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Qatar Inaugurates First LNG ‘Mega-Train’ As Technical Issues Persist
...t now expected until summer. If this goes ahead, start-up is not expected much before 2014. QP is also taking another look at costs at ExxonMobil’s 1.5bn cfd Barzan gas development, which was to supply gas for domestic power generation and desalination plants. This has now been delayed by at le...
Volume: 52Issue: 15Published at Mon, 13 Apr 2009 -
Moody’s Rates Qatar’s $3Bn Bond Issuance At Aa2
...vernment of Qatar’s existing issuer ratings are also Aa2 with a stable outlook. The total size of the bond issuance was $3bn, split into two tranches: a $2bn tranche maturing in 2014 and a $1bn tranche maturing in 2019. The proceeds from the bonds will be used for general funding, including the pr...
Volume: 52Issue: 15Published at Mon, 13 Apr 2009 -
Saudi Aramco Looks To Implement PETRORabigh II Amid Downstream Go-Slow
...raxylene feedstock from the aromatics complex. A propylene unit will utilize ethylene and a mixed C4 stream, and will also supply the derivatives units. Once the project gets final approval, construction should begin in 2011 with start-up due in 2014....
Volume: 52Issue: 15Published at Mon, 13 Apr 2009 -
Abu Dhabi Launches $10Bn Global Note Program
...oup. Abu Dhabi is using a phased approach, and the initial note offering last week was two tranches of $1.5bn, one maturing in 2014, priced at 400 bps over treasuries and the other in 2019, priced at 420 bps over treasuries. Moody’s estimates that the total envisaged size of the program is $10bn. ME...
Volume: 52Issue: 14Published at Mon, 06 Apr 2009 -
Gulf Refinery Construction Costs Slide
...nuary) although given the big shift in the EPC market and possible changes in the project’s scope, it would be premature to pin down a figure, said Mr 'Ajmi. The CFP plans envisage commissioning in 2014, and will allow Kuwait to meet strict European sulfur standards for diesel and gasoline through to 20...
Volume: 52Issue: 13Published at Mon, 30 Mar 2009 -
Oman Sidesteps Gas Crunch As Liquids Output Rises
...cure until 2013. But economic slowdown and greater efficiency in gas usage, with savings estimated at 7-10%, has given the country some breathing space. “I would say that we have at least until 2014-15 before we have a problem,” says a ministry source. The expiry at the end of this year of BP’s co...
Volume: 52Issue: 13Published at Mon, 30 Mar 2009 -
Saipem Extends Drilling Contract At WDDM To 2014, Targets Water Depths Of 1,100Ms
...Middle East Economic Survey VOL. LII No 13 30-Mar-2009 EGYPT Saipem Extends Drilling Contract At WDDM To 2014, Targets Water Depths Of 1,100Ms Saipem has extended its contract to drill in Egypt’s Mediterranean deep offshore, on behalf of the Burullus Gas Company, as far out as...
Volume: 52Issue: 13Published at Mon, 30 Mar 2009 -
Ruwais Refinery FEED Set For Completion In June
...stall a base oil production facility, which is also at the FEED stage, he said. The new Ruwais refinery will be commissioned in early 2014, and is not a replication of the original, but a side-by-side design, MEES understands. While Takreer has not given a cost estimate, experts put the new refinery’s pr...
Volume: 52Issue: 13Published at Mon, 30 Mar 2009 -
US Confirms Azeri-Turkish Impasse On Gas Transit Talks
...ternational Operating Company (AIOC) partners. Otherwise, he said, “Nabucco could become operational by 2014.” Other recent developments in the Caspian and Black Sea regions include: Gazprom’s Deputy Executive Director Alexander Medvedev told Vesti TV on 16 March that the Russian firm had turned do...
Volume: 52Issue: 12Published at Mon, 23 Mar 2009 -
Shah Deniz Phase 2 Development Could Be Delayed By Transit Talks
...erbaijan “subject to commercialization being in place,” according to a 12 March Platts report. The report cited a BP source as saying that “this is not a delay due to the economic crisis, this is due to the impasse on transit terms. It’s pretty well impossible to come online in 2014.” BP and Shah Deniz co...
