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Saudi Arabia Stems Domestic Oil Demand Growth
...of the offshore 1.3bn cfd Hasbah and 1.2bn cfd Arabiyah non-associated fields in 2014 to feed the Wasit gas plant, currently under construction. Ordinary supply of 2.5bn cfd will produce 1.75bn cfd of sales gas and can be augmented to 3.05bn cfd in peak summer demand months, Saudi Aramco revealed. Al...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Orpic Tenders Liwa FEED As Oman Joins Middle East Plastics Boom
...increased propylene supply. Deliveries will be raised by 30,000 t/y to 80,000 t/y beginning 1 January 2014 as APC hikes PP output. 2013 Additions To Middle East Petrochemicals Projects Pipeline Operator(s) Location Start-Up...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Wind Power Dominates Near-Term MENA Renewables Projects Mix
...entified six potential sites for new wind farms in the Gulf of Suez area. It has invited companies to prequalify to develop 100MW projects. France’s GDF Suez is currently building Africa’s largest wind project, the 300MW Tarfaya wind farm in Morocco. This is due online at the end of 2014. Meanwhile, in Tu...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Uncertain Fundamentals Threaten To Ambush Projections
...OPEC Uncertain Fundamentals Threaten To Ambush Projections OPEC ministers will have to contend with a series of challenges when they meet in December as they contemplate the impact of soaring US-led non-OPEC oil production and an anticipated slump in demand for OPEC oil in 2014...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
SEC Head Resigns, Replacement To Come From Aramco
...ecutive of the state utility in October 2006, will step down from his post officially on 1 January 2014. SEC has already lined up his successor – Ziad bin Muhammad al-Shiha, currently Executive Director for Power Systems at state oil firm Saudi Aramco. Mr Barrak instigated a major expansion of ge...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Rohani Promises Iranians Better Days Ahead
...ES, 9 August). Iran’s real GDP fell 1.9% in 2012 and is projected to fall by a further 1.3% in 2013, before rising 1.1% in 2014, according to the IMF’s World Economic Outlook. Iranian Vice-President Ishaq Jahangiri has warned that about one-third of the Iranian budget for fiscal year ending on 20...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Bahrain GDP To Hit 5.6%
...l production from Abu Sa’fa due to maintenance. The non-hydrocarbon sector is expected to rise by 4.4% in 2013. For 2014 real GDP is projected to grow by 4.0%. Due to its modest hydrocarbons endowments, Bahrain had managed to diversify its economy between 2000 and 2012, according to the Ye...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013