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Naimi Assesses International And Saudi Energy Prospects
...ojects around 2014 or earlier than that? AN: Earlier than that, probably 2012. We are continuously looking every year at two things: what we need to do to maintain our capacity today, which requires two thirds of the dollar; and we also look at our production capacity compared to what we think the ca...
Volume: 53Issue: 24Published at Mon, 14 Jun 2010 -
Cash Shortage Delays Iran Gas Pipeline, Pakistan Pursuing LNG Imports
...nally signed a deal to build a 2,150km pipeline to supply Iranian gas to Pakistan. But Pakistan cannot find the $1.65bn it needs to build its part of the project. They signed the 25-year deal on 28 May to pump 750mn cfd of gas from the South Pars field to Pakistan by the end of 2014, with the option of in...
Volume: 53Issue: 23Published at Mon, 07 Jun 2010 -
NITC Orders Six LNG Carriers From China
...livery between 2014 and 2015. Announcing the deal, NITC’s managing director Mohammad Souri said that his company usually bought South Korean vessels, but has judged this time that the Chinese offer was better. Iran shares the vast South Pars gas field with Qatar, but unlike its neighbor it has not st...
Volume: 53Issue: 23Published at Mon, 07 Jun 2010 -
Independents Growing In Importance For Gulf Oil And Gas Developments
...ip Iraqi gas to Europe through Turkey via the proposed 3,300km Nabucco pipeline by 2014. Dana’s willingness to enter a high-risk environment, however, can backfire – Iran refuses to supply 600mn cfd of gas to the UAE via a pipeline it built with Dana, as it wants a price higher than that agreed in 20...
Volume: 53Issue: 22Published at Mon, 31 May 2010 -
Abu Dhabi Going Solo To Develop Shah Ultra-Sour Gas
...Ls, which would offset the cost of handling H2S. However, Shah’s 50,000 b/d of condensate and 51,000 b/d of other NGLs will make it profitable. Meanwhile, the 1bn cfd integrated gas development (IGD) project start-up has been delayed by three years to 2014, due to contractor hold-ups. It will bring ga...
Volume: 53Issue: 20Published at Mon, 17 May 2010 -
QP Abandons Planned Al-Shaheen Refinery Project
...rubeni share the remaining 9%. Qatar’s condensate downstream expansion is predicated on absorbing rising condensate production, which will hit 750,000 b/d in 2014, when the ExxonMobil-led 1.5bn cfd Barzan project – the final portion in Qatar’s current upstream gas expansion – comes on stream (MEES, 14 De...
Volume: 53Issue: 20Published at Mon, 17 May 2010 -
RWE Expects Delay In Gas Supply Agreement With Turkmenistan
...niz Stage 2, BP has informed MEES that a final decision to sanction the project is expected to be made during the second quarter and that first gas is not scheduled to manifest until 2016. Nabucco is due to come into operation in 2014 (MEES, 3 May). BP heads the Shah Deniz consortium as well as the SC...
Volume: 53Issue: 19Published at Mon, 10 May 2010 -
Lukoil Renews Cooperation Agreement With Astrakhan Region
...d Surgutneftegas also use the 1,510km pipeline, the capacity of which is due to be expanded to 67mn tons/year (1.34mn b/d) in 2014 (MEES, 12 April). BP Azerbaijan on 6 May said crude oil production in the offshore Azer-Chirag-Guneshli (ACG) oilfields totaled 9.7mn tons during the first qu...
Volume: 53Issue: 19Published at Mon, 10 May 2010 -
Ma'aden Awards Contracts For Ras Al-Zour Aluminum Project
...gineering and infrastructure supervision services at the site. The smelter and rolling mill will be built during a first phase of development, with first production anticipated by 2013, while the mine and refinery are set to be completed by December 2014. Ma'aden and Alcoa and announced their joint venture ag...
Volume: 53Issue: 19Published at Mon, 10 May 2010 -
Surging Demand Threatens Middle East Exports
...ursaniyah (1bn cfd, 2010), Karan (1.8bn cfd, in stages during 2011-13) and the Wasit Gas Plant (2.5bn cfd, 2014), Mr Falih said. Sales gas capacity will increase from 7bn cfd to 9.3bn cfd by 2015. Ethane production capacity will rise from 800mn cfd to 1.2bn cfd, while NGL production capacity will grow from 93...