Volume: 52Issue: 12Published at Mon, 23 Mar 2009 -
Banks Await Award Of Tacaamol Financial Advisory Mandate
...uster. The port, which is one of the central pillars of Abu Dhabi’s envisioned development through to 2030 (MEES, 12 January), is set to be operational by the end of 2010. The first Chemaweyaat complex, Tacaamol, is estimated to cost around $10bn and set to begin production in 2014, with exports of mo...
Volume: 52Issue: 12Published at Mon, 23 Mar 2009 -
Saudi Aramco Looks To Gulf Offshore For Gas Boost
...oved disappointing, and with associated gas output likely to be capped by OPEC production restraints for some time, the company has sought a remedy. Details on the projects are sketchy, but they are included in Saudi Aramco’s latest five-year plan to 2014 and will provide around 1.8bn cfd, MEES un...
Volume: 52Issue: 10Published at Mon, 09 Mar 2009 -
Tunisia Calls For Bids To Build Two 350-500MW Power Plants
...n-operate (BOO) basis, of a combined cycle 350-500mw power plant at Bizerte in northern Tunisia. The development program envisages the power station coming on-stream in 2014, with the option of a second phase, doubling the plant’s capacity. The contract would be awarded to a private company on a 20...
Volume: 52Issue: 05Published at Mon, 02 Feb 2009 -
Abu Dhabi Aims For Oil/Non-Oil GDP Equilibrium
...Middle East Economic Survey VOL. LII No 2 12-Jan-2009 UAE Abu Dhabi Aims For Oil/Non-Oil GDP Equilibrium Abu Dhabi is seeking to increase the non-oil sector’s contribution to its gross domestic product (GDP), reaching equilibrium with oil GDP in 2014-16 (see table) and ai...
Volume: 52Issue: 02Published at Mon, 12 Jan 2009 -
CNPC Seeks Expanded Interests In Kazakhstan Through MMG Acquisition
...2014 via the China-Turkmenistan Central Asian Gas Corridor, which is expected to become operational by late 2009 with an initial transit capacity of 4.5 bcm/year....
Volume: 51Issue: 50Published at Mon, 15 Dec 2008 -
HSBC Awarded Financial Advisory Mandate For ZORCO Refinery Project
...nimal fuel oil production. It is due for completion in 2014. The agreement with Foster Wheeler represents something of a breakthrough for Libya. The oil-rich North African country has been seeking to expand and upgrade its derelict refining sector for many years, and the establishment of Libya’s so...
Volume: 51Issue: 50Published at Mon, 15 Dec 2008 -
Condensate’s Growing Impact On Petrochemical And Transport Fuel Markets
...oduction will remain range-bound at 105,000-115,000 b/d, until 2014-16. It is unclear whether Malaysia’s policy of limiting exports will remain unchanged when faced with another surge in new condensate output likely post-2016. Singapore’s use of condensate has steadily risen since the mid-1990s, on in...
Volume: 51Issue: 48Published at Mon, 01 Dec 2008 -
Sonatrach’s Refining Plans Show Signs Of Progress, Even As Timing Slips
...ded that he expected the EPC tender to be held in July or August of next year. Official reports published in July quoted the minister saying he expected the Tiaret refinery to be commissioned in 2014, representing a year’s slippage. One Step Forward, One Step Sideways There are signs of pr...
Volume: 51Issue: 47Published at Mon, 24 Nov 2008 -
Libya’s Oil Development Plans Gather Pace, IOCs Outline EOR Projects
...ha Sirte 350,000 600,000 2014 Verenex* Area 47 Ghadames n/a 50,000 2011 To...
Volume: 51Issue: 46Published at Mon, 17 Nov 2008 -
Iran’s Oil Production Not Expected To Increase Medium-Term, Says FACTS
...12) 185 (2014-15) Jufeyr Belarusneft 15 (2009-10) 25 (2011-12) Paranj Not Yet Decided 50 (2013-14) No Phase 2 Darquain Phase 3 Eni (Likely) 100 (20...
Volume: 51Issue: 46Published at Mon, 17 Nov 2008