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Sisi Risks Price Reform To Boost Energy Sector
...e deal is almost finalized, and Petroleum Minister Sharif Isma’il told the press that the project is on track to come online in 2017. Mr Allman-Ward tells MEES that developing North El-Arish will only be possible if the company receives remuneration above the standard gas price, and Mr Isma’il ha...
Volume: 57Issue: 28Published at Fri, 11 Jul 2014 -
Algeria Says Output Will Rise 15% By 2018.
...aly’s Edison, which will start production in 2017. Touat, also 4.4 bcm/year, operated by France’s GDF, and the 1.8 bcm/year Total-operated Timimoun are also slated for 2017 start-up. All three projects have already suffered extensive delays. In addition, the report details three Sonatrach-operated fi...
Volume: 57Issue: 28Published at Fri, 11 Jul 2014 -
Iran To Sideline Sinopec At Yadavaran
...state giant NIOC, which today jointly operates the field with Sinopec. This follows significant delays at the field – one of several key projects Iran hopes could help boost its domestic oil producing capacity over the coming years. Iran is targeting a highly ambitious 5.7mn b/d by 2017, up fr...
Volume: 57Issue: 28Published at Fri, 11 Jul 2014 -
Kuwait Clarifies Al-Zour Plans, Iraq Projects Halted
...r “mid-year”. The Aramco-Sinopec Yasref refinery has a target start-up date of 30 September. Aramco’s Jazan refinery is now expected online in 2017 after a six-month delay in tendering a linked power project. UAE’s Ruwais Expansion was scheduled for 1Q14 start-up, but commissioning is now under way fo...
Volume: 57Issue: 28Published at Fri, 11 Jul 2014 -
Abu Dhabi Power Capacity Hits 13.9GW
...th a small amount provided by burning diesel and last year a tiny amount from direct crude burning. There is also one 100MW solar plant. Total power and water produced by ADWEC in 2013 amounted to 65.49TWh and 263bn gallons (1.2bn cu ms) respectively. Diversity Plan In 2017 the Emirates Nuclear En...
Volume: 57Issue: 28Published at Fri, 11 Jul 2014 -
Cyprus: IMF Calls For Banks, Energy Restructuring
...osed a tender to import average volumes of between 0.6 and 1bcm/year for up to 10 years with first gas to be delivered between 1 January 2016 and 30 June 2017. Awarding a tender this year is unlikely (MEES, 18 April). Resource Fund The IMF review also calls for “an institutional framework for th...
Volume: 57Issue: 28Published at Fri, 11 Jul 2014