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  1. 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: 50
    Issue: 22
    Published at Mon, 28 May 2007

  2. Kuwait Doubles Budget For Al-Zour Refinery Project

    ...rry out a new tender for the project in July, based on a cost plus profit basis. Delays to tendering the venture have pushed back planned start-up from 2010 to 2011. “Kuwait Petroleum Corporation’s (KPC) board of directors has approved the additional funds required and the way forward to implement th...

    Volume: 50
    Issue: 20
    Published at Mon, 14 May 2007

  3. Kazakhstan And Japan Sign 24 Uranium, Nuclear Energy Agreements

    ...peline is designed to ship up to 900,000 b/d across the Balkans from Bulgaria’s Black Sea port of Burgas to the Albanian port of Vlore on the Adriatic Sea, a distance of 900km. AMBO is to be complete by 2011. In January, officials from Albania, Macedonia and Bulgaria signed an accord endorsing th...

    Volume: 50
    Issue: 19
    Published at Mon, 07 May 2007

  4. Ma'aden, Alcan Sign HOA For Proposed $7Bn Integrated Aluminum Joint Venture

    ...dustrial City at Ras al-Zour. First metal would be expected during the first quarter of 2011, and first alumina a year later. Next steps will include completing the joint venture agreement and pursuing project financing arrangements for capital costs, Alcan said....

    Volume: 50
    Issue: 19
    Published at Mon, 07 May 2007

  5. 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: 50
    Issue: 18
    Published at Mon, 30 Apr 2007

  6. 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: 50
    Issue: 18
    Published at Mon, 30 Apr 2007

  7. Stirring The Blends

    ...2 1,099 2009 634 562 975 2010 528 510 850 2011 451 463 745 2012 364 389 618 Table 2 Cargoes Per Year Forties Flotta To...

    Volume: 50
    Issue: 17
    Published at Mon, 23 Apr 2007

  8. 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: 50
    Issue: 16
    Published at Mon, 16 Apr 2007

  9. 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: 50
    Issue: 16
    Published at Mon, 16 Apr 2007

  10. 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: 50
    Issue: 16
    Published at Mon, 16 Apr 2007

  11. 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: 50
    Issue: 15
    Published at Mon, 09 Apr 2007

  12. 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: 50
    Issue: 14
    Published at Mon, 02 Apr 2007

  13. 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: 50
    Issue: 11
    Published at Mon, 12 Mar 2007

  14. 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: 50
    Issue: 09
    Published at Mon, 26 Feb 2007

  15. 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: 50
    Issue: 08
    Published at Mon, 19 Feb 2007

  16. 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: 50
    Issue: 08
    Published at Mon, 19 Feb 2007

  17. 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: 50
    Issue: 07
    Published at Mon, 12 Feb 2007

  18. 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: 50
    Issue: 07
    Published at Mon, 12 Feb 2007

  19. Daelim, IRGC Awarded Contract To Construct LNG, LPG Storage Facilities

    ...rst LNG until 2011 at the earliest....

    Volume: 50
    Issue: 07
    Published at Mon, 12 Feb 2007

  20. 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: 50
    Issue: 07
    Published at Mon, 12 Feb 2007