1. Wintershall To Join South Stream, Slovenia Signs JV Agreement

    ...rrent 0.5 bcm/y. The current contract expires in 2017. On 21 March, Russia’s Prime Minister Vladimir Putin told reporters that Russia would be providing the Turkish authorities with additional information to help precipitate the granting of a permit for detailed route planning of the offshore co...

    Volume: 54
    Issue: 13
    Published at Mon, 28 Mar 2011
  2. Socar Extends Shah Deniz Concession By Five Years

    ...niz 2 was originally expected to start production by 2013-14, a target that has been pushed back so far to 2017-20. The extension of the contract is also seen as an indication that the Azeris are approaching their decision time on the winner of the tender for the 10 bcm/y of gas from Shah Deniz 2 to be...

    Volume: 54
    Issue: 10
    Published at Mon, 07 Mar 2011
  3. Solar Cell Plant To Be Built In Jubail

    ...er 12,000 t/y by 2017. Polysilicon Technology’s Executive Director and CEO Ibrahim al-Humaidan said that that there is a genuine trend to shift to renewable sources of energy from oil and gas in the production of electricity, and that solar energy would be one of the options open for Saudi Arabia to...

    Volume: 54
    Issue: 10
    Published at Mon, 07 Mar 2011
  4. Russia And Slovenia Look To Seal South Stream Agreement

    ...ubljana. Gazprom currently supplies Slovenia with some 0.51 bcm/year of gas under a long term contract which expires in 2017. The two sides have agreed on the expansion of the contract to 2035, but have yet to start negotiations on the details, including the projected increase in the supplied volumes. Mr...

    Volume: 54
    Issue: 08
    Published at Mon, 21 Feb 2011
  5. AfDB Loans Egypt $550Mn For Suez City Power Plant

    ...yptian natural gas as feedstock and provide 5.5% of the country’s targeted increase to 41gw in installed generation capacity by 2017, the bank said. “Natural gas being the cleanest option in fossil fuels, the government’s policy is to implement an effective natural gas development and domestic ut...

    Volume: 54
    Issue: 01/02
    Published at Mon, 10 Jan 2011
  6. Noble Energy Makes Major Gas Discovery Offshore Israel With Leviathan Well

    ...ginning in 2013, production from the Leviathan field is expected to be directed toward the export market. While the field is not expected to come into production before 2017, Noble and its key partner in the venture, Israel’s Delek Group, has already began to investigate the export options. “For ne...

    Volume: 54
    Issue: 01/02
    Published at Mon, 10 Jan 2011
  7. BSF Says Saudi State Expenditure Increasing Breakeven Oil Price

    ...vernment spending, the breakeven price of oil could rise to $98/B by 2017,” the report asserts. Saudi Breakeven Oil Price Rises Rapidly Source: SAMA, Banque Saudi Fransi forecasts. Nominal GDP figures released by the government for 1H10, meanwhile, have indicated strong growth in the non-oil pr...

    Volume: 53
    Issue: 49
    Published at Mon, 06 Dec 2010
  8. Union Railway Awards Consultancy And Preliminary Engineering Contracts

    ...ance’s Systra has won the project management consultancy contract for the UAE’s $11bn Union Railway project. The initiative, which is due for completion in 2017, will see the emirates linked by 1,500km of freight and passenger rail networks. It will form an integral part of the planned pan-Arab Union Ra...

    Volume: 53
    Issue: 49
    Published at Mon, 06 Dec 2010
  9. Socar Sees Shah Deniz 2 Gas Agreements By Mid-2011

    ...ose maximum production capacity is estimated to reach 16 bcm/y by 2018-19. Early gas is expected to start flowing by late 2016 or early 2017, he noted. On 14 November, Socar’s Vice-President for International Affairs Elshad Nassirov, who is leading the company’s negotiating team with Botas and th...

    Volume: 53
    Issue: 47
    Published at Tue, 23 Nov 2010
  10. Saudi Cabinet Approves Plans For Russia Nuclear Pact

    ...rm Atomstroyexport is currently in the second bidding round for the contract to build Jordan’s first nuclear reactor – planned for 2017 – using its AES-92 VVER-1000 technology. An early agreement with Saudi Arabia could see Russian reactor models get more weighted consideration from the au...

