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Sonatrach Signs Gas Supply Agreement With Second Arzew Fertilizer Joint Venture
...trochemical sector, after Sonatrach signed a similar agreement with Egypt’s Orascom Construction Industries (OCI) in February to supply a fertilizer plant also being built at Arzew with 1.7 bcm/y of natural gas over a 20-year period, from 2011. But there are doubts about whether Sonatrach will have enough ga...
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 -
Libya’s Gas Export Plans Hampered By Rising Local Demand, Lack Of Discoveries
...ound 70,000 b/d. The field is also producing 3mn cfd of associated gas, which will rise to 16mn cfd when it is fully developed by 2011 (MEES, 17 November 2008). Repsol Upstream’s Regional Executive Director of Europe, Asia and Africa Alvaro Racero told MEES that the produced gas will be burnt at th...
Volume: 52Issue: 14Published at Mon, 06 Apr 2009 -
Refining At A Crossroads
...t this year is forecast to fall to around 320,000 b/d, before slipping under 250,000 b/d in 2010, and then climbing back to 250,000 b/d in 2011, suggests Mr Poegl. In the Middle East, gasoline consumption is expected to increase by 422,000 b/d or 2.8% per year from 2008 to 2020. If plans are re...
Volume: 52Issue: 14Published at Mon, 06 Apr 2009 -
Gazprom Plans Blue Stream Pipeline Expansion
...pansion on hold after Russia decided to promote the South Streamgas pipeline project, but the idea has been revived in the light of Turkey’s projected demand increase after 2015 and the expiration in 2011 of the first of three long-term supply contracts signed in the early 1990s....
Volume: 52Issue: 14Published at Mon, 06 Apr 2009 -
Oman Sidesteps Gas Crunch As Liquids Output Rises
...crement when it starts up in 2010. Expected start-up at Qarn Alam, one of the world’s biggest steam injection projects, has slipped into 2011. Around 40,000 b/d of new oil is targeted from the project, but phase one is likely to involve around half this amount, MEES understands. Omani firm Petrogas ha...
Volume: 52Issue: 13Published at Mon, 30 Mar 2009 -
Saipem Extends Drilling Contract At WDDM To 2014, Targets Water Depths Of 1,100Ms
...ock. Scarabeo 6 is a third generation rig capable of drilling in water depths of up to 780ms, and to a total depth of 7,500ms. It was originally booked by Burullus in December 2006 for a two-year contract, extended to 2011 in October last year, to develop the WDDM concession and extend its pr...
Volume: 52Issue: 13Published at Mon, 30 Mar 2009 -
Fattah Says Iranian Power Exports To Turkey Will Double In 2009
...uble to 400mw by the end of this year. He predicted that Iranian power deliveries to Turkey would continue to rise steeply, reaching 2gw by 2011. Mr Fattah said that a comprehensive agreement on electricity trading would be signed between the two countries next month. Iran’s power generating ca...
Volume: 52Issue: 13Published at Mon, 30 Mar 2009 -
Algeria To Spend $63Bn On Energy Projects Over The Next Five Years
...March at the cost of around $3bn, Dr Khelil said. Eni is developing the block, since acquiring the Canadian operator First Calgary Petroleum in September last year, and said at the time of the acquisition that production was due to begin in 2011. The contract for the Gassi Touil surface in...
Volume: 52Issue: 12Published at Mon, 23 Mar 2009 -
MENA Defense Spending Remained At High Levels In 2007, IISS Report Shows
...arches must be in coordination with the Iraqi government; US forces would withdraw from Iraqi cities and towns to specified bases by 30 June 2009; and that US forces will have to complete their final withdrawal from Iraq by 31 December 2011. Several factors contributed to the improving security co...
Volume: 52Issue: 11Published at Mon, 16 Mar 2009 -
Saudi Aramco Looks To Gulf Offshore For Gas Boost
...celerated”, allowing for some production to come on stream in October 2011, but the majority of the gas capacity is not likely to be on stream before 2012. According to last year’s Annual Review, Saudi Aramco’s total raw gas output will be boosted from 8bn cfd in 2007 to 13bn cfd by end-2011 (MEES, 2 Ju...
