Message-ID: <8929602.1075840242418.JavaMail.evans@thyme> Date: Thu, 12 Oct 2000 05:38:00 -0700 (PDT) From: richardnolan@smipublishing.co.uk To: klay@enron.com Subject: MENA E-News 12/10/00 Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Richard Nolan X-To: "'klay@enron.com.'" X-cc: X-bcc: X-Folder: \Kenneth_Lay_Dec2000\Notes Folders\Discussion threads X-Origin: LAY-K X-FileName: klay.nsf Dear Mr Lay Issue 32 - 12th October 2000 CONTENTS 1 - This Weeks E-News Stories 2 - Conference News, 2 for 1 Delegate Places 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 - 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******* SONATRACH ASK FOR PATIENCE OVER OZ2 PIPELINE CONTRACTS Algiers - Sonatrach has asked bidders to extend until the end of 2000 offers made for the $1bn OZ2 pipeline system, designed to extend the capacity of the crude oil corridor from the central el_hamra oil field to the Arzew terminal west of Algiers. The extension will allow the company more time to evaluate the bids About six companies/groups are understood to be bidding for the three contracts which are estimated to be worth $220-250m each. They include CCC; a consortium of Bonatti, with Entrepose and Dragados & Construcciones and Bechtel. The first two contracts involve the construction of the pipelines with a third contract for six pumping stations. The recent political changes in Algeria, combined with internal administrative changes in Sonatrach, are said to have contributed to the delay. OIL PRICES RISE OVER ISRAELI CONFLICT London - Oil prices soared on global markets last night following rising tensions in the Middle East. London Brent blend futures rose 72 cents to $31.48 but remains short of a 10-year high $34.98 touched last month. US light crude was up 92 cents at $32.79 helped by speculators returning to buy oil after a two-week sell-off. Following Saudi Arabia's warning that Riyadh and other Arab states would not "watch with their hands tied" if Israel attacked Lebanon or Syria, the cost of a barrel of crude went up almost a dollar to $32.79 (o22.60) in New York. Earlier the International Energy Agency set alarm bells ringing when it said the West was heading into winter with inventories well below the seasonal norm. Oil prices have retreated from their 10-year peaks last month after pressure from the G7 industrial nations on producers to pump more crude and the US decision to release 30m barrels from its strategic reserve. After briefly dipping below $30, prices have risen amid concerns that demand will exceed supply in the coming months, particularly if the violence in Israel leads to a broader conflict. Oil prices are seen as a threat to the prospects of low inflation in the West, and yesterday's increases spilled over into bond markets, where worries about Wall Street and energy shortages had already driven yields higher. A wave of violence between Palestinians and Israelis over the past 12 days has killed at least 90 people, mostly Palestinians. BUY-BACK TERMS SET TO CHANGE Tehran - In an interview with Petroleum Argus this month, Mehdi Hosseini, former Deputy Oil Minister for international Affairs and now Managing Director at Kala, the procurement arm of NIOC based in London, indicated that future negotiations with foreign oil companies will take place using more favourable terms. NIOC is reportedly close to implementing a more attractive buy-back formula. Since the Islamic Republic re-opened its doors to foreign oil companies in 1997, executives had quietly bemoaned the buy-back formula as offering small capital returns on huge investments. Despite this, Iran's energy buy-back projects have so far attracted close to $10bn capital to the Iranian energy sector. NIOC argues that it is their duty to negotiate terms favourable to its population rather than to foreign entities. It now appears that in the face of increased competition for foreign investment from its Gulf neighbours, NIOC is prepared to compromise. For further details please visit http://www.petroleumargus.co.uk TURKIOG' 2000 UPDATE London - Please be advised that time is running out to register for TURKIOG' 2000 conference in Istanbul on 16th and 17th of November. The event, supported and endorsed by the Ministry of Energy & Natural Resources, Botas, Tupras, TPAO, Directorate of Petroleum Affairs and Petkim, has now attracted in excess of 600 delegates according to the organisers, ITE Exhibitions. The supporting exhibition has attracted the participation of over 100 companies, all of whom want to participate at what will prove to be the country's main oil and gas event of 2000. The MENA Petroleum Bulletin is pleased to offer you the chance to join us at the event and hear the latest presentations from all of the state entities and foreign companies involved in the growing oil and natural gas markets of Turkey. For further details please send an e-mail to