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Saudi Arabia Sticks To Jazan Plans In Face Of Yemen War, Oil Price Collapse
...e refinery is still in the early days of engineering design and civil engineering but on track for completion in 2017. Saudi Aramco has awarded US firm Air Products and Saudi company ACWA Holding a contract to build the world’s largest industrial gas complex. Air Products chairman Seifi Ghasemi sa...
Volume: 58Issue: 34Published at Fri, 21 Aug 2015 -
UAE’s Upper Zakum On Track For 1mn B/D
...UAE UAE’s Upper Zakum On Track For 1mn B/D The UAE’s Zakum Development Company (Zadco), operator of the Upper Zakum offshore field, has awarded an extension to a 2008 redevelopment contract to Amec Foster Wheeler. When completed in 2017, Upper Zakum, already one of the world’s largest of...
Volume: 58Issue: 34Published at Fri, 21 Aug 2015 -
Turkey Coal Power Boost
...pendence on imported gas for power generation (see p27). However, while Turkey has large coal resources, gas and renewables projects dominate its medium-term development program. Apart from a 510MW coal-fired plant being built by China’s HEI at Soma for start-up in 2017, plans for further coal ca...
Volume: 58Issue: 34Published at Fri, 21 Aug 2015 -
UAE’s RAK Plans Privately Financed Desalination
...pacity to desalinate 100,000 m3/day of water and store 450,000 m3. Construction will begin next month, with first desalination scheduled for June 2017 and full-scale operation in 2018. Utico says water will initially be provided to RAK and nearby areas and to other parts of the UAE as output in...
Volume: 58Issue: 34Published at Fri, 21 Aug 2015 -
Egypt Powers Ahead To Supply Record As New Capacity Comes Online
...nerators and a steam turbine set with a combined capacity of 340MW. Ansaldo says the plant conversion will require 24 months to complete from the signing of the contract, which suggests completion in late 2017 or early 2018. FUELS: “TEMPORARY GAP” Minister of Petroleum Sharif Isma’il told a gas ma...
Volume: 58Issue: 34Published at Fri, 21 Aug 2015 -
Iraq Faces ‘Existential Threat’ From ‘Double Edged Crisis’ - IMF
...ice of $54.7/B for 2015, $62/B for 2016 and $67.1/B for 2017. However “risks remain very high… emanating from an extension of the conflict, political tensions, weak policy implementation and further shocks from the oil market,” the fund says. Even on the prospects of oil output and exports ramp-up...
Volume: 58Issue: 34Published at Fri, 21 Aug 2015 -
IMF Warns Of Looming Large Saudi Deficit
...rther $5/B rise in 2017 (an average Iraqi crude export price of $54.7/B for 2015, $62.0/B for 2016 and $67.1/B for 2017 – see p20). The IMF acknowledges that “uncertainties about future oil prices and possible escalations of regional tensions are the main risks to the outlook.” The current ac...
Volume: 58Issue: 34Published at Fri, 21 Aug 2015