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Ninth-Time Lucky For Cyprus Gas Import Tender?
...illion BTU by 2025. According to the terms of the tender, first gas is to be delivered between 1 January 2016 and 30 June 2017, but that is looking increasingly unlikely and will most likely be revised if an agreement is reached with any of the bidders (MEES, 18 April 2014). ...
Volume: 59Issue: 01Published at Fri, 08 Jan 2016 -
Oman Slashes Subsidies In 2016 Budget, Announces Economic Reforms
.../B for 2017-18 and $60/B for 2019-20, and average oil output flat at around 990,000 b/d. Though output hit 1mn b/d for the first time ever in July it has since dipped (MEES, 11 December 2015), whilst higher domestic consumption has cut into gas exports (see p9). Challenges identified in the plan in...
Volume: 59Issue: 01Published at Fri, 08 Jan 2016 -
New Gulf Petchems Start-Ups In Shadow Of Aramco Mega-Projects
...tsubishi Jubail, S Arabia 2017 250 MMA, 40 PMMA QP/Shell (Al-Karaana) Ras Laffan, Qatar 2017 1,500 MEG, 300 linear a-olefins SABIC Ju...
Volume: 58Issue: 01Published at Fri, 02 Jan 2015 -
MENA Power Survey: Generators Seek Fuel Diversity; Capacity Up 3.4% To 370GW
...rbine (CCGT) plant. However, the gas squeeze has forced the UAE to pursue nuclear power, renewables and also coal. Central to the UAE’s planning are four 1.4GW nuclear reactors being built at Barakah in Abu Dhabi for start-up at a rate of one per year during 2017-20. Ras al-Khaimah’s Utico is building a 27...
Volume: 58Issue: 01Published at Fri, 02 Jan 2015 -
Saudi Platform Sinks
...gher recovery rates of up to 70% from existing fields while adding some 550,000 b/d of new capacity from the Shaybah and Khurais fields by 2017, though overall capacity is set to remain at 12.5mn b/d as some older reservoirs are given a rest. Safaniyah, which was discovered in 1951 and entered into pr...
Volume: 57Issue: 01Published at Fri, 03 Jan 2014 -
MENA Power Survey - Regional Capacity Rises 4.4% to 350GW In 2013
...mpletion in 2015 (MEES, 22 February 2013). It started work on two 1.65GW CCGT plants, PP13 and PP14, due online in 2017 (MEES, 29 November 2013). It also awarded a second supercritical technology oil-fired plant, 2.64GW Shuqaiq, due online in 2017 (MEES, 16 August 2013). SEC also awarded the 2.1GW Ra...
Volume: 57Issue: 01Published at Fri, 03 Jan 2014 -
Egypt: Momentum Stutters On Gas Price Uncertainty
...oducers $1.5bn of the roughly $6bn they were owed at the time. Since Prime Minister Hazim al-Biblawi announced the measure, companies including the UAE’s Dana Gas have confirmed that payments have been made. Cairo plans to repay a further $3bn in instalments by 2017. It hopes to make its hydrocarbon se...
Volume: 57Issue: 01Published at Fri, 03 Jan 2014 -
QP Petchem Flotation
...all of Total’s operations in Congo, which among others include the Moho North Project, slated to come online in 2015, and ramp up to 140,000 b/d by 2017. Based on recent production numbers, QPI’s working interest in Total E&P Congo’s output will be around 16,000 b/d of crude, and just under 5mn cf...
Volume: 57Issue: 01Published at Fri, 03 Jan 2014 -
Record Saudi Earnings Boost 2013 Budget Expenditure
...just accordingly, said Mr Reeve. “Current spending will remain reasonably strong, but capital spending will continue to be reined in,” he commented. Saudi economist Turki al-Huqail warned in a report published last month in Sharq al-Awsat that Saudi Arabia would need an oil price of $106/B by 2017 if th...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
Gulf Refiners Set For Major Crude Distillation Capacity Boost
...sociated petrochemicals project is at an early stage, although a completion target of fourth quarter 2017 has been set for the refinery. The project is a joint venture of Oman Oil Company (OOC) and Abu Dhabi’s International Petroleum Investment Company (IPIC). It will be designed to process heavy crude, wi...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
MENA Power Generators Pushed Diversity In 2012
...E’s sourcing of fuel and technology from a number of countries with uranium resources and nuclear technology (MEES, 21 December 2012). Delivery of fuel will begin in 2014-15 for the first of four 1.4gw to be built at Barakah by Korea Electric Power Corporation (Kepco) and due on-line during 2017-20. La...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
Korean Consortium Wins UAE Nuclear Energy Contract
...ur civil nuclear power plants in Abu Dhabi. The first of the four units, each with capacity of 1.4gw, is expected to begin providing electricity to the grid by 2017, with the others to be completed by 2020. Construction is scheduled to commence in 2012. The consortium also includes Hyundai, Sa...
Volume: 53Issue: 01Published at Mon, 04 Jan 2010 -
UAE Nuclear Energy Body Formally Established
...can develop this technology safely and efficiently, and begin producing electricity for the homes, businesses and people of the UAE in 2017.” The government expects electricity demand to double by 2020. The organization will be regulated by the independent safety body, the Federal Authority fo...
Volume: 53Issue: 01Published at Mon, 04 Jan 2010