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Algeria Seeks International Partnerships To Confront Upstream Challenges
...ream in 2011-12, and which will produce 85% crude and 15% condensate. As the largest international oil producer in Algeria, Anadarko has suffered heavy financial losses from the windfall tax, and El-Merk’s development was delayed by three to four years. But MEES learns that the EPC bids for El-Merk ar...
Volume: 51Issue: 47Published at Mon, 24 Nov 2008 -
Bureaucracy Hampers Iraqi Oil Rehabilitation Efforts
...SIGIR, Baghdad’s 2009-11 Strategic Plan is based on export prices of $80/B for 2009, $85/B for 2010, and $90/B for 2011, further underlining the damage posed by both falling pricing and declining production capacity in the south. The report also illustrated continued difficulties the Mi...
Volume: 51Issue: 47Published at Mon, 24 Nov 2008 -
Political Comment (24 November 2008)
...forces, which is probably why cabinet spokesman ΄Ali al-Dabbagh stressed that “the total withdrawal will be completed by 31 December 2011. This is not governed by circumstances on the ground. The date is specific and final.” Unfortunately for Mr Dabbagh, the Chairman of the US Joint Chiefs of St...
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 -
Costs Slide Prompts Wave Of Project Delays
...0,000 b/d offshore Manifa increment, which is due to begin starting up at the end of 2011. Manifa, the last of the mega-projects in Saudi Aramco’s current upstream expansion drive, is being widely touted as the most expensive increment in the company’s history, with current projections overshadowing th...
Volume: 51Issue: 46Published at Mon, 17 Nov 2008 -
Hyproc Receives New LPG Carrier From Japan’s Namura, Algerian LPG Exports Set To Rise
...signed to expand and modernize Hyproc’s fleet. The company expects to receive three more LPG carriers, each with a capacity of 35,000 cu ms, between 2009 and 2011, two of which are being constructed by Korea’s Hyundai Heavy Industries (HHI) following an agreement signed in September (MEES, 8 Se...
Volume: 51Issue: 46Published at Mon, 17 Nov 2008 -
Iran’s Oil Production Not Expected To Increase Medium-Term, Says FACTS
...0 B/D) Phase 1 (Timeline) Phase 2 (Timeline) Anaran StatoilHydro (Likely) 68 (2011-12) 130 (2015) Azadegan PetroIran* 50 (2009) 170 (2013-14) Yadavaran Sinopec 85 (20...
Volume: 51Issue: 46Published at Mon, 17 Nov 2008 -
Political Comment (10 November 2008)
...ndate for the Americans’ continued presence in Iraq at the end of the year. According to Iraqi national security adviser Muwaffaq al-Ruba'i on 6 November, “they accepted many, many of our requests,” including the removal of a clause that would have allowed US troops to remain in Iraq after 2011, wh...
Volume: 51Issue: 45Published at Mon, 10 Nov 2008 -
GCC Countries To Meet On Gulf Power Grid Project
...oject and to sign a power trading agreement. The $3.9bn project is designed to link GCC members’ domestic power systems by 2011. Speaking in Abu Dhabi on 26 October, Yusuf Ahmad Janahi, chairman of the GCC Interconnection Authority, said Phase 1 of the project, which began in 2001, was 80% complete an...
Volume: 51Issue: 44Published at Mon, 03 Nov 2008 -
Political Comment (3 November 2008)
...e American presence beyond 2011 and the right to declare the agreement void if the US unilaterally attacks any of Iraq’s neighbors, it is hardly surprising that the move went down badly in Washington, where White House spokeswoman Dana Perino said on 28 October that “we think the door is pretty mu...
Volume: 51Issue: 44Published at Mon, 03 Nov 2008 -
Global LNG Glut Hides Mid-Term Supply Crunch As Producers Shun New Projects
...ch unfavorable market conditions. Simon Martelli reports from the 13th International Gas Summit in Paris. There are numerous LNG plants due to start up between now and 2011, in Qatar, Yemen, Algeria and elsewhere, with an aggregate capacity of more than 95mn tons/year. Some 50% of this will co...
