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Turkey Waives Right To Export Azerbaijani Gas
...ssia, Iran, and Azerbaijan and LNG contracts with Algeria and Nigeria. The country’s natural gas consumption is expected to reach 36-37 bcm/y during 2010, and 40 bcm/y in 2011, Botas Chief Executive Fazil Senel, told Reuters on 14 October. Turkey’s Natural Gas Sales And Purchase Ag...
Volume: 53Issue: 43Published at Mon, 25 Oct 2010 -
OMV In Talks With Dogan Holding For Petrol Ofisi Shares
...en made in Cyprus or its surrounding waters, although there are reported to be promising prospects in the Greek-Cypriot offshore Exclusive Economic Zone (EEZ). ExxonMobil is to take delivery of Transocean’s Deepwater Champion drillship in the first quarter of 2011 once construction is co...
Volume: 53Issue: 43Published at Mon, 25 Oct 2010 -
Kabyldin Says KMG Will Cover Investment Needs To 2014 Via Loans
...dernize its three oil refineries and another $4bn for the next four years in order to sustain its current running expenses. According to Bloomberg, KMG has $11bn of bonds and loans outstanding, with peak debt payment of $2.7bn in 2011. Mr Kabyldin noted that the main reason for rejecting the IPO option is...
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
Gazprom, Transgaz Sign MOU on South Stream
...tended to the areas of electricity and offshore oil and gas exploration and production. If the result is positive then a decision on creating a South Stream Romania joint venture will be taken by March 2011 at the latest, in ways “that optimize the overall project,” RIA Novostiquoted Mr Miller as sa...
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
Shah Deniz 2 Stage Two Will Not Supply Gas Till 2017
...nner of the SD2 tender will not be taken before June 2011 at the earliest. The three major consortia battling to secure SD2 gas have confirmed that the initial round of talks started in late August. The most optimistic scenario is that all three will pass through the preliminary phase and will be sh...
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
Egypt Launches 2010 Bid Round With 7 EPSA Licenses
...mprising seven exploration and production service agreements (EPSAs) for blocks in and around the Gulf of Suez, state-owned General Petroleum Company (GPC) has announced. Bids for the blocks are due by 20 February 2011, with information regarding the acreage available from 17 October. The blocks on of...
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
Shahristani: ‘Ahdab Dispute Solved’
...rst of three 900,000 b/d capacity single point moorings in the Gulf should be installed by the end of 2011, with the second to follow six months afterwards and the third to by end-2012, Dr Shahristani said. The project received cabinet approval earlier this month (MEES, 4 October)....
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
Samba: OPEC Should Show “Sustained Restraint” As Demand Growth Slows
...periencing a double dip recession in the near future has lessened, though it will be affected by a “nagging slowdown” in developed economies, Samba Financial Group has said in a new report. In its latest edition of Economic Monitor, the bank projects global GDP growth of 4.3% in 2010 and 3.9% in 2011. With th...
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
Syria Inaugurates Oil And Gas Training Center
.../50 joint venture between GPC and INA Naftaplin of Croatia. The plant will have a capacity to produce 3.7mn cmd of sales gas, 180 tons/day of LPG and 12,000 b/d of condensate and crude, and was due to come on stream at the beginning of 2011 (MEES, 2 August). ...
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
Dubai Denies Local Airline Get Preferential Treatment
...Afghanistan, whose mission there does not end until 2011, with Canada now expected to make use of bases located in Cyprus, Pakistan and Germany for the remaining few months of its obligations....
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
Cyprus Confers With Offshore Neighbors Prior To Next Bidding Round
...litical issues of common interest in relation to offshore mineral wealth.” Cyprus had been expected to hold a second round in late 2010 and the Energy Department of the Ministry of Commerce and Industry told MEES in July that the launch of a second round would take place during the first half of 2011 (ME...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
Vitol Terminal Construction Set For 2011
...Middle East Economic Survey VOL. LIII No 40 4-Oct-2010 CYPRUS Vitol Terminal Construction Set For 2011 Vitol Tank Terminals International (VTTI) on 29 September said the construction of a new 343,000 cu ms (2.14mn barrels) petroleum products tank farm at Vasilikos in Cy...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
IAEO Chief Denies Further Slip In Bushehr Schedule Linked To Computer Virus
...ergy Organization (IAEO), has denied press reports linking a further delay in the completion of the 1gw nuclear power plant at Bushehr with a virus discovered on computers at the plant. AFP reported on 29 September that Bushehr was now expected to begin generating electricity by early January 2011...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
APICORP Prepares To Launch First Ever Bond
...mmented APICORP’s Chief Executive and General Manager, Ahmad Bin Hamad al-Nuaimi. MENA energy capital investment growth will recover from post crisis contraction, climbing to $615bn in 2011-15 from $550bn in 2009-14, suggests APICORP’s Senior Consultant Ali Aissaoui (see page 27). For APICORP’s bo...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
Aksa Enerji Awards Samsun Power Plant Contract To Wartsila
...stallation of a new gas-fired unit with a rated output of 18.3mw. Wartsila said in a statement that the scope of supply also includes the controls, automation and auxiliary equipment for the fuel gas, charge air, cooling and exhaust gas systems. When the new engine is commissioned in 2011, the plant will ha...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
Russian JVC To Explore Turkmen Offshore Block 21
...rly 2011, according to a Gazprom corporate journal of 4 October. Itera Chairman Igor Makarov reportedly said: “This year we will draw up the block’s geochemical scheme and start 2D and 3D seismic exploration work, which we will finish in 2011. All the work will be organized on the lines of an open in...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
IMF Completes Iraq Review, Makes $741Mn Available For Disbursement
...rcumstances. The fund-supported program has provided a valuable anchor for economic policy during a period of high vulnerability. In the first half of 2010, oil revenues remained strong, inflation continued to be subdued, and the budget recorded a surplus. For 2010 as a whole and 2011, based on co...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
Egypt To Resume Agreed Gas Supply To Jordan
...rdanian officials are due to meet in the near future to discuss natural gas supplies in 2011 and the possibility of concluding a supplementary agreement for the extra gas that Jordan wishes to import from Egypt. Jordan was expecting to sign such a deal in July (MEES, 26 July). ...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
Dolphin Energy Announces Maintenance Program For February
...tural gas to the UAE via a pipeline from Qatar, announced that it will undertake a planned maintenance program at a number of onshore and offshore facilities in February 2011. Extensive inspection and maintenance work on Trains 1 and 2 of the Stream 2 facilities located at Ras Laffan and on one pr...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
IMF Sees Oil Price Rebound Leading MENA Growth In 2010-11
...d importers in the MENA region in ways that should see them experience robust growth in 2010 and 2011, the IMF said in its World Economic Outlook for October. The IMF projects a 4.1% average growth rate for the region as a whole this year, with an increase to 5.1% in 2011. Oil exporters, buoyed by...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010