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Permit Approvals Set To Boost Apache’s Egyptian Production
...important component of its future Egyptian operations. Meanwhile, a compression project due onstream in 2014 will help prolong plateau wet gas production – and provide an initial 12,000 boe/d boost – at the Qasr field on the Faghur basin’s Khalda concession. ...
Volume: 55Issue: 14Published at Mon, 02 Apr 2012 -
BP Begins Production At North Shadwan
...EGYPT/EAST MEDITERRANEAN BP Begins Production At North Shadwan BP has started production from its North Shadwan block in Egypt’s Gulf of Suez. Initial production of 1,000 b/d from the block’s NS 377 field will ramp up to 12,000 by 2014 as two further fields on the block come on st...
Volume: 55Issue: 12Published at Mon, 19 Mar 2012 -
SEC Seeking Developers For Power Plant Based On Fuel Oil
...oviding equipment and start-up is scheduled for June 2014. SEC’s second IPP, a Riyadh gas-fired project, is being developed by GDF Suez, Aljomaih Holding Company of Saudi Arabia and Sojitz Corporation of Japan. Commonly known as PP11, it will generate 1.73gw, with early power expected by May 20...
Volume: 55Issue: 12Published at Mon, 19 Mar 2012 -
Australia’s Beach Sees ‘Imminent’ Start to Egyptian Production
...ys initial production from the BP-operated block is “imminent”, with first oil coming from the NS 377 field. Production is set to build to around 12,000 b/d by 2014 as other fields come on stream. Of the block’s discoveries, NS 377 is the nearest to the Sinai coast (see map). Production fr...
Volume: 55Issue: 10Published at Mon, 05 Mar 2012 -
Alnaft Says $1.5Bn Timimoun Project Set For 2014 Start-Up
...ALGERIA Alnaft Says $1.5Bn Timimoun Project Set For 2014 Start-Up Algeria’s Southwest Gas Project appears ready to take a further step forward. Sid Ali Berata, chairman of Algeria’s upstream regulator Alnaft, told the country’s state news agency APS that investment in the Total-led Ti...
Volume: 55Issue: 09Published at Mon, 27 Feb 2012 -
BP Sees North Africa As Key Exploration Area
...t to recover an estimated 5 tcf of gas and associated condensate though the subsea development of five offshore fields into a new onshore gas plant, with first gas anticipated for late 2014 (MEES, 26 July 2010). Algerian investment Of the company’s “key global projects” slated to come on st...
Volume: 55Issue: 09Published at Mon, 27 Feb 2012 -
Saudi Aramco And Pertamina Sign MOU For 300,000 B/D Java Refinery
...gineering packages are in the process of getting awarded (MEES, 1 August 2011). But an official green light for a major expansion at Petro Rabigh is still being delayed. A final investment decision (FID) was originally to have been made in late 2010/early 2011, to allow for start-up in 2014. But partner Su...
Volume: 55Issue: 09Published at Mon, 27 Feb 2012 -
Akenerji Awards Turbine/Generator Contract To GE
...atement released on 13 February that the deal includes a 12-year service agreement. The Egemer plant, scheduled to come into commercial operation in the third quarter of 2014, will generate 900mw, enough to meet 2.6% of Turkey’s current electricity requirements. The plant will add an incremental 1.6% to Tu...
Volume: 55Issue: 08Published at Mon, 20 Feb 2012 -
IMF: Economic Outlook For Qatar Favorable Despite External Risks
...owth is expected to be driven primarily by manufacturing, financial services, trade and hotels. Real hydrocarbon GDP growth however is projected to slow to 3% as LNG production remains constant on account of Qatar’s self-imposed moratorium on the development of new North Field projects until 2014 (ME...
Volume: 55Issue: 07Published at Mon, 13 Feb 2012 -
North-South Row Set To Continue As African Union Plan Is Rejected
...e end of 2014. These figures are still up for discussion, however, with an exact figure expected within the next 30 days. “The AU has lost sight of the principle of mutual economic viability,” South Sudan’s chief negotiator Pagan Amum was quoted as saying. “We could not sign; they were stealing th...
