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Pars LNG And China Sign 3Mn T/Y Preliminary LNG Supply Agreement
...rst deliveries in 2011 (MEES, 10 July). Iran’s efforts to secure combined upstream/LNG sales agreements with China and India have so far not succeeded because of LNG pricing differences (MEES, 4 December)....
Volume: 49Issue: 50Published at Mon, 11 Dec 2006 -
SABIC, ExxonMobil Chemical To Study Petrochemicals Expansion
...dustries Corporation (SABIC) and ExxonMobil Chemical on 5 November announced that they had started working on a feasibility study on a project that would expand their two joint petrochemical ventures at Yanbu΄ and Jubail. The project, with start-up in 2011, would target a domestic supply of carbon black an...
Volume: 49Issue: 46Published at Mon, 13 Nov 2006 -
Foster Wheeler Awarded FEED/PMS Contracts For Manifa Project
...0,000 End-2008 17 April Nuayyim 100,000 2008 25 April 2005 Khurais 1,200,000 2009 6 March Manifa 900,000 2011 6 No...
Volume: 49Issue: 45Published at Mon, 06 Nov 2006 -
Nama Selects Petronas As Partner For Private Jubail Export Refinery
...ovisionally scheduled for start-up in 2011 (MEES, 15 May). In August, Saudi Aramco announced initial contracts for a separate 400,000 b/d refinery in Jubail that it is developing in partnership with Total, while a similar plant is under development in partnership with ConocoPhillips in Yanbuʹ (MEES, 28 August)....
Volume: 49Issue: 37Published at Mon, 11 Sep 2006 -
ENPPI, Saudi Aramco Sign Contract On Safaniya Water Disposal Upgrade
...ntract to execute the Safaniyah Water Disposal System Upgrade Project. The project will expand the Safaniyah Arabian Heavy Crude and Utilities Plants to maintain the plant’s crude oil demand until 2011, said Saudi Aramco. It will add a low-pressure producing trap capable of the three-phase separation of oi...
Volume: 49Issue: 37Published at Mon, 11 Sep 2006 -
Saudi Aramco And Partners Sign Yanbu' And Jubail Export Refinery Contracts
...pointed Halliburton subsidiary KBR to carry out front-end engineering for the planned $6bn export refinery in Yanbu' (MEES, 29 May). The Yanbu' Export Refinery, scheduled for completion in 2011, will be designed to process 400,000 b/d of Arabian Heavy crude oil, producing motor fuels and other re...
Volume: 49Issue: 35Published at Mon, 28 Aug 2006 -
First Kazakh Crude Arrives At PetroChina’s Dushanzi Petrochemical Plant
...mn t/y (400,000 b/d) by 2011 and deliveries may eventually include crude oil from Russia. Plans call for the pipeline to be extended in Kazakhstan to the eastern shore of the Caspian Sea, making its entire length around 3,000km (MEES, 29 May) A crude oil refinery at the Dushazi complex, with a ca...
Volume: 49Issue: 32Published at Mon, 07 Aug 2006 -
6.4GW Of Hydropower Capacity To Be Added By Iran Over Next Five Years
...velopment program would raise Iran’s hydropower capacity from 4.783gw today to 11.169gw by the end of March 2011. Iran aims to raise its total power generating capacity from 40gw today to 55gw in 2010 (MEES, 27 February 2006)....
Volume: 49Issue: 31Published at Mon, 31 Jul 2006 -
Saudi Aramco And Refinery Project Partners Seek Financial Advisors
...gned a memorandum of understanding (MOU) to develop a refinery on 21 May and ConocoPhillips followed suit on 24 May (MEES, 29 May). The refineries will process Arabian Heavy crude to produce high-quality refined products and are targeted for start-up in 2011. Both MOUs envisage the joint venture pa...
Volume: 49Issue: 30Published at Mon, 24 Jul 2006 -
Pars LNG And PTT Sign LNG Supply MOU
...nsortium and Thai state form PTT signed a memorandum of understanding (MOU) on 1 July for the delivery of 3mn tons/year of Iranian LNG to Thailand beginning in 2011. The Pars LNG export scheme will comprise a twin-train 10mn t/y LNG plant supplied with gas from Phase 11 of Iran’s offshore South Pars fi...
