- Sort by:
- Score
- Published ▼
-
Bulgaria In Negotiations To Buy Egyptian Gas From 2011
...Middle East Economic Survey VOL. LI No 51-52 22/29-Dec-2008 EGYPT Bulgaria In Negotiations To Buy Egyptian Gas From 2011 Bulgaria’s Minister of Economy and Energy Petar Dimitrov was quoted by local media on 4 December as saying that Bulgaria was negotiating the supply of up to...
Volume: 51Issue: 51Published at Mon, 22 Dec 2008 -
IEA Medium-Term Outlook Trimmed To Reflect Economic Slowdown
...els and other products will rise, but the former will post a faster pace of growth (+3.1% per year) than the latter (+2.8% per year).” IEA World Oil Supply And Demand Outlook 2008-13 (Mn B/D) 2008 2009 2010 2011 2012 20...
Volume: 51Issue: 50Published at Mon, 15 Dec 2008 -
Putin Increases Pressure On Ukraine To Repay Gas Debt
...liveries if the debt dispute is not settled before the end of December. According to the October agreement, Russia would charge Ukraine less than the European-level gas price until 1 January 2011, with the two parties agreeing on a steady price for a two-year transition period in 2009-10. Ukraine says th...
Volume: 51Issue: 50Published at Mon, 15 Dec 2008 -
Twenty-One Companies Pre-Qualified For Area 47, As Verenex Mulls Its Options
...early November, $800-850mn would need to be spent on bringing the oil and gas discoveries at the ‘A’ field on-stream by 2011, at initial rates of 50,000 b/d and 50mn cfd respectively. Verenex and Medco would shoulder 25% of the costs each, with NOC funding the rest. Under the EPSA-4 contract, Ve...
Volume: 51Issue: 50Published at Mon, 15 Dec 2008 -
Iran’s Refining Expansion On Track To Meet Gasoline Deficit, Says FACTS
...adan. These three projects alone will produce enough gasoline to eliminate all imports in the short term. The Abadan upgrade will be completed in 2010, Arak in 2011-12 and Isfahan in 2012-13.” There will be crude distillation unit expansions at the Lavan, Arak, Tabriz and Isfahan refineries, which wi...
Volume: 51Issue: 49Published at Mon, 08 Dec 2008 -
UAE Liquidity Squeeze Raises Growth Prospect Questions, Says S&P
...2011 at almost $40bn (MEES, 1 December). The average refinancing requirement during this period represents a substantial 8% of the UAE’s GDP. This is equivalent to 10% of total bank loans, on average. While this is a significant magnitude, S&P believes refinancing risks will remain manageable de...
Volume: 51Issue: 49Published at Mon, 08 Dec 2008 -
Yemen Considering Ways To Boost Exploration And Offset Declining Oil Production From Mature Fields
...udying the possibility of a pilot project using Enhanced Oil Recovery (EOR) technology next year. However, Nexen’s PSA expires in 2011 and, although the company is interested in extending the agreement, the government has not indicated yet whether it is ready to do so. Hence the likelihood of the de...
Volume: 51Issue: 48Published at Mon, 01 Dec 2008 -
Verenex Says Corporate Sale Of Libyan Assets Is ‘One Strategic Option’
...w weeks after the company submitted a final appraisal report to NOC for the first phase of the development of those discoveries (MEES, 17 November). The development plan envisages oil production of around 50,000 b/d and gas production of 50mn cfd, starting in 2011. But it is expected to cost ar...
Volume: 51Issue: 48Published at Mon, 01 Dec 2008 -
Oman Signs EPSA With Occidental And Mubadala
...mmence immediately and that production from the area in question is expected to begin in 2010 and reach plateau of about 165mn cfd (27,500 barrels of oil equivalent per day – boed) by the end of 2011. Occidental’s net share of production at plateau is expected to be approximately 10,000 boed, with Mu...
