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Gassi Touil Contracts Awarded, But Three-Year Delay Hits Algeria’s Gas Export Target
...isting units, Sonatrach said in a statement. The Japanese engineering firm saw off rival bids from Italy’s Saipem, Canada’s SNC-Lavalin, and Swiss firm ABB in partnership with Sonatrach subsidiary Sarpi. This section of the upstream project is due for completion in January 2011. Deferred Gas Export Ta...
Volume: 51Issue: 29Published at Mon, 21 Jul 2008 -
Algeria Signs $468Mn Contract With Hyflux To Build ‘World’s Largest’ Desalination Plant
...d Sonelgaz, is worth an estimated $468mn and covers the construction and financing of the plant, as well as the buying and selling of the desalinated water. At the signing ceremony, Algeria’s Minister of Energy and Mines Chakib Khelil said that when completed in 2011, the plant would provide for th...
Volume: 51Issue: 28Published at Mon, 14 Jul 2008 -
Egypt Announces Record Budget For 2008-09
...vernment, according to the report, confirmed its intention to pursue its policy of reducing the ratio of budget deficit to GDP to 3% by 2011-12, but has projected a ratio of 6.7% in 2008-09. At the same time the 2008-09 budget has allocated some E£215bn ($40.2bn) for “social spending”, an increase of...
Volume: 51Issue: 28Published at Mon, 14 Jul 2008 -
FCP To Approach Banks After The Summer To Finance Algeria’s MLE Project
...s formerly the Chief Operating Officer. FCP said that the MLE field will come on-stream in 2010, producing 200mn cfd of gas and 20,000 b/d of liquids, with the Central Area Field Complex (CAFC) coming on stream in 2011. Production in the Block 405b MLE field will then be ramped up to a level of 30...
Volume: 51Issue: 27Published at Mon, 07 Jul 2008 -
Kashagan Deal Concluded, With First Oil Set For 2013
...at the projected development costs of Kashagan had increased from $57bn to $136bn. The latest production deadline is the fourth to have been agreed. The previous agreement, in January 2008, called for production start-up in 2011. Terms for the latest deal include an additional 7.5-8% royalty pa...
Volume: 51Issue: 27Published at Mon, 07 Jul 2008 -
Saudi Aramco Awards Utilities Contract For 900,000 b/d Manifa Project
...e contracts has prompted talk of delays to the targeted 2011 start-up. However, Aramco last month said it was confident the project would begin production on schedule (MEES, 7 July). Manifa is probably the most ambitious initiative in Aramco’s current project schedule. Costs are likely to be si...
Volume: 51Issue: 27Published at Mon, 07 Jul 2008 -
Costs Climb At Citadel’s Musturud Refinery
...ich is 85% owned by Citadel and 15% owned by EGPC, will start up in 2011 producing 2.2mn tons/year of diesel and 1.5mn t/y of light products, of which 700,000 t/y are gasoline blend stocks....
Volume: 51Issue: 26Published at Mon, 30 Jun 2008 -
Syrian Processed Gas Output To Rise To 28Mn CMD By 2010
...har Gas Project: The project will produce 3.7mn cmd of processed gas, 180 tons/day of LPG and 1,800 b/d of condensate from the Jihar and al-Mahr fields. The project is being undertaken for Hayan Petroleum Company by Petrofac, under a contact awarded in March 2008, and is due for completion in 2011 (ME...
Volume: 51Issue: 26Published at Mon, 30 Jun 2008 -
Chevron To Participate In New Kazakh Export Route
...reement with Azerbaijan that allows Kazakhstan to transport crude through the 1mn b/d Baku-Tbilisi-Ceyhan (BTC) pipeline (MEES, 9 June). The move effectively helps clear the way for the implementation of the KCTS. The pipeline is tentatively scheduled to come into operation in 2011 with an initial ca...
