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South Tunisia Gas Development Close To Go-Ahead Despite ENI Departure
...e intending to have the contracts signed before the end of the year, in order to allow construction to begin in early 2014 [and] finished by 1Q16,” Mr Mestiri says. “Inshallah [we will stick to this timeframe] as long as we don’t encounter too much social unrest,” he conceded. OMV – the ke...
Volume: 56Issue: 26Published at Fri, 28 Jun 2013 -
OMV Set For Eastern Abu Dhabi Oil Exploration
...ve a joint venture petrochemical firm, Abu Dhabi Polymers Company (Borouge), which will expand its ethylene capacity to 3.6mn tons/year in 2014 (MEES, 1 March). OMV’s announcement comes at a time of greater opportunity in Abu Dhabi for foreign firms. Eleven foreign firms prequalified to bid fo...
Volume: 56Issue: 26Published at Fri, 28 Jun 2013 -
IEA Sees ‘Significant Potential’ For Solar Power In Middle East
...lar capacity (PV and CSP) in 2013. The country has adopted long-term renewable generation targets and is seeking to install 1.8gw of large-scale solar capacity by 2014. However, “the 2014 goal may be overly ambitious, given lack of deployment history, but medium-term growth is likely to be ro...
Volume: 56Issue: 26Published at Fri, 28 Jun 2013 -
Qatar Plans First IWPP Project In Five Years
...ter, while the planned IWP will have 40-60mn gal/day capacity. Both plants are expected to be built near Ras Laffan. Kahramaa has invited expressions of interest for the two projects. The IWPP is expected to be tendered in 2014-15. Kahramaa technical director Ahmad al-Nasir told a MEED co...
Volume: 56Issue: 26Published at Fri, 28 Jun 2013 -
Analysis: Will New Amir Era Usher In QP Restructuring?
...d-2013/early 2014, Chinese state firm CNOOC and Total are expected to drill their first well in exploration Block BC. Total in May 2011 took a 25% stake in exploration Block BC (MEES, 26 April). Dolphin: Extra Gas to UAE? Until its 540mn cfd Shah gas field ramps up to full output in...
Volume: 56Issue: 26Published at Fri, 28 Jun 2013 -
Firm Oil Prices And Capital Inflows Boost UAE Growth, Says IMF
...oil production to around 2%, after two years of substantial expansion, as growth in global demand remains weak amid expanding global supply. For the period 2014-18, the GDP growth rate in real terms is projected at around 3.5%. The IMF goes on to point out that in the medium term di...
Volume: 56Issue: 26Published at Fri, 28 Jun 2013