oilgas@ite-exhibitions.com or visit their website at http://www.ite-exhibitions.com *****CONFERENCE NEWS***** 2 FOR 1 DELEGATE PLACES B2B MARKETPLACES IN OIL AND GAS 1 & 2 November 2000, The Hatton, London Find out about the successes and experiences of those already operating in B2B Marketplaces in Oil and Gas at SMi's forthcoming conference. This event will include presentations from: * Jeff Bennett, Global Procurement Manager, Amerada Hess * Ash Bakshi, V.P. & Managing Director, Petrocosm (International) * Robert Moony, CEO, Envera * Steve Pottle, Chief Executive, EnergyPrism * Bill Coates, E-commerce Co-ordinator, Schumberger Oilfield Services Other issues to be covered include effects of e-commerce on traditional procurement and logistics, e-procurement trends, development and implementation of an e-procurement strategy and many case studies of projects taking place during 2000. There will also be two half-day interactive workshops following the conference. The first 'Becoming an Integral Part of the Oil and Gas E- Business Agenda' will enable delegates to test and evaluate e-market decisions before roll out using Pagoda's dynamic e-market simulation tool. The second 'Human Resources Procurement On-line for Oil and Gas' will discuss how to tap into a low cost, global human resources base through e-commerce. The full conference programme is available at http://www.smi-online.co.uk/B2Benergy.asp Or contact our delegate co-ordinator Bethan Jones bjones@smiconferences.co.uk or telephone + 44 (0) 20 7827 6176 MIDDLE EAST GAS 13 & 14 January 2001, Dubai Maximise the opportunities offered by the global increase in demand for natural gas. SMi's Middle East Gas Conference offers you the opportunity to be up to date with the latest market developments in just two days. The conference will address key issues including Oman's Gas Reserves, the Iranian buy back situation and potential investments in Saudi Arabia. But that's not all, the conference also includes practical case studies from those already established in the area. These case studies include UAE's Dolphin Project, Qatar's role in the Middle East gas market and LNG projects in Oman. The excellent speaker line up includes; * Dr Peter Wells, Managing Director Middle East, Lasmo * Sheikh Ahmed Al-Maskari, Head of Public Affairs, Oman LNG * Naser Al Jaidah, Director for Oil and Gas Ventures, Qatar General Petroleum Company * Dr Ranald Spiers, Regional Director Middle East & Africa, National Power * Edward Walshe, Senior Vice President LNG, BG International * Abdulla Khouri, Communications Manager, UAE Offsets Group * Roger Haines, Deputy Chairman, Gulfstream Resources * Marie Francoise Chabrelie, General Secretary, Cedigaz There will also be plenty of opportunities to meet the key players and discuss market developments and potential. The high quality of our speakers means you can be confident of gaining insight from the experts. The full conference programme is available at http://www.smi-online.co.uk/transportgas7.asp Or contact our delegate co-ordinator Bethan Jones bjones@smiconferences.co.uk or telephone + 44 (0) 20 7827 6176 ******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@smipublishing.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@smipublishing.co.uk *****MARKET ANALYIS REPORT NEWS***** FISCHER-TROPSCH GTL REPORT, PROSPECTS AND IMPLICATIONS SMi's Fischer-Tropsch GTL Report is the first report of its kind on the market. It provides a concise and informed understanding of Fischer-Tropsch technologies. It is aimed at the non-technical executive or consultant who needs to keep up to date with new technologies for forward planning. It provides you with a description and analysis of: * what is Fischer-Tropsch GTL technology, in layman's terminology * the commitments of the principal companies and governments involved in Fischer-Tropsch developments * the main economic, commercial and financial factors which determine the viability of Fischer-Tropsch GTL projects * the competitive relationship between Fischer-Tropsch GTL, Liquified Natural Gas and Natural Gas Hydrates * potential impacts of the new technology on the oil industry - both upstream and downstream * forecasts for the growth of Fischer-Tropsch GTL production up to 2005, and its likely growth up to 2010 and 2015 * the impact of Fischer-Tropsch technologies on pertinent political and environmental questions: issues of climate change and global geopolitical relationships For more information on this report e-mail us at: mailto:enquiries@smipublishing.co.uk Alternatively visit us http://www.smipublishing.co.uk/gastoliquidsreport1.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@smipublishing.co.uk Alternatively visit us at http://www.smipublishing.co.uk/mena-enews.asp ****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 Elizabeth Gray: mailto:egray@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.]