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BSF Says Saudi State Expenditure Increasing Breakeven Oil Price
...vernment spending, the breakeven price of oil could rise to $98/B by 2017,” the report asserts. Saudi Breakeven Oil Price Rises Rapidly Source: SAMA, Banque Saudi Fransi forecasts. Nominal GDP figures released by the government for 1H10, meanwhile, have indicated strong growth in the non-oil pr...
Volume: 53Issue: 49Published at Mon, 06 Dec 2010 -
Union Railway Awards Consultancy And Preliminary Engineering Contracts
...ance’s Systra has won the project management consultancy contract for the UAE’s $11bn Union Railway project. The initiative, which is due for completion in 2017, will see the emirates linked by 1,500km of freight and passenger rail networks. It will form an integral part of the planned pan-Arab Union Ra...
Volume: 53Issue: 49Published at Mon, 06 Dec 2010 -
Socar Sees Shah Deniz 2 Gas Agreements By Mid-2011
...ose maximum production capacity is estimated to reach 16 bcm/y by 2018-19. Early gas is expected to start flowing by late 2016 or early 2017, he noted. On 14 November, Socar’s Vice-President for International Affairs Elshad Nassirov, who is leading the company’s negotiating team with Botas and th...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Saudi Cabinet Approves Plans For Russia Nuclear Pact
...rm Atomstroyexport is currently in the second bidding round for the contract to build Jordan’s first nuclear reactor – planned for 2017 – using its AES-92 VVER-1000 technology. An early agreement with Saudi Arabia could see Russian reactor models get more weighted consideration from the au...
Volume: 53Issue: 44Published at Mon, 01 Nov 2010 -
Chevron Eyes 2017 Start-Up For $15-20Bn Steam Flood Project
...Middle East Economic Survey VOL. LIII No 43 25-Oct-2010 SAUDI ARABIA Chevron Eyes 2017 Start-Up For $15-20Bn Steam Flood Project Chevron is pushing ahead with its pioneering large sc...
Volume: 53Issue: 43Published at Mon, 25 Oct 2010 -
Turkey Waives Right To Export Azerbaijani Gas
...ril 2008, until when the price was $120/1,000 cu ms (MEES, 21 June). The readjusted price has created a debt for Turkey estimated at around $1bn. As of 2010, Turkey will be receiving 6.6 bcm/year from Shah Deniz Stage 1. When Shah Deniz Stage 2 production comes on stream in 2017, Turkey will be re...
Volume: 53Issue: 43Published at Mon, 25 Oct 2010 -
Shah Deniz 2 Stage Two Will Not Supply Gas Till 2017
...Middle East Economic Survey VOL. LIII No 42 18-Oct-2010 CASPIAN Shah Deniz 2 Stage Two Will Not Supply Gas Till 2017 Tender documents issued recently by shareholders of the joint ve...
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
Japan Promises Financial Assistance To Jordan’s Nuclear Drive
...e project’s safety, a Japanese Foreign Ministry statement noted. Jordan aims to start operations at its first nuclear power plant by as early as 2017, with a site close to Aqaba already having been selected by authorities. A Japanese-French consortium made up of Mitsubishi and Areva is currently in...
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
Credit Suisse Appointed Financial Advisor For UAE Nuclear Program
...irates Nuclear Energy Corporation (ENEC) as the UAE proceeds to develop nuclear power generation capacity over the next 10 years. The bank is expected to focus primarily on project risk assessment. The UAE’s first 1.4gw nuclear reactor is set to become operational by 2017, with three others targeted for co...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010 -
Jordan-Japan Nuclear Agreement Speeds Up Reactor Bidding Process
...th Japan, a development which helps pave the way for the planned construction of a commercial nuclear reactor as early as 2017. “Jordan is keen to benefit from Japan’s longstanding expertise in nuclear technology,” said Jordan Atomic Energy Commission (JAEC) Chairman Khalid Tuqan, one of the si...
Volume: 53Issue: 38Published at Mon, 20 Sep 2010 -
Kuwait And Japan Sign Nuclear Cooperation Agreement
...perts, regulation and public relations. Japan has signed similar agreements with UAE, which intends to have the first of its four planned nuclear power plants come online in 2017, as well as with Jordan. In April, Kuwait signed a similar agreement with France, with media reports speculating that the em...