    Volume: 53
    Issue: 44
    Published at Mon, 01 Nov 2010
  11. Chevron Eyes 2017 Start-Up For $15-20Bn Steam Flood Project

    ...Middle East Economic Survey VOL. LIII No 43   25-Oct-2010 SAUDI ARABIA Chevron Eyes 2017 Start-Up For $15-20Bn Steam Flood Project Chevron is pushing ahead with its pioneering large sc...

    Volume: 53
    Issue: 43
    Published at Mon, 25 Oct 2010
  12. Turkey Waives Right To Export Azerbaijani Gas

    ...ril 2008, until when the price was $120/1,000 cu ms (MEES, 21 June). The readjusted price has created a debt for Turkey estimated at around $1bn. As of 2010, Turkey will be receiving 6.6 bcm/year from Shah Deniz Stage 1. When Shah Deniz Stage 2 production comes on stream in 2017, Turkey will be re...

    Volume: 53
    Issue: 43
    Published at Mon, 25 Oct 2010
  13. Shah Deniz 2 Stage Two Will Not Supply Gas Till 2017

    ...Middle East Economic Survey VOL. LIII No 42   18-Oct-2010 CASPIAN Shah Deniz 2 Stage Two Will Not Supply Gas Till 2017 Tender documents issued recently by shareholders of the joint ve...

    Volume: 53
    Issue: 42
    Published at Mon, 18 Oct 2010
  14. Japan Promises Financial Assistance To Jordan’s Nuclear Drive

    ...e project’s safety, a Japanese Foreign Ministry statement noted. Jordan aims to start operations at its first nuclear power plant by as early as 2017, with a site close to Aqaba already having been selected by authorities. A Japanese-French consortium made up of Mitsubishi and Areva is currently in...

    Volume: 53
    Issue: 42
    Published at Mon, 18 Oct 2010
  15. Credit Suisse Appointed Financial Advisor For UAE Nuclear Program

    ...irates Nuclear Energy Corporation (ENEC) as the UAE proceeds to develop nuclear power generation capacity over the next 10 years. The bank is expected to focus primarily on project risk assessment. The UAE’s first 1.4gw nuclear reactor is set to become operational by 2017, with three others targeted for co...

    Volume: 53
    Issue: 39
    Published at Mon, 27 Sep 2010
  16. Jordan-Japan Nuclear Agreement Speeds Up Reactor Bidding Process

    ...th Japan, a development which helps pave the way for the planned construction of a commercial nuclear reactor as early as 2017. “Jordan is keen to benefit from Japan’s longstanding expertise in nuclear technology,” said Jordan Atomic Energy Commission (JAEC) Chairman Khalid Tuqan, one of the si...

    Volume: 53
    Issue: 38
    Published at Mon, 20 Sep 2010
  17. Kuwait And Japan Sign Nuclear Cooperation Agreement

    ...perts, regulation and public relations. Japan has signed similar agreements with UAE, which intends to have the first of its four planned nuclear power plants come online in 2017, as well as with Jordan. In April, Kuwait signed a similar agreement with France, with media reports speculating that the em...

    Volume: 53
    Issue: 37
    Published at Mon, 13 Sep 2010
  18. Jordan And South Korea Sign $70mn Deal For Nuclear Research Reactor

    ...wer needs. The kingdom currently imports 96% of its energy needs at a cost of about 13% of its GDP. The site for Jordan’s first commercial nuclear plant – based on a 1.0gw Generation III reactor – has already been selected, near the port city of 'Aqaba, with start-up expected in 2017 at the earliest, th...

    Volume: 53
    Issue: 31
    Published at Mon, 02 Aug 2010
  19. Shuweihat S3 Power Plant Attracts Bids From Five Consortia

    ...roughout the UAE and wider Gulf. Furthermore, Abu Dhabi’s plans for nuclear power stations complicate the issue. Abu Dhabi will build four nuclear reactors, costing a total of $20bn, due to its gas shortage, but the first reactor will not come online until 2017, when power demand is forecast to hit 21...

    Volume: 53
    Issue: 31
    Published at Mon, 02 Aug 2010
  20. Jordan-US Nuclear Energy Talks Going Smoothly, Officials Say

    ...d its completion “a long way off”, according to JNRC, though a site has been selected – at Aqaba – with a GDF Suez spokesperson noting in May that it could be ready to begin operations by 2017. Jordan has already awarded a $132.6mn contract to a Korean consortium led by Daewoo for the construction of...

    Volume: 53
    Issue: 29
    Published at Mon, 19 Jul 2010