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Iran Casts Wary Eye On Shared Field As Qatar Celebrates LNG Success
...eaky horizontal drilling,” a state-owned Qatar Petroleum (QP) official tells MEES. “Qatar’s best drilling sites are right on the median line, so if there is migration it would go our way,” he said. Qatar has a moratorium until 2014 on new projects in the field, while QP completes its study into re...
Volume: 53Issue: 51Published at Mon, 20 Dec 2010 -
Naimi Likely To Stay At Helm Of No 1 Global Oil Power
...entually discarded ExxonMobil-led Core Venture 2 of the Saudi Strategic Gas initiative, proposed in the early part of the decade. Closer at hand, the offshore Middle East Gulf 1.8bn cfd Karan gas development is set to start up next year. In 2014 the 2.5bn cfd Wasit gas plant, which will process gas fr...
Volume: 53Issue: 51Published at Mon, 20 Dec 2010 -
Shuweihat S3 Power Deal Suggests Dip In Financing Costs
...wer in summer 2013 and then gear up to full rates of 1.6gw before the 2014 summer peak loading period. It will be fueled by gas. Once the PPA is signed, ADWEA is expected to make a decision on the next IWPP or IPP. This was originally going to be Taweelah C, which was supposed to have been launched as...
Volume: 53Issue: 51Published at Mon, 20 Dec 2010 -
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 -
Syria’s 2011 Draft Budget Targets Lower Deficit
...bsequently the deficit/GDP ratio is projected to rise slightly to 6% in 2012, before falling to 5.8% in 2013, 5.5% in 2014 and 5.4% in 2015, according to the government budget statement that was presented to parliament. The budget was approved by the cabinet on 12 October and is currently being debated in...
Volume: 53Issue: 50Published at Mon, 13 Dec 2010 -
Qatar Delays Barzan Project Due To Domestic Gas Supply Surplus
...st the World Cup that year. Qatar has a surplus of gas for its domestic market and is delaying the start up of the 1.5bn cfd Barzan project to 2015, from the planned 2014, MEES learns. Barzan’s gas from the North Field – the final project approved under the moratorium on further developments of th...
Volume: 53Issue: 50Published at Mon, 13 Dec 2010 -
GCC Power Grid Project Nears Completion
...ich it is boosting to 2.5gw next year and to 3.6gw by 2014, which is expected to be greater than demand. Qatar plans to boost its power production to more than 8.707gw by 2011, from 4.263gw at the end of the second quarter of 2008. GCC Electricity Ministers Approve Single Tariff A meeting of the GC...
Volume: 53Issue: 49Published at Mon, 06 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 -
Turkmenistan Tilts Towards West, Considers Rapprochement With Azerbaijan
...PC and Turkmengaz, once the 1,000km, 30 bcm/year capacity East-West pipeline is com-pleted in 2014. On top of that, the former head of Turkmengaz noted, “as early as 2011, Turkmenistan needs a market for gas produced by the Malaysian Petronas company on an offshore block at a rate of 5 bcm/y.” Me...
Volume: 53Issue: 48Published at Mon, 29 Nov 2010 -
Iran Wants To Renegotiate Offshore Gas Treaty With Qatar
...ing back the gas that has migrated.” Qatar has a moratorium on further new development projects before 2014, when it will complete its study into the field’s depletion. But QP engineers complain that to calculate the rate they need meaningful figures from Iran about its extraction plans, but ar...
Volume: 53Issue: 48Published at Mon, 29 Nov 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 -
North Africa’s Investment Star Wanes
...heduled to come on stream in the second quarter of 2014 at a targetted capital investment of $920mn. Total is struggling to keep costs to below $1bn, MEES understands. Low gas prices have pushed Algeria into stopping spot gas sales (MEES, 11 October). A number of foreign operators had output slashed ea...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010