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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