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Oman Desalination Contracts Signed
...mbined capacity of 530,000 m3/day – equivalent to more than 70% of Oman’s current desalination capacity of 740,000 m3/d – are among a number of projects with a combined desalination capacity of 730,000 m3/d which OPWP intends to bring online during 2017-19. The 280,000 m3/d Barka Phase 4 project will be Om...
Volume: 59Issue: 11Published at Fri, 18 Mar 2016 -
Will Oil Price Rebound Delay Market Balance?
...non-Opec output projections in general and those for the US in particular (see graph, MEES, 11 March). The US government’s Energy Information Administration’s latest Short Term Energy Outlook, released last week, revised down its projections of 2016 and 2017 crude output for the fifth month ru...
Volume: 59Issue: 11Published at Fri, 18 Mar 2016 -
Oman Presses On With Key Energy Projects Despite Revenue Slump
...l-time record of 73; in the MENA region only Saudi Arabia is running more rigs (see graph and MEES, 11 March). Some 10 of these rigs are working on the BP-led Khazzan gas project which the major says is on target for first gas in 2017 ramping up to 1.5bn cfd plateau from 2020 (MEES, 11 March). LI...
Volume: 59Issue: 11Published at Fri, 18 Mar 2016 -
Kuwait Plans Economic Reforms In Light Of Revenue Collapse
...soline in Kuwait. Additionally the reform plan envisages the rationalization of water and electricity subsidies, but that this will not happen before 2017, he notes. Kuwait’s latest budget envisages spending on subsidies of KD2.9bn ($9.6bn) for the 2016-17 financial year, down 22% in real terms (19% in...
Volume: 59Issue: 11Published at Fri, 18 Mar 2016 -
Iran Beats The Odds With 20% Gas Output Hike
...veloping Iran’s gas sector, and almost doubling the country’s output from around 165 bcm/year twelve months ago to 330 bcm/y by 2017. The plan, unveiled last year, has earmarked $21bn for new gas processing capacity, $34bn for upgrading domestic pipeline infrastructure, $3.5bn to extend the di...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
KRG Keeps The Faith With Baghdad But Cash Still Short
...a $250mn bond issue due to mature in 2017 to agree to certain amendments to the notes, as it anticipates a fall in the Book Equity Ratio as a result of the planned impairment charge for Akri Bijeel, which it no longer considers a core asset. The UK-listed company remains in negotiation with a number of...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
GE Hints At $2bn-Plus Egypt Megadeal
...geria deals as some of its largest ever contracts. The equipment supply part of the agreement covered six new combined cycle gas turbine plants, a new open cycle plant and two mobile power capacity projects, which will reach full capacity in 2017. Meanwhile, Sonelgaz (51%) and GE (49%) are bu...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
Turkey: CCGT Boost Takes Capacity Above 68GW
...a 22.25GW capacity program being built or planned in Turkey. By 2017 Turkish capacity is expected to reach 72.29GW, through the completion of a further 4.13GW of gas-fired, hydropower, renewables and coal-fired plants. Beyond that, the Ministry of Energy is pushing a major nuclear development pr...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
Qatar-Japan Consortium Targets Turkey Coal-Fired Power
...I is already building a 510MW coal-fired plant at Soma in western Turkey, which is scheduled to start up in 2017 (MEES, 21 March 2014). Turkey currently has 12.5GW of coal-fired capacity out of a total 67.6GW. Besides the Soma and Afsin-Elbistan projects, the Turkish government has also signed a pr...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
Algeria Confronts Libya Spillover Threat
...ned Sonatrach taking up its mandatory 51% stake. The partners will assess the prospectivity of the block, with the first exploration phase expected to last up to 2017, including the drilling of two wells and seismic acquisition. The award also marked the return of Anglo-Dutch Shell into Algeria’s up...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
BP Stakes Out Key Role In Egypt’s Gas Renaissance – If The Price Is Right
...fore the end of April,” the statement said. WND FIELDS BP has aimed to save time and money at WND by taking advantage of Egypt’s existing infrastructure. It says that 2017 start-up will be possible by developing the Taurus and Libra fields subsea and tying them in offshore to the existing BG-op...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
OPEC Faces $750bn Losses From Market Share Strategy
...stained Price Defense Strategy Market Share Strategy 2015 2016 2017 2018 2019 2020 20...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
Gulf Petchem Megaprojects Eye Shift From Ethane Feedstock
...A, polyols from 30mn cfd ethane, 3mn t/y naphtha SABIC/Celanese Jubail, S Arabia 2016 50 polyacetal QP/Shell (Al-Karaana) Ras Laffan, Qatar 2017...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Morocco Looks To Wind To Lessen Energy Imports
...pacity is coal-fired, 24% oil-fired and 12% gas-fired. ONEE last year announced a plan to raise generating capacity to 11.28GW by 2017, with 45% of new capacity (2.09GW) to be renewables (MEES, 4 October 2013). This is about saving cash, rather than the planet: Rabat also plans to add coal-fired ca...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Wintershall To Partner BP, Mubadala For North Africa Expansion
...ggane 19.5% Repsol, S’trach, Edison 285mn cfd 56mn cfd $585m 2017 Libya: NC193,195 100% n/a 30...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Saudi Aramco Eyes 550,000 B/D Expansion
... SAUDI ARABIA Saudi Aramco Eyes 550,000 B/D Expansion State-oil firm Saudi Aramco will add 550,000 b/d of production capacity at its currently-producing Khurais and Shaybah fields by 2017, CEO Khalid al-Falih announced on 5 March. These are the first major up...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
End In Sight For Oman, BP Tight Gas Negotiations
...most one year pushing the projected start up to the second half of 2017. The engineering, procurement and construction (EPC) contracts were originally meant to be tendered in July last year, analyzed in 4Q12 and awarded last month; but disagreements on the key issues have resulted in lengthy delays. BP wa...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Algeria Preparing Tender For Biskra And Tiaret Refineries
...ce-president Abdelkader Benchouia. Addressing reporters on the sidelines of an exhibition in Oran, he said the two “same specification” refinery projects – at Biskra and Tiaret – are part of a $14bn program to build four new refineries, all of which are scheduled to enter service in 2017. Refineries at...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Bahrain Refinery Study Set For June Completion
...stream by 2017 and the last one by 2020.” MEES understands that the cost of the expansion will be $5-9bn, depending on the finalized scope of the project. In January, Bapco appointed HSBC and BNP Paribas to advise the company on the refinery expansion’s financials. Bapco is not cu...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
EU Representative In Baku Calls For Nabucco Readjustment
...nsortium, with regard to exporting 10 bcm/year of gas to Europe beginning in 2017-18. Confirming that Nabucco was still in the bidding for Shah Deniz Stage 2 gas (MEES, 5 March), he said that “the talks aim to change the conception of the project [Nabucco]. There are many proposals. Naturally, the proposals ch...
Volume: 55Issue: 11Published at Mon, 12 Mar 2012