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CPC Pipeline Shipping Over 500,000 B/D, Says Consortium
...orage tanks and a third offshore mooring facility. The expansion program had originally been envisaged as being completed in 2014, but officials are beginning to suggest that the plan could be finished by 2008. Moscow has occasionally grumbled about declaring the pipeline a national monopoly be...
Volume: 47Issue: 38Published at Mon, 20 Sep 2004 -
The High Capital Cost Of Incremental Saudi Crude Capacity
...port said. “To justify this incremental investment and to generate a rate of return 15% or above, Saudi will require oil prices of at least $16/B on a stand alone basis or $29/B real if the incremental cash flow from the new fields were used out to 2014, when production would fall back to current le...
Volume: 47Issue: 32Published at Mon, 09 Aug 2004 -
BMA To Launch $106Mn Dinar-Denominated Ijara Sukuk
...ture on 20 July 2014. It will give a return of 5.125%, to be paid twice a year, on 20 January and 20 July. The BMA is receiving subscriptions for the sukuk from 11 July until 18 July with the minimum subscription set at BD10,000 ($26,525). Subscription is open to all commercial banks and na...
Volume: 47Issue: 29Published at Mon, 19 Jul 2004 -
Iraq: Sustainability Of Debt Service And Reparations Payments
...% in 2005 to 13% in 2009. In 2010 it jumps to 27% after principal payment is added to the interest payment, which would have started in 2005. The ratio declines to 24% in 2014, (Table 4). If 25% is taken as a yardstick over which the burden becomes heavy then debt service seems largely tolerable ev...
Volume: 47Issue: 28Published at Mon, 12 Jul 2004 -
Moody’s Assigns Baa3 Rating To BankMuscat Bond Issue
...Middle East Economic Survey VOL. XLVII No 24 14-June-2004 RATINGS Moody’s Assigns Baa3 Rating To BankMuscat Bond Issue Ratings agency Moody’s on 9 June assigned a Baa3 long-term domestic currency debt rating to the BankMuscat’s Omani Rial senior fixed rate bonds due on 30 June 2014...
Volume: 47Issue: 24Published at Mon, 14 Jun 2004 -
Qatar And Iran Outline GTL Plans At London Conference
...r 2014 was 731,000 b/d of GTL products plus base oils. The plants would be sited at Ras Laffan, where there would be synergy from shared utilities. QP was said to be close to completing negotiations with an international company to build a central oxygen plant at the complex. Other synergies wo...
Volume: 47Issue: 21Published at Mon, 24 May 2004 -
Ex-Soviet Oil Exports: Are the Russians Really Coming?
...en for the future. Meanwhile, the CPC capacities are to be increased from the current 480,000 b/d to 1.06mn b/d in 2006 and 1.42mn b/d by 2014. This will require additional investment of $1-1.3bn, including $250-300mn due to be provided by Russia. And the Russian government, which has a 24% stake in...
Volume: 47Issue: 04Published at Mon, 26 Jan 2004 -
S&P Affirms Qatar’s RasGas Credit Ratings
...VOL. XLVII No 03 19-January-2004 RATINGS S&P Affirms Qatar’s RasGas Credit Ratings Ratings agency Standard and Poor’s (S&P) on 6 January affirmed its BBB+ rating for Ras Laffan Liquified Natural Gas Company’s (RasGas) $800mn bonds (priced at 8.29%) which fall due on 15 March 2014, an...
Volume: 47Issue: 03Published at Mon, 19 Jan 2004 -
Japan Reschedules $202Mn Of Jordan’s Debt
...cording to Japanese Ambassador to Jordan Koichi Obata, the amount will be repaid instead by December 2023 with a long-term grace period and at a reduced rate of interest. Official development aid totaling $119mn in principle and interest will be repaid over 10 years beginning in June 2014, while the re...
Volume: 46Issue: 26Published at Mon, 30 Jun 2003 -
India LNG Secures $283Mn Syndicated Term Loan
...e each providing $15mn. The margin on the loan, which matures on 3 July 2014, is 230 bps over Libor. It is now going to general syndication and should be disbursed over the next month. The loan is a landmark since it represents the single largest limited recourse financing ever completed for LNG ca...
