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JPMC Reports 187.5% Rise In Profit In 2007
...nstruction of the fertilizer plant is to start in the next four months and production will begin in late 2011. ...
Volume: 51Issue: 12Published at Mon, 24 Mar 2008 -
Petrofac Awarded Letter Of Intent For Gas Plant In Syria
...d offsite facilities, gathering pipelines and living quarters. The project is due for completion in the first quarter of 2011. Petrofac has previously completed several EPC projects in Syria. Hayan Petroleum Company is a joint stock company owned equally between the Syrian Petroleum Company (SP...
Volume: 51Issue: 12Published at Mon, 24 Mar 2008 -
Caspian And Central Asian Export Pipelines Assume Aura Of Most Serious Game
...13 Azerbaijan, Middle East 2 AMBO Bulgaria-Macedonia-Albania 900 750,000-900,000 B/D $1.2-1.5bn 2011 Caspian, Russia 3 BAPline Burgas, Bulgaria-Alexandroupolis, Greece 279 70...
Volume: 51Issue: 11Published at Mon, 17 Mar 2008 -
Details Of JPRC/Government Agreement Revealed
...urth expansion and upgrading project is completed, but not later than 2011. The 100,000 b/d capacity Zarqa refinery is receiving about of 20,000 b/d of Iraqi Basra crude – medium and heavy – at discounted prices, delivered by road tankers to Jordan. The project will cost about $1.7bn and will re...
Volume: 51Issue: 11Published at Mon, 17 Mar 2008 -
DEWA In Talks With Sino Global For First Private Power Plant
...e 2,000mw hydrogen-fired plant, expected to cost around $3bn, should start operations in 2011, said DEWA CEO Sa΄id al-Tayir on 11 March. It will be implemented either on a build-operate-transfer (BOT) or a build-own-operate (BOO) basis. Sino Global will import hydrogen produced from coal in the US...
Volume: 51Issue: 11Published at Mon, 17 Mar 2008 -
Caspian Sea Region Pipelines – Existing and Proposed
...rkey’s Bosphorus and Dardanelle Straits it has been on the drawing board since the mid-1990s. Construction is expected to begin in late-2008 and the target date for operating is 2011. The 900km crude oil pipeline (750,000-900,000 b/d capacity) will cost $1.2-1.5bn and carry Russian and Caspian Sea cr...
Volume: 51Issue: 11Published at Mon, 17 Mar 2008 -
Algeria Pursues Gas Export Plans Ahead Of Production Hike
...dustrial gas supplier Air Products and Chemicals Inc (APCI) on 22 January. The equipment is due to be delivered in late 2009, with the plant scheduled for completion in 2011. The 4mn tons/year integrated Gassi Touil LNG plant is currently under consideration, with no contracts having been awarded si...
Volume: 51Issue: 10Published at Mon, 10 Mar 2008 -
North Africa Struggles To Meet Soaring Power Demand
...pected to be ready in November 2011 and to cost around $1.6bn (MEES, 21 January), and phase two of the North Cairo power station, which was completed in October 2007 and doubled the plant’s capacity to 1,500mw. High Hopes For Renewables At the inauguration of the North Cairo plant’s expansion last ye...
Volume: 51Issue: 09Published at Mon, 03 Mar 2008 -
IPIC And KazMunaiGaz Conduct Feasibility Study For Petrochemical Plants
...e hydrocarbon production areas in the west of the country to the populated south, which is dependent upon gas imports from Uzbekistan. The project is estimated to cost $3.8bn and cover 1,500km. The pipeline is scheduled to start operation in 2011 with a capacity of 5 bcm/year, which will la...
Volume: 51Issue: 09Published at Mon, 03 Mar 2008 -
China Starts Construction Of Second West-East Gas Pipeline
...signed for a maximum pressure of 12 mpa. The pipeline will ensure stable gas delivery for more than 30 years, CNPC said. The Horgos-Zhongwei and Zhongwei-Jingbian sections are to be in operation by end-2009, and the Zhongwei-Guangzhou and Wongyuan-Shenzhen sections by June 2011. The entire pipeline is...
Volume: 51Issue: 09Published at Mon, 03 Mar 2008 -
UAE Faces Gas Crisis
...ms to boost crude production capacity from 2.8mn b/d to 3.5mn b/d by 2012-15. But serious gas increments will only start to arrive in 2012. And observers of the UAE energy scene view 2011 as a potential crisis year. The first increment is the 1bn cfd Shah ultra-sour gas development, which will pr...
Volume: 51Issue: 08Published at Mon, 25 Feb 2008 -
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 -
Bouteflika Pledges Energy Cooperation With Russia On State Visit To Moscow
...vested… $60mn and have already discovered two oil deposits that are due to produce above 60,000 b/d by 2011.” The two Russian firms won the exploration rights to Block 245 South in 2000, in partnership with Sonatrach which holds a 40% interest, and have since made a number of oil and gas discoveries th...
Volume: 51Issue: 08Published at Mon, 25 Feb 2008 -
Pathfinder Banks Appointed For Musturud Refinery Financing
...troleum Corporation (EGPC). It will start up in 2011 producing 2.2mn tons/year of diesel and 700,000 t/y of high octane gasoline....
Volume: 51Issue: 08Published at Mon, 25 Feb 2008 -
EGL, Statoil Form Trans Adriatic Gas Pipeline Joint Venture
...pacity of the pipeline will be 10 bcm/year with an option to expand later to 20 bcm/y. The cost of the project is put initially at €1.5bn. EGL said implementation of the TAP project was subject to a final investment decision in the second half of 2009. The pipeline could come into operation in 2011. It...
Volume: 51Issue: 07Published at Mon, 18 Feb 2008 -
Evaluation Of Onshore Awali Field Bids Expected By End-May
...ars until a price of $1.50/mn BTU is reached in April 2011. New customers have been charged $1.50/mn BTU since last year. The NOGA chairman said the new pricing structure would “result in additional revenues of $40mn per year to the government and lead to rationalizing consumption and encouraging co...
Volume: 51Issue: 06Published at Mon, 11 Feb 2008 -
NPC Secures €428Mn Funding To Build Two 300,000 T/Y Polyethylene Plants
...stern Ethylene Pipeline route at Lorestan and Mahabad, are scheduled for completion in 2011. Funding will mainly be provided by Iran’s Oil Stabilization Fund (OSF), with 30% to come from Iran’s Bank of Industry and Mines. NPC tendered for the projects in 2005 (MEES, 2 May 2005) and awarded the co...
Volume: 51Issue: 06Published at Mon, 11 Feb 2008 -
Qatar Further Consolidates Asian LNG Term Sales With Thailand’s PTT Deal
...ailand’s PTT Public Company. The LNG will be supplied into the Bangkok LNG terminal when it becomes operational in 2011, said Qatargas. The terminal will be capable of receiving the cargoes using the new Q-Flex and Q-Max class of vessels, Qatargas added. PTT will use the LNG to supply mainly power co...
Volume: 51Issue: 06Published at Mon, 11 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 -
Dresdner Kleinwort Holds Brent Price Forecast At $70/B For 2008
...rlier forecast also saw Brent falling away to $45.50/B by 2011, but now the Brent price is expected to flatten out at around $60/B from 2009. One of the principal reasons why oil prices rose so sharply in 2007 was OPEC’s policy of undersupplying the market with the aim of tightening inventories in or...
Volume: 51Issue: 05Published at Mon, 04 Feb 2008