Дорогие друзья! Больше трех лет я рассказываю вам об основных новостях, событиях, трендах на мировом рынке нефти и газа. Я делаю это бесплатно и без рекламы. Поэтому я прошу вас о помощи. Wognews нуждается в развитии. Вас больше 20 000 человек из более чем 80 стран мира. Если каждый пожертвует небольшую сумму денег, 500 или 1000 рублей, или больше, wognews станет лучше. Спасибо, Владимир Виноградов, основатель wognews.

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2014-04-21 18:30:00

SABIC: GAS LIMITING

SABIC: GAS  LIMITING

Petrochemicals giant Saudi Basic Industries Corp (SABIC) is finding it very hard to grow within Saudi Arabia because of a shortage of natural gas, its chief executive said on Sunday.

Mohamed al-Mady was speaking to reporters after the company reported that net profit slipped 1.8 percent from a year earlier in the first quarter of this year as lower product prices offset rises in production and sales volumes.

"The shortage of gas and many sectors competing for it have made internal expansion very hard," Mady said.

However, he noted that SABIC had several domestic projects under construction, including a synthetic rubber plant at its KEMYA joint venture that would come on line in two to three years.

He also said SABIC had studies underway on possible mega-projects in Saudi Arabia, North America and China, including potential projects involving shale gas in North America. "These are all studies and you will hear of the results soon."

"We are talking with a number of potential partners in the U.S. for investment in shale gas," he added without giving a specific time frame for any deals. "The cost of shale gas is reasonable compared to oil or alternative materials like coal or solar power."

Chief financial officer Mutlaq al-Morished said that so far SABIC had no plans for bond or sukuk issues, but would conduct them if the need arose.

A SABIC official said early last year that the company planned to issue sukuk late in 2013 or in 2014 to fund coming projects.

reuters.com

Tags: SABIC, GAS, SAUDI, ARABIA

Chronicle:

SABIC: GAS  LIMITING
September, 22, 08:50:00

RUSSIA - KURDISTAN INVESTMENT

Instead, with the planned referendum just days away, Russian state oil giant Rosneft announced its latest investment last week, to help Iraqi Kurdistan develop its natural gas industry, for domestic supplies and eventual export.

SABIC: GAS  LIMITING
September, 22, 08:45:00

IRAN'S GAS EXPORT: ABOVE 5 BCM

Iran exported over 5 billion cubic meters (bcm) of natural gas during the first five months of the current Iranian calendar year (March 21-August 22), Dispatching director of National Iranian Gas Company (NIGC) announced.

SABIC: GAS  LIMITING
September, 22, 08:40:00

IRAQI OIL TO U.S.

Gazprom Neft has shipped its second and largest cargo of Iraqi crude to the US since the Badra field, its flagship overseas oil project, came on stream in 2014, the Russian oil company said Tuesday.

SABIC: GAS  LIMITING
September, 22, 08:35:00

QATAR - TURKEY LNG

Qatargas has agreed to sell 1.5 million tpy of LNG to Turkey’s BOTAŞ Petroleum Pipeline Corporation (BOTAŞ) over a period of three years

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