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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