Volume: 45Issue: 35Published at Mon, 02 Sep 2002 -
Engineering Consultancy Awarded For Merowe Hydro Project
...der consideration could bring an additional 763mw of generating capacity online in the period to 2010 (see tables). According to government figures, power demand expressed in tons of oil equivalent (toe) is expected to rise to 342toe in 2002, 442toe in 2005, 794toe in 2010 and 1,309toe in 2014. Su...
Volume: 45Issue: 22Published at Mon, 03 Jun 2002 -
Existing Caspian Discoveries Could Produce 2.8-3.8Mn B/D By 2015, Says Wood Mackenzie
...to consideration, the overall Caspian profile has a risked peak production of 2.8mn b/d in 2014 compared with 4mn b/d in the unrisked case. “The significant difference between the unrisked and risk profiles represents the loss due to exploration failure or delays as a result of technical or market-re...
Volume: 45Issue: 19Published at Mon, 13 May 2002 -
New Forces In The International LNG Market: Consequences For Middle East LNG Exporters
...ar 2014,” held on 17 February in Tehran, Iran. Mr Frisch, a Norwegian chartered engineer and economist, has worked over the past 30 years with Statoil, Phillips Petroleum and Mobil. He established the British-based consultancy Morten Frisch Consulting (MFC) in 1990, and was appointed a senior adviser to...
Volume: 45Issue: 13Published at Mon, 01 Apr 2002 -
Importing Water From Iran Would Lead To Higher Consumer Prices, Parliament Hears
...quirements in 2001 totaled 266mn gallons/day, and are expected to rise to 477mn g/d in 2014, 587mn g/d in 2021, and 645mn g/d in 2025. The project to import water from Iran has been proposed by a UK-registered consortium, Gulf Utilities, comprised of Kuwait’s Gulf Water Company and Energy Investment Co...
Volume: 45Issue: 08Published at Mon, 25 Feb 2002 -
Caspian Oil And Gas Production Steady Through 1H 2001
...urces. Prior to the opening of the CPC pipeline, TCO had developed an export system using railcars and barges to Baltic, Central European and Black Sea destinations (MEES, 2 April).The CPC will have an initial capacity of 560,000 b/d, which is expected to increase to 1.36mn b/d by 2014 (MEES, 3 Se...
Volume: 44Issue: 39Published at Mon, 24 Sep 2001 -
Official Opening For CPC Pipeline Set For Late September
...creased to 1.36mn b/d by 2014 in order to accommodate TCO’s targeted output of 700,000 b/d from the Tengiz field, plus that of other regional producers. Equity interest in CPC is allocated as follows: Russian Federation (24%), Republic of Kazakstan (19%), Sultanate of Oman (7%), Chevron Caspian Pi...
Volume: 44Issue: 36Published at Mon, 03 Sep 2001 -
CPC Defends Pipeline Project Against Transneft Charges
...troduce a special tax regime or special customs regime for the CPC." The CPC began filling the 1,580km pipeline in March (MEES, 2 April). Initially the pipeline will carry 560,000 b/d (28mn t/y), which is expected to increase to 1.36mn b/d (67mn t/y) by 2014. The pipeline was originally scheduled to make it...
Volume: 44Issue: 24Published at Mon, 11 Jun 2001 -
CPC Begins Filling Pipeline With Tengiz Crude
...due to be loaded at CPC’s new marine terminal near Russia’s Black Sea port of Novorossysk on 30 June. CPC’s schedule calls for the pipeline to come into full operation on 30 October with an initial transport capacity of 560,000 b/d (28mn tons/year). By 2014 the pipeline’s capacity will be ex...
Volume: 44Issue: 14Published at Mon, 02 Apr 2001 -
Financing Petroleum Development: The Experience Of Saudi Arabia
...owing demand. Geologists estimated recoverable world crude oil reserves from conventional sources at 2.3 trillion barrels in 1999. Keeping pace with demand growth of 2% per year, production from conventional sources could reach 90mn b/d by 2014. Of that, production from the Gulf countries may reach 25...
Volume: 43Issue: 25Published at Mon, 19 Jun 2000 -
AIOC Delays MEP Route Decision; Turkey And US Labor For Baku-Ceyhan
...a port of Novorossysk. The CPC pipeline will cost some $2.3bn and have an initial capacity of 560,000 b/d, rising to 1.34mn b/d by 2014, when Tengizchevroil production is targeted for around 700,000 b/d (MEES, 19 October). TCO hopes to boost its production in Tengiz to 260,000 b/d sometime during 20...
Volume: 41Issue: 44Published at Mon, 02 Nov 1998