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Kuwait Looking To Start-Up Of Vietnam Refinery In 2014
...Middle East Economic Survey VOL. LIII No 40 4-Oct-2010 KUWAIT Kuwait Looking To Start-Up Of Vietnam Refinery In 2014 Kuwait intends to keep hold of its 35.1% stake in the $6bn Nghi So...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
MENA Region Could Become World’s Petrochemical Hub, Says Al Masah Capital
...ng term demand outlook for petrochemicals is very positive, supported by rising consumption rates in emerging economies of Asia, primarily China and India, maintains the report. The region’s share of global ethylene capacity is set to reach 23.4%, equivalent to 174.8mn tons/year, by 2014, up fr...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
APICORP Prepares To Launch First Ever Bond
...e end of 2009. This is already stronger than most A-rated commercial banks, and is expected to rise to around 30% by 2014. APICORP’s extremely low leverage ratio of 3.1% and non-performing loan (NPL) ratio of 0.7 % further contribute to its stability in the currently difficult global financial en...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
Saudi Power And Water Expansion Program Gathers Pace
...mber of important electricity projects are expected to enter service this year, including an independent power plant (IPP) program that will see approximately SR21bn ($5.6bn) invested in three new power plants – at Rabigh, Riyadh and Qurayah – between April 2012 and April 2014, adding 5.2gw in new ca...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
EU Facilitates Azeri-Turkmen Talks On Kyapaz/Serdar To Boost Nabucco
...mpressed natural gas (CNG) project, which could bring to Baku up to 4-5 bcm/year of gas by 2014-15, would have to be politically acceptable to Moscow before its implementation is seriously considered by Turkmen authorities. It is thought that the cost of shipping CNG between Azerbaijan and Turkmenistan co...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010 -
Ukraine Says LNG Project With Kazakhstan Postponed, Outlines Gas Production Plan
...fore 2014-15. On 15 June Ukraine’s Minister of Energy and Fuel Yuriy Boyko told News Azerbaijan that Kiev “is counting on 5 bcm/year of gas in the first stage and another 5 bcm/y in the second, for a total of 10 bcm/y of gas.” He added that building its own LNG facility near Odessa would cost Ukraine $1b...
Volume: 53Issue: 38Published at Mon, 20 Sep 2010 -
KNPC Awards Acid Gas Removal Plant Contract To Tecnimont
...nstruction of an acid gas removal plant to Italy’s Tecnimont on 6 September. The project will be executed on a lump sum turnkey basis for $406mn, KUNA reported. Completion is expected by 2014. The contract foresees the provision of engineering, procurement, construction and commissioning (EPCC) services for ne...
Volume: 53Issue: 37Published at Mon, 13 Sep 2010 -
CPC Considering Borrowing $1Bn For Pipeline Expansion
...pacity from 28mn tons/year to 67mn t/y by 2014. Mr Tarakanov said in July that pipeline throughput is currently 34mn t/y, aided by the utilization of drag reducing agents. Phase 1 of the expansion, which would be completed in 2012, would raise throughput capacity to 35mn t/y....
Volume: 53Issue: 35Published at Mon, 30 Aug 2010 -
Cyprus Expects LNG Delivery Negotiations To Conclude In Six Months
...ppliers of LNG to be concluded within six months, Costas Ioannou, Executive Chairman of the Public Natural Gas Company (DEPA), told the Cyprus Mail on 24 August. Last November Nicosia invited bids on a 20-year contract for delivery of 1 bcm/year of LNG beginning 2014. The government plans to build a €80...
Volume: 53Issue: 35Published at Mon, 30 Aug 2010 -
EIB Lends Egypt $300Mn For North Giza Power Plant
...lp fund the development of a major new power station on the outskirts of Cairo. State news agency MENA said that the North Giza Power Plant would cost E£120bn ($21bn) and would start operations in 2014. The 1.5gw combined cycle gas turbine (CCGT) plant will use natural gas as a main fuel and light di...
