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
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Government Policy, Taxation & Regulation
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For more information on MENA Petroleum Bulletin, and a chance to win a FREE
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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

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