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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 -
UAE Faces Gas Crisis
...ms to boost crude production capacity from 2.8mn b/d to 3.5mn b/d by 2012-15. But serious gas increments will only start to arrive in 2012. And observers of the UAE energy scene view 2011 as a potential crisis year. The first increment is the 1bn cfd Shah ultra-sour gas development, which will pr...
Volume: 51Issue: 08Published at Mon, 25 Feb 2008 -
Yemen Accelerates Upstream Efforts As Oil Production Falls
...meni government.” Nexen’s PSA on Block 14 (Masila Block, operator, 52%) ends in 2011 (with a possibility for a five-year extension) and setting in place the EOR technology would take two-to-three years in itself. Only if the existing PSA is extended will it make sense to use EOR, Mr Mawhinney said, wi...
Volume: 51Issue: 08Published at Mon, 25 Feb 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 -
Algerian Minister Dispels Doubt Over Upstream Plans
...anwhile, construction of the new 4.5mn tons/year train at Skikda, to replace those destroyed in an explosion in 2004 will start in June. The contract was awarded to the US engineering and construction company KBR in July 2007 (MEES, 16 July 2007), with an expected cost of $2.81bn, and will be ready in 2011...
Volume: 51Issue: 05Published at Mon, 04 Feb 2008 -
Dresdner Kleinwort Holds Brent Price Forecast At $70/B For 2008
...rlier forecast also saw Brent falling away to $45.50/B by 2011, but now the Brent price is expected to flatten out at around $60/B from 2009. One of the principal reasons why oil prices rose so sharply in 2007 was OPEC’s policy of undersupplying the market with the aim of tightening inventories in or...
Volume: 51Issue: 05Published at Mon, 04 Feb 2008 -
Oman Faces Further Crude Oil Production Woes
...op crude production slippage turning into a rout. Shell-led Petroleum Development Oman (PDO) has dropped its target announced last year to raise crude production to 600,000 b/d by 2011. Oman’s Oil Ministry, while not happy, has accepted the downgrade, MEES learns. PDO will announce at its an...
Volume: 51Issue: 04Published at Mon, 28 Jan 2008 -
Saudi Aramco Prioritizes Karan Gas Field Development, Output Hikes Planned
...t be forging ahead with its first major non-associated offshore gas project. Karan is also, by some distance, Aramco’s largest non-associated gas project. The company is working hard to avoidan anticipated shortfall of gas in 2011-12, which will be especially evident in the summer months when po...
Volume: 51Issue: 04Published at Mon, 28 Jan 2008 -
Middle East Oil Production Held Back In 2007, North African And Caspian Output Increased
...adline for bids for the main construction packages on Saudi Aramco’s 900,000 b/d Manifa heavy oil increment, due on-stream in 2011. These are not now expected to be in until June. And the 500,000 b/d Khursaniyah project, the kingdom’s only scheduled 2007 crude increment, missed its year-end start-up ta...
Volume: 51Issue: 04Published at Mon, 28 Jan 2008 -
Iran Reports Record Balance Of Trade Surplus In 2006-07
...bsequent annual payments as per the following schedule: Year Repayments Schedule ($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 -
Saudi Downstream Drive Enters Critical Phase
...ability of some to the limit and delays prompted by the need to reduce costs have moved start-up dates on the new generation of Saudi refineries to late-2012-early-2013 from original 2011 start-up dates. Front-end engineering and design (FEED) for the kingdom’s two flagship export refinery joint ve...
Volume: 51Issue: 03Published at Mon, 21 Jan 2008 -
Algeria Set To Launch Seventh Bid Round In Upstream Gas Push
...ich is now expected in late 2011, three years later than originally thought, an Anadarko spokesman told MEES: “Given the licence [problems] with Sonatrach and trying to recoup money from the excess profits tax, that’s bound to have an impact on the timing of the project.” Another reason for the de...
Volume: 51Issue: 03Published at Mon, 21 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