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Kuwait Looks To FID On Australia LNG Project By Year-End
...wait Foreign Petroleum Exploration Company (Kufpec) and its partners a step closer to taking the final investment decision (FID) on the 15mn tons/year project. Kufpec (7%) and its partners – operator Chevron (73.6%), Shell (6.4%) and Apache (13%) – aim to start production at a rate of 8.9mn t/y in 2014...
Volume: 54Issue: 36Published at Mon, 05 Sep 2011 -
TAQA Set To Continue With Bergermeer Open Season As Planned
...pacity to customers in a first round, for periods of four to 10 years beginning in 2014, while a second open season for capacity allocation in 2015 and beyond is scheduled for 2012, after the Dutch high court’s final verdict on the appeals. “What we are doing is tailoring each of the open seasons to tw...
Volume: 54Issue: 35Published at Mon, 29 Aug 2011 -
Chevron Awards CPC Pipeline Expansion Project Services Contract To Fluor
...rminal expansion in Novorossiysk as well as the supervisory control and data system (SCADA) for the entire pipeline. The project is scheduled to be completed at the end of 2014. The CPC consortium – which comprises Transneft, Kazakh state firm KazMunaiGaz (KMG), Chevron, ExxonMobil and Lukoil – began wo...
Volume: 54Issue: 34Published at Mon, 22 Aug 2011 -
Qatar’s Barzan Project Financing Progresses, Banks To Respond 31 August
...ll depend on how competitive it is with the other sources of funding being tapped (MEES, 25 April). Barzan was originally planned for 2012 start‐up, but that date was put back to 2014. It is a two‐train project and will initially produce 1.5bn cfd, although it can be expanded if needed. On an...
Volume: 54Issue: 33Published at Mon, 15 Aug 2011 -
TAQA Posts Strong 2Q11 Results, But Faces Delays In Gas Storage Project
...oject at Bergermeer – Europe’s largest – would not be completed by 2014 as had been initially planned. On 8 August, the highest court in the Netherlands ordered the suspension of construction work at the Bergermeer gas storage project near Alkmaar, citing fears on the part of both en...
Volume: 54Issue: 33Published at Mon, 15 Aug 2011 -
Noble To Drill On Block 12 In October, Says Cyprus Energy Head
...prus A to the island via a 180km pipeline for domestic use by 2014....
Volume: 54Issue: 32Published at Mon, 08 Aug 2011 -
IFC Approves $250Mn Investment Package For OCI
...s support for the region, investing up to $6bn by 2014, including $2bn in mobilization....
Volume: 54Issue: 32Published at Mon, 08 Aug 2011 -
S&P Revises Tunisia Outlook To Negative, Sees Downside Risks Persisting
...eadily returning to a trend growth of approximately 5% by 2014. Tunisia’s current account deficit will worsen to “more than 6% of GDP this year,” largely on account of the recent plunge in tourism revenues. Both tourism and FDI are expected to improve gradually however, as confidence returns, re...
Volume: 54Issue: 32Published at Mon, 08 Aug 2011 -
Kuwait’s Economy Recovers, But Further Reforms Needed, Says IMF
...partly cover the actuarial deficit of the Public Pension Fund. In 2008-09, KD 5.5bn were transferred. KD 1.1bn are budgeted for each year from 2010-11 to 2014-15. 4 Excludes investment income and pension recapitalization, and after transfers for FGF. 5 Excludes debt of Kuwait's SWF re...
Volume: 54Issue: 31Published at Mon, 01 Aug 2011 -
EMAL Gets Approval For $4.5bn Expansion Project
...nually by the end of 2014, the company said on 24 July. The EMAL Phase II project will upgrade technology at its first-phase facility, which will boost production capacity by 50,000 tons/year to 800,000 t/y by the end of 2012. This will boost EMAL’s total production capacity to around 1.3mn tons by the en...
