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Qatar Faces Cost Blow-Out In Drive To Redevelop Bul Hanine
...r crude production. In the April report, QNB says that it expects oilfield redevelopment to only sustain current levels of crude output. Last year, however, QNB forecasted a growth in crude production to 800,000 b/d by 2017. The bank’s recent break with optimism is in stark contrast with earlier pr...
Volume: 57Issue: 20Published at Fri, 16 May 2014 -
Delek Raises Funds To Drive Offshore Israel Development
...oduction platform to the wellhead has a capacity of 12 bcm/y (1.16bn cfd). The third pipeline would likely cost $200-300mn and be completed by 2017, according to Israeli daily Globes. Moody’s rating agency gave the bond, issued on 28 April, a Baa3 rating (investment grade, though only just) lowest due to...
Volume: 57Issue: 20Published at Fri, 16 May 2014 -
Leviathan Eyes Cyprus Tender; Cyprus Eyes LNG
...ns of LNG. First gas is to be delivered between 1 January 2016 and 30 June 2017. The tender expressed no preference for pipeline or LNG delivery. With Cyprus having no current LNG import infrastructure, any offer involving LNG would have to factor in the cost of building such plant. MEES un...
Volume: 57Issue: 20Published at Fri, 16 May 2014 -
UAE Considers Long-Term Power Strategy
...lar plant in its solar park 50km south of Dubai city, due online in 2017. Small renewables units are ideal for single-site projects: Dubai’s International Humanitarian City complex is installing 5.6MW of rooftop solar capacity. Conventional projects are also planned. Abu Dhabi’s TAQA and the Fe...
Volume: 57Issue: 20Published at Fri, 16 May 2014 -
Saudi Arabia Sees No Need For OPEC Output Hike
...ghly ambitious 5.7mn b/d by 2017, up from 3.7-3.8mn b/d today (MEES, 18 April). OPEC’s production, according to MEES surveys of monthly output, rose above the OPEC-12 ceiling of 30mn b/d in February, but has since been below target, largely because of Iran and Libya. Yet Mr Naimi says the focus sh...
Volume: 57Issue: 20Published at Fri, 16 May 2014 -
IEA: US Shale To Sideline OPEC Going Forward
...rgely unchanged from the previous MTOMR, with the 2017 estimate trimmed by just 95,000 b/d on account of marginally lower than expected 2013 demand and slightly weaker expectations of economic growth. Demand growth is projected to average 1.1mn b/d per year over the coming five years for a total in...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
IEA Sees Middle East Refiners Adding 2.5Mn B/D Of Capacity In 2013-18
...ant at Yanbu’, originally slated for 2014 completion, is now “scheduled for 2017-18.” Elsewhere, the region’s largest capacity addition will be in the UAE, where a new 420,000 b/d refinery at Ruwais is due online in 2015. “This high-conversion project,” says the report, “will process heavy re...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
Jordan Testing Interest In Waste-To-Energy Projects
...ES, 11 January). Six companies have recently submitted bids to build a 500mw oil shale power plant, with construction to begin in 2014 for start-up by 2017. The Kuwait Fund for Arab Economic Development (KFAED) is providing $150mn funding for a 65mw wind farm in Ma’an governorate (MEES, 10 May), wh...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
Baghdad Kicks Off Production Target Talks
...favor of a major plateau reduction. Firstly, it has become increasingly clear that building the contracted 10mn b/d plus of new capacity, and more importantly the associated transportation and water injection infrastructure required by 2017, as stipulated in Iraq’s service contracts, is simply not vi...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Qatar To Invest Heavily In Crude Boost
...oduction sharing agreement (PSA), which expires in 2017. Doha, however, told Maersk to hold back on boosting capacity while it studied the reservoir to understand where it should plateau output to extend the field’s life. The reservoir has suffered from a pressure drop and sea water entering the reservoir, wh...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
IEA Warns Iraq Oil Failure Would Be ‘Very Bad News’ For Markets
...e wider energy industry it is Iraq’s final production level and its timing that is paramount. Iraq’s upstream bidding round contracts stipulate production plateaus that would give the country in excess of 12mn b/d by 2017, or 13mn b/d if the Kurdish region is included. But these targets are in...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Sudan To Hike Heglig Production, South Willing To Return To Talks
...ld a panel of top experts and officials involved in the structuring of Sudan’s mooted five-year political and economic plan to 2017. Following last week’s calls from the international community to put an end to the fighting and return to the negotiating table, South Sudan has made the first mo...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Nabucco Announces Further One-Year Delay, Construction Now To Start In 2013
...s expected in the second half of 2011, for at least one year. He said that construction of the pipeline could start in 2013 with the aim of transporting its first gas volumes in 2017. Yet this may not be the last postponement for the project since Mr Mitschek observed that “the ‘open season’ pr...
Volume: 54Issue: 20Published at Mon, 16 May 2011 -
OPWP Projects Oman Power Demand Will Near 3.5GW By 2017
...Middle East Economic Survey VOL. LIV No 20 16-May-2011 oman OPWP Projects Oman Power Demand Will Near 3.5GW By 2017 Average demand for electricity in Oman is projected to increase from 1.924gw in 2011 to 3.464gw by 2017, an average growth rate of about 9% per year, according to...
Volume: 54Issue: 20Published at Mon, 16 May 2011 -
Jordan Signs Oil Shale Agreement With Eesti Energia
...able, Enefit would have access to the shale oil for a period of 40 years, extendable by another 10 years. The agreement covers the production of 38,000 b/d of shale oil and the generation of up to 900mw of electricity from a shale oil fired plant. First power is projected for 2016 and first oil for 2017...
Volume: 53Issue: 20Published at Mon, 17 May 2010