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PDO Extends Land Rig Contracts With KCA Deutag
...O). The total contract value is around $100mn. PDO’s contracts for rigs T 44 and T 77 have been extended by four years each, to December 2011 and July 2011 respectively. The contracts for rigs 55, 66 and 63 have all been extended by two years, to September, March and June 2010 respectively. The or...
Volume: 50Issue: 39Published at Mon, 24 Sep 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 -
PTT Sees Rising Prices As Barrier To Iranian LNG Supply Deal
...livery of 3mn t/y beginning in 2011 (MEES, 10 July 2006). On 13 September Mr Kwangsukstith said PTT was in talks to secure alternative supplies in the face of delays to Pars LNG....
Volume: 50Issue: 38Published at Mon, 17 Sep 2007 -
Current KPC Strategy Has Achieved Only Half Its Goals, Says Buqrais
...isis affecting the country’s power generation sector amid rising electricity demand. He added that the current budgeted price for the new refinery, $15bn (the previously published figure was $14bn) would apply only if the refinery stuck to its current schedule of completion in 2011. Any further de...
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 -
Egypt’s Citadel Capital Awards EPC Contract For New Refinery
...rporation (EGPC) of around $200mn, primarily through savings on the import of oil products to Egypt, and to prevent the release of 75,000 tons of sulfur into the atmosphere in greater Cairo. The estimated cost of the entire project, due to be completed and commissioned by September 2011, is around $2....
Volume: 50Issue: 37Published at Mon, 10 Sep 2007 -
Mitsui, GS Engineering To Build Hydrocracker At Mostorod Refinery
...e 135,000 b/d Mostorod oil refinery north of Cairo. The units, which will boost diesel and other middle distillate output, are expected to come on-stream by 2011. According to GS, the units include an 80,000 b/d vacuum distillation unit and a 40,000 b/d hydrocracker....
Volume: 50Issue: 36Published at Mon, 10 Sep 2007 -
Technip Wins FEED For Al-Shaheen Refinery
...d of 2011....
Volume: 50Issue: 36Published at Mon, 10 Sep 2007 -
Saudi Aramco Oil Output Down 1.7% in 2006 At Average 8.9Mn B/D
...lls by 2011. In the next 10 years, we hope to add 50 tcf to our current 248.5 tcf of gas reserves,” it said. Major Gas Discoveries In 2006 (Mn CFD) Well Gas Flow Condensate Location Depth Field Karan-6 80...
Volume: 50Issue: 36Published at Mon, 10 Sep 2007 -
UN Attempts To Rescue Sudan’s Faltering Comprehensive Peace Agreement
...d the south in order to hold a census, which will in turn enable elections in 2009 and a referendum on unity in 2011. Like the ICG, the Small Arms Survey, a Swiss-based independent research group, warns in a report published in July that the border demarcation and census are far behind schedule, wh...
Volume: 50Issue: 34Published at Mon, 20 Aug 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 -
Supply/Demand Fundamentals Will Trigger OPEC Output Hike, Says ESAI
...til 2011-12, when falling spare capacity once again supports the crude markets. Refining: The massive investment in new refining capacity coming on-stream in the next few years should bring refining margins down sharply from their current highs. The market is poised for a major correction. Ga...
Volume: 50Issue: 33Published at Mon, 13 Aug 2007 -
Shaw Group Wins LPG FEED Contract At Hassi Messaoud
...cility at the giant Hassi Messaoud oilfield in Algeria. The US engineering company said it expected the facility to be commissioned in 2011. Algeria is one of the world’s top LPG producers, with a current annual output of around 9mn tons. ...
Volume: 50Issue: 33Published at Mon, 13 Aug 2007 -
Foster Wheeler Wins Karan Gas Plant FEED Contract
...ream in 2011. The new onshore facilities are expected to deliver sales gas to meet the growing Saudi demand for gas. In addition, a small percentage of the sales gas will be utilized for the plant fuel and 640 ton/day of sulfur will be produced. The facilities will comprise gas processing trains, an...
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 -
Shuwayyib Appointed As CEO, Deputy Chairman Of KPC
...om developers proved well beyond the funds allocated by KNPC. MEES understands, however, that reformulated bids are now topping the $17bn mark, despite efforts by KNPC to restructure the contract on an open book basis (MEES, 19 February). KNPC now plans to complete the refinery by the end of 2011...
Volume: 50Issue: 31Published at Mon, 30 Jul 2007 -
Greece, Italy And Turkey Sign Intergovernmental Accord On IGI Gas Pipeline
...gin in June 2008 and the pipeline should be complete with an 8-9 bcm/year capacity in 2011....
Volume: 50Issue: 31Published at Mon, 30 Jul 2007 -
Algeria Scales Back Oil Output Targets Amid Renewed Gas Emphasis
...due for completion in September 2011, around two years later than originally planned. Escalating costs had prevented progress on the Skikda project, with negotiations for the final EPC contract being drawn out over more than two years. As further evidence of the importance Algeria attaches to...
Volume: 50Issue: 29Published at Mon, 16 Jul 2007 -
Oil Market Tightness Will Continue Beyond 2010 Despite High Prices, Says IEA
...l Supply/Demand Outlook 2007-12 (Mn B/D) 2007 2008 2009 2010 2011 2012 Global Demand 86.13 88.27 90.02 91.91 93.84 95.82 Non-OPEC Supply 49.98 50...
Volume: 50Issue: 29Published at Mon, 16 Jul 2007