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Socar Turkey Buys Additional 10% In Petkim
...d petrochemical plant in Izmir Aliaga on the country’s west coast. The facility is expected to use Azeri crude supplied through the Ceyhan terminal and come into operation in 2014. It will be located next to Petkim’s existing petrochemical facility and supply feedstock to Petkim and refined oil pr...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Dubai Power Plans In Flux, Abu Dhabi Approves Another IWPP
...ter and Electricity Company’s (ADWEC’s) most recent forecasts published in March this year put Abu Dhabi’s peak demand at 10.084gw this year, versus 9.749gw last year. This is expected to climb to 12.265gw in 2013, 12.803gw in 2014, and 13.66gw by 2015. ADNOC accounted for just 6% of ADWEC’s 2011 el...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Abu Dhabi Launches Bab Sour Gas Project
...the summer of 2014 while it develops its gas fields, including Shah, which will ramp up to 500mn cfd of sales gas by the end of 2015. Shah and Bab were originally planned to start up in 2012....
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Yemen’s 2012 Budget Raises Social Spending To Offset 2011’s Economic Decline
...13 and 5.5% in 2014. Inflation is set to fall from the high of 20% in 2011 to 5% or lower in 2012. Total domestic and foreign debt is expected to remain at around 45% of GDP in 2012. As a result of the inflow of foreign loans, aid and remittances for Yemenis abroad, the deficit on the balance of pa...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Lebanon To Import 2.5Mn T/Y Of LNG, Convert Transport To CNG
...compressed natural gas (CNG) once the infrastructure is operating. In 2010 the government completed a study to build a 173km gas pipeline to connect the country’s power stations to the proposed LNG import terminal. Parliamentary and presidential elections in 2013 and 2014 will probably hold the pr...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Energy Equities: Petchems Help Saudi Market Post Multi-Year High
...e plant, which is expected to produce 1.1mn t/y of urea and start up in the third quarter of 2014. Saudi Petrochemical/Refining Trading And Financial Data Company Share Price – 2 May Share Price Start of...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
MOL To Sell Nabucco Shares, BEH Uncertain Over Project’s Future
...lgaria (ITB) redundant. Regarding Nabucco, Bulgaria’s Minister of Energy Delyan Dobrev told BNR radio on 28 April that the signing of a memorandum of understanding (MOU) with Azerbaijan increased Bulgaria’s chances of receiving gas by 2014, noting that Bulgaria succeeded in “committing them [Az...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
TPAO Begins Drilling Well In Northern Cyprus
...th the assistance of the under-secretariat. Mr Yildiz said the ship will be equipped with the latest technology and will be used for 2D and 3D seismic exploration. It is scheduled to be delivered to the MTA in 2014. Turkey has only one seismic research vessel, the ageing Piri Reis, which was sent in...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
TransGlobe Looks To Egyptian Future With Western Desert Expansion
...anted July 2011, first oil expected mid-2012 (c.1,000 b/d). Exploration permit for remainder of block expires June 2014. South Alamein** W Desert 100% (op) 0 0 **0-...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
IOEC Expanding Forouzan As Iran Focuses On Shared Fields Development
...ran onshore field, which extends into Iraq. NIOC estimates that Yaran has 1.1bn barrels of oil in place and could produce 20,000-25,000 b/d over a 24-year period. A first phase of development to give production capacity of 12,000 b/d by the end of March 2014 is expected to cost $600-700mn. Pe...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Pedec Awards Tadbir Energy Contract For Phase 2 Of Mansouri Development
...pected to begin in 2014. Phase 1 capacity is 100,000 b/d and production began in 2007. ...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Kuwait, Oman And Qatar Push Refinery And Condensate Splitter Projects
...sref) 400,000 End 2014 UAE Ruwais 400,000 2013 10bn New refinery at sa...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
TransGlobe Targets Egyptian Growth Despite Delayed Payments
...ly 2011, first oil expected mid-2012 (800-1,200 b/d). Exploration permit expires June 2014. **South Alamein W Desert 50% (op)**, El Paso 50% 0 0 0** 20...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
Turkey And India Eyeing Qatari LNG
...r year to India in 2004, and a further 3.7 bcm/y beginning in January 2010. India is also set to purchase around 2 bcm/y of LNG from the $36.8bn Australian Gorgon project, beginning in 2014. Turkey And India LNG Imports In 2010 Turkey In...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
Abu Dhabi Burns More Crude And Gasoil To Meet Power Challenge
...ES at the Sour Oil and Gas Advanced Technology conference on 25-29 March. It will ramp up in 2015 to 500mn cfd of sales gas instead of the targeted 2014. Some estimates have shown Bab and offshore Hail each potentially providing 400-600mn cfd of sales gas, but Habshan 5 is not designed to handle the am...
Volume: 55Issue: 17Published at Mon, 23 Apr 2012 -
Oman Relies On PDO And BP To Meet Gas Challenge
...shore tight gas field, which it took over from BG in 2010. OOC will also take over Ras al-Khaimah Petroleum’s West Bukha offshore field in the Strait of Hormuz, bringing 45mn cfd of gas onshore to Oman instead of the UAE – its current destination – when its gas processing plant starts producing by 2014 (ME...
Volume: 55Issue: 16Published at Mon, 16 Apr 2012 -
Iran And Oman Developing Hormuz Gas Projects
...l Company’s (OOC’s) upstream subsidiary Oman Oil Company Exploration and Production (OOCEP) is building a 120mw power plant on the Musandam peninsula, which juts into the Strait of Hormuz. The plant – scheduled to be operational in 2014 – will use feedstock from the field, which currently goes to Ra...
Volume: 55Issue: 15Published at Mon, 09 Apr 2012 -
Dow Seeks Local Partner For New Coatings Plant
...nstructed in Jubail Industrial City, to be operational in 2014. It will be located next to the $20bn Sadara 3mn tons/year integrated petrochemical project which is being implemented by Dow and Saudi Aramco (MEES, 2 April). The spokesperson said that at this stage it is too early to say conclusively whether an...
Volume: 55Issue: 15Published at Mon, 09 Apr 2012 -
IOCs Offer Abu Dhabi CO2 Technology To Secure Oil Fields
...xonMobil (9.5% each) and Portugal’s Partex (2%) – expires in January 2014, and its international oil company (IOC) shareholders are nervous that its fields might be awarded to newcomers. In January, at Masdar’s World Future Energy Summit, ADNOC’s chief 'Abd Allah Nasir al-Suwaidi made a statement that was wi...
Volume: 55Issue: 14Published at Mon, 02 Apr 2012 -
Permit Approvals Set To Boost Apache’s Egyptian Production
...important component of its future Egyptian operations. Meanwhile, a compression project due onstream in 2014 will help prolong plateau wet gas production – and provide an initial 12,000 boe/d boost – at the Qasr field on the Faghur basin’s Khalda concession. ...
Volume: 55Issue: 14Published at Mon, 02 Apr 2012