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Saudi Arabia Reaps Benefits Of Downstream Investment
...the ramp up of output from two new 400,000 b/d refineries during 2013-15. This brought Aramco’s total domestic refining capacity up to 2.90mn b/d. With last year’s record intake hit despite a run rate of just 75%, new refining records are very possible in 2017, although planned maintenance and up...
Volume: 60Issue: 08Published at Fri, 24 Feb 2017 -
Baghdad-Erbil Refining Deal Signals Pragmatism Winning Out
...eventing the onset of exports (MEES, 13 January 2017). While the current gas standoff highlights the potential obstacles to the Basra-Abadan pipeline, the second planned pipeline is far more ambitious. This would link the NOC fields in Kirkuk with Iran, most likely to the 110,000 b/d Tabriz re...
Volume: 60Issue: 08Published at Fri, 24 Feb 2017 -
Mubadala Restructured
...irate’s “most significant investment companies into one global investment power house,” and will provide “commercial opportunities across more strategic sectors all over the world.” The new company’s CEO Khaldun Khalifa al-Mubarak – legacy CEO of Mubadala – says he expects to begin operations in May 2017. ...
Volume: 60Issue: 08Published at Fri, 24 Feb 2017 -
Shell’s Take On LNG In 2016
...2016 LNG IMPORT GROWTH (MN T): EGYPT JORDAN, PAKISTAN ARE IN THE TOP 5. ALL HAVE SHAKY FINANCES... SOURCE: SHELL 2017 LNG OUTLOOK (USING DATA FROM IHS, MOODY’S, FITCH), MEES. ...PUSHING DOWN THE AVERAGE CREDIT RATING OF GLOBAL LNG BUYERS... ...AND BOOSTING TR...
Volume: 60Issue: 08Published at Fri, 24 Feb 2017 -
Egypt Looks To New Gas Finds To Ease Record Energy Deficit
...ping deficit that will likely get worse this year, Cairo is sticking with ambitious 2017 target start-up dates for its two key gas output expansion projects. Needless to say, gas output of 4.31bn cfd for 2015 was at a 10-year low; it has already fallen further, to 4.07bn cfd, and will almost certainly av...
Volume: 59Issue: 08Published at Fri, 26 Feb 2016 -
Algeria Boosts Its Share In Spain’s Gas Imports In 2015
...taling 2.67mn t/y, with Iberdrola, Endesa and Cepsa. The 0.75mn t/y contract with Iberdrola is expected to expire in 2017, with the other two set to end in 2022. SKIKDA STILL OUT Algeria’s 4.5mn t/y Skikda LNG complex remains out of action for maintenance, according to reports. The mega train was ru...
Volume: 59Issue: 08Published at Fri, 26 Feb 2016 -
Algeria’s Sonelgaz Eyes Foreign Loans To Bridge $10bn Funding Gap
...nerators and petrochemicals producers, not to mention export customers. However, gas supply prospects received a welcome boost last week with the start-up of four fields in the Southern Fields expansion program at In Salah. These are slated to provide a gross addition of 4.5 bcm/year by 2017, though th...
Volume: 59Issue: 08Published at Fri, 26 Feb 2016 -
IEA Warns Of Future Price Spike As Opec Divisions Deepen
...The supply glut of crude oil is set to extend into 2017 due to the resilience of non-Opec production, according to the IEA’s 2016 Medium Term Oil Market Report (MTOMR), released 22 February. But with global production capacity growth slowing over the report’s 2015-21 timeframe due to in...
Volume: 59Issue: 08Published at Fri, 26 Feb 2016 -
Middle East Refiners To Add 2.3mn B/D Capacity By 2022-IEA
...pected to complete its 146,000 b/d Ras Laffan 2 condensate splitter, while the 81,000 b/d expansion of Oman’s Sohar refinery – officially due for 2016 start-up – is expected “around 2017.” Saudi Arabia’s next big refinery, a 400,000 b/d plant at Jazan, is still slated for 2018 but “could well be delayed” as...
