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Egypt In Upstream Gas Push, With Eight Development Projects Worth $2.2bn
...ctor, which represents 56% of demand, followed by the industrial sector with 29%. Household consumption is also on the rise, with a plan currently being implemented to provide 1.5mn housing units with natural gas by 2011 and 5.5mn housing units by 2015. As part of this plan, the Upper Egypt gas pi...
Volume: 52Issue: 38Published at Mon, 21 Sep 2009 -
GE And Hyundai Win $2.65Bn Contract To Build 2GW Power Plant at Sabiya
...nerators and a plant control system, as well as long-term services. Hyundai will undertake engineering, procurement and construction. The Sabiya plant is scheduled to come on line in two phases: 1.3gw of capacity will be connected to the Kuwaiti grid in 2011, with a further 700mw in 2012. Natural gas wi...
Volume: 52Issue: 38Published at Mon, 21 Sep 2009 -
Sudan’s Oil Figures Challenged, Minister Expects 520,000 B/D Output In Coming Months
...take place next year, and the referendum on independence for the south in 2011, mistrust between the north and south is not showing any sign of diminishing, especially given that Sudan’s oil production is expected to rise. Celebrating the tenth anniversary of Sudan’s debut as an oil producer, th...
Volume: 52Issue: 38Published at Mon, 21 Sep 2009 -
ESI Signs $474Mn Contract With Danielli For New Rolling Mill
...ction beams, columns and sheet piles. The new mill will raise ESI total capacity to 3mn t/y by 2011. The company is also considering boosting its capacity further to 6.5mn t/y by 2013-14 through capacity expansions and acquisitions. With regard to the latter, ESI’s Chairman of the Board Husain al-Nu...
Volume: 52Issue: 38Published at Mon, 21 Sep 2009 -
ERC Targets Early 2010 Financial Close For Musturud Refinery Upgrade
...stream in 2011 at a cost of $2.25bn....
Volume: 52Issue: 37Published at Mon, 14 Sep 2009 -
Nord Stream Expects Bank Responses In Early October
...et about 25% of this additional requirement by connecting the European gas pipeline network to Russia, which boasts the world’s largest gas reserves. Nord Stream’s first of two parallel pipelines will be operational in 2011. Each line is approximately 1,220km long, with a capacity to transport so...
Volume: 52Issue: 37Published at Mon, 14 Sep 2009 -
Syria Has No Surplus Gas For Export At Present
...cond half of 2010. The Jihar Gas Project is expected to start up in 2011 with full production capacity of 3.7mn cmd. Syria Prepares For Egyptian Gas Flow To Lebanon Meanwhile, Syrian oil sources report that preparations are underway in Syria for the flow of Egyptian gas to Lebanon from AGP, wi...
Volume: 52Issue: 37Published at Mon, 14 Sep 2009 -
Ex-Im Bank Approves Funding For Al Dur IWPP
...pacity of 1.234gw and a desalination capacity of 48mn gallons/day (218,000 cmd) of water and is due to start initial production in 2010, with full commercial operation to commence in 2011. After recently selling 30% of Al Dur to Bahraini investors (the Social Insurance Organization of Bahrain, In...
Volume: 52Issue: 36Published at Mon, 07 Sep 2009 -
Nile Commercial Bank Rescued Again
...velopments at Nile highlight the problems for the south, which will be holding a referendum on its independence in January 2011, the fact that the authorities have been willing to step in at least illustrates the desire for financial stability. Southern Sudan has a conventional banking system, which is ov...
Volume: 52Issue: 36Published at Mon, 07 Sep 2009 -
Syria And Turkey Ink MOU To Expedite Integration Of Gas Networks
...ncluding a number of agreements, including a short-term sales agreement to supply Syria with 0.5-1.0bcm/year from Turkey’s gas supplies for a period of five years starting in 2011.The MOU was signed during a visit by Turkish Energy Minister Taner Yildiz to Damascus to meet his Syrian counterpart Sufian 'Al...
Volume: 52Issue: 35Published at Mon, 31 Aug 2009 -
QAPCO Secures $200Mn Murabaha Facility From Qatar Islamic Bank
...the two companies. The LDPE-3 project is scheduled to be completed in December 2011 and will be the last in a matrix of connected plants, which includes Qatofin, and Q-Chem. The Qatofin and Q-Chem 2 projects completed their financing on 16 November 2005 (MEES, 28 November 2005). Q-Chem 2’s to...
Volume: 52Issue: 33Published at Mon, 17 Aug 2009 -
BP Plans $2Bn Investment In Algeria By 2014
...ploration wells, which it expects to drill in the next three years. Separately, Algeria’s biggest international oil producer Anadarko announced in a quarterly earnings conference call on 4 August that it expects to see first oil from its 150,000 b/d El Merk project in late 2011. The US company’s CEO Ji...
Volume: 52Issue: 32Published at Mon, 10 Aug 2009 -
GCC Power Grid Links Four Gulf Countries
...scheduled for completion in 2011, with Oman scheduled to follow shortly thereafter. The project is one of the first pan-GCC schemes to get off the ground and could provide a model for regional cooperation (MEES, 27 July). It was planned back in 1991, and construction started in 2004, with the op...
Volume: 52Issue: 31Published at Mon, 03 Aug 2009 -
SABIC Returns To Profitability In 2Q09
...d 2011, the underlying value of SIP operations would still be well below original expectations. Consequently, the intrinsic recovery prospects for bondholders are lower than previously assumed, said S&P. It acknowledged that the ongoing financial commitment of the parent company SABIC (A+/Stable/A-...
Volume: 52Issue: 31Published at Mon, 03 Aug 2009 -
SABIC Awards Samsung $300Mn Air Separation Contract
...paration process. Samsung will execute the licensing, engineering, procurement and construction of the ASU, which is scheduled for start-up in 2011. The company said that despite the global economic downturn, this contract with NIGC was the fourth it had been awarded during July, the others being the Sk...
Volume: 52Issue: 31Published at Mon, 03 Aug 2009 -
EC Proposes Emergency Response Mechanisms For Future Gas Crises
...isting national storage and LNG import capacities. The draft envisages regional gas supply sharing mechanisms “on a case by case basis” so that all member states are able “by 2011 at the latest” to cover the loss of their principal gas import source for 60 days based on peak winter demand. EC Energy Co...
Volume: 52Issue: 30Published at Mon, 27 Jul 2009 -
Abyei Ruling Bolsters Sudan’s Comprehensive Peace Agreement
...a whole. The acceptance of the court ruling, especially by the Government of South Sudan, is notable given that it places Heglig, one of the country’s biggest, albeit oldest, oil fields squarely within the north’s borders. With a referendum due to take place in 2011 that will allow the south to op...
Volume: 52Issue: 30Published at Mon, 27 Jul 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