- Sort by:
- Score
- Published ▼
-
IAB Invites International Experts To Review UAE Nuclear Energy Plans
...e year 2020, official figures show. The UAE is planning to build four nuclear power plants by 2020 as part of a $20bn nuclear program scheduled to begin commercial operations by 2017 (MEES, 14 November)....
Volume: 54Issue: 47Published at Mon, 21 Nov 2011 -
UAE Outlines Financing And Fuel Intentions For $20Bn Nuclear Program
...velop four nuclear reactors in the UAE. In 2009, Korea Electric Power Corporation (KEPCO) was awarded the contract to complete the construction of the four plants from 2017 to 2020, to making the UAE the first Gulf Arab nation with nuclear power (MEES, 4 January 2010). The financing structure for th...
Volume: 54Issue: 46Published at Mon, 14 Nov 2011 -
Turkey, Azerbaijan Sign Landmark Transit Agreement
...peline, a tariff tender for the transit of the 10 bcm/y of SD2 production that will become available by 2017-18, all welcomed the decision. It is seen as the final step before the full implementation of Europe’s Southern Gas Corridor strategy that aims to limit the EU’s dependence on Russian gas. The pa...
Volume: 54Issue: 44Published at Mon, 31 Oct 2011 -
Greece Links DEPA Sale To ITGI, Nabucco’s Viability Questioned
...lgaria starts up. “TGI is ready to transport gas to Europe and the Balkan States from 2012-13, so it will be ready for transportation of Shah Deniz gas in 2017.” The Greek Minister also underlined that ITGI will not face any problems with its financing, a worry that has been exacerbated due to Gr...
Volume: 54Issue: 44Published at Mon, 31 Oct 2011 -
ADMA-OPCO Awards Nasr Field FEED Contract To Fluor
...bsea pipelines and an export pipeline to Das Island. Last year ADMA-OPCO announced that it planned to spend at least $10bn developing two offshore fields –Umm Lulu and Nasr – to boost the firm’s crude output 60% by 2017. A first phase development would have a 50,000 b/d oil production capacity, wi...
Volume: 54Issue: 43Published at Mon, 24 Oct 2011 -
Nabucco Schedule Slips Again, Kazakhstan Declines Trans-Caspian Offer
...peline would be ready to start shipping Azeri gas from Shah Deniz Phase 2 in 2018 rather than the earlier scheduled start-up of 2017. This means that the construction start-up date for the 31 bcm/y capacity, $14bn project may be pushed back to 2014. Mr Roiss is currently touring Central Asian ca...
Volume: 54Issue: 42Published at Mon, 17 Oct 2011 -
DP World Revenues Cushioned By Emerging Market Operations, Says Moody’s
...grading the rating on the $1.5bn Sukuk issued by DP World Sukuk Ltd, which is due in 2017 (MEES, 18 April). With a healthy cash balance of $4.1bn as of June 2011, relative to moderate debt maturities to 2017, the ratings agency suggests the group is in good health: “DP World remains well positioned de...
Volume: 54Issue: 42Published at Mon, 17 Oct 2011 -
Dubai Plans Major Solar Power Plant
...bai government has previously said it expects to start its first nuclear power plant in 2017 – with local authorities expressing their hope that nuclear energy would eventually supply up to 25% of the countries demand for power. “The strategy of Dubai has looked at an array of alternatives and we ar...
Volume: 54Issue: 40Published at Mon, 03 Oct 2011 -
NOC Poised To Launch 300,000 B/D Kirkuk Rescue Plan
...ntracts for the expected 110,000 b/d Najma field and the 120,000 b/d Qayara field. These are not scheduled to reach plateau output until 2017. Both projects are progressing slowly, MEES understands. NOC currently flares around 100mn cfd of its 300mn cfd gas production. But this is to be radically re...
Volume: 54Issue: 38Published at Mon, 19 Sep 2011 -
Sohar Aluminium To Assist OPWP To Meet Peak Power Demand
...ojected to increase from 1.924gw in 2011 to 3.464gw by 2017, an average growth rate of about 9% per year(MEES, 16 May). Currently, Oman’s net power generation capacity is 3.8gw and is fully contracted to OPWP under long-term power and water purchase agreements....
