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Iran Rejects UN Nuclear Fuel Supply Proposals
...richment facility in the city of Qom, which would be commissioned by 2011. However the agency said that the belated revelation of the new uranium enrichment site might mean that Iran is hiding further nuclear activity. Iran maintains that the Qom facility constitutes a back-up option in case the first en...
Volume: 52Issue: 47Published at Mon, 23 Nov 2009 -
Syria Inaugurates Gas Projects
...eppo to Kilis is currently under construction and is due for completion by early 2011, while the second from Aleppo will be built in the future when more gas becomes available, Mr 'Alaw said during the inauguration ceremony. At present however Syria could use the existing pipeline network Homs-Pa...
Volume: 52Issue: 47Published at Mon, 23 Nov 2009 -
Iraq’s Technical Service Contracts – A Good Deal For Iraq?
...uthern Iraq just to service the projects awarded so far (Rumaila, West Qurna 1 and Zubair) will be a major effort and likely to be much slower than the published aggressive development plans require. These will require several hundred drilling rigs to be operating by 2011. Apart from this challenge, the re...
Volume: 52Issue: 47Published at Mon, 23 Nov 2009 -
Regional Implications For BG’s Renegotiated Gas Price In Oman
...cautiously optimistic, but there will be more clarity in 2011 and 2012, when BG and BP have confirmed their positions,” he said. On the LNG side, BP’s contract to lift 800,000 tons/year expires at the end of 2009, and this will free up more gas for domestic use, and take idle LNG capacity fr...
Volume: 52Issue: 46Published at Mon, 16 Nov 2009 -
North Africa Embraces Renewable Energy
...0mw in Egypt, with another 120mw of capacity under construction. The Egyptian Wind Energy Association estimates that the country will be have the capacity to generate 1.05gw from wind power by 2011. But even if these projects are realized, in the short term wind power will contribute just a small fr...
Volume: 52Issue: 46Published at Mon, 16 Nov 2009 -
Occidental, Mubadala and NOGA Finalize Awali Joint Venture
...2011. By 2016, it should grow to 102,300 b/d, before reaching a peak of 112,600 b/d in 2019.” Mr Monfaridy added that production capacity would begin to decline slowly after 2020. Gas production capacity is expected to reach a peak of 2.75bn cfd in 2020, and hold steady until 2024, said Mr Mo...
Volume: 52Issue: 46Published at Mon, 16 Nov 2009 -
Eni And KMG EP Sign Upstream, Downstream MOU
...pected to begin in 2011 (MEES, 9 November). Two minority shareholders in Dragon Oil have said they will reject the offer made by ENOC to purchase all the shares of the company for £4.55 in cash for each share. Baille Gifford & Co, which holds 4.2% of Dragon, and Noster Capital, with 0....
Volume: 52Issue: 46Published at Mon, 16 Nov 2009 -
Israel’s Mekorot To Build Desalination Plant In Cyprus
...move into sectors such as water and energy,” a spokesperson for Logicom told MEES. “We have started construction, though we are still in the design phase of the process. The structure is expected to be completed within 24 months, by August 2011,” said Logicom....
Volume: 52Issue: 46Published at Mon, 16 Nov 2009 -
Iran’s Inflation Rate Falls To 16.7% In October
...10-11) 2.569 1390 (2011-12) 2.138 1391 (2012-13) 1.852 1392 (2013-14) onwards 5.287...
Volume: 52Issue: 46Published at Mon, 16 Nov 2009 -
Saudi Aramco Expands Petrochemicals Operations
...ceive benzene and paraxylene feedstock from the aromatics complex. A propylene unit will utilize ethylene and a mixed C4 stream, and will also supply the derivatives units. If the project gets final approval, construction should begin in 2011 with start‐up due late in 2014. Fujian involved ex...
Volume: 52Issue: 46Published at Mon, 16 Nov 2009 -
Tunisia Touts Export Potential, As Gas Projects Unfold
...aring and producing 500 b/d of condensate. Sidetrack drilling is due to be completed in mid-2010, with the gas lift coming into effect in 2011....
Volume: 52Issue: 45Published at Mon, 09 Nov 2009 -
No Role For Iran In Nabucco, Says RWE
...ippers on a binding basis is expected to be commenced in the first half of next year. It added that a final investment decision is expected at the end of 2010 and that currently costs for construction of the 3,300km pipeline are estimated at approximately €8bn. Building is planned to begin in 2011 an...
Volume: 52Issue: 45Published at Mon, 09 Nov 2009 -
Nabucco Begins Dialogue With Lenders, Says Mitschek
...tschek said, adding that the talks are aimed at determining the key financing parameters and other important project decisions. The 31 bcm/year capacity, 3,300 km gas pipeline is estimated to cost €8bn. A final investment decision is expected in 2010 and construction should begin in 2011. “The mo...
Volume: 52Issue: 45Published at Mon, 09 Nov 2009 -
Economic Outlook Positive But Private Investment Low, Economists Say
...owth at 3.6% and 4.7% in 2010 and 2011, according to its base case estimates, amid rising oil production, stronger domestic demand on the back of the government’s expansionary fiscal and monetary policy, and a gradual resumption of credit growth. Morgan Stanley also expects inflation to de...
Volume: 52Issue: 45Published at Mon, 09 Nov 2009 -
Somali PM Announces Piracy Eradication Effort
...Middle East Economic Survey VOL. LII No 45 9-Nov-2009 SOMALIA Somali PM Announces Piracy Eradication Effort The Prime Minister of the Transitional Federal Government (TFG) of Somalia, 'Umar 'Abd al-Rashid 'Ali Sharmarke, has announced a plan to eradicate Somali piracy by 2011...
Volume: 52Issue: 45Published at Mon, 09 Nov 2009 -
The Rush For Oil: Iraq’s Oil Capacity Potential And Regional Geopolitics
...oduction increments would come from the improved production rates in the producing field and the first commercial production in the green fields in 2011 and considerable capacity additions would be achieved by 2013. However, by 2016 and 2017 all fields will be hitting their production plateau target. The th...
Volume: 52Issue: 45Published at Mon, 09 Nov 2009 -
Qatar Rolls Out The LNG Mega-Trains
...the $12-18bn range given when the project was launched in 2006. Construction is 70% complete, says the QP source. “But it is not linear, the last 30% is going to be the hardest,” he says. Shell had hoped for start-up by late 2010, but this is believed to have slipped into early 2011, says the so...
Volume: 52Issue: 44Published at Mon, 02 Nov 2009 -
Italy’s Bonatti Awarded $150Mn El-Merk Pipeline Contract
...pected to come on-stream in late 2011 or early 2012 with output capacities of 135,000 b/d of crude oil, 150,000 b/d of condensate and 30,000 b/d of LPG (MEES, 10 August)....
Volume: 52Issue: 44Published at Mon, 02 Nov 2009 -
Iran Threatens To Replace Sofregaz On Varamin Project
...cently expressed an interest in the project. These companies include Germany’s KBB, Russia’s Stroytransgaz and Poland’s POGC. The Yort-e-Shah gas storage facility had been expected to start operations in 2011. The natural gas storage facility in the city of Varamin, 70km southwest of Tehran, will ha...
Volume: 52Issue: 44Published at Mon, 02 Nov 2009 -
Hanwha Wins Contract For Samra Power Plant Expansion
...ung Kim at the signing ceremony, which was attended by Jordan’s Minister of Energy and Mineral Resources Khaldun Qutaishat. The project, expected to be completed by 2011, should help address the kingdom’s growing electricity demands....
Volume: 52Issue: 44Published at Mon, 02 Nov 2009