1. Iran Lines Up Linde To Design Cracker In Giant 12th Olefin Complex

    ...mpany (NPC) – which originally conceived and planned the project, before it was handed over to Kian in 2014 under government’s privatization push – said that the project was still at the preliminary design stage at the end of 2014. Linde has been lined up to design the project’s cracker and 13...

    Volume: 59
    Issue: 32
    Published at Fri, 12 Aug 2016
  2. Egypt Hikes Electricity Prices To Cut Subsidies Bill, As IMF Agrees $12Bn Loan

    ...stated in the government plan approved by the parliament.” As Egypt looks to raise revenues and rationalize spending, he said the budget for 2016-17 “will adopt the VAT law after approval by the parliament, and will continue the program begun in 2014 to rationalize energy subsidies.” Go...

    Volume: 59
    Issue: 32
    Published at Fri, 12 Aug 2016
  3. Libya Unification Deal On Shaky Ground, Exports Increase Still To Materialize

    ...km from the terminal, said Mr Abu Thafirah. The Zueitina terminal, which has capacity of 250,000 b/d, was shut down in April 2014 and has operated for only brief periods since (most recently in October 2015 - MEES, 6 November 2015). It has been closed throughout 2016, and in January was the ta...

    Volume: 59
    Issue: 32
    Published at Fri, 12 Aug 2016
  4. Slimmed Down Oxy Emerges Following Divestments

    ...a proportion of overall Oxy production over the last 18 months and averaged 60% in Q2, down from 65.8% a year ago. Gas has seen its share rise from 24% to 27.4% over the same period, its highest share since Q1 2014. However, Oxy’s divestment of its Bahrain asset, the Awali field, last month will re...

    Volume: 59
    Issue: 32
    Published at Fri, 12 Aug 2016
  5. Algeria’s Trade Balance Worsens As Government Ponders Austerity Policy

    ...ocess looks set to be lengthy. The value of Algerian exports fell by 33% to $12.68bn in the first half of 2016 from $18.93bn in the corresponding period of 2015. This equates to $25.36bn on an annualized basis, down by 33% on 2015 and 60% of 2014 (see table). Oil and gas export earnings in the first si...

    Volume: 59
    Issue: 32
    Published at Fri, 12 Aug 2016