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US Mulls Further Tightening Of Iran Sanctions Screw
...e calling for restraint until the new administration signals its intentions on Iran’s disputed nuclear program. This latest legislation passing through the US House of Representatives and Senate would effectively blacklist the country’s mining and construction sectors – effective January 2014...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
Abu Dhabi: Onshore Pumps 1.5Mn B/D, Investing $40Bn
...y through a five-year, $40bn plan to lift hydrocarbons output, including oil, gas, petrochemical and refining plants, said Muhammad al-Suwaidi, head of the ADNOC gas directorate. ADNOC hopes to complete a 417,000 b/d, $9.6bn new refinery at Ruwais in 2014, and gas developments account fo...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
Aramco Rigs To Hit 200 By End-14, But Drilling Delayed
...rther. Aramco will use 170 rigs by end of this year or early 2014, Paal Kibsgaard, CEO of services giant Schlumberger told a 19 July investors’ conference call to mark the firm’s 2Q13 results. Schlumberger and Saudi independent consultant Husseini Energy have upgraded Aramco’s need from respective es...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
Bahrain LNG Import Plans
...commendations, by the end of 2013 and to award the contract in early 2014. This comes after reports earlier this year that Nogaholding, NOGA’s investment arm, was set to award a license to build a $500mn-plus 500mn cfd LNG import terminal. NOGA was negotiating a Build-Own-Operate LNG import terminal an...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
Sipchem-Hanwha EVA/Molds JV
...ternational Diol Company (IDC) affiliate’s 75,000 t/y butanediol plant in Jubail. Work is expected to improve the plant’s efficiency and reliability and is scheduled for completion in the fourth quarter of 2014. On 17 July Sipchem announced its 2Q13 financial results, with increased profits being at...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
OPWP Sets Out Development Priorities, Reports 2012 Progress
...ceived approval to proceed with the 42mn gal/day (190,000 cmd) Al Ghubrah IWP, with a view to commercial operation in October 2014. Meanwhile, OPWP engaged US consulting firm NERA to help develop a strategic plan for the future expiry of power and water purchase agreements. The first of OPWP’s existing co...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
Jordan Bags $500mn Aid
...ported that the US government is to increase its annual economic assistance to Jordan by $340mn as of 2014, raising total US financial aid to the kingdom to $1bn/year. Jordan currently receives $360mn in financial aid and $300mn in military aid. Petra added that the US Congress is expected to ap...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
Confusion Spreads Over Abu Dhabi Oil Fields Concession
...shore fields and expires in January 2014. State-owned Abu Dhabi National Oil Company (ADNOC) invited selected firms to apply for prequalification by July 15, but BP has not yet been invited (MEES, 9 July). Nick Wilson writes. ““They did not receive an invitation. They were not on the list,” AD...
Volume: 55Issue: 30Published at Mon, 23 Jul 2012 -
IMF Sees Good Growth Prospects For Libya
...ices are projected to fall from $114.70/B in 2012 to $110/B in 2013 and $102.80/B in 2014. At the same time reconstruction expenditure and the release of pent-up private demand should facilitate an improvement in non-hydrocarbon sectors. But the IMF warns that risks to the outlook include continued po...
Volume: 55Issue: 30Published at Mon, 23 Jul 2012 -
ADNOC To Boost Supplies To CNPC By 2014
...SUPPLY/DEMAND/UAE ADNOC To Boost Supplies To CNPC By 2014 Abu Dhabi National Oil Company (ADNOC) on 13 July signed a 20-year agreement with China National Petroleum Corporation (CNPC) to increase crude oil shipments to 200,000 b/d by 2014. ADNOC shipments to CNPC currently average le...
Volume: 54Issue: 30Published at Mon, 25 Jul 2011 -
Power Failures Hit Kuwait
...neration capacity to 16gw by 2014-15, to 17-18gw by 2016 and to 27-30gw by 2030. Kuwait’s power demand is growing at approximately 7-10% per year. But Kuwait is short of gas and is importing LNG. It is studying with Japanese conglomerate Toyota Tsusho a proposal to build a $650mn, 1.25mw capacity In...
Volume: 54Issue: 30Published at Mon, 25 Jul 2011 -
Fluor Clinches Dow/Saudi Aramco Jubail II Utilities Contract
...d the 1.3bn cfd Hasbah field – both due on stream in 2014. ...
Volume: 54Issue: 30Published at Mon, 25 Jul 2011 -
Qatar Eyes Iran As Tehran Pushes Shared Oil Field Development
...possible for Qatar to produce an accurate computer model of the depletion rate, at a time when Doha has imposed a moratorium on future major development projects before 2014, while it studies the field. Tehran’s Concerns Tehran is concerned that the Qatari gas development – which is far in front of Ir...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
Eni Discusses Upstream Expansion In Azerbaijan
...ilure to clear the Burun acquisition with Asghabat before completing the deal. Eni also expects its gas availability to increase through its equity in Petronas offshore fields, where total gas production is intended to reach 8-10 bcm/y by 2014-15. However, there are doubts over the economics of the CNG ex...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
Vitol To Build New Oil Terminal In Cyprus
...elling its electricity generation by 2014, and has already compiled a shortlist of potential LNG providers. Meanwhile, the island’s electricity authority is currently seeking partners for the development, financing and operation of an LNG storage and regasification terminal – also at Vasilikos – expected to...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
ERC’s $2.35Bn Musturud Refinery Project Financing Nears Completion
...ntractors are Japan’s Mitsui and Korea’s GS Engineering, and the expansion and upgrading is being implemented as a lump sum turnkey (LSTK) contract. Completion is planned for 2014. Construction is scheduled to begin shortly after financial close, although some long lead time items have already been ordered....
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
BP Sells Off Egyptian Assets To Apache To Help Fund Oil Spill Clean Up
...rst gas anticipated for late 2014. Other BP projects in Egypt include the Pharaonic Petroleum Company (PhPC) joint venture with the Egyptian Natural Gas Holding Company (EGAS), which operates gas assets in the Nile Delta, and the Gulf of Suez Petroleum Company, a joint venture with EGPC. Its also su...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
IMF Expects Kuwait’s Economy To Rebound In 2010
...scal year ending March 31, eg 2007 refers to fiscal year 2007-08. 3. In 2006-07 KD2bn was transferred to partly cover the actuarial deficit of the Public Pension Fund. In 2008-09, KD5.5bn was transferred. KD1.1bn is budgeted for each year from 2010-11 to 2014-15. 4. Excludes investment income and pe...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
Oman To Request Proposals For New IPP At Sur
...wer ahead of summer peak demand in 2013, with full commissioning of the facility slated to coincide with summer peak demand in 2014. The site is ready for construction, with access to the sea and with gas available via an existing pipeline that feeds a nearby LNG plant, the company said. OPWP had or...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
Faltering Upstream Progress Undermines Libyan Output Targets
...ploitation of new ones, is the Waha oil company, whose Chairman Bashir El-Ashahab said in an interview earlier this month that it was targeting 650,000 b/d by 2014. The company is currently producing 370,000 b/d, according to Waha sources, and the first of four major development projects, Faregh Phase 2, is...
Volume: 52Issue: 30Published at Mon, 27 Jul 2009