- Sort by:
- Score
- Published ▼
-
Kuwait And China Sign Agreements For $9Bn Refinery/Petchem Project
...mpany (KPC) and China Petroleum and Chemical Corporation (Sinopec). With plans to have it online and operational by 2014-15, the 300,000 b/d capacity refinery will be set up to process Kuwaiti crude oil and to supply products locally in the growing Guangdong province market and to the rest of Ch...
Volume: 54Issue: 12Published at Mon, 21 Mar 2011 -
Bidder Opts Out Of Contest For Oman’s 2GW Sur IPP
...ll commissioning is expected ahead of the 2014 summer peak demand. OPWP issued its request for proposal (RFP) for the plant last October (MEES, 4 October 2010)....
Volume: 54Issue: 11Published at Mon, 14 Mar 2011 -
Iran Claims South Pars 15-16 Progress
...rch. Analysts, however, doubt the claim’s accuracy. Siamak Adibi, head of the Middle East Gas Team at FACTS Global Energy consultancy tells MEES: “I don’t think it will come on stream before Phase 12. Phase 12 will be on stream on early 2013. Phases 15 and 16 might come later maybe in 2014.” Ir...
Volume: 54Issue: 10Published at Mon, 07 Mar 2011 -
Solar Cell Plant To Be Built In Jubail
...to ingots, wafers and solar cells to be mounted onto panels in order to generate electricity from the sun. The plant will produce 3,350 tons/year of solar grade polysilicon by 2014, under the first phase of the project. Two other phases of the project are envisaged that will raise capacity to ov...
Volume: 54Issue: 10Published at Mon, 07 Mar 2011 -
Doubts Gather Over Gulf Petrochemical Plans
...own at 5% a year for the past 25 years, according to Shell. It is the main building block for the olefin petrochemicals, and is used in many key products and in particular polyethylene. But China is building plants at a faster rate and by 2014 will likely have ethylene cracking capacity roughly eq...
Volume: 54Issue: 09Published at Mon, 28 Feb 2011 -
Saudi $36Bn Support Package On Track, Vigilance Needed On Jobs
...rough 2014. Rental inflation, while halved, remains near 10% and sale prices for properties have risen quickly in the past year. The 19 orders from the king include a pledge to provide unemployed Saudis with financial support for one year and write off a series of loans, and admit all Saudi st...
Volume: 54Issue: 09Published at Mon, 28 Feb 2011 -
Siemens Awarded $1Bn-Plus Order For Ras Al-Zour Power Plant
...ntracting Company (ACC), Saudi Arabia and the Chinese Sepco III Electric Power Construction Corporation. The start of commercial operation is scheduled for early 2014. Last year, Saudi state‐owned Saline Water Conversion Corporation (SWCC) awarded a $2.44bn contract to build the 2.8gw electricity ge...
Volume: 54Issue: 09Published at Mon, 28 Feb 2011 -
Noble Energy Looks To Accelerate Cyprus Offshore Program
...an LNG plant is feasible. Furthermore, MEES sources suggest that Israel’s Tamar gas could be developed to arrive on the island as early as January 2014. Cyprus announced in late December that it had reached an initial agreement with Shell for the supply of LNG over a 20-year period after me...
Volume: 54Issue: 08Published at Mon, 21 Feb 2011 -
Sonatrach Delays Bidding Round As Investment Scrutiny Mounts
...shed back start-up for second phase partner BG, which should supply around 180-200mn cfd from late 2014 to early 2016, MEES understands. On 10 January, Sonatrach also announced a significant management reorganization. As well as creating four new directorates, including an ‘ethics’ directorate, th...
Volume: 54Issue: 08Published at Mon, 21 Feb 2011 -
Moody’s Downgrades Qatari LNG Company Ratings
...ffan 1 saw its instrument rating for the $800mn 8.294% amortizing senior secured bonds due 2014 downgraded to Aa3/stable from Aa2. Instrument rating for the $1.4bn 5.298% Series A senior secured amortizing bonds issued by Ras Laffan 2 and due 2020 was downgraded to Aa3/stable from Aa2. As for Ras La...
