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China Starts Construction Of Second West-East Gas Pipeline
...signed for a maximum pressure of 12 mpa. The pipeline will ensure stable gas delivery for more than 30 years, CNPC said. The Horgos-Zhongwei and Zhongwei-Jingbian sections are to be in operation by end-2009, and the Zhongwei-Guangzhou and Wongyuan-Shenzhen sections by June 2011. The entire pipeline is...
Volume: 51Issue: 09Published at Mon, 03 Mar 2008 -
Bouteflika Pledges Energy Cooperation With Russia On State Visit To Moscow
...vested… $60mn and have already discovered two oil deposits that are due to produce above 60,000 b/d by 2011.” The two Russian firms won the exploration rights to Block 245 South in 2000, in partnership with Sonatrach which holds a 40% interest, and have since made a number of oil and gas discoveries th...
Volume: 51Issue: 08Published at Mon, 25 Feb 2008 -
Pathfinder Banks Appointed For Musturud Refinery Financing
...troleum Corporation (EGPC). It will start up in 2011 producing 2.2mn tons/year of diesel and 700,000 t/y of high octane gasoline....
Volume: 51Issue: 08Published at Mon, 25 Feb 2008 -
EGL, Statoil Form Trans Adriatic Gas Pipeline Joint Venture
...pacity of the pipeline will be 10 bcm/year with an option to expand later to 20 bcm/y. The cost of the project is put initially at €1.5bn. EGL said implementation of the TAP project was subject to a final investment decision in the second half of 2009. The pipeline could come into operation in 2011. It...
Volume: 51Issue: 07Published at Mon, 18 Feb 2008 -
Evaluation Of Onshore Awali Field Bids Expected By End-May
...ars until a price of $1.50/mn BTU is reached in April 2011. New customers have been charged $1.50/mn BTU since last year. The NOGA chairman said the new pricing structure would “result in additional revenues of $40mn per year to the government and lead to rationalizing consumption and encouraging co...
Volume: 51Issue: 06Published at Mon, 11 Feb 2008 -
NPC Secures €428Mn Funding To Build Two 300,000 T/Y Polyethylene Plants
...stern Ethylene Pipeline route at Lorestan and Mahabad, are scheduled for completion in 2011. Funding will mainly be provided by Iran’s Oil Stabilization Fund (OSF), with 30% to come from Iran’s Bank of Industry and Mines. NPC tendered for the projects in 2005 (MEES, 2 May 2005) and awarded the co...
Volume: 51Issue: 06Published at Mon, 11 Feb 2008 -
Qatar Further Consolidates Asian LNG Term Sales With Thailand’s PTT Deal
...ailand’s PTT Public Company. The LNG will be supplied into the Bangkok LNG terminal when it becomes operational in 2011, said Qatargas. The terminal will be capable of receiving the cargoes using the new Q-Flex and Q-Max class of vessels, Qatargas added. PTT will use the LNG to supply mainly power co...
Volume: 51Issue: 06Published at Mon, 11 Feb 2008 -
Iran Reports Record Balance Of Trade Surplus In 2006-07
...bsequent annual payments as per the following schedule: Year Repayments Schedule ($Bn) 1386 (2007-08) 12.389 1387 (2008-09) 2.831 1388 (2009-10) 2.078 1389 (2010-11) 1.747 1390 (2011-12) onwards 4....
Volume: 51Issue: 04Published at Mon, 28 Jan 2008 -
KOC Confirms Strategic Plans For Non-Associated Gas Development
...asasah, Hashim Hashim, Deputy Managing Director of KOC, Southern and Eastern regions, said the second phase of development would begin in mid-2008 and last until 2011, with capacity rising to 600mn cfd and 165,000 b/d of condensate, and involving the drilling of 34 additional wells. The third phase, wh...
Volume: 51Issue: 04Published at Mon, 28 Jan 2008 -
Agip KCO Partners Cede Ground To Kazakh Government In End To Kashagan Dispute
...r its share increase after the field comes into production – now set for late 2011. Analysts have put the value of the shares that KMG will receive close to $3bn. The MOU calls for consortium members to pay additional royalties once production begins that may amount to more than $4.5bn, de...
