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Egypt To Slash Diesel Imports As ERC Work Starts
...d a 32,000 b/d distillate hydrotreater. Initial work will include piling, site preparation and soil remediation. ERC chief executive Thomas Thomason told reporters recently that the plant is expected to start up in early 2017. He notes that Egypt already produces enough fuel oil to meet domestic re...
Volume: 57Issue: 17Published at Fri, 25 Apr 2014 -
Saudi Direct Crude Burn Plan Can Only Work Short-Term, Says FGE
...e last of these plants is due online in 2017 (MEES, 4 April). For 2013 as a whole Saudi Arabia burnt 483,000 b/d of crude and 311,000 b/d of fuel oil. With an additional five heavy fuel oil-fired plants totaling 14GW (as well as the 17GW of gas-fired plant) due online by 2018, the official Saudi ta...
Volume: 57Issue: 17Published at Fri, 25 Apr 2014 -
Abu Dhabi Onshore Awards Unlikely Before ADCO Concession Ends
...al – the latest official 1.8mn b/d target is now 2017, but is more likely to be reached in 2019 (MEES, 21 December 2012). Also factors holding up development are: a clumsy decision making processes, a staff shortage, lack of will to push things through; and the need to determine if future pa...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Total Signs $1.3bn Ras Laffan Condensate Splitter Deal; Seeks Saudi, Iraq Projects
...mand growth over 1997-2017 at 6% per annum, compared to 1.5% for Europe and America. And with Europe having lost 6% of its refinery capacity through closures, Mr Pouyanné wants 35% of Total’s downstream capital employed in the Mideast and Asia by 2017. The Gulf is high on Total’s radar. Both Mr...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Total Sees Partnerships, Technology, Exploration Driving Growth
...gionally and globally, in a bid to drive production from 2.3mn boe/d in 2012 to its targeted 3mn boe/d by 2017. The group’s expected Middle East production of around 550,000 boe/d this year is slightly down on 2011’s 570,000 boe/d. Privately officials concede that the region’s operating environment is cu...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Egypt Rejoins MENA Nuclear Pursuit, Iran Plans Two New Bushehr Plants
...ild four nuclear power plants worth $22bn at Sinop on the Black Sea coast, according to Japan’s Nikkei business daily. Work on the first of the plants is slated for 2017 with a view to 2023 start-up. Russia’s Rosatom is expected to start construction in mid-2015 of the first of four plants at...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Shahristani Eyes Extended Iraq Production Plateau Durations
...perts, realistic) revision to Iraq’s official 7-8mn b/d figure (MEES, 13 June 2011). Currently foreign operators have committed to maintaining plateau production for between seven and 13 years, with the plateau volumes to be reached by 2017. The critical Round 1 mega-developments – the 2....
Volume: 55Issue: 17Published at Mon, 23 Apr 2012 -
Abu Dhabi Burns More Crude And Gasoil To Meet Power Challenge
...abi’s program to inject carbon dioxide from up to 17 power stations and industrial plants into its oil fields, releasing reinjection gas. The CO2 output of a 1gw gas-fired plant could replace some 80mn cfd of natural gas. But its earliest start up would be 2017 (MEES, 2 April), and Abu Dhabi has yet to se...
Volume: 55Issue: 17Published at Mon, 23 Apr 2012 -
Socar Offers BP Option To Explore For Further Gas In Shah Deniz And ACG Fields
...gotiations are in their final stage. The investment amount and other details are under discussion right now.” He noted that ACG’s deep gas reserves are estimated at 200-250 bcm and that Socar was looking for production to begin as early as 2017, first from Chirag and Guneshli and then from Azeri. He ad...
Volume: 54Issue: 17Published at Mon, 25 Apr 2011 -
Qatar’s $5Bn Barzan Project Financing Moving Ahead
...ve been awarded and progress has been made on the financing plan further big delays are not expected, although a slip to 2015 would not be problematic, given that Qatar has a gas surplus up to 2017 and does not need new North Field supply (MEES, 13 December 2010). Barzan is a two-train project an...
Volume: 54Issue: 17Published at Mon, 25 Apr 2011 -
Al-Janabi Sheds Light On Allawi Policies
...ey really be achieved in accordance with the schedule set for them providing Iraq with a production capacity of 12mn b/d by 2017? How will Iraq deal with OPEC in implementing such a fast-track increase in production-capacity? A: We are talking about policies, strategy, a step-by-step approach, and ca...
Volume: 53Issue: 17Published at Mon, 26 Apr 2010 -
Ukraine Gets Russian Gas Reprieve With Amendments To Gas Supply Agreement
...e to expire in 2017, but now in place until 2042. Sevastopol, on the Crimean peninsula, is a strategic location for Russia’s presence in the Black Sea. Ukrainians in opposition to Mr Yanukovich have criticized the deal, including former Prime Minister Yulia Tymoshenko, who brokered the current gas ag...
Volume: 53Issue: 17Published at Mon, 26 Apr 2010 -
Italy Cancels $40.4mn Of Jordan’s Debt
...reement between the two countries signed on 22 June 2000 (MEES, 3 July 2000). As a result, Jordan’s debt installments to Italy due until 2017 have been cancelled. The amount of debt cancelled corresponds to the disbursements made by the Jordanian Government in 2001 for financing a number of social and ec...
Volume: 46Issue: 17Published at Mon, 28 Apr 2003