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GCC Power Grid Links Four Gulf Countries
...scheduled for completion in 2011, with Oman scheduled to follow shortly thereafter. The project is one of the first pan-GCC schemes to get off the ground and could provide a model for regional cooperation (MEES, 27 July). It was planned back in 1991, and construction started in 2004, with the op...
Volume: 52Issue: 31Published at Mon, 03 Aug 2009 -
SABIC Returns To Profitability In 2Q09
...d 2011, the underlying value of SIP operations would still be well below original expectations. Consequently, the intrinsic recovery prospects for bondholders are lower than previously assumed, said S&P. It acknowledged that the ongoing financial commitment of the parent company SABIC (A+/Stable/A-...
Volume: 52Issue: 31Published at Mon, 03 Aug 2009 -
SABIC Awards Samsung $300Mn Air Separation Contract
...paration process. Samsung will execute the licensing, engineering, procurement and construction of the ASU, which is scheduled for start-up in 2011. The company said that despite the global economic downturn, this contract with NIGC was the fourth it had been awarded during July, the others being the Sk...
Volume: 52Issue: 31Published at Mon, 03 Aug 2009 -
GCC Power Grid Goes Live, Provides Model For Regional Cooperation
...wait, while the line that will link in the UAE is scheduled for completion in 2011, with Oman expected to follow shortly thereafter (see map). The initial connection is a milestone for a project that was planned back in 1991 – construction started in 2004 – and it could usher in a new era of re...
Volume: 52Issue: 30Published at Mon, 27 Jul 2009 -
Faltering Upstream Progress Undermines Libyan Output Targets
...,000 b/d development plan for some of the oil and gas finds it has made in Area 47 in the Ghadames Basin. Verenex says it could achieve first production by 2011, which makes it potentially one of the fastest field development projects on the table in Libya, and has said that future production sc...
Volume: 52Issue: 30Published at Mon, 27 Jul 2009 -
EC Proposes Emergency Response Mechanisms For Future Gas Crises
...isting national storage and LNG import capacities. The draft envisages regional gas supply sharing mechanisms “on a case by case basis” so that all member states are able “by 2011 at the latest” to cover the loss of their principal gas import source for 60 days based on peak winter demand. EC Energy Co...
Volume: 52Issue: 30Published at Mon, 27 Jul 2009 -
Abyei Ruling Bolsters Sudan’s Comprehensive Peace Agreement
...a whole. The acceptance of the court ruling, especially by the Government of South Sudan, is notable given that it places Heglig, one of the country’s biggest, albeit oldest, oil fields squarely within the north’s borders. With a referendum due to take place in 2011 that will allow the south to op...
Volume: 52Issue: 30Published at Mon, 27 Jul 2009 -
OPEC Slashes Demand Forecasts
...10 2011 2012 2015 2020 2025 2030 North America 23.7 23.4 23.4 23.5 23.6 23.4 23.1 22.8 Western Europe 14.8 14.6 14.6 14...
Volume: 52Issue: 28Published at Mon, 13 Jul 2009 -
Gulf Power/Water Privatization Continues, As Saudi Arabia Conducts Review
...ditional capacity to begin operating in summer 2011 and become fully operational in the summer of 2012, through two 650mw plants at Barka 2 and Sohar 2. At Al Ghubrah output will be increased under a development that splits the site into East and West locations....
Volume: 52Issue: 28Published at Mon, 13 Jul 2009 -
IEA Medium Term Outlook Sees Crude Demand Growth Averaging 540,000 B/D To 2014
...ojection in July 2008, the report said. IEA World Oil Supply And Demand Outlook 2008-14 (Mn B/D) 2008 2009 2010 2011 2012 2013 2014 OECD Demand North Am...
Volume: 52Issue: 27Published at Mon, 06 Jul 2009 -
Barclays Sees Benchmark Oil Prices Heading Into $75-95/B Range
...ft landing into roughly the $75-95/B range now appears to be the ultimate destination for oil prices this year.” Barclays Capital Annual Oil Price Forecast ($/B) 2006 2007 2008 2009 2010 2011 2012 Long-Term WT...
