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Doha Rules Out New Gas Export Projects Post-Moratorium
...Middle East Economic Survey VOL. LII No 50 14-Dec-2009 Doha Rules Out New Gas Export Projects Post-Moratorium Qatar on 7 December gave its clearest message yet surrounding gas policy when it reviews its moratorium on new projects in 2014. Absolutely no new grassroots gas export pr...
Volume: 52Issue: 50Published at Mon, 14 Dec 2009 -
Looming Gas Glut And Upstream Constraints Hamper North African Export Plans
...a conference in Cagliari last week that the project was now expected to start up in 2014, with delays caused by the authorization process taking longer than planned. When the intergovernmental agreement between the two countries was signed two years ago, the project’s envisaged start up date was Ma...
Volume: 52Issue: 48Published at Mon, 30 Nov 2009 -
Regional Implications For BG’s Renegotiated Gas Price In Oman
...an.” By 2014 steam for the operation will be supplied by a cogeneration unit and like Qarn Alam, the Amal project aims to minimize the natural gas burned to create steam by capturing the waste heat from the power plant turbines. The peak production from the two fields is expected to be three times th...
Volume: 52Issue: 46Published at Mon, 16 Nov 2009 -
North Africa Embraces Renewable Energy
...geria has abundant gas reserves. But domestic consumption is expected to double over the next 10 years, from around 27 bcm/year now, with a significant proportion of this extra demand coming from new power plants, while exports are due to rise by nearly 40% by 2014 (MEES, 19 October, 8 June). Co...
Volume: 52Issue: 46Published at Mon, 16 Nov 2009 -
Tunisia Touts Export Potential, As Gas Projects Unfold
...15% on 2007, and compared with annual production of around 3 bcm. Furthermore, as ETAP’s Mr Becheikh himself said, Tunisia aims to cover 60% of its energy consumption with natural gas by 2014, compared with 40% in 2007 and just 5% in 1980. But exploration activity has produced good results si...
Volume: 52Issue: 45Published at Mon, 09 Nov 2009 -
Tough Investment Climate Darkens North African Upstream Prospects
...pected on-stream in 2014, will feed into the planned pipeline connecting all the tight gas fields in the remote southwest to Algeria’s main gas hub at Hassi R’Mel. Another important gas development that has suffered unforeseen delays is the installation of a low-pressure compression project at the Ti...
Volume: 52Issue: 44Published at Mon, 02 Nov 2009 -
Banks Upbeat On Project Finance As Mega-Deals Target Year-End Close
...e refinery is state-of the-art and when it comes on line at the end of 2013, or early 2014, it will be the Middle East’s most advanced. While not quite at the level of the Reliance Jamnagar refinery in India, which was commissioned at the end of 2008, Jubail is “top drawer stuff,” commented Pr...
Volume: 52Issue: 38Published at Mon, 21 Sep 2009 -
Basri Proposes New Approach To Budget Planning In Iraq
...provement of government services (health and housing) and for raising productivity in promising projects by adopting the PPP model Dr Basri projects a gradual increase in oil production/exports and revenues during the five-year period, with a rise in oil revenue to $94.5bn in 2014 from $36.0bn in 2009. No...
Volume: 52Issue: 37Published at Mon, 14 Sep 2009 -
North Africa Forges Ahead With Refinery Upgrades, Expansions More Elusive
...amant that the project will be completed by the second quarter of 2014. However, he concedes that the global financial crisis, which caused difficulties in securing financing and procuring materials, has delayed the project and driven up the costs. It was originally due on stream in 2011 at an estimated co...
Volume: 52Issue: 34Published at Mon, 24 Aug 2009 -
EU Balkan States Considering Arab LNG Imports Via Greece
...ansmission system operator DESFA, Panayiotis Kanellopoulos told MEES on the sidelines of the conference that “Revythousa’s capacity is expanding. Planning has already commenced to increase its existing storage capacity by almost 70% by 2014.” Mr Hatzidakis had told the conference that “Greece is also pl...
