1. Leviathan Development Gathers Pace As Partners Sign Third Sales Deal

    ...serves, 6.6tcf Is Earmarked For Phase 1 Development. ^Tender Closes November 2014. Tamar: 2bn Cfd By 2017 At Tamar, Noble’s other key Israeli offshore field, Noble says it will double capacity to 2bn cfd by the end of 2017. Indeed debottlenecking recently raised Tamar’s capacity by 10% to 1.1bn cf...

    Volume: 57
    Issue: 36
    Published at Fri, 05 Sep 2014
  2. Oman Taps Shell For 30,000 b/d Crude Output Boost

    ...id at last week’s launch of the annual Oil and Gas Year Oman 2014 energy report. “We need to understand the time-frame [and] cost. It is not going to be cheap, and will be dominated by a lot of drilling activities.” The undersecretary put current PDO crude output at 570,000 b/d – level with its av...

    Volume: 57
    Issue: 36
    Published at Fri, 05 Sep 2014
  3. Imports of Iranian Oil Stay High Ahead Of September Talks

    ...e first seven months of 2014 versus the same period last year, as Indian refiners managed to overcome most of the sanctions-related insurance and re-insurance issues they faced in 2013. State-refiner Mangalore Refinery and Petrochemical Ltd (MRPL) and Essar Oil are currently the only two regular In...

    Volume: 57
    Issue: 36
    Published at Fri, 05 Sep 2014
  4. Gulf Refinery Data Reflects Saudi Capacity Ramp-Up, Impact Of Iraq Turmoil

    ...tivity as Jihadist attacks halt operations in some areas. Data for the 12 months to June 2014 show Gulf refinery throughputs averaged 6.3mn b/d, while Saudi throughput appears to be settling above the 2mn b/d mark with a record 2.14mn b/d processed in May. Saudi Arabia’s refinery throughputs dipped fr...

    Volume: 57
    Issue: 36
    Published at Fri, 05 Sep 2014
  5. Turkey Completes 900MW Gas Plant As Part Of Ambitious Capacity Expansion

    ...nd capacity grew by 15% in the first half of 2014 alone. Wind start-ups in the first half of 2014 came at 87 sites around the country, the ministry says; construction is under way at 39 more. While many of Turkey’s current wind projects are relatively large-scale – the biggest to date is 143MW Ba...

    Volume: 57
    Issue: 36
    Published at Fri, 05 Sep 2014
  6. OPEC Output Continues Rise As African Volumes Recover

    ...rlier forecasts of 30.7mn and 30.5mn b/d for the third and fourth quarters of 2014 respectively. For 2015, the world demand for OPEC crude is forecast at 29.9mn b/d, down from 30mn b/d for full-year 2014. Libya: Rebound Continues Last month saw the return of 100,000 b/d of Libyan crude to ma...

    Volume: 57
    Issue: 36
    Published at Fri, 05 Sep 2014
  7. Algeria Budgets For Higher Spending In 2015

    ...onomic action” program. GDP growth for 2014 is expected to come at around 4.5%.  At the cabinet meeting President Abdelaziz Bouteflika said that the state’s efforts to boost growth through government spending should be supported by a stronger contribution to the productive sectors, as well as to the di...

    Volume: 57
    Issue: 36
    Published at Fri, 05 Sep 2014
  8. Syria Eyes Iran For More Aid

    ...ria’s oil production from government controlled fields has fallen in the first half of 2014 to around 4.4% of its pre-war level of 385,000 b/d. IS alone is reported to control up to 60% of Syria’s oil output from the captured fields; although, whilst IS is producing and exporting crude (and selling vo...

    Volume: 57
    Issue: 36
    Published at Fri, 05 Sep 2014
  9. IMF Releases $217Mn For Tunisia

    ...ansition with the advent of elections in the last quarter of 2014,” but he warns the economic situation remains difficult, with timid growth, high unemployment, and rising external imbalances which are piling pressure on the exchange rate and reserves. “Program implementation is strong” with “all qu...