Volume: 53Issue: 37Published at Mon, 13 Sep 2010 -
Jordan And South Korea Sign $70mn Deal For Nuclear Research Reactor
...wer needs. The kingdom currently imports 96% of its energy needs at a cost of about 13% of its GDP. The site for Jordan’s first commercial nuclear plant – based on a 1.0gw Generation III reactor – has already been selected, near the port city of 'Aqaba, with start-up expected in 2017 at the earliest, th...
Volume: 53Issue: 31Published at Mon, 02 Aug 2010 -
Shuweihat S3 Power Plant Attracts Bids From Five Consortia
...roughout the UAE and wider Gulf. Furthermore, Abu Dhabi’s plans for nuclear power stations complicate the issue. Abu Dhabi will build four nuclear reactors, costing a total of $20bn, due to its gas shortage, but the first reactor will not come online until 2017, when power demand is forecast to hit 21...
Volume: 53Issue: 31Published at Mon, 02 Aug 2010 -
Jordan-US Nuclear Energy Talks Going Smoothly, Officials Say
...d its completion “a long way off”, according to JNRC, though a site has been selected – at Aqaba – with a GDF Suez spokesperson noting in May that it could be ready to begin operations by 2017. Jordan has already awarded a $132.6mn contract to a Korean consortium led by Daewoo for the construction of...
Volume: 53Issue: 29Published at Mon, 19 Jul 2010 -
Kepco Awards $4Bn Contract To Doosan For Main Facilities At UAE Nuclear Plants
...ing developed independently by Korean firms, and based on a design first introduced in the 1980s. The plants are scheduled to be completed in phases beginning in 2017, and represent South Korea’s first successful attempt to export its nuclear reactor technology....
Volume: 53Issue: 28Published at Mon, 12 Jul 2010 -
Gas Deadlock Resolved As Turkey And Azerbaijan Agree Terms For EU Deliveries (13)
...niz field, which is expected to produce 16 bcm/y by 2017. According to this second agreement, Turkish imports will start at 2 bcm/y in 2016-17, rising to 6 bcm/y by 2019. From the Shah Deniz 2 supply, 6 bcm/y of the 7 bcm/y will be allocated to Botas while the remaining 1 bcm/y will be delivered to Tu...
Volume: 53Issue: 24Published at Mon, 14 Jun 2010 -
Third Turbine At Marib Power Plant Begins Operation
...owing local power demand. Marib-1 is the first of two gas-fired independent power plants (IPPs) expected to come on line at Marib by 2017, with Marib-2 expected to have a capacity of 400mw when it is completed. Eight other gas-fired power plants are also scheduled for completion by then, each with a to...
Volume: 53Issue: 22Published at Mon, 31 May 2010 -
Jordan Signs Oil Shale Agreement With Eesti Energia
...able, Enefit would have access to the shale oil for a period of 40 years, extendable by another 10 years. The agreement covers the production of 38,000 b/d of shale oil and the generation of up to 900mw of electricity from a shale oil fired plant. First power is projected for 2016 and first oil for 2017...
Volume: 53Issue: 20Published at Mon, 17 May 2010 -
Dragon Arranges Short-Term Crude Swap With Iran, Seeks Longer Arrangement
...pply agreement signed earlier this month between Ukraine and Russia (MEES, 26 April). The current lease expires in 2017 and the new lease, supported by 236 members out of 450 total, moves this to 2042. Members of the Ukrainian parliament opposed to the agreement threw eggs and smoke bombs in the ch...
Volume: 53Issue: 18Published at Mon, 03 May 2010 -
Ukraine Gets Russian Gas Reprieve With Amendments To Gas Supply Agreement
...e to expire in 2017, but now in place until 2042. Sevastopol, on the Crimean peninsula, is a strategic location for Russia’s presence in the Black Sea. Ukrainians in opposition to Mr Yanukovich have criticized the deal, including former Prime Minister Yulia Tymoshenko, who brokered the current gas ag...
Volume: 53Issue: 17Published at Mon, 26 Apr 2010