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Saudi Arabia Advances Carbon Capture Project
...ing raised to produce an additional 300,000 b/d of Arabian Light Crude by 2017. These two projects will complete capacity enhancement projects, allowing the OPEC kingpin to maintain production capacity at 12.5mn b/d without developing any new resources. That would also limit its ability to boost as...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
BG Lays Bare Egypt Woes But Improved Payments Offer IOCs Hope
...nded out in monthly instalments by 2017. Such payments – and Cairo is desperate to keep IOC interest in Egypt’s upstream – will receive a boost if an additional $4bn in rumored Saudi aid materializes. Whilst IOCs’ total Egyptian receivables remain around $6bn, for the four key producers for which ME...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
Iraq Hires Big Law Firm To Thwart KRG Export Plans
...t to rise to 60,000 b/d later in the year and reach a plateau of 170,000 b/d by 2017. The project was delayed amid doubts as to whether the Russian company would be allowed to remain in southern Iraq, after it farmed into three production-sharing contracts in the Kurdish region. One of the junior pa...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
Oman Shake-Up Eyes Spot Generator Market By 2017
...OMAN Oman Shake-Up Eyes Spot Generator Market By 2017 Oman plans to introduce competition among generators by introducing the Middle East’s first spot market for electricity from independent power producers (IPPs) by 2017. State utility Oman Power and Water Procurement Co...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
ADCO: BP Expects No DecisionFor At Least A Year
...e UAE. Politics is expected to play a part in the decision of who ends up with a stake in the prized concession, where production is set to increase to 1.8mn b/d by 2017 with a number of new European players invited to bid alongside Chinese, Japanese and South Korean players more likely to bid ag...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
Gulf Refiners Plan 1Mn B/D Additions By End-2014
...C awarded. Saudi Aramco Jazan, S Arabia 400,000 b/d. Under construction, due onstream 2017. OOC/IPIC (DRPIC) Duqm, Oman 230,000 b/d, due onstream 2018. FEED bids being st...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014