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Saudi Arabia’s Diversification Plans Take Shape As Ma'aden Receives Financing
...her operations can domestically access all three components, Mr Fallaj added. More than 70% of the project costs are fixed by a lump-sum turnkey (LSTK) contract, with key contractors provided by Germany, China, France, Spain and Finland. The phosphate project is set for completion in 2011. Target ex...
Volume: 51Issue: 24Published at Mon, 16 Jun 2008 -
Chevron To Participate In New Kazakh Export Route
...reement with Azerbaijan that allows Kazakhstan to transport crude through the 1mn b/d Baku-Tbilisi-Ceyhan (BTC) pipeline (MEES, 9 June). The move effectively helps clear the way for the implementation of the KCTS. The pipeline is tentatively scheduled to come into operation in 2011 with an initial ca...
Volume: 51Issue: 24Published at Mon, 16 Jun 2008 -
Kayan Signs Loan Agreement, Breaks Islamic Project Finance Records
...tane from Saudi Aramco, with ethane provided at $0.75/mn BTU and the butane price based on an international benchmark, less a discount which has been fixed at 30% until 2011. “The Saudi Arabian government’s policy is to promote development of a primary and secondary domestic petrochemicals in...
Volume: 51Issue: 23Published at Mon, 09 Jun 2008 -
Spain’s Fertiberia To Build A $1bn Ammonia Plant At Arzew
...n funds, while the remaining 70% would be financed by bank loans. Separately, Algeria’s Minister of Energy and Mines Chakib Khelil said the completion of various petrochemical projects under way in Algeria would give it a 5% share of global fertilizer production by 2011, and help to reduce its fo...
Volume: 51Issue: 23Published at Mon, 09 Jun 2008 -
CPC Pipeline Reports First Profits
...rticipation in the Baku-Tbilisi-Ceyhan (BTC) crude oil pipeline. The law opens the way for the Kazakhstan Caspian Transportation System (KCTS), which is to come into operation in 2011 with an initial 500,000 b/d capacity. Batumi Oil Terminal (BOT) shipped 718,800 tons of crude oil and products du...
Volume: 51Issue: 23Published at Mon, 09 Jun 2008 -
BG Eyes Egypt’s Deeper Horizons, Still Plans A Third LNG Train At Idku
...e $3bn that it has earmarked for Egypt, up to 2011. Together with its partners in Egypt, BG produces more than 2.3bn cfd of natural gas, out of total Egyptian gas output of 5.7bn cfd (MEES, 17 March). As a gauge of BG’s rapid growth there, it should be noted that the UK firm only started pr...
Volume: 51Issue: 22Published at Mon, 02 Jun 2008 -
Lundin Petroleum Spuds Morskaya-1 Exploration Well
...ipyard is to be completed by 2011. Russian Prime Minister Vladimir Putin has said Moscow will agree to stop using intermediaries for gas shipments to Ukraine if Kiev settles its past debts, the Russian media have reported. Ukraine said earlier this year that it had paid its outstanding de...
Volume: 51Issue: 22Published at Mon, 02 Jun 2008 -
Saudi Aramco Review Raises Question Marks Over Exploration Targets
...ditions to capacity. These include the 500,000 b/d Khursaniyah project, due on-stream at the end of last year and still not fully up and running. Meanwhile, the 1.2mn b/d Khurais project, due to start up by end-2009, and the 900,000 b/d Manifa project, due for 2011 start-up, have suffered from hiccups th...
Volume: 51Issue: 22Published at Mon, 02 Jun 2008 -
MENA Petrochemicals Producers See Ambitious Expansion Plans Held Back By Rising Costs
...ES, 5 March 2007). EMethanex, Damietta EMethanex 60%; Egyptian government 33%; Apicorp 7% 1mn t/y methanol capacity due 2010, additional 260,000 t/y due 2011. Financing closed (MEES, 11 June 2007). Sidi Kerir PE, Bu...