Volume: 49Issue: 28Published at Mon, 10 Jul 2006 -
EU Studying Trans-Caspian Gas Pipeline Options
...ter this year. The project was inaugurated in July 2005 and has received financial backing from the European Investment Bank (MEES, 13 February, 11 July 2005). The pipeline is to be extended across northern Greece and the Adriatic to southern Italy for delivery of Shah Deniz gas by around 2011. Th...
Volume: 49Issue: 26Published at Mon, 26 Jun 2006 -
Bush Calls For Acceleration Of Shah Deniz Project
...will peak with production at around 9bcm/y. Stage 1 investment, including the SCP, will be around $4.2bn. Stage 2 is to come on-stream in 2011-12 with a capacity of 16bcm/y. The current plan calls for Stage 2 gas to be shipped across northern Greece to Italy (MEES, 5 June). Other recent de...
Volume: 49Issue: 24Published at Mon, 12 Jun 2006 -
Azerbaijan Ready To Supply Gas To Europe, Says Aliyev
...m/y. Stage 2 of the Shah Deniz project is set to be completed in 2011. With that, gas shipments from Azerbaijan are expected to extend to Italy via a pipeline across northern Greece and a subsea pipeline across the Adriatic Sea (MEES, 8 May, 13 February, 23 May 2005). Plans to develop Shah Deniz as...
Volume: 49Issue: 23Published at Mon, 05 Jun 2006 -
QP Launches $650Mn Eurobond
...osing on 26 May. The issue amount was $650mn with a maturity date of 30 May 2011. The coupon is 5.579% and the bond is priced at par, with a spread at 65bps over treasuries. The funds are to be used to refinance earlier, more expensive debt, and for general purposes. QP said earlier this year that it...
Volume: 49Issue: 22Published at Mon, 29 May 2006 -
Total, ConocoPhillips Sign Up For JV Export Refineries in Jubail And Yanbu'
...ocess Arabian Heavy crude and will produce high–quality refined products that meet current and future product specifications, Saudi Aramco said. The project is scheduled to start up in 2011. The MOU lays down the key parameters of the venture, the project configuration and a broad range of the major te...
Volume: 49Issue: 22Published at Mon, 29 May 2006 -
Paris Club Accepts Algeria’s Offer To Prepay $8Bn Debt
...rway, Spain, Sweden, Switzerland, the UK and the US. The debt owed to Paris Club creditors and eligible to the prepayment operations was, under the rescheduling agreements of 1994 and 1995, to be repaid between 30 November 2006 and 30 November 2011. Algeria’ offer reflects its strong financial re...
Volume: 49Issue: 20Published at Mon, 15 May 2006 -
S&P, Moody’s Assign Rating To Qatar Petroleum’s Eurobond
...Middle East Economic Survey VOL. XLIX No 20 15-May-2006 QATAR S&P, Moody’s Assign Rating To Qatar Petroleum’s Eurobond Standard & Poor’s (S&P) and Moody’s have assigned ratings for Qatar Petroleum’s (QP) eurobond issue, maturing in May 2011, which was in the process of being ma...
Volume: 49Issue: 20Published at Mon, 15 May 2006 -
Nama Plans $6Bn Jubail Private Export Refinery Venture
...ivate sector crude oil export refinery at Jubail with capacity of 400,000 b/d, at an estimated cost of $6bn. The facility would also produce petrochemicals. A Nama statement said the company was evaluating several potential joint venture partners. Start-up is projected for 2011. Earlier this year Na...
Volume: 49Issue: 20Published at Mon, 15 May 2006 -
Technical Bids For New 300,000 B/D Tiaret Refinery Due
...heduled to be awarded by end-July, with work beginning in 2007 and finishing in 2011. The refinery will process Saharan Blend crude and is part of Algeria’s plan to eventually double output from its current 450,000 b/d capacity. The products are to be marketed mainly in the Atlantic Basin, with some us...
Volume: 49Issue: 15Published at Mon, 10 Apr 2006 -
Turkmenistan And China Sign Gas Supply/Pipeline Agreement
...ase 2 (2006-10) covers the development of offshore fields ($12.8bn investment); Phase 3 (2011-15) will focus on control of oil and gas production ($16.8bn). Kazakhstan has identified up to 29 offshore prospects in its section of the Caspian. The European Commission has recommended th...
Volume: 49Issue: 15Published at Mon, 10 Apr 2006