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Orpic Awards Liwa Technology Licenses As Gulf Petchem Juggernaut Rolls On
...ojects. Abu Dhabi’s 2.39mn t/y Borouge 3 complex “will be fully operational in 2014”, according to Austria’s Borealis, partner with state petroleum firm Adnoc. Saudi Aramco and US firm Dow are “on schedule, on budget” with their 3.22mn t/y Sadara complex. Engineering is nearly complete and construction al...
Volume: 57Issue: 29Published at Fri, 18 Jul 2014 -
IEA, KOC Spar Over Future Of Kuwait Oil Sector
...I crude online in 2020. Kuwait Oil Company’s Production Capacity And Targets (Mn B/D) 2014 2020 Investment ($bn) Burgan 1.7 1.7 5....
Volume: 57Issue: 29Published at Fri, 18 Jul 2014 -
Fitch Mixed On Kuwait Energy
...ys that KEC received “a payment of [$64mn] in the form of oil cargoes in April and June 2014,” which should lower the firm’s overall receivables bill in Egypt – which stood at $134mn at the end of 1Q14 (MEES, 23 May). Fitch also notes that KEC’s move into Iraq gas production leaves it vulnerable to re...
Volume: 57Issue: 29Published at Fri, 18 Jul 2014 -
Iraq Deploys Drones To Protect Southern Fields
...panded to 3mn b/d, he adds. “All foreign investors operating Iraqi oil fields in the south are operating as normal and have not withdrawn staff,” he adds. Iraqi Crude Exports 2014* (Mn B/D) Clear Skies Mr Laibi says he has met foreign oil companies operating in southern Iraq and assured th...
Volume: 57Issue: 29Published at Fri, 18 Jul 2014 -
Mubadala In Somalia Deal
...mpany says that processing of the data will continue until late 2014. Under the terms of the agreement signed with the Somali government last year, Soma’s seismic surveys grants it the right to bid for production sharing agreements to explore Somalia’s offshore area for oil and gas. Given the vo...
Volume: 57Issue: 29Published at Fri, 18 Jul 2014 -
Egypt Looks to Reform To Attract Investment, Boost Growth
...2% for the current 2014-15 fiscal year, which began on 1 July. Egypt’s growth rate has been stuck at around 2% for the past three years (see graph, MEES 4 July) – that is to say since the Arab Spring ‘Revolution’ of early 2011. Without the two economic stimulus packages of $4.3bn and $4.9bn in...
Volume: 57Issue: 29Published at Fri, 18 Jul 2014 -
Benchmark Crude Prices ($/B)
...OIL PRICES 17 Jul 7-11 Jul 30 Jun-4 Jul Jun-14 May-14 Q2 2014 Q1 2014 20...
Volume: 57Issue: 29Published at Fri, 18 Jul 2014