Volume: 54Issue: 38Published at Mon, 19 Sep 2011 -
Hess, Petroceltic Swoop To Take KRG Blocks
...e block and push for a major capacity expansion. It plans to hit 15,000 b/d by end 2012, 35,000 b/d by end 2013 and 125,000 b/d (75,000 b/d net to Afren) by 2017. Hot Spot As KRG output rises and the region appears to be in stronger position than vis-a-vis Baghdad, a string of other co...
Volume: 54Issue: 31Published at Mon, 01 Aug 2011 -
Socar Looking To Take Equity In Winning Shah Deniz 2 Export Pipeline
...mpany will look to buy shares in the pipeline consortium selected to deliver the 10 bcm/year of gas to Europe after 2017 from the Shah Deniz Stage 2 gas field development. He said that Socar was willing to purchase shares in the winning consortium “in order to assist in financing, to assist in op...
Volume: 54Issue: 25Published at Mon, 20 Jun 2011 -
Nabucco Legal Framework Agreed As Southern Corridor Race Heats Up
...able. The main issue is whether by 2017 (the planned date of commencement of gas supplies for Nabucco) there will be enough gas.” If this is not the case, “other options will be considered – small pipelines, which can later be enhanced as new volumes of gas are available,” Mr Morningstar said. “Pr...
Volume: 54Issue: 24Published at Mon, 13 Jun 2011 -
Methanol Chemicals Company Agrees $222Mn Refinancing Deal
...mpany announced on 5 June on the Saudi bourse’s website. The Murabaha refinancing facility, which ends on 15 December 2017, was signed by SABB, Riyad Bank and Samba. It includes restructuring of a SR326mn ($87mn) cost overrun facility agreement dated 27 October 2009 and due on 18 November 2011, as we...
Volume: 54Issue: 24Published at Mon, 13 Jun 2011 -
Nabucco Announces Further One-Year Delay, Construction Now To Start In 2013
...s expected in the second half of 2011, for at least one year. He said that construction of the pipeline could start in 2013 with the aim of transporting its first gas volumes in 2017. Yet this may not be the last postponement for the project since Mr Mitschek observed that “the ‘open season’ pr...
Volume: 54Issue: 20Published at Mon, 16 May 2011 -
OPWP Projects Oman Power Demand Will Near 3.5GW By 2017
...Middle East Economic Survey VOL. LIV No 20 16-May-2011 oman OPWP Projects Oman Power Demand Will Near 3.5GW By 2017 Average demand for electricity in Oman is projected to increase from 1.924gw in 2011 to 3.464gw by 2017, an average growth rate of about 9% per year, according to...
Volume: 54Issue: 20Published at Mon, 16 May 2011 -
Socar Offers BP Option To Explore For Further Gas In Shah Deniz And ACG Fields
...gotiations are in their final stage. The investment amount and other details are under discussion right now.” He noted that ACG’s deep gas reserves are estimated at 200-250 bcm and that Socar was looking for production to begin as early as 2017, first from Chirag and Guneshli and then from Azeri. He ad...
Volume: 54Issue: 17Published at Mon, 25 Apr 2011 -
Qatar’s $5Bn Barzan Project Financing Moving Ahead
...ve been awarded and progress has been made on the financing plan further big delays are not expected, although a slip to 2015 would not be problematic, given that Qatar has a gas surplus up to 2017 and does not need new North Field supply (MEES, 13 December 2010). Barzan is a two-train project an...
Volume: 54Issue: 17Published at Mon, 25 Apr 2011 -
Levant Basin Gas Potential Shows Upside For Israel, Companies Involved, Says UBS
...2017 and that “tighter market conditions towards 2015, and the inclination of European and Asian buyers to diversify their supply base should help to secure supply agreements.” For monetizing Leviathan, the bank said it views a gas pipeline through Turkey (such as those planned as part of th...
Volume: 54Issue: 16Published at Mon, 18 Apr 2011 -
Moody’s Upgrades DP World Ratings To Baa3
...5bn sukuk issued by DP World Sukuk Limited, which is due in 2017. All ratings have a stable outlook. “The rating action reflects Moody’s view that the company has achieved credit metrics that are commensurate with a higher rating category and are likely to be maintained over the medium term,” said Fr...
Volume: 54Issue: 16Published at Mon, 18 Apr 2011