Volume: 52Issue: 27Published at Mon, 06 Jul 2009 -
Political Comment (6 July 2009)
...rces by 31 August 2010, followed by the withdrawal of all US troops from Iraq by the end of 2011, as provided for in last year’s Status of Forces Agreement. Assuming everything goes according to plan (which is probably a rash assumption in Iraq), it is only then that a truly independent Iraq will have to...
Volume: 52Issue: 27Published at Mon, 06 Jul 2009 -
Verenex Energy’s Row With Libya’s NOC Blows Open
...nse. Nevertheless, Verenex’s Libyan acreage has considerable potential. The proposed development plan that the company submitted to NOC in November last year envisages bringing the discoveries made there on-stream by 2011 at an initial rate of 50,000 b/d of oil and 50mn cfd of gas. Separately, the co...
Volume: 52Issue: 26Published at Mon, 29 Jun 2009 -
JGC Wins Management Contract For PETRORabigh Expansion
...cludes front end engineering for utilities and offsites, in addition to project managing the feasibility study for the expansion, MEES understands (MEES, 13 April). The study is to be completed by the third quarter of next year, and if the project gets the green light, construction should begin in 2011...
Volume: 52Issue: 26Published at Mon, 29 Jun 2009 -
Syria’s 'Alaw Says Five IOCs Were Close To Signing PSCs Last Year
...000 b/d of condensate, is scheduled to start up in the first quarter of 2010. Finally the Jihar Gas Project, which will have a capacity of 4mn cmd of gas, 180 t/d of LPG and 1,800 b/d of condensate, is due for completion in 2011. Syrian gas production is now averaging 21.6mn cmd, according to recent fi...
Volume: 52Issue: 26Published at Mon, 29 Jun 2009 -
GE Energy Signs Contracts Worth More Than $500Mn For Al Dur IWPP
...30% of the kingdom’s existing electricity output, as well as 48mn gal/day (218,000 cmd) of desalinated water. The plant is scheduled to start commercial operation by mid‐2011 and is expected to cost $2.2bn to build, with the debt package pegged at around $1.7bn. The bank facility is carrying ma...
Volume: 52Issue: 25Published at Mon, 22 Jun 2009 -
QP Eyes Decision On 250,000 B/D Shaheen Refinery
...timates for start-up on Qatargas 4 Train 7, the last of Qatar’s LNG ‘mega-trains’, has slipped to 2011, MEES understands. “There is a lot of uncertainty on timing,” notes the source. “As they are fixing problems on Train 4, they assume they will be able to solve these same issues on the other trains. Bu...
Volume: 52Issue: 25Published at Mon, 22 Jun 2009 -
KRG Operators Vying For Position After Oil Exports Start-Up
...ll also feed into the pipeline. Meanwhile, Genel is also building a 60,000 b/d refinery at Koya near Taq Taq and Miran. Some 40,000 b/d of processing capacity will be in place by 2011, with the remaining capacity online in 2012, Heritage said. The $510mn refinery is guaranteed a tolling fee of $15...
Volume: 52Issue: 24Published at Mon, 15 Jun 2009 -
Turkey Reiterates Call For 15% Of Azeri Nabucco Gas
...rticipation in the rival South Stream pipeline. Turkey To Demand Re-Export Clause In 2011 Gazprom Contract Turkish Minister of Energy Taner Yildiz told Ilhas News Agency on 5 June that his country would demand the inclusion of a re-export clause in an extension of the first of three long-term supply co...
Volume: 52Issue: 24Published at Mon, 15 Jun 2009 -
Sofregaz Plans To Reactivate Varamin Gas Storage Project
...Varamin, 70km southwest of Tehran, NGSC Director of Engineering and Construction Mahmoud Nemati told the Ministry of Petroleum’s PIN news service on 8 June. Mr Nemati said the facility would have a gas storage capacity of 540mn cu ms, and would be expected to be completed by late 2011. Sofregaz wa...
Volume: 52Issue: 24Published at Mon, 15 Jun 2009