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QP Petchem Merger
...16). Oil production has also been shaken up, with France’s Total being brought in to replace Denmark’s Maersk as operator of Al-Shaheen field from July 2017. Maersk’s 100% production sharing contract will be replaced by a joint venture involving Total (30%) and QP (70% – MEES, 1 July 2016). ...
Volume: 60Issue: 09Published at Fri, 03 Mar 2017 -
‘Low Cost’ Zohr Moves To Center Stage As Eni Slashes Upstream Spend
...ase. Eni says the “development plan envisages the start of production by the end of 2017,” a highly ambitious target. The terms of the development lease envisage output ramping up to 2.65bn cfd, more than half of the country’s current output, by 2019. But a final investment decision (FID) has yet to be ma...
Volume: 59Issue: 09Published at Fri, 04 Mar 2016 -
Libya: Companies Have Only Bad News, Apart From Eni
...FRASTRUCTURE …BUT BETTER NEWS IN ALGERIA There was better news for Repsol in Algeria, where Mr Imaz said in prepared remarks on the earnings statement that the execution of the company’s Reggane North project “progresses,” with first gas due in 2017. The project has suffered substantial delays since Re...
Volume: 59Issue: 09Published at Fri, 04 Mar 2016 -
Oman Downgrades Threaten Bond Issue
...nancial assets amounting to only about three years of spending.” The downgrade comes as Moody’s cuts its oil price assumptions for Brent to $33/B in 2016 and to $38/B in 2017, rising only slightly to $48/B by 2019. The downgrading of Oman comes at an inopportune time as the country seeks to tap the in...
Volume: 59Issue: 09Published at Fri, 04 Mar 2016 -
Iraq Adds Southern Storage Capacity In Bid To Ease Export Bottlenecks
...10. But midstream capacity has not kept pace with the upstream increments, which prompted the oil ministry to lower its expectations of plateau production from the main six producing fields in the south. Initially targeted to rise above 13mn b/d by 2017, the oil ministry has renegotiated the co...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Sonatrach And Gazprom Revive LNG Supply Talks
...LNG cargoes (see below) – it so far has only one LNG production facility, at Sakhalin north of Japan, though a second at Yamal in the Russian Arctic is slated for 2017-18 start-up (MEES, 13 February). The latest deal would likely consist in a short- to medium-term agreement for deliveries on th...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
MENA Nuclear Program Expanding, But Some Preliminary Schedules Sliding
...at Iran’s nuclear program has a military element. UAE’s ENEC says that Barakah-1 is 61% complete and expected to start generating in 2017 as scheduled. Construction is underway on the second and third reactors, while the site is being prepared for the fourth. Kepco has completed construction of th...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Warring South Sudan Factions In Last-Chance Saloon
...ly 2017. But peace cannot be delayed, and this should not detract from the formation of a transitional government by 9 July… Adhering to commitments made since last May to form a transitional government is the way to address the issue of government legitimacy,” Mr Cannell says. IMPLEMENTATION ST...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Egypt’s Qalaa Raises Capital
...the subsidiaries and business units that are best positioned to benefit from the economic recovery in Egypt. Qalaa Holdings energy investments include refining, energy distribution, power generation and renewables. The company key project is the $3.7bn construction by 2017 of secondary re...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Dubai’s DEWA Adding 700mw, Repays $1bn
...nerating capacity will reach 10.36GW of electricity.” M-Station expansion is one of three DEWA capacity additions under way. First is a 200MW solar photovoltaic (PV) plant, which is being built by Saudi firm ACWA Power and Spain’s TSK for start-up in April 2017 (MEES, 30 January). DEWA is also te...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Italy’s Eni In New Tirade Against Iraq Contract
...I gravity, which ranges from a heavier 28-29° API, a recent development as new streams have come online, to 32° API, he said. After 2017, Iraq plans to export two types of crude from its southern terminals, he says. West Qurna Too Storage capacity is needed to absorb the expected 750,000 b/d of...
Volume: 57Issue: 09Published at Fri, 28 Feb 2014 -
Two-Track Iraq Mega Projects Emerge
...rough the pipeline is expected by the end of 2017 or early 2018, he said. The project is divided into two parts, the 2.25mn b/d BOOT contract and a 1mn b/d section from Haditha to ‘Aqaba to be offered as an Engineering, Procurement and Construction (EPC) contract, which Mr Ashqar said had now been ap...
Volume: 57Issue: 09Published at Fri, 28 Feb 2014 -
Saudi Arabia On Track For 26% Refining Capacity Hike This Year
...zan n/a 400 2017 End-2017 Total 3,300 *All JVS Are With Aramco. ^First 200,000 B/D Cdu Started Sep 2013, Second Due To Start Up Mid-2014. Source: Saudi Aramco, ME...
Volume: 57Issue: 09Published at Fri, 28 Feb 2014 -
Asian Buyers Influence Key Oil Benchmarks
...teoric growth in US oil output makes exports of US light sweet crude inevitable by 2017, Platts quoted him as saying on 26 February. The debate over potential exports has already begun in Washington but the proposal to open up new markets still faces still opposition from some quarters concerned about en...
Volume: 57Issue: 09Published at Fri, 28 Feb 2014 -
Petrofac Bags $1.2Bn Oman Gas Deal
...ll as an associated condensate processing system, a power generation plant, a water treatment system and other associated infrastructure. Petrofac says it will complete work on the CFP by 2017 in time for startup of Khazzan production – first gas is slated for late 2017 under the development pl...
Volume: 57Issue: 09Published at Fri, 28 Feb 2014 -
Aramco Lines Up Samsung For Riyadh Clean Fuels Projects
...nura Clean fuels project due for completion in 2017 Source: MEES. Saudi Aramco and Chinese state firm Sinopec in January 2012 agreed to build a 400,000 b/d export refinery at Yanbu’ under their Yanbu’ Aramco Sinopec Refinery Company (Yasref) joint venture. The project ha...
Volume: 56Issue: 09Published at Fri, 01 Mar 2013 -
Saudi Aramco And Pertamina Sign MOU For 300,000 B/D Java Refinery
...utheast Asia,” a Saudi Aramco press release said. The Saudi firm is adding 1.2mn b/d to domestic refinery capacity by the beginning of 2017 (see table) and also has signed an MOU with China’s state-owned CNPC for a new 200,000 b/d refinery in China’s southwest Yunnan province. But the refinery drive is...
Volume: 55Issue: 09Published at Mon, 27 Feb 2012 -
Companies Mobilize In Iraq As Critical Elections Loom
...lti-million barrels a day oil capacity expansion to 2017. On 7 March Iraqis go to the polls for nationwide parliamentary elections, but post-election negotiations are likely to mean that a new government will not be in place until mid-June or even later. While there has been opposition to the oil co...
Volume: 53Issue: 09Published at Mon, 01 Mar 2010