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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 -
Libya’s Limited Infrastructure Hampers Gas Expansion Plans
...10 bcm/y, is due to be expanded to 11bcm by 2011 at a cost of €84mn. It appears that there is no shortage of Libyan gas to fill the country’s only gas export pipeline, and certainly no shortage of buying interest in Italy, where Eni has brought forward plans to increase pipeline supplies of na...
Volume: 50Issue: 28Published at Mon, 09 Jul 2007 -
BG Focused On Selling Gaza Gas To Israel After Cabinet Approval
...art-up is now envisaged in 2011. The project is expected to generate around $1bn in much needed revenue for the Palestinian Authority. The expected overall costs of implementing the project are still put at around $750mn, a figure that BG came up with more than a year ago. But competition from th...
Volume: 50Issue: 24Published at Mon, 11 Jun 2007 -
Algeria Aims To Hike LNG Exports To US Despite Project Delays
...vel by 2010 (MEES, 7 November 2005). With both LNG projects originally scheduled for completion in 2009, but now not expected to be complete until 2011 at the earliest, these latest export targets appear unlikely to be met unless LNG commitments to other buyers are displaced in favor of the US ma...
Volume: 50Issue: 22Published at Mon, 28 May 2007 -
OMV’s Iran LNG Deal Sees Supply Diversification Supersede Nuclear Diplomacy
...rminal in Croatia, in which it is a shareholder. According to OMV’s current plans, the Croatian terminal should become operational in 2011-12 and Iran, with its substantial gas reserves, could be a source of supply. The Iran agreement comes just months after OMV-led Austrian joint venture EconGas si...
Volume: 50Issue: 18Published at Mon, 30 Apr 2007 -
Demand Growth Has Changed Radically, Says Fesharaki
...avy: Limited scope. Maximum annual contribution of, say, 150,000-200,000 b/d. Nothing is better than market transparency and efficiency (futures market, eg DME, cafe standards, etc). Refining Surplus But Less Crude There is a potential refining surplus looming by 2011-13. The surplus will be cr...
Volume: 50Issue: 18Published at Mon, 30 Apr 2007 -
Iranian LNG Project Schedules Expected To Slip Further
...derstands that the first possible start-up date for Persian LNG might have slipped by a year. The Total-led Pars LNG project was until recently scheduled to start up in 2011, while Shell had expected Persian LNG exports would begin in 2011-12. Although Iran has repeatedly announced of late that Total an...
Volume: 50Issue: 16Published at Mon, 16 Apr 2007 -
PDO To Reverse Oil Output Declines By 2008 Amid Mounting Recovery Challenges
...ood programs at several fields including Marmul. “The next few years will be challenging years for PDO but we have plenty of projects in the pipeline that have been approved and financed by our shareholders and things are looking up. Post 2011, you are really going to see the effect of the EOR pr...
Volume: 50Issue: 07Published at Mon, 12 Feb 2007 -
Multiple Iranian LNG Projects A Result Of Politics, Not Practicality
...ch for 3mn tons/year of LNG, with deliveries scheduled to begin in 2011. However, MEES understands that outside POGC, the Pars LNG project is not thought likely to reach the FID stage at any point soon, even though this project is seen as being ahead of the field in terms of technical de...
Volume: 50Issue: 07Published at Mon, 12 Feb 2007 -
Iran Petroleum Crisis Claims “Fundamentally Unsound”, Says Fesharaki
...port decline rate as the sum of its rates of reservoir depletion and domestic demand growth, and calculates this as 10-12%. He observes: “Even if a relatively optimistic schedule of future capacity addition is met, the ratio of 2011 to 2006 exports will be only 0.40-0.52. A more probable scenario is...
Volume: 50Issue: 03Published at Mon, 15 Jan 2007 -
Audit Bureau Highlights Strategic Failures In Kuwait’s Oil And Gas Sector
...mmissioning of the fourth refinery and the closure of the ageing Shu'aiba plant will be to lift national refining capacity from 930,000 b/d now to 1.5mn b/d by 2011, implying that the expansions will lift the two existing plants’ capacity by 150,000 b/d collectively. The fourth refinery is expected to come on-st...