Volume: 53Issue: 18Published at Mon, 03 May 2010 -
Nabucco Launches Prequalification Process For Long Lead Items
...nsortium plans to make a final investment decision on the €7.9bn project during the fourth quarter of this year. Construction is scheduled to begin at the end of 2011 and first flow is due in 2014 with an initial throughput of 8-10 bcm/year. Full capacity of 31 bcm/y is expected to be reached in 2018. A st...
Volume: 53Issue: 18Published at Mon, 03 May 2010 -
Turkey And Azerbaijan Reach Agreement On Gas Purchase And Transit
...ansport 31 bcm/year of Caspian/Middle East gas to Europe, beginning in 2014. Also competing for Shah Deniz Stage 2 gas are the interconnector pipeline systems – Interconnector-Turkey-Greece-Italy (ITGI) and Interconnector-Greece-Bulgaria (IGB) and the Trans Adriatic Pipeline (TAP), which is also looking to...
Volume: 53Issue: 18Published at Mon, 03 May 2010 -
ERC Seeks Remaining Funding For Musturud Refinery
...grading is being implemented as a lump sum turnkey (LSTK) contract. Completion is planned for 2014. It had originally been scheduled for 2011, and costs were pegged at $2.25bn (MEES, 30 June 2008). But the project financing for the refinery was slowed down by the financial crisis, and underwent al...
Volume: 53Issue: 18Published at Mon, 03 May 2010 -
Al Bou Kamal Producing 1,000 B/D From South Kishma
...000 b/d of crude from the South Kishma oil field in Block 27, the Syrian official news agency SANA reported on 25 April. The company plans to raise production capacity to 5,000 b/d by 2014. Both the South Kishma-101 and South Kishma-2 wells are nearing completion, and a total of eight wells are scheduled fo...
Volume: 53Issue: 18Published at Mon, 03 May 2010 -
IMF Calls For More Broad-Based Reforms In Egypt
...prevent the build-up of inflationary momentum should it fail to abate as rapidly as the authorities expect. Planned broad-based reforms, particularly those aimed at fiscal consolidation, are seen as key to the authorities’ objective of reducing the fiscal deficit to about 3% by 2014-15. “In...
Volume: 53Issue: 17Published at Mon, 26 Apr 2010 -
Black Sea LNG Plan Offers Alternative For Azerbaijani Gas Supply To Europe
...s transport projects to Europe are complimentary.” He also stated that the AGRI project might be ready before the Nabucco pipeline, which is due to come into operation in 2014-15. The AGRI concept has been under study for some time by the countries involved, and it has been acknowledge that a pr...
Volume: 53Issue: 16Published at Mon, 19 Apr 2010 -
RWE Opens Office In Ashgabat, Moves Ahead With Offshore Block 23
...st $32.2bn. The giant field is to come on stream in 2014 at a rate of 370,000 b/d. It will reach peak output of 1.5mn b/d around the end of the decade. Kazakhstan’s KazMunaiGaz (KMG) is considering borrowing $2bn this year, Bloomberg reported on 9 April. The company plans to invest $4.3bn during 20...
Volume: 53Issue: 16Published at Mon, 19 Apr 2010 -
Tatneft Begins Oil Production In Syria’s South Kishma Field
...cond quarter, with the development budget for the year at $15mn (MEES, 15 February). Another eight wells are projected for completion by 2014, when production from the field is expected to reach 4,500-5,000 b/d. South Kishma lies in the southeastern Deir Ez-Zor province on the border with Iraq and ha...
Volume: 53Issue: 16Published at Mon, 19 Apr 2010 -
Condensate Expansion East Of Suez Boosted By Increased Gas Development
...tlook, 2010-15 ('000 B/D) 2010 2011 2012 2013 2014 2015 Iran 624 686 729 783 807 873 Iraq 92 142 167 219 285 319 Kuwait 87 92 105 110 114 11...
Volume: 53Issue: 16Published at Mon, 19 Apr 2010 -
Russia’s Transneft Claims Bulgaria Delaying Burgas-Alexandroupolis Pipeline Project
...34mn b/d) with completion due in 2014 (MEES, 11 January). KazMunaiGaz Trade House, a subsidiary of Kazakhstan’s state-owned oil and gas company, KazMunaiGaz, will seek to sell crude oil to North American and China by 2015, General Director Daniyar Belibyaev said on 1 April, according to In...
Volume: 53Issue: 15Published at Mon, 12 Apr 2010