Volume: 51Issue: 03Published at Mon, 21 Jan 2008 -
Hints Of Progress On Third Anniversary Of Sudan’s Fragile Peace Agreement
...dicate that the SAF troops completed their withdrawal shortly before the gathering in Wau. Sudan’s First Vice President Salva Kiir, who heads the GoSS, also attended the celebrations. Referring to the referendum on unity that is due to take place in 2011, SUNA quoted Mr Kiir saying that the option fo...
Volume: 51Issue: 03Published at Mon, 21 Jan 2008 -
BAPline Partners Form Project Company
...necessary and that negotiations should be directly with Russia and Gazprom. Kazakhstan’s Eurasian Natural Resources (ENR) on 19 December started up in Pavlodar a $900mn aluminum smelter which will reach its 250,000 tons/year capacity in 2011. Construction of the plant began in 2005. ENR is...
Volume: 50Issue: 52Published at Mon, 24 Dec 2007 -
Daelim/JGC Win EPC Contract For NCP Petchem Project
...hylene, propylene, polyethylene, polypropylene, polystyrene and 1-hexene. Construction will begin in January 2008, with project completion expected in early 2011. Commercial production is scheduled to begin in September 2011. JGC will perform the EPC services for the 1.2mn tons/year cracker, 20...
Volume: 50Issue: 52Published at Mon, 24 Dec 2007 -
UACC Orders Eight Chemical Tankers From South Korea’s SLS Shipbuilding
...ght chemical tankers, with an option for an additional two 45,000 dwt IMO II chemical tankers for delivery in 2011. UACC said it aimed to develop a fleet of medium-to-long range product tankers to serve the shipping needs of the expanding oil refining and chemical industries of its home region. UA...
Volume: 50Issue: 52Published at Mon, 24 Dec 2007 -
Caspian Services Begins Phase 1 Work On Bautino Marine Facility
...TIC Group sold 50% of Karazhanbasmunai to state-owned KazMunaiGaz Exploration and Production (KMG EP) earlier this year (MEES, 22 October). The oilfield has proven reserves of 363.8mn barrels. Production is around 45,000 b/d and target production is set to double by 2011. KazMunaiGaz an...
Volume: 50Issue: 51Published at Mon, 17 Dec 2007 -
Citadel Refinery Financing Progresses, Pathfinder Banks To Be Appointed
...ope because it includes a coker to optimize diesel production. It is 85% owned by Citadel with Egyptian General Petroleum Corporation (EGPC) holding the remainder, and the two have formed a holding company, Egypt Refining Company (ERC). It will start up in 2011 producing 2.2mn tons/year of diesel (in...
Volume: 50Issue: 51Published at Mon, 17 Dec 2007 -
SPLM Agrees To Rejoin National Unity Government As Talks Resume
...ke place in 2009, and the referendum on unity, scheduled for 2011. ...
Volume: 50Issue: 51Published at Mon, 17 Dec 2007 -
Sonatrach And Gaz De France Extend LNG Contracts To 2019
...eld development plan to the Algerian authorities during the summer of 2007 and production is due to start up in late 2011 (MEES, 7 May, 26 February). Khelil: Long-Term Gas Contracts May Be Scrapped Algerian Minister of Energy and Mines Chakib Khelil was quoted on 3 December by state news agency AP...
Volume: 50Issue: 50Published at Mon, 10 Dec 2007 -
GE To Supply Compression Trains For NCP Ethylene Project
...evron Phillips – SCP) ethylene cracker plant in Jubail, which will have a 1.165mn t/y capacity when it comes on-stream in 2011. The compression trains will consist of cracked gas, propylene refrigerant and binary refrigerant compressors, and are being manufactured by GE Oil & Gas at its facilities in...
Volume: 50Issue: 50Published at Mon, 10 Dec 2007 -
NIORDC Announces Essar Exit From Bandar Abbas Heavy Oil Refinery
...gotiations were under way with other local and international companies for the construction of the refinery, which NIORDC aims to bring on-line in 2011 (MEES, 15 January)....
Volume: 50Issue: 49Published at Mon, 03 Dec 2007