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IEA Medium Term Outlook Sees Crude Demand Growth Averaging 540,000 B/D To 2014
...ojection in July 2008, the report said. IEA World Oil Supply And Demand Outlook 2008-14 (Mn B/D) 2008 2009 2010 2011 2012 2013 2014 OECD Demand North Am...
Volume: 52Issue: 27Published at Mon, 06 Jul 2009 -
Barclays Sees Benchmark Oil Prices Heading Into $75-95/B Range
...ft landing into roughly the $75-95/B range now appears to be the ultimate destination for oil prices this year.” Barclays Capital Annual Oil Price Forecast ($/B) 2006 2007 2008 2009 2010 2011 2012 Long-Term WT...
Volume: 52Issue: 27Published at Mon, 06 Jul 2009 -
Political Comment (6 July 2009)
...rces by 31 August 2010, followed by the withdrawal of all US troops from Iraq by the end of 2011, as provided for in last year’s Status of Forces Agreement. Assuming everything goes according to plan (which is probably a rash assumption in Iraq), it is only then that a truly independent Iraq will have to...
Volume: 52Issue: 27Published at Mon, 06 Jul 2009 -
Verenex Energy’s Row With Libya’s NOC Blows Open
...nse. Nevertheless, Verenex’s Libyan acreage has considerable potential. The proposed development plan that the company submitted to NOC in November last year envisages bringing the discoveries made there on-stream by 2011 at an initial rate of 50,000 b/d of oil and 50mn cfd of gas. Separately, the co...
Volume: 52Issue: 26Published at Mon, 29 Jun 2009 -
JGC Wins Management Contract For PETRORabigh Expansion
...cludes front end engineering for utilities and offsites, in addition to project managing the feasibility study for the expansion, MEES understands (MEES, 13 April). The study is to be completed by the third quarter of next year, and if the project gets the green light, construction should begin in 2011...
Volume: 52Issue: 26Published at Mon, 29 Jun 2009 -
Syria’s 'Alaw Says Five IOCs Were Close To Signing PSCs Last Year
...000 b/d of condensate, is scheduled to start up in the first quarter of 2010. Finally the Jihar Gas Project, which will have a capacity of 4mn cmd of gas, 180 t/d of LPG and 1,800 b/d of condensate, is due for completion in 2011. Syrian gas production is now averaging 21.6mn cmd, according to recent fi...
Volume: 52Issue: 26Published at Mon, 29 Jun 2009 -
GE Energy Signs Contracts Worth More Than $500Mn For Al Dur IWPP
...30% of the kingdom’s existing electricity output, as well as 48mn gal/day (218,000 cmd) of desalinated water. The plant is scheduled to start commercial operation by mid‐2011 and is expected to cost $2.2bn to build, with the debt package pegged at around $1.7bn. The bank facility is carrying ma...
Volume: 52Issue: 25Published at Mon, 22 Jun 2009 -
QP Eyes Decision On 250,000 B/D Shaheen Refinery
...timates for start-up on Qatargas 4 Train 7, the last of Qatar’s LNG ‘mega-trains’, has slipped to 2011, MEES understands. “There is a lot of uncertainty on timing,” notes the source. “As they are fixing problems on Train 4, they assume they will be able to solve these same issues on the other trains. Bu...
Volume: 52Issue: 25Published at Mon, 22 Jun 2009 -
KRG Operators Vying For Position After Oil Exports Start-Up
...ll also feed into the pipeline. Meanwhile, Genel is also building a 60,000 b/d refinery at Koya near Taq Taq and Miran. Some 40,000 b/d of processing capacity will be in place by 2011, with the remaining capacity online in 2012, Heritage said. The $510mn refinery is guaranteed a tolling fee of $15...
Volume: 52Issue: 24Published at Mon, 15 Jun 2009 -
Turkey Reiterates Call For 15% Of Azeri Nabucco Gas
...rticipation in the rival South Stream pipeline. Turkey To Demand Re-Export Clause In 2011 Gazprom Contract Turkish Minister of Energy Taner Yildiz told Ilhas News Agency on 5 June that his country would demand the inclusion of a re-export clause in an extension of the first of three long-term supply co...