Volume: 59Issue: 08Published at Fri, 26 Feb 2016 -
Egypt Tying Up Deals For $2.2bn Dairut Power Plant
...art-up during 2017-20 (MEES, 29 January). Turbines for the three 4.8GW plants are being provided by Germany’s Siemens, under an €8bn ($8.81bn) contract. German trade credit insurance agency Euler Hermes is underwriting a €4.1bn, 12-year loan to the Egyptian government to help fund the Siemens de...
Volume: 59Issue: 08Published at Fri, 26 Feb 2016 -
Algeria: Mixed Shale Signals Highlight Deeper Economic, Political Disarray
...illed with production scheduled to begin in summer 2017. The Reggane Nord project covers several gas fields: Reggane, Azrafil Sud-Est, Kahlouche, Kahlouche Sud, Tiouliline and Sali. At In Salah Sud, BP expects production to start this year, with initial output of 500mn cfd. The project is designed to...
Volume: 58Issue: 08Published at Fri, 20 Feb 2015 -
Oman Ramps Up Scope Of Sohar Plans
...d Korea’s LG (30%), plans to develop the complex in two phases. The PTA plant will have capacity to produce 1.1mn tons/year, while the PET plant will comprise two 250,000 t/y units, the first of which is due for completion in late 2017. FEEDSTOCK LINKS The PTA unit will process pa...
Volume: 58Issue: 08Published at Fri, 20 Feb 2015 -
BP Predicts OPEC’s Second Coming
...0,000 b/d to 750,000 b/d. The $10bn ExxonMobil-led project is now scheduled for completion by 2017, having already been pushed back from 2015. “While the oil price crash has made the low-cost reserves in the UAE look even more attractive, it has also led to corporate belt tightening that may make it di...
Volume: 58Issue: 08Published at Fri, 20 Feb 2015 -
Oman: Musandam IPP Bids Sought
...velop 90MW of renewables capacity by 2020. Raeco recently awarded UAE renewables firm Masdar a contract to build Oman’s first wind farm. This will comprise around 20 wind turbines with 50MW capacity to be built at Harweel in the southernmost Dhofar governorate for start-up in 2017 (MEES, 17 October 20...
Volume: 58Issue: 08Published at Fri, 20 Feb 2015 -
Iraq Set To Launch Gas Bidding As Eni Slams Terms
...oken out about the problems facing Eni in Iraq, where it operates the Zubair oil field. Eni led the winning consortium to secure 20-year rights to develop the giant field under a TSC, bidding on the basis of a $2/B remuneration fee to raise production from 195,000 b/d to 1.2mn b/d by 2017, a level to be...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Jordan Takes Plunge With Israel Gas Deal
...tural gas reserves for export. A gas sales agreement to supply the Palestinian authority with gas from the 19 tcf Leviathan field, once production starts in 2016 or 2017, was signed last month. Noble says that the sales agreements with Jordan are evidence of the growing regional opportunities for it...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
MENA Nuclear Plans Move Forward
...REGIONAL MENA Nuclear Plans Move Forward The UAE is on track to become MENA’s second nuclear generator. It is on schedule to begin commercial operations at its first nuclear power plant in 2017, Emirates Nuclear Energy Corporation (ENEC) says. Korean contractor Kepco ha...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Soma, So Good For Turkey Coal Plant
...ocurement and construction (EPC) contractor for the plant, being built for Turkey’s Hidro-Gen Enerji under a contract awarded in December. Siemens says it will supply two 255MW steam turbines for August 2015-January 2016 delivery, with a view to starting commercial operation in April 2017. The company sa...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Saudi Arabia Increases Asian Focus With Japan Oil Storage Deal
...ntractors to secure the contract to build the UAE’s first nuclear power plant, the first unit of which will be operational by 2017 with completion of all three units by 2020. Down Under Investment Creation of an energy distribution hub in the Asia-Pacific rim might explain Abu Dhabi’s decision to en...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Contractor Shortage Sets Back Libyan Production Ramp-Up
...the centerpiece of Tripoli’s plans to increase output to 2.2mn b/d by 2017. However, when asked about the company’s future in Libya in the Q&A session following the company’s 6 February results presentation – and whether it was looking to sell its stake – Marathon CFO Janet Clark sounded si...
Volume: 56Issue: 08Published at Fri, 22 Feb 2013