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Lukoil’s West Qurna-2 Start Will Add To Iraq Oil Output Gains
...koil was originally awarded a 20-year TSC to develop West Qurna-2 in 2010, when the ministry had set far higher plateau production targets (PPTs). Under the initial contract, output was set to rise to 1.8mn b/d by 2017 and be maintained for 13 years for a fee of $1.15/B. The oil ministry, which had or...
Volume: 57Issue: 13Published at Fri, 28 Mar 2014 -
Israel: Gas Boom Targets Turkey
...ISRAEL/TURKEY Israel: Gas Boom Targets Turkey With the 19 tcf Leviathan field set for 2017 start-up and bids received from Turkey to import Israeli natural gas this week, Israel’s energy sector is set for a boom. Over 10 bids were submitted this week in a tender by...
Volume: 57Issue: 13Published at Fri, 28 Mar 2014 -
Orpic Awards Liwa Plastics Project, Targets 2Q18 Start-Up
...gineering, procurement and construction (EPC) tender in December for April 2015 award. Commissioning is slated to begin in fourth quarter 2017, with a view to commercial operation in second quarter 2018. The company expects LPP to double Orpic’s profitability “through extracting significantly more va...
Volume: 57Issue: 13Published at Fri, 28 Mar 2014 -
Turkish Refinery Looks To New Funding As World Bank Pulls Out
...a complex operated by Turkish petrochemical firm Petkim, for 2017 start-up. The plant will have capacity to process 10mn tons/year (200,000 b/d) of crude. STAR shareholders are Socar Turkey, Turkish conglomerate Turcas and the Azerbaijan government. Turcas announced on 25 March that it plans to sell it...
Volume: 57Issue: 13Published at Fri, 28 Mar 2014 -
Baghdad Refocuses Oil Industry Priorities
...schedule is ambitious. “We reckoned on Q3 2018 optimistically. And Q3 2019 realistically,” notes one executive. “2017 is doable. That I don’t deny. The difference between our projection and CH2M Hill’s is down to the time taken to approve contracts. If the Iraqis don’t change, then I can’t see how 2017...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
MENA Refiners Mull New Projects Amid Major Expansion Program
...e at various stages of development in Saudi Arabia, while expansions are under way in the UAE and Oman. Algeria has joined the capacity rush, starting work on the first of four 100,000 b/d refineries due on stream in 2017. Saudi Aramco is nearing completion of the Satorp refinery in Jubail an...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
UAE Makes Progress On Nuclear Plant, Iran’s Bushehr Off-Line
...e being manufactured off-site. The floor and first two levels of the liner have been installed and welded together on site over the past two months. The remaining liner sections will be fabricated and installed over the next 10 months. ENEC said Kepco is on track to start up the Barakah-1 plant in 2017...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
Assessing The Impact Of US LNG Exports
...mand through 2016 is already under construction: thus current FID decisions apply to 2017 and beyond. Meanwhile, the surge which Qatar put on the market in 2008-10, when coupled with the recession and the collapse of the US LNG market created a large surplus with severe price competition. One effect of th...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
ExxonMobil Water Project Exit Threatens To Derail Iraqi Upstream Schedule
...oject has been put back two years. So instead of 2015, it won’t come on until 2017.” Even if this view is overly pessimistic, there is little doubt that the project has been seriously delayed – FEED was due for award last November (MEES, 3 November 2011). In the long-run, this water is vi...
Volume: 55Issue: 13Published at Mon, 26 Mar 2012 -
Deadline Set For Competing Gas Corridor Projects, Nabucco Plans Extension
...ah Deniz consortium to take its final investment decision in 2013 so as to be able to ship the early gas volumes to Europe by mid to late 2017. The BP move coincided with an announcement by Socar’s President Rovnag Abdullayev that the final purchase and transit agreement between Azerbaijan’s So...
Volume: 54Issue: 13Published at Mon, 28 Mar 2011 -
Wintershall To Join South Stream, Slovenia Signs JV Agreement
...rrent 0.5 bcm/y. The current contract expires in 2017. On 21 March, Russia’s Prime Minister Vladimir Putin told reporters that Russia would be providing the Turkish authorities with additional information to help precipitate the granting of a permit for detailed route planning of the offshore co...
Volume: 54Issue: 13Published at Mon, 28 Mar 2011 -
ADCO Awards $560Mn Contract For Qusahwira Development
...the expansion are projected for completion by 2017. NPCC will oversee the development of production facilities including central and remote degassing stations, oil producing, water and gas injection wells, and around 350km of pipelines over an estimated period of 33 months. The three-phase ex...
Volume: 53Issue: 13Published at Mon, 29 Mar 2010 -
The Economic Costs Of A War In Iraq
...e first year, despite the size of the deficit increase in that year being the same. Expectations of future deficits are important. The investment fall is also of a much longer duration. It is 2017 before investment is above baseline. The extra budget financing requirements means long term real in...
Volume: 46Issue: 13Published at Mon, 31 Mar 2003