Volume: 51Issue: 48Published at Mon, 01 Dec 2008 -
Political Comment (1 December 2008)
...nflicting). So while the way is now clear for an American withdrawal from Iraq by the end of 2011 in accordance with the SOFA, it is now theoretically possible that this could take place by the middle of 2011 if the referendum gives the thumbs down, since the agreement specifies that it “can be terminated by...
Volume: 51Issue: 48Published at Mon, 01 Dec 2008 -
Condensate’s Growing Impact On Petrochemical And Transport Fuel Markets
...bstantially in expanding condensate processing capacity through 2011. While Thai imports remained steady, this market, together with China, will import increasing condensate volumes through 2016. Thailand has joined the ranks of major condensate importers and this market’s expanding condensate needs wi...
Volume: 51Issue: 48Published at Mon, 01 Dec 2008 -
Algeria Seeks International Partnerships To Confront Upstream Challenges
...ream in 2011-12, and which will produce 85% crude and 15% condensate. As the largest international oil producer in Algeria, Anadarko has suffered heavy financial losses from the windfall tax, and El-Merk’s development was delayed by three to four years. But MEES learns that the EPC bids for El-Merk ar...
Volume: 51Issue: 47Published at Mon, 24 Nov 2008 -
Bureaucracy Hampers Iraqi Oil Rehabilitation Efforts
...SIGIR, Baghdad’s 2009-11 Strategic Plan is based on export prices of $80/B for 2009, $85/B for 2010, and $90/B for 2011, further underlining the damage posed by both falling pricing and declining production capacity in the south. The report also illustrated continued difficulties the Mi...
Volume: 51Issue: 47Published at Mon, 24 Nov 2008 -
Political Comment (24 November 2008)
...forces, which is probably why cabinet spokesman ΄Ali al-Dabbagh stressed that “the total withdrawal will be completed by 31 December 2011. This is not governed by circumstances on the ground. The date is specific and final.” Unfortunately for Mr Dabbagh, the Chairman of the US Joint Chiefs of St...
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 -
Costs Slide Prompts Wave Of Project Delays
...0,000 b/d offshore Manifa increment, which is due to begin starting up at the end of 2011. Manifa, the last of the mega-projects in Saudi Aramco’s current upstream expansion drive, is being widely touted as the most expensive increment in the company’s history, with current projections overshadowing th...
Volume: 51Issue: 46Published at Mon, 17 Nov 2008 -
Hyproc Receives New LPG Carrier From Japan’s Namura, Algerian LPG Exports Set To Rise
...signed to expand and modernize Hyproc’s fleet. The company expects to receive three more LPG carriers, each with a capacity of 35,000 cu ms, between 2009 and 2011, two of which are being constructed by Korea’s Hyundai Heavy Industries (HHI) following an agreement signed in September (MEES, 8 Se...
Volume: 51Issue: 46Published at Mon, 17 Nov 2008 -
Iran’s Oil Production Not Expected To Increase Medium-Term, Says FACTS
...0 B/D) Phase 1 (Timeline) Phase 2 (Timeline) Anaran StatoilHydro (Likely) 68 (2011-12) 130 (2015) Azadegan PetroIran* 50 (2009) 170 (2013-14) Yadavaran Sinopec 85 (20...
Volume: 51Issue: 46Published at Mon, 17 Nov 2008 -
Political Comment (10 November 2008)
...ndate for the Americans’ continued presence in Iraq at the end of the year. According to Iraqi national security adviser Muwaffaq al-Ruba'i on 6 November, “they accepted many, many of our requests,” including the removal of a clause that would have allowed US troops to remain in Iraq after 2011, wh...
Volume: 51Issue: 45Published at Mon, 10 Nov 2008 -
GCC Countries To Meet On Gulf Power Grid Project
...oject and to sign a power trading agreement. The $3.9bn project is designed to link GCC members’ domestic power systems by 2011. Speaking in Abu Dhabi on 26 October, Yusuf Ahmad Janahi, chairman of the GCC Interconnection Authority, said Phase 1 of the project, which began in 2001, was 80% complete an...
Volume: 51Issue: 44Published at Mon, 03 Nov 2008