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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 -
Saudi Arabia Set For 1.55Mn B/D Capacity Surge
...have come on stream in September 2011, but MEES understands the development timetable has been extended 18 months, putting full Manifa commissioning well into 2013. Manifa output, which was earmarked to feed new high conversion refineries in the Kingdom, was to have offset declines. Saudi Ar...
Volume: 52Issue: 18Published at Mon, 04 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 -
Overseas Operations Push SABIC Into The Red
...clical chemicals a smaller part of its portfolio longer term. SIP will also help on the marketing side when SABIC launches the polycarbonate resin produced by the Kayan venture in 2011. SABIC did buy at the top of the market and things started going south very quickly, but the problems are not sp...
Volume: 52Issue: 17Published at Mon, 27 Apr 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 -
Political Comment (20 April 2009)
...ymond Odierno, remains confident that the US will complete its withdrawal from Iraq by the 31 December 2011 deadline set by President Obama. Speaking on CNN, Gen Odierno acknowledged that “there are still some elements that are able to conduct some very serious attacks,” but, when asked to grade on...
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 -
Libya’s Gas Export Plans Hampered By Rising Local Demand, Lack Of Discoveries
...ound 70,000 b/d. The field is also producing 3mn cfd of associated gas, which will rise to 16mn cfd when it is fully developed by 2011 (MEES, 17 November 2008). Repsol Upstream’s Regional Executive Director of Europe, Asia and Africa Alvaro Racero told MEES that the produced gas will be burnt at th...
Volume: 52Issue: 14Published at Mon, 06 Apr 2009 -
Refining At A Crossroads
...t this year is forecast to fall to around 320,000 b/d, before slipping under 250,000 b/d in 2010, and then climbing back to 250,000 b/d in 2011, suggests Mr Poegl. In the Middle East, gasoline consumption is expected to increase by 422,000 b/d or 2.8% per year from 2008 to 2020. If plans are re...
Volume: 52Issue: 14Published at Mon, 06 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 -
Oman Sidesteps Gas Crunch As Liquids Output Rises
...crement when it starts up in 2010. Expected start-up at Qarn Alam, one of the world’s biggest steam injection projects, has slipped into 2011. Around 40,000 b/d of new oil is targeted from the project, but phase one is likely to involve around half this amount, MEES understands. Omani firm Petrogas ha...
Volume: 52Issue: 13Published at Mon, 30 Mar 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 -
Algeria To Spend $63Bn On Energy Projects Over The Next Five Years
...March at the cost of around $3bn, Dr Khelil said. Eni is developing the block, since acquiring the Canadian operator First Calgary Petroleum in September last year, and said at the time of the acquisition that production was due to begin in 2011. The contract for the Gassi Touil surface in...
Volume: 52Issue: 12Published at Mon, 23 Mar 2009