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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