Volume: 49Issue: 49Published at Mon, 04 Dec 2006 -
Saudi Aramco Making Good Headway On Gas Exploration
...celeration with which gas exploration and development are being pursued – a program that will see the company drilling more than 40 wells a year by 2010, he said. Under current Saudi Aramco plans, gas well completions will rise from 35 in 2006 to 70 in 2011, with exploration wells up from nine in 2006 to 15...
Volume: 49Issue: 48Published at Mon, 27 Nov 2006 -
Jazan Export Refinery Opens Way For Selective Saudi Private Participation
...investments leading to over-capacity. “The fate of projects beyond 2011 will be determined to a great extent by the performance of the industry in the coming few years,” he said. With the Middle East showing the highest ratio of new-build refineries to existing plants the dangers of ov...
Volume: 49Issue: 48Published at Mon, 27 Nov 2006 -
MENA Refiners’ Capacity Expansion Program Gathers Momentum In 2006
...ports. The program includes the construction of three new refineries: a three-train 360,000 b/d condensate splitter plant at Bandar Abbas expected on-stream in 2009; a second crude oil refinery at Bandar Abbas, with throughput capacity of 300,000 b/d, scheduled for completion in 2011 and intended to ha...
Volume: 49Issue: 48Published at Mon, 27 Nov 2006 -
Saudi Aramco To Double Khursaniyah Gas Plant Capacity To Handle Offshore Karan Field Gas
...e end of this decade will tap some of the kingdom’s heavier crude reserves,” he said, referring to the Manifa increment due on-stream in 2011. He said the slate of crude increment projects would enable Saudi Aramco to maintain spare capacity of at least 1.5-2mn b/d above and beyond forecast pr...
Volume: 49Issue: 46Published at Mon, 13 Nov 2006 -
Saudi Arabia Targets 12.5Mn B/D Oil Capacity By 2009, Says Naimi
...pacity added in 2011. Manifa, which was discovered in 1958 and plugged in 1980, is problematic because of the high sulfur content in its Arab Heavy crude oil (28° API) reserves (MEES, 4 September). Saudi Arabia says its oil production capacity now stands at 11.3mn b/d following the inauguration of th...
Volume: 49Issue: 38Published at Mon, 18 Sep 2006 -
QP Urges LNG Lenders To Accept More Risk As Pricing, Spot Sales Evolve
...ock of engineering, procurement and construction (EPC) costs. While QP has not given clear indications on the length of the moratorium, Mr Kharbotli emphasized that LNG “has been and still is the bulk of QP’s investment.” Qatargas and RasGas (which will have a combined capacity of 77.2mn t/y by 2011...
Volume: 49Issue: 38Published at Mon, 18 Sep 2006 -
Iran Launches Strategy To Reduce Gasoline Imports As Sanctions Threat Looms
...0 B/D) Abadan Upgrade 2008 360 - 360 Replacement of 180,000 b/d crude units. New 45,000 b/d FCC Abadan New Refinery 2011...
Volume: 49Issue: 37Published at Mon, 11 Sep 2006 -
APICORP Lifts MENA Five-Year Energy Investment Call By 52% To $395Bn
...ergy investment requirements in the Middle East and North Africa (MENA) region for the next five years to 2011, published on 1 September, APICORP has lifted its forecast by 52% to $395bn, reflecting a mix of soaring project costs and expanded scope for projects on the drawing board and already un...
Volume: 49Issue: 36Published at Mon, 04 Sep 2006 -
NIORDC Clarifies Iran’s Crude Distillation Capacity Expansion Plan
...UD Distillation Kermanshah Expansion 2009 18 Early stage Distillation Bandar Abbas New Refinery 2011 160 UD...
Volume: 49Issue: 34Published at Mon, 21 Aug 2006