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Richard Nolan <RichardNolan@smipublishing.co.uk< on 03/22/2001 10:18:12 AM
To: "'klay@enron.com.'" <klay@enron.com< cc: Subject: MENA E-News 22/03/01 Dear Mr Lay Issue 53 - 22nd March 2001 CONTENTS 1 - This Weeks E-News Stories 2 - Special Features in MENA Petroleum Bulletin for 2001 3 - Free issues of MENA Petroleum Bulletin 4 - Personalise Your E-news Stories 5 - Market Analysis Report News 6 - Author Opportunities with SMi's Market Analysis Report Series 7 - Conference News, Speaker Opportunities 8 - Feedback: Let us know how you feel we could improve this service Welcome to MENA E-News, delivering you the latest Middle East and North African oil, gas, power and petrochemical headlines to your virtual doorstep MENA E-news is your FREE personalised weekly news service from the publishers of MENA Petroleum Bulletin http://www.smipublishing.co.uk/mena-enews.asp Why is it E-News different? Because you can personalise your issues to make sure you receive the stories that matter to you. ******E-NEWS THIS WEEK******* OPEC ANNOUNCE 1M BBL/D CUTS Geneva - OPEC members agreed further production cuts this week, announcing a further 1m bbl/d decrease in member outputs. As a result oil prices pushed slightly higher with NYMEX crude trading at $26.80 and IPEC crude trading at 25.06. OPEC ministers have indicated that members have highlighted $25/bbl as a price that they feel comfortable with.The decreases per country were as follows: Algeria - 32,000 Indonesia - 52,000 Iran - 146,000 Kuwait - 80,000 Libya - 54,000 Nigeria - 82,000 Qatar - 26,000 Saudi Arabia - 324,000 UAE - 88,000 Venezuela - 116,000 Total - 1,000,000 ENERGY AFRICA LOOK TOWARD THE MOROCCAN DEEP Rabat - This week the MENA Petroleum Bulletin spoke with Andrew Windham, Group General Counsel for Energy Africa. Amina Benkhadra, General Manager of ONAREP (25%) added to the growing list of re-entrants to Morocco, signing a petroleum agreement with Energy Africa (63.75%) and Taurus Petroleum AB (11.25%). This agreement, taking effect March 1st 2001, concerned three exploration permits offshore Morocco collectively known as the Tiznit Offshore area. Energy Africa Morocco Ltd (operator), together with Taurus Petroleum (co-partner) will implement exploration work on the three permits of the Tiznit Offshore area covering approximately 6000sq.km. This is Energy Africa's second Petroleum Agreement covering acreage offshore Morocco, the first being the Cap Draa Haute Mer area where Energy Africa holds 20% equity bringing the total acreage held by it in the country to 18,000sq.km. Andrew Windham, said, 'the country has all the characteristics offshore which make potentially, for substantial discoveries. But at this stage it is very much untried and untested, so it is a very exciting place to be at the moment. We are in right at the start of some new plays.' For further details please see the April issue of the MENA Petroleum Bulletin. REPSOL MAKE 2ND LIBYA DISCOVERY London - Repsol YPF SA said it discovered oil at a second well during exploration in Libya. The well in the Murzuq Basin, 800km south of Tripoli, produced oil at a rate of 1,300bbl/d, the company said in a press release. Repsol is testing the site on behalf of a consortium including OMV, TotalFinaElf and Saga Petroleum. Repsol began searching for oil in the area in May 1998, when the Libyan government granted approval for exploration and production sharing arrangements with foreign companies. The companies currently produce more than 160,000bbl/d from the Murzuq Basin, said the company. AHMED ABDELKARIM CONFIRMED AS NEW HEAD OF NOC Tripoli - Further to reports this week from Libya Ahmed Abdel-Karim Ahmed has been formally appointed as Chairman of NOC, following reports that he had been removed from the position. Representing Libya at the OPEC conference in Geneva it was confirmed that Al-Badri has been appointed as Deputy Prime Minister for Social Security. The news will comfort foreign investors who feared that further upheaval would hinder an already slow ratification process, with approvals outstanding for three packages of blocks offered by NOC in late 2000. *******SPECIAL FEATURES FOR 2001****** The MENA Petroleum Bulletin is to initiate rankings and league tables for the top suppliers to the oil and gas sector. The first of these special features will be an objective survey of law