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Yemen Accelerates Upstream Efforts As Oil Production Falls
...meni government.” Nexen’s PSA on Block 14 (Masila Block, operator, 52%) ends in 2011 (with a possibility for a five-year extension) and setting in place the EOR technology would take two-to-three years in itself. Only if the existing PSA is extended will it make sense to use EOR, Mr Mawhinney said, wi...
Volume: 51Issue: 08Published at Mon, 25 Feb 2008 -
Algerian Minister Dispels Doubt Over Upstream Plans
...anwhile, construction of the new 4.5mn tons/year train at Skikda, to replace those destroyed in an explosion in 2004 will start in June. The contract was awarded to the US engineering and construction company KBR in July 2007 (MEES, 16 July 2007), with an expected cost of $2.81bn, and will be ready in 2011...
Volume: 51Issue: 05Published at Mon, 04 Feb 2008 -
Oman Faces Further Crude Oil Production Woes
...op crude production slippage turning into a rout. Shell-led Petroleum Development Oman (PDO) has dropped its target announced last year to raise crude production to 600,000 b/d by 2011. Oman’s Oil Ministry, while not happy, has accepted the downgrade, MEES learns. PDO will announce at its an...
Volume: 51Issue: 04Published at Mon, 28 Jan 2008 -
Saudi Aramco Prioritizes Karan Gas Field Development, Output Hikes Planned
...t be forging ahead with its first major non-associated offshore gas project. Karan is also, by some distance, Aramco’s largest non-associated gas project. The company is working hard to avoidan anticipated shortfall of gas in 2011-12, which will be especially evident in the summer months when po...
Volume: 51Issue: 04Published at Mon, 28 Jan 2008 -
Middle East Oil Production Held Back In 2007, North African And Caspian Output Increased
...adline for bids for the main construction packages on Saudi Aramco’s 900,000 b/d Manifa heavy oil increment, due on-stream in 2011. These are not now expected to be in until June. And the 500,000 b/d Khursaniyah project, the kingdom’s only scheduled 2007 crude increment, missed its year-end start-up ta...
Volume: 51Issue: 04Published at Mon, 28 Jan 2008 -
Saudi Downstream Drive Enters Critical Phase
...ability of some to the limit and delays prompted by the need to reduce costs have moved start-up dates on the new generation of Saudi refineries to late-2012-early-2013 from original 2011 start-up dates. Front-end engineering and design (FEED) for the kingdom’s two flagship export refinery joint ve...
Volume: 51Issue: 03Published at Mon, 21 Jan 2008 -
Algeria Set To Launch Seventh Bid Round In Upstream Gas Push
...ich is now expected in late 2011, three years later than originally thought, an Anadarko spokesman told MEES: “Given the licence [problems] with Sonatrach and trying to recoup money from the excess profits tax, that’s bound to have an impact on the timing of the project.” Another reason for the de...
Volume: 51Issue: 03Published at Mon, 21 Jan 2008 -
Kuwait Looks To Non-Associated Gas Debut
...ude at full capacity. Kuwait awarded the contract to design and build the country’s fourth gas train to Korea’s SK Engineering last month. The plant will have processing capacity of 805mn cfd of gas and 106,300 b/d of condensate and is due on-stream by end-February 2011. It will take not just non-as...
Volume: 51Issue: 02Published at Mon, 14 Jan 2008 -
MENA’s Proposed Refining Capacity Additions Face Costs/Engineering Challenges
...gasoline will be eliminated by 2011-12, and the Middle East will have a surplus of some 200,000-250,000 b/d of gasoline by 2015. Additionally, FACTS predicts that the Middle East will have middle distillate export availability of 1.4mn b/d in 2015. Given rising Gulf region products demand, so...
Volume: 51Issue: 02Published at Mon, 14 Jan 2008 -
Khursaniyah Hitch Highlights Global Project Crunch
...oject under a traditional timetable would not have come on-stream until May 2009. But it is clear that Saudi Aramco is starting to feel the strain as it sets about implementing the largest expansion in its history. The firm plans to add almost 3mn b/d of gross crude production capacity by 2011. Ac...