Volume: 54Issue: 08Published at Mon, 21 Feb 2011 -
DEWA Readying Launch Of IPP For 2Q11
...ich enables the IPP program to take place is being discussed in the Dubai court. The provision of a government guarantee is under consideration, MEES understands. Start-up is scheduled for 2014, which is tight but achievable, according to industry sources. This project will be gas-fired, but DEWA is...
Volume: 54Issue: 08Published at Mon, 21 Feb 2011 -
Shuweihat S3 Project Advances, Financial Close Set For 2Q11
...d commercial operation is scheduled for March 2014. All generated electricity will be purchased by ADWEA under the 25-year PPA. Of the $1.5bn project cost roughly $300mn will come from equity, 60% of which will be contributed by ADWEA, 20.4% by Sumitomo and 19.6% by KEPCO. The remaining $1.2bn wi...
Volume: 54Issue: 08Published at Mon, 21 Feb 2011 -
Shah Gas Project Expected To Commence Production In Mid-2014
...Middle East Economic Survey VOL. LIV No 8 21-Feb-2011 UAE Shah Gas Project Expected To Commence Production In Mid-2014 Production at the Shah Gas project being developed by Occidental Petroleum and the Abu Dhabi National Oil Company (ADNOC) is expected to begin by the middle of 2014...
Volume: 54Issue: 08Published at Mon, 21 Feb 2011 -
Azerbaijan To Sell Gas Directly To Greece
...nuary, Presidents Ilham Aliyev of Azerbaijan and Viktor Yanukovych of Ukraine signed an agreement for the supply of 2-7 bcm/y of Azeri gas in LNG form, starting in 2014, although Ukraine does not have an LNG terminal. On 1 February Vladislav Kaskiv, head of an intergovernmental committee, told Today Az...
Volume: 54Issue: 06Published at Mon, 07 Feb 2011 -
Iran’s Inflation Rate Rises To 10.8% In January
...e table below. CBI Debt Repayment Schedule Year Debt Repayment ($Bn) 1389 (2010-11) 9.513 1390 (2011-12) 3.749 1391 (2012-13) 1.884 1392 (2013-14) 1.502 1393 (2014-15) on...
Volume: 54Issue: 06Published at Mon, 07 Feb 2011 -
Wasit Gas Plant Contracts Awarded By Saudi Aramco
...en completed in 2014, the Wasit plant will process 2.5bn cfd of sour gas from the offshore Hasbah and Arabiyah non-associated gas fields. The contract packages awarded were as follows: A $1bn engineering, procurement and construction (EPC) contract for inlet and gas facilities to SK. The sc...
Volume: 54Issue: 06Published at Mon, 07 Feb 2011 -
Saudi Kayan Announces Agreement For N-Butanol Plant In Jubail
...ns/year of n-butanol, with start-up expected in the second half of 2014....
Volume: 54Issue: 06Published at Mon, 07 Feb 2011 -
Kuwait’s 2011-12 Draft Budget Projects Higher Revenue And Lower Deficit
...nsion scheme. The first payment was made in 2010-11 and the last is due in 2014-15. The draft budget needs parliamentary ratification. The 2010-11 budget projected total revenue at KD9,719mn ($34,794mn), total expenditure at KD16,310mn ($58,390mn) and a deficit of KD7,562mn ($27,072mn ‒ MEES, 27 Se...
Volume: 54Issue: 05Published at Mon, 31 Jan 2011 -
OPWP Prequalifies Companies For 2GW Sur IPP
...rst phase and 1.5gw in the second phase. Prequalified companies have until 7 March to submit final bids. The winning bidder is expected to complete the first phase by the summer of 2013. Full commissioning is expected ahead of the 2014 summer peak demand, the daily reported. OPWP issued its re...
Volume: 54Issue: 05Published at Mon, 31 Jan 2011 -
Israel’s Sheshinski Committee Recommendations
...vy imposed on revenues from the deposits will be reduced by 50%, ie multiplied by a factor of 0.5, until the end of production of the gas that is currently in the deposit. Deposits in which production will begin after the establishment of the Committee, but no later than 1 January 2014...
Volume: 54Issue: 05Published at Mon, 31 Jan 2011