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1Q 08 Decision On Oman’s Proposed Al-Duqm Refinery/Petrochem Project
...ld by OOC, 17% by Shell, 15% by Liwa Energy, 2% by Total, and 1% by Partex. The venture’s aim is to develop some 1bn barrels of Mukhaizna crude oil and achieve production of 150,000 b/d by 2011. The project is said to be progressing according to schedule, and, despite rising cost, is within 5% of bu...
Volume: 50Issue: 51Published at Mon, 17 Dec 2007 -
Kuwait Oil Sector Leadership Changes Aimed At Achieving Greater Upstream Efficiency
...oduction target of 50,000 b/d by 2011, 250,000 b/d by 2015 and 700,000-900,000 b/d by 2020. Discussions on the details of the project are continuing, with the hope that a final agreement can be reached by July 2008, KOC’s director of northern oilfield operations Khalid al-Sumaiti told a conference in th...
Volume: 50Issue: 44Published at Mon, 29 Oct 2007 -
Egypt Refinery At The Center Of Citadel Capital’s Energy Expansion
...d the two recently financed petrochemical ventures (MEES, 24 September). Held by Citadel, its co-investors and government-owned oil producer, the Egyptian General Petroleum Corporation (EGPC) through newly created Egyptian Refining Company (ERC), the refinery will start up in 2011 producing 2....
Volume: 50Issue: 44Published at Mon, 29 Oct 2007 -
Rising EPC Costs Heighten Gas Supply Concerns
...cause of the contracting situation,” the chairman of Qatargas Faisal al-Suwaidi told MEES on the sidelines of the Paris conference. “We’re studying the reserves. But the result of that will not come before 2010 or 2011. What I mean by thinking twice relates to the high prices in the contractors ma...
Volume: 50Issue: 43Published at Mon, 22 Oct 2007 -
North Africa Targets 1.3Mn B/D New Refining Capacity By 2012 Despite Cost Threats
...mpletion in 2011. Separately, a $1.5bn contract for the construction of a fluid catalytic cracking unit (FCC) and 100,000 b/d fuel oil processor at 'Ain al-Sukhna in the Gulf of Suez is due to be awarded next month. Libyan Refinery Plans Languish Two decades of economic sanctions took their toll on...
Volume: 50Issue: 40Published at Mon, 01 Oct 2007 -
Egypt To Raise Crude/Condensate Output 100,000 B/D By Mid-2008
...oject in the governorate of Kafr al-Shaikh with an investment of around $10.5bn. The complex would be located at Matobas and would use 300,000 b/d of crude oil to be imported. Minister of Petroleum Sameh Fahmy said in 2006 that the Kafr al-Shaikh project was planned for completion in 2011. Under th...
Volume: 50Issue: 38Published at Mon, 17 Sep 2007 -
Iraq’s Power Master Plan Seeks To End Electricity Blackouts By 2011
...Middle East Economic Survey VOL. L No 36 10-September-2007 Iraq’s Power Master Plan Seeks To End Electricity Blackouts By 2011 Iraq’s master plan for the electricity sector aims to end load-shedding by 2011 while at the same time increasing per capita electrical consumption fr...
Volume: 50Issue: 37Published at Mon, 10 Sep 2007 -
Spain Relents On Medgaz But Algeria Seeks Mediation On Gassi Touil
...o-year freeze on the construction of the Arzew plant, instead transporting the gas by pipeline between 2009 and 2011. Cinco Dias says Sonatrach asked the Paris Chamber of Arbitration in July to mediate in the dispute, hoping that it will find a solution acceptable to the various parties wi...
Volume: 50Issue: 33Published at Mon, 13 Aug 2007 -
Egypt’s Ambitious Budget Targets Camouflage Political Worries
...at the budget for fiscal 2007-08, which coincides with the beginning of the sixth five-year development plan (2007-08 to 2011-12), will focus on human development and putting a limit on poverty; unemployment; dealing with the disparity of income; achieving higher economic growth and a fairer di...
Volume: 50Issue: 31Published at Mon, 30 Jul 2007 -
Gulf Power Part 2: Financing Competition Still Fierce As Global Credit Jitters Grow
...id that additional capacity will be needed from 2011. New capacity is being added via Taweelah A10 and the 'Umm al-Nar extension, which will come on-stream in 2009, and Fujairah-2, which will start up in 2010. After that an eighth IWPP, Shuweihat S2, will be developed, with the capacity to pr...
