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Nabucco Partners Turn To Kurdistan Region For Gas Supply; Baghdad Says No
...peline by 2014 ‒ a boost to the beleaguered Nabucco project that has been backed by the EU to obtain another source of much-needed gas. Pearl Petroleum is jointly owned by Sharjah-based partners Dana Gas and Crescent Petroleum. In April 2007 these signed long-term agreements with the KRG covering th...
Volume: 52Issue: 21Published at Mon, 25 May 2009 -
ADNOC Probes Options For Oil Concession Renewal
...tal (9.5% each); and Partex (2%). The concession expires in January 2014. ADMA for the offshore sector comprises: ADNOC (60%); BP (14.67%); Total (13.33%); and Japan Oil Development Company (Jodco – 12%). This concession ends in 2018. The presence and participation of the majors have provided te...
Volume: 52Issue: 18Published at Mon, 04 May 2009 -
Qatar Inaugurates First LNG ‘Mega-Train’ As Technical Issues Persist
...t now expected until summer. If this goes ahead, start-up is not expected much before 2014. QP is also taking another look at costs at ExxonMobil’s 1.5bn cfd Barzan gas development, which was to supply gas for domestic power generation and desalination plants. This has now been delayed by at le...
Volume: 52Issue: 15Published at Mon, 13 Apr 2009 -
Gulf Refinery Construction Costs Slide
...nuary) although given the big shift in the EPC market and possible changes in the project’s scope, it would be premature to pin down a figure, said Mr 'Ajmi. The CFP plans envisage commissioning in 2014, and will allow Kuwait to meet strict European sulfur standards for diesel and gasoline through to 20...
Volume: 52Issue: 13Published at Mon, 30 Mar 2009 -
Oman Sidesteps Gas Crunch As Liquids Output Rises
...cure until 2013. But economic slowdown and greater efficiency in gas usage, with savings estimated at 7-10%, has given the country some breathing space. “I would say that we have at least until 2014-15 before we have a problem,” says a ministry source. The expiry at the end of this year of BP’s co...
Volume: 52Issue: 13Published at Mon, 30 Mar 2009 -
Saudi Aramco Looks To Gulf Offshore For Gas Boost
...oved disappointing, and with associated gas output likely to be capped by OPEC production restraints for some time, the company has sought a remedy. Details on the projects are sketchy, but they are included in Saudi Aramco’s latest five-year plan to 2014 and will provide around 1.8bn cfd, MEES un...
Volume: 52Issue: 10Published at Mon, 09 Mar 2009 -
Sonatrach’s Refining Plans Show Signs Of Progress, Even As Timing Slips
...ded that he expected the EPC tender to be held in July or August of next year. Official reports published in July quoted the minister saying he expected the Tiaret refinery to be commissioned in 2014, representing a year’s slippage. One Step Forward, One Step Sideways There are signs of pr...
Volume: 51Issue: 47Published at Mon, 24 Nov 2008 -
Libya’s Oil Development Plans Gather Pace, IOCs Outline EOR Projects
...ha Sirte 350,000 600,000 2014 Verenex* Area 47 Ghadames n/a 50,000 2011 To...
Volume: 51Issue: 46Published at Mon, 17 Nov 2008 -
Greece Emerges As Major Gas Player With Participation In South Stream Pipeline
...e 10 bcm/y gas exports to Europe anticipated from Azerbaijan’s Shah Deniz field are not expected to reach the market until 2014 or later. At the same time StatoilHydro, which controls 25% of the Shah Deniz consortium, has announced that it will join EGL in the construction of the Trans-Adriatic Pi...
Volume: 51Issue: 33Published at Mon, 18 Aug 2008 -
Aramco, KPC Take $30Bn Downstream Investment Plunge
...vestment in new refineries down to 2014. Kuwait’s downstream arm KNPC on 11 May announced the award of construction contracts for al-Zour, which will become Kuwait’s fourth and the region’s largest refinery when completed in 2012-13. The contracts were awarded on a cost reimbursable basis, but KNPC ve...
Volume: 51Issue: 20Published at Mon, 19 May 2008 -
Algeria Pursues Gas Export Plans Ahead Of Production Hike
..., as part of its expansion and diversification strategy. As well as agreeing to supply 2bn cu ms/y to StatoilHydro for 15 years, Sonatrach has also booked 1bn cu ms/y of capacity at the terminal for itself, from 2009 to 2014. The company’s positions on the east side of the Atlantic centre on its pa...
Volume: 51Issue: 10Published at Mon, 10 Mar 2008 -
Yemen Accelerates Upstream Efforts As Oil Production Falls
...ock 51 and 275,000 b/d of water. Crude output is expected to fall to around 10,500 b/d by end-2008. “With the existing wells and the wells we are drilling in 2008, we have oil until 2014 at which date we will be producing around 3,500 b/d of oil,” Mr Lett said. The PSA on the Block expires in 20...
Volume: 51Issue: 08Published at Mon, 25 Feb 2008 -
Turkey Seeks To Attract Private Investors To Southeastern Anatolia
...be completed in 2014. A hydroelectric generation facility at the dam will have a 1,200mw capacity that will produce 3.8mn khw annually. The dam will create a lake that will hold 11bn cu ms of water. However, there is strong opposition from European NGOs that are pressing the EU to hold back fi...
Volume: 50Issue: 47Published at Mon, 19 Nov 2007 -
Rise In Nuclear Power Demand Behind Kazakhstan’s Plans To Become Global Uranium Supplier
...uranium ore by 2014, and the Japanese group will have access to 2,000 t/y. Toshiba, which entered the deal seeking a secure source of uranium ore for future nuclear power plants built by Westinghouse, will have the right to 600 t/y. In 2004, Kazatomprom signed a deal with South Korea to su...
Volume: 50Issue: 39Published at Mon, 24 Sep 2007 -
Iraq’s Power Master Plan Seeks To End Electricity Blackouts By 2011
...08-2015 (MW) 2008 2009 2010 2011 2012 2013 2014 2015 New Generation 1,028 2,260 4,530 4,255 670 1,130 1.200 900 Rehabilitation 35...
Volume: 50Issue: 37Published at Mon, 10 Sep 2007 -
Iran Petroleum Crisis Claims “Fundamentally Unsound”, Says Fesharaki
...that, absent some change in Iranian policy, this ratio will be 0.33-0.46, with exports declining to zero by 2014-15. Energy subsidies, hostility to foreign investment, and inefficiencies in its state-planned economy underlie Iran’s problem.” Mr Stern adds that the export decline rate estimate is...
Volume: 50Issue: 03Published at Mon, 15 Jan 2007 -
Fesharaki: High Prices Not Threatening Demand Growth In Industrialized Countries
...rticularly in the industrial world.” Dr Fesharaki argues that recent market behaviour suggests it is increasingly reasonable to assume that worldwide oil demand would plateau at about 100mn b/d with prices remaining robust: “At current prices we expect it would be 2014-15 before demand flattens out, an...
Volume: 49Issue: 24Published at Mon, 12 Jun 2006 -
Adco, ADMA-Opco Concessions To Be Renewed On Similar Terms
...aker than those in the existing contracts, although the timing of renewal discussions is not yet clear, MEES learns. The concession for Adco, in which Abu Dhabi National Oil Company (ADNOC) holds 60% alongside Shell, ExxonMobil, BP and Partex expires in 2014. ADMA-Opco’s concession, where ADNOC ho...
Volume: 49Issue: 23Published at Mon, 05 Jun 2006