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Iraq: Record Oil Exports But Infrastructure Bottlenecks Remain
...ojects in the south that production would have risen above 4mn b/d had the Kurdistan Regional Government (KRG) honored its export commitment of 400,000 b/d for 2014 as per the still stalled federal budget – implying 3.6mn b/d of ‘federal’ production. Basra Terminal Upgrade The exports, which re...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Oman Targeting Steady Crude Output Through 2018
...dest hike marks the end of the road in Oman’s plans to raise production. Officials say the sultanate is planning to restrict output to no more than 960,000 b/d over the same 2014-18 period in an effort to manage its increasingly challenging resources. “Average production of crude oil [and co...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Jordan Advances Gas Strategy With Shell LNG Supply Deal
...olence in Iraq’s Anbar province (see graph and MEES, 10 January 2014). Planned Iraq-Jordan Crude & Gas Pipelines Israeli Gas Challenge On a logistical level gas from neighboring Israel’s burgeoning offshore discoveries would be the easiest medium-to-long-term way to sate Jo...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Egypt Eyes Iraqi Gas
...mand (forecast at 5.57bn cfd for the 2014-15 financial year). Clearly much larger Iraqi imports would be needed to make a significant dent in Egypt’s looming gas shortage. In addition, whilst Iraq currently flares some 1.2bn cfd of gas, two thirds of wellhead output, Baghdad is looking to prioritizing a ma...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
KRG Boosts Oil Sector Integration With Bazian Refinery Expansion
...r 80 100 2014 Bazian Qaiwan 34 84 2018 Tawke DN...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Saudi Petchems Producers Creating Their Own Customer Base In Clusters
...Capacity SABIC 2014 140,000 t/y ABS SABIC/Mitsubishi 2014 250,000 t/y MMA, 40,000 t/y PMMA Sipchem 2014 63...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Algeria Confirms Six CCGT Awards, Plans New Solar, Mobile Units
...ectricity is expected in summer 2014. Meanwhile, Sonelgaz is evaluating projects for a total 25GW of solar capacity at Djanet (3MW), Tindouf (9MW) and Tamanrasset (13MW). Further projects in the 400MW program are to be announced soon. Sonelgaz says it has made “significant progress” recently on a 12...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
BP Slashes $700mn From Egypt Receivables
...mporary.” BP says is has secured an extension to September 2014 for its appraisal and exploitation agreement for the Bourarhat Sud block southwest of In Amenas. In an indication that the post-In Amenas security fallout is far from over, BP took the security-related decision to suspend activity at Bourarhat in...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
TAQA Buys More Indian Hydro, CEO Steps Down
...ctor Pension Investment Board has 39% and Indian private equity firm IDFC Alternatives 10%. The acquisition is expected to close in 2014, subject to regulatory and third party approvals. The Baspa Stage II and Karcham Wangtoo plants in the northern state of Himachal Pradesh have combined generating ca...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Tunisia Pledges Cuts To Avoid Economic ‘Catastrophe’
...crifices. This could be through rationalizing subsidies, but without touching the poorer classes,” he said in an interview with state television. He added: “We expected to borrow TD7bn ($4.4bn) in 2014,” but because of the economic crisis and the steep rise in the deficit, Tunisia’s foreign borrowing needs wi...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Moody’s Projects Firm GCC Growth in 2014
...REGIONAL Moody’s Projects Firm GCC Growth in 2014 Gulf Cooperation Council (GCC) economic growth will remain firm overall in 2014 at 4.3% supported by the non-hydrocarbon sector, but inflation will rise, Moody’s Investors Service says in a 4 March report. GCC countries ov...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
IMF: Cyprus On Track
...gures. This is almost two percentage points less bad than the figure given in the Troika’s previous review two months’ earlier (see graph). But 2014 growth estimates have been revised down to -4.8% from -3.9% in September’s first review (MEES, 20 September 2013). For 2013, private consumption co...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014