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MEES Interview: Former IEA Chief Nobuo Tanaka On Japan, Qatar and LNG Markets
...r the Advancement of Producer-Consumer Dialogue at the 2014 Abdullah bin Hamad al-Attiyah Energy Awards held in Doha on 8 April. MEES: How do you see the nuclear power sector in Japan going forward and the role of LNG in the supply mix? Tanaka: It’s a very important, difficult qu...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Saudi Petchems: Smaller Plants Advance
...th a view to 2014 start-up....
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Oman Peak Demand To Double By 2020, Gas Burning Up 50%
...ll see gas burning rise by a comparatively modest 50% from 7.4 bcm in 2014 to 11.1b cm in 2020. As long as the country’s key upcoming upstream gas project, BP’s $16bn, 10 bcm/year Khazzan tight gas development, comes onstream as planned in 2017-18, power generation’s share of Oman’s gas output wi...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
OPEC Output Slides In March On Iraqi, African Outages
...ticipated additional volumes. “OPEC will be ready to absorb the extra production,” he told reporters in Doha this week. “There is no problem for OPEC to absorb any production increment from Iraq and Iran in 2014. When Libya output comes back, we will accommodate it, because its production is in our nu...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Iran Nuclear Talks Threatened By Us, Russia Posturing Over Oil Deal
...al, with the International Energy Agency (IEA) on 11 April putting global imports of Iranian crude and condensate at close to 1.37mn b/d for the first three months of 2014. Still, US officials insist they are not worried by these figures, dismissing them as nothing more than short-term fl...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Middle East Peace Process: Another Failed Attempt
...lestinians demanded it. The Palestinians have refused Israel’s demand to be recognized as a “Jewish state”. This position was also formally adopted in the Arab summit held in Kuwait in 2014. Israel, asserting that its future security might be threatened, is demanding that it keeps its armed forces wi...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Total Reorganizes E&P Operations, Merges Mideast And North Africa
...r 607,000 boe/d in 2013 out of the group’s worldwide output of 2.299mn boe/d. The figure includes Total’s equity share of production from Abu Dhabi’s onshore ADCO, in which it held a 9.5% stake. The company expects lower production in 2014 due to the loss of equity production from ADCO, or some 14...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Egypt’s Financial Indicators Improve On The Back Of Gulf Cash
...rvices. The second, for E£33.9bn ($4.8bn) and financed by a grant from the UAE, was unveiled in January 2014, and included an extra E£20bn ($2.9bn) for infrastructure. EGPC late last year struck a deal with international oil companies (IOCs) operating in the country to settle outstanding arrears of $6b...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Iran Braces For 20-30% Utility Price Hikes
...ur years earlier at the beginning of the 2012-13 Iranian year when international sanctions began to bite. Energy price rises will be more gradual that those anticipated in the 2014-15 budget, according to Finance Minister Ali Tayebnia. Price hikes of around 25% will accompany the implementation of th...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Benchmark Crude Prices ($/B)
...Benchmark Crude Prices ($/B) 10 Apr 31 Mar - 4 Apr 24-28 Mar Mar-14 Feb-14 Q1 2014 Q4 2013 20...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Egypt: Fraying At The Seams
...andard $2.65/mn BTU state firm EGPC pays foreign operators. BG in February sanctioned the latest phase, ‘9b,’ of its giant West Delta Deep Marine project, which it hopes will boost output from 2014, having said that go-ahead was linked to receiving guarantees from EGPC on LNG export volumes. Of...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
DNO, Genel See Iraq Crude Boost
...heme operating in the first half of 2014. Over the same period we will be evaluating and drilling a number of other prospects we have in the Chia Surkh license,” he said. The Chia Surkh license is operated and held 60% by Genel Energy. The remaining 40% is held equally between Petoil Inc and th...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Basra-‘Aqaba 1Mn B/D Pipeline Project Advances
...fshore Single Point Mooring Buoys (SPMs) to boost southern export capacity to 6.6mn b/d will be in place by end 2014, pledged Thamir al-Ghadhban, head of the Iraqi Prime Minister’s Advisory Commission (MEES, 29 March). Two SPMs were installed by last March, but only one has been able to load at any one ti...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Lebanon Starts Up Power Barge, Awards Contract For New Plants
...ectricity, respectively. Being built by Danish contractor Burmeister and Wain at an estimated cost of €270mn, they are scheduled to be handed over to EDL in 2014. Initially run on diesel fuel, they will be convertible to gas-fired operation when Lebanon has gas supply infrastructure working as planned. ...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Kufpec Looks to Asia-Pacific To Boost Output
....4%) as well as the 2014 start of the 10,500 b/d Balnaves development (Kufpec 35%) in Australia. Yemen, Pakistan Make Up 60% Of Kufpec Production Yemen and Pakistan production accounts for about 60% of total Kufpec production. MEES reported on 29 March that Kufpec was among nine co...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Iran And Oman Developing Hormuz Gas Projects
...l Company’s (OOC’s) upstream subsidiary Oman Oil Company Exploration and Production (OOCEP) is building a 120mw power plant on the Musandam peninsula, which juts into the Strait of Hormuz. The plant – scheduled to be operational in 2014 – will use feedstock from the field, which currently goes to Ra...
Volume: 55Issue: 15Published at Mon, 09 Apr 2012 -
Dow Seeks Local Partner For New Coatings Plant
...nstructed in Jubail Industrial City, to be operational in 2014. It will be located next to the $20bn Sadara 3mn tons/year integrated petrochemical project which is being implemented by Dow and Saudi Aramco (MEES, 2 April). The spokesperson said that at this stage it is too early to say conclusively whether an...
Volume: 55Issue: 15Published at Mon, 09 Apr 2012 -
Kuwait Eyes Permanent LNG Facilities As Politics Holds Up $90Bn Energy Plan
...ring peak demand cause temperatures and tempers to rise while air conditioning units shut down, and are a key source of political discontent. Current power capacity is 12gw and Kuwait will have added 4gw by 2014-15, when the al-Zour power plant comes on stream. By this date Jurassic reservoirs in no...
Volume: 54Issue: 15Published at Mon, 11 Apr 2011 -
Russia’s Transneft Claims Bulgaria Delaying Burgas-Alexandroupolis Pipeline Project
...34mn b/d) with completion due in 2014 (MEES, 11 January). KazMunaiGaz Trade House, a subsidiary of Kazakhstan’s state-owned oil and gas company, KazMunaiGaz, will seek to sell crude oil to North American and China by 2015, General Director Daniyar Belibyaev said on 1 April, according to In...
Volume: 53Issue: 15Published at Mon, 12 Apr 2010 -
Laffan Condensate Refinery Inaugurated, Expansion Work Expected In 2011
...e contract in May 2005 (MEES, 27 June 2005). The plant foundation stone was laid in April 2006 (MEES, 24 April 2006). The refinery was originally scheduled for start‐up in the fourth quarter of 2008, but before it was finished Qatar said it planned to double its capacity by 2014 (MEES, 10 September 20...
Volume: 53Issue: 15Published at Mon, 12 Apr 2010