Volume: 54Issue: 31Published at Mon, 01 Aug 2011 -
Power Failures Hit Kuwait
...neration capacity to 16gw by 2014-15, to 17-18gw by 2016 and to 27-30gw by 2030. Kuwait’s power demand is growing at approximately 7-10% per year. But Kuwait is short of gas and is importing LNG. It is studying with Japanese conglomerate Toyota Tsusho a proposal to build a $650mn, 1.25mw capacity In...
Volume: 54Issue: 30Published at Mon, 25 Jul 2011 -
Fluor Clinches Dow/Saudi Aramco Jubail II Utilities Contract
...d the 1.3bn cfd Hasbah field – both due on stream in 2014. ...
Volume: 54Issue: 30Published at Mon, 25 Jul 2011 -
Consortium Signs Agreement To Build Sur, Oman’s Largest IPP
...hwan Engineering Group company) signed an agreement on 13 July with Oman Power and Water Procurement Company (OPWP) to build the Sur independent power project (IPP). At 2.0gw when fully commissioned in 2014, it will be the sultanate’s largest IPP. The $1.5bn project attracted strong interest and in Ju...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
Qatar’s $5Bn Barzan Project Financing Progresses
...pend on how competitive it is with the other sources of funding being tapped (MEES, 25 April). Barzan was originally planned for 2012 start‐up, but that date was put back to 2014. Barzan is a two‐train project and will initially produce 1.5bn cfd, although it can be expanded if needed. When in...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
UAE Hopes For $100Bn In Sustainable Energy Investment
...at it will invest $290mn via the DB Masdar Clean Tech Fund – founded with Deutsche Bank - in green projects around the world by 2014. It did not give details of specific projects, but said it had invested the fund’s first $60mn in China. “We are making a second investment this week. It could be be...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
Azerbaijan’s Socar To Acquire Bigger Stake In Petkim Refinery Joint Venture
...at carries Azeri Light crude from the Caspian Sea for export. The refinery in Izmir Aliaga is expected to be supplied with Azeri crude shipped from the Ceyhan terminal. The new refinery is estimated to cost $4bn and come into operation in 2014. It will be located next to Petkim’s existing pe...
Volume: 54Issue: 28Published at Mon, 11 Jul 2011 -
Qatargas Seals 20-Year LNG Supply Deal With Argentina’s ENARSA
...e delivery of 5mn tons/year of LNG. This would be delivered to ENARSA’s Southern Cone LNG hub – an offshore LNG floating storage and regasification unit – for a period of 20 years. This deal, starting in 2014, is Qatargas’s first long term supply agreement with a South American country, and is ex...
Volume: 54Issue: 27Published at Mon, 04 Jul 2011 -
Kuwaiti Real GDP Growth Expected To Hit 4.7% In 2011, NBK Says
...ojects (MEES, 27 September 2010). The ambitious KD31bn ($112.8bn) plan – ending in 2014 – calls for spending an amount close to KD5bn ($18.2bn) on infrastructure in the 2010-11 fiscal year. However, the government expects actual spending to only be around the KD2.5bn ($9.09bn) mark, or 50% of the to...
Volume: 54Issue: 25Published at Mon, 20 Jun 2011 -
Saudi Authorities Set To Overhaul Private Sector Employment Rules, BSF Says
...ployment quotas. Ultimately, the government’s aim is to create of 1.12mn new jobs for Saudi citizens by 2014. In its latest Saudi Arabia Economics report, BSF warns: “the initial shock of Nitaqat, if enforced with vigor, could lead numerous smaller businesses to shut down, shake already feeble fo...
Volume: 54Issue: 25Published at Mon, 20 Jun 2011 -
Alstom Awarded €500Mn EPC Contract By Dalia For 835MW Tzafit Power Plant
...s-fired power plant at Tzafit in Israel. The contract covers the supply and construction of two 417mw gas-fired combined cycle units as well as associated civil works and switchgear. The plant will be located 40km southeast of Tel Aviv and commissioned in 2014. Alstom is expected to sign a 20...
Volume: 54Issue: 24Published at Mon, 13 Jun 2011