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Abu Dhabi Capacity Expansion Schedule Slips By A Year
...pacity of about 500,000 b/d, will not be known until the project, which will start up in 2014, is at full capacity in 2016. ADNOC has not published any expected boosts, but under optimum conditions of structures and depth, 20% increases have been achieved elsewhere. ADCO says CO2 could free up as mu...
Volume: 54Issue: 18Published at Mon, 02 May 2011 -
Abu Dhabi Studies Gulf’s Largest Wind Farm
...at would be biggest in the Gulf. If fast-tracked, Masdar would award a construction contract in January and the farm would begin sending power to the grid in 2014, MEES understands. The emirate’s goal is to achieve 7% of its power from renewables by 2020, but to date has invested little in wind en...
Volume: 54Issue: 18Published at Mon, 02 May 2011 -
Qatar’s $5Bn Barzan Project Financing Moving Ahead
...pected to be completed this year, could also include an Islamic tranche, although ultimately this will depend on how competitive it is with the other sources of funding being tapped. Barzan was originally planned for 2012 start-up, but that date was put back to 2014. Now that the two EPC contracts ha...
Volume: 54Issue: 17Published at Mon, 25 Apr 2011 -
Cyprus Warns Investors Against TPAO East Mediterranean Block Offer
...seismic available. TPAO holds 100% interest in all the blocks until 2014 and operatorships are available along with past-cost information. Operators would be required to draw up a minimum work program that includes seismic acquisition and drilling. According to TPAO there exist five large st...
Volume: 54Issue: 17Published at Mon, 25 Apr 2011 -
Kuwait Follows Abu Dhabi Into Asia-Pacific LNG Investment
...in the project with a 6.4% stake. Chevron Australia Managing Director Roy Krzywosinski said the front-end engineering and design (FEED) activity on Wheatstone is nearly complete. The plant at Ashburton North will initially export up to 8.9mn t/y of LNG to South Korea and Japan in 2014. The Ku...
Volume: 54Issue: 16Published at Mon, 18 Apr 2011 -
Kuwait Advances Chinese Refinery, But KSA Leads Gulf Projects In Asia-Pacific
...art up in 2014, but MEES understands it is more likely to be 2018-19. Kuwait, which also plans to build plants in Vietnam and Indonesia, is trying to secure markets for its crude and is therefore eager to provide feedstock to these operations. It aims to boost crude exports to China to 50...
Volume: 54Issue: 16Published at Mon, 18 Apr 2011 -
Egypt Allocates $3.36Bn For Electricity Sector In 2011-12
...nstruction of other solar energy plants, starting with a 100mw plant at Kom Ombo. He also said that a technical advisory agreement for a 250mw wind farm has been signed to be set up on a build-own-operate basis by 2014. ...
Volume: 54Issue: 16Published at Mon, 18 Apr 2011 -
Kuwait Eyes Permanent LNG Facilities As Politics Holds Up $90Bn Energy Plan
...ring peak demand cause temperatures and tempers to rise while air conditioning units shut down, and are a key source of political discontent. Current power capacity is 12gw and Kuwait will have added 4gw by 2014-15, when the al-Zour power plant comes on stream. By this date Jurassic reservoirs in no...
Volume: 54Issue: 15Published at Mon, 11 Apr 2011 -
LNG-Powered Vessels – A Potential Game Changer In Shipping
...ws are fragmented and do not cover all aspects in a unified code. But a framework International Gas Fuelled Ships code is expected in 2014. Joseph Morelos, senior surveyor at Lloyd’s Register of Shipping, said at Gastech that the code “will lead to wider acceptance of gas-fuelled ships.” The gr...
Volume: 54Issue: 14Published at Mon, 04 Apr 2011 -
Kuwait Launches Tender For Al-Zour North Power Plant
...rth will have capacity to generate 1.5gw of electricity and produce 100mn gallons/day of desalinated water and will be fuelled by natural gas and/or fuel oil (MEES, 21 September 2009). Kuwait plans to spend KD7.5bn ($27bn) through 2014 to develop its water and power infrastructure, Reuters re...
