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Egypt Awards Siemens €8bn, 16.4GW Powergen Deal
...ll also build a rotor blade manufacturing plant at Ain Sukhna, for start-up in the second half of 2017. Siemens says the orders expand on the memorandums of understanding (MOUs) announced at the Egypt Economic Development Conference in Sharm El Sheikh in March. The original MOUs were for 6.4GW of ca...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
Total Sees Sunshine Amid Gulf Turbulence-Interview With CEO Patrick Pouyanne
...cluding Saudi Aramco, which is under pressure to cut costs. “What I observe is that there has not been a single big project announced in six months. The engineering companies are starting to worry. They already have projects locked up to 2017 so they don’t want to cut their charges. They are trying to re...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
Algeria Ploughs On With Failed Policies
...ports, but we will also increase our capacity to supply the domestic market. If the market recovers and we get good value for our hydrocarbons then we are here to supply.” In a keynote speech delivered by Mr Demmak to the WGC on 2 June he said that Algeria “will be able to export 65 bcm in 2017 and th...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
OPEC’s Market Strategy Shrinks Spare Capacity
...immediate rise in production capacity. If anything, a dispute between Kuwait and Saudi Arabia over the Neutral Zone has taken more than 500,000 b/d of capacity off markets and volumes are not expected to be restored from the 300,000 b/d offshore Khafji oil field until 2017 at the earliest, MEES un...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015