Volume: 52Issue: 31Published at Mon, 03 Aug 2009 -
Faltering Upstream Progress Undermines Libyan Output Targets
...ploitation of new ones, is the Waha oil company, whose Chairman Bashir El-Ashahab said in an interview earlier this month that it was targeting 650,000 b/d by 2014. The company is currently producing 370,000 b/d, according to Waha sources, and the first of four major development projects, Faregh Phase 2, is...
Volume: 52Issue: 30Published at Mon, 27 Jul 2009 -
RasGas Sees Largest Ever Order Book For Middle East Bond
...anned total of $2.23bn, divided into a series of three with bullet maturities – the E series is worth $500mn, maturing in 2012; the F series worth $1.115bn, maturing in 2014; and G series of $615mn, maturing in 2019 (MEES, 13 July). Pricing was attractive, with the three-year issue at treasuries pl...
Volume: 52Issue: 30Published at Mon, 27 Jul 2009 -
Saudis Focus Efforts On Economic City Drive
...iversity of Science and Technology (KAUST), currently under construction and which is being touted as a ‘Harvard on the Red Sea’. State-owned Saudi Aramco and its partner Japan’s Sumitomo are proceeding with plans for a further multi-billion dollar expansion at PETRORabigh, which should be complete by 2014...
Volume: 52Issue: 30Published at Mon, 27 Jul 2009 -
Nabucco Partners Sign Intergovernmental Agreement
...ll as Turkey apparently softening its stance on Nabucco, the 31 bcm/year pipeline project that is scheduled to start in 2014 received a significant boost with the surprise offer by Iraq’s Prime Minister Nuri al-Maliki at the signing ceremony to supply it with 15 bcm/year of gas. However, it re...
Volume: 52Issue: 29Published at Mon, 20 Jul 2009 -
Egypt Raises Gas Supplies To Israel After Reaching New Price Agreement
...vertheless, the original memorandum of understanding (MOU) potentially allows Israel to import up to 7 bcm/year of Egyptian gas. And with Israel’s big new gas discoveries not expected on stream before 2014, Cairo stands to benefit from its neighbor’s greater energy dependency, especially now that an ac...
Volume: 52Issue: 25Published at Mon, 22 Jun 2009 -
Nabucco Partners Turn To Kurdistan Region For Gas Supply; Baghdad Says No
...peline by 2014 ‒ a boost to the beleaguered Nabucco project that has been backed by the EU to obtain another source of much-needed gas. Pearl Petroleum is jointly owned by Sharjah-based partners Dana Gas and Crescent Petroleum. In April 2007 these signed long-term agreements with the KRG covering th...
Volume: 52Issue: 21Published at Mon, 25 May 2009 -
ADNOC Probes Options For Oil Concession Renewal
...tal (9.5% each); and Partex (2%). The concession expires in January 2014. ADMA for the offshore sector comprises: ADNOC (60%); BP (14.67%); Total (13.33%); and Japan Oil Development Company (Jodco – 12%). This concession ends in 2018. The presence and participation of the majors have provided te...
Volume: 52Issue: 18Published at Mon, 04 May 2009 -
Qatar Inaugurates First LNG ‘Mega-Train’ As Technical Issues Persist
...t now expected until summer. If this goes ahead, start-up is not expected much before 2014. QP is also taking another look at costs at ExxonMobil’s 1.5bn cfd Barzan gas development, which was to supply gas for domestic power generation and desalination plants. This has now been delayed by at le...
Volume: 52Issue: 15Published at Mon, 13 Apr 2009 -
Gulf Refinery Construction Costs Slide
...nuary) although given the big shift in the EPC market and possible changes in the project’s scope, it would be premature to pin down a figure, said Mr 'Ajmi. The CFP plans envisage commissioning in 2014, and will allow Kuwait to meet strict European sulfur standards for diesel and gasoline through to 20...
Volume: 52Issue: 13Published at Mon, 30 Mar 2009 -
Oman Sidesteps Gas Crunch As Liquids Output Rises
...cure until 2013. But economic slowdown and greater efficiency in gas usage, with savings estimated at 7-10%, has given the country some breathing space. “I would say that we have at least until 2014-15 before we have a problem,” says a ministry source. The expiry at the end of this year of BP’s co...
Volume: 52Issue: 13Published at Mon, 30 Mar 2009