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Ras Laffan C IWPP Signs Financing Agreement, Islamic Banks Join Group
...ild-operate-transfer (BOT) project is key to Qatar’s needs. It will produce 2.73gw of power and 63mn gal/day of clean water, supplying the country with about one third of its estimated 9.0gw power needs by 2011. The obligations of offtaker Kahramaa are guaranteed by the Qatari state (sovereign ra...
Volume: 51Issue: 32Published at Mon, 11 Aug 2008 -
GDF Suez Awarded $5.6Bn Contract For Shuweihat 2 Power And Desalination Plant
...osan, and Samsung on 21 July, he added. Completion and start-up of the Shuweihat 2 plant is scheduled for 2011. GDF Suez owns 40% of Shuweihat 2, with Abu Dhabi Water and Electricity Authority (ADWEA) holding 60%. All power and desalinated water will be purchased by the Abu Dhabi Water and El...
Volume: 51Issue: 32Published at Mon, 11 Aug 2008 -
UAE Needs To Spend Over $10Bn To Meet Rising Power Demand, Says BMI
...port 2008. Dubai alone will have to boost its power generating capacity to 9.5gw by 2010, said the report. Power consumption in Dubai increased by almost 30% in 2006, according to the Dubai Electricity and Water Authority (DEWA). The UAE will account for 5.77% of regional power generation by 2011, sa...
Volume: 51Issue: 32Published at Mon, 11 Aug 2008 -
Global Refining Capacity Expected To Expand To 2013
...10 1 160,000 Texas Port Arthur Motiva 2011 1 325,000 India Vadinar Essar Oil 2012 1 420,000 India Paradip Indian Oil Corporation 2012 1 30...
Volume: 51Issue: 31Published at Mon, 04 Aug 2008 -
SRAK Strikes Gas In Saudi Arabia, But Tough Terms And Rising Costs Cloud Development Prospects
...ran gas suggests any extra costs will be met, and that the company will attempt to stick to the schedule to provide gas by December 2011. At Karan, two platform jackets have already been installed, MEES understands. The Karan cost increase results from some scope changes (storage capacity was in...
Volume: 51Issue: 30Published at Mon, 28 Jul 2008 -
Saudi Aramco Moves Ahead On Yanbu΄ Downstream Project With ConocoPhillips
...trochemicals and it will also use existing port facilities. Both Yanbu' and Jubail will be full conversion refineries and be configured to run mainly heavy, higher sulfur crude from the 900,000 b/d Manifa increment, due on-stream starting in 2011. EPC Bidding Schedule Prospective bidders for the four ma...
Volume: 51Issue: 29Published at Mon, 21 Jul 2008 -
TAP Pipeline Key For European Alternatives To Russian Gas Supplies
...lmy-Rey participated in the televised signing of a major gas export agreement in Tehran (MEES, 24 March). The preliminary agreement envisages the beginning of Iranian gas exports to Switzerland by late 2009 at a level of 1.5 bcm/year, rising to 2-4 bcm/y in 2010 and 2011 and reaching a maximum rate 5....
Volume: 51Issue: 29Published at Mon, 21 Jul 2008 -
Gassi Touil Contracts Awarded, But Three-Year Delay Hits Algeria’s Gas Export Target
...isting units, Sonatrach said in a statement. The Japanese engineering firm saw off rival bids from Italy’s Saipem, Canada’s SNC-Lavalin, and Swiss firm ABB in partnership with Sonatrach subsidiary Sarpi. This section of the upstream project is due for completion in January 2011. Deferred Gas Export Ta...
Volume: 51Issue: 29Published at Mon, 21 Jul 2008 -
Algeria Signs $468Mn Contract With Hyflux To Build ‘World’s Largest’ Desalination Plant
...d Sonelgaz, is worth an estimated $468mn and covers the construction and financing of the plant, as well as the buying and selling of the desalinated water. At the signing ceremony, Algeria’s Minister of Energy and Mines Chakib Khelil said that when completed in 2011, the plant would provide for th...
Volume: 51Issue: 28Published at Mon, 14 Jul 2008 -
Egypt Announces Record Budget For 2008-09
...vernment, according to the report, confirmed its intention to pursue its policy of reducing the ratio of budget deficit to GDP to 3% by 2011-12, but has projected a ratio of 6.7% in 2008-09. At the same time the 2008-09 budget has allocated some E£215bn ($40.2bn) for “social spending”, an increase of...