Volume: 50Issue: 31Published at Mon, 30 Jul 2007 -
Algeria Scales Back Oil Output Targets Amid Renewed Gas Emphasis
...due for completion in September 2011, around two years later than originally planned. Escalating costs had prevented progress on the Skikda project, with negotiations for the final EPC contract being drawn out over more than two years. As further evidence of the importance Algeria attaches to...
Volume: 50Issue: 29Published at Mon, 16 Jul 2007 -
Libya’s Limited Infrastructure Hampers Gas Expansion Plans
...10 bcm/y, is due to be expanded to 11bcm by 2011 at a cost of €84mn. It appears that there is no shortage of Libyan gas to fill the country’s only gas export pipeline, and certainly no shortage of buying interest in Italy, where Eni has brought forward plans to increase pipeline supplies of na...
Volume: 50Issue: 28Published at Mon, 09 Jul 2007 -
BG Focused On Selling Gaza Gas To Israel After Cabinet Approval
...art-up is now envisaged in 2011. The project is expected to generate around $1bn in much needed revenue for the Palestinian Authority. The expected overall costs of implementing the project are still put at around $750mn, a figure that BG came up with more than a year ago. But competition from th...
Volume: 50Issue: 24Published at Mon, 11 Jun 2007 -
Algeria Aims To Hike LNG Exports To US Despite Project Delays
...vel by 2010 (MEES, 7 November 2005). With both LNG projects originally scheduled for completion in 2009, but now not expected to be complete until 2011 at the earliest, these latest export targets appear unlikely to be met unless LNG commitments to other buyers are displaced in favor of the US ma...
Volume: 50Issue: 22Published at Mon, 28 May 2007 -
OMV’s Iran LNG Deal Sees Supply Diversification Supersede Nuclear Diplomacy
...rminal in Croatia, in which it is a shareholder. According to OMV’s current plans, the Croatian terminal should become operational in 2011-12 and Iran, with its substantial gas reserves, could be a source of supply. The Iran agreement comes just months after OMV-led Austrian joint venture EconGas si...
Volume: 50Issue: 18Published at Mon, 30 Apr 2007 -
Demand Growth Has Changed Radically, Says Fesharaki
...avy: Limited scope. Maximum annual contribution of, say, 150,000-200,000 b/d. Nothing is better than market transparency and efficiency (futures market, eg DME, cafe standards, etc). Refining Surplus But Less Crude There is a potential refining surplus looming by 2011-13. The surplus will be cr...
Volume: 50Issue: 18Published at Mon, 30 Apr 2007 -
Iranian LNG Project Schedules Expected To Slip Further
...derstands that the first possible start-up date for Persian LNG might have slipped by a year. The Total-led Pars LNG project was until recently scheduled to start up in 2011, while Shell had expected Persian LNG exports would begin in 2011-12. Although Iran has repeatedly announced of late that Total an...
Volume: 50Issue: 16Published at Mon, 16 Apr 2007 -
PDO To Reverse Oil Output Declines By 2008 Amid Mounting Recovery Challenges
...ood programs at several fields including Marmul. “The next few years will be challenging years for PDO but we have plenty of projects in the pipeline that have been approved and financed by our shareholders and things are looking up. Post 2011, you are really going to see the effect of the EOR pr...
Volume: 50Issue: 07Published at Mon, 12 Feb 2007 -
Multiple Iranian LNG Projects A Result Of Politics, Not Practicality
...ch for 3mn tons/year of LNG, with deliveries scheduled to begin in 2011. However, MEES understands that outside POGC, the Pars LNG project is not thought likely to reach the FID stage at any point soon, even though this project is seen as being ahead of the field in terms of technical de...
Volume: 50Issue: 07Published at Mon, 12 Feb 2007 -
Iran Petroleum Crisis Claims “Fundamentally Unsound”, Says Fesharaki
...port decline rate as the sum of its rates of reservoir depletion and domestic demand growth, and calculates this as 10-12%. He observes: “Even if a relatively optimistic schedule of future capacity addition is met, the ratio of 2011 to 2006 exports will be only 0.40-0.52. A more probable scenario is...
Volume: 50Issue: 03Published at Mon, 15 Jan 2007