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Pakistani President Reaffirms Commitment To Iran-Pakistan Gas Pipeline
...s government was committed to complete its part of the 7.8 bcm/year capacity pipeline by 2014. In related news National Iranian Gas Company (NIGC) director of gas distribution Mostafa Sheikh Bahaie told reporters on 5 June that the Iranian component of the Iran-Pakistan pipeline was almost 75% co...
Volume: 55Issue: 24Published at Mon, 11 Jun 2012 -
Bahrain Narrows In On Preferred Bidders For LNG Import Terminal
...mpany, Nogaholding, told MEES. The tender board, which meets weekly, will then decide whether to approve the choice, and if it does the results will be published. The tender specifies the import of LNG equivalent to 400-800mn cfd of gas for 15 years starting in 2014. Like the other Gulf countries, with th...
Volume: 55Issue: 23Published at Mon, 04 Jun 2012 -
Saudi Aramco Steps On The Gas
...gnificant for gas will be the start-up of the offshore 1.3bn cfd Hasbah and 1.2bn cfd Arabiyah non-associated fields in 2014 to feed the Wasit gas plant, currently under construction. Ordinary supply of 2.5bn cfd will produce 1.75bn cfd of sales gas and can be augmented to 3.05bn cfd in peak summer demand mo...
Volume: 55Issue: 23Published at Mon, 04 Jun 2012 -
IMF Estimates UAE Real GDP Growth In 2011 At 4.9%
...debtedness, refinancing needs and reliance on foreign funding remain high, with about $30bn of GRE debt maturing this year and significant amount of debt falling due in 2014-15, the IMF added. The IMF executive directors welcomed the continued economic recovery and favorable near term outlook, but at...
Volume: 55Issue: 22Published at Mon, 28 May 2012 -
Saudi Arabia Heads Donors Pledging $4Bn In Aid To Yemen
...itial $2.17bn to help stabilize the country, fight militant attacks and ease a humanitarian crisis. It also requires a further $5.8bn in the future to develop the economy and national infrastructure, with about $3.7bn needed by 2014. Another donors’ meeting specifically aimed at the aid pledges is to be he...
Volume: 55Issue: 22Published at Mon, 28 May 2012 -
POGC Announces Plan To Revive North Pars/LNG Development
...velopment by domestic contractors will be made in the next Iranian year and project execution will start in early 2014.” ...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
Qatar Revives Plans For 120,000 B/D Tunisian Refinery
...tari counterparts, said that the project was slated to “get underway at the end of 2012,” to enter service in 2014 or 2015, and that the initial 120,000 b/d capacity would later be expanded to 250,000 b/d. ...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
International Oil Firms Flock To Abu Dhabi
...UAE International Oil Firms Flock To Abu Dhabi Abu Dhabi is emerging as the premier investment upstream investment opportunity in the Gulf region. Media scrutiny has been on potential new partners for the 1.4mn b/d ADCO fields, whose concession expires in January 2014. But recent up...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
Mubadala And IPIC Seek Financial Advisor For Fujairah LNG Regasification Terminal
...ready been meetings with banks and an advisor is expected to be appointed sometime soon. “If they want to get the terminal ready in 2014, they will need to appoint an advisor and have financial close very quickly,” said one expert. Ideally they should approach banks for project financing sometime this ye...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
Socar Turkey Buys Additional 10% In Petkim
...d petrochemical plant in Izmir Aliaga on the country’s west coast. The facility is expected to use Azeri crude supplied through the Ceyhan terminal and come into operation in 2014. It will be located next to Petkim’s existing petrochemical facility and supply feedstock to Petkim and refined oil pr...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Dubai Power Plans In Flux, Abu Dhabi Approves Another IWPP
...ter and Electricity Company’s (ADWEC’s) most recent forecasts published in March this year put Abu Dhabi’s peak demand at 10.084gw this year, versus 9.749gw last year. This is expected to climb to 12.265gw in 2013, 12.803gw in 2014, and 13.66gw by 2015. ADNOC accounted for just 6% of ADWEC’s 2011 el...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Abu Dhabi Launches Bab Sour Gas Project
...the summer of 2014 while it develops its gas fields, including Shah, which will ramp up to 500mn cfd of sales gas by the end of 2015. Shah and Bab were originally planned to start up in 2012....
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
MOL To Sell Nabucco Shares, BEH Uncertain Over Project’s Future
...lgaria (ITB) redundant. Regarding Nabucco, Bulgaria’s Minister of Energy Delyan Dobrev told BNR radio on 28 April that the signing of a memorandum of understanding (MOU) with Azerbaijan increased Bulgaria’s chances of receiving gas by 2014, noting that Bulgaria succeeded in “committing them [Az...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
TPAO Begins Drilling Well In Northern Cyprus
...th the assistance of the under-secretariat. Mr Yildiz said the ship will be equipped with the latest technology and will be used for 2D and 3D seismic exploration. It is scheduled to be delivered to the MTA in 2014. Turkey has only one seismic research vessel, the ageing Piri Reis, which was sent in...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
TransGlobe Looks To Egyptian Future With Western Desert Expansion
...anted July 2011, first oil expected mid-2012 (c.1,000 b/d). Exploration permit for remainder of block expires June 2014. South Alamein** W Desert 100% (op) 0 0 **0-...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
IOEC Expanding Forouzan As Iran Focuses On Shared Fields Development
...ran onshore field, which extends into Iraq. NIOC estimates that Yaran has 1.1bn barrels of oil in place and could produce 20,000-25,000 b/d over a 24-year period. A first phase of development to give production capacity of 12,000 b/d by the end of March 2014 is expected to cost $600-700mn. Pe...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Pedec Awards Tadbir Energy Contract For Phase 2 Of Mansouri Development
...pected to begin in 2014. Phase 1 capacity is 100,000 b/d and production began in 2007. ...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
TransGlobe Targets Egyptian Growth Despite Delayed Payments
...ly 2011, first oil expected mid-2012 (800-1,200 b/d). Exploration permit expires June 2014. **South Alamein W Desert 50% (op)**, El Paso 50% 0 0 0** 20...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
Turkey And India Eyeing Qatari LNG
...r year to India in 2004, and a further 3.7 bcm/y beginning in January 2010. India is also set to purchase around 2 bcm/y of LNG from the $36.8bn Australian Gorgon project, beginning in 2014. Turkey And India LNG Imports In 2010 Turkey In...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
Dow Seeks Local Partner For New Coatings Plant
...nstructed in Jubail Industrial City, to be operational in 2014. It will be located next to the $20bn Sadara 3mn tons/year integrated petrochemical project which is being implemented by Dow and Saudi Aramco (MEES, 2 April). The spokesperson said that at this stage it is too early to say conclusively whether an...
Volume: 55Issue: 15Published at Mon, 09 Apr 2012