firms and their involvement in the Middle East & North African region during 2000, and will appear in the April 2001 issue. The feature will rank the region's best legal practices involved in corporate finance, project finance, mergers and acquisitions and contractual law. Further surveys are planned for 2001 and will include analysis of the leading integrated contractors, the leading financial institutions and the leading independent contractors and suppliers. The full results and analysis of this market research will be available only to MENA subscribers. http://www.menapetroleum.com/ ******FREE ISSUES OF THE MENA PETROLEUM BULLETIN****** As a subscriber to MENA E-News we would like to offer you a two-month trial subscription to the MENA Petroleum Bulletin absolutely free! The MENA Petroleum Bulletin analyses the major developments in the region's oil, gas, power and petrochemical sectors. From Morocco to Iran the MENA Petroleum Bulletin delivers market commentary on the liberalisation and regulation of the region's oil, gas, power and petrochemicals markets. Each month subscribers to the MENA Petroleum Bulletin receive news of policy, regulation and liberalisation that directly impact upon the ability of you and your organisation to take advantage of the emerging business opportunities. With the suspension of UN sanctions against Libya and the ameliorating relationship between Iran and The West, there is no better time to take advantage of the myriad projects on offer. Our features, which are written by industry insiders and regional correspondents, provide in-depth news coverage, incisive commentary and vital market analysis. Each issue contains a country profile, project profile and an interview with a leading industry expert to ensure that you are kept informed of recent developments in the region. FREE with the MENA Petroleum Bulletin each month is the PROJECT TRACKER, which analyses the status of individual projects and tenders in each country. With over 32-pages of projects, the PROJECT TRACKER ensures that you are informed of licensing rounds, EOR projects, 'Buy-back' projects, FEED and EPC tenders as and when they happen. Complete with contact listings for each project the information you need is always at your disposal when you subscribe to the MENA Petroleum Bulletin. No other publication offers this service, and it is available to you FREE of charge when you subscribe. Please feel free to request your two free issues by forwarding your full postal address to Our Client Service department at mailto:menasample@smi-online.co.uk Alternatively, please visit our web site for further details at http://www.smipublishing.co.uk/mena-enews.asp *****PERSONALISE YOUR E-NEWS STORIES***** PERSONALISE your weekly copy of MENA E-News to receive the latest stories that interest you and Enron Corp. Simply reply to this e-mail with a selection of four of the following categories and we will guarantee that these sector headlines will be delivered direct to your in-box each week. Government Policy, Taxation & Regulation Oil & Gas Exploration, Drilling and Development Gas Transportation, Marketing & Sales Oil Pipelines & Transportation Oil Production and Global Crude Oil Markets Gas Production LNG Construction & Engineering Mergers & Acquisitions International Sanctions Power Generation & Transmission Petrochemicals For more information on MENA Petroleum Bulletin, and a chance to win a FREE bottle of champagne, please visit our web-site http://www.smipublishing.co.uk/mena-enews.asp Alternatively e-mail us at mailto:enquiries@smi-online.co.uk *****MARKET ANALYIS REPORT NEWS***** ALGERIAN OIL AND GAS REPORT Approximately 90% of Algeria's crude oil exports go to Western Europe, with Italy as the main market followed by Germany and France. Algeria accounts for one-quarter of EU gas imports. With the de-regulation and liberalisation of the European gas market, Algeria is ideally located to meet the gas demands of Iberia and the Eastern Mediterranean Basin. This will depend upon the degree to which foreign investment can be attracted. This Report provides a comprehensive examination of the oil and gas industry in Algeria, and the prime and potential markets for Algerian energy products. Specifically, the Report will provide you with a complete analysis on * All major oil and gas field/projects. * Southern European gas demand forecasts * Corporate Directory * BP Amoco's natural gas strategy * Country Risk Analysis The Report is essential reading for exploration and production, business development, procurement and contractors, across the oil, gas and power industries: everyone involved in, or interested in entering Algeria's energy sector. For further information please visit www.smipublishing.co.uk/algeria4.asp THE MIDDLE EASTERN POWER REPORT This market analysis report is designed to provide a comprehensive understanding of all aspects of the power industry in the countries of the Middle East. The report features energy profiles, industrial structures, supply and demand data and forecasts, policy and de-regulation issues of the private sector, as well as investment and future prospects within the following countries: * Iran * Iraq * Kuwait * Jordan * Oman * Saudi Arabia * Syria * UAE * Qatar * Yemen * Pakistan * Turkey * Egypt * Bahrain * Lebanon For more information on this report e-mail us at: mailto:enquiries@smi-online.co.uk Alternatively visit us at http://www.smipublishing.co.uk/middleeast3.asp LNG TRADE MARKET REPORT LNG Trade: A Review of Projects, Markets and Key Issues in the Changing World of LNG is a truly comprehensive overview of international supply and use of Liquefied Natural Gas today. The author addresses a number of key commercial, financial, technical and safety issues which are essential considerations for those seeking to participate in the development of LNG projects and in the changing business of LNG trade. This Report provides you and your company with * An introduction to LNG trade and technology * Factual information about world LNG terminals, shipping and supply contracts * A country-by-country analysis of LNG markets and projects * A review of LNG supply economics and project development * A discussion of the commercial, financial, engineering and safety issues relevant to LNG trade today You can order your copy of this essential report online and also find out about SMi's full range of Market Analysis Reports and Newsletters at: http://www.smipublishing.co.uk./lngtrade2.asp Or email mailto:enquiries@smi-online.co.uk ****AUTHOR OPPORTUNITIES WITH SMi's MARKET ANALYSIS REPORT SERIES**** SMi Publishing Ltd is a leading publisher of business to business information. Our Market Analysis Reports are 30,000 word rigorous analytical briefings providing timely industry and market forecasts. We are looking for authors to write for our Energy portfolio on topics such as: - Deep and Ultra-Deep Water Drilling - Smart Reservoirs - Coal-Bed Methane - EP Data Management If you or one of your colleagues are interested in writing a Report, please contact Victoria Smith: mailto:egray@smi-online.co.uk *****CONFERENCE NEWS***** North Africa's most exciting opportunities discussed at..... MOROCCAN & TUNISIAN ENERGY 4th - 5th April, The Hatton, London With the rapid changes to legislation the timing couldn't be better. SMi Conferences offer the essential guide to the latest market developments and opportunities in Morocco and Tunisia. All the key issues will be covered from the new legal landscape to practical case studies of existing successful E&P activities. You can't afford to miss this insight into market developments. As a busy professional, our event offers you the easy way to ensure you are aware of all the opportunities in this exciting new market in just two days. Not only will you benefit from this intensive programme, you will also hear the first hand experiences of those already operating in this flourishing market. Key speakers include: * Amina Benkhadra, Managing Director, ONAREP * Paul Ashton, Exploration Manager, Vanco Energy * John Sobehrad, President, Skidmore Energy * Derek Evoy, Manager, International Exploration and Exploitation, Petro-Canada * Jameleddine Lazreg, Promotion Department, ETAP For further information please visit: http://www.smi-online.co.uk/morrocoandtunisia5.asp alternatively please ring + 44 207 827 6110 MENA POWER 23 & 24th April 2001, Crowne Plaza Hotel, Dubai For further information visit http://www.smi-online.co.uk/middleeastpower2.asp The timing of this conference couldn't be better as the Middle East and North African region gears up to offer further independent power projects. SMi forthcoming conference titled Middle East North African Power, taking place 23rd and 24th April 2001 aims to bring together all levels of participants to explain