Volume: 55Issue: 06Published at Mon, 06 Feb 2012 -
KOTC Planning Expansion Of Fleet With Purchase of Nine Tankers
...d four petroleum products tankers, respectively. Construction work on the vessels is expected to be completed by 2014. “With this move, KOTC will realize its strategic goal set in coordination with the Kuwait Petroleum Corporation (KPC) to enhance the KOTC fleet to include 33 tankers,” Mr Bo...
Volume: 55Issue: 05Published at Mon, 30 Jan 2012 -
IMF Marks Down Global Growth, But Keeps MENA Forecast Unchanged
...st week, the US Federal Reserve said it sees low interest rates until at least late 2014 – its previous forecast had said that rates were to remain the same until the middle of 2013. IMF Director Christine Lagarde has called for its member countries to provide a further $500bn to allow it to meet an...
Volume: 55Issue: 05Published at Mon, 30 Jan 2012 -
Saudi Aramco/Sinopec Refinery Deal Highlights Growing Sino-Saudi Energy Axis
...yadh airport by the head of Saudi intelligence, Prince Muqrin bin ΄Abd al-Aziz, signaling security concerns were a major subject of discussion. YASREF is scheduled to come on stream in late 2014, Saudi Aramco said. It will produce “90,000 b/d of gasoline, 263,000 b/d of ultra-low-sulfur diesel, al...
Volume: 55Issue: 04Published at Mon, 23 Jan 2012 -
Tamar Partners Sign Gas Sales Contracts
...ars if all volumes provided for in the agreement have not been consumed. Supply is expected to begin during the second half of 2014. The Tamar partners on 9 December signed 16-year supply agreements with Ramat Negev Energy and Ashdod Energy, both of which are owned 58% by Edeltech and 42% by Zo...
Volume: 55Issue: 03Published at Mon, 16 Jan 2012 -
Noble To Resume Work On Leviathan-1 Well In Search Of Crude
...2bn and with deliveries scheduled to begin in 2014. GGR Plans Myra And Sarah Wells To Start Late February GeoGlobal Resources has confirmed to MEES that drilling will begin in Israel’s offshore Myra Block in late February using the Homer Ferrington rig. GGR will be targeting a gas prospect in th...
Volume: 55Issue: 03Published at Mon, 16 Jan 2012 -
IMF Says Oman’s Economy Grew By 5.5% In 2011
...10 2011 2012 2013 2014 Proj 2015 2016 Oil and Gas Se...
Volume: 55Issue: 01/02Published at Mon, 09 Jan 2012 -
Qatari Economic Growth To Slow In 2012, IMF Warns
...eld projects until 2014, while substantial investment in infrastructure, coupled with increased levels of production in the country’s manufacturing sector is projected to boost growth in the country’s real non-hydrocarbon GDP to 9%. Consequently, the IMF went on to suggest that the medium term outlook fo...
Volume: 55Issue: 01/02Published at Mon, 09 Jan 2012 -
Uzbekneftegaz Signs Agreement With PetroChina For Gas Supply
...bekistan’s state firm Uzbekneftegaz for the export of 25 bcm/year of gas to China through a planned third branch of the system. The third line is scheduled to be commissioned in 2014. Construction will be funded through direct investment by PetroChina’s parent firm China National Petroleum Corporation (CN...
Volume: 54Issue: 52Published at Mon, 26 Dec 2011 -
Jordan Announces Austerity Draft Budget For 2012
...5bn of this aid, which could be very timely in helping the kingdom’s growth in the next few years. The deficit (after grants) in 2012 will represent 4.6% of GDP, down from 6.2% in 2011, the minister pointed out. It is expected to fall further to 4% in 2013 and 3.5% in 2014. The kingdom’s pu...
Volume: 54Issue: 52Published at Mon, 26 Dec 2011 -
Qatar Awards $233Mn Power Deal To South Korea’s Hyosung
...oup, to construct eight electricity substations in Qatar by the start of 2014. “The contract was signed in November this year, and is hoped to be completed by January 2014,” a company spokesman told MEES. Under the terms of the $233mn deal signed with Qatar General Electricity and Water Co...
Volume: 54Issue: 52Published at Mon, 26 Dec 2011