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