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Russia Remains At Odds With Other CPC Partners Over Pipeline Expansion
...pensive than that charged by Russian pipeline monopoly Transneft for transport through its system. Moscow is said to be looking to have the debt paid down by 2012 instead of 2014 as previously planned. Moscow is also said to want the consortium run by a board of directors instead of a shareholders’ co...
Volume: 49Issue: 48Published at Mon, 27 Nov 2006 -
NIOC Officials Update On Oil Production And Refining Targets
...OC) Managing Director Gholamhossein Nozari announced on 20 November that the company was aiming to increase its oil production capacity to 7mn b/d by 2014, while at the same time increasing gas production capacity to 1.565bn cmd (55.30bn cfd). Addressing the 11th International Oil & Gas Forum in Te...
Volume: 49Issue: 48Published at Mon, 27 Nov 2006 -
Fesharaki: High Prices Not Threatening Demand Growth In Industrialized Countries
...rticularly in the industrial world.” Dr Fesharaki argues that recent market behaviour suggests it is increasingly reasonable to assume that worldwide oil demand would plateau at about 100mn b/d with prices remaining robust: “At current prices we expect it would be 2014-15 before demand flattens out, an...
Volume: 49Issue: 24Published at Mon, 12 Jun 2006 -
Adco, ADMA-Opco Concessions To Be Renewed On Similar Terms
...aker than those in the existing contracts, although the timing of renewal discussions is not yet clear, MEES learns. The concession for Adco, in which Abu Dhabi National Oil Company (ADNOC) holds 60% alongside Shell, ExxonMobil, BP and Partex expires in 2014. ADMA-Opco’s concession, where ADNOC ho...
Volume: 49Issue: 23Published at Mon, 05 Jun 2006 -
Lebanon Cancels $844Mn Worth Of Cash Eurobonds
...sue, due to an international arbitration dispute with a former mobile operator LibanCell. The issues were intended to replace debt maturing in 2006. The cancellation covered two dollar-denominated issues worth $662mn ($73mn from the $750mn 2014 eurobond and $588mn from the 2012 $1.5bn eurobond) an...
Volume: 49Issue: 16Published at Mon, 17 Apr 2006