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Algeria Advances Downstream Plans
...ssaoud, and a new naphtha reformer and hydrocracker at the Skikda refinery,” according to the firm’s comments in announcing the Exxon deal. Plans for the two new units at Skikda intended to boost the country’s diesel and gasoline output have been around in some form since at least 2014. Spain’s Te...
Volume: 61Issue: 20Published at Fri, 18 May 2018 -
Algeria Eyes Solar To Power Oil Operations, But ‘It’s A Long-Term Job’
...om renewables. These will be small projects whose capacity is around 100MW.” Algeria’s solar capacity has risen quickly of late, although from a low level, to 425MW at the end of 2017, while wind capacity has languished at 10MW since 2014 (see chart). The solar increase is attributable to small-sc...
Volume: 61Issue: 20Published at Fri, 18 May 2018 -
Mubadala’s SWF Acquisitions To Create Global Champions
...namic state organizations in the region. It was formed just over 15 years ago in 2002 and is chaired by Abu Dhabi Crown Prince Muhammad bin Zayid Al Nahyan whose influence has increased significantly since UAE President Khalifa bin Zayid Al Nahyan’s stroke in 2014 (MEES, 29 August 2014). The Crown Pr...
Volume: 61Issue: 20Published at Fri, 18 May 2018 -
Tunisia: Key Gas Project Faces Further Delays As Unrest Grows
...en tied in as a producer (albeit likely at a significantly lower flow rate). But despite this modest boost gross output from Eni’s southern fields fell from 15,900 b/d in 2014 to 13,900 b/d in 2015 and 13,000 b/d last year. Eni says it has not been hit by the latest protests. However OMV has in re...
Volume: 60Issue: 20Published at Fri, 19 May 2017 -
Egypt Gas Boost Cuts Import Needs, But Self-Reliance Still A Distant Goal
...covery, with BP’s 1.5 tcf Atoll set to add a further 300mn cfd from mid 2018. But even with the Nooros and WND boost, Egyptian output is only back to early 2014 levels: it is still some 1bn cfd short of the near-6bn cfd average of 2011 and 2012 (see chart – the Nooros field which is in shallow water but dr...
Volume: 60Issue: 20Published at Fri, 19 May 2017 -
Saudi Aramco’s Mu’ajjiz Port Development Enhances Flexibility
...ipped to the facility. The most economic option would likely be to pipe crude to the west coast and then ship it south to Jazan. This appears to be the strategy. Aramco’s 2014 annual review said that redevelopment of Mu’ajjiz will “accommodate the increased volumes of fuel oil and supplies of Ar...
Volume: 60Issue: 20Published at Fri, 19 May 2017 -
Opec Facing Tough Choices Ahead Of Vienna Meeting
...rporation (NOC) claimed 800,000 b/d-plus output last week, a level it has not sustained for a whole month since October 2014. Production disruptions are an ever-present risk, but more than half-way through May it seems as if a sizeable monthly gain is near-guaranteed. In Nigeria, the outlook is less po...
Volume: 60Issue: 20Published at Fri, 19 May 2017 -
Algeria Parliamentary Poll: Status Quo - On, And On, And On Again
...% of registered voters (23 million out of a population of almost 40 million), compared with some 42% in 2012. Some independent observers put the figure lower still. Algiers had managed to buy social peace until 2014 as oil prices remained at over $100/B, but the latest elections coincide with he...
Volume: 60Issue: 20Published at Fri, 19 May 2017 -
Morocco’s Samir: Rescue Bid
...rch 2014 before processing halted in August 2015....
Volume: 60Issue: 20Published at Fri, 19 May 2017 -
Egypt Economic Reforms Remain On Track But Long Road Ahead
...ensure that these subsidies target those who are most in need. He denies that there is a decision to raise fuel prices, but said that his ministry has a five-year program which started in 2014 to rationalize energy subsidies, stressing however that this program is unrelated to the IMF loan. NE...
Volume: 60Issue: 20Published at Fri, 19 May 2017 -
Oman Export Revenues Down, Rating Junked
...finery Improvement Project (SRIP), which commenced in 2014, is slated to increase output capacity for transport fuels by 59% to 197,000 b/d. Construction finished earlier this year and the spike in April refinery output suggests that units temporarily offline for the maintenance are now back online. Ho...