Volume: 52Issue: 10Published at Mon, 09 Mar 2009 -
UAE Embarks Upon Budget Reform
...Middle East Economic Survey VOL. LII No 10 9-Mar-2009 UAE UAE Embarks Upon Budget Reform The UAE has embarked upon a plan to reform its federal budget, and plans to adopt what is described as a “zero-based” regime from 2011. Currently incremental budgeting is used, where di...
Volume: 52Issue: 10Published at Mon, 09 Mar 2009 -
Political Comment (9 March 2009)
...Middle East Economic Survey VOL. LII No 10 9-Mar-2009 Political Comment (9 March 2009) The US will be out of Iraq altogether by the end of 2011, according to the timetable announced by President Barack Obama. On her first visit to the region, Secretary of State Hillary Clinton ha...
Volume: 52Issue: 10Published at Mon, 09 Mar 2009 -
Sonatrach Signs Gas Sales Agreement With Orascom, Despite Supply Concerns
...ailability of natural gas feedstock. State-owned energy firm Sonatrach last week signed a 20-year sales-purchase contract with Egypt’s Orascom Construction Industries (OCI) to supply 1.7 bcm/year of gas to the ammonia/urea plant that the two companies are developing there from 2011. The plant will have a pr...
Volume: 52Issue: 09Published at Mon, 02 Mar 2009 -
Juba Government Facing Serious Financial Difficulties As Oil Revenues Dwindle
...artoum have been too preoccupied with sharing the country’s oil rent, and are principally using the revenue to build up arms, ahead of a proposed referendum on independence for the south in 2011, and at the expense of economic development and national stability. The report estimated that as much as 60...
Volume: 52Issue: 09Published at Mon, 02 Mar 2009 -
Petrovietnam And Partners Form JV To Develop Blocks 433a/416b, Target 21,000 B/D In 2011
...Middle East Economic Survey VOL. LII No 8 23-Feb-2009 ALGERIA Petrovietnam And Partners Form JV To Develop Blocks 433a/416b, Target 21,000 B/D In 2011 Petrovietnam and its partners on Blocks 433a/416b in eastern Algeria agreed on 10 February to form a joint venture to develop th...
Volume: 52Issue: 08Published at Mon, 23 Feb 2009 -
Lukewarm Response To Privatization Of Bank Mellat
...thin 2009-10 and a further 60% by 21 March 2011. A senior member of the Iranian Privatization Organization (IPO), Fathali Khosdin, who is overseeing the process, told the press “we have been seeking this for a long time as this gives a free hand to the bank. Under the present structure, we have re...
Volume: 52Issue: 08Published at Mon, 23 Feb 2009 -
Technip Wins Midor Coking Unit Contract, But Egypt’s New Refinery Plans Stall
...nuary). The new facilities at Musturud, which will produce 2.2mn tons/year of diesel and 700,000 t/y of high octane gasoline, were originally due on-stream in 2011, but this date is now expected to slip. For some years, Egypt has been seeking to exploit its strategic geographical location between Eu...
Volume: 52Issue: 07Published at Mon, 16 Feb 2009 -
Libya’s Exploration Drive Falters
...ogram to Libya’s National Oil Corporation (NOC) in November, which if approved, could bring some of these discoveries on-stream by 2011 at an initial rate of 50,000 b/d of oil and 50mn cfd of gas (MEES, 15 December 2008). But the block, which Verenex acquired in the first EPSA-4 bid round, is in the Gh...
Volume: 52Issue: 06Published at Mon, 09 Feb 2009 -
Iran’s External Debt Fell To $23.3Bn By September 2008
...yments in the following four years: Year Debt Repayment ($Bn) 1387 (2008-09) 6.722 1388 (2009-10) 5.126 1389 (2010-11) 2.561 1390 (2011-12) 2.120 1391 (2012-13) onwards 6.775 Th...
Volume: 52Issue: 06Published at Mon, 09 Feb 2009