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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 -
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 -
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 -
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 -
Bulgaria And Qatar Holds Further LNG Talks, As Poland Signs Deal With Qatargas
...rkets of Bulgaria, Romania and possibly Hungary to LNG imports from the Middle East and North Africa. Bulgaria recently signed a memorandum of understanding (MOU) with Egypt for the supply of 1 bcm/y of gas, to be delivered as LNG beginning in 2011-12 (MEES, 4 May). The EERP has earmarked more th...
Volume: 52Issue: 19Published at Mon, 11 May 2009 -
CBI Reports Some Favorable Economic Indicators Until End 2008, But Future Uncertain
...09-10) 7.103 1389 (2010-11) 2.623 1390 (2011-12) 2.189 1391 (2012-13) onwards 7.261 The value of Iran’s oil and gas exports by 20 December 2008 stood at $71.654bn, compared to $58.147bn a year earlier, according to the CBI. By 20 December the value of...
Volume: 52Issue: 19Published at Mon, 11 May 2009 -
Qatar Breaks Ground On $4Bn IWPP
...its full rates by 2011. It will be the largest power operation in Qatar, and one of the largest in the Gulf, when it comes on line. Speaking at the groundbreaking ceremony, Deputy Premier and Minister of Energy and Industry 'Abd Allah al-'Attiyah said that the project is part of the power an...
Volume: 52Issue: 19Published at Mon, 11 May 2009 -
Bulgaria Signs MOU For Egyptian LNG Imports
...e import of up to 1 bcm/year of Egyptian LNG beginning in 2011-12. Mr Dimitrov told reporters: “This deal is extremely important for Bulgaria after the January crisis, as it opens possibilities for Bulgaria to import gas from Egypt. There are possibilities to import LNG through an existing te...
Volume: 52Issue: 18Published at Mon, 04 May 2009 -
Libya To Buy Verenex Within Weeks, Says Ghanem
...ocedure in Canada, do we have to establish a company, do we have to take it directly,” the Libyan official said. “But it will be ours.” Verenex has drawn up a development plan that envisages initial oil production of around 50,000 b/d when the first discoveries are brought on-stream in 2011. Co...
Volume: 52Issue: 18Published at Mon, 04 May 2009 -
IMF Says Lebanon So Far Unaffected By Global Financial Crisis
...ternational trends. Lebanon: Selected Economic Indicators 2006-14 2006 Prel Act 2007 Prel Act 2008 Est 2009 Proj 2010 Proj 2011 Proj 2012 Proj 2013 Proj 2014 Proj Output and Pr...
Volume: 52Issue: 17Published at Mon, 27 Apr 2009 -
Ma'aden Maintains 2010 Start-up Target
...its are all world class projects. The fertilizer plant is the biggest in the world,” the source said. Full output should be reached early in the first quarter of 2011. “Right now the main units are 42% complete,” he said. Ma'aden is also building the GCC’s first bauxite and aluminum project, wh...
Volume: 52Issue: 17Published at Mon, 27 Apr 2009 -
GDF Suez Begins Negotiations To Join Nord Stream Gas Pipeline Consortium
...rkey’s move to join the EU. Nord Stream is expected to become operational by late 2011 and is currently owned by Gazprom (51%), BASF/Wintershall (20%), E.ON Ruhrgas (20%) and Gasunie (9%)....
Volume: 52Issue: 16Published at Mon, 20 Apr 2009 -
Sonatrach Signs Gas Supply Agreement With Second Arzew Fertilizer Joint Venture
...trochemical sector, after Sonatrach signed a similar agreement with Egypt’s Orascom Construction Industries (OCI) in February to supply a fertilizer plant also being built at Arzew with 1.7 bcm/y of natural gas over a 20-year period, from 2011. But there are doubts about whether Sonatrach will have enough ga...
Volume: 52Issue: 15Published at Mon, 13 Apr 2009 -
Saudi Aramco Looks To Implement PETRORabigh II Amid Downstream Go-Slow
...raxylene feedstock from the aromatics complex. A propylene unit will utilize ethylene and a mixed C4 stream, and will also supply the derivatives units. Once the project gets final approval, construction should begin in 2011 with start-up due in 2014....
Volume: 52Issue: 15Published at Mon, 13 Apr 2009 -
Gazprom Plans Blue Stream Pipeline Expansion
...pansion on hold after Russia decided to promote the South Streamgas pipeline project, but the idea has been revived in the light of Turkey’s projected demand increase after 2015 and the expiration in 2011 of the first of three long-term supply contracts signed in the early 1990s....
Volume: 52Issue: 14Published at Mon, 06 Apr 2009 -
Saipem Extends Drilling Contract At WDDM To 2014, Targets Water Depths Of 1,100Ms
...ock. Scarabeo 6 is a third generation rig capable of drilling in water depths of up to 780ms, and to a total depth of 7,500ms. It was originally booked by Burullus in December 2006 for a two-year contract, extended to 2011 in October last year, to develop the WDDM concession and extend its pr...
Volume: 52Issue: 13Published at Mon, 30 Mar 2009 -
Fattah Says Iranian Power Exports To Turkey Will Double In 2009
...uble to 400mw by the end of this year. He predicted that Iranian power deliveries to Turkey would continue to rise steeply, reaching 2gw by 2011. Mr Fattah said that a comprehensive agreement on electricity trading would be signed between the two countries next month. Iran’s power generating ca...
Volume: 52Issue: 13Published at Mon, 30 Mar 2009 -
UAE Embarks Upon Budget Reform
...Middle East Economic Survey VOL. LII No 10 9-Mar-2009 UAE UAE Embarks Upon Budget Reform The UAE has embarked upon a plan to reform its federal budget, and plans to adopt what is described as a “zero-based” regime from 2011. Currently incremental budgeting is used, where di...
Volume: 52Issue: 10Published at Mon, 09 Mar 2009 -
Sonatrach Signs Gas Sales Agreement With Orascom, Despite Supply Concerns
...ailability of natural gas feedstock. State-owned energy firm Sonatrach last week signed a 20-year sales-purchase contract with Egypt’s Orascom Construction Industries (OCI) to supply 1.7 bcm/year of gas to the ammonia/urea plant that the two companies are developing there from 2011. The plant will have a pr...
Volume: 52Issue: 09Published at Mon, 02 Mar 2009