Volume: 53Issue: 35Published at Mon, 30 Aug 2010 -
SEC Approves $3.92Bn In New Power Projects
...wer plants – at Rabigh, Riyadh and Qurrayah – between April 2012 and April 2014, adding 5.2gw in new capacity....
Volume: 53Issue: 35Published at Mon, 30 Aug 2010 -
TAQA Boosts Dutch Gas Storage Stake
...mid-2010 for commercial operation start-up in 2014. However, some local governments are opposing the scheme as they fear seismic disturbance. For TAQA, it represents diversification away from Abu Dhabi and power generation, on which the firm was originally based. It also means a cautious ex...
Volume: 53Issue: 35Published at Mon, 30 Aug 2010 -
KMG Announces Delay Of Kashagan Phase 2 To 2018-19
...2015-16. Mr Kabyldin did confirm that commercial production from Kashagan Phase 1 would start by late 2012 at an initial rate of 14mn tons/year (280,000 b/d). Output is expected to nearly double by 2014-15 to 23mn t/y (460,000 b/d). However, this is thought insufficient to justify construction of th...
Volume: 53Issue: 34Published at Mon, 23 Aug 2010 -
BP And Socar Sign MOU Covering Shafag Asiman Offshore Structure
...oduction. The second development phase will produce an additional 16 bcm/year once it comes on stream, sometime between 2014 and 2016. Turkey will take 6 bcm/y of the new production, leaving 10 bcm/y available to other customers. A spokeswoman said on 4 August there are three pipeline projects planned by...
Volume: 53Issue: 33Published at Mon, 16 Aug 2010 -
Saudi Arabia Approves $385Bn Development Plan
...hieved a GDP growth of 5.2% in 2009 (at constant 1999 prices), per capita income is expected to rise from SR46,200 ($12,320) in 2009 to SR53,200 ($14,187) in 2014. Over the plan period, private sector GDP is projected annually to grow at the rate of 6.6% and the non-oil sector by 6.3%. Total investment wi...
Volume: 53Issue: 33Published at Mon, 16 Aug 2010 -
Dragon Oil Output Averages 46,420 B/D In 1H 2010
...10, the CPC transported 20.105mn tons of Kazakh and Russian crude, compared with 20.122mn tons for the same period last year. During 2009, the CPC shipped a total of 34.574mn tons, compared to 31.47mn tons in 2008. The capacity of the pipeline is to be expanded to 67mn tons (1.34mn b/d) by 2014, wi...
Volume: 53Issue: 32Published at Mon, 09 Aug 2010 -
ERC Signs $2.6Bn Financing Agreement For Musturud Refinery
...n t/y of diesel. Products will supply the domestic market, especially Cairo, where the project will be located. The engineering procurement and construction (EPC) contractors are Japan’s Mitsui and Korea’s GS Engineering. Completion is planned for 2014....
Volume: 53Issue: 32Published at Mon, 09 Aug 2010 -
Morocco Invites Pre-Qualification Bids For Phase 1 Of Solar Project
...for the design, financing, construction, operation and management of one or more thermo-solar units at Ouarzazate with capacities of at least 125mw, to begin operations in 2014. The complex will be located on a 33 sq km site in central Morocco, 4km from the Mansour Eddabi dam. Total desired ca...
Volume: 53Issue: 32Published at Mon, 09 Aug 2010 -
KMG And Shell To Lead Kashagan Phase 2 Development
...nounced on 28 July that the tenders for the doubling of its throughput capacity to 2.7mn b/d will be completed before the end of the year. Some 1.05mn b/d of the additional capacity will be dedicated to the export of Kazakh oil. The expansion is expected to cost $4.5bn and to be completed by late 2014...
Volume: 53Issue: 31Published at Mon, 02 Aug 2010 -
Shuweihat S3 Power Plant Attracts Bids From Five Consortia
...e third plant at the Shuweihat location on the coast of al-Gharbia, west of Ruwais, is scheduled to provide early power in summer 2013 and be fully operational before the 2014 summer peak loading period. ADWEA plans to announce the winning bid consortium, which will be a 40% joint venture partner, by...
Volume: 53Issue: 31Published at Mon, 02 Aug 2010