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SEC Finalizes $1.33Bn Islamic Financing With Local Banks
...ogram, which will see approximately SR21bn ($5.6bn) invested in three new power plants – at Rabigh, Riyadh and Qurayah – between April 2012 and April 2014, adding 5.2gw in new capacity (MEES, 4 October)....
Volume: 53Issue: 51Published at Mon, 20 Dec 2010 -
Ma'aden Aluminum Financing Oversubscribed, Attracts 16 Lenders
...d 380,000 t/y for the rolling mill. First commercial production from the smelter and mill is scheduled for early 2013. First production from the mine and refinery is set for early 2014. Alcoa will supply alumina to the smelter in the interim period. Ma'aden holds 74.9% of the joint venture; Al...
Volume: 53Issue: 49Published at Mon, 06 Dec 2010 -
Shell, BP And BG In Talks With Cyprus For LNG Import Terminal
...by early next year (MEES, 30 August). Cyprus is hoping for LNG to start arriving in 2014 at its proposed southern Vasilikos site as part of a 20-year supply agreement. Currently Cyprus generates electricity primarily through burning fuel oil....
Volume: 53Issue: 48Published at Mon, 29 Nov 2010 -
BP Strikes Gas On West Nile Delta Concession
...velopment of five offshore fields into a new onshore gas plant, with first gas anticipated for late 2014 (MEES, 26 July)....
Volume: 53Issue: 48Published at Mon, 29 Nov 2010 -
CBI Statistics Show 19.7% Fall In Oil And Gas Exports Revenue In 2009-10
...12-13) 1.951 1392 (2013-14) 1.553 1393 (2014-15) onwards 4.127 Parliament Removes President From CBI Assembly The Iranian parliament on 14 November passed a law to remove President Mahmoud Ahmadinejad from chairing the CBI General Assembly in a move which de...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Barzan Project Financing Kicks Off With Approach To ECAs
...ndensate Barzan, which is now planned for startup in 2014, after the original 2012 date slipped, will be supplied from a designated block (Barzan) in the North Field. Given the feed is rich gas, it will produce LPG and condensate (to be sold separately from the 1.5bn cfd of gas). Barzan is the last ma...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
DEWA Gears Up For First IWPP
...ter. Start-up is scheduled for 2014, which is a tight deadline but achievable, commented an industry source. The IWPP will be constructed at Hassyan, a site near the border with Abu Dhabi, and has room for a total of six projects. The first IWPP will be gas-fired, but DEWA has commissioned a study on...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
VTTI Awards Oil Terminal Construction Contract To J&P
...siliko that should come into operation in 2014 with a capacity to process 1 bcm/year (MEES, 30 August, 16 November 2009, 4 May 2009)....
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
Groundstar Transfer Of Kom Ombo Interest Approved
...eir agreement in June, with Aegean agreeing to drill at least four exploration wells by 2014 at a cost of $30mn (MEES, 14 June). The first is set to commence drilling by the end of November. Sino Tharwa Drilling Company has been awarded the drilling contract for four wells, two of which are optional. ...
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
SEC Invites Bids For Qurayah Power Project
...erations on 1 June 2014. Qurayah IPP1 is expected to cost $1.8bn, 'Amir al-Swaha, SEC’s Head of Independent Power Producer (IPP) projects, was quoted as saying by Reuters, which added that the plant would use 300mn cfd of gas to generate electricity. The plant had previously been expected to use heavy fu...
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
SWCC Awards $4.2Bn Contracts For Ras Al-Zour Project
...uminum complex when completed in 2014 (MEES, 19 July). The Ras al-Zour complex was originally planned to be built and run by a private sector consortium led by Sumitomo Corporation. However, the scheme was re-launched under the auspices of SWCC (MEES, 29 June 2009)....
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
Ukraine To Relaunch LNG Project
...rm of Azeri LNG via Georgia’s Kulevi port by 2014. Mr Boyko said that the cost of building a regasification terminal in Odessa would not exceed $1bn and that there will be a “quick payback” on the investment. He added that the project would be backed by EU funds, without providing any additional de...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
Russia Expresses Interest In North Field Projects
...ojects to produce LNG from gas produced in the North Field, according to Russian state media. Government-owned RIA Novosti reported that Gazprom had expressed interest in partnerships in gas projects in Qatar, once a moratorium on expanding gas production on the offshore acreage is lifted in 2014, du...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
Shell Reduces Kashagan Phase 2 Cost Estimate By $18Bn
...start by 2014-15. Mr Kabyldin said that “the group of six Kashagan participants on July 27 informed the [Kazakh] oil and gas minister that the time frame for Phase 2 at the Kashagan field was being put back to 2018‐19,” according to Russia’s Interfax. As a consequence, Mr Kabyldin noted, th...
Volume: 53Issue: 44Published at Mon, 01 Nov 2010 -
EIB Grants €560Mn Support Package For Egypt’s Electricity Sector
...be commissioned in 2014. In addition to the EIB, it will be financed by the World Bank and the OPEC Fund for International Development....
Volume: 53Issue: 44Published at Mon, 01 Nov 2010 -
South Sudan Announces Plans For Transitional Government
...l output to 565,000 b/d by the end of the year, according to Business International Monitor’s (BMI) Sudan Oil and Gas report for September, with plans to raise production to 735,000 b/d by 2014. But most of the country’s oil resources are located in the south, and its infrastructure in the no...
Volume: 53Issue: 43Published at Mon, 25 Oct 2010 -
Kabyldin Says KMG Will Cover Investment Needs To 2014 Via Loans
...Middle East Economic Survey VOL. LIII No 42 18-Oct-2010 CASPIAN Kabyldin Says KMG Will Cover Investment Needs To 2014 Via Loans KazMunaiGaz (KMG) CEO, Kairgeldy Kabyldin, said on 8 Oc...
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
Kazakhmys To Accelerate Ekibastuz Power Plant Modernization
...08 acquired the country’s largest power plant, located at Ekibastuz near Pavlodar, announced on 24 September that it will speed up its $400mn modernization program. The company plans to boost the power plant’s generation capacity by 40% to 3.5gw by 2014. Kazakhmys CEO Oleg Novachuk said that the co...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
Kuwait Looking To Start-Up Of Vietnam Refinery In 2014
...Middle East Economic Survey VOL. LIII No 40 4-Oct-2010 KUWAIT Kuwait Looking To Start-Up Of Vietnam Refinery In 2014 Kuwait intends to keep hold of its 35.1% stake in the $6bn Nghi So...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
MENA Region Could Become World’s Petrochemical Hub, Says Al Masah Capital
...ng term demand outlook for petrochemicals is very positive, supported by rising consumption rates in emerging economies of Asia, primarily China and India, maintains the report. The region’s share of global ethylene capacity is set to reach 23.4%, equivalent to 174.8mn tons/year, by 2014, up fr...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010