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Iraq Lowers Sights On Capacity As Reality Sets In
...nstraints are ignored, is likely to stagnate till at least 2017 if not beyond. But Mr ‘Abd al-Mahdi says that the cost cuts will not have a material impact on production capacity, which will be maintained at current levels. However, some of the foreign oil companies present at a London conference on 9 Ju...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
Egypt On Road To Gas Recovery After Years of Stagnation
...ssive task, given that this is 16% above current output, with no new developments slated to come onstream in the meantime. The IEA projects output will edge higher to 52 bcm in 2018 – following the start up in late 2017 of the BP-led $12bn West Nile Delta (WND) project (MEES, 27 March). Output is slated to...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
IEA Cuts Mideast Gas Demand And Production Outlook
...untry can export 65 bcm/year by 2017 (MEES, 5 June). The Algerian government has reported domestic consumption at 38 bcm for 2014 (MEES, 27 March). The political volatility in Libya further clouds North Africa’s ability to sustain – let alone increase - exports to key customers in Europe. “The good ne...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
LNG Market Faces Considerable Demand Upside Amid Low Prices
...pected to hit the market by 2017, adding to global current capacity of 301mn tons. Extra volumes are expected to come from the US, East Africa, Russia and Southeast Asia (see graph). However, lower oil prices are jeopardizing the economic viability of some proposed projects, which could result in ca...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
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