1. Saudi Aramco IPO Plans Progressing But Key Challenges Lie Ahead

    ...$2-3 trillion, implying that a 5% listing could raise $100-150bn, dwarfing the $25bn secured by Chinese internet retailer Alibaba in the world’s largest IPO in 2014 (MEES, 11 November 2016). NEW YORK, RIYADH &… Key to the IPO’s success will be the location of the listing, and there have be...

    Volume: 60
    Issue: 08
    Published at Fri, 24 Feb 2017
  2. Abu Dhabi Finalizes Onshore Concession With Chinese Partnership

    ...anayel, along with one field under development - Jumaylah. Projects are underway to increase NEB output to around 230,000 b/d. In 2014, Italy’s Maire Tecnimont was awarded a $2.25bn EPC contract to boost Al Dabb’iya output to 145,000 b/d by 2018 and the project is still underway. South Korea’s GS En...

    Volume: 60
    Issue: 08
    Published at Fri, 24 Feb 2017
  3. Kuwait: Subsidy Row Presages Return To Disruption As Usual

    ...s poor performance on another project. This is the construction of a 100,000 b/d gathering center (GC-31) for Kuwait’s northern fields. The KD250mn ($810mn) contract was awarded in July 2014 – Petrofac and India’s Larsen and Toubro were awarded two other gathering centers – with a planned completion of...

    Volume: 60
    Issue: 08
    Published at Fri, 24 Feb 2017
  4. LNG: Growing Mideast Demand Key To Absorbing Rising Global Supply

    ...T) *ALL FROM TRINIDAD & TOBAGO SINCE 2014. SOURCE: CEDIGAZ LNG SERVICE, GIIGNL, SHELL, MEES CALCULATIONS.   EGYPT IS TOP MENA BUYER: VOLUMES MORE THAN DOUBLED TO 6.3MN TONS, 60% FROM QATAR   KUWAIT IMPORTS: QATAR SUPPLIED JUST OVER HALF 2016 VOLUMES   BY SUPPLIER: QA...

    Volume: 60
    Issue: 08
    Published at Fri, 24 Feb 2017
  5. Algeria Eyes Refinery Bidders As Gasoline, Diesel Consumption Dips

    ...7,000 b/d of crude in 2016, according to official data provided to Jodi. This is the same volume as for 2015 and 2.7% down from peak throughput of 593,000 b/d in 2014. While Algeria’s total products consumption – which fell 2.2% to 403,000 b/d in 2016 from a record 412,000 b/d in 2015 – is significantly be...

    Volume: 60
    Issue: 08
    Published at Fri, 24 Feb 2017
  6. Baghdad-Erbil Refining Deal Signals Pragmatism Winning Out

    ...G). Mr Luaibi says the agreement will allow the production of badly needed fuels for the Nineveh, Kirkuk and Diyala provinces. These include areas liberated from Islamic State (IS) jihadists. Iraq has suffered acute products shortages since IS badly damaged the 310,000 b/d Baiji refinery in June 2014. Ba...

    Volume: 60
    Issue: 08
    Published at Fri, 24 Feb 2017