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Khelil Says Repsol And Partner To Cover Cost Of Gassi Touil Delay
...sult of a delay in the Gassi Touil LNG project, including the earnings lost by the state through missed LNG sales – an amount that could prove to be sizeable. The $3bn integrated project is scheduled to come on-stream in 2009, but delays will likely push that back to 2011. Initially, Repsol was re...
Volume: 50Issue: 16Published at Mon, 16 Apr 2007 -
Saudi Aramco Says Manifa Project On Schedule
...Middle East Economic Survey VOL. L No 16 16-Apr-2007 SAUDI ARABIA Saudi Aramco Says Manifa Project On Schedule The Manifa Arabian Heavy Crude Program project is on schedule to be completed in June 2011, according to Saudi Aramco. Foster Wheeler won the front-end engineering de...
Volume: 50Issue: 16Published at Mon, 16 Apr 2007 -
Looking Beyond Petroleum: A Stronger Case For Economic Diversification In MENA Region
...ices 2005 Avg Base Price Expected Annual Escalation Annual Escalation Needed To Unify ($/Mn BTU) During 2007-11 (%) Prices to $1.50/Mn BTU In 2011 (%) Algeria 0.65 3.0 18.2 Egypt 1....
Volume: 50Issue: 15Published at Mon, 09 Apr 2007 -
IMF Estimates Jordan’s GDP Growth At 6% In 2006
...itical role played by supportive macroeconomic and structural policies over the past decade and stressed the need to stay on course with the economic reform agenda. They welcomed the government plan to introduce a new public debt ceiling of 60% of GDP by 2011 and observed that with Jordan already we...
Volume: 50Issue: 14Published at Mon, 02 Apr 2007 -
ADWEC Forecasts Additional IWPP Capacity Will Be Needed From 2011
...Middle East Economic Survey VOL. L No 11 12-Mar-2007 UAE ADWEC Forecasts Additional IWPP Capacity Will Be Needed From 2011...
Volume: 50Issue: 11Published at Mon, 12 Mar 2007 -
Second Gas Well At Shah Deniz Ready For Operation
...date of 2011-12 was missed the pipeline would reach a maximum capacity of 30 bcm/y by 2018-19 as planned. The Nabucco consortium is also looking for an additional European partner to help finance the $5.5bn project. German Chancellor Angela Merkel on 14 February visited Ba...
Volume: 50Issue: 09Published at Mon, 26 Feb 2007 -
Oil Supply Will Marginally Outpace Demand Growth To 2011, Says IEA
...Middle East Economic Survey VOL. L No 8 19-Feb-2007 Oil Supply Will Marginally Outpace Demand Growth To 2011, Says IEA Worldwide oil supplies will ma...
Volume: 50Issue: 08Published at Mon, 19 Feb 2007 -
KazMunaiGaz Signs Accord For KCTS Export Route With Key Kazakh Producers
...ude between Burgas on the Black Sea and Alexandroupolis on the Aegean (MEES, 25 December). Construction is to begin in 2008 and completion of the 285km pipeline is set for 2011. Work on the proposed Samsun-Ceyhan crude oil pipeline is due to get under way this spring fo...
Volume: 50Issue: 08Published at Mon, 19 Feb 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 -
Daelim, IRGC Awarded Contract To Construct LNG, LPG Storage Facilities
...rst LNG until 2011 at the earliest....
Volume: 50Issue: 07Published at Mon, 12 Feb 2007 -
Kahramaa Boosts Budget For 2007 By 71% To Meet Surging Power, Water Demand
...e previous year with water purchasing up 16%. The company recorded that peak demand had risen by 18% in the year. Kahramaa reiterated scheduled completion dates for major power and water projects already under way: Ras Laffan C to produce 2,600mw by June 2011; Ras Abu Fo...
Volume: 50Issue: 07Published at Mon, 12 Feb 2007 -
Belgium’s Jan De Nul Wins Manifa Dredging Contract
...oduction by 2011. The dredging work is due to be complete in 2009. As well as the shallow water drilling, the project will comprise onshore oil and gas facilities as well as deeper-water offshore drilling facilities. In addition to oil, the project will produce 120mn cfd of associated gas, which will be...
Volume: 50Issue: 07Published at Mon, 12 Feb 2007 -
Yemen Should Adopt Floating Exchange Rate To Counter Declining Oil Production, Says IMF
...kely to become a net fuel importer by 2011, and to fully exhaust its reserves of crude oil by 2018, stated the IMF working paper. ...
Volume: 50Issue: 07Published at Mon, 12 Feb 2007 -
NIOC Signs Agreement With Shell And Repsol For South Pars 13-14 Feasibility Study
...ticipated in 2011-12. Another planned Iranian LNG project, the 10mn t/y Pars LNG scheme where Total is operator, has signed sales agreements for 3mn t/y each with PTT and PetroChina, with first deliveries due in 2011 (MEES, 11 December 2006). US Threatens Review Of South Pars 13-14 Deal With Regards To...
Volume: 50Issue: 06Published at Mon, 05 Feb 2007 -
Statement By The IMF Representative At The International Donors’ Conference For Lebanon, Paris 25 January 2007
...licy measures has been evaluated in a medium-term scenario by IMF staff. The scenario confirms the authorities' own estimate that fiscal adjustment, electricity sector reform, and the planned partial privatization could bring down the debt ratio to under 150% in 2011, from 188% in 2006. Most of the re...
Volume: 50Issue: 06Published at Mon, 05 Feb 2007 -
IEA Trims Oil Demand Growth Forecast Following Large US Data Revisions
...portantly, however, Angola’s production prior to OPEC membership was due to rise to 2.25mn b/d in 2009 and 2.40mn b/d in 2011 based on planned developments, net of field decline. The cartel has thus gathered into the fold one of the six main sources of likely non-OPEC growth over the coming five years. Th...
Volume: 50Issue: 04Published at Mon, 22 Jan 2007 -
Kuwait On Track To Start Northern Gas Development By End-Year
...scovery at the Umm Niga and Sabriya fields in the north of the country has been confirmed to contain 35 tcf of gas in place. As such, the phased development plan envisages initial production of 175mn cfd, rising to 600mn cfd by the end of 2011 and 1bn cfd by 2015. KOC is expected to carry out the de...
Volume: 50Issue: 04Published at Mon, 22 Jan 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 -
NIORDC Lines Up Essar And Star Petrogas For New Refinery JVs
...ant on-line in 2011. It will process heavy crudes including Soroush and Nowruz, freeing up lighter grades for export. Meanwhile, NIORDC is also holding talks with Indonesia’s Star Petrogas regarding a 50% equity interest in a 360,000 b/d condensate refinery joint venture, also to be built at Bandar Ab...
Volume: 50Issue: 03Published at Mon, 15 Jan 2007