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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