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Kurdish Export Initiative Stalled By Pipeline Sabotage
...bruary, the highest in more than three decades. Lukoil is operator of the field with a 75% stake. The remaining 25% is held by NOC. Lukoil agreed to lower the production plateau target for West Qurna-2, originally set at 1.8mn b/d to be attained by 2017, to 1.2mn b/d while extending the duration of the 20...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
International Gas Union Sees Changing LNG Market After 2014
...stralia and Papua New Guinea LNG volumes hit the waters. Qatar’s 77.2mn t/y of production represented about 33% of the global LNG trade in 2013; however, IGU says that Australian liquefaction capacity will surpass Qatari capacity by 2017. In addition to existing capacity, the seven projects currently un...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Saudi Arabia In Power Generation Efficiency Drive
...O 2017 U/C PP13 1.65 Gas 2017 PP14 1.65 Gas 2017...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
UAE Moves Ahead On $2.39Bn Upstream Drive
...ma-Opco – state owned ADNOC 60%, BP 14.66%, Total 13.34% and Jodco 12% – to add 395,000 b/d of production capacity from offshore fields by 2018, with 100,000 b/d coming from the SARB oilfield in 2017-18. Adma-Opco will start drilling by mid-2014 MEES learns, with three land rigs on two artificial is...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013 -
SEC To Sign Rabigh-2 Power Plant Deal, Concludes $2Bn Sukuk
...e BOO project company equity and SEC will own 50%. The plant is expected to cost $2.5bn and will run on heavy fuel oil provided by SEC. Project completion was initially slated for 2017, but SEC has recently issued a revised IPP program that brings the planned completion date for Rabigh-2 forward to 20...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013 -
Kurds Warn Over Oil Payment, Kirkuk Field Rehabilitation
...xonMobil’s exit from leadership of the Common Sea Water Supply Project, bringing together ExxonMobil, Lukoil, BP and Eni-led upstream projects, has pushed a 4.2mn b/d phase one of this critical project back from 2015 to 2017 and maybe further, sources say (MEES, 26 March). Delays in implementing the Common Se...
Volume: 55Issue: 14Published at Mon, 02 Apr 2012 -
SEC Sees Orders Of $18Bn For Debut International Sukuk
...ars are priced at 195 basis points (bps) over benchmark 10-year mid swaps (equating to 200.8 bps over 2017 US treasuries) and the five-year at 140 bps over mid swaps (163.5 bps over 2022 US treasuries). These tightened 15-20 bps from initial guidance. The coupon on the five-year sukuk is 2.665% and on th...
Volume: 55Issue: 14Published at Mon, 02 Apr 2012 -
Greece-Cyprus-Israel Energy MOU Postponed Indefinitely
...e export “on a non-exclusive basis” of 2-3mn tons/year of LNG starting in 2017. MEES understands that the joint development of Cypriot and Israeli blocks is as yet undecided, since the Cypriot government would prefer to export its gas to European and not Asian destinations, despite the fa...
Volume: 55Issue: 14Published at Mon, 02 Apr 2012 -
Shell Calls For Iraq’s Gas Potential To Be Unlocked
...e AGP was designed to take 10 bcm/y, current volumes are pegged at around 4bcm/y. On the oil side in Iraq, Shell (with Petronas) won the Majnoon field contract. With reserves of 38bn barrels of oil, the contract calls for production capacity to be hiked to 1.8mn b/d by 2017. It is expected to cl...
Volume: 53Issue: 14Published at Mon, 05 Apr 2010