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Albu-Kamal Petroleum Company Outlines Block 27 Plans
...d drill four more wells in the second quarter. Later the company plans to drill eight production and development wells at the field and maximum production is expected to rise to 4,500-5,000 b/d by 2014. The development budget for 2010 is put at $15mn. Tatneft signed a production sharing contract (PS...
Volume: 53Issue: 07Published at Mon, 15 Feb 2010 -
Bulgaria Ratifies Nabucco Agreement, Hungary Gets Serious On South Stream
...reed to expand the pipeline’s capacity to 67mn tons/year (1.34mn b/d), with completion due in 2014 (MEES, 11 January). China expects natural gas deliveries from Turkmenistan through the newly-opened Trans Asia Gas Pipeline to reach 5.8 bcm during 2010. The 1,800km dual pipeline was inaugurated in De...
Volume: 53Issue: 06Published at Mon, 08 Feb 2010 -
A Tentative Forecast For Iraq’s Oil Production 2010-20
...enario is indicative: Iraqi Oil Production (Mn B\D) 2010 2011 2012 2013 2014 2015 2016 2.7 3.0 3.5 4.0 4.5 5.5 7.8 These figures are based on achieving the plateaus in the giant fields in the first licensing round as we...
Volume: 53Issue: 06Published at Mon, 08 Feb 2010 -
North Africa’s Largest Project Financing Eyes Finishing Line
...TK) contract and is scheduled for completion in 2014 (MEES, 24 August 2009). It was originally due on stream in 2011 at a cost of $2.25bn (MEES, 26 January 2009, 30 June 2008)....
Volume: 53Issue: 05Published at Mon, 01 Feb 2010 -
EU Strengthens Southern Gas Corridor Plan With Iraq MOU
...gin initial deliveries of around 8 bcm/year in 2014. The 3,300km pipeline will have a capacity to deliver 31 bcm/y and is hoping to secure gas supplies from Azerbaijan and Iraq. Eventually supplies may come from Egypt and possibly Turkmenistan. Azerbaijan has stated it intends to supply Nabucco, pr...
Volume: 53Issue: 05Published at Mon, 01 Feb 2010 -
Gazprom To Buy 2 BCM Of Azerbaijani Gas In 2011
...purchasing as much Azerbaijani gas as possible is seen as a political move designed to pre-empt Azerbaijani gas sales to the EU-backed Nabucco gas pipeline, which is hoping to secure gas supplies from Azerbaijan’s offshore Shah Deniz contract when Stage 2 comes into operation in 2014-15. St...
Volume: 53Issue: 05Published at Mon, 01 Feb 2010 -
Erdogan Supports Qatari Gas Pipeline To Turkey
...nsideration. Other recent developments in Turkey include: Hurriyet Daily News has reported that Socar and Turcas Refining, which owns Petkim Petrokimya Holding (Petkim), is to build a 10mn tons/year refinery at the Petkim Aliaga Complex in Izmir and have it in operation by 2014. The new plant is to...
Volume: 53Issue: 05Published at Mon, 01 Feb 2010 -
Saudi Aramco Takes Central Role Downstream
...port Refinery ConocoPhillips, Saudi Aramco 400 2014 Jazan Saudi Aramco 400 2015 Ras Tanura Expansion Saudi Aramco 50 2015 East Coast Refinery Saudi Aramco 40...
Volume: 53Issue: 04Published at Mon, 25 Jan 2010 -
Azerbaijan Plans Gas Production Boost, More Exports In 2010
...sfield, which is nearing Stage 1 completion and producing 22-23mn cmd (8-8.4 bcm/y). Stage 2 development is expected to be completed in around 2014 and result in output doubling to 16 bcm/y. Shah Deniz reserves are estimated at 1.2 tcm. The EU and US backed Nabucco Gas Pipeline project is keen to se...
Volume: 53Issue: 03Published at Mon, 18 Jan 2010 -
Naftogaz Default Threat Warning By Ukraine Energy Official
...oject be completed in 2014 (MEES, 11 January). Throughput is expected to remain at current rate until the expansion is complete. Turkmenistan resumed gas supplies to Russia on 9 January at a rate of 10 bcm/year following a meeting in late December between Turkmen President Gurbanguli Be...
