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KRG Scrabbles To Pay IOCs Amid Strain Of Prepayment Obligations
...scovery as well as Russian state firm Gazprom Neft’s takeover as operator from Canadian-listed partner Western Zagros. But increases beyond current 5,000 b/d output this year are off the cards, with the Sarqala-2 well set to be spudded in the first half of 2017. Western Zagros also confirms that Re...
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
Eni Advances Libya Gas Plans Amid Short-Term Cuts
...e second half of 2017 through to the second half of 2018,” it adds, noting that in light of the continued and chronic instability in Libya, “all offshore mobilizations will be undertaken from Malta” around 250km to the north. Eni’s gas output, both from Bahr Essalam and the Wafa field deep in th...
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
Aramco Looks To Build On Record Output With ‘New Era’ Of Integration
...tchems volumes do not include two big projects which are due online in 2016 and 2017. Although Sadara started up its first polyethylene unit in December 2015, no commercial production took place. The 2.6mn t/y Rabigh 2 expansion joint venture with Japan’s Sumitomo is due to begin commissioning this year, al...
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
Aramco Steps Up Petchems Challenge To Sabic
...provide basic engineering and proprietary furnace technology for a new cracker, which is being built by Taiwan’s CTCI under an engineering, procurement and construction contract. Sabic says the cracker is expected to cost $94.5mn and is scheduled for completion in the second half of 2017. The cr...
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
International Investors Size Up Ambitious Egypt Wind And Solar Program
...bel El Zeit area – one is for 120MW and one for 40MW. The capacity is due online in 2017 at an existing 200MW Gamesa-built wind farm. Earlier NREA awarded Spain’s Gamesa a €220mn ($246mn) turnkey contract for a 220MW wind farm at Gebel El Zeit, for start-up in 2017. Meanwhile, EETC has signed an Mo...
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
Opec: Fit For Purpose? What Purpose Is That Exactly?
...vernment’s Energy Information Administration (EIA) is now forecasting 2016 crude output of 8.60mn, down from 2015’s record 9.43mn b/d, with a further 400,000 b/d fall forecast for 2017. But of course, as the Saudis and other Gulf producers are acutely aware, these forecasts are highly sensitive to prices. Th...
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
Latest Us Output Figures And Projections
...CRUDE OUTPUT THIS YEAR... EIA 2017V16 AND 2016V15 FORECASTS BY DATE OF FORECAST. ...BUT WITH A 150,000 B/D UPWARD REVISION TO ITS 2017 FORECAST THE END MIGHT BE IN SIGHT EIA 2017V16 AND 2016V15 FORECASTS BY DATE OF FORECAST....
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
Aramco Sees Gas As Central To Economic Transformation
...pending as it does on political as well as below-ground factors (see p14), easier to forecast is that Saudi NGLs output will continue to rise with that of gas. The IEA has Saudi NGLs output rising by 90,000 b/d between 2015 and 2017 and by a further 75,000 b/d by 2021, while Asia Pacific Energy Consulting pr...
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
Egypt Doubles Down On Attempts To Reverse Gas Slump
...ll be hoping to capitalize on the momentum created by the recent $12bn deal signed by BP and Dea with Cairo for the development of WND, which is slated to produce 1.2bn cfd from 2017 (MEES, 22 May 2015). ENI/BP: PRECIPITOUS DECLINE While BP has earmarked the western delta for its key ex...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Algeria’s Upstream Investment: Running To Stand Still
...% Mid-’17 Sonatrach says 2016 4.4 424 Timimoun , SW Gas Project Total 37.75%op, Cepsa 11.25%, Sonatrach 51% 2017 Sonatrach says 20...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Iraq Seeks Chinese Funding For Crucial Water Injection Project
...line late and reportedly has just one drilling rig operating, said in early May that it is delaying full development plans for Majnoon to 2017 or beyond. Italy’s Eni, operator of the Zubair oil field, has already canceled two major contracts. Iraq may be celebrating the achievement of post-1979 re...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Iran To Start Building Siraf Condensate Splitters, Targets Asia Petchems
...0 8 x 60 kb/d splitters. Target first unit online 2018. Persian Gulf Star Bandar Abbas 360 1.5 3 x 120 kb/d splitters. First unit expected online 2017. Pa...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Qatar Awards Umm Al Haul Power/Water Plant As Part Of Major Capacity Hike
...de it the world’s leader in LNG and gas-to-liquids (GTL) production. Economic growth is expected to continue, with ambitious plans including the hosting of the 2022 football World Cup. The Umm Al Haul plant is scheduled to start up in 2017. Kahramaa is also studying proposals for a 2GW/655,000 cm...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
ACWA Awarded Concession For Egypt Renewables
...0mn, while a 50MW solar plant at Binban near Aswan is priced at $90mn. ACWA country manager Hassan Amin says the projects are scheduled for completion in early 2017. ACWA has signed a number of preliminary agreements for major Egyptian electricity investments in recent weeks. The company has si...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
KNPC Seeks Ideas, Finance For Refinery Projects
...out how the loan should be structured. CFP SCHEDULE Work on the CFP began in March, with a view to completion in late 2017. KNPC chief executive Muhammad al-Mutairi told reporters recently that he now expects the revamped refineries to be fully operational by the end of 2018. The ageing Sh...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Morocco Solar Funds
...ergy (Masen) awarded the 200MW Noor 2 and 150MW Noor 3 projects to ACWA and Spain’s Sener with a view to 2017 start-up. Masen also plans to build a 50MW solar photovoltaic (PV) unit at the site – Noor 4. ACWA says the debt part of the package will be “entirely financed by Masen” with funds from the Af...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Turkey’s Petkim Readies For Integration Of STAR Refinery
...ochu, under a $3.5bn engineering, procurement, construction and commissioning (EPCC) contract. Petkim plans to start up the plant in the first half of 2017 and does not foresee a shutdown for the hook-up of the two plants. Tecnicas Reunidas says the refinery will produce 4.8mn t/y of ultra-low su...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Saudi Refineries Output 2013
...amco 62.5%, Sinopec 37.5% 400 from 2017 Ja...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Oman’s Raeco Targets 25% Rural Renewables
...erates the small Duqm and Musandam electricity grids, with diesel-fired capacities of 67MW and 88MW respectively. Raeco plans to add another 80MW of diesel capacity in Duqm by 2017 and is considering a 300-400MW gas-fired plant. In Musandam Raeco is finalizing the expansion of Khasab power station with 8M...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Business As Usual For ADCO After Majors’ Departure
...the fact that the fields lie in an environmentally sensitive area. The UAE is targeting production capacity of 3.5mn b/d from 2.8mn b/d currently through further development of its onshore and offshore fields by 2020, somewhat later than the original 2017-18 target. This delay is due to a host of...
Volume: 57Issue: 22Published at Fri, 30 May 2014