their understanding and thinking for the future of Middle East and North African power development. Many countries experience blackouts and electrical faults on a daily basis, governments in the Middle East and North Africa are now increasingly pinning their hopes on the Independent Power Project run in conjunction with major International investors to solve this problem. Relaxation of Middle East law has allowed outside investment and many see this moving the Middle East power industry towards privatisation. Key Speakers at this event include: * Engineer Mahmoud Al-Ees, Head of Planning Studies, Ministry of Energy and Mineral Resources - Jordan * Dr Ranald Spiers, Regional Director Middle East & Africa, National Power Plc * Steve Wildman, Commercial Director, Alstom Gas Turbines * Tom Thomason, Project Manager, InterGen * Daniel J. Meier, Area Sales Manager, ABB High Voltage Technologies * Dr Thomas Stauffer, International Oil and Finance Consultant (Formerly with M.I.T) MENA Power takes place on 23rd & 24th April 2001 at the Crowne Plaza Hotel, Dubai. The full conference programme is available at http://www.smi-online.co.uk/middleeastpower2.asp or call + 44 (0) 20 7827 6110 As a subscriber to our MENA E-News service, I would like to highlight the following speaker, chairman and workshop leader opportunities available at our Algeria III conference: ALGERIA III 4 and 5 June 2001, Algiers, Algeria A review of SMi's Algerian Management Report can be found on: http://www.smi-online.co.uk/algeria.asp Our conference division is currently organising an event to examine Algeria's place in the oil and gas environment. We are looking to bring together a key audience of specialists, economists, academics as well as politicians and key decision-makers and would like to hear from anyone interested in participating in this conference as a speaker, chairman or workshop leader. Mailto: wparker@smi-online.co.uk Topics we are looking to tackle include, but are not inclusive of: Examining Algeria's petroleum code Algeria's role in the North African region Algeria's oil and gas industry Infra-structure developments Financing and operating issues Case studies of key Algerian oil fields Algeria's licensing rounds and how to succeed Legal issues Political and operational risk issues This conference is taking place on the 4 - 5 June 2001, in Algiers. A review of SMi's Algerian Management Report can be found on: http://www.smi-online.co.uk/algeria.asp The Aims & Objectives of the Conference Algeria has always attracted a large amount of interest from the international oil and gas community. With a new licensing round under discussion and petroleum code under review, this conference aims to act as a forum for all aspects of the oil and gas industry to come together and discuss the future development of Algeria's oil and gas sector. Moving away from the traditional investing in format of conference, this forum aims to look at specific field studies and also the future markets and developments within the Algerian oil and gas industry. It will focus on the commercial opportunities that exist in helping Algeria reach these markets and allow for strategic analysis of the impact of this supplier. It will examine current MENA energy flows and how they might look in the future with Algeria asserting its role as the Mediterranean's major producing nation. If you would like to receive further information on this conference or discuss your participation in more detail, please contact Wendy Parker the conference organiser on the numbers below. Wendy Parker Conference Producer Tel: +44 (0)20 7827 6130 Fax: +44 (0)20 7827 6131 Email: wparker@smi-online.co.uk ******YOUR FEEDBACK******** We hope you have found this weeks copy of E-News beneficial. We are always keen to receive your comments and ways you feel we could improve this service. mailto:feedback@smipublishing.co.uk Regards, Richard Nolan PLEASE FEEL FREE TO FORWARD THIS MESSAGE ON TO A FRIEND OR COLLEAGUE YOU FEEL IT WOULD BE OF INTEREST TO _________________________________________________________ This mail was not sent unsolicited if you would prefer not to receive information from us by e-mail please reply placing the word "Remove" as the subject _________________________________________________________ You are currently subscribed to MENA E-News as: [klay@enron.com.]
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