    Volume: 57
    Issue: 36
    Published at Fri, 05 Sep 2014
  10. The Elusive Costs And Benefits Of Saudization

    ...atistics and Information (CDSI, August 2014) puts Saudi Arabia’s total residents at 30 million at the end of 2013, 20.3 million of whom are Saudi citizens. These numbers indicate an expat community of 9.7 million, a figure far below that which could be inferred from MoL data on non-Saudi workers. This in...

    Volume: 57
    Issue: 36
    Published at Fri, 05 Sep 2014
  11. United States Crude Oil Imports, 1h 2014 (‘000 B/D)

    ...United States Crude Oil Imports, 1h 2014 (‘000 B/D)           1H14 Vs 2013   1H14 Vs 20...

    Volume: 57
    Issue: 36
    Published at Fri, 05 Sep 2014
  12. Benchmark Crude Prices ($/B)

    ...Benchmark Crude Prices ($/B)   4-Sep 25 - 29 Aug 18 - 22 Aug Aug-14 Jul-14 Q2 2014 Q1 2014 20...

    Volume: 57
    Issue: 36
    Published at Fri, 05 Sep 2014
  13. Lebanon Bid Round: More Delays Likely

    ...agreement among Lebanon’s factions to form a new government – empowered to sign the oil and gas decrees – the licensing round will likely be pushed well into 2014.  ...

    Volume: 56
    Issue: 36
    Published at Fri, 06 Sep 2013
  14. India Turns To Iranian Oil For Economic Relief

    ...an).   In a letter to the Indian Prime Minister Manmohan Singh earlier this month, India’s Minister of Oil Veerappa Moily suggested the country could save up to $8.5bn in foreign exchange over the current April 2013-March 2014 fiscal year if it increases its reliance on Iranian oil, for which it is able to...

    Volume: 56
    Issue: 36
    Published at Fri, 06 Sep 2013
  15. Jordan Seeks Products Terminal Bidders

    ...JORDAN   Jordan Seeks Products Terminal Bidders   Jordan’s Ministry of Energy and Mineral Resources has invited contractors to prequalify to build a strategic petroleum reserves terminal near ‘Amman during 2014-15. The ministry said the terminal will have capacity to store 25...

    Volume: 56
    Issue: 36
    Published at Fri, 06 Sep 2013
  16. Sadara/Solvay Start Work On Hydrogen Peroxide Unit

    ...erator Location Start-Up Capacity Sipchem Jubail 2013 200,000 t/y EVA and LDPE PCC Jubail 2014...

    Volume: 56
    Issue: 36
    Published at Fri, 06 Sep 2013
  17. Renewables Progress ‘Hangs In The Balance’, Despite Better Economics

    ...0GW by 2020 - Palestine 44MW by 2020 45MW by 2020 20MW by 2020 21MW by 2020 Qatar - 1.8GW by 2014...

    Volume: 56
    Issue: 36
    Published at Fri, 06 Sep 2013
  18. Libya And Iraq: The Weakest Links In World Oil Markets

    ...edict that at most about 150,000 b/d of new field additions will come online by the end of this year, with the risk that Majnoon also slips into 2014.   Maintenance Exposes Infrastructure Failings Of course, a discussion of Iraq must include a mention of its infrastructure – the key co...

    Volume: 56
    Issue: 36
    Published at Fri, 06 Sep 2013
  19. Algeria Details Power Generation Capacity Expansion Plans

    ...132mw 2014           Labreg     342 342 2x...

    Volume: 55
    Issue: 36
    Published at Mon, 03 Sep 2012
  20. NIGC Chief Outlines Potential For Major Gas Export Hike

    ...port up to 40 bcm/y of Iranian gas to Pakistan, with an initial throughput capacity of 8.7 bcm/y. The line is expected to be commissioned in late 2014 or early 2015. However, Islamabad is under increasing US pressure over its relations with Tehran and has not started to build the 785km Pakistani se...

    Volume: 55
    Issue: 36
    Published at Mon, 03 Sep 2012