Volume: 53Issue: 03Published at Mon, 18 Jan 2010 -
SEC Continues To Evaluate Bids For Riyadh PP11 IPP
...ficial launch to potential developers mid-year. This would become operational in 2014 and produce 2gw. This month SEC awarded an SR1.08bn ($288mn) contract to Arabian Bemco Contracting Company to expand a plant in Qassim, an agricultural region in the center of Saudi Arabia, said state news agency SP...
Volume: 53Issue: 03Published at Mon, 18 Jan 2010 -
Iraq’s TSC And PSC Agreements – A Good Deal For Iraq?
...reach production parity with Iran around 2014. After that, OPEC constraints are likely to peg Iraq’s production to that of Iran until 2019 or 2018 in the most likely or high cases for ‘call-on-OPEC’ respectively. Therefore, the call on Iraq’s crude oil production is forecast to be limited to 4-...
Volume: 53Issue: 03Published at Mon, 18 Jan 2010 -
CPC Shareholders Approve Pipeline Expansion To 67Mn Tons/Year
...cember approved the long-proposed capacity expansion of the CPC oil pipeline during a gathering in Moscow of the CPC-R Board of Directors and CPC-K Extraordinary General Shareholders. Implementation of the plan to boost the 1,510km pipeline’s capacity to 67mn tons/year (1.34mn b/d) by 2014 is to be...
Volume: 53Issue: 02Published at Mon, 11 Jan 2010 -
Ma'aden And Alcoa In Joint Venture For Aluminum Complex In Saudi Arabia
...th the rolling mill and smelter in the first phase. First production from the smelter and rolling mill is anticipated in 2013 and first production from the mine and refinery is expected in 2014. A Ma'aden statement estimated capital investment at approximately SR40.5bn ($10.8bn), subject to the co...
Volume: 53Issue: 01Published at Mon, 04 Jan 2010 -
IEA Revises 2010 Oil Demand Growth Forecast Upward By 130,000 B/D
...rket Report (MTOMR), it said (MEES, 6 July). “Global oil product demand is seen growing by 1.4% or 1.2mn b/d per year on average between 2009 and 2014, from 84.9mn b/d to 90.9mn b/d, with non-OECD demand accounting for more than half of global demand for the first time ever by mid-decade,” the re...
Volume: 52Issue: 51/52Published at Mon, 28 Dec 2009 -
Doha Rules Out New Gas Export Projects Post-Moratorium
...Middle East Economic Survey VOL. LII No 50 14-Dec-2009 Doha Rules Out New Gas Export Projects Post-Moratorium Qatar on 7 December gave its clearest message yet surrounding gas policy when it reviews its moratorium on new projects in 2014. Absolutely no new grassroots gas export pr...
Volume: 52Issue: 50Published at Mon, 14 Dec 2009 -
RWE Sees Gas Supply Agreement With Turkmenistan In 1H10
...pacity booking will get under way during the first half of 2010. Half of the pipeline’s capacity will be reserved for third-party shippers. Partners are looking for Nabucco to become operational with initial shipments of gas from Iraq or Azerbaijan in 2014-15 (MEES, 30 November, 9 November, 12 Oc...
Volume: 52Issue: 50Published at Mon, 14 Dec 2009 -
Libya Delays Plans To Raise Production Capacity To 3Mn B/D Until 2017
...iro that gas production has recently doubled to over10 bcm/year from 5.4 bcm/y in 2005. Since 2007 NOC has signed a number of development agreements with partners to raise output from the development of existing oil fields, but many of these plans are not likely to be completed until 2014 at th...
Volume: 52Issue: 50Published at Mon, 14 Dec 2009 -
OMV Chief Says Nabucco Timetable “Very Ambitious”
...cision by late 2010 and a start to construction work in 2011 to allow gas deliveries via Turkey by 2014, “is very ambitions and to some extent out of our control.” OMV is leading the Nabucco project, but Mr Ruttenstorfer appeared keen to tone down recent optimism about the availability of gas from Az...
Volume: 52Issue: 49Published at Mon, 07 Dec 2009 -
Looming Gas Glut And Upstream Constraints Hamper North African Export Plans
...a conference in Cagliari last week that the project was now expected to start up in 2014, with delays caused by the authorization process taking longer than planned. When the intergovernmental agreement between the two countries was signed two years ago, the project’s envisaged start up date was Ma...
Volume: 52Issue: 48Published at Mon, 30 Nov 2009