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Question Mark Hangs Over ADNOC Oil Concessions
...om six oil fields in a 21,000 sq km a concession area, ends in January 2014 (MEES, 22 February). It aims to have a production capacity of 1.8mn b/d by 2017, according to ADNOC. An offshore oil joint venture, ADMA-OPCO – ADNOC 60%, BP 14.67%, Total 13.33% and Japan Oil Development Company (JODCO) 12...
Volume: 53Issue: 31Published at Mon, 02 Aug 2010 -
KMG And Shell To Lead Kashagan Phase 2 Development
...nounced on 28 July that the tenders for the doubling of its throughput capacity to 2.7mn b/d will be completed before the end of the year. Some 1.05mn b/d of the additional capacity will be dedicated to the export of Kazakh oil. The expansion is expected to cost $4.5bn and to be completed by late 2014...
Volume: 53Issue: 31Published at Mon, 02 Aug 2010 -
Shuweihat S3 Power Plant Attracts Bids From Five Consortia
...e third plant at the Shuweihat location on the coast of al-Gharbia, west of Ruwais, is scheduled to provide early power in summer 2013 and be fully operational before the 2014 summer peak loading period. ADWEA plans to announce the winning bid consortium, which will be a 40% joint venture partner, by...
Volume: 53Issue: 31Published at Mon, 02 Aug 2010 -
Qatar Eyes Iran As Tehran Pushes Shared Oil Field Development
...possible for Qatar to produce an accurate computer model of the depletion rate, at a time when Doha has imposed a moratorium on future major development projects before 2014, while it studies the field. Tehran’s Concerns Tehran is concerned that the Qatari gas development – which is far in front of Ir...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
Eni Discusses Upstream Expansion In Azerbaijan
...ilure to clear the Burun acquisition with Asghabat before completing the deal. Eni also expects its gas availability to increase through its equity in Petronas offshore fields, where total gas production is intended to reach 8-10 bcm/y by 2014-15. However, there are doubts over the economics of the CNG ex...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
Vitol To Build New Oil Terminal In Cyprus
...elling its electricity generation by 2014, and has already compiled a shortlist of potential LNG providers. Meanwhile, the island’s electricity authority is currently seeking partners for the development, financing and operation of an LNG storage and regasification terminal – also at Vasilikos – expected to...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
ERC’s $2.35Bn Musturud Refinery Project Financing Nears Completion
...ntractors are Japan’s Mitsui and Korea’s GS Engineering, and the expansion and upgrading is being implemented as a lump sum turnkey (LSTK) contract. Completion is planned for 2014. Construction is scheduled to begin shortly after financial close, although some long lead time items have already been ordered....
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
BP Sells Off Egyptian Assets To Apache To Help Fund Oil Spill Clean Up
...rst gas anticipated for late 2014. Other BP projects in Egypt include the Pharaonic Petroleum Company (PhPC) joint venture with the Egyptian Natural Gas Holding Company (EGAS), which operates gas assets in the Nile Delta, and the Gulf of Suez Petroleum Company, a joint venture with EGPC. Its also su...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
IMF Expects Kuwait’s Economy To Rebound In 2010
...scal year ending March 31, eg 2007 refers to fiscal year 2007-08. 3. In 2006-07 KD2bn was transferred to partly cover the actuarial deficit of the Public Pension Fund. In 2008-09, KD5.5bn was transferred. KD1.1bn is budgeted for each year from 2010-11 to 2014-15. 4. Excludes investment income and pe...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
Oman To Request Proposals For New IPP At Sur
...wer ahead of summer peak demand in 2013, with full commissioning of the facility slated to coincide with summer peak demand in 2014. The site is ready for construction, with access to the sea and with gas available via an existing pipeline that feeds a nearby LNG plant, the company said. OPWP had or...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
Industry Questions Absence Of Major In Abu Dhabi’s Shah Gas Project
...train (MEES, 17 May). The plant will supply around 540mn cfd of gas into the UAE grid, with the bulk of the waste gas being toxic and corrosive hydrogen sulfide, by the third quarter of 2014. “The project can only be operated safely in a partnership with a major,” a UAE source told MEES. The te...