Volume: 51Issue: 43Published at Mon, 27 Oct 2008 -
Construction Of Burgas-Alexandroupolis Oil Pipeline Delayed By A Year
...oil from Russia. The pipeline is expected to become operational by late 2011, with construction estimated to cost €1bn (MEES, 17 March)....
Volume: 51Issue: 43Published at Mon, 27 Oct 2008 -
Political Comment (27 October 2008)
...rliamentary approval. Unfortunately that appeared to be as far as the process went, since even Mr Maliki’s ruling Shi΄a coalition, the United Iraqi Alliance (UIA), expressed misgivings about the agreement – which, inter alia, provides for US forces to withdraw from the country by December 2011 unless as...
Volume: 51Issue: 43Published at Mon, 27 Oct 2008 -
Saipem Extends Drilling Contract In Egypt’s West Delta Deep Marine
...laysia’s Petronas (25%) and the state-owned Egyptian General Petroleum Corporation (EGPC – 50%) which supplies the Egyptian LNG plant at Idku and the domestic market. BG told MEES in May that the $3bn it is planning to invest in Egypt between now and 2011 is specifically intended to maximize the de...
Volume: 51Issue: 42Published at Mon, 20 Oct 2008 -
RWE Dea Outlines North Africa Production Plans
...rth Idku field in the offshore Nile Delta, which is due to start production in 2010 at a rate of 1.1 bcf/year. RWE estimates its capital expenditure for Egypt, Libya and Algeria between now and 2011 will be around €550mn. A company spokeswoman told MEES that the numerous oil discoveries in Libya th...
Volume: 51Issue: 42Published at Mon, 20 Oct 2008 -
Saudi Aramco Further Increases Scope Of Karan Gas Project
...expanded Khursaniyah gas plant for planned end-December 2011 start-up. Karan gas is high in sulfur, adding to the cost development, which will far outweigh the usual 75 cents/mn BTU internal Saudi gas price (MEES, 28 January). Reserves of around 7 tcf have been announced for the field, but ME...
Volume: 51Issue: 42Published at Mon, 20 Oct 2008 -
Occidental Wins $500Mn Abu Dhabi Field Development Deal
...,000 boed of capacity from as soon as 2011, the statement added. Ramhan, located in very shallow water near the Abu Dhabi refinery, was tested in 1992, flowing at a combined rate of 1,750b/d and 14mn cfd. In addition to the initial field developments, Occidental’s $500mn investment program “will in...
Volume: 51Issue: 41Published at Mon, 13 Oct 2008 -
Armenia To Lose Russian Gas Subsidies
...e gradual harmonization in the prices paid by Armenia with what Gazprom charges its European clients. This should be achieved by 2011. Armenia will pay $154/1,000 cu ms for gas next year, 40% up from the current price, rising to $200/1,000 cu ms in 2010. Next year’s pricing will come into effect on...
Volume: 51Issue: 40Published at Mon, 06 Oct 2008 -
Sinopec To Take Over Canada’s Tanganyika Oil
...volved in a 100,000 b/d refinery project in Abu Khashab, northeast of Deir Ez-Zor, planned to start up in 2011. Given China’s rising demand for energy, Chinese companies are expected to press on with efforts to boost their oil investments in the oil producing areas of the Middle East. To go through, the Ta...
Volume: 51Issue: 40Published at Mon, 06 Oct 2008 -
EGAS Launches New Bid Round As Ministry Finalizes Gas Price Amendments
...cole McMahon. EGAS is hoping it will boost interest in the bidding round. The company’s chairman Mahmoud Latif said in March that the surge in local demand calls for a hike in Egypt’s gas production to 10bn cfd by 2011, from around 6bn cfd now. This will require as much foreign investment as can be mu...
Volume: 51Issue: 39Published at Mon, 29 Sep 2008