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Chinese State Firm Secures Abu Dhabi Field Contract
...eld, which Adco says will add 20,000 b/d to onshore production capacity. The field, part of the South East cluster of onshore fields, is of strategic importance as Adco prepares to raise output capacity to 1.8mn b/d by 2017 from 1.6mn b/d currently. The Southeast Asset also includes the Asab, Sa...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
Orpic Seals $0.9bn Financing For $7bn Projects Program
...pelines and terminal in the first half of 2017. OLC has arranged financing with Ahli Bank and Bahrain’s Ahli United Bank to cover 70% of the MSPP’s development cost. The MSPP project will transport oil products through a 290km pipeline system between the Sohar and Mina al-Fahal refineries and a pr...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
Saudi Aramco Gives North Ghawar Reservoirs A Rest
...aybah is due to be completed by 2015, taking production to 1mn b/d, double initial capacity when the field came online in 1998, Aramco says. Khurais is also being expanded to produce 1.5mn b/d of Arabian Light by 2017, up from a current 1.2mn b/d. The company produced an average 9.4mn b/d of crude oi...
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Iraq’s Rumaila Down By 200,000 B/D As Water Content Rises
...the country’s producing fields, by offering to raise production to a 2.85mn b/d plateau by 2017 for a per barrel fee of $2, and maintain the plateau production target for seven years. The investment to date has raised production capacity from the field, which has 17bn barrels of recoverable re...
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Bahrain Oil And Gas Sector Steady In 2013, But Challenges Ahead
...en delayed by at least two years. Previously, MEES reported that Bapco expected to roll out the replacement and new refinery units over a two-year period between 2017 and 2019. Speaking about the timing of the Sitra refinery expansion, Mr Muayyid sees greater market competition from Gulf re...
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Aramco Targets Energy Efficiency,
...16 Jazan IGCC 2.40 Residues 2017 Total 4.29 Source: Saudi Aramco. Saudi Aramco Energy Conservation Savings (‘000 Boe/D)...
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Sonelgaz $7.6Bn Powergen Outlay By End-2017
...mand growth, the company is adding 12.18GW of generating capacity by 2017. It recently awarded contracts for six combined cycle gas turbine (CCGT) plants worth a total $4.05bn. In an interview with the El Watan newspaper, Sonelgaz official Rabah Touileb said that Algeria’s electricity demand is gr...
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Egypt: Receivables Rise Again
...d-2013. Meanwhile in its 16 May preliminary 2013 results announcement, the firm says that first gas from the 2.1 tcf Ain Tsila field, the company’s “most significant asset,” “now appears more likely to occur in 2018 than the previous estimate of late 2017.” FEED is set to begin later this year, wh...
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
KPI Positive On China JV
...16, or early 2017, the Vietnamese refinery will exclusively process 30.2° API Kuwait export crude....
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Sisi Promises Economic Reforms
...esidential candidate Field Marshall Abdel Fatah al-Sisi, who is widely expected to win, has said that he will target a GDP growth rate of 7%, and a decrease in the unemployment rate to 8% by fiscal year 2017-18, targets which appear to be highly ambitious, considering current circumstances. He says he is al...
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Kish Gas Startup Claims Half-Baked
...urce tells MEES. “It is not yet clear when gas will be produced, but I imagine it may need at least another four to five years. At the earliest, gas will come [onstream] around 2017-18.” These sentiments were echoed by Siamak Adibi, head of Facts Global Energy’s Middle East Gas team, who hi...
Volume: 56Issue: 21Published at Fri, 24 May 2013 -
OPEC Capacity Growth To Remain Muted Through 2018
...stream over the coming five-year period. OPEC sustainable Crude Production Capacity Estimates (Mn B/D) 2012 2013 2014 2015 2016 2017 2018 2012-18 Al...
Volume: 56Issue: 21Published at Fri, 24 May 2013 -
Turkey Joins MENA Capacity Surge As Socar Awards STAR Refinery Contract
...nstruction work was 97% complete and that the 400,000 b/d plant would be fully operational toward the end of 2013. Although the International Energy Agency (IEA) recently said that the 400,000 b/d Yanbu’ Aramco Sinopec Refining Company (Yasref) is now scheduled for 2017-18 (MEES, 17 May), Saudi Aramco ma...
Volume: 56Issue: 21Published at Fri, 24 May 2013 -
Oman Plans For Power Demand Growth
...e or more new plants in 2017-18 with aggregate capacity of 2.25-3gw. “The capacity requirement,” says OPWP, “will depend partly on the strategy adopted for expiring contracts.” In Salalah, the 276mw Raysut plant is scheduled for privatization in 2014 and the 300-400mw Salalah 2 independent power pr...
Volume: 56Issue: 21Published at Fri, 24 May 2013 -
Qatar Forms $1Bn Power Fund, Buys Congo Stake
...oject with a 53.5% stake – Moho North is expected to come online in 2015 and ramp up to 140,000 b/d by 2017. Based on recent production numbers, QPI’s working interest in Total E&P Congo’s production will be about 16,000 b/d of crude and just under 5mn cfd of gas. Total operates 9 licenses in th...
Volume: 56Issue: 21Published at Fri, 24 May 2013 -
Tunisia: Oil Production Slump Exacerbates Budget Shortfall
...g (for Tunisia) new fields are on the horizon, but none of these appear large enough to compensate for decline. In addition to Zarat, which could produce “tens of thousands of boe/d by 2017-18,” PA Resources has a further significant discovery, Elyssa on the southern limit of the Zarat permit. Fi...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
IMF Joins Chorus Calling Kuwait’s Spending Unsustainable
...WAIT IMF Joins Chorus Calling Kuwait’s Spending Unsustainable The IMF has joined other critics of Kuwaiti government policy in suggesting the country’s spending is unsustainable. In its Article IV consultation it estimates “that government expenditure will exhaust all oil revenues by 2017” and fi...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
BP And BG Ready To Declare Commerciality On Critical Omani Gas Projects
...lti tcf”. Initial estimates when the project was launched put gas in place at 17 tcf. BP may not hit full production from its Oman developments until 2017. It is tackling four reservoirs with varying amounts of liquids and acidity, which has delayed the construction of the central gas processing pl...
Volume: 53Issue: 21Published at Mon, 24 May 2010 -
CIS Development Hinges On Security And Cooperation
...ndensate. The field is to be developed in three phases, with total production reaching 71 bcm/year. Gazprom holds 51% of the project, while Total holds 25% and Norway’s Statoil, 24%. Phase 1 of the project, expected to start-up in 2017, will have capacity to produce up to 7.5mn tons/year of LNG. Asked if th...
Volume: 53Issue: 21Published at Mon, 24 May 2010