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Algeria Looks To Get Refining Expansion Back On Track With FEED Awards
...at were to be four 5mn tons/year (108,000 b/d) refinery projects – ie 20mn t/y, the equivalent of two-thirds of current capacity – for start-up from 2017. By mid-2015 the plan had slipped to two 108,000 b/d refineries and one 3mn t/y (64,000 b/d) plant, with start-up anticipated “beyond 2020.” No...
Volume: 59Issue: 10Published at Fri, 11 Mar 2016 -
Egypt Eyes 11.6GW Of Coal-Fired Power, Easing Pressure On Gas Supplies
...16) 0.65 Oil Abu Qir (2017) 0.18 Gas 6th of October* (2017) 0.34 Gas South Helwan (20...
Volume: 59Issue: 10Published at Fri, 11 Mar 2016 -
Iraq, Nigeria Outages Lead Opec Production Fall
...recast, and now expects it will bottom out below 8mn b/d in Q3 2017 (see graph). OFFICIAL US CRUDE OUTPUT FORECAST REVISED DOWN BY A FURTHER 270,000 B/D FOR 2017 IN EIA’S LATEST ENERGY OUTLOOK, END-2016 FIGURE NOW 1.44MN B/D BELOW YEAR-AGO PREDICTION (MN B/D BY DATE OF FORECAST) SOURCE: EIA SH...
Volume: 59Issue: 10Published at Fri, 11 Mar 2016 -
BP: Mideast Moves To Center Stage In Cash-Constrained Times
...ojects where appropriate in response to the current business environment.” BP expects Capex of between $17-19bn for 2016 and 2017, a modest-to-zero reduction on 2015 Capex of $18.7bn, down by 18% from 2014’s $22.9bn. BP says it also expects to make $5-8bn from divestments by 2017. BP’s 2015 spend in...
Volume: 59Issue: 10Published at Fri, 11 Mar 2016 -
Saudi Arabia Eyes International Loan But Risks Credit Downgrade
...llows Moody’s recent decision to lower its price assumptions for Brent to $33/B for 2016, $38/B for 2017 and $48/B for 2019. The agency now “expects [prices] to remain low for several years.” Moody’s says that it expects to complete these reviews “within two months,” ie by early May. The review pe...
Volume: 59Issue: 10Published at Fri, 11 Mar 2016 -
Iran Could Face Major Banking Crisis Post-Sanctions
...rch 2017. The new five-year plan will then start, by when the government expects its financial positon to have improved after the lifting of sanctions. While no reason was given for the delay in launching the new plan, the delay gives the Rohani administration more time to review the outcome of the cu...
Volume: 59Issue: 10Published at Fri, 11 Mar 2016