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Lukoil Renews Cooperation Agreement With Astrakhan Region
...d Surgutneftegas also use the 1,510km pipeline, the capacity of which is due to be expanded to 67mn tons/year (1.34mn b/d) in 2014 (MEES, 12 April). BP Azerbaijan on 6 May said crude oil production in the offshore Azer-Chirag-Guneshli (ACG) oilfields totaled 9.7mn tons during the first qu...
Volume: 53Issue: 19Published at Mon, 10 May 2010 -
Ma'aden Awards Contracts For Ras Al-Zour Aluminum Project
...gineering and infrastructure supervision services at the site. The smelter and rolling mill will be built during a first phase of development, with first production anticipated by 2013, while the mine and refinery are set to be completed by December 2014. Ma'aden and Alcoa and announced their joint venture ag...
Volume: 53Issue: 19Published at Mon, 10 May 2010 -
Surging Demand Threatens Middle East Exports
...ursaniyah (1bn cfd, 2010), Karan (1.8bn cfd, in stages during 2011-13) and the Wasit Gas Plant (2.5bn cfd, 2014), Mr Falih said. Sales gas capacity will increase from 7bn cfd to 9.3bn cfd by 2015. Ethane production capacity will rise from 800mn cfd to 1.2bn cfd, while NGL production capacity will grow from 93...
Volume: 53Issue: 18Published at Mon, 03 May 2010 -
Nabucco Launches Prequalification Process For Long Lead Items
...nsortium plans to make a final investment decision on the €7.9bn project during the fourth quarter of this year. Construction is scheduled to begin at the end of 2011 and first flow is due in 2014 with an initial throughput of 8-10 bcm/year. Full capacity of 31 bcm/y is expected to be reached in 2018. A st...
Volume: 53Issue: 18Published at Mon, 03 May 2010 -
Turkey And Azerbaijan Reach Agreement On Gas Purchase And Transit
...ansport 31 bcm/year of Caspian/Middle East gas to Europe, beginning in 2014. Also competing for Shah Deniz Stage 2 gas are the interconnector pipeline systems – Interconnector-Turkey-Greece-Italy (ITGI) and Interconnector-Greece-Bulgaria (IGB) and the Trans Adriatic Pipeline (TAP), which is also looking to...
Volume: 53Issue: 18Published at Mon, 03 May 2010 -
ERC Seeks Remaining Funding For Musturud Refinery
...grading is being implemented as a lump sum turnkey (LSTK) contract. Completion is planned for 2014. It had originally been scheduled for 2011, and costs were pegged at $2.25bn (MEES, 30 June 2008). But the project financing for the refinery was slowed down by the financial crisis, and underwent al...
Volume: 53Issue: 18Published at Mon, 03 May 2010 -
Al Bou Kamal Producing 1,000 B/D From South Kishma
...000 b/d of crude from the South Kishma oil field in Block 27, the Syrian official news agency SANA reported on 25 April. The company plans to raise production capacity to 5,000 b/d by 2014. Both the South Kishma-101 and South Kishma-2 wells are nearing completion, and a total of eight wells are scheduled fo...
Volume: 53Issue: 18Published at Mon, 03 May 2010 -
IMF Calls For More Broad-Based Reforms In Egypt
...prevent the build-up of inflationary momentum should it fail to abate as rapidly as the authorities expect. Planned broad-based reforms, particularly those aimed at fiscal consolidation, are seen as key to the authorities’ objective of reducing the fiscal deficit to about 3% by 2014-15. “In...
Volume: 53Issue: 17Published at Mon, 26 Apr 2010 -
Black Sea LNG Plan Offers Alternative For Azerbaijani Gas Supply To Europe
...s transport projects to Europe are complimentary.” He also stated that the AGRI project might be ready before the Nabucco pipeline, which is due to come into operation in 2014-15. The AGRI concept has been under study for some time by the countries involved, and it has been acknowledge that a pr...
Volume: 53Issue: 16Published at Mon, 19 Apr 2010 -
RWE Opens Office In Ashgabat, Moves Ahead With Offshore Block 23
...st $32.2bn. The giant field is to come on stream in 2014 at a rate of 370,000 b/d. It will reach peak output of 1.5mn b/d around the end of the decade. Kazakhstan’s KazMunaiGaz (KMG) is considering borrowing $2bn this year, Bloomberg reported on 9 April. The company plans to invest $4.3bn during 20...