Volume: 60Issue: 20Published at Fri, 19 May 2017 -
Cairo Hopes To Garner New Interest In Old Acreage
...rata – so they may yet see promise in seemingly well-worn acreage. Eni’s key Western Desert output comes from the 54,000 b/d Melehia permit where output has ramped up rapidly since mid-2012 when Eni first tapped the field’s deep formations. Apache produces around 30,000 b/d from the 2014 Ptah and Be...
Volume: 59Issue: 20Published at Fri, 20 May 2016 -
Saudi Products Records Tumble With Europe The Target Market
...fineries since 2014 – both now running at full capacity – and crude output remaining at near-record highs of over 10.2mn b/d, records for the country’s products output and exports continue to tumble. Crude throughputs at the country’s refineries hit a record 2.571mn b/d in the first quarter, with 2....
Volume: 59Issue: 20Published at Fri, 20 May 2016 -
Suez Canal Oil Data (‘000 B/D)
...NORTHERN OIL SHIPMEMTS HAVE DOUBLED SINCE 2011 TO AVERAGE 2MN B/D SINCE 2Q 2014... ...WITH SEASONAL RECORDS SET FOR EACH OF THE LAST THREE QUARTERS (MN B/D) NORTHBOUND PRODUCTS SHIPMENTS, DIESEL IN PARTICULAR, HAVE LED THE WAY. 1.2MN B/D OF SAUDI AND UAE RE...
Volume: 59Issue: 20Published at Fri, 20 May 2016 -
Iran Taps China For $1.5bn Refinery Upgrade, Warns Over Lack Of Upstream Progress
...is work at $3.6bn – significantly more than the figure quoted by Mr Zanganeh, which suggests that a less rigorous culling of ageing equipment is currently envisaged (MEES, 23 May 2014). The Abadan refinery MoU takes to six the number of Iran’s post-sanctions downstream deals. In refining Iran has li...
Volume: 59Issue: 20Published at Fri, 20 May 2016 -
Saudi Edges Up Capacity, Looks To IPPs For Boost
...mand was 62.3GW, compared with 56.6GW in 2014. Recently-ousted electricity minister ‘Abd Allah a-Husain predicts that demand will reach 90GW in 2022. SEC spent SR29bn ($7.73bn) on new generating, transmission and distribution capacity in 2015. New units came online at the PP12 combined cycle gas tu...
Volume: 59Issue: 20Published at Fri, 20 May 2016 -
EBRD In $530mn Egypt & Jordan Solar Boost
...nd farm and solar projects in Morocco (MEES, 24 October 2014)....
Volume: 59Issue: 20Published at Fri, 20 May 2016 -
Libya Output Down, Risk Of Further Collapse
...rminal. The largest oil export outlets remain shut – 450,000-b/d Es Sider and 250,000 b/d Ras Lanuf, both on Libya’s central Gulf of Sirte since December 2014, and 250,000 b/d Zueitina to the east for most of the past two years (MEES, 6 November 2015). There were a few moments in 2015 when Tripoli’s NO...
Volume: 59Issue: 20Published at Fri, 20 May 2016 -
Saudi Gas Expansion Plans Progress With Tender Award
...oduce 1.7bn cfd sales gas. Wasit was initially planned to come online in 2014, but high sulfur levels at Hasbah and the Arabiyah field led to this slipping to 2016. Saipem’s firsthand experience of dealing with these issues had appeared to leave it well positioned, but it could have lost out on co...
Volume: 59Issue: 20Published at Fri, 20 May 2016 -
Saudi 2030 Plans: Turning The Vision Into Reality
...ort-term benefit is the generation of revenue, which will help reduce concerns over the pace at which foreign exchange reserves are being drawn down and government debt is towering up. Foreign Reserves dropped from a peak of $731bn in August 2014 to $576bn as of March 2016. Moody’s forecast reserves de...
Volume: 59Issue: 20Published at Fri, 20 May 2016