Qalaa Looks To Trim Debts

...Cairo-based energy-focussed investment firm Qalaa Holdings – formerly Citadel Capital – plans to reduce its debt to E£4bn by the end of 2017, having already reduced its money owed from E£10bn in 2014 to E£6.5bn ($735mn) at present, according to MD Hisham al-Khazindar. Qalaa needs to slash it...

Egypt To Start Up Key Ethylene Plant, If It Can Find The Gas

...April. MEES expects Egyptian supply will bottom out at 3.6bn cfd in 2017. Egypt is looking to new field developments and LNG imports to boost Egypt’s gas availability in the medium term, but the shortfall is likely to persist until the end of the decade at least (MEES, 17 June). Egas estimates th...

Kuwait To Hike Gas-Fired Capacity After Bagging More LNG

...finery (MEES, 16 October 2015).  KUWAIT'S POWER & WATER PROJECTS Plant Fuel GW '000 m/d Al-Zour North 1 (2016) Gas 1.5 486 Al-Shegaya (2017) Solar 0.05 - Al-Zour No...

Will Venezuela Join Libya & Nigeria In OPEC's ‘Long-Term Outage’ Club?

...rk “would probably need [prices] to be about $10/B higher for some period of time.” “Our view, at this point in time, is that this probably is a 2017 event,” he adds. A major boost to US crude output is not only dependent on oil prices reaching and possibly surpassing $60/B. Activity could be co...

Mideast Sovereign Wealth Funds Learn To Adapt To Low Oil Price World

...nth with global supply and demand seemingly moving more or less into balance in the second half of this year. However some analysts caution that this balancing is more apparent than real, and that once unplanned outages fall from record levels the market will again move into surplus until well into 2017...

Saudi Post: 2017 Sell-Off

Qatar Downgrades Growth Forecast, But LNG Revenue Projection Looks Bullish

...ril (MEES, 3 June). Qatar’s gas output is set to rise: QEO projections assume the 1.4bn cfd Barzan project comes onstream in the second half of the year and reaches full capacity in 2017. “Manufacturing will also grow, as the additional gas output will provide a step increase for the year,” the re...