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Algeria: In Amenas Gas Boost But Oil Set For Further Slide
...oject is the Central Areas Field Complex in the Berkine Basin: operator Eni on 29 July reiterated that it “expects” the 44,000 b/d project to start-up in 2017. As for key current fields, latest figures for gross liquids output from the Anadarko-operated facilities in the Berkine Basin that process ou...
Volume: 59Issue: 31Published at Fri, 05 Aug 2016 -
Aussie LNG Boom Squeezes Qatar In Core Asian Markets Amid Lackluster Demand
...stomers is also set to be completed by the end of 2017. Similarly, Qatar has strengthened ties with Pakistan through a 15-year deal for the supply of 3.75mn t/y of LNG. This was recently topped up with a 1.3mn t/y deal with GEIL for a 20-year period from 2018 (MEES, 15 July). The deals are un...
Volume: 59Issue: 31Published at Fri, 05 Aug 2016 -
Egypt Looks To Rally Renewables Investors, As Oil Products Imports Soar
...mesa, 2017) 0.22 Wind Gebel El Zeit (Gamesa, 2017) 0.16 Wind Under ne...
Volume: 59Issue: 31Published at Fri, 05 Aug 2016 -
Algeria Brings Combined Capacity To 17.68GW Despite $10bn Funding Deficit
...ich have choked off investment in new oil and gas exploration and development. Sonatrach chief executive Amine Mazouzi has declared that “the period of stagnation is behind us” and presented gas production forecasts of 141.3 bcm in 2017 rising to 165 bcm in 2010 – presumably including reinjected vo...
Volume: 59Issue: 31Published at Fri, 05 Aug 2016 -
Iran Oil Contracts Move One Step Nearer
...eenlights the IPC swiftly, there is a strong likelihood that no contracts will be finalized under it until 2017. The scale of investment needed for projects in Iran means that a lengthy evaluation process would be required before a bid would be submitted, and Iran has yet to finalize which fields will be of...
Volume: 59Issue: 31Published at Fri, 05 Aug 2016 -
Saudi Reserves Down Again But Deficit Narrows
...rtial privatization of the oil giant Saudi Aramco, of which up to 5% will be sold in an IPO expected in 2017. The revenue generated is earmarked to provide seed capital for the Public Investment Fund (PIF). These planned reforms have received cautious praise from the IMF, although the extent to wh...
Volume: 59Issue: 31Published at Fri, 05 Aug 2016 -
CBI Opens Forex Free Market To Commercial Banks
...oating exchange rate system. CBI Governor Valiollah Seif, who expects to see a unification of the two-tier system by March 2017, said that commercial banks can now buy foreign exchange from their clients and trade at the free market rate. Exporters can also sell their forex earnings to banks or deposit th...
Volume: 59Issue: 31Published at Fri, 05 Aug 2016