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Egyptian Refinery Takes Top Spot In African Project Financing
...C) consortium along with GS Engineering and Construction. The contractors estimate that they will complete construction and operational testing in the second half of 2014, with full operations beginning in 2015. With $2.6bn coming from senior and subordinated debt, the remaining $1.1bn of the $3....
Volume: 53Issue: 34Published at Mon, 23 Aug 2010 -
Egyptian Refinery Takes Top Spot In African Project Financing
...C) consortium along with GS Engineering and Construction. The contractors estimate that they will complete construction and operational testing in the second half of 2014, with full operations beginning in 2015. With $2.6bn coming from senior and subordinated debt, the remaining $1.1bn of the $3....
Volume: 53Issue: 33Published at Mon, 16 Aug 2010 -
Abu Dhabi’s Gas Crunch Worsens
...Middle East Economic Survey VOL. LIII No 32 9-Aug-2010 MEES Agenda Abu Dhabi’s Gas Crunch Worsens Abu Dhabi’s gas crisis will worsen until 2014, and continue until 2017 unless it finds an alternative to domestic gas, due to delays in major development projects. It already faces a 2b...
Volume: 53Issue: 32Published at Mon, 09 Aug 2010 -
Question Mark Hangs Over ADNOC Oil Concessions
...om six oil fields in a 21,000 sq km a concession area, ends in January 2014 (MEES, 22 February). It aims to have a production capacity of 1.8mn b/d by 2017, according to ADNOC. An offshore oil joint venture, ADMA-OPCO – ADNOC 60%, BP 14.67%, Total 13.33% and Japan Oil Development Company (JODCO) 12...
Volume: 53Issue: 31Published at Mon, 02 Aug 2010 -
Qatar Eyes Iran As Tehran Pushes Shared Oil Field Development
...possible for Qatar to produce an accurate computer model of the depletion rate, at a time when Doha has imposed a moratorium on future major development projects before 2014, while it studies the field. Tehran’s Concerns Tehran is concerned that the Qatari gas development – which is far in front of Ir...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
Industry Questions Absence Of Major In Abu Dhabi’s Shah Gas Project
...train (MEES, 17 May). The plant will supply around 540mn cfd of gas into the UAE grid, with the bulk of the waste gas being toxic and corrosive hydrogen sulfide, by the third quarter of 2014. “The project can only be operated safely in a partnership with a major,” a UAE source told MEES. The te...
Volume: 53Issue: 29Published at Mon, 19 Jul 2010 -
BP Courts Potential Gulf Investors
...so 14.67% in ADMA for the offshore sector (along with ADNOC, Total and Japan Oil Development Company). The former expires in 2014, and the latter in 2018 (MEES, 4 May 2009). It also holds an interest in the proposed Hydrogen project with Masdar (MEES, 28 June). The company’s other large holdings in th...
Volume: 53Issue: 28Published at Mon, 12 Jul 2010 -
Question Mark Over $6Bn ExxonMobil Qatar Petrochemicals Project
...xonMobil has a stake in four of Qatar’s LNG mega-trains, and two conventional North Field gas projects: 2bn cfd al-Khaleej, which is on stream, and 1.5bn cfd Barzan, which will start up in 2014. Barzan and al-Khaleej’s second phase will provide the domestic market with gas. The first phase of al-Khaleej su...
Volume: 53Issue: 28Published at Mon, 12 Jul 2010 -
MEES Agenda: Lebanon Pushes Reform Plan For Its Troubled Power Sector
...oduction costs. The reform plan is expected to result in a power sector with more than 4.0gw generation capacity by 2014 and 5.0gw after 2015. The plan envisages an investment of $4.87bn to raise capacity to 4.0gw. The government of Lebanon expects to invest up to $1.5bn, with $2.3bn coming from the pr...
