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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