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Kuwait, Saudi Spat Over Neutral Zone Heats Up
...olation of the bilateral agreement, he adds. He also says that work to cut emissions had begun in 2011 and was due to be completed in 2017. Mr ‘Umair says in the letter that the Kuwaiti side had suggested to the Saudis that production resume at Khafji at a reduced rate of 100,000 b/d, but that the Sa...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
OPEC Holds Ground After Russia Talks
...forts were being made to reduce capex further and should decrease to less than $20bn a year starting in 2017. ...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
BG: Egypt Down 52%
...feline when the company signed a preliminary agreement with a Noble Energy-led consortium to pipe gas from Israel’s offshore Leviathan field to Idku. Under the letter of intent, Israeli gas would start flowing from 2017-18 at a rate of 700mn cfd in a 15-year supply deal. ...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
Abu Tabul Commissioning To Kick Start Oman Gas Boost
...nths, in an effort to boost much needed short-term supplies, ahead of the planned 2017 start-up of the 1bn cfd Khazzan tight gas project in Block 61 (MEES, 20 December 2013). Despite overseeing a significant hike in gas output over the past 10 years, Oman is facing an ever increasing gas feedstock sh...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
Turkey-Israel Gas Deal Faces Growing Political Obstacles
...vid Stover, President of Leviathan’s Houston-based operator Noble, last week gave the first indication that Leviathan would not begin production in 2017 but rather 2018, as the company attempts to “balance the technical and marketing pieces with necessary regulatory approvals”. A final investment de...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
New Gulf Refineries To Make Middle East Major Products Exporter
...18 36 Karbala Iraq 140 2019 Mid-19 - Jazan S Arabia 400 2017 20...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
Morocco Bags IMF, EU, Qatari Cash
...dustrial users and reduced the per-unit subsidy on diesel, with further reductions planned for the remainder of the year. Subsidies are to fall to MD35bn ($4.20bn) in 2014 (3.7% of GDP) from MD42bn ($5.04bn) in 2013 (4.7% of GDP), with a fall to 3% of GDP by 2017, according to the IMF and the Ministry of Ec...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
The Future Saudi Role In Global Oil Markets
...pply Outlook In Opec Reference Case (Mn B/D) 2013 2014 2015 2016 2017 2018 World Oil De...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
Chevron’s Neutral Zone Steam Injection Pushed to 2020
...gin in the 1Q16, he adds. This would push back a final investment decision (FID) until the start of 2017 at the earliest. The project has slipped by at least three years (MEES, 25 October 2010). Mr Shammari says Chevron will inject its first steam as part of the main phase of its steam in...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013 -
Germany’s RWE Faces Challenging Sale Of North African Assets
...60%, RWE 40%) and West Mediterranean (BP 80%, RWE 20%) deep water concessions. RWE is committed to spending $3.6bn. But the project has been subject to chronic delays. RWE’s latest presentation material indicates that start-up will not be before the end of 2017. Instead of moving forward with the pr...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013 -
Twilight Looms For OPEC’s Golden Age
...ll narrow dangerously; the country could slip into a budget deficit by 2017, according to the latest IMF projections (see graph 3). Saudi officials argue that trends will not continue. New efficiency standards are being rolled out and Riyadh is actively pursuing solar development. A National Energy Ef...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013 -
Kuwait JV Awards Foster Wheeler Vietnam Refinery PMC
...nstruction contractor (EPC) consortium through to the completion of performance testing.” Foster Wheeler carried out front end engineering for the project under a contract awarded in July 2008. Total investment will be $9bn with commercial operations due to begin in 2017, Foster Wheeler says. The plant will ha...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013 -
Algeria: 8.4GW Boost
...ccessful bidders bring the gas turbines online in open cycle mode before summer 2015, with the installation of heat recovery steam generators to enable combined cycle operation to be completed by summer 2017. Mr Boutarfa – currently under investigation with 15 other Sonelgaz managers for alleged co...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013 -
UAE Growth To Slow-IMF
...ll on 30 July. However oil GDP growth is expected to recover to 3.1% in 2015 before falling to around 1.8% in 2017-18, according to projections made earlier by the IMF (MEES, 28 June). Mega-Project Risk Looking ahead, Mr Finger points to a number of risks to future growth. Fi...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013 -
BP To Sign Gas Deal With Oman By September
...gotiating price, how much gas the company can produce and over what period of time. The government has recently raised the cap it puts on what it pays producers to $3/mn BTU. Nonetheless BP is hoping to get $4-6/mn BTU for the 1bn cfd of gas it expects to produce by 2017 and a share of the 20...
Volume: 55Issue: 31Published at Mon, 30 Jul 2012 -
Gulf LNG Producers Facing Greater Competition From Australia In Asia-Pacific
...troChina) 2012 2016+ Train 2 4.0 2017+ Gorgon Chevron Train 4 5 Chevron 50%, ExxonMobil 25%, Shell 25...
Volume: 54Issue: 31Published at Mon, 01 Aug 2011 -
Hess, Petroceltic Swoop To Take KRG Blocks
...e block and push for a major capacity expansion. It plans to hit 15,000 b/d by end 2012, 35,000 b/d by end 2013 and 125,000 b/d (75,000 b/d net to Afren) by 2017. Hot Spot As KRG output rises and the region appears to be in stronger position than vis-a-vis Baghdad, a string of other co...
Volume: 54Issue: 31Published at Mon, 01 Aug 2011 -
MENA And Carbon Capture
...bsidiary was granted approval to fit a CCS system on a Canadian power plant, the CO2 to be used for EOR. By 2017, Bloomberg New Energy Finance estimates that 3.2 gw of CCS-equipped systems will be running – close to half today’s solar power output. Carbon Capture’s Significance For MENA Widespread ad...
Volume: 54Issue: 31Published at Mon, 01 Aug 2011 -
Question Mark Hangs Over ADNOC Oil Concessions
...ude production capacity to about 3.6mn b/d by 2017 from about 2.9mn b/d, sustainable over a 90-day period, according to MEES calculations. (ADNOC uses a more conservative figure, 3.5mn b/d, of average annual output capacity, which takes into account field shut-downs over 12 months). In March 2009, AD...
Volume: 53Issue: 31Published at Mon, 02 Aug 2010 -
Jordan And South Korea Sign $70mn Deal For Nuclear Research Reactor
...wer needs. The kingdom currently imports 96% of its energy needs at a cost of about 13% of its GDP. The site for Jordan’s first commercial nuclear plant – based on a 1.0gw Generation III reactor – has already been selected, near the port city of 'Aqaba, with start-up expected in 2017 at the earliest, th...
Volume: 53Issue: 31Published at Mon, 02 Aug 2010