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Decision on UAE Onshore Concession Imminent
...ich are set to produce 1.8mn b/d before the end of the decade under a long-existing expansion plan. In all, the UAE plans to expand its production capacity to 3.5mn b/d by 2017 from 2.8mn b/d currently. The commercial terms are far from ideal — Adnoc has raised its per barrel remuneration to $2.85 fr...
Volume: 58Issue: 03Published at Fri, 16 Jan 2015 -
Afren Slashes Kurdish Reserves, Shares Tumble
...peline, rising to 125,000 boe/d by 2017. It is not yet clear whether Afren’s latest troubles will put off potential suitor Seplat Petroleum Development of Nigeria, which in December declared its interest in acquiring Afren, or whether the fall in the company’s value will make it a more attractive pr...
Volume: 58Issue: 03Published at Fri, 16 Jan 2015 -
Morocco In 350MW Solar Awards As Part Of Diversity Plan
...chnology and will have an installed capacity of 200MW. Noor 3 will comprise a central CSP tower and an array of heliostats, with total output capacity of 150MW. Noor 2 and Noor 3 are scheduled to start up in 2017, while Noor 1 is due online this year. Masen says that Noor 2 and Noor 3 will be de...
Volume: 58Issue: 03Published at Fri, 16 Jan 2015 -
Qatar Shelves $6.5bn Al-Karaana Project, QP Rethinking Ethane Usage
...%) and Qapco (20%), which is itself owned by IQ (80%) and France’s Total (20%). No details of the new downstream project have yet been released. The Al-Karaana ethylene glycol complex had been scheduled to start up in 2017, and Al-Sejeel polymers production in 2018. Qatar’s current petrochemicals ca...
Volume: 58Issue: 03Published at Fri, 16 Jan 2015 -
Oman Adding Musandam Gas-Fired Capacity
...ofar governorate, where Raeco currently operates 19 diesel plants with a combined capacity of 68.5MW, the company plans to build a 50MW wind farm at Harwheel. The $200mn project to install 15-25 turbines was awarded to UAE renewables firm Masdar with a view to start-up in 2017 (MEES, 17 October 2014)....
Volume: 58Issue: 03Published at Fri, 16 Jan 2015