Volume: 52Issue: 24Published at Mon, 15 Jun 2009 -
Sofregaz Plans To Reactivate Varamin Gas Storage Project
...Varamin, 70km southwest of Tehran, NGSC Director of Engineering and Construction Mahmoud Nemati told the Ministry of Petroleum’s PIN news service on 8 June. Mr Nemati said the facility would have a gas storage capacity of 540mn cu ms, and would be expected to be completed by late 2011. Sofregaz wa...
Volume: 52Issue: 24Published at Mon, 15 Jun 2009 -
IEA Sees Tougher Financing And Weakening Demand Hitting Energy Investment
...l Total 2012 2014 150 Nsiko Nigeria Offshore Oil Chevron 2011 2015 10...
Volume: 52Issue: 22Published at Mon, 01 Jun 2009 -
ESAI Estimates Call On OPEC Crude At Less Than 30Mn B/D Through 2011
...Middle East Economic Survey VOL. LII No 22 1-Jun-2009 ESAI Estimates Call On OPEC Crude At Less Than 30Mn B/D Through 2011 Slow demand growth after 2008-09’s economic contraction will leave the call on OPEC crude under 30mn b/d through the end of 2011, according to Energy Se...
Volume: 52Issue: 22Published at Mon, 01 Jun 2009 -
IMF Says Jordan’s GDP Growth Averaged 5.6% In 2008
...2011. The directors recommended attaching top priority to completing the reform of public financial management and welcomed efforts to enhance public debt management. Finally, they agreed that the exchange rate peg, which has provided stability in the challenging global environment, remains an ap...
Volume: 52Issue: 21Published at Mon, 25 May 2009 -
Project Finance Deals Push Ahead Despite Reduced Funding
...prove and by 2011 banks’ balance sheets will be much stronger, allowing pricing to fall....
Volume: 52Issue: 20Published at Mon, 18 May 2009 -
South Stream Gas Pipeline Plans Taking Shape, Eni Seeks Counterbalance To Gazprom
..., aren’t yet finished. The project’s pre-feasibility studies are expected in September,” he noted. Gazprom is pushing for the South Stream final investment decisions to be taken by all parties by early 2011, with a view to completing construction by 2015. The Russian firm has repeatedly said th...
Volume: 52Issue: 20Published at Mon, 18 May 2009 -
Masdar To Invest In London Array Wind Farm After UK Agrees Subsidy
...chnology as we move toward a low carbon future.” The British government allocated £525mn in the 2009 budget for offshore wind subsidies between 2011 and 2014, much of them for the London Array project. Alastair Darling, Chancellor of the Exchequer, announced last month that a further £4bn in subsidies co...
Volume: 52Issue: 20Published at Mon, 18 May 2009 -
GEEI Green Paper Urges Quick US Action On Energy Security
...obal dependency on OPEC oil. Oil at $40/B has already led to a slowdown in new investment in Canadian oil sands and other energy projects,” the paper says. “By the time demand recovers, perhaps as late as 2010 or 2011, a supply gap may emerge which could take another five to seven years to fill. Ma...
Volume: 52Issue: 19Published at Mon, 11 May 2009 -
China To Close Small Refineries
...Middle East Economic Survey VOL. LII No 19 11-May-2009 SUPPLY/DEMAND China To Close Small Refineries China’s National Development and Reform Commission (NDRC) has announced that the government will close all refineries with capacities below 1mn tons/year (20,000 b/d) by 2011 an...
Volume: 52Issue: 19Published at Mon, 11 May 2009 -
China Approves Storage Plan For 10Mn Tons Of Refined Products
...Middle East Economic Survey VOL. LII No 19 11-May-2009 SUPPLY/DEMAND China Approves Storage Plan For 10Mn Tons Of Refined Products China has approved a plan to build by 2011 storage facilities to hold 10mn tons of refined products, Reuters reported on 6 May. The products in...
Volume: 52Issue: 19Published at Mon, 11 May 2009