon as 2011, the statement added. Ramhan, located in very shallow water near the Abu Dhabi refinery, was tested in 1992, flowing at a combined rate of 1,750b/d and 14mn cfd. In addition to the initial field developments, Occidental’s $500mn investment program “will in...
Volume: 51Issue: 41Published at Mon, 13 Oct 2008 -
Armenia To Lose Russian Gas Subsidies
...e gradual harmonization in the prices paid by Armenia with what Gazprom charges its European clients. This should be achieved by 2011. Armenia will pay $154/1,000 cu ms for gas next year, 40% up from the current price, rising to $200/1,000 cu ms in 2010. Next year’s pricing will come into effect on...
Volume: 51Issue: 40Published at Mon, 06 Oct 2008 -
Sinopec To Take Over Canada’s Tanganyika Oil
...volved in a 100,000 b/d refinery project in Abu Khashab, northeast of Deir Ez-Zor, planned to start up in 2011. Given China’s rising demand for energy, Chinese companies are expected to press on with efforts to boost their oil investments in the oil producing areas of the Middle East. To go through, the Ta...
Volume: 51Issue: 40Published at Mon, 06 Oct 2008 -
EGAS Launches New Bid Round As Ministry Finalizes Gas Price Amendments
...cole McMahon. EGAS is hoping it will boost interest in the bidding round. The company’s chairman Mahmoud Latif said in March that the surge in local demand calls for a hike in Egypt’s gas production to 10bn cfd by 2011, from around 6bn cfd now. This will require as much foreign investment as can be mu...
Volume: 51Issue: 39Published at Mon, 29 Sep 2008 -
Sonatrach Hails LNG Production Landmark
...e at Skikda, with one more being built at each terminal. The 4.5mn tons/year train being built at Skikda by US firm KBR is due for completion in November 2011, while the new 4.7mn t/y facility at Arzew, that Italy’s Snamprogetti and Japan’s Chiyoda recently won the EPC contract for, is to begin op...
Volume: 51Issue: 39Published at Mon, 29 Sep 2008 -
Europe Strengthens Energy Links With Africa, Despite Security Challenges
...rm is developing, and which are now expected to come on-stream in 2011, lie just next to Eni’s existing assets. FCP said earlier this year that the block’s gas processing plant would have an initial planned capacity of 260mn cfd of gas and 20,000 b/d of liquids (MEES, 31 March). Over the last ye...
Volume: 51Issue: 38Published at Mon, 22 Sep 2008 -
A Lesson Learned?
...an current demand. If their demand estimate for 2011 were adjusted downward by the 10% suggested by the 1980s experience, with a resumption of a 1% growth thereafter, the requirements for OPEC crude would be reduced to the point that the OPEC members would again be squabbling and cheating on qu...
Volume: 51Issue: 38Published at Mon, 22 Sep 2008 -
Eni To Purchase First Calgary Petroleums
...tural gas. The Italian major estimates that the acquisition of FCP will increase its reserves by approximately 190mn boe of proven and probable (2P) reserves within its own Algerian portfolio. Production in the block is scheduled to come on-stream in 2011 with a plateau of Eni’s share production re...
Volume: 51Issue: 37Published at Mon, 15 Sep 2008 -
Lukoil To Bring GdF Into Yamala Block Exploration
...ploration phase of the license by 2011. GdF will cover 15% of costs already incurred. The PSA work obligations include the drilling of two wells and the acquisition of 2D and 3D seismic data....
Volume: 51Issue: 37Published at Mon, 15 Sep 2008 -
NIOC To Bring In Chinese Heavy Oil Expertise
...heavy crude oil: “The refinery is at the basic engineering designing phase, with 5% of physical progress completed.” The unit is scheduled to become operational in 2011 (MEES, 14 April 2008)....
Volume: 51Issue: 36Published at Mon, 08 Sep 2008 -
NPC Earmarks 20 Subsidiary Companies For Privatization
...onomic Commission Allocates Extra €370Mn For Completion Of Petrochemical Plants Iran’s Economic Commission has increased funding for the Kavian, Mahabad and Lorestan petrochemical projects in order to ensure their completion by the existing 2011 deadline, Mehr News Agency reported on 3 September. Th...
Volume: 51Issue: 36Published at Mon, 08 Sep 2008 -
Iran’s Oil And Gas Export Earnings Up 32% To $81.8Bn In March 2008
...670 1390 (2011-12) 2.210 1391 (2012-13) onwards 6.844...
Volume: 51Issue: 36Published at Mon, 08 Sep 2008 -
Parsons Brinckerhoff Appointed Owner’s Engineer For Qatar’s Ras Laffan C IWWP
...tar, the company announced on 19 August. Ras Laffan C is being developed on a fast-track basis to help meet the demand for electricity in Qatar, which is rising at the rate of about 17% annually. Located in Ras Laffan Industrial City, the project will produce some 2.73gw of power beginning in 2011 an...
Volume: 51Issue: 36Published at Mon, 08 Sep 2008