Volume: 54Issue: 14Published at Mon, 04 Apr 2011 -
Alstom Awarded €170Mn Contract For Al-Zour Power Plant Expansion
...e French company announced on 28 March. The steam-tail will add 400mw to the plant’s existing 800mw generating capacity, increasing its efficiency and cutting emissions per megawatt produced. Al Ghanim contracted Alstom to complete the new plant by 2014. According to the statement, the contract fo...
Volume: 54Issue: 14Published at Mon, 04 Apr 2011 -
Uncertainty Is Set To Continue, Says Crédit Agricole
...yal decrees which included numerous handouts, as well as socio-economic support programs. The measures – ranging from the injection of capital into the kingdom’s healthcare services and real estate fund, to the building of around 1mn new housing units by the end of 2014 (MEES, 28 March) – are ex...
Volume: 54Issue: 14Published at Mon, 04 Apr 2011 -
KRG Oil Sector Pushes Ahead Amid Challenging Times
...rgeted crude production will rise to 3.3mn b/d next year from 2.75mn b/d in 2011. Baghdad is eyeing output of 4.5mn b/d in 2013 and 6.5mn b/d in 2014. The projections are considerably more than those forecast by independent analysts, which see capacity expansion schedules severely cramped by export in...
Volume: 54Issue: 13Published at Mon, 28 Mar 2011 -
Europe Must Compete With Asia To Secure LNG, Qatargas Chief Warns
...ntinues with the North Field moratorium after it completes its studies in 2014 into its depletion rate. Shell has signed a preliminary deal with Qatar to build a 1.5mn t/y monoethylene glycol plant, and is in talks to secure ethane from Pearl for the project instead of just contributing it to state-ow...
Volume: 54Issue: 13Published at Mon, 28 Mar 2011 -
KNOC Expands Upstream Presence in Kazakhstan
...mpany Sumbe from China’s Sinochem for $335mn. Sumbe operates two fields in western Kazakhstan with an expected output of 20,000 b/d up to 2014....
Volume: 54Issue: 13Published at Mon, 28 Mar 2011 -
BP CEO Meets New Egyptian Leadership To Discuss Investment
...rket. The BP statement said the first phase will recover an estimated 5 tcf of gas and associated condensate through a subsea development of five offshore fields linked to a new purpose-built onshore gas plant on Egypt’s Mediterranean coast, with first gas expected in late 2014. Last November, BP an...
Volume: 54Issue: 13Published at Mon, 28 Mar 2011 -
PDO To Prequalify Companies Shortly For $250Mn Lekhwair Gas Plant Construction
...port facilities, condensate export pipelines and a liquid surge tank. The gas plant is expected to start operating by late 2014. Over 20 companies reportedly expressed interest in the engineering, procurement and construction (EPC) contract. The tender for the project was sent out in December....
Volume: 54Issue: 13Published at Mon, 28 Mar 2011 -
Saudi Arabia Intensifies Efforts To Meet Soaring Housing Demand, BSF Says
...yadh at 325,000 units. These two regions alone are seen to account for just over 55% of new demand during the five-year period 2010-14. Under the terms of its 2010-2014 Ninth Development Plan, the government is aiming to add around 1mn units to the market by the end of 2014, still falling around 25...
Volume: 54Issue: 13Published at Mon, 28 Mar 2011 -
Shoaibi Group Forms Gas Treatment Joint Venture With Prosernat
...r field gas separation, oil desalting and gas treatment facilities. “Natural gas production is on the rise in Saudi Arabia and is expected to increase by 40% in the next four years to 4.5bn cfd in 2014,” said Khalid al-Shoaibi, Shoaibi Group Director and PNSA Chairman....
Volume: 54Issue: 13Published at Mon, 28 Mar 2011 -
Saudi Aramco And Sinopec Announce Refinery Partnership
...nbu' refinery is expected to cost just shy of $10bn and is designed to run heavy oil from Manifa. Scheduled to come on stream in late 2014, Yanbu' will produce 263,000 b/d of ultra-low sulfur diesel, 90,000 b/d of gasoline, 6,300 tons/day of petroleum coke and 1,200 t/d of sulfur. “This agreement fu...
Volume: 54Issue: 12Published at Mon, 21 Mar 2011