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Oman’s OPWP Targets 5% Efficiency Improvement In Power Generation
...0 2017 Dhofar Wind 50 2017 Salalah 2 IPP 445 2018 Ibri & Sohar 3 IPP 2,...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
Gas Shortage Leaves Iranian Petchem Plants Idle
...trochemical plants linked by Iran’s under-construction 2.5mn t/y West Ethylene Pipeline (MEES, 16 May). But, with additional gas from South Pars only likely to come onstream in late 2017 at the earliest (MEES, 6 June), the gas shortage for Iran’s petrochemicals sector and resultant overcapacity will get worse be...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014 -
IEA: Middle East Gas Output Set For Strong Growth But Outpaced By Demand
...m) chg '13-'19 2000 2010 2013 2015 2017 2019 BCM % Middle East* De...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014 -
Delek’s Leviathan Development Fund Raising Gathers Pace
...rtners are looking to double Tamar’s gas output capacity to 20-22 bcm/year (around 2bn cfd) by building a third delivery pipeline by 2017. Current capacity is 1bn cfd, with output averaging 750mn cfd (MEES, 16 May). At Leviathan, Noble, Delek and partner Ratio Oil (15%) are looking to finalize a de...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014 -
Saudi Arabia Ponders Creation Of ‘National Reserve Fund’
...e end of 2017 – a sum that would in theory catapult the fund into second place on a ranking of the world’s top SWFs (see table). Dr Mariq says the aim of establishing the fund, also known as the “National Reserve Fund” is to accumulate financial surpluses and invest them to realize maximum returns. Th...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014 -
Analysis: Changes Ahead For Gulf LNG Importers And Producers
...stream and entering the Asia-Pacific market – a whopping 61.8mn t/y under construction is due onstream by 2017, although slippage is likely – and the possibility of mainland Europe switching to a gas pricing model indexed to (currently far lower) US domestic ‘Henry Hub’ prices and/or the UK’s National Ba...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
Mideast Refining Capacity Edges Up, Runs Fall
...st ambitious expansion plan – three 400,000 b/d capacity refineries, due onstream in 2013, 2014 and 2016. The UAE is building a 417,000 b/d plant which is due onstream in 2014, while Algeria’s Sonatrach has announced a plan to build four 100,000 b/d capacity refineries for 2017 start-up. Also Oman is lo...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
KPI Vietnam Refinery OK’d
...nture, with KPI holding 35.1%, PetroVietnam 25.1% and Mitsui 4.7%. Following the FID and cofinancing agreement, construction is expected to begin in July 2013. Construction is slated to be completed in 2016 and commercial operations are scheduled to begin in 2017. The refinery will be built in th...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
Kuwait Ponders Long-Term Power Fuel Supply Options: MEES Analysis
...art-up at 60,000 b/d in 2017, and ramping up to 270,000 b/d by 2030. Another project included in the 4mn b/d target is the 500,000 b/d Wafra field development (Kuwait’s share is 250,000 b/d) in the Neutral Zone, which Kuwait shares 50:50 with Saudi Arabia. But the Chevron-led project has sl...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
SEC In Talks With ACWA After Rabigh-2 Fuel Switch
...ter the project’s economics. It could also threaten the schedule – SEC had brought forward the completion date to 2016, but when it chose the ACWA-led consortium as first-ranked bidder, the planned completion date was put back to 2017 (MEES, 18 January). SEC awarded the 1.8gw capacity Ra...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
Qatar’s New Leadership: Impact On QP’s And QIA’s Strategies
...velopment program and take the final investment decision (FID) after it gets approval from QP before mid-2014. Another factor is Maersk’s production sharing agreement expiring in 2017. It is in negotiations with QP, which is offering it tougher terms under a joint venture deal to continue Maersk’s op...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
Kuwait’s Oil Minister Stands Firm Against MPs, Appoints Senior Management
...y that Kuwait’s foreign currency reserves will run out by 2017 if it doesn’t fix its finances. Minister of Electricity and Water 'Abd al-'Aziz al-Ibrahim has warned that the delay of al-Zour power plant will cause power generation shortages. Parliament had earlier demanded a halt to the pr...
Volume: 55Issue: 24Published at Mon, 11 Jun 2012 -
South Stream Construction To Begin By December
...s needs from Russia and wants to extend the existing contract from 2017 to 2035, while more than tripling the imported volumes to 1.7 bcm/y. Despite the establishment of Slovenia’s South Stream branch, the final onshore routing of the project has yet to be announced. MEES understands that th...
Volume: 55Issue: 24Published at Mon, 11 Jun 2012 -
IEA Sees Middle East Gas Expansion Serving Only Regional Needs In Medium Term
...leased on 5 June at the World Gas Conference in Kuala Lumpur, says that “Middle East gas production is expected to serve exclusively the regional gas market in the medium term, as it is unlikely that any export project, whether a pipeline or an LNG plant, would be completed by 2017.” The report observes th...
Volume: 55Issue: 24Published at Mon, 11 Jun 2012 -
Jordan And Enefit Initial Deal For First Shale Oil Power Plant
...cilities. 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 oil was originally projected for 2017, but a report last month said that shale oil from 'Attarat could come as early as this September (MEES, 14 May). Th...
Volume: 55Issue: 24Published at Mon, 11 Jun 2012 -
Cook: Shah Deniz 2 Consortium Looking For Scalability In Pipeline Proposals
...with their offers for pipeline transportation by 1 October 2011. Beyond that we have to take our final investment decision in 2013 and after that we expect to start gas production by 2017. The rights to the Shah Deniz field in Azerbaijan end in 2036. That may look quite far away but actually to...
Volume: 54Issue: 24Published at Mon, 13 Jun 2011 -
Nabucco Legal Framework Agreed As Southern Corridor Race Heats Up
...able. The main issue is whether by 2017 (the planned date of commencement of gas supplies for Nabucco) there will be enough gas.” If this is not the case, “other options will be considered – small pipelines, which can later be enhanced as new volumes of gas are available,” Mr Morningstar said. “Pr...
Volume: 54Issue: 24Published at Mon, 13 Jun 2011 -
Methanol Chemicals Company Agrees $222Mn Refinancing Deal
...mpany announced on 5 June on the Saudi bourse’s website. The Murabaha refinancing facility, which ends on 15 December 2017, was signed by SABB, Riyad Bank and Samba. It includes restructuring of a SR326mn ($87mn) cost overrun facility agreement dated 27 October 2009 and due on 18 November 2011, as we...
Volume: 54Issue: 24Published at Mon, 13 Jun 2011 -
BG Suddenly Pulls Out Of $800Mn-1Bn Oman Gas Field Project
...s are produced. It expects to produce 200mn cfd next year, ramping up to 1.5bn cfd by 2017. But the contract was negotiated in 2006, before production costs soared during the energy boom. Muscat hopes that another player will take over BG’s concession, but it would have to offer a much better deal – ev...
Volume: 53Issue: 24Published at Mon, 14 Jun 2010 -
Gas Deadlock Resolved As Turkey And Azerbaijan Agree Terms For EU Deliveries (13)
...niz field, which is expected to produce 16 bcm/y by 2017. According to this second agreement, Turkish imports will start at 2 bcm/y in 2016-17, rising to 6 bcm/y by 2019. From the Shah Deniz 2 supply, 6 bcm/y of the 7 bcm/y will be allocated to Botas while the remaining 1 bcm/y will be delivered to Tu...
Volume: 53Issue: 24Published at Mon, 14 Jun 2010