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Iran Condensate Severely Discounted, Gulf Producers Face Changing Market
...ach full production and export capacity by 2014, but it is still unclear how it will market it all. Qatar must now determine its future direction as a condensate seller that has committed most if not all of its export availability. “Tasweeq has to ensure that it doesn’t target both condensate and LPG at...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
Bahrain Tender Board Continues To Evaluate LNG Import Terminal Bids
...the 5th OPEC International Seminar in Vienna on 13 June. The winner is expected to be announced before the end of the year and then the front end engineering and design (FEED) will start. The tender specifies the import of 400-800 cfd of LNG for 15 years starting in 2014. Like the other Gu...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
Petrokemya And Tecnicas Reunidas Plan To Establish ABS Plant
...change website. The ABS project is expected to be mechanically completed during the fourth quarter of 2014. The project will produce a variety of grades of ABS to support the automotive and electrical appliance industries. ...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
Kuwait’s Oil Minister Stands Firm Against MPs, Appoints Senior Management
...urisly as chairman and managing director. KOTC plans to build nine tankers by 2014 – taking the total to 33 (MEES 30 January). Mr Khashti is a veteran KPC executive whose positions have included heading Kuwait Gulf Oil Company (KGOC) and Kuwait Foreign Petroleum Exploration Company (Kufpec). Mr Bourisly be...
Volume: 55Issue: 24Published at Mon, 11 Jun 2012 -
New Algerian LNG Capacity Faces Lack Of Gas
...sition to supply them a final investment decision (FID) has been repeatedly put back. The project, which had been due on stream in 2014, will almost certainly be shelved later this year. Italy, which remains Algeria’s top export customer, is already linked (via Tunisia) by the TransMed pi...
Volume: 55Issue: 24Published at Mon, 11 Jun 2012 -
NIORDC Announces Oil Products Agreement With Iraq
...ana that the two sides confirmed an agreement for the construction of a 270km gas pipeline by December 2014 for the supply of 25mn cmd of Iranian gas to the Baghdad and al-Mansoura power plants. Mr Owji added that Iraq again expressed its support for a 5,800km gas pipeline linking Iran with Iraq, Sy...
Volume: 55Issue: 24Published at Mon, 11 Jun 2012 -
Pakistani President Reaffirms Commitment To Iran-Pakistan Gas Pipeline
...s government was committed to complete its part of the 7.8 bcm/year capacity pipeline by 2014. In related news National Iranian Gas Company (NIGC) director of gas distribution Mostafa Sheikh Bahaie told reporters on 5 June that the Iranian component of the Iran-Pakistan pipeline was almost 75% co...
Volume: 55Issue: 24Published at Mon, 11 Jun 2012 -
Qatar Continues To Boost Budget Expenditure In 2012-13
...owth in the hydrocarbon sector slowing down to 3% due to Qatar’s self imposed moratorium on the development of new North Field projects until 2014, while substantial investment in infrastructure, coupled with increased levels of production in Qatar’s manufacturing sector is projected to boost growth in th...
Volume: 55Issue: 23Published at Mon, 04 Jun 2012 -
Bahrain Narrows In On Preferred Bidders For LNG Import Terminal
...mpany, Nogaholding, told MEES. The tender board, which meets weekly, will then decide whether to approve the choice, and if it does the results will be published. The tender specifies the import of LNG equivalent to 400-800mn cfd of gas for 15 years starting in 2014. Like the other Gulf countries, with th...
Volume: 55Issue: 23Published at Mon, 04 Jun 2012 -
Saudi Aramco Steps On The Gas
...gnificant for gas will be the start-up of the offshore 1.3bn cfd Hasbah and 1.2bn cfd Arabiyah non-associated fields in 2014 to feed the Wasit gas plant, currently under construction. Ordinary supply of 2.5bn cfd will produce 1.75bn cfd of sales gas and can be augmented to 3.05bn cfd in peak summer demand mo...
Volume: 55Issue: 23Published at Mon, 04 Jun 2012 -
KRG Nears Separate Export Decision
...15 and a doubling of refining capacity to 200,000 b/d by 2014. Current liquids capacity stands close to 270,000 b/d. The 2015 targets are based largely on fields that have yet to be fully delineated or appraised, though there is little doubt significant growth potential exists. But for the foreign op...
Volume: 55Issue: 22Published at Mon, 28 May 2012 -
Qatar Joins renewables Race In Move To Conserve North Field Gas
...likely to end the moratorium on further development when the study is completed in 2014. It has also been reluctant to expand existing export projects – declining to sell more gas to Dolphin Energy, which sends 2bn cfd of Qatari gas to the UAE and Oman via its 3.2bn cfd capacity pipeline. Furthermore, Qa...
Volume: 55Issue: 22Published at Mon, 28 May 2012 -
IMF Estimates UAE Real GDP Growth In 2011 At 4.9%
...debtedness, refinancing needs and reliance on foreign funding remain high, with about $30bn of GRE debt maturing this year and significant amount of debt falling due in 2014-15, the IMF added. The IMF executive directors welcomed the continued economic recovery and favorable near term outlook, but at...
Volume: 55Issue: 22Published at Mon, 28 May 2012 -
Saudi Arabia Heads Donors Pledging $4Bn In Aid To Yemen
...itial $2.17bn to help stabilize the country, fight militant attacks and ease a humanitarian crisis. It also requires a further $5.8bn in the future to develop the economy and national infrastructure, with about $3.7bn needed by 2014. Another donors’ meeting specifically aimed at the aid pledges is to be he...
Volume: 55Issue: 22Published at Mon, 28 May 2012 -
Tunisia: Oil Production Slump Exacerbates Budget Shortfall
...om 2014. Ben Bir Tatar production should reach 5,000 b/d of sweet 40° API crude by late 2012 or early 2013, up from the current 2,500 b/d with an accelerated drilling program from the third quarter (following the addition of a second rig) and average one well a month for the remainder of 20...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
Ankara Assumes Critical Regional Energy Role
...oil and products by rail or land into Turkey, if “required by national interest”, in a move potentially laying the foundations for future legal KRG imports by truck. And in March, Turkey’s energy regulator invited Turkish firms to apply for licenses to import Iraqi gas from 2014, opening up the pr...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
POGC Announces Plan To Revive North Pars/LNG Development
...velopment by domestic contractors will be made in the next Iranian year and project execution will start in early 2014.” ...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
Qatar Revives Plans For 120,000 B/D Tunisian Refinery
...tari counterparts, said that the project was slated to “get underway at the end of 2012,” to enter service in 2014 or 2015, and that the initial 120,000 b/d capacity would later be expanded to 250,000 b/d. ...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
International Oil Firms Flock To Abu Dhabi
...UAE International Oil Firms Flock To Abu Dhabi Abu Dhabi is emerging as the premier investment upstream investment opportunity in the Gulf region. Media scrutiny has been on potential new partners for the 1.4mn b/d ADCO fields, whose concession expires in January 2014. But recent up...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
Mubadala And IPIC Seek Financial Advisor For Fujairah LNG Regasification Terminal
...ready been meetings with banks and an advisor is expected to be appointed sometime soon. “If they want to get the terminal ready in 2014, they will need to appoint an advisor and have financial close very quickly,” said one expert. Ideally they should approach banks for project financing sometime this ye...
Volume: 55Issue: 21Published at Mon, 21 May 2012