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    Egypt’s agriculture exports rise 17.2 percent in 5 months

    Egypt’s agriculture exports rise 17.2 percent in 5 months

    Egypt secures $66 mln from EU, AFD to expand wheat storage

    Egypt secures $66 mln from EU, AFD to expand wheat storage

    Agreements signed to establish 4 food factories in Jordan

    Agreements signed to establish 4 food factories in Jordan

    Morocco set to launch potash project: report

    Morocco set to launch potash project: report

    Food Africa and pacprocess MEA to launch in December with an even larger area

    Food Africa and pacprocess MEA to launch in December with an even larger area

    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

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      Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

      Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

      International investors keen on entering Saudi market, says minister

      International investors keen on entering Saudi market, says minister

      Egypt aims to enhance contribution of IT sector to GDP: Talaat

      Egypt aims to enhance contribution of IT sector to GDP: Talaat

      Saudi airports witness 42% rise in passengers in first 4 months of 2023

      Saudi airports witness 42% rise in passengers in first 4 months of 2023

      Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

      Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

      Egypt starts implementation of silicon production project in New Alamein

      Egypt starts implementation of silicon production project in New Alamein

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      Oman gears up for its first smart city

      Oman gears up for its first smart city

      Saudi real estate ‘booming’ on big office space demand

      Saudi real estate ‘booming’ on big office space demand

      Value of Saudi construction contracts jump 35% to $51.3bn: report

      Value of Saudi construction contracts jump 35% to $51.3bn: report

      Qatar to implement new strategies for real estate development

      Qatar to implement new strategies for real estate development

      Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

      Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

      Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

      Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

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        Clean energy technology manufacturing market to reach $790bln by 2030: IEA

        Clean energy technology manufacturing market to reach $790bln by 2030: IEA

        Egypt invests $64mln in electricity network development in South Sinai since July 2014

        Egypt invests $64mln in electricity network development in South Sinai since July 2014

        First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

        First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

        Oman’s refinery products output jumps by 44%

        Oman’s refinery products output jumps by 44%

        Iraq agrees to 30% stake in TotalEnergies $27bln energy project

        Iraq agrees to 30% stake in TotalEnergies $27bln energy project

        Oman signs $20bn hydrogen deals

        Oman signs $20bn hydrogen deals

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          Qatar: Over 700 hotel keys added in Q1

          Qatar: Over 700 hotel keys added in Q1

          Jordan’s tourism income surges 88% as visitors flock to the country

          Jordan’s tourism income surges 88% as visitors flock to the country

          Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

          Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

          Leisure sector in Qatar stronger after World Cup 2022

          Leisure sector in Qatar stronger after World Cup 2022

          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Saudi to be among world’s big leisure tourism hubs by 2030

          Saudi to be among world’s big leisure tourism hubs by 2030

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        • Agrofood
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          Egypt’s agriculture exports rise 17.2 percent in 5 months

          Egypt’s agriculture exports rise 17.2 percent in 5 months

          Egypt secures $66 mln from EU, AFD to expand wheat storage

          Egypt secures $66 mln from EU, AFD to expand wheat storage

          Agreements signed to establish 4 food factories in Jordan

          Agreements signed to establish 4 food factories in Jordan

          Morocco set to launch potash project: report

          Morocco set to launch potash project: report

          Food Africa and pacprocess MEA to launch in December with an even larger area

          Food Africa and pacprocess MEA to launch in December with an even larger area

          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Trending Tags

          • Business & Economy
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            • Business
            • Economy
            • Finance
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            Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

            Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

            International investors keen on entering Saudi market, says minister

            International investors keen on entering Saudi market, says minister

            Egypt aims to enhance contribution of IT sector to GDP: Talaat

            Egypt aims to enhance contribution of IT sector to GDP: Talaat

            Saudi airports witness 42% rise in passengers in first 4 months of 2023

            Saudi airports witness 42% rise in passengers in first 4 months of 2023

            Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

            Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

            Egypt starts implementation of silicon production project in New Alamein

            Egypt starts implementation of silicon production project in New Alamein

            Trending Tags

            • CES 2017
            • Election Results
            • eSports
          • Construction
            • All
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            • Real Estate
            Oman gears up for its first smart city

            Oman gears up for its first smart city

            Saudi real estate ‘booming’ on big office space demand

            Saudi real estate ‘booming’ on big office space demand

            Value of Saudi construction contracts jump 35% to $51.3bn: report

            Value of Saudi construction contracts jump 35% to $51.3bn: report

            Qatar to implement new strategies for real estate development

            Qatar to implement new strategies for real estate development

            Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

            Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

            Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

            Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

            Trending Tags

            • Energy
              • All
              • Oil & Gas
              • Power & Electricity
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              Clean energy technology manufacturing market to reach $790bln by 2030: IEA

