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IOCs Scramble To Meet New UAE Oil Minister
...pact its energy industry for decades. Options include: breaking it up into individual fields; reducing consortium members’ equity; and adding new shareholders. ADCO’s concession expires in January 2014. It is owned by ADNOC (60%), BP (9.5%), Total (9.5%), Shell (9.5%), ExxonMobil (9.5%) and Po...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Saudi Aramco Eyes 550,000 B/D Expansion
...end 2014, we have a project that we already have started developing. We are expanding Khurais which came on stream in 2009 to 1.5mn b/d and we will be doing Shaybah, 250,000 b/d,” Mr Falih said. The additions will, like Manifa, not be a net addition to existing production capacity of around 12...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Kuwait Moves 4Mn B/D 2020 Crude Target Back To 2030
...ptember 2014. Phase 2 will start a few years later, taking total water injection to 1mn b/d. The project will maintain Wara production capacity at 180,000-200,000 b/d. Actual production is typically somewhat lower at around 130,000 b/d. At 1,400ms Wara is the shallowest of Burgan’s four main reservoirs. Th...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Bahrain LNG Terminal Decision Approaches
...rminal at a cost of more than $500mn by June. But the delayed award has pushed the expected completion date from 2014 to 2016. NOGA is negotiating a Build-Operate-Own (BOO) LNG import terminal and the group has decided to pursue a Floating Storage Regasification Unit (FSRU), MEES learns. Further delays ar...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Iran Marks Progress On Condensate Refinery
...e first of which is officially scheduled to be brought on-line in 2014. When completed, the plant will have capacity to produce 36mn liters/day (225,000 b/d) of gasoline. IRNA quoted National Iranian Oil Refining and Distribution Company (NIORDC) Managing Director Alireza Zeighami as sa...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
ADWEA Studying Bids For Al-Mirfa IWPP
...ia Power Investment BV, a joint venture of ADWEA (60% equity), Sumitomo (20.4%) and Korea Electric Power Corporation (Kepco – 19.6%). Shuweihat S3 is scheduled for completion by January 2014 and will have 1.6gw generation capacity. A consortium of South Korea’s Daewoo Engineering and Construction an...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
EMAL Awards Generator Contracts To GE
...e end of 2014. The expansion is expected to cost $4.5bn, and will make EMAL one of the largest single-site producers of primary aluminium in the world (MEES, 1 August 2011). EMAL is a 50:50 joint venture between the Abu Dhabi government investment and development company, Mubadala, and Dubai Al...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
North African Energy Producers Face Growing Challenges
...d is focusing on the 2014 presidential elections, and particularly on the question of which candidates will run against ailing President Abdelaziz Bouteflika. Nonetheless, however hard the Algerian energy authorities try to put the In Amenas attack behind them, the incident has tarnished the co...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
IMF: Libyan Economy Growing But Challenges Remain
...owth in the non-hydrocarbon sector in 2014. Inflation fell to 6% in 2012 and a further decline is expected in 2013. As for the financial sector the situation began to normalize after most of the UN sanctions that had frozen Libya’s foreign assets were lifted on 16 December 2011. This allowed th...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013