- Sort by:
- Score
- Published ▼
-
TANAP Framework Agreement Signed By Turkey And Azerbaijan
...quirements for the receipt of 6 bcm/y of gas from Shah Deniz 2 via TANAP. The TANAP pipeline, which was announced in November 2011, is intended to become operational by 2018 and expected to cost around $7bn. Turkey’s Botas and Azerbaijan’s Socar are the initial shareholders, with respective stakes of 20% and 80...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
Turkmen Exports Via BTC Increasing, Socar Data Indicates
...though Iran subsequently looked to resume the swaps trade. In 2010 1.3mn tons (26,100 b/d) of Turkmen oil was exported through BTC, rising in 2011 to 2.1mn tons (43,200 b/d). Exports for the first half of 2012 have already reached 1.4mn tons (56,000 b/d). ...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
BP Starts Up Offshore Seth Field Adding 170Mn CFD To Egyptian Gas Output
...mpleted in 2011 with the completion of new compression capacity. In addition to the Seth start up this was necessitated by a 30% hike in El Temsah production to around 11bcm for 2011 with the start-up of production at the Denise B field which in turn followed 2010’s start-up of 1.6 bcm/y of production at co...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
EU Sanctions Hit Iran Crude, No Reprieve For Tanker Insurance
...pan. At the same time, Japan has reduced its crude imports from Iran: the Ministry of Finance said that they were down 46.5% in May to 106,000 b/d versus May 2011. India is taking a different route and using Iranian ships with Iranian cover, although experts have questioned how payments could be made in...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
CNPC’s South Pars Phase 11 Project Frozen
...IRAN CNPC’s South Pars Phase 11 Project Frozen The National Iranian Oil Company (NIOC) has frozen China National Petroleum Corporation’s (CNPC’s) $4.7bn contract to develop South Pars Phase 11. In June 2011 it warned CNPC it would cancel the project if it does not fulfill the te...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
Ex-Im To Provide $3Bn To Sadara Petchem Project
...ll want to undercut a recent benchmark – the Qatar Petroleum/ExxonMobil 1.4bn cfd gas/NGL Barzan gas project. Costing $10bn, it was the largest project financing completed last year and secured pricing of 130-200 bps over the 16-year tenor on the commercial bank tranche (MEES, 19 December 2011...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
3.3Mn T/Y Saudi Polymers Company Project Starts Up
...SAUDI ARABIA 3.3Mn T/Y Saudi Polymers Company Project Starts Up The Saudi Polymers Company (SPC) project in Jubail, which includes the construction of an olefins cracker, has started operations. The sponsors had originally been targeting the first quarter of 2011, and then the da...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
Sudan Government Holds Firm On Subsidy Cuts As Protests Continue
...ar, losing with it around three-quarters of its oil revenues which, prior to the secession, made up the lion’s share of the country’s revenues. The two sides have been locked in talks since, over a number of issues including the sharing of oil revenues (MEES, 11 July 2011), but have as yet been unable to...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
ERC’s Musturud Refinery Project Secures Funding Despite Political Turmoil
...nsions. The project was kept on ‘life support’ through the 2011 tumult because its economics are compelling. The Egyptian authorities have acknowledged that it will help alleviate the country’s growing products shortage. On announcing the deal’s completion, ERC parent, private equity company Citadel Ca...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
Egyptian Equities Tumble To Five-Month Low On Rising Political Tensions
...nual rate to 8.3%, down from 8.78% in the previous month. Preliminary data, said the CBE, showed that real GDP climbed 5.2% in the third quarter (fiscal 2011-12 began on 1 July 2011) following “feeble” growth of 0.35% in the first two quarters. During the first three quarters GDP was up 1.8% on the ba...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
BP Starts Drilling Of First Risha Gas Well
...ccessful 5,000 sq km seismic acquisition program in 2011,” BP said adding that the survey was one of the largest ever acquired in the Middle East. The well in the Risha concession, located 360km east of 'Amman near the Jordanian-Iraqi border, is expected to take three to four months to complete and a nu...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
Kuwait’s Al-Zour Refinery ‘Progressing’, Says Minister
...troleum Company (KNPC) expecting to relaunch the tender after getting the green light from both the country’s Supreme Petroleum Council (SPC) and Kuwait’s Ministry of Oil (MEES, 7 November 2011). “There were some concerns from parliament [in the past], but these concerns were not about the re...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
IMF Says Kuwait’s 2012 Economic Outlook Positive Despite Political Instability
...WAIT IMF Says Kuwait’s 2012 Economic Outlook Positive Despite Political Instability Kuwait’s real GDP growth in 2011 is estimated at around 8.4%, supported by a 15% increase in oil production, the IMF said in its Article IV consultation with Kuwait, published on 15 June. Higher oil revenues re...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
BP And AGOCO Seek Contractors For Libyan Work
...lf of Sirte will follow the start of onshore drilling, likely in 2013. Offshore drilling had also been planned for the first half of 2011. AA notice posted on the website of Libya’s National Oil Corporation (NOC) on 16 June called for contractors “to register their interest for the pr...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
BP Foresees Shah Deniz 2 Costs Hike, Pipeline Groups Maneuver
...tual cost. Socar President Rovnag Abdullayev said that the final cost could “vary by 30%, either upward or downward, in the course of the project” (MEES, 23 April). As late as June 2011, BP’s estimated cost for Shah Deniz 2 was $20bn (MEES, 13 June 2011). Mr Javanshir attributed the projected cost in...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
Kazakh Supply Deal With Russia To Stabilize Flow To Pavlodar Refinery
...arges on hydrocarbon sales under a customs union between Russia, Kazakhstan and Belarus, Mr Shatalov said Russia had lost around $780mn since the beginning of the year as a result of duty-free oil exports. Kazakhstan imported 7mn tons of Russian oil in 2011 to supply the Pavlodar refinery (MEES, 28 Ma...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
CNPC And Turkmenistan Sign 65 BCM/ Y Gas Deal
...s export system by 2019-20 (MEES, 28 November 2011). China expects to double its annual imports of Turkmen gas to 30 bcm by the end of 2012 compared with 15 bcm in 2011. (MEES, 11 June). ...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
Egypt Unveils Plan For Petrochemical Complex
...ll be one of the largest projects to be set up after the January 2011 revolution in Egypt, was formally launched earlier in Washington at a meeting attended by a number of Egyptian and US companies. The project, with an estimated cost of $3.7bn, is to be financed by two loans totaling $2.6bn, which ar...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
Saudi Arabia Gives Further Details Of Its Aid To Egypt
...YPT/SAUDI ARABIA Saudi Arabia Gives Further Details Of Its Aid To Egypt Saudi Arabia has given further details about its aid package of $3.75bn to Egypt, pledged after the fall of the Mubarak regime in January 2011. Saudi Arabia announced on 8 June that under this package it had ap...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
US Announces Further Sanctions Exemptions, Turkey Implements Boycott
...gnificantly reduced their volume of crude oil purchases from Iran.” While the Obama administration has not specified exact amounts for reduction of imports of Iranian crude, senators who have been driving the anti-Iranian legislation through Congress have stated that an 18% reduction compared to 2011 levels wo...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012