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Kish Gas Startup Claims Half-Baked
...at has played out in many projects across Iran over the past few years, development of Kish gas, according to Iran, is on schedule. “Early production” at Iran’s huge Kish gas field is expected to begin before the end of the current Iranian year (21 March 2013 – 20 March 2014), the semi-of...
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
...intains that the official start-up target is still fourth quarter 2014. The IEA also expects start-up of Kuwait’s planned 615,000 b/d Al-Zour refinery “by 2022”, although Kuwait National Petroleum Corporation (KNPC) still aims to complete the plant by 2018. KNPC recently reissued invitations to bi...
Volume: 56Issue: 21Published at Fri, 24 May 2013 -
Oman Plans For Power Demand Growth
...the MIS through 2019 as: completion of the Barka Phase 3, Sohar Phase 2 and Sur plants, to provide a combined 3.49gw capacity in 2014; the addition of 200mw of solar capacity, subject to government approval; the expiration of contracts at existing plants with 1.517gw capacity; and the provision of on...
Volume: 56Issue: 21Published at Fri, 24 May 2013 -
Total Tanks Up In Egypt
...stations by end-2013, and quadruple product sales, including a large aviation fuel component, from 2012’s 226,000 tons to 1mn tons/year by 2014. The UAE, where it has a 200,000 t/y blending plant (and a 7,500 t/y grease plant), anchors Total’s regional lube business. In addition to the Gu...
Volume: 56Issue: 21Published at Fri, 24 May 2013 -
Yemen Seeks $500Mn Loan From IMF
...s said. But in its 21 May MENA update, the IMF projects lower real GDP growth of 4.4% in 2013, rising to 5.4% in 2014. Reduced oil output is set to tip Yemen’s current account into a deficit of over 4% of GDP this year, the IMF predicts, with the country needing a wholly unrealistic average price of...
Volume: 56Issue: 21Published at Fri, 24 May 2013 -
Lebanese Officials Upbeat Despite Warnings
...ency explained that in addition to the war in Syria, the downgrading in outlook reflects Lebanon’s already high debt burden in 2013 and 2014, political instability and limited economic growth. Moody’s added that the prolonged civil war in Syria has adversely affected investment, trade and tourism in Le...
Volume: 56Issue: 21Published at Fri, 24 May 2013