Volume: 51Issue: 28Published at Mon, 14 Jul 2008 -
IEA Medium-Term Outlook Envisages Continuing Tight Oil Market
...neration activities, will rapidly expand in non-OECD countries.” IEA World Oil Supply And Demand Outlook 2008-13 (Mn B/D) 2008 2009 2010 2011 2012 2013 OECD Demand North America 25...
Volume: 51Issue: 27Published at Mon, 07 Jul 2008 -
Algeria To Spend $5.5Bn Expanding Its Oil And Gas Pipeline Network
...17* 137* 323 Expected Capacity By 2011 Number Of Pipelines 13 3 5 18 39 Length (Km) 5,368 1,718 3,...
Volume: 51Issue: 27Published at Mon, 07 Jul 2008 -
FCP To Approach Banks After The Summer To Finance Algeria’s MLE Project
...s formerly the Chief Operating Officer. FCP said that the MLE field will come on-stream in 2010, producing 200mn cfd of gas and 20,000 b/d of liquids, with the Central Area Field Complex (CAFC) coming on stream in 2011. Production in the Block 405b MLE field will then be ramped up to a level of 30...
Volume: 51Issue: 27Published at Mon, 07 Jul 2008 -
Kashagan Deal Concluded, With First Oil Set For 2013
...at the projected development costs of Kashagan had increased from $57bn to $136bn. The latest production deadline is the fourth to have been agreed. The previous agreement, in January 2008, called for production start-up in 2011. Terms for the latest deal include an additional 7.5-8% royalty pa...
Volume: 51Issue: 27Published at Mon, 07 Jul 2008 -
Saudi Aramco Awards Utilities Contract For 900,000 b/d Manifa Project
...e contracts has prompted talk of delays to the targeted 2011 start-up. However, Aramco last month said it was confident the project would begin production on schedule (MEES, 7 July). Manifa is probably the most ambitious initiative in Aramco’s current project schedule. Costs are likely to be si...
Volume: 51Issue: 27Published at Mon, 07 Jul 2008 -
Saudi Aramco Details Upstream Progress, Riyadh Updates On Security
...09; 1.2mn b/d of Arab Light from Khurais due by June 2009; and the 900,000 b/d offshore Manifa project due in September 2011. Khursaniyah “will come on-stream in August [2008],” Mr Nasser said. “We are hoping for the end of July, but even with this slight delay, for Khursaniyah we had put in a ve...
Volume: 51Issue: 26Published at Mon, 30 Jun 2008 -
Costs Climb At Citadel’s Musturud Refinery
...ich is 85% owned by Citadel and 15% owned by EGPC, will start up in 2011 producing 2.2mn tons/year of diesel and 1.5mn t/y of light products, of which 700,000 t/y are gasoline blend stocks....
Volume: 51Issue: 26Published at Mon, 30 Jun 2008 -
Syrian Processed Gas Output To Rise To 28Mn CMD By 2010
...har Gas Project: The project will produce 3.7mn cmd of processed gas, 180 tons/day of LPG and 1,800 b/d of condensate from the Jihar and al-Mahr fields. The project is being undertaken for Hayan Petroleum Company by Petrofac, under a contact awarded in March 2008, and is due for completion in 2011 (ME...
Volume: 51Issue: 26Published at Mon, 30 Jun 2008 -
Tunisia Increasingly Gas-Focused As Oil Production Dips
...th compression stations, this pipeline will have a capacity of 3.6 bcm/y and should be ready in 2011. Battling Reservoir Depletion Tunisia has had some success at shoring up its oil output in the last 18 months, with production expected to average 93,000 b/d in 2008, just 2% down on last year. Th...
Volume: 51Issue: 25Published at Mon, 23 Jun 2008 -
Soaring Oil Prices Push MENA Steel Demand To New Peaks
...mplex drilling and production technologies, which result in greater steel use as drilling distances increase. Tougher reservoir conditions also require special high quality down-hole steels. Saudi Aramco plans to add almost 3m b/d of crude production by 2011, but it is also making a considerable ou...
Volume: 51Issue: 25Published at Mon, 23 Jun 2008