Volume: 51Issue: 01Published at Mon, 07 Jan 2008 -
1Q 08 Decision On Oman’s Proposed Al-Duqm Refinery/Petrochem Project
...ld by OOC, 17% by Shell, 15% by Liwa Energy, 2% by Total, and 1% by Partex. The venture’s aim is to develop some 1bn barrels of Mukhaizna crude oil and achieve production of 150,000 b/d by 2011. The project is said to be progressing according to schedule, and, despite rising cost, is within 5% of bu...
Volume: 50Issue: 51Published at Mon, 17 Dec 2007 -
Kuwait Oil Sector Leadership Changes Aimed At Achieving Greater Upstream Efficiency
...oduction target of 50,000 b/d by 2011, 250,000 b/d by 2015 and 700,000-900,000 b/d by 2020. Discussions on the details of the project are continuing, with the hope that a final agreement can be reached by July 2008, KOC’s director of northern oilfield operations Khalid al-Sumaiti told a conference in th...
Volume: 50Issue: 44Published at Mon, 29 Oct 2007 -
Egypt Refinery At The Center Of Citadel Capital’s Energy Expansion
...d the two recently financed petrochemical ventures (MEES, 24 September). Held by Citadel, its co-investors and government-owned oil producer, the Egyptian General Petroleum Corporation (EGPC) through newly created Egyptian Refining Company (ERC), the refinery will start up in 2011 producing 2....
Volume: 50Issue: 44Published at Mon, 29 Oct 2007 -
Rising EPC Costs Heighten Gas Supply Concerns
...cause of the contracting situation,” the chairman of Qatargas Faisal al-Suwaidi told MEES on the sidelines of the Paris conference. “We’re studying the reserves. But the result of that will not come before 2010 or 2011. What I mean by thinking twice relates to the high prices in the contractors ma...
Volume: 50Issue: 43Published at Mon, 22 Oct 2007 -
North Africa Targets 1.3Mn B/D New Refining Capacity By 2012 Despite Cost Threats
...mpletion in 2011. Separately, a $1.5bn contract for the construction of a fluid catalytic cracking unit (FCC) and 100,000 b/d fuel oil processor at 'Ain al-Sukhna in the Gulf of Suez is due to be awarded next month. Libyan Refinery Plans Languish Two decades of economic sanctions took their toll on...
Volume: 50Issue: 40Published at Mon, 01 Oct 2007 -
Egypt To Raise Crude/Condensate Output 100,000 B/D By Mid-2008
...oject in the governorate of Kafr al-Shaikh with an investment of around $10.5bn. The complex would be located at Matobas and would use 300,000 b/d of crude oil to be imported. Minister of Petroleum Sameh Fahmy said in 2006 that the Kafr al-Shaikh project was planned for completion in 2011. Under th...
Volume: 50Issue: 38Published at Mon, 17 Sep 2007 -
Iraq’s Power Master Plan Seeks To End Electricity Blackouts By 2011
...Middle East Economic Survey VOL. L No 36 10-September-2007 Iraq’s Power Master Plan Seeks To End Electricity Blackouts By 2011 Iraq’s master plan for the electricity sector aims to end load-shedding by 2011 while at the same time increasing per capita electrical consumption fr...
Volume: 50Issue: 37Published at Mon, 10 Sep 2007 -
Spain Relents On Medgaz But Algeria Seeks Mediation On Gassi Touil
...o-year freeze on the construction of the Arzew plant, instead transporting the gas by pipeline between 2009 and 2011. Cinco Dias says Sonatrach asked the Paris Chamber of Arbitration in July to mediate in the dispute, hoping that it will find a solution acceptable to the various parties wi...
Volume: 50Issue: 33Published at Mon, 13 Aug 2007 -
Egypt’s Ambitious Budget Targets Camouflage Political Worries
...at the budget for fiscal 2007-08, which coincides with the beginning of the sixth five-year development plan (2007-08 to 2011-12), will focus on human development and putting a limit on poverty; unemployment; dealing with the disparity of income; achieving higher economic growth and a fairer di...
Volume: 50Issue: 31Published at Mon, 30 Jul 2007 -
Gulf Power Part 2: Financing Competition Still Fierce As Global Credit Jitters Grow
...id that additional capacity will be needed from 2011. New capacity is being added via Taweelah A10 and the 'Umm al-Nar extension, which will come on-stream in 2009, and Fujairah-2, which will start up in 2010. After that an eighth IWPP, Shuweihat S2, will be developed, with the capacity to pr...
Volume: 50Issue: 31Published at Mon, 30 Jul 2007