Volume: 51Issue: 21Published at Mon, 26 May 2008 -
OCP Signs Fertilizer Plant MOUs With Libya, Vietnam
...ant is to be built in Morocco and begin production in 2011. An ammonia plant of unknown capacity will be built in Vietnam. The announcements follow an invitation by OCP in February to international investors to participate in the development of Morocco’s phosphate and chemicals industry. OCP ex...
Volume: 51Issue: 21Published at Mon, 26 May 2008 -
Ras Laffan C IWPP Attracts 20 Banks
...timated 9,000mw power needs by 2011....
Volume: 51Issue: 21Published at Mon, 26 May 2008 -
Hayan Petroleum Produces More Gas
...arter of 2011 (MEES, 24 March, 10 March)....
Volume: 51Issue: 21Published at Mon, 26 May 2008 -
Aramco, KPC Take $30Bn Downstream Investment Plunge
...0,000 t/y of benzene and 200,000 t/y of polymer grade propylene, the partners said. Jubail start-up was initially planned for 2011. But costs soared from initial estimates of around $6.3bn, prompting a rework to the front-end design and subsequent delays. By late last year, costs indications had pushed the pr...
Volume: 51Issue: 20Published at Mon, 19 May 2008 -
South Korea Signs Energy Deals With Kazakhstan, Uzbekistan
...140 tons of uranium from Kazakhstan in 2011-17, and 2,600 tons from Uzbekistan in 2010-16. Kazakhstan holds 19% of the world’s uranium reserves and plans to produce 15,000 tons/year by 2010 (MEES, 24 September 2007). South Korean oil and gas companies reached agreements in Uzbekistan to explore th...
Volume: 51Issue: 20Published at Mon, 19 May 2008 -
SRAK Gets Extension, Closes In On Kidan Target
...aybah 250,000 2008 Nuayyim* 100,000 2009 Khurais 1,200,000 Mn420 70,000 End-2009 Manifa 900,000 Mn90 50,000 2011-12 Ha...
Volume: 51Issue: 20Published at Mon, 19 May 2008 -
Algeria Assigns $5bn Financing Package For Terga And Koudiet Eddraouch Power Plants
...st an estimated $2.4bn and is due for completion in September 2011, is being built by a consortium comprising Egypt’s Orascom Construction Industries (OCI) and the French engineering group Alstom (MEES, 26 November 2007). Of the total cost, 30% will be funded by Sonelgaz and Sonatrach, with the re...
Volume: 51Issue: 19Published at Mon, 12 May 2008 -
Algeria To Almost Double Refining Capacity by 2013, Says Sonatrach V-P
...habilitation of our refineries by more than 20%. It means that by 2011 we will have a capacity of 24-25mn tons/year, only by the extension. And we are also moving forward with the world scale refinery in Tiaret.” Algerian domestic oil consumption has risen sharply this decade, from just below 200,000 b/d in...
Volume: 51Issue: 18Published at Mon, 05 May 2008 -
Chinese And Gulf Companies Expand In Sudan, Amid Faltering Political Progress
...dan, a census is taking place that should pave the way for general elections next year, and for the planned referendum in 2011, which would allow the people of southern Sudan to vote on independence. The potential for the CPA to unravel remains dangerously high. Dozens were killed in skirmishes near th...
Volume: 51Issue: 18Published at Mon, 05 May 2008 -
QP’s Shaibi Sees Project Finance As Key To Qatar’s Continued Growth
...ke into consideration significant syndication risk and thus high costs would increase the tariff. This would only work if associated with price flex, which QP is very much against, he said. The $3.5bn Ras Laffan C project, which is expected to supply Qatar with a third of its needs by 2011, re...
Volume: 51Issue: 17Published at Mon, 28 Apr 2008 -
Petrofac Awarded Gas Processing Contract At Kashagan
...cludes engineering, procurement and construction management for the oil treatment plant, the gas and LPG treatment plant and the sulfur treatment plant. Petrofac was awarded its first contract by Agip KCO in August 2004. The offshore Kashagan field is due to come into production in late 2011. Peak pr...
Volume: 51Issue: 17Published at Mon, 28 Apr 2008