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Nexen Announces First Oil From Yemen Block 51
...ggest-producing field in Yemen. Production is averaging around 230,000 b/d, with Nexen’s share, 119,000 b/d. The PSA covering Masila runs to 2011, with a five-year negotiable extension....
Volume: 47Issue: 49Published at Mon, 06 Dec 2004 -
Gulf Set To Be World’s Leading Petrochemical Producer/Exporter In 2005, Says Tuwaijri
...4mn t/y, due on-stream by 2009 and 2011. In the UAE, Borealis and ADNOC are planning a 1.2mn t/y cracker to come on-stream in 2009 (MEES, 22/29 December 2003). In Oman, Dow and the Omani government have announced plans to build and operate a world-scale pe...
Volume: 47Issue: 48Published at Mon, 29 Nov 2004 -
NYMEX Opens Brent Trading Floor In Dublin As IPE Restricts Open Outcry Session
...ace until the end of the year. The IPE also made it clear it had no plans to abandon open outcry. “The IPE is interested in developing both open outcry and electronic markets and in this connection has recently taken steps to secure the lease on its premises for open outcry until 2011,” said Mr Reid....
Volume: 47Issue: 45Published at Mon, 08 Nov 2004 -
UN Security Council Threatens Oil Sanctions On Sudan
...1 2010 167 38 238 444 2011 168 38 234 439 2012 163 37 222 422 2013 15...
Volume: 47Issue: 39Published at Mon, 27 Sep 2004 -
RasGas II Signs HOA For US LNG Supply Deal
...agreement (HOA) was signed for the supply of 15.6mn t/y of LNG to the US, with deliveries set to start by 2010 (MEES, 27 October 2003). The project envisages the construction of two LNG trains with 7.5mn t/y capacity each, with commissioning set for 2010 and 2011. Both Qatargas III and RasGas II...
Volume: 47Issue: 31Published at Mon, 02 Aug 2004 -
Qatar’s GTL Production Could Top 800,000 B/D In Coming Decade
...,000 2005 100,000 Pearl (Shell) FEED Begun/DPSA Signed 70,000 2009 140,000 ExxonMobil Heads Of Agreement 154,000 2011 15...
Volume: 47Issue: 29Published at Mon, 19 Jul 2004 -
Qatar’s LNG Exports Could Total 68Mn T/Y In 2012, With US And UK Major New Markets
...2010 (MEES, 27 October 2003). The project envisages the construction of two LNG trains with 7.5mn t/y capacity each, with commissioning set for 2010 and 2011. Qatar’s Contracted LNG Exports (Mn T/Y) De...
Volume: 47Issue: 28Published at Mon, 12 Jul 2004 -
Qatar And Iran Outline GTL Plans At London Conference
...milar plant due into operation in 2011 (MEES, 27 October 2003). QP and Sasol-Chevron are negotiating to develop a second project labeled ORYX 2, with similar design and capacity to the project under construction, and which may be completed before the Shell plant begins production. Additionally, Mr Em...
Volume: 47Issue: 21Published at Mon, 24 May 2004 -
Turkey Agrees To Reform Energy Market Under World Bank Program
...and tenders for the privatization of the grids will be opened by 31 March 2005, with awards being made by end-2006. In July 2006, the privatization of power plants will begin and the process is to be complete by 2011. The ERL was extended in order to assist Turkey with social security, te...
Volume: 47Issue: 12Published at Mon, 22 Mar 2004 -
CNPC And Nelson Resources Plan $82Mn Investment In Kazakhstan’s North Buzachi In 2004
...ar. The project is a 50-50 joint venture between CNPC and Nelson, which finished its $90mn purchase of half the concession from CNPC last month (MEES, 23 February). The CNPC director said a jointly approved development plan called for output to reach 40,000 b/d by 2011 and that the total amount of in...
Volume: 47Issue: 11Published at Mon, 15 Mar 2004 -
Deutsche Bank Forecasts IRR Of 14.8% For Kashagan Partners
...leable holding, as BG chose to do earlier this year.” But, it adds, “at the point the Kashagan development becomes cashflow positive, which based on our estimates is 2011, the NPV of the project will be worth an estimated $8.6bn to each core partner.” The report goes on to say that based on book re...
Volume: 46Issue: 43Published at Mon, 27 Oct 2003 -
EC-Gazprom Settlement Over Destination Clauses Likely To Pressure Sonatrach
...d is used to transport all Russian gas destined for the Italian market. The expansion has to be completed between 2008 and 2011 depending on certain Italian market developments. Eni finally offered to promote an improved third party access regime (TPA regime) facilitating the use of the TAG as a tr...
Volume: 46Issue: 42Published at Mon, 20 Oct 2003 -
LNG Supplies Lined Up By South Korea And Taiwan
...supply from the proposed Northern LNG Terminal from 2011, with a potential penalty if the terminal was not completed on time. During 2008-11, CPC would be free to provide the gas from other sources, and the understanding was that early gas would come from Yung'an....
Volume: 46Issue: 33Published at Mon, 18 Aug 2003 -
Iran’s Power Generation Capacity Exceeds 30GW
...% over the year, he said, and hydropower projects currently under construction were expected to take hydro capacity to 4.466gw by the end of March 2004. By the end of 2011, after the completion of the government’s fourth economic plan, he said that hydropower capacity was intended to reach 10gw....
Volume: 46Issue: 20Published at Mon, 19 May 2003 -
Kazak Government Approves Caspian Development Plan
...velopment will be drawn up; 2006-2010, which calls for the accelerated development of the offshore fields; and 2011-2015, when production would be stabilized. The first stage of the program calls for extensive geological research to be carried out and for oil blocks to be identified and grouped together in...
Volume: 46Issue: 16Published at Mon, 21 Apr 2003 -
Goldman Sachs Identify Major GTL Risks
...09E 2010E 2011E 2012E 2013E WTI 18.00 18.00 18.00 18.00 18.00 18.00 18.00 18.00 Margin 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 Di...
Volume: 45Issue: 30Published at Mon, 29 Jul 2002 -
Iranian Petrochemical Sector Weighs Effects Of Capacity Expansion
...pacity would be required by 2011. Currently, there is a total of 8mn t/y of polypropylene capacity scheduled to come on stream by 2006. The polyethylene and polypropylene projects under construction are mainly in the Middle East, and according to Mr Borruso much of the exports from the region will be ab...
Volume: 45Issue: 21Published at Mon, 27 May 2002 -
Russia Raising Gas Exports To Europe And May Target Asia, Say IEA
...06-2010 2011-2015 2016-2020 Total Production 1.0 12-13 17 19 23-24 71-73 Transportation 2.2 18 17-18 20-21 22-23 76-80 Storage 0.4 3-...
Volume: 45Issue: 14Published at Mon, 08 Apr 2002 -
BP And Partners To Invest $8Bn Plus In AIOC And Shah Deniz Projects
...d that this figure will rise to $5bn/year by 2011. He said that by 2007 the two projects would be producing 50mn tons/year of oil equivalent. Figures released earlier by BP forecast production from the ACG oilfields reaching 1mn b/d – the volume required to make the BTC pipeline viable – by the end of...
Volume: 44Issue: 20Published at Mon, 14 May 2001 -
Saudi Gas Initiative: Core Projects And Power Expansion Plans
...06-2010 2011-2015 2016-2023 TOTAL 380 3,367 4,200 770 1,120 702 10,159 40...
Volume: 43Issue: 31Published at Mon, 31 Jul 2000