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End Of The Road For Cyprus ‘Gas Hub’ Dreams
...VELOPMENT PLAN’? In some ‘good news,’ Noble says it will submit a development plan for Aphrodite in the second half of this year (MEES, 20 March). However, in something of a Kafkaesque twist, this supposed development plan – or at least the version of it mentioned in Delek’s recently-released 2014 an...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Sudan’s Oil Plans Set To Fall Victim To Reality
...d-2015, the Ministry of Petroleum says, up 20,000 b/d on the 2014 average of 120,000 b/d. This comes as part of the ministry’s highly ambitious medium-term plan, unveiled in 2013, which envisages output ramping up to beyond 300,000 b/d by end-2017, in an attempt to replace at least some of the volumes it lo...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Political Differences Aside, UAE Taps Iran For Possible Gas Supply
...o over price (MEES, 15 August 2014). DUBAI-IRAN TRADING LINKS The UAE has mixed feelings about Iran and the prospect of its rehabilitation into the world order, should a framework agreement with world powers to curb its nuclear ambitions conclude with a comprehensive accord at the end of Ju...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Gulf Refining Activity Slowing After Completion Of Three Mega-Projects
...e Aramco/Total Satorp plant was completed in mid-2014 and the Aramco/Sinopec Yasref plant is building crude runs after starting up in fourth quarter 2014. The refineries take Saudi crude processing capacity to 2.91mn b/d and are enabling a hike in non-crude exports: gross product exports reached 1....
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Egypt Signs Contract With Axens For Assiut Gasoline Unit
...tane gasoline and 200 b/d of butane. Petroleum Minister Sharif Isma’il says the project is part of the ministry’s plan to upgrade existing plants to increase production capacity to meet local market needs. He says the CCR will help reduce gasoline imports. Egypt imported 69,000 b/d of gasoline in 2014...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Sipchem Finishes Gulf’s First EVA/LDPE Plant
...other Sipchem affiliate. The 75,000 t/y butanediol plant has been debottlenecked to provide feedstock for the PBT unit (MEES, 11 April 2014). Meanwhile, equal partners Sadara (Saudi Aramco/Dow Chemical), Saudi Kayan and Saudi Acrylic Acid Company (SAAC) aim to begin trial operations in the third qu...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Oman Expanding Desalination, Prepares Power Shake-Up
...88GW in 2014 to 10.24GW in 2020, while combined capacity of its two main grids – the Main Interconnected System (MIS) and Salalah – is currently 7.91GW (MEES, 11 April 2014). Meanwhile, peak water demand is expected to rise from 934,000 cmd in 2014 to 1.34mn cmd in 2020, whereas current desalination ca...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Qatar Awards Desalination Project, Plans Strategic Storage
...ter project, at Umm Al Haul. This will have capacity to generate 2.4GW of electricity and desalinate 590,000 cmd of water and is scheduled for start-up in 2018 (MEES, 1 August 2014). Qatar’s power and water demand growth has averaged 10.3%/year in recent years. To maintain reliable water su...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
OPEC March Output Tops 31mn B/D With Saudi, Iraq Near Record Levels
...14 vs 1Q14 2014 S Arabia* 10.10 ^9.72 +0.38 +0.51 9.69 9.84 +0.24 +0....
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Libya’s NOC Could Be Split By Baida Power Grab
...rket Libyan oil products (MEES, 28 November 2014), and that it may have been involved in a recent attempt to load crude at the central port of Sider (MEES, 20 March). Baida’s new hardline attitude will do nothing to promote peace and unity in the country. In recent weeks, the eastern government has ap...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Shell Boosts Egypt Exposure With $70bn BG Deal
...nisia. Egypt was long the field’s key area of operations. However the firm had a disastrous 2014 in Egypt – developments that led to a slump in its share price and in no small measure left the firm open to takeover. Egypt fell from being BG’s largest single producing country as recently as 2013, to nu...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Majors’ 2014 Mena Output: Data Analysis
...10 2011 2012 2013 2014 Mideast Gulf* 478 567 548 545 381 of which: UA...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Kuwaiti Fund In Rare Overseas Energy Investment
...rely on commercial merit rather than the state’s political or foreign policy interests. According to the latest rankings published by the US-based SWF Institute (SWFI), KIA holdings were up by 68% year-on-year at $548bn as of October 2014. The UAE’s Abu Dhabi Investment Authority (ADIA) came in as th...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
OPEC Revenues Take A Beating-EIA
...OPEC *The US government’s EIA says that Opec net oil export revenues (excluding Iran) fell to $730bn in 2014 and will fall by a further 48% to $380bn this year. *Extrapolating the EIA’s Jan-Feb ’15 number gives an even lower 2015 figure: $355bn. *For 2016, the EIA expects OPEC re...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Saudi Refining Push Exposes Strategic Shift Away From Crude Exports
...amco 550,000 Petro Rabigh 1990 Saudi Aramco (37.5%), Sumitomo Chemical 425,000 Jubail (Satorp) 2014 Saudi Aramco (62.5%), Total 40...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Benchmark Crude Prices ($/B)
...OIL PRICES 8-Apr 30-Mar - 2-Apr 23-27 Mar Mar-15 Feb-15 Q1 2015 Q4 2014 2014...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015