1. 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: 57
    Issue: 13
    Published at Fri, 28 Mar 2014
  2. 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: 57
    Issue: 13
    Published at Fri, 28 Mar 2014
  3. 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: 57
    Issue: 13
    Published at Fri, 28 Mar 2014
  4. 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: 57
    Issue: 13
    Published at Fri, 28 Mar 2014