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Algeria Set For LNG Capacity Hike
...ntract to import LNG equivalent to 4bcm/y of gas. The deal between Turkish state firm Botas and its Algerian compatriot Sonatrach was first inked in 1995 and had been due to expire in 2014. Yildiz also expressed a desire that ultimately volumes could be increased to 6bcm/y, an option for which is...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Higher Oil Prices Adopted In 2013 Budgets
...ojections. Unsurprisingly, it has not disclosed an oil price. Iran is increasingly isolated by US and EU sanctions, and its oil exports have tumbled which will make for fraught 2013 budget deliberations – its 2013 budget will run from 21 March 2013 to 20 March 2014. While the outlook for GCC pr...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Aramco Eyes Seven-Well Red Sea Drilling Drive
...e on stream in 2014 – are all non-associated offshore gas fields. By contrast, exploration onshore in the Empty Quarter has proved largely disappointing. Aramco’s next onshore gas increment, the 75mn cfd Midyan field, is of considerably more modest proportions. The shift offshore and to non-as...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
UAE Misses 3Mn B/D Crude Target, Set To Become Net Gas Importer
...ergy pipeline, LNG via Dubai, and plans to import 600mn cfd of LNG at Fujairah by 2014, and this is set to increase. At the same time the UAE exports LNG to Japan from Abu Dhabi. According to BP’s Statistical Review of World Energy the UAE has 6 trillion cu ms of proved gas reserves – the se...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Gas Prices To Double For Omani Industries
...dustrial gas consumers and reached an agreement to amend prices as follows: From $1.50/mn BTU in 2012, it will rise to $2/mn BTU in 2013, and further to $2.50/mn BTU in 2014,” the minister was quoted as saying by the local media. “In 2015, the price of natural gas would be $3/mn BTU, and thereafter it wo...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Turkey’s EÜAŞ And TAQA Sign Powergen/Mining Deal
...10 TAQA awarded an engineering, procurement and construction (EPC) contract for the expansion to Japan’s Mitsui and Company and South Korea’s Daewoo Engineering and Construction. The spokesperson said that commissioning of Units 5 and 6 is scheduled for completion in December 2013 and April 2014 re...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
AES Jordan Awards Tri-Fuel Plant Contract To Wärtsilä
...avy fuel oil (HFO), distillates or natural gas as fuel. It is scheduled to be operational by July 2014. Jordan’s gas supply from Egypt has been erratic since the overthrow of the Mubarak regime in early 2011, forcing it to keep its options open as it pushes to expand generating capacity. Wä...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Iran Oil Ministry Refutes Export Plunge
...l, oil products and condensate. According to Mr Kateb, for the next Iranian year (21 March 2013-20 March 2014) the Oil Ministry has reportedly forecast exports of approximately 1.5mn b/d, significantly lower than 2011’s 2.2mn b/d. The International Energy Agency (IEA) in its latest monthly oi...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Jordan 2013 Budget Targets Projects, But Also Austerity
...e government’s policy of curbing operational costs, especially for energy consumption, water, telecoms and travel expenses. He expects the fiscal deficit to fall to 4.8% of GDP in 2014 and to 3.2% in 2015. Loss Of Egyptian Gas Increases Fiscal Deficit Jordan is currently facing hard ti...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Challenges for Libya’s upstream sector
...verse impact on the country’s production profile. Upcoming Projects In Libya Company Date Field, Location ‘000 B/D Eni 2014...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013