Volume: 53Issue: 16Published at Mon, 19 Apr 2010 -
Tatneft Begins Oil Production In Syria’s South Kishma Field
...cond quarter, with the development budget for the year at $15mn (MEES, 15 February). Another eight wells are projected for completion by 2014, when production from the field is expected to reach 4,500-5,000 b/d. South Kishma lies in the southeastern Deir Ez-Zor province on the border with Iraq and ha...
Volume: 53Issue: 16Published at Mon, 19 Apr 2010 -
Condensate Expansion East Of Suez Boosted By Increased Gas Development
...tlook, 2010-15 ('000 B/D) 2010 2011 2012 2013 2014 2015 Iran 624 686 729 783 807 873 Iraq 92 142 167 219 285 319 Kuwait 87 92 105 110 114 11...
Volume: 53Issue: 16Published at Mon, 19 Apr 2010 -
Russia’s Transneft Claims Bulgaria Delaying Burgas-Alexandroupolis Pipeline Project
...34mn b/d) with completion due in 2014 (MEES, 11 January). KazMunaiGaz Trade House, a subsidiary of Kazakhstan’s state-owned oil and gas company, KazMunaiGaz, will seek to sell crude oil to North American and China by 2015, General Director Daniyar Belibyaev said on 1 April, according to In...
Volume: 53Issue: 15Published at Mon, 12 Apr 2010 -
Laffan Condensate Refinery Inaugurated, Expansion Work Expected In 2011
...e contract in May 2005 (MEES, 27 June 2005). The plant foundation stone was laid in April 2006 (MEES, 24 April 2006). The refinery was originally scheduled for start‐up in the fourth quarter of 2008, but before it was finished Qatar said it planned to double its capacity by 2014 (MEES, 10 September 20...
Volume: 53Issue: 15Published at Mon, 12 Apr 2010 -
Turkey’s Gas Imports Bill Totals $9.9Bn In 2009, Crude Imports $6.4Bn
...nstruction in 2014....
Volume: 53Issue: 14Published at Mon, 05 Apr 2010 -
Shah Sour Gas Project Set For Late 2014 Start-Up
...Middle East Economic Survey VOL. LIII No 14 05-April-2010 UAE Shah Sour Gas Project Set For Late 2014 Start-Up Abu Dhabi is eyeing the second half of 2104 for the start-up of its Shah sour gas development project, according to statements made by the head of Abu Dhabi Gas De...
Volume: 53Issue: 14Published at Mon, 05 Apr 2010 -
ESAI Predicts Demand For OPEC Crude Will Exceed Capacity After 2020
...is year to 2014, with global oil demand growth averaging 1.7% a year. “After that, however, improvements in fuel economy, the penetration of non-petroleum based fuels in transport, and a price on carbon will all contribute to the scaling back of oil demand growth to a long term average around 1.0%.” Ye...
Volume: 53Issue: 13Published at Mon, 29 Mar 2010 -
Nabucco Confirms 2014 Target For Pipeline Start-Up
...Middle East Economic Survey VOL. LIII No 13 29-March-2010 CASPIAN Nabucco Confirms 2014 Target For Pipeline Start-Up Nabucco Managing Director Reinhard Mitschek confirmed on 25 March that co...
Volume: 53Issue: 13Published at Mon, 29 Mar 2010 -
Iran And Pakistan Sign Gas Pipeline Agreement
...peline is scheduled for late 2014 or early 2015. Despite pressure from the US government on Islamabad not to sign the deal, Pakistan’s Minister of Petroleum Naveed Qamar told reporters on 17 March that the pipeline would constitute an “historic achievement” and a “milestone towards meeting” his country’s en...
Volume: 53Issue: 13Published at Mon, 29 Mar 2010 -
TAP Consortium Applies For Inclusion In Italy’s Rete Nazionale Gas Grid
...untries and Iran over the latter’s nuclear program, TAP is now looking to secure gas supplies from Azerbaijan’s Shah Deniz Stage 2 project, which could come into operation in 2014 or later....
Volume: 53Issue: 13Published at Mon, 29 Mar 2010