              Clean energy technology manufacturing market to reach $790bln by 2030: IEA

              Egypt invests $64mln in electricity network development in South Sinai since July 2014

              Egypt invests $64mln in electricity network development in South Sinai since July 2014

              First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

              First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

              Oman’s refinery products output jumps by 44%

              Oman’s refinery products output jumps by 44%

              Iraq agrees to 30% stake in TotalEnergies $27bln energy project

              Iraq agrees to 30% stake in TotalEnergies $27bln energy project

              Oman signs $20bn hydrogen deals

              Oman signs $20bn hydrogen deals

              Trending Tags

              • Hospitality
                Qatar: Over 700 hotel keys added in Q1

                Qatar: Over 700 hotel keys added in Q1

                Jordan’s tourism income surges 88% as visitors flock to the country

                Jordan’s tourism income surges 88% as visitors flock to the country

                Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

                Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

                Leisure sector in Qatar stronger after World Cup 2022

                Leisure sector in Qatar stronger after World Cup 2022

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

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              Qatar eyes gas gains

              Oxford Business Group

              June 24, 2014
              in Oil & Gas
              0
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              The deep pre-Khuff formation off Qatar’s coast has become the focus of major test drilling and survey work, as energy firms step up their gas exploration efforts.

              A 2005 moratorium on Qatar’s vast North Field, which looks set to remain in place, at least in the short term, has given current offshore activity added momentum. However, while 2014 may well prove to be a defining year for the new blocks, initial results have been mixed, with early flow at only some of the wells showing promise.
                 
              Heightened activity
              Several companies are currently carrying out testing on the four blocks around Qatar’s main offshore North Field deposit, while some have already moved beyond the survey phase. GDF Suez began exploratory work at Qatar’s Block 4, after its second well tested positive for gas and condensates. The firm is now looking at how to develop the find with its partner, PetroChina, which has a 40% stake in the operation.

              The second quarter should also bring new activity in Block A, where Japan’s JX Nippon Oil and Gas Exploration Qatar is set to begin drilling offshore. The China National Offshore Oil Corporation (CNOOC) is also expected to embark on drilling work later this year, having announced plans to sink a well of up to 5000 meters in Block BC, following years of seismic studies. The well would mark Qatar’s deepest to date, although results might not be known until early next year.

              While Shell has already begun drilling in its designated area, disappointing results from its initial exploration led to speculation in the industry’s media that the global player could decide to relinquish its block. As it stands, surveys are scheduled to continue beyond 2014, with additional wells to be sunk if results indicate greater potential.
               
              Major find
              In March last year, the German player Wintershall, together with its partner, Mitsui Gas Development Qatar, announced that sizeable new deposits – which may hold up to 2.5trn cubic meters of natural gas according to estimates – had been identified in Block 4N, which is adjacent to the main North Field reserves and located in the Khuff formation.

              While the finds are much smaller than the 25trn cubic meters of deposits located in the North Field, Wintershall’s discovery is significant, marking the first major new gas deposit identified in Qatar since the early 1970s.

              The recent round of testing takes on added importance, given the question mark that remains over the suspension of activity at the North Field. While some reports have suggested that Doha could look at opening up the North Field reserves for further exploitation as early as next year, others suggest that the country may choose to wait, on the grounds that any rise in international demand for natural gas could be offset by higher increases in output elsewhere. In the end, however, it will depend on what further testing of the North Field shows.

              “Once all of these projects have been producing for a few years, then we will have enough data to assess the long-term potential, as well as the limitations of the North Field,” Mohammed bin Saleh Al Sada, the minister of energy and industry, told OBG.

              Qatar is all too aware that the coming years look likely to bring a surge in gas production, as new capacity in Australia, Africa and Russia comes online. Rising production, alongside the rapid development of shale gas in North America and elsewhere, may well force down prices.
               
              Meeting domestic demand
              Arnaud Berthet, the general manager of GDF Suez Exploration Qatar, questions whether local demand will take up all of the pre-Khuff deposits brought online.

              “Several options could be considered for the marketing of Block-4 gas, the domestic market being one of them,” he told OBG in April. “Qatar has an increasing demand for domestic gas and the Barzan project, due to come on-stream this year, will provide most of the supply for many years to come. Hence it is not clear whether the domestic market can absorb gas from Block-4.”

              The take from deposits identified by Wintershall is set to be channeled into the domestic grid, with the Block 4 North find earmarked for a key part in boosting local electricity production capacity, according to officials from the Qatar Electricity and Water Company.

              Initial indications are that the pre-Khuff deposits will be significantly less than those of the North Field. However, if commercially viable, they offer a good opportunity for industry players to strengthen their position in the Qatari market by tapping new areas, while also enabling them to keep a close eye on developments at the North Field.
              Oxford Business Group
              24 June

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