Volume: 51Issue: 24Published at Mon, 16 Jun 2008 -
Spain’s Fertiberia To Build A $1bn Ammonia Plant At Arzew
...n funds, while the remaining 70% would be financed by bank loans. Separately, Algeria’s Minister of Energy and Mines Chakib Khelil said the completion of various petrochemical projects under way in Algeria would give it a 5% share of global fertilizer production by 2011, and help to reduce its fo...
Volume: 51Issue: 23Published at Mon, 09 Jun 2008 -
CPC Pipeline Reports First Profits
...rticipation in the Baku-Tbilisi-Ceyhan (BTC) crude oil pipeline. The law opens the way for the Kazakhstan Caspian Transportation System (KCTS), which is to come into operation in 2011 with an initial 500,000 b/d capacity. Batumi Oil Terminal (BOT) shipped 718,800 tons of crude oil and products du...
Volume: 51Issue: 23Published at Mon, 09 Jun 2008 -
Lundin Petroleum Spuds Morskaya-1 Exploration Well
...ipyard is to be completed by 2011. Russian Prime Minister Vladimir Putin has said Moscow will agree to stop using intermediaries for gas shipments to Ukraine if Kiev settles its past debts, the Russian media have reported. Ukraine said earlier this year that it had paid its outstanding de...
Volume: 51Issue: 22Published at Mon, 02 Jun 2008 -
Saudi Aramco Review Raises Question Marks Over Exploration Targets
...ditions to capacity. These include the 500,000 b/d Khursaniyah project, due on-stream at the end of last year and still not fully up and running. Meanwhile, the 1.2mn b/d Khurais project, due to start up by end-2009, and the 900,000 b/d Manifa project, due for 2011 start-up, have suffered from hiccups th...
Volume: 51Issue: 22Published at Mon, 02 Jun 2008 -
OCP Signs Fertilizer Plant MOUs With Libya, Vietnam
...ant is to be built in Morocco and begin production in 2011. An ammonia plant of unknown capacity will be built in Vietnam. The announcements follow an invitation by OCP in February to international investors to participate in the development of Morocco’s phosphate and chemicals industry. OCP ex...
Volume: 51Issue: 21Published at Mon, 26 May 2008 -
Ras Laffan C IWPP Attracts 20 Banks
...timated 9,000mw power needs by 2011....
Volume: 51Issue: 21Published at Mon, 26 May 2008 -
Hayan Petroleum Produces More Gas
...arter of 2011 (MEES, 24 March, 10 March)....
Volume: 51Issue: 21Published at Mon, 26 May 2008 -
South Korea Signs Energy Deals With Kazakhstan, Uzbekistan
...140 tons of uranium from Kazakhstan in 2011-17, and 2,600 tons from Uzbekistan in 2010-16. Kazakhstan holds 19% of the world’s uranium reserves and plans to produce 15,000 tons/year by 2010 (MEES, 24 September 2007). South Korean oil and gas companies reached agreements in Uzbekistan to explore th...
Volume: 51Issue: 20Published at Mon, 19 May 2008 -
SRAK Gets Extension, Closes In On Kidan Target
...aybah 250,000 2008 Nuayyim* 100,000 2009 Khurais 1,200,000 Mn420 70,000 End-2009 Manifa 900,000 Mn90 50,000 2011-12 Ha...
Volume: 51Issue: 20Published at Mon, 19 May 2008 -
Algeria Assigns $5bn Financing Package For Terga And Koudiet Eddraouch Power Plants
...st an estimated $2.4bn and is due for completion in September 2011, is being built by a consortium comprising Egypt’s Orascom Construction Industries (OCI) and the French engineering group Alstom (MEES, 26 November 2007). Of the total cost, 30% will be funded by Sonelgaz and Sonatrach, with the re...
Volume: 51Issue: 19Published at Mon, 12 May 2008 -
Petrofac Awarded Gas Processing Contract At Kashagan
...cludes engineering, procurement and construction management for the oil treatment plant, the gas and LPG treatment plant and the sulfur treatment plant. Petrofac was awarded its first contract by Agip KCO in August 2004. The offshore Kashagan field is due to come into production in late 2011. Peak pr...
Volume: 51Issue: 17Published at Mon, 28 Apr 2008