Volume: 53Issue: 28Published at Mon, 12 Jul 2010 -
Tighter Sanctions Aimed At Iran’s Energy Sector
...fining and Distribution Company (NIORDC) is launching a massive downstream expansion. If realized, Iran would add over 1.5mn b/d of brand new refinery capacity at a cost of over $27bn, not to mention expansion of 1.1mn b/d at existing refineries at a cost of $11.4bn, and all by 2014. Tehran has also an...
Volume: 53Issue: 27Published at Mon, 05 Jul 2010 -
Iraqi Cabinet Gives Initial Approval Of $17Bn Shell Gas Deal
...st a working number. It could change,” Iraq’s deputy oil minister for the downstream, Ahmad al-Sham'a, tells MEES. Funding will be staggered with $450mn to be paid in 2013, $1.25bn in each of 2014 and 2015 and $1.2bn in 2016, news reports said. The deal, which brings together SGC (51%), Shell (44%) an...
Volume: 53Issue: 27Published at Mon, 05 Jul 2010 -
Domestic Demand Challenge Highlighted By Saudi Aramco Report
...expand gas production and processing capacities by 4.5bn cfd by 2014, an increase of 40% over current capacity.” It is working to bring its first non-associated offshore gas field into production – the 1.8bn cfd Karan project. Karan involves output from 19 wells on four producing platforms, with ga...
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
Qatar Eyes Yamal And Iran Investments, Technical Problems Close LNG Plants
...extra 1.5bn cfd of gas by 2014 for power generation. However, “our local electricity demand forecasts are all over the place,” a QP official tells MEES. The problems appear to have already created one casualty, Faisal al-Suwaidi, former CEO of Qatargas, who was forced to resign this month as pr...
Volume: 53Issue: 24Published at Mon, 14 Jun 2010 -
Cash Shortage Delays Iran Gas Pipeline, Pakistan Pursuing LNG Imports
...nally signed a deal to build a 2,150km pipeline to supply Iranian gas to Pakistan. But Pakistan cannot find the $1.65bn it needs to build its part of the project. They signed the 25-year deal on 28 May to pump 750mn cfd of gas from the South Pars field to Pakistan by the end of 2014, with the option of in...
Volume: 53Issue: 23Published at Mon, 07 Jun 2010 -
Independents Growing In Importance For Gulf Oil And Gas Developments
...ip Iraqi gas to Europe through Turkey via the proposed 3,300km Nabucco pipeline by 2014. Dana’s willingness to enter a high-risk environment, however, can backfire – Iran refuses to supply 600mn cfd of gas to the UAE via a pipeline it built with Dana, as it wants a price higher than that agreed in 20...
Volume: 53Issue: 22Published at Mon, 31 May 2010 -
Abu Dhabi Going Solo To Develop Shah Ultra-Sour Gas
...Ls, which would offset the cost of handling H2S. However, Shah’s 50,000 b/d of condensate and 51,000 b/d of other NGLs will make it profitable. Meanwhile, the 1bn cfd integrated gas development (IGD) project start-up has been delayed by three years to 2014, due to contractor hold-ups. It will bring ga...
Volume: 53Issue: 20Published at Mon, 17 May 2010 -
QP Abandons Planned Al-Shaheen Refinery Project
...rubeni share the remaining 9%. Qatar’s condensate downstream expansion is predicated on absorbing rising condensate production, which will hit 750,000 b/d in 2014, when the ExxonMobil-led 1.5bn cfd Barzan project – the final portion in Qatar’s current upstream gas expansion – comes on stream (MEES, 14 De...
Volume: 53Issue: 20Published at Mon, 17 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 -
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 -
Greece And Italy Promote ITGI Gas Pipeline As Best Start To Southern Corridor
...r Bulgaria by 2013 and Italy by 2014-15. The IGB is a small project and easily fits the purposes of Greece, Italy and Bulgaria.” Mr Paleoyannis said a DEPA delegation recently visited Azerbaijan to discuss the possibility of receiving gas from that country’s state-owned oil and gas company Socar....
Volume: 53Issue: 12Published at Mon, 22 Mar 2010