Volume: 53Issue: 29Published at Mon, 19 Jul 2010 -
Construction Begins On Ras Al-Zour Aluminum Smelter
...uor and WorleyParsons were sent a letter of intent for engineering, procurement and construction management (EPCM) services for the bauxite mine and alumina refinery, which will have initial capacities of 4mn t/y and 1.8mn t/y, respectively, and will come online by December 2014. Fluor was meanwhile se...
Volume: 53Issue: 29Published at Mon, 19 Jul 2010 -
BP Courts Potential Gulf Investors
...so 14.67% in ADMA for the offshore sector (along with ADNOC, Total and Japan Oil Development Company). The former expires in 2014, and the latter in 2018 (MEES, 4 May 2009). It also holds an interest in the proposed Hydrogen project with Masdar (MEES, 28 June). The company’s other large holdings in th...
Volume: 53Issue: 28Published at Mon, 12 Jul 2010 -
Question Mark Over $6Bn ExxonMobil Qatar Petrochemicals Project
...xonMobil has a stake in four of Qatar’s LNG mega-trains, and two conventional North Field gas projects: 2bn cfd al-Khaleej, which is on stream, and 1.5bn cfd Barzan, which will start up in 2014. Barzan and al-Khaleej’s second phase will provide the domestic market with gas. The first phase of al-Khaleej su...
Volume: 53Issue: 28Published at Mon, 12 Jul 2010 -
MEES Agenda: Lebanon Pushes Reform Plan For Its Troubled Power Sector
...oduction costs. The reform plan is expected to result in a power sector with more than 4.0gw generation capacity by 2014 and 5.0gw after 2015. The plan envisages an investment of $4.87bn to raise capacity to 4.0gw. The government of Lebanon expects to invest up to $1.5bn, with $2.3bn coming from the pr...
Volume: 53Issue: 28Published at Mon, 12 Jul 2010 -
GCC Economies Return To More Robust Growth, Says Samba
...rrently slated to run to 2014 will at some stage be lifted. This is likely to prompt another round of gas based industrial development and provide additional stimulus to Qatar’s promising longer term growth prospects,” concludes the report....
Volume: 53Issue: 28Published at Mon, 12 Jul 2010 -
Tighter Sanctions Aimed At Iran’s Energy Sector
...fining and Distribution Company (NIORDC) is launching a massive downstream expansion. If realized, Iran would add over 1.5mn b/d of brand new refinery capacity at a cost of over $27bn, not to mention expansion of 1.1mn b/d at existing refineries at a cost of $11.4bn, and all by 2014. Tehran has also an...
Volume: 53Issue: 27Published at Mon, 05 Jul 2010 -
Iraqi Cabinet Gives Initial Approval Of $17Bn Shell Gas Deal
...st a working number. It could change,” Iraq’s deputy oil minister for the downstream, Ahmad al-Sham'a, tells MEES. Funding will be staggered with $450mn to be paid in 2013, $1.25bn in each of 2014 and 2015 and $1.2bn in 2016, news reports said. The deal, which brings together SGC (51%), Shell (44%) an...
Volume: 53Issue: 27Published at Mon, 05 Jul 2010 -
Kazakhstan Introduces New Subsoil Law, Enhancing State Leverage
...ginning will be delayed. We therefore, expect no substantial volumes of oil in the period from 2014 to 2016 to justify construction of the KCTS.” However, KCTS is due to be completed in 2016-17 to handle expanded output from Kashagan (MEES, 7 June)....
Volume: 53Issue: 27Published at Mon, 05 Jul 2010 -
Musturud Refinery Project Attracts Additional Lenders
...mpletion is planned for 2014....
Volume: 53Issue: 27Published at Mon, 05 Jul 2010