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His Mission Accomplished, Qatar’s Attiyah Bows Out
...e PSA with Maersk is set to expire in 2017. US firm Occidental Petroleum, has stabilized production at the 100,000 b/d Idd al-Shargi offshore field through extensive horizontal drilling and waterflooding. It is now waiting for the green light from QP to proceed with fifth phase development af...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
Egypt Announces $43bn Powergen Plans As Part Of Epic Development Program
...D) offshore project. This will involve the development of 5 tcf of gas and 55mn barrels of condensate in the North Alexandria and West Mediterranean blocks. BP says production from WND is due to begin in 2017, with gas output expected to reach 1.2bn cfd, and with all produced gas being fed into Eg...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
Bahrain’s 1.5GW Plans
...BAHRAIN Bahrain plans to add 1.5GW of generating capacity by end- 2017 in a second phase expansion of the Al Dur power and desalination plant on Bahrain’s east coast. Minister of Energy ‘Abd al-Husain Ali Mirza says that with demand growing by 5-6%/year more electricity generating ca...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
Algeria, Poland To Share Shale Tips As Protests Continue
...rder (MEES, 13 March). The first exploration phase expected to last up to 2017, including the drilling of two wells and seismic acquisition. The UK’s BP, for its part, is currently conducting a desktop study in London. The lingering environmental protests are increasingly seen as a risk by foreign co...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
Saudi Refinery Output Tops 2mn B/D For Eighth Straight Month
...ll take total Saudi refining capacity to 2.91mn b/d, after which the next major increment will be a 400,000 b/d Aramco-owned refinery at Jazan which is due for completion in 2017 and is expected to be fully online in 2018. FUEL OIL DEMAND AT HIGHEST EVER FOR JANUARY (‘000 B/D) PRODUCTS EX...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
Shell Awards Majnoon Oil Deal, Gas Still A Problem
...8mn b/d by 2017. Shell has not yet completed renegotiations with the oil ministry on a lowered plateau. It is understood to favor 1mn b/d while the ministry is proposing 1.2mn b/d. Embarrassing Flares Shell, in its 2013 results, says rising Majnoon output led to a rise in the amount of natural gas be...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Turkey Sees Power Demand Doubling By 2023, Backs Nuclear And Coal
...e awarded for 2017 ownwards. Nuclear Progress Russia’s Rosatom will begin work in 2015 on the first of four 1.2GW nuclear plants at Akkuyu, near Mersin on Turkey’s southern coast. Start-up is scheduled for 2020. Meanwhile, Japan’s Mitsubishi and Itochu and France’s GDF Suez and Areva will st...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
RWE-Dea Sold To Russian Investor Group
...bstantial MENA presence. Dea’s regional portfolio is anchored in Egypt, where it started up gas production at its Disouq concession in the Nile Delta last September. The company also has around 30% of the West Nile Delta project it is developing with BP. Start-up is scheduled for 2017, after negotiation ov...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Morocco Targets Further Subsidy Reductions
...e predicted to fall below 3% of GDP by 2017 (see graph). Rabat in February ended subsidies on gasoline and fuel oil and started to cut diesel subsidies significantly as part of its drive to lower the deficit (see table). Last September the authorities started to implement a mechanism to index th...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Dolphin Prepares For 1.2Bn CFD Gas Boost
...E sources say. Faced with importing LNG at up to $18/mn BTU, or waiting until 2017 for gas to come from development of Abu Dhabi’s Bab field, or nuclear power to start up, more Qatari pipeline gas – at the price Doha wants – looks like a good deal. Qatar does, however, have another medium-te...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013 -
ADNOC Recommends Shell For 1Bn CFD Bab Gas Field
...ants – one operating and one under construction – with no other plants planned, suggesting that Abu Dhabi has shelved its target of 7% of power to come from renewables by 2020. The 5.6gw of nuclear capacity planned to ramp up between 2017-20 will, however, displace about 840mn cfd of gas de...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013 -
Kuwait Burns Crude, Turns To Renewables, To Meet Fuel Challenge
...at Kuwait “is burning large quantities of high export value fuels – 30% of the fuel mix is crude and gasoil.” The four-year-plus delay on the 1bn cfd Jurassic northern fields gas project (MEES, 5 March), and the freezing of the planned al-Zour refinery, which won’t be ready until 2017 at th...
Volume: 55Issue: 12Published at Mon, 19 Mar 2012 -
Beirut Eyes LNG Import Decision, Touts Reserves
...e Lebanese daily al-Nahar reported on 14 March. The first tranche of the issue will mature in 2016 or 2017, while the second will run until 2026. The ministry needs to refinance maturing Eurobond debt in 2012. Lebanon remains one of the most highly indebted countries in the world with a debt/GDP ra...
Volume: 55Issue: 12Published at Mon, 19 Mar 2012 -
Turkey Looks To Investment And Exploration, Mulls Southern Corridor Options
...ans-Adriatic Pipeline (TAP) – were all present at one session of the conference, during which they pointed out the benefits of their respective projects. All three projects are competing for the gas that will be produced by Azerbaijan’s Shah Deniz Stage 2 project, expected to come on-stream in 2017...
Volume: 54Issue: 12Published at Mon, 21 Mar 2011 -
Debt Swap In Eurobonds Sustained Lebanon’s Sovereign Rating, Moody’s Reports
...tings, said Moody’s Investors Service on 16 March. The exchange, which had a total face value of $2.3bn for longer-dated foreign currency bonds set to mature in 2012 and 2017, is not classified as a ‘distressed exchange’ by the rating agency. Moody’s changed the outlook on Lebanon’s low B3 sovereign ra...
Volume: 52Issue: 12Published at Mon, 23 Mar 2009